Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Kitron ASACHIX:KITO 91 Return-on-Tangible-Equity is 48.38% as of Jun. 2026, which is 121% above its 10-year median of 21.93. GuruFocus rates CHIX:KITO with a GF Score™ of 91/100 and a GF Value™ of kr64.38 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,385 Hardware companies, Kitron ASA ranks better than 94.09% 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. Kitron ASA's annualized net income for the quarter that ended in Jun. 2026 was kr945 Mil. Kitron ASA's average shareholder tangible equity for the quarter that ended in Jun. 2026 was kr1,953 Mil. Therefore, Kitron ASA's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 48.38%.
The historical rank and industry rank for Kitron ASA's Return-on-Tangible-Equity or its related term are showing as below:
CHIX:KITo'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 14.2 Med: 21.93 Max: 58.98
Current: 38.27
During the past 13 years, Kitron ASA's highest Return-on-Tangible-Equity was 58.98%. The lowest was 14.20%. And the median was 21.93%.
CHIX:KITo's Return-on-Tangible-Equity is ranked better than 94.09% of 2385
companies
in the Hardware industry
Industry Median: 5.32
vs CHIX:KITo: 38.27
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.
Kitron ASA Return-on-Tangible-Equity Related Terms
Kitron ASA Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Kitron ASA'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:KITO vs APH, GLW, TEL: Return-on-Tangible-Equity Comparison
For the Electronic Components subindustry, Kitron ASA'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.
Kitron ASA Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Kitron ASA's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Kitron ASA'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 (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 48.38% mean?
Kitron ASA (CHIX:KITO) has a Return-on-Tangible-Equity of 48.38% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Kitron ASA and its competitors. This is 121% above median its historical median of 21.93. Over the past decade, Kitron ASA's Return-on-Tangible-Equity has ranged from 14.20 to 58.98. According to the industry distribution chart, Kitron ASA ranks #141 out of 2385 companies in the Hardware industry, placing it in the top 5.9%.
Is Kitron ASA's Return-on-Tangible-Equity too high?
Kitron ASA's current Return-on-Tangible-Equity of 48.38% is 121% above median its 10-year median of 21.93. Over the past 10 years, this metric has ranged from a low of 14.20 to a high of 58.98. The Hardware industry median Return-on-Tangible-Equity is 5.32. Kitron ASA's value of 48.38% is 809.4% above this industry median. Based on the distribution chart, Kitron ASA ranks #141 out of 2385 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Kitron ASA has a GF Score™ of 91/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kitron ASA's Return-on-Tangible-Equity compare to APH and GLW?
According to the Hardware industry distribution chart, Kitron ASA ranks #141 out of 2385 companies for Return-on-Tangible-Equity. This places Kitron ASA in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.32. Kitron ASA's value of 48.38% is 809.4% above this benchmark. Historically, Kitron ASA's own Return-on-Tangible-Equity has ranged from 14.20 to 58.98 over the past decade. While the company's 10-year median is 21.93 vs. the industry median of 5.32, Kitron ASA 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 Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.32, based on 2,385 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. Kitron ASA's current Return-on-Tangible-Equity of 48.38% is 809.4% 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 Kitron ASA and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kitron ASA's current Return-on-Tangible-Equity is 48.38%, which is 121% above median its own 10-year median of 21.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kitron ASA stock overvalued right now?
Based on GuruFocus' analysis, Kitron ASA (CHIX:KITO) is currently considered Significantly Overvalued. The stock's GF Value™ is kr64.38, compared to a current price of kr105.20 — trading 63.4% above its estimated fair value. The current Return-on-Tangible-Equity is 48.38%, which is 121% above median its 10-year median of 21.93 and 809.4% above the Hardware industry median of 5.32. Kitron ASA's overall GF Score™ is 91/100 with 1 warning sign 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 Kitron ASA (CHIX:KITO), the current Return-on-Tangible-Equity is 48.38% as of Jun. 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 Kitron ASA (CHIX:KITO) Overvalued in 2026?
Based on GuruFocus' analysis, Kitron ASA stock appears to be overvalued.
The current stock price of kr105.20 is trading 63.4% above its estimated GF Value™ of kr64.38.
GuruFocus considers Kitron ASA to be Significantly Overvalued.
Key valuation signals for CHIX:KITO:
Return-on-Tangible-Equity: 48.38% (121% above median its 10-year median of 21.93)
GF Value™: kr64.38 vs. price of kr105.20 (63.4% above fair value)
Industry Position: 809.4% above the Hardware median (#141 of 2385)
No single metric tells the full story. See the CHIX:KITO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kitron ASA is an electronics manufacturing service company. It manufactures products that are embedded in the customers' products and box-built electronic products. The company provides a high-level assembly of complex electromechanical products and also provides various other services within development, industrialization, supply chain management, logistics, and aftermarket services. Geographically, the company in Norway, Nordics & U.S (excluding Norway) , CEE, Asia, and Other. It derives maximum revenue from Nordics & U.S (excluding Norway. It serves Defense/Aerospace, Energy/Telecoms, Industry, Medical Devices, and Offshore/Marine markets.
91GF Score
Get the complete analysis for CHIX:KITO
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:KITO has been successfully added to your 
