SHAPE AustraliaASX:SHA +1.37%44 Return-on-Tangible-Equity is 182.73% as of Dec. 2025, which is 104% above its 10-year median of 89.41. GuruFocus rates ASX:SHA with a GF Score™ of 44/100 and a GF Value™ of A$3.58 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,704 Construction companies, SHAPE Australia ranks better than 93.08% 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. SHAPE Australia's annualized net income for the quarter that ended in Dec. 2025 was A$28 Mil. SHAPE Australia's average shareholder tangible equity for the quarter that ended in Dec. 2025 was A$15 Mil. Therefore, SHAPE Australia's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 182.73%.
The historical rank and industry rank for SHAPE Australia's Return-on-Tangible-Equity or its related term are showing as below:
ASX:SHA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 44.67 Med: 89.41 Max: 145.38
Current: 145.38
During the past 5 years, SHAPE Australia's highest Return-on-Tangible-Equity was 145.38%. The lowest was 44.67%. And the median was 89.41%.
ASX:SHA's Return-on-Tangible-Equity is ranked better than 93.08% of 1704
companies
in the Construction industry
Industry Median: 8.22
vs ASX:SHA: 145.38
SHAPE Australia (ASX:SHA) 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.
SHAPE Australia Return-on-Tangible-Equity Related Terms
SHAPE Australia Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for SHAPE Australia'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.
ASX:SHA vs PWR, FIX, EME: Return-on-Tangible-Equity Comparison
For the Engineering & Construction subindustry, SHAPE Australia'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.
SHAPE Australia Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, SHAPE Australia's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where SHAPE Australia'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 two times the semi-annual (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 182.73% mean?
SHAPE Australia (ASX:SHA) has a Return-on-Tangible-Equity of 182.73% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on SHAPE Australia and its competitors. This is 104% above median its historical median of 89.41. Over the past decade, SHAPE Australia's Return-on-Tangible-Equity has ranged from 44.67 to 145.38. According to the industry distribution chart, SHAPE Australia ranks #118 out of 1704 companies in the Construction industry, placing it in the top 6.9%.
Is SHAPE Australia's Return-on-Tangible-Equity too high?
SHAPE Australia's current Return-on-Tangible-Equity of 182.73% is 104% above median its 10-year median of 89.41. Over the past 10 years, this metric has ranged from a low of 44.67 to a high of 145.38. The Construction industry median Return-on-Tangible-Equity is 8.22. SHAPE Australia's value of 182.73% is 2123% above this industry median. Based on the distribution chart, SHAPE Australia ranks #118 out of 1704 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, SHAPE Australia has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SHAPE Australia's Return-on-Tangible-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, SHAPE Australia ranks #118 out of 1704 companies for Return-on-Tangible-Equity. This places SHAPE Australia in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.22. SHAPE Australia's value of 182.73% is 2123% above this benchmark. Historically, SHAPE Australia's own Return-on-Tangible-Equity has ranged from 44.67 to 145.38 over the past decade. While the company's 10-year median is 89.41 vs. the industry median of 8.22, SHAPE Australia 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 Construction company?
The median Return-on-Tangible-Equity among Construction companies is 8.22, based on 1,704 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. SHAPE Australia's current Return-on-Tangible-Equity of 182.73% is 2123% 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 SHAPE Australia and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SHAPE Australia's current Return-on-Tangible-Equity is 182.73%, which is 104% above median its own 10-year median of 89.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SHAPE Australia stock overvalued right now?
Based on GuruFocus' analysis, SHAPE Australia (ASX:SHA) is currently considered Significantly Overvalued. The stock's GF Value™ is A$3.58, compared to a current price of A$6.68 — trading 86.6% above its estimated fair value. The current Return-on-Tangible-Equity is 182.73%, which is 104% above median its 10-year median of 89.41 and 2123% above the Construction industry median of 8.22. SHAPE Australia's overall GF Score™ is 44/100 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 SHAPE Australia (ASX:SHA), the current Return-on-Tangible-Equity is 182.73% as of Dec. 2025. 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 SHAPE Australia (ASX:SHA) Overvalued in 2026?
Based on GuruFocus' analysis, SHAPE Australia stock appears to be overvalued.
The current stock price of A$6.68 is trading 86.6% above its estimated GF Value™ of A$3.58.
GuruFocus considers SHAPE Australia to be Significantly Overvalued.
Key valuation signals for ASX:SHA:
Return-on-Tangible-Equity: 182.73% (104% above median its 10-year median of 89.41)
GF Value™: A$3.58 vs. price of A$6.68 (86.6% above fair value)
Industry Position: 2123% above the Construction median (#118 of 1704)
No single metric tells the full story. See the ASX:SHA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SHAPE Australia Corp Ltd is a specialist building contractor and construction manager, focused on commercial fit-out and refurbishments, with select capabilities in the new build.
44GF Score
Get the complete analysis for ASX:SHA
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:SHA has been successfully added to your 
