ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. CodeLab Capital AS's annualizedNet Income for the quarter that ended in Dec. 2025 was €-1.62 Mil.
CodeLab Capital AS's average Total Assets over the quarter that ended in Dec. 2025 was €3.61 Mil. Therefore, CodeLab Capital AS's annualized ROA % for the quarter that ended in Dec. 2025 was -44.76%.
The historical rank and industry rank for CodeLab Capital AS's ROA % or its related term are showing as below:
FRA:P990'
s ROA % Range Over the Past 10 Years
Min: -190.1 Med: -11.5 Max: 5.71
Current: -45.18
During the past 8 years, CodeLab Capital AS's highest ROA % was 5.71%. The lowest was -190.10%. And the median was -11.50%.
FRA:P990's ROA % is ranked worse than 88.29% of 683
companies
in the Healthcare Providers & Services industry
Industry Median: 1.77
vs FRA:P990: -45.18
CodeLab Capital AS (FRA:P990) 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 two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) 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.
CodeLab Capital AS ROA % Related Terms
CodeLab Capital AS ROA % Historical Data
* Premium members only.
The historical data trend for CodeLab Capital AS'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 Health Information Services subindustry, CodeLab Capital AS'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.
CodeLab Capital AS ROA % vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, CodeLab Capital AS's ROA % distribution charts can be found below:
* The bar in red indicates where CodeLab Capital AS'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 two times the semi-annual (Dec. 2025) net income data.
ROA % is displayed in the 30-year financial page.
CodeLab Capital AS (FRA:P990) has a ROA % of -44.76% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on CodeLab Capital AS and its competitors. According to the industry distribution chart, CodeLab Capital AS ranks #603 out of 683 companies in the Healthcare Providers & Services industry, placing it in the top 88.3%.
Is CodeLab Capital AS's ROA % too high?
CodeLab Capital AS's current ROA % is -44.76%. Based on the distribution chart, CodeLab Capital AS ranks #603 out of 683 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, CodeLab Capital AS has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does CodeLab Capital AS's ROA % compare to VEEV and BTSG?
According to the Healthcare Providers & Services industry distribution chart, CodeLab Capital AS ranks #603 out of 683 companies for ROA %. This places CodeLab Capital AS in the lower half of its industry. The industry median ROA % is 1.77. 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 Healthcare Providers & Services company?
The median ROA % among Healthcare Providers & Services companies is 1.77, based on 683 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. 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 CodeLab Capital AS and its competitors. For the Healthcare Providers & Services industry, the median ROA % is 1.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CodeLab Capital AS's current ROA % is -44.76%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CodeLab Capital AS stock overvalued right now?
CodeLab Capital AS (FRA:P990) has a current ROA % of -44.76%. The stock's GF Value™ is €0.19, compared to a current price of €0.34 — trading 77.4% above its estimated fair value. The current ROA % is -44.76%. CodeLab Capital AS's overall GF Score™ is 44/100 with 6 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 CodeLab Capital AS (FRA:P990), the current ROA % is -44.76% 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 CodeLab Capital AS (FRA:P990) Overvalued in 2026?
Based on GuruFocus' analysis, CodeLab Capital AS stock appears to be overvalued.
The current stock price of €0.34 is trading 77.4% above its estimated GF Value™ of €0.19.
Key valuation signals for FRA:P990:
ROA %: -44.76%
GF Value™: €0.19 vs. price of €0.34 (77.4% above fair value)
No single metric tells the full story. See the FRA:P990 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CodeLab Capital AS builds and invests in next-generation technology. Its primary objective is to invest in other companies and contribute with capital, network, and operations. CodeLab Capital AS is a holding company that, through its subsidiary, is engaged in making software development tools for the broader B2B market.
44GF Score
Get the complete analysis for FRA:P990
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:P990 has been successfully added to your 
