ASM International NVASMXF 94 Return-on-Tangible-Equity is 33.88% as of Mar. 2026, which is 50% above its 10-year median of 22.61. GuruFocus rates ASMXF with a GF Score™ of 94/100 and a GF Value™ of $706.35 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 985 Semiconductors companies, ASM International NV ranks better than 93.5% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. ASM International NV's annualized net income for the quarter that ended in Mar. 2026 was $1,103 Mil. ASM International NV's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $3,255 Mil. Therefore, ASM International NV's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 33.88%.
The historical rank and industry rank for ASM International NV's Return-on-Tangible-Equity or its related term are showing as below:
ASMXF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.24 Med: 22.61 Max: 37.83
Current: 37.83
During the past 13 years, ASM International NV's highest Return-on-Tangible-Equity was 37.83%. The lowest was 7.24%. And the median was 22.61%.
ASMXF's Return-on-Tangible-Equity is ranked better than 93.5% of 985
companies
in the Semiconductors industry
Industry Median: 5.19
vs ASMXF: 37.83
ASM International NV (OTCPK:ASMXF) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
ASM International NV Return-on-Tangible-Equity Related Terms
ASM International NV Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for ASM International NV's Return-on-Tangible-Equity 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.
ASM International NV Return-on-Tangible-Equity Chart
ASMXF vs AMAT, LRCX, KLAC: Return-on-Tangible-Equity Comparison
For the Semiconductor Equipment & Materials subindustry, ASM International NV's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
ASM International NV Return-on-Tangible-Equity vs Semiconductors Industry
For the Semiconductors industry and Technology sector, ASM International NV's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where ASM International NV's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 33.88% mean?
ASM International NV (ASMXF) has a Return-on-Tangible-Equity of 33.88% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on ASM International NV and its competitors. This is 50% above median its historical median of 22.61. Over the past decade, ASM International NV's Return-on-Tangible-Equity has ranged from 7.24 to 37.83. According to the industry distribution chart, ASM International NV ranks #64 out of 985 companies in the Semiconductors industry, placing it in the top 6.5%.
Is ASM International NV's Return-on-Tangible-Equity too high?
ASM International NV's current Return-on-Tangible-Equity of 33.88% is 50% above median its 10-year median of 22.61. Over the past 10 years, this metric has ranged from a low of 7.24 to a high of 37.83. The Semiconductors industry median Return-on-Tangible-Equity is 5.19. ASM International NV's value of 33.88% is 552.8% above this industry median. Based on the distribution chart, ASM International NV ranks #64 out of 985 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, ASM International NV has a GF Score™ of 94/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ASM International NV's Return-on-Tangible-Equity compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, ASM International NV ranks #64 out of 985 companies for Return-on-Tangible-Equity. This places ASM International NV in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.19. ASM International NV's value of 33.88% is 552.8% above this benchmark. Historically, ASM International NV's own Return-on-Tangible-Equity has ranged from 7.24 to 37.83 over the past decade. While the company's 10-year median is 22.61 vs. the industry median of 5.19, ASM International NV 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-Equity for a Semiconductors company?
The median Return-on-Tangible-Equity among Semiconductors companies is 5.19, based on 985 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ASM International NV's current Return-on-Tangible-Equity of 33.88% is 552.8% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on ASM International NV and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Equity is 5.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASM International NV's current Return-on-Tangible-Equity is 33.88%, which is 50% above median its own 10-year median of 22.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASM International NV stock overvalued right now?
Based on GuruFocus' analysis, ASM International NV (ASMXF) is currently considered Significantly Overvalued. The stock's GF Value™ is $706.35, compared to a current price of $1,104.85 — trading 56.4% above its estimated fair value. The current Return-on-Tangible-Equity is 33.88%, which is 50% above median its 10-year median of 22.61 and 552.8% above the Semiconductors industry median of 5.19. ASM International NV's overall GF Score™ is 94/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For ASM International NV (ASMXF), the current Return-on-Tangible-Equity is 33.88% 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 ASM International NV (ASMXF) Overvalued in 2026?
Based on GuruFocus' analysis, ASM International NV stock appears to be overvalued.
The current stock price of $1,104.85 is trading 56.4% above its estimated GF Value™ of $706.35.
GuruFocus considers ASM International NV to be Significantly Overvalued.
Key valuation signals for ASMXF:
Return-on-Tangible-Equity: 33.88% (50% above median its 10-year median of 22.61)
GF Value™: $706.35 vs. price of $1,104.85 (56.4% above fair value)
Industry Position: 552.8% above the Semiconductors median (#64 of 985)
No single metric tells the full story. See the ASMXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ASM International is a Dutch company that supplies deposition equipment for chip fabrication. It is the leader in atomic layer deposition, a precise deposition technique that is required in the most advanced semiconductors. ASM's main clients are logic foundries TSMC, Samsung, and Intel, as well as memory foundries SK Hynix and Micron Technology. Foundries and wafer fab equipment providers like ASM work closely, which gives the firm insight into the customer's innovation and product road maps. Once a machine is established in a fab, it can generate service revenue for decades.
94GF Score
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