SMCP (CHIX:SMCPP) Return-on-Tangible-Equity: Negative Tangible Equity% (As of Dec. 2025)


CHIX:SMCPP SMCP SA CHIX:SMCPP
61 GF Score
Price €5.24
GF Value €3.41
Valuation Significantly Overvalued
! 3 Warning Signs
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What is SMCP Return-on-Tangible-Equity?

SMCP CHIX:SMCPP 61 Return-on-Tangible-Equity is Negative Tangible Equity% as of Dec. 2025. GuruFocus rates CHIX:SMCPP with a GF Score™ of 61/100 and a GF Value™ of €3.41 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,056 Retail - Cyclical companies, SMCP ranks better than 99.91% 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. SMCP's annualized net income for the quarter that ended in Dec. 2025 was €11 Mil. SMCP's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €-96 Mil. Therefore, SMCP's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was Negative Tangible Equity%.

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

CHIX:SMCPp' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0   Med: 0   Max: 0
Current: Negative Tangible Equity

CHIX:SMCPp's Return-on-Tangible-Equity is ranked better than
99.91% of 1056 companies
in the Retail - Cyclical industry
Industry Median: 8.325 vs CHIX:SMCPp: Negative Tangible Equity

SMCP  (CHIX:SMCPp) 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.


SMCP Return-on-Tangible-Equity Related Terms


SMCP Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for SMCP'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.

SMCP Return-on-Tangible-Equity Chart

SMCP Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity 0.00 Negative Tangible Equity

SMCP Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 0.00 Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity

CHIX:SMCPP vs TJX, ROST, BURL: Return-on-Tangible-Equity Comparison

For the Apparel Retail subindustry, SMCP'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.


SMCP Return-on-Tangible-Equity vs Retail - Cyclical Industry

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

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


CHIX:SMCPP
61GF Score
SMCP SA CHIX:SMCPP
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SMCP Return-on-Tangible-Equity Calculation

SMCP'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 )
=16.6/( (-116.5+-84.5 )/ 2 )
=16.6/-100.5
=Negative Tangible Equity %

SMCP's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=11.2/( (-106.9+-84.5)/ 2 )
=11.2/-95.7
=Negative Tangible Equity %

* 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 Negative Tangible Equity% mean?
SMCP (CHIX:SMCPP) has a Return-on-Tangible-Equity of Negative Tangible Equity% 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 SMCP and its competitors. According to the industry distribution chart, SMCP ranks #1 out of 1056 companies in the Retail - Cyclical industry, placing it in the top 0.099999999999994%.
Is SMCP's Return-on-Tangible-Equity too high?
SMCP's current Return-on-Tangible-Equity is Negative Tangible Equity%. Based on the distribution chart, SMCP ranks #1 out of 1056 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, SMCP has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SMCP's Return-on-Tangible-Equity compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, SMCP ranks #1 out of 1056 companies for Return-on-Tangible-Equity. This places SMCP in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.33. 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 8.33, based on 1,056 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 SMCP and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Equity is 8.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SMCP'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 SMCP stock overvalued right now?
Based on GuruFocus' analysis, SMCP (CHIX:SMCPP) is currently considered Significantly Overvalued. The stock's GF Value™ is €3.41, compared to a current price of €5.24 — trading 53.7% above its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. SMCP's overall GF Score™ is 61/100 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 SMCP (CHIX:SMCPP), the current Return-on-Tangible-Equity is Negative Tangible Equity% 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 SMCP (CHIX:SMCPP) Overvalued in 2026?

Based on GuruFocus' analysis, SMCP stock appears to be overvalued. The current stock price of €5.24 is trading 53.7% above its estimated GF Value™ of €3.41. GuruFocus considers SMCP to be Significantly Overvalued.

Key valuation signals for CHIX:SMCPP:

  • Return-on-Tangible-Equity: Negative Tangible Equity%
  • GF Value™: €3.41 vs. price of €5.24 (53.7% above fair value)
  • GF Score™: 61/100 with 3 warning signs

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


SMCP Business Description

Address 49, Rue Etienne Marcel, Paris, FRA, 75001
SMCP SA is an international apparel and accessories retail group. The company's products include womenswear, menswear, and accessories, which are sold through a network of points of sale and websites under four brands: Sandro, Maje, Claudie Pierlot, and Fursac. It generates maximum revenue from the Sandro segment.
61GF Score

Get the complete analysis for CHIX:SMCPP

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

€5.24
Price
€3.41
GF Value