CYAN (Cyanotech) Return-on-Tangible-Equity: -11.57% (As of Dec. 2025)


CYAN Cyanotech Corp CYAN
34 GF Score
Price $0.53
GF Value $0.39
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Cyanotech Return-on-Tangible-Equity?

Cyanotech CYAN +2.89% 34 Return-on-Tangible-Equity is -11.57% as of Dec. 2025. GuruFocus rates CYAN with a GF Score™ of 34/100 and a GF Value™ of $0.39 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,878 Consumer Packaged Goods companies, Cyanotech ranks worse than 91.43% 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. Cyanotech's annualized net income for the quarter that ended in Dec. 2025 was $-0.92 Mil. Cyanotech's average shareholder tangible equity for the quarter that ended in Dec. 2025 was $7.95 Mil. Therefore, Cyanotech's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was -11.57%.

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

CYAN' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -37.41   Med: -13.13   Max: 11.79
Current: -21.07

During the past 13 years, Cyanotech's highest Return-on-Tangible-Equity was 11.79%. The lowest was -37.41%. And the median was -13.13%.

CYAN's Return-on-Tangible-Equity is ranked worse than
91.43% of 1878 companies
in the Consumer Packaged Goods industry
Industry Median: 7.78 vs CYAN: -21.07

Cyanotech  (OTCPK:CYAN) 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.


Cyanotech Return-on-Tangible-Equity Related Terms


Cyanotech Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Cyanotech'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.

Cyanotech Return-on-Tangible-Equity Chart

Cyanotech Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.59 11.79 -19.20 -37.41 -30.95

Cyanotech Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 -9.34 -27.28 -43.88 0.05 -11.57

CYAN vs PAVS, TOFB, ATPC: Return-on-Tangible-Equity Comparison

For the Packaged Foods subindustry, Cyanotech'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.


Cyanotech Return-on-Tangible-Equity vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Cyanotech's Return-on-Tangible-Equity distribution charts can be found below:

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


CYAN
34GF Score
Cyanotech Corp CYAN
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cyanotech Return-on-Tangible-Equity Calculation

Cyanotech's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Mar. 2025 )  (A: Mar. 2024 )(A: Mar. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Mar. 2025 )  (A: Mar. 2024 )(A: Mar. 2025 )
=-3.203/( (11.814+8.884 )/ 2 )
=-3.203/10.349
=-30.95 %

Cyanotech'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: Sep. 2025 )(Q: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Sep. 2025 )(Q: Dec. 2025 )
=-0.92/( (8.065+7.844)/ 2 )
=-0.92/7.9545
=-11.57 %

* 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 (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 -11.57% mean?
Cyanotech (CYAN) has a Return-on-Tangible-Equity of -11.57% 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 Cyanotech and its competitors. According to the industry distribution chart, Cyanotech ranks #1717 out of 1878 companies in the Consumer Packaged Goods industry, placing it in the top 91.4%.
Is Cyanotech's Return-on-Tangible-Equity too high?
Cyanotech's current Return-on-Tangible-Equity is -11.57%. Based on the distribution chart, Cyanotech ranks #1717 out of 1878 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Cyanotech has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cyanotech's Return-on-Tangible-Equity compare to PAVS and TOFB?
According to the Consumer Packaged Goods industry distribution chart, Cyanotech ranks #1717 out of 1878 companies for Return-on-Tangible-Equity. This places Cyanotech in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.78. 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 Consumer Packaged Goods company?
The median Return-on-Tangible-Equity among Consumer Packaged Goods companies is 7.78, based on 1,878 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 Cyanotech and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Equity is 7.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cyanotech's current Return-on-Tangible-Equity is -11.57%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cyanotech stock overvalued right now?
Based on GuruFocus' analysis, Cyanotech (CYAN) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.39, compared to a current price of $0.53 — trading 35.9% above its estimated fair value. The current Return-on-Tangible-Equity is -11.57%. Cyanotech's overall GF Score™ is 34/100 with 9 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 Cyanotech (CYAN), the current Return-on-Tangible-Equity is -11.57% 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 Cyanotech (CYAN) Overvalued in 2026?

Based on GuruFocus' analysis, Cyanotech stock appears to be overvalued. The current stock price of $0.53 is trading 35.9% above its estimated GF Value™ of $0.39. GuruFocus considers Cyanotech to be Significantly Overvalued.

Key valuation signals for CYAN:

  • Return-on-Tangible-Equity: -11.57%
  • GF Value™: $0.39 vs. price of $0.53 (35.9% above fair value)
  • GF Score™: 34/100 with 9 warning signs

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


Cyanotech Business Description

Address 73-4460 Queen Kaahumanu Highway, Suite 102, Kailua-Kona, HI, USA, 96740
Cyanotech Corp is engaged in the production of natural products derived from microalgae for the nutritional supplements market. The company's products include BioAstin Hawaiian Astaxanthin and Hawaiian Spirulina Pacifica is a dietary supplement used for extra energy, a strengthened immune system, cardiovascular benefits, and as a source of antioxidant carotenoids. BioAstin Hawaiian Astaxanthin is a dietary antioxidant shown to support and maintain the body's natural inflammatory response, enhance skin, and support eye and joint health. It derives maximum revenue from the Packaged product and geographically from the United States.
34GF Score

Get the complete analysis for CYAN

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

$0.53
Price
$0.39
GF Value