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.
Springer Nature AG KGaAXTER:SPG +1.66%46 Return-on-Tangible-Asset is 45.74% as of Dec. 2025. GuruFocus rates XTER:SPG with a GF Score™ of 46/100. The stock has 6 warning signs investors should review. Among 1,030 Media - Diversified companies, Springer Nature AG KGaA ranks better than 97.96% 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. Springer Nature AG KGaA's annualizedNet Income for the quarter that ended in Dec. 2025 was €453 Mil. Springer Nature AG KGaA's average total tangible assets for the quarter that ended in Dec. 2025 was €990 Mil. Therefore, Springer Nature AG KGaA's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 45.74%.
The historical rank and industry rank for Springer Nature AG KGaA's Return-on-Tangible-Asset or its related term are showing as below:
XTER:SPG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -53.3 Med: -7.6 Max: 34.6
Current: 34.6
During the past 8 years, Springer Nature AG KGaA's highest Return-on-Tangible-Asset was 34.60%. The lowest was -53.30%. And the median was -7.60%.
XTER:SPG's Return-on-Tangible-Asset is ranked better than 97.96% of 1030
companies
in the Media - Diversified industry
Industry Median: 0.78
vs XTER:SPG: 34.60
Springer Nature AG KGaA (XTER:SPG) Return-on-Tangible-Asset Explanation
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.
Springer Nature AG KGaA Return-on-Tangible-Asset Related Terms
Springer Nature AG KGaA Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Springer Nature AG KGaA'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.
Springer Nature AG KGaA Return-on-Tangible-Asset Chart
XTER:SPG vs NYT, WLY: Return-on-Tangible-Asset Comparison
For the Publishing subindustry, Springer Nature AG KGaA'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.
Springer Nature AG KGaA Return-on-Tangible-Asset vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Springer Nature AG KGaA's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Springer Nature AG KGaA'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 two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 45.74% mean?
Springer Nature AG KGaA (XTER:SPG) has a Return-on-Tangible-Asset of 45.74% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Springer Nature AG KGaA and its competitors. According to the industry distribution chart, Springer Nature AG KGaA ranks #21 out of 1030 companies in the Media - Diversified industry, placing it in the top 2%.
Is Springer Nature AG KGaA's Return-on-Tangible-Asset too high?
Springer Nature AG KGaA's current Return-on-Tangible-Asset is 45.74%. The Media - Diversified industry median Return-on-Tangible-Asset is 0.78. Springer Nature AG KGaA's value of 45.74% is 5764.1% above this industry median. Based on the distribution chart, Springer Nature AG KGaA ranks #21 out of 1030 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Springer Nature AG KGaA has a GF Score™ of 46/100, reflecting its overall financial health beyond just this single metric.
How does Springer Nature AG KGaA's Return-on-Tangible-Asset compare to NYT and WLY?
According to the Media - Diversified industry distribution chart, Springer Nature AG KGaA ranks #21 out of 1030 companies for Return-on-Tangible-Asset. This places Springer Nature AG KGaA in the top 2% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 0.78. Springer Nature AG KGaA's value of 45.74% is 5764.1% 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 Media - Diversified company?
The median Return-on-Tangible-Asset among Media - Diversified companies is 0.78, based on 1,030 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. Springer Nature AG KGaA's current Return-on-Tangible-Asset of 45.74% is 5764.1% 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 Springer Nature AG KGaA and its competitors. For the Media - Diversified industry, the median Return-on-Tangible-Asset is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Springer Nature AG KGaA's current Return-on-Tangible-Asset is 45.74%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Springer Nature AG KGaA stock overvalued right now?
Springer Nature AG KGaA (XTER:SPG) has a current Return-on-Tangible-Asset of 45.74%. The current Return-on-Tangible-Asset is 45.74% and 5764.1% above the Media - Diversified industry median of 0.78. Springer Nature AG KGaA's overall GF Score™ is 46/100 with 6 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 Springer Nature AG KGaA (XTER:SPG), the current Return-on-Tangible-Asset is 45.74% as of Dec. 2025. 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.
Springer Nature AG & Co KGaA is a research, educational, and professional publisher providing content to communities through a range of platforms, products, and services. It offers journals, books, platforms, databases & and solutions. The company includes three Segments: Research, Education, and Health. The company operates in the Americas, APAC, Germany, and Other EMEA regions. The majority of revenue is generated from the research segment in America.
46GF Score
Get the complete analysis for XTER:SPG
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
XTER:SPG has been successfully added to your 
