OndasXSWX:ONDS 67 Return-on-Tangible-Asset is 116.65% as of Mar. 2026. GuruFocus rates XSWX:ONDS with a GF Score™ of 67/100 and a GF Value™ of CHF3.45. The stock has 8 warning signs investors should review. Among 2,496 Hardware companies, Ondas ranks better than 99.32% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Ondas's annualizedNet Income for the quarter that ended in Mar. 2026 was CHF1,451.79 Mil. Ondas's average total tangible assets for the quarter that ended in Mar. 2026 was CHF1,244.58 Mil. Therefore, Ondas's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 116.65%.
The historical rank and industry rank for Ondas's Return-on-Tangible-Asset or its related term are showing as below:
XSWX:ONDS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -924.49 Med: -139.31 Max: 39.19
Current: 39.19
During the past 11 years, Ondas's highest Return-on-Tangible-Asset was 39.19%. The lowest was -924.49%. And the median was -139.31%.
XSWX:ONDS's Return-on-Tangible-Asset is ranked better than 99.32% of 2496
companies
in the Hardware industry
Industry Median: 2.425
vs XSWX:ONDS: 39.19
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Ondas Return-on-Tangible-Asset Related Terms
Ondas Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Ondas's Return-on-Tangible-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
XSWX:ONDS vs : Return-on-Tangible-Asset Comparison
For the Communication Equipment subindustry, Ondas's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Ondas Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Ondas's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Ondas's Return-on-Tangible-Asset falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 116.65% mean?
Ondas (XSWX:ONDS) has a Return-on-Tangible-Asset of 116.65% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Ondas and its competitors. According to the industry distribution chart, Ondas ranks #17 out of 2496 companies in the Hardware industry, placing it in the top 0.7%.
Is Ondas' Return-on-Tangible-Asset too high?
Ondas' current Return-on-Tangible-Asset is 116.65%. The Hardware industry median Return-on-Tangible-Asset is 2.43. Ondas' value of 116.65% is 4710.3% above this industry median. Based on the distribution chart, Ondas ranks #17 out of 2496 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Ondas has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Ondas' Return-on-Tangible-Asset compare to ?
According to the Hardware industry distribution chart, Ondas ranks #17 out of 2496 companies for Return-on-Tangible-Asset. This places Ondas in the top 1% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.43. Ondas' value of 116.65% is 4710.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.43, based on 2,496 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ondas's current Return-on-Tangible-Asset of 116.65% is 4710.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Ondas and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ondas's current Return-on-Tangible-Asset is 116.65%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ondas stock overvalued right now?
Ondas (XSWX:ONDS) has a current Return-on-Tangible-Asset of 116.65%. The stock's GF Value™ is CHF3.45, compared to a current price of CHF6.29 — trading 82.2% above its estimated fair value. The current Return-on-Tangible-Asset is 116.65% and 4710.3% above the Hardware industry median of 2.43. Ondas' overall GF Score™ is 67/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Ondas (XSWX:ONDS), the current Return-on-Tangible-Asset is 116.65% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Ondas (XSWX:ONDS) Overvalued in 2026?
Based on GuruFocus' analysis, Ondas stock appears to be overvalued.
The current stock price of CHF6.29 is trading 82.2% above its estimated GF Value™ of CHF3.45.
Key valuation signals for XSWX:ONDS:
Return-on-Tangible-Asset: 116.65%
GF Value™: CHF3.45 vs. price of CHF6.29 (82.2% above fair value)
Industry Position: 4710.3% above the Hardware median (#17 of 2496)
No single metric tells the full story. See the XSWX:ONDS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ondas Inc designs, develops, manufactures, sells, and supports FullMAX Software Defined Radio (SDR) technology in the United States, Israel, and India. The company operates in two business segments namely Ondas Networks and Ondas Autonomous Systems. The company generates maximum revenue from Ondas Autonomous Systems through the sales of the Optimus system and separately priced support, maintenance, and ancillary services related to the sale of the Optimus system. Geographically, the company operates in Israel, Germany, United Arab Emirates, United States, and Other Countries. It derives maximum revenue from Israel.
67GF Score
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