ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Nektar Therapeutics's annualizedNet Income for the quarter that ended in Mar. 2026 was €-155.37 Mil.
Nektar Therapeutics's average Total Assets over the quarter that ended in Mar. 2026 was €449.85 Mil. Therefore, Nektar Therapeutics's annualized ROA % for the quarter that ended in Mar. 2026 was -34.54%.
The historical rank and industry rank for Nektar Therapeutics's ROA % or its related term are showing as below:
FRA:ITH0'
s ROA % Range Over the Past 10 Years
Min: -56.17 Med: -31.33 Max: 51.25
Current: -43.7
During the past 13 years, Nektar Therapeutics's highest ROA % was 51.25%. The lowest was -56.17%. And the median was -31.33%.
FRA:ITH0's ROA % is ranked worse than 58.65% of 1422
companies
in the Biotechnology industry
Industry Median: -32.87
vs FRA:ITH0: -43.70
Nektar Therapeutics (FRA:ITH0) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % 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 ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Nektar Therapeutics ROA % Related Terms
Nektar Therapeutics ROA % Historical Data
* Premium members only.
The historical data trend for Nektar Therapeutics's ROA % 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.
For the Biotechnology subindustry, Nektar Therapeutics's ROA %, along with its competitors' market caps and ROA % 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.
Nektar Therapeutics ROA % vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Nektar Therapeutics's ROA % distribution charts can be found below:
* The bar in red indicates where Nektar Therapeutics's ROA % 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 ROA %, the net income of the last fiscal year and the average total 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.
ROA % is displayed in the 30-year financial page.
Nektar Therapeutics (FRA:ITH0) has a ROA % of -34.54% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Nektar Therapeutics and its competitors. According to the industry distribution chart, Nektar Therapeutics ranks #834 out of 1422 companies in the Biotechnology industry, placing it in the top 58.6%.
Is Nektar Therapeutics' ROA % too high?
Nektar Therapeutics' current ROA % is -34.54%. Based on the distribution chart, Nektar Therapeutics ranks #834 out of 1422 companies in the Biotechnology industry, which is below the industry midpoint. Overall, Nektar Therapeutics has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nektar Therapeutics' ROA % compare to PHVS and KOD?
According to the Biotechnology industry distribution chart, Nektar Therapeutics ranks #834 out of 1422 companies for ROA %. This places Nektar Therapeutics in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for a Biotechnology company?
A good ROA % depends on the Biotechnology industry context. However, ROA % 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Nektar Therapeutics and its competitors. Nektar Therapeutics's current ROA % is -34.54%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nektar Therapeutics stock overvalued right now?
Based on GuruFocus' analysis, Nektar Therapeutics (FRA:ITH0) is currently considered Significantly Overvalued. The stock's GF Value™ is €5.05, compared to a current price of €53.62 — trading 961.8% above its estimated fair value. The current ROA % is -34.54%. Nektar Therapeutics' overall GF Score™ is 47/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Nektar Therapeutics (FRA:ITH0), the current ROA % is -34.54% 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 Nektar Therapeutics (FRA:ITH0) Overvalued in 2026?
Based on GuruFocus' analysis, Nektar Therapeutics stock appears to be overvalued.
The current stock price of €53.62 is trading 961.8% above its estimated GF Value™ of €5.05.
GuruFocus considers Nektar Therapeutics to be Significantly Overvalued.
Key valuation signals for FRA:ITH0:
ROA %: -34.54%
GF Value™: €5.05 vs. price of €53.62 (961.8% above fair value)
No single metric tells the full story. See the FRA:ITH0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nektar Therapeutics is a clinical-stage, research-based biopharmaceutical company headquartered in San Francisco, California, and incorporated in Delaware, focused on discovering and developing medicines in the field of immunotherapy. The Company directs its efforts toward creating immunomodulatory agents that selectively induce, amplify, attenuate, or prevent immune responses to achieve desired therapeutic outcomes. Its pipeline of clinical-stage and preclinical-stage immunomodulatory agents targets the treatment of autoimmune diseases, including rezpegaldesleukin, NKTR-0165, NKTR-0166, and NKTR-422, as well as cancer, including NKTR-255.
47GF Score
Get the complete analysis for FRA:ITH0
ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:ITH0 has been successfully added to your 
