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Amer SportsAS +2.55%68 Return-on-Tangible-Equity is 23.66% as of Jun. 2026, which is 73% below its 10-year median of 88.75. GuruFocus rates AS with a GF Score™ of 68/100 and a GF Value™ of $37.34 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 791 Travel & Leisure companies, Amer Sports ranks better than 83.57% 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. Amer Sports's annualized net income for the quarter that ended in Jun. 2026 was $429 Mil. Amer Sports's average shareholder tangible equity for the quarter that ended in Jun. 2026 was $1,796 Mil. Therefore, Amer Sports's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 23.88%.
The historical rank and industry rank for Amer Sports's Return-on-Tangible-Equity or its related term are showing as below:
AS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 51.62 Med: 88.75 Max: 88.75
Current: 51.62
During the past 6 years, Amer Sports's highest Return-on-Tangible-Equity was 88.75%. The lowest was 51.62%. And the median was 88.75%.
AS's Return-on-Tangible-Equity is ranked better than 83.57% of 791
companies
in the Travel & Leisure industry
Industry Median: 7.34
vs AS: 51.62
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.
Amer Sports Return-on-Tangible-Equity Related Terms
Amer Sports Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Amer Sports'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.
AS vs HAS, LTH, GOLF: Return-on-Tangible-Equity Comparison
For the Leisure subindustry, Amer Sports'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.
Amer Sports Return-on-Tangible-Equity vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Amer Sports's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Amer Sports'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 (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 23.66% mean?
Amer Sports (AS) has a Return-on-Tangible-Equity of 23.66% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Amer Sports and its competitors. This is 73% below median its historical median of 88.75. Over the past decade, Amer Sports' Return-on-Tangible-Equity has ranged from 51.62 to 88.75. According to the industry distribution chart, Amer Sports ranks #130 out of 791 companies in the Travel & Leisure industry, placing it in the top 16.4%.
Is Amer Sports' Return-on-Tangible-Equity too high?
Amer Sports' current Return-on-Tangible-Equity of 23.66% is 73% below median its 10-year median of 88.75. Over the past 10 years, this metric has ranged from a low of 51.62 to a high of 88.75. The Travel & Leisure industry median Return-on-Tangible-Equity is 7.34. Amer Sports' value of 23.66% is 222.3% above this industry median. Based on the distribution chart, Amer Sports ranks #130 out of 791 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Amer Sports has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Amer Sports' Return-on-Tangible-Equity compare to HAS and LTH?
According to the Travel & Leisure industry distribution chart, Amer Sports ranks #130 out of 791 companies for Return-on-Tangible-Equity. This places Amer Sports in the top 16% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.34. Amer Sports' value of 23.66% is 222.3% above this benchmark. Historically, Amer Sports' own Return-on-Tangible-Equity has ranged from 51.62 to 88.75 over the past decade. While the company's 10-year median is 88.75 vs. the industry median of 7.34, Amer Sports 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 Travel & Leisure company?
The median Return-on-Tangible-Equity among Travel & Leisure companies is 7.34, based on 791 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. Amer Sports's current Return-on-Tangible-Equity of 23.66% is 222.3% 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 Amer Sports and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Equity is 7.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Amer Sports's current Return-on-Tangible-Equity is 23.66%, which is 73% below median its own 10-year median of 88.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Amer Sports stock overvalued right now?
Based on GuruFocus' analysis, Amer Sports (AS) is currently considered Modestly Undervalued. The stock's GF Value™ is $37.34, compared to a current price of $26.94 — trading 27.9% below its estimated fair value. The current Return-on-Tangible-Equity is 23.66%, which is 73% below median its 10-year median of 88.75 and 222.3% above the Travel & Leisure industry median of 7.34. Amer Sports' overall GF Score™ is 68/100 with 1 warning sign 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 Amer Sports (AS), the current Return-on-Tangible-Equity is 23.66% as of Jun. 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 Amer Sports (AS) Overvalued in 2026?
Based on GuruFocus' analysis, Amer Sports stock appears to be undervalued.
The current stock price of $26.94 is trading 27.9% below its estimated GF Value™ of $37.34.
GuruFocus considers Amer Sports to be Modestly Undervalued.
Key valuation signals for AS:
Return-on-Tangible-Equity: 23.66% (73% below median its 10-year median of 88.75)
GF Value™: $37.34 vs. price of $26.94 (27.9% below fair value)
Industry Position: 222.3% above the Travel & Leisure median (#130 of 791)
No single metric tells the full story. See the AS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Amer Sports manages a diverse portfolio of 10 outdoor and action sports brands that collectively generated revenue of $6.6 billion in 2025. Although primarily owned by the Chinese conglomerate Anta Sports, Amer operates with a degree of autonomy. In its rapidly expanding China business, the company is subject to closer oversight, but it manages its operations outside of China with relative independence. In 2025, the firm generated 32% of its revenue from the Americas, 28% from Europe, the Middle East, and Africa, 28% from China, and 12% from the Asia-Pacific, excluding China.
68GF Score
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