Tryg ASCHIX:TRYGC 73 Return-on-Tangible-Equity is 48.13% as of Mar. 2026, which is 36% above its 10-year median of 35.31. GuruFocus rates CHIX:TRYGC with a GF Score™ of 73/100 and a GF Value™ of kr161.33 (Fairly Valued). The stock has 2 warning signs investors should review. Among 499 Insurance companies, Tryg AS ranks better than 93.79% 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. Tryg AS's annualized net income for the quarter that ended in Mar. 2026 was kr3,740 Mil. Tryg AS's average shareholder tangible equity for the quarter that ended in Mar. 2026 was kr7,771 Mil. Therefore, Tryg AS's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 48.13%.
The historical rank and industry rank for Tryg AS's Return-on-Tangible-Equity or its related term are showing as below:
CHIX:TRYGc'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.68 Med: 35.31 Max: 70.05
Current: 70.05
During the past 13 years, Tryg AS's highest Return-on-Tangible-Equity was 70.05%. The lowest was 8.68%. And the median was 35.31%.
CHIX:TRYGc's Return-on-Tangible-Equity is ranked better than 93.79% of 499
companies
in the Insurance industry
Industry Median: 13.32
vs CHIX:TRYGc: 70.05
Tryg AS (CHIX:TRYGc) 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.
Tryg AS Return-on-Tangible-Equity Related Terms
Tryg AS Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Tryg AS'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:TRYGC vs BRK.A, AIG, HIG: Return-on-Tangible-Equity Comparison
For the Insurance - Diversified subindustry, Tryg AS'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.
Tryg AS Return-on-Tangible-Equity vs Insurance Industry
For the Insurance industry and Financial Services sector, Tryg AS's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Tryg AS'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 48.13% mean?
Tryg AS (CHIX:TRYGC) has a Return-on-Tangible-Equity of 48.13% 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 Tryg AS and its competitors. This is 36% above median its historical median of 35.31. Over the past decade, Tryg AS's Return-on-Tangible-Equity has ranged from 8.68 to 70.05. According to the industry distribution chart, Tryg AS ranks #31 out of 499 companies in the Insurance industry, placing it in the top 6.2%.
Is Tryg AS's Return-on-Tangible-Equity too high?
Tryg AS's current Return-on-Tangible-Equity of 48.13% is 36% above median its 10-year median of 35.31. Over the past 10 years, this metric has ranged from a low of 8.68 to a high of 70.05. The Insurance industry median Return-on-Tangible-Equity is 13.32. Tryg AS's value of 48.13% is 261.3% above this industry median. Based on the distribution chart, Tryg AS ranks #31 out of 499 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, Tryg AS has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tryg AS's Return-on-Tangible-Equity compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Tryg AS ranks #31 out of 499 companies for Return-on-Tangible-Equity. This places Tryg AS in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 13.32. Tryg AS's value of 48.13% is 261.3% above this benchmark. Historically, Tryg AS's own Return-on-Tangible-Equity has ranged from 8.68 to 70.05 over the past decade. While the company's 10-year median is 35.31 vs. the industry median of 13.32, Tryg AS 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 Insurance company?
The median Return-on-Tangible-Equity among Insurance companies is 13.32, based on 499 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. Tryg AS's current Return-on-Tangible-Equity of 48.13% is 261.3% 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 Tryg AS and its competitors. For the Insurance industry, the median Return-on-Tangible-Equity is 13.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tryg AS's current Return-on-Tangible-Equity is 48.13%, which is 36% above median its own 10-year median of 35.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tryg AS stock overvalued right now?
Based on GuruFocus' analysis, Tryg AS (CHIX:TRYGC) is currently considered Fairly Valued. The stock's GF Value™ is kr161.33, compared to a current price of kr151.85 — trading 5.9% below its estimated fair value. The current Return-on-Tangible-Equity is 48.13%, which is 36% above median its 10-year median of 35.31 and 261.3% above the Insurance industry median of 13.32. Tryg AS's overall GF Score™ is 73/100 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 Tryg AS (CHIX:TRYGC), the current Return-on-Tangible-Equity is 48.13% 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 Tryg AS (CHIX:TRYGC) Overvalued in 2026?
Based on GuruFocus' analysis, Tryg AS stock appears to be undervalued.
The current stock price of kr151.85 is trading 5.9% below its estimated GF Value™ of kr161.33.
GuruFocus considers Tryg AS to be Fairly Valued.
Key valuation signals for CHIX:TRYGC:
Return-on-Tangible-Equity: 48.13% (36% above median its 10-year median of 35.31)
GF Value™: kr161.33 vs. price of kr151.85 (5.9% below fair value)
Industry Position: 261.3% above the Insurance median (#31 of 499)
No single metric tells the full story. See the CHIX:TRYGC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
For a long period of time Tryg was focussed purely on the Danish market, but over the last two decades the company has built its presence in Scandinavia more broadly. So, while this nonlife insurer derives close to 50% of its revenue from Denmark, it derives another 30% from Sweden and close to 20% from Norway. Comprehensive motor, third-party, accident, and health are Tryg's largest lines of business. Tryg insures both companies and private individuals, though private individuals make up close to two-thirds of revenue. In June 2021 Tryg acquired the Scandinavian operations of Royal Sun Alliance. The acquisition provided Tryg with a significant step forward in Sweden, introducing DKK 8 billion of insurance revenue and DKK 1 billion in Norway.
73GF Score
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