NCAB Group ABFRA:XB1 +3.98%86 ROA % is 8.24% as of Mar. 2026, which is 36% below its 10-year median of 12.88. GuruFocus rates FRA:XB1 with a GF Score™ of 86/100 and a GF Value™ of €5.83 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 2,502 Hardware companies, NCAB Group AB ranks better than 76.94% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. NCAB Group AB's annualizedNet Income for the quarter that ended in Mar. 2026 was €27.7 Mil.
NCAB Group AB's average Total Assets over the quarter that ended in Mar. 2026 was €336.1 Mil. Therefore, NCAB Group AB's annualized ROA % for the quarter that ended in Mar. 2026 was 8.24%.
The historical rank and industry rank for NCAB Group AB's ROA % or its related term are showing as below:
FRA:XB1'
s ROA % Range Over the Past 10 Years
Min: 5.96 Med: 12.88 Max: 16.36
Current: 6.57
During the past 11 years, NCAB Group AB's highest ROA % was 16.36%. The lowest was 5.96%. And the median was 12.88%.
FRA:XB1's ROA % is ranked better than 76.94% of 2502
companies
in the Hardware industry
Industry Median: 2.265
vs FRA:XB1: 6.57
NCAB Group AB (FRA:XB1) 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.
NCAB Group AB ROA % Related Terms
NCAB Group AB ROA % Historical Data
* Premium members only.
The historical data trend for NCAB Group AB'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 Electronic Components subindustry, NCAB Group AB'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.
NCAB Group AB ROA % vs Hardware Industry
For the Hardware industry and Technology sector, NCAB Group AB's ROA % distribution charts can be found below:
* The bar in red indicates where NCAB Group AB'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.
NCAB Group AB (FRA:XB1) has a ROA % of 8.24% 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 NCAB Group AB and its competitors. This is 36% below median its historical median of 12.88. Over the past decade, NCAB Group AB's ROA % has ranged from 5.96 to 16.36. According to the industry distribution chart, NCAB Group AB ranks #577 out of 2502 companies in the Hardware industry, placing it in the top 23.1%.
Is NCAB Group AB's ROA % too high?
NCAB Group AB's current ROA % of 8.24% is 36% below median its 10-year median of 12.88. Over the past 10 years, this metric has ranged from a low of 5.96 to a high of 16.36. The Hardware industry median ROA % is 2.27. NCAB Group AB's value of 8.24% is 263.8% above this industry median. Based on the distribution chart, NCAB Group AB ranks #577 out of 2502 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, NCAB Group AB has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NCAB Group AB's ROA % compare to APH and GLW?
According to the Hardware industry distribution chart, NCAB Group AB ranks #577 out of 2502 companies for ROA %. This places NCAB Group AB in the top 23% of its industry — outperforming the majority of peers. The industry median ROA % is 2.27. NCAB Group AB's value of 8.24% is 263.8% above this benchmark. Historically, NCAB Group AB's own ROA % has ranged from 5.96 to 16.36 over the past decade. While the company's 10-year median is 12.88 vs. the industry median of 2.27, NCAB Group AB 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 ROA % for a Hardware company?
The median ROA % among Hardware companies is 2.27, based on 2,502 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. NCAB Group AB's current ROA % of 8.24% is 263.8% 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 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 NCAB Group AB and its competitors. For the Hardware industry, the median ROA % is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NCAB Group AB's current ROA % is 8.24%, which is 36% below median its own 10-year median of 12.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NCAB Group AB stock overvalued right now?
Based on GuruFocus' analysis, NCAB Group AB (FRA:XB1) is currently considered Modestly Overvalued. The stock's GF Value™ is €5.83, compared to a current price of €7.57 — trading 29.8% above its estimated fair value. The current ROA % is 8.24%, which is 36% below median its 10-year median of 12.88 and 263.8% above the Hardware industry median of 2.27. NCAB Group AB's overall GF Score™ is 86/100 with 8 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 NCAB Group AB (FRA:XB1), the current ROA % is 8.24% 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 NCAB Group AB (FRA:XB1) Overvalued in 2026?
Based on GuruFocus' analysis, NCAB Group AB stock appears to be overvalued.
The current stock price of €7.57 is trading 29.8% above its estimated GF Value™ of €5.83.
GuruFocus considers NCAB Group AB to be Modestly Overvalued.
Key valuation signals for FRA:XB1:
ROA %: 8.24% (36% below median its 10-year median of 12.88)
GF Value™: €5.83 vs. price of €7.57 (29.8% above fair value)
Industry Position: 263.8% above the Hardware median (#577 of 2502)
No single metric tells the full story. See the FRA:XB1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NCAB Group AB offers a broad range of printed circuit board (PCB) which, after receiving a customer order, are sourced from external manufacturers, predominantly located in China. It provides comprehensive services comprising design support, through prototyping, production and quality control. The operating activities are controlled in four segments; Nordic, Europe, East and North America. It generates key revenue from the Europe segment which includes the provision of a broad range of PCBs from the companies in the UK, Poland, France, Italy, Germany and Spain.
86GF Score
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