Axfood ABCHIX:AXFOS 87 Return-on-Tangible-Equity is Negative Tangible Equity% as of Mar. 2026. GuruFocus rates CHIX:AXFOS with a GF Score™ of 87/100 and a GF Value™ of kr293.68 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 298 Retail - Defensive companies, Axfood AB ranks better than 99.66% 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. Axfood AB's annualized net income for the quarter that ended in Mar. 2026 was kr2,092 Mil. Axfood AB's average shareholder tangible equity for the quarter that ended in Mar. 2026 was kr-457 Mil. Therefore, Axfood AB's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was Negative Tangible Equity%.
The historical rank and industry rank for Axfood AB's Return-on-Tangible-Equity or its related term are showing as below:
CHIX:AXFOs'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 80.91 Med: 249.75 Max: 6982.09
Current: Negative Tangible Equity
During the past 13 years, Axfood AB's highest Return-on-Tangible-Equity was 6,982.09%. The lowest was 80.91%. And the median was 249.75%.
CHIX:AXFOs's Return-on-Tangible-Equity is ranked better than 99.66% of 298
companies
in the Retail - Defensive industry
Industry Median: 11.085
vs CHIX:AXFOs: Negative Tangible Equity
Axfood AB (CHIX:AXFOs) 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.
Axfood AB Return-on-Tangible-Equity Related Terms
Axfood AB Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Axfood AB'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.
CHIX:AXFOS vs KR, SFM: Return-on-Tangible-Equity Comparison
For the Grocery Stores subindustry, Axfood AB'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.
Axfood AB Return-on-Tangible-Equity vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Axfood AB's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Axfood AB'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 (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of Negative Tangible Equity% mean?
Axfood AB (CHIX:AXFOS) has a Return-on-Tangible-Equity of Negative Tangible Equity% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Axfood AB and its competitors. Over the past decade, Axfood AB's Return-on-Tangible-Equity has ranged from 80.91 to 6,982.09. According to the industry distribution chart, Axfood AB ranks #1 out of 298 companies in the Retail - Defensive industry, placing it in the top 0.3%.
Is Axfood AB's Return-on-Tangible-Equity too high?
Axfood AB's current Return-on-Tangible-Equity is Negative Tangible Equity%. Over the past 10 years, this metric has ranged from a low of 80.91 to a high of 6,982.09. Based on the distribution chart, Axfood AB ranks #1 out of 298 companies in the Retail - Defensive industry, which is in the top quartile — a strong position relative to peers. Overall, Axfood AB has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Axfood AB's Return-on-Tangible-Equity compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Axfood AB ranks #1 out of 298 companies for Return-on-Tangible-Equity. This places Axfood AB in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 11.09. Historically, Axfood AB's own Return-on-Tangible-Equity has ranged from 80.91 to 6,982.09 over the past decade. 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 Retail - Defensive company?
The median Return-on-Tangible-Equity among Retail - Defensive companies is 11.09, based on 298 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 Axfood AB and its competitors. For the Retail - Defensive industry, the median Return-on-Tangible-Equity is 11.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Axfood AB's current Return-on-Tangible-Equity is Negative Tangible Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Axfood AB stock overvalued right now?
Based on GuruFocus' analysis, Axfood AB (CHIX:AXFOS) is currently considered Modestly Undervalued. The stock's GF Value™ is kr293.68, compared to a current price of kr259.60 — trading 11.6% below its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Axfood AB's overall GF Score™ is 87/100 with 5 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 Axfood AB (CHIX:AXFOS), the current Return-on-Tangible-Equity is Negative Tangible Equity% as of Mar. 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 Axfood AB (CHIX:AXFOS) Overvalued in 2026?
Based on GuruFocus' analysis, Axfood AB stock appears to be undervalued.
The current stock price of kr259.60 is trading 11.6% below its estimated GF Value™ of kr293.68.
GuruFocus considers Axfood AB to be Modestly Undervalued.
No single metric tells the full story. See the CHIX:AXFOS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Axfood AB operates food retail and wholesale businesses in Sweden. The company operates various food retail grocery chains, discount stores, hypermarkets, restaurants, cafes, and pharmacies through different brands. The company's operating segments include Willys, Hemkop, Dagab, City Gross, and Snabbgross. A majority of its revenue is generated from the Willys segment, which is a discount grocery chain, offering various products in both group-owned stores and online. This segment also includes the partly owned cross-border grocery chain Eurocash.
87GF Score
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