Fidelity European TrustCHIX:FEVL 50 Return-on-Tangible-Equity is 12.73% as of Dec. 2025, which is 16% below its 10-year median of 15.22. GuruFocus rates CHIX:FEVL with a GF Score™ of 50/100 and a GF Value™ of £3.64. The stock has 2 warning signs investors should review. Among 1,588 Asset Management companies, Fidelity European Trust ranks better than 70.65% 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. Fidelity European Trust's annualized net income for the quarter that ended in Dec. 2025 was £248.9 Mil. Fidelity European Trust's average shareholder tangible equity for the quarter that ended in Dec. 2025 was £1,954.5 Mil. Therefore, Fidelity European Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 12.73%.
The historical rank and industry rank for Fidelity European Trust's Return-on-Tangible-Equity or its related term are showing as below:
CHIX:FEVl'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -5.01 Med: 15.22 Max: 21.31
Current: 14.99
During the past 13 years, Fidelity European Trust's highest Return-on-Tangible-Equity was 21.31%. The lowest was -5.01%. And the median was 15.22%.
CHIX:FEVl's Return-on-Tangible-Equity is ranked better than 70.65% of 1588
companies
in the Asset Management industry
Industry Median: 7.19
vs CHIX:FEVl: 14.99
Fidelity European Trust (CHIX:FEVl) 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.
Fidelity European Trust Return-on-Tangible-Equity Related Terms
Fidelity European Trust Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Fidelity European Trust'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.
Fidelity European Trust Return-on-Tangible-Equity Chart
CHIX:FEVL vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Fidelity European Trust'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.
Fidelity European Trust Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Fidelity European Trust's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Fidelity European Trust'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 12.73% mean?
Fidelity European Trust (CHIX:FEVL) has a Return-on-Tangible-Equity of 12.73% 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 Fidelity European Trust and its competitors. This is 16% below median its historical median of 15.22. According to the industry distribution chart, Fidelity European Trust ranks #466 out of 1588 companies in the Asset Management industry, placing it in the top 29.3%.
Is Fidelity European Trust's Return-on-Tangible-Equity too high?
Fidelity European Trust's current Return-on-Tangible-Equity of 12.73% is 16% below median its 10-year median of 15.22. The Asset Management industry median Return-on-Tangible-Equity is 7.19. Fidelity European Trust's value of 12.73% is 77.1% above this industry median. Based on the distribution chart, Fidelity European Trust ranks #466 out of 1588 companies in the Asset Management industry, which is above the industry midpoint. Overall, Fidelity European Trust has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does Fidelity European Trust's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Fidelity European Trust ranks #466 out of 1588 companies for Return-on-Tangible-Equity. This puts Fidelity European Trust in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.19. Fidelity European Trust's value of 12.73% is 77.1% above this benchmark. While the company's 10-year median is 15.22 vs. the industry median of 7.19, Fidelity European Trust 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 an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.19, based on 1,588 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. Fidelity European Trust's current Return-on-Tangible-Equity of 12.73% is 77.1% 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 Fidelity European Trust and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fidelity European Trust's current Return-on-Tangible-Equity is 12.73%, which is 16% below median its own 10-year median of 15.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fidelity European Trust stock overvalued right now?
Fidelity European Trust (CHIX:FEVL) has a current Return-on-Tangible-Equity of 12.73%. The stock's GF Value™ is £3.64, compared to a current price of £3.50 — trading 4% below its estimated fair value. The current Return-on-Tangible-Equity is 12.73%, which is 16% below median its 10-year median of 15.22 and 77.1% above the Asset Management industry median of 7.19. Fidelity European Trust's overall GF Score™ is 50/100 with 2 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 Fidelity European Trust (CHIX:FEVL), the current Return-on-Tangible-Equity is 12.73% 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 Fidelity European Trust (CHIX:FEVL) Overvalued in 2026?
Based on GuruFocus' analysis, Fidelity European Trust stock appears to be undervalued.
The current stock price of £3.50 is trading 4% below its estimated GF Value™ of £3.64.
Key valuation signals for CHIX:FEVL:
Return-on-Tangible-Equity: 12.73% (16% below median its 10-year median of 15.22)
GF Value™: £3.64 vs. price of £3.50 (4% below fair value)
Industry Position: 77.1% above the Asset Management median (#466 of 1588)
No single metric tells the full story. See the CHIX:FEVL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fidelity European Trust PLC is an externally managed investment company. Its investment objective is to achieve long-term growth in both capital and income by predominantly investing in equities (and their related securities) of continental European companies.
50GF Score
Get the complete analysis for CHIX:FEVL
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
CHIX:FEVL has been successfully added to your 
