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Black Spade Acquisition III CoBIII 8 Return-on-Tangible-Equity is 0.00% as of Dec. 2025. GuruFocus rates BIII with a GF Score™ of 8/100. Among 478 Diversified Financial Services companies, Black Spade Acquisition III Co ranks worse than 209204.81% on this metric.
The historical rank and industry rank for Black Spade Acquisition III Co's Return-on-Tangible-Equity or its related term are showing as below:
BIII's Return-on-Tangible-Equity is not ranked *
in the Diversified Financial Services industry.
Industry Median: 1.645 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
Black Spade Acquisition III Co (NYSE:BIII) 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.
Black Spade Acquisition III Co Return-on-Tangible-Equity Related Terms
Black Spade Acquisition III Co Return-on-Tangible-Equity Historical Data
* 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.
Black Spade Acquisition III Co Return-on-Tangible-Equity Chart
Black Spade Acquisition III Co Annual Data
Trend
Dec25
Return-on-Tangible-Equity
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Black Spade Acquisition III Co Semi-Annual Data
Dec25
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BIII vs SVCC, TVIV, IRAB: Return-on-Tangible-Equity Comparison
For the Shell Companies subindustry, Black Spade Acquisition III Co'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.
Black Spade Acquisition III Co Return-on-Tangible-Equity vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Black Spade Acquisition III Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Black Spade Acquisition III Co'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 one times the 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 0.00% mean?
Black Spade Acquisition III Co (BIII) has a Return-on-Tangible-Equity of 0.00% 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 Black Spade Acquisition III Co and its competitors. According to the industry distribution chart, Black Spade Acquisition III Co ranks #999999 out of 478 companies in the Diversified Financial Services industry.
Is Black Spade Acquisition III Co's Return-on-Tangible-Equity too high?
Black Spade Acquisition III Co's current Return-on-Tangible-Equity is 0.00%. Based on the distribution chart, Black Spade Acquisition III Co ranks #999999 out of 478 companies in the Diversified Financial Services industry, which is in the bottom quartile relative to peers. Overall, Black Spade Acquisition III Co has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Black Spade Acquisition III Co's Return-on-Tangible-Equity compare to SVCC and TVIV?
According to the Diversified Financial Services industry distribution chart, Black Spade Acquisition III Co ranks #999999 out of 478 companies for Return-on-Tangible-Equity. This places Black Spade Acquisition III Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 1.65. 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 Diversified Financial Services company?
The median Return-on-Tangible-Equity among Diversified Financial Services companies is 1.65, based on 478 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 Black Spade Acquisition III Co and its competitors. For the Diversified Financial Services industry, the median Return-on-Tangible-Equity is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Black Spade Acquisition III Co'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 Black Spade Acquisition III Co stock overvalued right now?
Black Spade Acquisition III Co (BIII) has a current Return-on-Tangible-Equity of 0.00%. The current Return-on-Tangible-Equity is 0.00%. Black Spade Acquisition III Co's overall GF Score™ is 8/100. 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 Black Spade Acquisition III Co (BIII), the current Return-on-Tangible-Equity is 0.00% 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.
Black Spade Acquisition III Co Business Description
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