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Zagrebacka Burza DDZAG:ZB 77 Return-on-Tangible-Asset is 4.83% as of Dec. 2025, which is 331% above its 10-year median of 1.12. GuruFocus rates ZAG:ZB with a GF Score™ of 77/100 and a GF Value™ of €4.43 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 818 Capital Markets companies, Zagrebacka Burza DD ranks better than 79.58% 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. Zagrebacka Burza DD's annualizedNet Income for the quarter that ended in Dec. 2025 was €0.38 Mil. Zagrebacka Burza DD's average total tangible assets for the quarter that ended in Dec. 2025 was €7.87 Mil. Therefore, Zagrebacka Burza DD's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 4.83%.
The historical rank and industry rank for Zagrebacka Burza DD's Return-on-Tangible-Asset or its related term are showing as below:
ZAG:ZB'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -8.16 Med: 1.12 Max: 7.44
Current: 7.32
During the past 12 years, Zagrebacka Burza DD's highest Return-on-Tangible-Asset was 7.44%. The lowest was -8.16%. And the median was 1.12%.
ZAG:ZB's Return-on-Tangible-Asset is ranked better than 79.58% of 818
companies
in the Capital Markets industry
Industry Median: 1.55
vs ZAG:ZB: 7.32
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.
Zagrebacka Burza DD Return-on-Tangible-Asset Related Terms
Zagrebacka Burza DD Return-on-Tangible-Asset Historical Data
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The historical data trend for Zagrebacka Burza DD'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.
ZAG:ZB vs SPGI, CME, ICE: Return-on-Tangible-Asset Comparison
For the Financial Data & Stock Exchanges subindustry, Zagrebacka Burza DD'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.
Zagrebacka Burza DD Return-on-Tangible-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Zagrebacka Burza DD's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Zagrebacka Burza DD'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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 4.83% mean?
Zagrebacka Burza DD (ZAG:ZB) has a Return-on-Tangible-Asset of 4.83% 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 Zagrebacka Burza DD and its competitors. This is 331% above median its historical median of 1.12. According to the industry distribution chart, Zagrebacka Burza DD ranks #167 out of 818 companies in the Capital Markets industry, placing it in the top 20.4%.
Is Zagrebacka Burza DD's Return-on-Tangible-Asset too high?
Zagrebacka Burza DD's current Return-on-Tangible-Asset of 4.83% is 331% above median its 10-year median of 1.12. The Capital Markets industry median Return-on-Tangible-Asset is 1.55. Zagrebacka Burza DD's value of 4.83% is 211.6% above this industry median. Based on the distribution chart, Zagrebacka Burza DD ranks #167 out of 818 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Zagrebacka Burza DD has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zagrebacka Burza DD's Return-on-Tangible-Asset compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Zagrebacka Burza DD ranks #167 out of 818 companies for Return-on-Tangible-Asset. This places Zagrebacka Burza DD in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.55. Zagrebacka Burza DD's value of 4.83% is 211.6% above this benchmark. While the company's 10-year median is 1.12 vs. the industry median of 1.55, Zagrebacka Burza DD has consistently been above the industry average. 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 Capital Markets company?
The median Return-on-Tangible-Asset among Capital Markets companies is 1.55, based on 818 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. Zagrebacka Burza DD's current Return-on-Tangible-Asset of 4.83% is 211.6% 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 Zagrebacka Burza DD and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Asset is 1.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zagrebacka Burza DD's current Return-on-Tangible-Asset is 4.83%, which is 331% above median its own 10-year median of 1.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zagrebacka Burza DD stock overvalued right now?
Based on GuruFocus' analysis, Zagrebacka Burza DD (ZAG:ZB) is currently considered Significantly Overvalued. The stock's GF Value™ is €4.43, compared to a current price of €6.25 — trading 41.1% above its estimated fair value. The current Return-on-Tangible-Asset is 4.83%, which is 331% above median its 10-year median of 1.12 and 211.6% above the Capital Markets industry median of 1.55. Zagrebacka Burza DD's overall GF Score™ is 77/100 with 2 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 Zagrebacka Burza DD (ZAG:ZB), the current Return-on-Tangible-Asset is 4.83% 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.
Is Zagrebacka Burza DD (ZAG:ZB) Overvalued in 2026?
Based on GuruFocus' analysis, Zagrebacka Burza DD stock appears to be overvalued.
The current stock price of €6.25 is trading 41.1% above its estimated GF Value™ of €4.43.
GuruFocus considers Zagrebacka Burza DD to be Significantly Overvalued.
Key valuation signals for ZAG:ZB:
Return-on-Tangible-Asset: 4.83% (331% above median its 10-year median of 1.12)
GF Value™: €4.43 vs. price of €6.25 (41.1% above fair value)
Industry Position: 211.6% above the Capital Markets median (#167 of 818)
No single metric tells the full story. See the ZAG:ZB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zagrebacka Burza DD is a Croatian stock exchange. It is engaged in managing a regulated market, collecting, processing and publishing data on trade and managing multilateral trading platform.
77GF Score
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