Are HoldingsAHHLF -6.35%85 Return-on-Tangible-Equity is 9.97% as of Mar. 2026, which is 36% below its 10-year median of 15.70. GuruFocus rates AHHLF with a GF Score™ of 85/100 and a GF Value™ of $30.32. The stock has 7 warning signs investors should review. Among 226 Waste Management companies, Are Holdings ranks better than 65.04% 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. Are Holdings's annualized net income for the quarter that ended in Mar. 2026 was $123 Mil. Are Holdings's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $1,232 Mil. Therefore, Are Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 9.97%.
The historical rank and industry rank for Are Holdings's Return-on-Tangible-Equity or its related term are showing as below:
AHHLF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -3.68 Med: 15.7 Max: 31.52
Current: 15.6
During the past 13 years, Are Holdings's highest Return-on-Tangible-Equity was 31.52%. The lowest was -3.68%. And the median was 15.70%.
AHHLF's Return-on-Tangible-Equity is ranked better than 65.04% of 226
companies
in the Waste Management industry
Industry Median: 9.14
vs AHHLF: 15.60
Are Holdings (OTCPK:AHHLF) 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.
Are Holdings Return-on-Tangible-Equity Related Terms
Are Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Are Holdings'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.
AHHLF vs WM, RSG, WCN: Return-on-Tangible-Equity Comparison
For the Waste Management subindustry, Are Holdings'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.
Are Holdings Return-on-Tangible-Equity vs Waste Management Industry
For the Waste Management industry and Industrials sector, Are Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Are Holdings'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 9.97% mean?
Are Holdings (AHHLF) has a Return-on-Tangible-Equity of 9.97% 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 Are Holdings and its competitors. This is 36% below median its historical median of 15.70. According to the industry distribution chart, Are Holdings ranks #79 out of 226 companies in the Waste Management industry, placing it in the top 35%.
Is Are Holdings' Return-on-Tangible-Equity too high?
Are Holdings' current Return-on-Tangible-Equity of 9.97% is 36% below median its 10-year median of 15.70. The Waste Management industry median Return-on-Tangible-Equity is 9.14. Are Holdings' value of 9.97% is 9.1% above this industry median. Based on the distribution chart, Are Holdings ranks #79 out of 226 companies in the Waste Management industry, which is above the industry midpoint. Overall, Are Holdings has a GF Score™ of 85/100, reflecting its overall financial health beyond just this single metric.
How does Are Holdings' Return-on-Tangible-Equity compare to WM and RSG?
According to the Waste Management industry distribution chart, Are Holdings ranks #79 out of 226 companies for Return-on-Tangible-Equity. This puts Are Holdings in the upper half of its industry. The industry median Return-on-Tangible-Equity is 9.14. Are Holdings' value of 9.97% is 9.1% above this benchmark. While the company's 10-year median is 15.70 vs. the industry median of 9.14, Are Holdings 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 Waste Management company?
The median Return-on-Tangible-Equity among Waste Management companies is 9.14, based on 226 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. Are Holdings's current Return-on-Tangible-Equity of 9.97% is 9.1% 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 Are Holdings and its competitors. For the Waste Management industry, the median Return-on-Tangible-Equity is 9.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Are Holdings's current Return-on-Tangible-Equity is 9.97%, which is 36% below median its own 10-year median of 15.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Are Holdings stock overvalued right now?
Are Holdings (AHHLF) has a current Return-on-Tangible-Equity of 9.97%. The stock's GF Value™ is $30.32, compared to a current price of $23.55 — trading 22.3% below its estimated fair value. The current Return-on-Tangible-Equity is 9.97%, which is 36% below median its 10-year median of 15.70 and 9.1% above the Waste Management industry median of 9.14. Are Holdings' overall GF Score™ is 85/100 with 7 warning signs 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 Are Holdings (AHHLF), the current Return-on-Tangible-Equity is 9.97% 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 Are Holdings (AHHLF) Overvalued in 2026?
Based on GuruFocus' analysis, Are Holdings stock appears to be undervalued.
The current stock price of $23.55 is trading 22.3% below its estimated GF Value™ of $30.32.
Key valuation signals for AHHLF:
Return-on-Tangible-Equity: 9.97% (36% below median its 10-year median of 15.70)
GF Value™: $30.32 vs. price of $23.55 (22.3% below fair value)
Industry Position: 9.1% above the Waste Management median (#79 of 226)
No single metric tells the full story. See the AHHLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Are Holdings Inc formerly Asahi Holdings Inc is operative in the Japanese waste management industry. The company's principal interest lies in the precious metals recycling activities. This segment deals with the recycling and sale of precious metals and rare metals, including gold, silver, palladium, platinum, and indium, which are refined from precious metal-containing scraps inclusive of electronic materials, dental materials, jewelry manufacture and automobile catalysts. Asahi's secondary line of business is responsible for the collection, transportation and intermediate treatment of industrial wastes, such as waste acids, waste alkalis, waste oil, sludge, waste drugs and infectious medical wastes.
85GF Score
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