Space Hellas RATH:SPACE -0.29%84 Return-on-Tangible-Equity is 35.49% as of Dec. 2025, which is 71% above its 10-year median of 20.74. GuruFocus rates ATH:SPACE with a GF Score™ of 84/100 and a GF Value™ of €8.02 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 2,471 Software companies, Space Hellas R ranks better than 79.48% 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. Space Hellas R's annualized net income for the quarter that ended in Dec. 2025 was €2.6 Mil. Space Hellas R's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €7.3 Mil. Therefore, Space Hellas R's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 35.49%.
The historical rank and industry rank for Space Hellas R's Return-on-Tangible-Equity or its related term are showing as below:
ATH:SPACE'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.21 Med: 20.74 Max: 103.52
Current: 38.24
During the past 13 years, Space Hellas R's highest Return-on-Tangible-Equity was 103.52%. The lowest was 8.21%. And the median was 20.74%.
ATH:SPACE's Return-on-Tangible-Equity is ranked better than 79.48% of 2471
companies
in the Software industry
Industry Median: 8.77
vs ATH:SPACE: 38.24
Space Hellas R (ATH:SPACE) 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.
Space Hellas R Return-on-Tangible-Equity Related Terms
Space Hellas R Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Space Hellas R'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.
ATH:SPACE vs UBER, SHOP, CRM: Return-on-Tangible-Equity Comparison
For the Software - Application subindustry, Space Hellas R'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.
Space Hellas R Return-on-Tangible-Equity vs Software Industry
For the Software industry and Technology sector, Space Hellas R's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Space Hellas R'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 35.49% mean?
Space Hellas R (ATH:SPACE) has a Return-on-Tangible-Equity of 35.49% 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 Space Hellas R and its competitors. This is 71% above median its historical median of 20.74. Over the past decade, Space Hellas R's Return-on-Tangible-Equity has ranged from 8.21 to 103.52. According to the industry distribution chart, Space Hellas R ranks #507 out of 2471 companies in the Software industry, placing it in the top 20.5%.
Is Space Hellas R's Return-on-Tangible-Equity too high?
Space Hellas R's current Return-on-Tangible-Equity of 35.49% is 71% above median its 10-year median of 20.74. Over the past 10 years, this metric has ranged from a low of 8.21 to a high of 103.52. The Software industry median Return-on-Tangible-Equity is 8.77. Space Hellas R's value of 35.49% is 304.7% above this industry median. Based on the distribution chart, Space Hellas R ranks #507 out of 2471 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Space Hellas R has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Space Hellas R's Return-on-Tangible-Equity compare to UBER and SHOP?
According to the Software industry distribution chart, Space Hellas R ranks #507 out of 2471 companies for Return-on-Tangible-Equity. This places Space Hellas R in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.77. Space Hellas R's value of 35.49% is 304.7% above this benchmark. Historically, Space Hellas R's own Return-on-Tangible-Equity has ranged from 8.21 to 103.52 over the past decade. While the company's 10-year median is 20.74 vs. the industry median of 8.77, Space Hellas R 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 Software company?
The median Return-on-Tangible-Equity among Software companies is 8.77, based on 2,471 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. Space Hellas R's current Return-on-Tangible-Equity of 35.49% is 304.7% 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 Space Hellas R and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 8.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Space Hellas R's current Return-on-Tangible-Equity is 35.49%, which is 71% above median its own 10-year median of 20.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Space Hellas R stock overvalued right now?
Based on GuruFocus' analysis, Space Hellas R (ATH:SPACE) is currently considered Modestly Undervalued. The stock's GF Value™ is €8.02, compared to a current price of €6.96 — trading 13.2% below its estimated fair value. The current Return-on-Tangible-Equity is 35.49%, which is 71% above median its 10-year median of 20.74 and 304.7% above the Software industry median of 8.77. Space Hellas R's overall GF Score™ is 84/100 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 Space Hellas R (ATH:SPACE), the current Return-on-Tangible-Equity is 35.49% 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 Space Hellas R (ATH:SPACE) Overvalued in 2026?
Based on GuruFocus' analysis, Space Hellas R stock appears to be undervalued.
The current stock price of €6.96 is trading 13.2% below its estimated GF Value™ of €8.02.
GuruFocus considers Space Hellas R to be Modestly Undervalued.
Key valuation signals for ATH:SPACE:
Return-on-Tangible-Equity: 35.49% (71% above median its 10-year median of 20.74)
GF Value™: €8.02 vs. price of €6.96 (13.2% below fair value)
Industry Position: 304.7% above the Software median (#507 of 2471)
No single metric tells the full story. See the ATH:SPACE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Space Hellas R is principally engaged in the business of Telecommunications, IT, Security Systems & Services. The company has three main segments are namely Telecommunications, IT, Security Systems & Services. The company is based in Greece. Approximately 70% revenues derived from Telecommunications and IT sectors. Geographically it operates through the region of Greece. Approximately 70% revenues derived from Telecommunications and IT.
84GF Score
Get the complete analysis for ATH:SPACE
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