Alta Equipment GroupALTG +1.81%74 Return-on-Tangible-Equity is 0.00% as of Mar. 2026. GuruFocus rates ALTG with a GF Score™ of 74/100 and a GF Value™ of $7.55 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,009 Business Services companies, Alta Equipment Group ranks worse than 99107.93% 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. Alta Equipment Group's annualized net income for the quarter that ended in Mar. 2026 was $-78 Mil. Alta Equipment Group's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $-143 Mil. Therefore, Alta Equipment Group's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was N/A%.
The historical rank and industry rank for Alta Equipment Group's Return-on-Tangible-Equity or its related term are showing as below:
During the past 9 years, Alta Equipment Group's highest Return-on-Tangible-Equity was 107.23%. The lowest was -26.72%. And the median was 0.01%.
ALTG's Return-on-Tangible-Equity is not ranked *
in the Business Services industry.
Industry Median: 10.56 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
Alta Equipment Group (NYSE:ALTG) 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.
Alta Equipment Group Return-on-Tangible-Equity Related Terms
Alta Equipment Group Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Alta Equipment Group'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.
Alta Equipment Group Return-on-Tangible-Equity Chart
ALTG vs MWG, AIHS, AITX: Return-on-Tangible-Equity Comparison
For the Rental & Leasing Services subindustry, Alta Equipment Group'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.
Alta Equipment Group Return-on-Tangible-Equity vs Business Services Industry
For the Business Services industry and Industrials sector, Alta Equipment Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Alta Equipment Group'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 0.00% mean?
Alta Equipment Group (ALTG) has a Return-on-Tangible-Equity of 0.00% 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 Alta Equipment Group and its competitors. According to the industry distribution chart, Alta Equipment Group ranks #999999 out of 1009 companies in the Business Services industry.
Is Alta Equipment Group's Return-on-Tangible-Equity too high?
Alta Equipment Group's current Return-on-Tangible-Equity is 0.00%. Based on the distribution chart, Alta Equipment Group ranks #999999 out of 1009 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Alta Equipment Group has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Alta Equipment Group's Return-on-Tangible-Equity compare to MWG and AIHS?
According to the Business Services industry distribution chart, Alta Equipment Group ranks #999999 out of 1009 companies for Return-on-Tangible-Equity. This places Alta Equipment Group in the lower half of its industry. The industry median Return-on-Tangible-Equity is 10.56. 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 Business Services company?
The median Return-on-Tangible-Equity among Business Services companies is 10.56, based on 1,009 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. 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 Alta Equipment Group and its competitors. For the Business Services industry, the median Return-on-Tangible-Equity is 10.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alta Equipment Group's current Return-on-Tangible-Equity is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alta Equipment Group stock overvalued right now?
Based on GuruFocus' analysis, Alta Equipment Group (ALTG) is currently considered Modestly Undervalued. The stock's GF Value™ is $7.55, compared to a current price of $6.19 — trading 18% below its estimated fair value. The current Return-on-Tangible-Equity is 0.00%. Alta Equipment Group's overall GF Score™ is 74/100 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 Alta Equipment Group (ALTG), the current Return-on-Tangible-Equity is 0.00% 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 Alta Equipment Group (ALTG) Overvalued in 2026?
Based on GuruFocus' analysis, Alta Equipment Group stock appears to be undervalued.
The current stock price of $6.19 is trading 18% below its estimated GF Value™ of $7.55.
GuruFocus considers Alta Equipment Group to be Modestly Undervalued.
Key valuation signals for ALTG:
Return-on-Tangible-Equity: 0.00%
GF Value™: $7.55 vs. price of $6.19 (18% below fair value)
No single metric tells the full story. See the ALTG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alta Equipment Group Inc is an integrated equipment dealership platform in the U.S. Its segments are Material Handling, Construction Equipment, and Master Distribution. The Material Handling segment is engaged in operations related to the sale, service, and rental of lift trucks in Michigan, Illinois, Indiana, New York, Virginia, and throughout the New England states whereas, the Construction Equipment segment is principally engaged in operations related to the sale, service, and rental of construction equipment in Michigan, Indiana, Illinois, Ohio, Pennsylvania, New York, Florida and throughout the New England States, and The Master Distribution segment is engaged in environmental processing equipment distribution with sub dealers throughout the United States and Canada.
74GF Score
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