Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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. Norstar Holdings's annualizedNet Income for the quarter that ended in Mar. 2026 was ₪-16 Mil. Norstar Holdings's average total tangible assets for the quarter that ended in Mar. 2026 was ₪32,616 Mil. Therefore, Norstar Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -0.05%.
The historical rank and industry rank for Norstar Holdings's Return-on-Tangible-Asset or its related term are showing as below:
XTAE:NSTR'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.92 Med: -0.11 Max: 0.88
Current: 0.3
During the past 13 years, Norstar Holdings's highest Return-on-Tangible-Asset was 0.88%. The lowest was -1.92%. And the median was -0.11%.
XTAE:NSTR's Return-on-Tangible-Asset is ranked worse than 64.89% of 1803
companies
in the Real Estate industry
Industry Median: 1.9
vs XTAE:NSTR: 0.30
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.
Norstar Holdings Return-on-Tangible-Asset Related Terms
Norstar Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Norstar Holdings'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.
XTAE:NSTR vs CBRE, BEKE, JLL: Return-on-Tangible-Asset Comparison
For the Real Estate Services subindustry, Norstar Holdings'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.
Norstar Holdings Return-on-Tangible-Asset vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Norstar Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Norstar Holdings'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 -0.05% mean?
Norstar Holdings (XTAE:NSTR) has a Return-on-Tangible-Asset of -0.05% 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 Norstar Holdings and its competitors. According to the industry distribution chart, Norstar Holdings ranks #1170 out of 1803 companies in the Real Estate industry, placing it in the top 64.9%.
Is Norstar Holdings' Return-on-Tangible-Asset too high?
Norstar Holdings' current Return-on-Tangible-Asset is -0.05%. Based on the distribution chart, Norstar Holdings ranks #1170 out of 1803 companies in the Real Estate industry, which is below the industry midpoint. Overall, Norstar Holdings has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Norstar Holdings' Return-on-Tangible-Asset compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Norstar Holdings ranks #1170 out of 1803 companies for Return-on-Tangible-Asset. This places Norstar Holdings in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.90. 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 Real Estate company?
The median Return-on-Tangible-Asset among Real Estate companies is 1.90, based on 1,803 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. 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 Norstar Holdings and its competitors. For the Real Estate industry, the median Return-on-Tangible-Asset is 1.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norstar Holdings's current Return-on-Tangible-Asset is -0.05%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norstar Holdings stock overvalued right now?
Based on GuruFocus' analysis, Norstar Holdings (XTAE:NSTR) is currently considered Fairly Valued. The stock's GF Value™ is ₪7.42, compared to a current price of ₪7.31 — trading 1.5% below its estimated fair value. The current Return-on-Tangible-Asset is -0.05%. Norstar Holdings' overall GF Score™ is 59/100 with 5 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 Norstar Holdings (XTAE:NSTR), the current Return-on-Tangible-Asset is -0.05% 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 Norstar Holdings (XTAE:NSTR) Overvalued in 2026?
Based on GuruFocus' analysis, Norstar Holdings stock appears to be undervalued.
The current stock price of ₪7.31 is trading 1.5% below its estimated GF Value™ of ₪7.42.
GuruFocus considers Norstar Holdings to be Fairly Valued.
Key valuation signals for XTAE:NSTR:
Return-on-Tangible-Asset: -0.05%
GF Value™: ₪7.42 vs. price of ₪7.31 (1.5% below fair value)
No single metric tells the full story. See the XTAE:NSTR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Norstar Holdings Inc is a multinational real estate holdings company based in Israel. The company is the major shareholder of Gazit Globe, a multi-national real estate investment company that acquires, develops, and manages supermarket anchored shopping centers. The company operates through a variety of subsidiaries: in the United States through Equity One Inc., Royal Senior Care LLC, and ProMed Properties Inc.; in Canada through First Capital Realty Inc.; and in Europe through Citycon Oyj. In the United States the company focuses on projects in the senior housing and the medical office building sectors in North America.
59GF Score
Get the complete analysis for XTAE:NSTR
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XTAE:NSTR has been successfully added to your 
