Mister Spex SE (CHIX:MRXD) Return-on-Tangible-Equity: -62.61% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

CHIX:MRXD Mister Spex SE CHIX:MRXD
52 GF Score
Price €5.00
GF Value €17.19
! 3 Warning Signs
View Full Analysis

What is Mister Spex SE Return-on-Tangible-Equity?

Mister Spex SE CHIX:MRXD 52 Return-on-Tangible-Equity is -62.61% as of Mar. 2026. GuruFocus rates CHIX:MRXD with a GF Score™ of 52/100 and a GF Value™ of €17.19. The stock has 3 warning signs investors should review. Among 1,059 Retail - Cyclical companies, Mister Spex SE ranks worse than 94.9% 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. Mister Spex SE's annualized net income for the quarter that ended in Mar. 2026 was €-25.9 Mil. Mister Spex SE's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €41.4 Mil. Therefore, Mister Spex SE's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -62.61%.

The historical rank and industry rank for Mister Spex SE's Return-on-Tangible-Equity or its related term are showing as below:

CHIX:MRXd' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -158.17   Med: -41.7   Max: -23.57
Current: -55.09

During the past 9 years, Mister Spex SE's highest Return-on-Tangible-Equity was -23.57%. The lowest was -158.17%. And the median was -41.70%.

CHIX:MRXd's Return-on-Tangible-Equity is ranked worse than
94.9% of 1059 companies
in the Retail - Cyclical industry
Industry Median: 8.45 vs CHIX:MRXd: -55.09

Mister Spex SE  (CHIX:MRXd) 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.


Mister Spex SE Return-on-Tangible-Equity Related Terms


Mister Spex SE Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Mister Spex SE'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.

Mister Spex SE Return-on-Tangible-Equity Chart

Mister Spex SE Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only -28.38 -23.57 -32.37 -87.26 -51.02

Mister Spex SE Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -43.73 -33.39 -36.17 -92.80 -62.61

CHIX:MRXD vs CASY, WSM, DKS: Return-on-Tangible-Equity Comparison

For the Specialty Retail subindustry, Mister Spex SE'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.


Mister Spex SE Return-on-Tangible-Equity vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Mister Spex SE's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Mister Spex SE's Return-on-Tangible-Equity falls into.


CHIX:MRXD
52GF Score
Mister Spex SE CHIX:MRXD
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mister Spex SE Return-on-Tangible-Equity Calculation

Mister Spex SE's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=-28.168/( (65.116+45.309 )/ 2 )
=-28.168/55.2125
=-51.02 %

Mister Spex SE's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=-25.912/( (45.309+37.469)/ 2 )
=-25.912/41.389
=-62.61 %

* 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 -62.61% mean?
Mister Spex SE (CHIX:MRXD) has a Return-on-Tangible-Equity of -62.61% 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 Mister Spex SE and its competitors. According to the industry distribution chart, Mister Spex SE ranks #1005 out of 1059 companies in the Retail - Cyclical industry, placing it in the top 94.9%.
Is Mister Spex SE's Return-on-Tangible-Equity too high?
Mister Spex SE's current Return-on-Tangible-Equity is -62.61%. Based on the distribution chart, Mister Spex SE ranks #1005 out of 1059 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Mister Spex SE has a GF Score™ of 52/100, reflecting its overall financial health beyond just this single metric.
How does Mister Spex SE's Return-on-Tangible-Equity compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Mister Spex SE ranks #1005 out of 1059 companies for Return-on-Tangible-Equity. This places Mister Spex SE in the lower half of its industry. The industry median Return-on-Tangible-Equity is 8.45. 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 - Cyclical company?
The median Return-on-Tangible-Equity among Retail - Cyclical companies is 8.45, based on 1,059 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 Mister Spex SE and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Equity is 8.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mister Spex SE's current Return-on-Tangible-Equity is -62.61%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mister Spex SE stock overvalued right now?
Mister Spex SE (CHIX:MRXD) has a current Return-on-Tangible-Equity of -62.61%. The stock's GF Value™ is €17.19, compared to a current price of €5.00 — trading 70.9% below its estimated fair value. The current Return-on-Tangible-Equity is -62.61%. Mister Spex SE's overall GF Score™ is 52/100 with 3 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 Mister Spex SE (CHIX:MRXD), the current Return-on-Tangible-Equity is -62.61% 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 Mister Spex SE (CHIX:MRXD) Overvalued in 2026?

Based on GuruFocus' analysis, Mister Spex SE stock appears to be undervalued. The current stock price of €5.00 is trading 70.9% below its estimated GF Value™ of €17.19.

Key valuation signals for CHIX:MRXD:

  • Return-on-Tangible-Equity: -62.61%
  • GF Value™: €17.19 vs. price of €5.00 (70.9% below fair value)
  • GF Score™: 52/100 with 3 warning signs

No single metric tells the full story. See the CHIX:MRXD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mister Spex SE Business Description

Other Exchanges 0A9V:UKMRX:Germany
Address Hermann-Blankenstein-Strasse 24, Berlin, DEU, 10249
Mister Spex SE is a retail brand in the eyewear market in Europe engaged in the business of online opticians. The company offers products and additional services such as eye examinations for glasses and new adaptations, and annual checks of contact lenses. It has a regional segment, which is German and international, and the majority of the revenue comes from Germany. The products of the company are Sunglasses, Prescription Sunglasses, and Contact Lenses.
52GF Score

Get the complete analysis for CHIX:MRXD

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€5.00
Price
€17.19
GF Value