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Bright Smart Securitiesmmodities GroupFRA:0BX -11.92%38 Return-on-Tangible-Equity is 37.91% as of Sep. 2025, which is 65% above its 10-year median of 22.92. GuruFocus rates FRA:0BX with a GF Score™ of 38/100 and a GF Value™ of €0.24 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 784 Capital Markets companies, Bright Smart Securitiesmmodities Group ranks better than 88.01% on this metric.
FRA:0BX'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 12.83 Med: 22.92 Max: 42.09
Current: 36.66
During the past 13 years, Bright Smart Securitiesmmodities Group's highest Return-on-Tangible-Equity was 42.09%. The lowest was 12.83%. And the median was 22.92%.
FRA:0BX's Return-on-Tangible-Equity is ranked better than 88.01% of 784
companies
in the Capital Markets industry
Industry Median: 6.485
vs FRA:0BX: 36.66
Bright Smart Securitiesmmodities Group (FRA:0BX) 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.
Bright Smart Securitiesmmodities Group Return-on-Tangible-Equity Related Terms
Bright Smart Securitiesmmodities Group Return-on-Tangible-Equity Historical Data
* 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.
Bright Smart Securitiesmmodities Group Return-on-Tangible-Equity Chart
Bright Smart Securitiesmmodities Group Annual Data
FRA:0BX vs MS, GS, SCHW: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, Bright Smart Securitiesmmodities Group'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.
Bright Smart Securitiesmmodities Group Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Bright Smart Securitiesmmodities Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Bright Smart Securitiesmmodities Group'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 two times the semi-annual (Sep. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 37.91% mean?
Bright Smart Securitiesmmodities Group (FRA:0BX) has a Return-on-Tangible-Equity of 37.91% as of Sep. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Bright Smart Securitiesmmodities Group and its competitors. This is 65% above median its historical median of 22.92. Over the past decade, Bright Smart Securitiesmmodities Group's Return-on-Tangible-Equity has ranged from 12.83 to 42.09. According to the industry distribution chart, Bright Smart Securitiesmmodities Group ranks #94 out of 784 companies in the Capital Markets industry, placing it in the top 12%.
Is Bright Smart Securitiesmmodities Group's Return-on-Tangible-Equity too high?
Bright Smart Securitiesmmodities Group's current Return-on-Tangible-Equity of 37.91% is 65% above median its 10-year median of 22.92. Over the past 10 years, this metric has ranged from a low of 12.83 to a high of 42.09. The Capital Markets industry median Return-on-Tangible-Equity is 6.49. Bright Smart Securitiesmmodities Group's value of 37.91% is 484.6% above this industry median. Based on the distribution chart, Bright Smart Securitiesmmodities Group ranks #94 out of 784 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Bright Smart Securitiesmmodities Group has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bright Smart Securitiesmmodities Group's Return-on-Tangible-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, Bright Smart Securitiesmmodities Group ranks #94 out of 784 companies for Return-on-Tangible-Equity. This places Bright Smart Securitiesmmodities Group in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.49. Bright Smart Securitiesmmodities Group's value of 37.91% is 484.6% above this benchmark. Historically, Bright Smart Securitiesmmodities Group's own Return-on-Tangible-Equity has ranged from 12.83 to 42.09 over the past decade. While the company's 10-year median is 22.92 vs. the industry median of 6.49, Bright Smart Securitiesmmodities Group 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 Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.49, based on 784 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. Bright Smart Securitiesmmodities Group's current Return-on-Tangible-Equity of 37.91% is 484.6% 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 Bright Smart Securitiesmmodities Group and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bright Smart Securitiesmmodities Group's current Return-on-Tangible-Equity is 37.91%, which is 65% above median its own 10-year median of 22.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bright Smart Securitiesmmodities Group stock overvalued right now?
Based on GuruFocus' analysis, Bright Smart Securitiesmmodities Group (FRA:0BX) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.24, compared to a current price of €0.67 — trading 177.1% above its estimated fair value. The current Return-on-Tangible-Equity is 37.91%, which is 65% above median its 10-year median of 22.92 and 484.6% above the Capital Markets industry median of 6.49. Bright Smart Securitiesmmodities Group's overall GF Score™ is 38/100 with 4 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 Bright Smart Securitiesmmodities Group (FRA:0BX), the current Return-on-Tangible-Equity is 37.91% as of Sep. 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 Bright Smart Securitiesmmodities Group (FRA:0BX) Overvalued in 2026?
Based on GuruFocus' analysis, Bright Smart Securitiesmmodities Group stock appears to be overvalued.
The current stock price of €0.67 is trading 177.1% above its estimated GF Value™ of €0.24.
GuruFocus considers Bright Smart Securitiesmmodities Group to be Significantly Overvalued.
Key valuation signals for FRA:0BX:
Return-on-Tangible-Equity: 37.91% (65% above median its 10-year median of 22.92)
GF Value™: €0.24 vs. price of €0.67 (177.1% above fair value)
Industry Position: 484.6% above the Capital Markets median (#94 of 784)
No single metric tells the full story. See the FRA:0BX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bright Smart Securitiesmmodities Group Business Description
Bright Smart Securities & Commodities Group Ltd is a company that provides financial services, including securities broking, margin financing, commodities & futures broking, bullion trading and leveraged foreign exchange trading. The company operates via three segments. The Securities broking segment offers broking services in securities traded in Hong Kong and select overseas markets and provides margin financing services to its broking customers. The Commodities and futures broking segment offers broking services in commodities and futures contracts traded in Hong Kong and overseas markets. The Bullion trading segment provides trading services in bullion contracts traded overseas. The company generates majority of its revenue from the Securities broking segment.
38GF Score
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