BFF Bank SpAFRA:2BF -0.70%63 Return-on-Tangible-Equity is 22.94% as of Mar. 2026, which is 16% below its 10-year median of 27.27. GuruFocus rates FRA:2BF with a GF Score™ of 63/100 and a GF Value™ of €8.43 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 523 Credit Services companies, BFF Bank SpA ranks better than 60.8% 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. BFF Bank SpA's annualized net income for the quarter that ended in Mar. 2026 was €198.1 Mil. BFF Bank SpA's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €863.9 Mil. Therefore, BFF Bank SpA's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 22.94%.
The historical rank and industry rank for BFF Bank SpA's Return-on-Tangible-Equity or its related term are showing as below:
FRA:2BF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.57 Med: 27.27 Max: 42.45
Current: 10
During the past 13 years, BFF Bank SpA's highest Return-on-Tangible-Equity was 42.45%. The lowest was 8.57%. And the median was 27.27%.
FRA:2BF's Return-on-Tangible-Equity is ranked better than 60.8% of 523
companies
in the Credit Services industry
Industry Median: 7.05
vs FRA:2BF: 10.00
BFF Bank SpA (FRA:2BF) 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.
BFF Bank SpA Return-on-Tangible-Equity Related Terms
BFF Bank SpA Return-on-Tangible-Equity Historical Data
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The historical data trend for BFF Bank SpA'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.
FRA:2BF vs V, MA, AXP: Return-on-Tangible-Equity Comparison
For the Credit Services subindustry, BFF Bank SpA'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.
BFF Bank SpA Return-on-Tangible-Equity vs Credit Services Industry
For the Credit Services industry and Financial Services sector, BFF Bank SpA's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where BFF Bank SpA'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 22.94% mean?
BFF Bank SpA (FRA:2BF) has a Return-on-Tangible-Equity of 22.94% 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 BFF Bank SpA and its competitors. This is 16% below median its historical median of 27.27. Over the past decade, BFF Bank SpA's Return-on-Tangible-Equity has ranged from 8.57 to 42.45. According to the industry distribution chart, BFF Bank SpA ranks #205 out of 523 companies in the Credit Services industry, placing it in the top 39.2%.
Is BFF Bank SpA's Return-on-Tangible-Equity too high?
BFF Bank SpA's current Return-on-Tangible-Equity of 22.94% is 16% below median its 10-year median of 27.27. Over the past 10 years, this metric has ranged from a low of 8.57 to a high of 42.45. The Credit Services industry median Return-on-Tangible-Equity is 7.05. BFF Bank SpA's value of 22.94% is 225.4% above this industry median. Based on the distribution chart, BFF Bank SpA ranks #205 out of 523 companies in the Credit Services industry, which is above the industry midpoint. Overall, BFF Bank SpA has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does BFF Bank SpA's Return-on-Tangible-Equity compare to V and MA?
According to the Credit Services industry distribution chart, BFF Bank SpA ranks #205 out of 523 companies for Return-on-Tangible-Equity. This puts BFF Bank SpA in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.05. BFF Bank SpA's value of 22.94% is 225.4% above this benchmark. Historically, BFF Bank SpA's own Return-on-Tangible-Equity has ranged from 8.57 to 42.45 over the past decade. While the company's 10-year median is 27.27 vs. the industry median of 7.05, BFF Bank SpA 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 Credit Services company?
The median Return-on-Tangible-Equity among Credit Services companies is 7.05, based on 523 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. BFF Bank SpA's current Return-on-Tangible-Equity of 22.94% is 225.4% 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 BFF Bank SpA and its competitors. For the Credit Services industry, the median Return-on-Tangible-Equity is 7.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BFF Bank SpA's current Return-on-Tangible-Equity is 22.94%, which is 16% below median its own 10-year median of 27.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BFF Bank SpA stock overvalued right now?
Based on GuruFocus' analysis, BFF Bank SpA (FRA:2BF) is currently considered Possible Value Trap. The stock's GF Value™ is €8.43, compared to a current price of €3.11 — trading 63.1% below its estimated fair value. The current Return-on-Tangible-Equity is 22.94%, which is 16% below median its 10-year median of 27.27 and 225.4% above the Credit Services industry median of 7.05. BFF Bank SpA's overall GF Score™ is 63/100 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 BFF Bank SpA (FRA:2BF), the current Return-on-Tangible-Equity is 22.94% 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 BFF Bank SpA (FRA:2BF) Overvalued in 2026?
Based on GuruFocus' analysis, BFF Bank SpA stock appears to be undervalued.
The current stock price of €3.11 is trading 63.1% below its estimated GF Value™ of €8.43.
GuruFocus considers BFF Bank SpA to be Possible Value Trap.
Key valuation signals for FRA:2BF:
Return-on-Tangible-Equity: 22.94% (16% below median its 10-year median of 27.27)
GF Value™: €8.43 vs. price of €3.11 (63.1% below fair value)
Industry Position: 225.4% above the Credit Services median (#205 of 523)
No single metric tells the full story. See the FRA:2BF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BFF Bank SpA is an independent specialty finance company engaged in three business units; Factoring & Lending BU, which offers products such as non-recourse factoring, lending, and credit management mainly to public sector suppliers and public administration bodies, Securities Services BU, which deals with custodian banking for investment funds and related services such as fund accounting, and transfer agents for national managers and banks and for various investment funds such as pension funds, mutual funds and alternative funds, and Payments BU, which deals with payment processing, corporate payments, and cheques and bills and has as customers medium-small Italian banks, medium-large companies and boasts a partnership with Nexi.
63GF Score
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