Smart ParkingASX:SPZ +2.50%90 Return-on-Tangible-Equity is 32.32% as of Dec. 2025, which is 355% above its 10-year median of 7.10. GuruFocus rates ASX:SPZ with a GF Score™ of 90/100 and a GF Value™ of A$1.13 (Modestly Undervalued). Among 1,704 Construction companies, Smart Parking ranks better than 79.87% 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. Smart Parking's annualized net income for the quarter that ended in Dec. 2025 was A$8.6 Mil. Smart Parking's average shareholder tangible equity for the quarter that ended in Dec. 2025 was A$26.5 Mil. Therefore, Smart Parking's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 32.32%.
The historical rank and industry rank for Smart Parking's Return-on-Tangible-Equity or its related term are showing as below:
ASX:SPZ'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -47.06 Med: 7.1 Max: 40.73
Current: 23.38
During the past 13 years, Smart Parking's highest Return-on-Tangible-Equity was 40.73%. The lowest was -47.06%. And the median was 7.10%.
ASX:SPZ's Return-on-Tangible-Equity is ranked better than 79.87% of 1704
companies
in the Construction industry
Industry Median: 8.245
vs ASX:SPZ: 23.38
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.
Smart Parking Return-on-Tangible-Equity Related Terms
Smart Parking Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Smart Parking'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.
For the Infrastructure Operations subindustry, Smart Parking'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.
Smart Parking Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, Smart Parking's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Smart Parking'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 32.32% mean?
Smart Parking (ASX:SPZ) has a Return-on-Tangible-Equity of 32.32% 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 Smart Parking and its competitors. This is 355% above median its historical median of 7.10. According to the industry distribution chart, Smart Parking ranks #343 out of 1704 companies in the Construction industry, placing it in the top 20.1%.
Is Smart Parking's Return-on-Tangible-Equity too high?
Smart Parking's current Return-on-Tangible-Equity of 32.32% is 355% above median its 10-year median of 7.10. The Construction industry median Return-on-Tangible-Equity is 8.25. Smart Parking's value of 32.32% is 292% above this industry median. Based on the distribution chart, Smart Parking ranks #343 out of 1704 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Smart Parking has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Smart Parking's Return-on-Tangible-Equity compare to competitors?
According to the Construction industry distribution chart, Smart Parking ranks #343 out of 1704 companies for Return-on-Tangible-Equity. This places Smart Parking in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.25. Smart Parking's value of 32.32% is 292% above this benchmark. While the company's 10-year median is 7.10 vs. the industry median of 8.25, Smart Parking 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 8.25, 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. Smart Parking's current Return-on-Tangible-Equity of 32.32% is 292% 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 Smart Parking and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smart Parking's current Return-on-Tangible-Equity is 32.32%, which is 355% above median its own 10-year median of 7.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smart Parking stock overvalued right now?
Based on GuruFocus' analysis, Smart Parking (ASX:SPZ) is currently considered Modestly Undervalued. The stock's GF Value™ is A$1.13, compared to a current price of A$0.82 — trading 27.4% below its estimated fair value. The current Return-on-Tangible-Equity is 32.32%, which is 355% above median its 10-year median of 7.10 and 292% above the Construction industry median of 8.25. Smart Parking's overall GF Score™ is 90/100. 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 Smart Parking (ASX:SPZ), the current Return-on-Tangible-Equity is 32.32% 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 Smart Parking (ASX:SPZ) Overvalued in 2026?
Based on GuruFocus' analysis, Smart Parking stock appears to be undervalued.
The current stock price of A$0.82 is trading 27.4% below its estimated GF Value™ of A$1.13.
GuruFocus considers Smart Parking to be Modestly Undervalued.
Key valuation signals for ASX:SPZ:
Return-on-Tangible-Equity: 32.32% (355% above median its 10-year median of 7.10)
GF Value™: A$1.13 vs. price of A$0.82 (27.4% below fair value)
Industry Position: 292% above the Construction median (#343 of 1704)
No single metric tells the full story. See the ASX:SPZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Smart Parking Ltd engages in the provision of design, development, and management of parking technology. It operates through three segments. The Technology segment consists of the sale of Smart City and IoT technology products and solutions predominantly to the parking market globally; the Parking Management segment, which is the key revenue driver, consists of the provision of car parking management services on behalf of third party car park owners and on sites leased by the company and managed on its own behalf in the UK; and Research and Development segment includes costs to research, develop and enhance software/hardware for both the Technology and Parking Management divisions. Geographically, it has presence in North America; UK and Europe; Asia, and Australia.
90GF Score
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