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Zebra TechnologiesZBRA +0.87%78 Return-on-Tangible-Asset is 18.54% as of Mar. 2026, which is 12% above its 10-year median of 16.52. GuruFocus rates ZBRA with a GF Score™ of 78/100 and a GF Value™ of $337.13 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 2,503 Hardware companies, Zebra Technologies ranks better than 91.37% 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. Zebra Technologies's annualizedNet Income for the quarter that ended in Mar. 2026 was $540 Mil. Zebra Technologies's average total tangible assets for the quarter that ended in Mar. 2026 was $2,912 Mil. Therefore, Zebra Technologies's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 18.54%.
The historical rank and industry rank for Zebra Technologies's Return-on-Tangible-Asset or its related term are showing as below:
ZBRA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7.86 Med: 16.52 Max: 37.48
Current: 12.49
During the past 13 years, Zebra Technologies's highest Return-on-Tangible-Asset was 37.48%. The lowest was -7.86%. And the median was 16.52%.
ZBRA's Return-on-Tangible-Asset is ranked better than 91.37% of 2503
companies
in the Hardware industry
Industry Median: 2.44
vs ZBRA: 12.49
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.
Zebra Technologies Return-on-Tangible-Asset Related Terms
Zebra Technologies Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Zebra Technologies'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.
ZBRA vs VIAV, AAOI, VSAT: Return-on-Tangible-Asset Comparison
For the Communication Equipment subindustry, Zebra Technologies'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.
Zebra Technologies Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Zebra Technologies's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Zebra Technologies'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 18.54% mean?
Zebra Technologies (ZBRA) has a Return-on-Tangible-Asset of 18.54% 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 Zebra Technologies and its competitors. This is 12% above median its historical median of 16.52. According to the industry distribution chart, Zebra Technologies ranks #216 out of 2503 companies in the Hardware industry, placing it in the top 8.6%.
Is Zebra Technologies' Return-on-Tangible-Asset too high?
Zebra Technologies' current Return-on-Tangible-Asset of 18.54% is 12% above median its 10-year median of 16.52. The Hardware industry median Return-on-Tangible-Asset is 2.44. Zebra Technologies' value of 18.54% is 659.8% above this industry median. Based on the distribution chart, Zebra Technologies ranks #216 out of 2503 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Zebra Technologies has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zebra Technologies' Return-on-Tangible-Asset compare to VIAV and AAOI?
According to the Hardware industry distribution chart, Zebra Technologies ranks #216 out of 2503 companies for Return-on-Tangible-Asset. This places Zebra Technologies in the top 9% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.44. Zebra Technologies' value of 18.54% is 659.8% above this benchmark. While the company's 10-year median is 16.52 vs. the industry median of 2.44, Zebra Technologies 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.44, based on 2,503 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. Zebra Technologies's current Return-on-Tangible-Asset of 18.54% is 659.8% 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 Zebra Technologies and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zebra Technologies's current Return-on-Tangible-Asset is 18.54%, which is 12% above median its own 10-year median of 16.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zebra Technologies stock overvalued right now?
Based on GuruFocus' analysis, Zebra Technologies (ZBRA) is currently considered Modestly Undervalued. The stock's GF Value™ is $337.13, compared to a current price of $267.31 — trading 20.7% below its estimated fair value. The current Return-on-Tangible-Asset is 18.54%, which is 12% above median its 10-year median of 16.52 and 659.8% above the Hardware industry median of 2.44. Zebra Technologies' overall GF Score™ is 78/100 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 Zebra Technologies (ZBRA), the current Return-on-Tangible-Asset is 18.54% 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 Zebra Technologies (ZBRA) Overvalued in 2026?
Based on GuruFocus' analysis, Zebra Technologies stock appears to be undervalued.
The current stock price of $267.31 is trading 20.7% below its estimated GF Value™ of $337.13.
GuruFocus considers Zebra Technologies to be Modestly Undervalued.
Key valuation signals for ZBRA:
Return-on-Tangible-Asset: 18.54% (12% above median its 10-year median of 16.52)
GF Value™: $337.13 vs. price of $267.31 (20.7% below fair value)
Industry Position: 659.8% above the Hardware median (#216 of 2503)
No single metric tells the full story. See the ZBRA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zebra Technologies is the largest provider of automatic identification and data capture technology to enterprises. Its solutions include barcode printers and scanners, mobile computers, and workflow optimization software. The firm primarily serves the retail, transportation logistics, manufacturing, and healthcare markets, designing custom solutions to improve efficiency at its customers.
78GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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