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. Elma Electronic AG's annualized net income for the quarter that ended in Dec. 2025 was €-0.6 Mil. Elma Electronic AG's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €66.0 Mil. Therefore, Elma Electronic AG's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was -0.98%.
The historical rank and industry rank for Elma Electronic AG's Return-on-Tangible-Equity or its related term are showing as below:
FRA:312'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.65 Med: 12.01 Max: 17.07
Current: 6.66
During the past 13 years, Elma Electronic AG's highest Return-on-Tangible-Equity was 17.07%. The lowest was 6.65%. And the median was 12.01%.
FRA:312's Return-on-Tangible-Equity is ranked better than 55.17% of 2387
companies
in the Hardware industry
Industry Median: 5.28
vs FRA:312: 6.66
Elma Electronic AG (FRA:312) 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.
Elma Electronic AG Return-on-Tangible-Equity Related Terms
Elma Electronic AG Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Elma Electronic AG'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.
Elma Electronic AG Return-on-Tangible-Equity Chart
FRA:312 vs SNDK, DELL, STX: Return-on-Tangible-Equity Comparison
For the Computer Hardware subindustry, Elma Electronic AG'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.
Elma Electronic AG Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Elma Electronic AG's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Elma Electronic AG'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 (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 -0.98% mean?
Elma Electronic AG (FRA:312) has a Return-on-Tangible-Equity of -0.98% 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 Elma Electronic AG and its competitors. Over the past decade, Elma Electronic AG's Return-on-Tangible-Equity has ranged from 6.65 to 17.07. According to the industry distribution chart, Elma Electronic AG ranks #1070 out of 2387 companies in the Hardware industry, placing it in the top 44.8%.
Is Elma Electronic AG's Return-on-Tangible-Equity too high?
Elma Electronic AG's current Return-on-Tangible-Equity is -0.98%. Over the past 10 years, this metric has ranged from a low of 6.65 to a high of 17.07. Based on the distribution chart, Elma Electronic AG ranks #1070 out of 2387 companies in the Hardware industry, which is above the industry midpoint. Overall, Elma Electronic AG has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.
How does Elma Electronic AG's Return-on-Tangible-Equity compare to SNDK and DELL?
According to the Hardware industry distribution chart, Elma Electronic AG ranks #1070 out of 2387 companies for Return-on-Tangible-Equity. This puts Elma Electronic AG in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.28. Historically, Elma Electronic AG's own Return-on-Tangible-Equity has ranged from 6.65 to 17.07 over the past decade. 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 Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.28, based on 2,387 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 Elma Electronic AG and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elma Electronic AG's current Return-on-Tangible-Equity is -0.98%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elma Electronic AG stock overvalued right now?
Elma Electronic AG (FRA:312) has a current Return-on-Tangible-Equity of -0.98%. The stock's GF Value™ is €1,224.46, compared to a current price of €1,420.00 — trading 16% above its estimated fair value. The current Return-on-Tangible-Equity is -0.98%. Elma Electronic AG's overall GF Score™ is 63/100 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 Elma Electronic AG (FRA:312), the current Return-on-Tangible-Equity is -0.98% 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 Elma Electronic AG (FRA:312) Overvalued in 2026?
Based on GuruFocus' analysis, Elma Electronic AG stock appears to be overvalued.
The current stock price of €1,420.00 is trading 16% above its estimated GF Value™ of €1,224.46.
Key valuation signals for FRA:312:
Return-on-Tangible-Equity: -0.98%
GF Value™: €1,224.46 vs. price of €1,420.00 (16% above fair value)
No single metric tells the full story. See the FRA:312 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elma Electronic AG is a Switzerland-based company. It acts as a manufacturer of electronic packaging products for the embedded systems market from components, backplanes, storage boards and chassis platforms to fully integrated systems. The product line of the company includes embedded boards such as mass storage, ethernet and PCIe switches, architecture solutions, embedded computing systems, system accessories, and rack level services. It also offers engineering services, contract manufacturing, system integration, customization and other services.
63GF Score
Get the complete analysis for FRA:312
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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