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Eco Wave Power Global ABWAVE +2.68%40 Return-on-Tangible-Asset is -36.27% as of Mar. 2026. GuruFocus rates WAVE with a GF Score™ of 40/100 and a GF Value™ of $1.51 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 449 Utilities - Independent Power Producers companies, Eco Wave Power Global AB ranks worse than 95.1% 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. Eco Wave Power Global AB's annualizedNet Income for the quarter that ended in Mar. 2026 was $-2.77 Mil. Eco Wave Power Global AB's average total tangible assets for the quarter that ended in Mar. 2026 was $7.64 Mil. Therefore, Eco Wave Power Global AB's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -36.27%.
The historical rank and industry rank for Eco Wave Power Global AB's Return-on-Tangible-Asset or its related term are showing as below:
WAVE'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -58.58 Med: -20.31 Max: -14.94
Current: -44.71
During the past 9 years, Eco Wave Power Global AB's highest Return-on-Tangible-Asset was -14.94%. The lowest was -58.58%. And the median was -20.31%.
WAVE's Return-on-Tangible-Asset is ranked worse than 95.1% of 449
companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.29
vs WAVE: -44.71
Eco Wave Power Global AB (NAS:WAVE) Return-on-Tangible-Asset Explanation
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.
Eco Wave Power Global AB Return-on-Tangible-Asset Related Terms
Eco Wave Power Global AB Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Eco Wave Power Global AB'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.
Eco Wave Power Global AB Return-on-Tangible-Asset Chart
WAVE vs NXXT, AGIG, STEM: Return-on-Tangible-Asset Comparison
For the Utilities - Renewable subindustry, Eco Wave Power Global AB'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.
Eco Wave Power Global AB Return-on-Tangible-Asset vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Eco Wave Power Global AB's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Eco Wave Power Global AB'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 -36.27% mean?
Eco Wave Power Global AB (WAVE) has a Return-on-Tangible-Asset of -36.27% 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 Eco Wave Power Global AB and its competitors. According to the industry distribution chart, Eco Wave Power Global AB ranks #427 out of 449 companies in the Utilities - Independent Power Producers industry, placing it in the top 95.1%.
Is Eco Wave Power Global AB's Return-on-Tangible-Asset too high?
Eco Wave Power Global AB's current Return-on-Tangible-Asset is -36.27%. Based on the distribution chart, Eco Wave Power Global AB ranks #427 out of 449 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Eco Wave Power Global AB has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Eco Wave Power Global AB's Return-on-Tangible-Asset compare to NXXT and AGIG?
According to the Utilities - Independent Power Producers industry distribution chart, Eco Wave Power Global AB ranks #427 out of 449 companies for Return-on-Tangible-Asset. This places Eco Wave Power Global AB in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.29. 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 an Utilities - Independent Power Producers company?
The median Return-on-Tangible-Asset among Utilities - Independent Power Producers companies is 1.29, based on 449 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. 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 Eco Wave Power Global AB and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Asset is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eco Wave Power Global AB's current Return-on-Tangible-Asset is -36.27%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eco Wave Power Global AB stock overvalued right now?
Based on GuruFocus' analysis, Eco Wave Power Global AB (WAVE) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.51, compared to a current price of $8.81 — trading 483.4% above its estimated fair value. The current Return-on-Tangible-Asset is -36.27%. Eco Wave Power Global AB's overall GF Score™ is 40/100 with 4 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 Eco Wave Power Global AB (WAVE), the current Return-on-Tangible-Asset is -36.27% 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 Eco Wave Power Global AB (WAVE) Overvalued in 2026?
Based on GuruFocus' analysis, Eco Wave Power Global AB stock appears to be overvalued.
The current stock price of $8.81 is trading 483.4% above its estimated GF Value™ of $1.51.
GuruFocus considers Eco Wave Power Global AB to be Significantly Overvalued.
Key valuation signals for WAVE:
Return-on-Tangible-Asset: -36.27%
GF Value™: $1.51 vs. price of $8.81 (483.4% above fair value)
No single metric tells the full story. See the WAVE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eco Wave Power Global AB is a Sweden-based wave energy company engaged in the development of a smart and cost-efficient wave energy conversion, or WEC, technology that converts ocean and sea waves into clean electricity. Its WEC technology employs units of point absorber floating devices, referred to as floaters, which are installed on existing marine structures such as piers, breakwaters, and jetties, or in locations in which such marine structures are required. Geographically, it has a presence in Israel, the USA, and Mexico.
40GF 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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