The historical rank and industry rank for First Business Financial Services's Return-on-Tangible-Equity or its related term are showing as below:
FRA:45D'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.79 Med: 13.69 Max: 17.44
Current: 14.83
During the past 13 years, First Business Financial Services's highest Return-on-Tangible-Equity was 17.44%. The lowest was 7.79%. And the median was 13.69%.
FRA:45D's Return-on-Tangible-Equity is ranked better than 73.5% of 1521
companies
in the Banks industry
Industry Median: 11.19
vs FRA:45D: 14.83
First Business Financial Services (FRA:45D) 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.
First Business Financial Services Return-on-Tangible-Equity Related Terms
First Business Financial Services 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.
First Business Financial Services Return-on-Tangible-Equity Chart
FRA:45D vs WCCB, BSRR, HBCP: Return-on-Tangible-Equity Comparison
For the Banks - Regional subindustry, First Business Financial Services'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.
First Business Financial Services Return-on-Tangible-Equity vs Banks Industry
For the Banks industry and Financial Services sector, First Business Financial Services's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where First Business Financial Services'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 13.50% mean?
First Business Financial Services (FRA:45D) has a Return-on-Tangible-Equity of 13.50% 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 First Business Financial Services and its competitors. This is near median its historical median of 13.69. Over the past decade, First Business Financial Services' Return-on-Tangible-Equity has ranged from 7.79 to 17.44. According to the industry distribution chart, First Business Financial Services ranks #403 out of 1521 companies in the Banks industry, placing it in the top 26.5%.
Is First Business Financial Services' Return-on-Tangible-Equity too high?
First Business Financial Services' current Return-on-Tangible-Equity of 13.50% is near median its 10-year median of 13.69. Over the past 10 years, this metric has ranged from a low of 7.79 to a high of 17.44. The Banks industry median Return-on-Tangible-Equity is 11.19. First Business Financial Services' value of 13.50% is 20.6% above this industry median. Based on the distribution chart, First Business Financial Services ranks #403 out of 1521 companies in the Banks industry, which is above the industry midpoint. Overall, First Business Financial Services has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Business Financial Services' Return-on-Tangible-Equity compare to WCCB and BSRR?
According to the Banks industry distribution chart, First Business Financial Services ranks #403 out of 1521 companies for Return-on-Tangible-Equity. This puts First Business Financial Services in the upper half of its industry. The industry median Return-on-Tangible-Equity is 11.19. First Business Financial Services' value of 13.50% is 20.6% above this benchmark. Historically, First Business Financial Services' own Return-on-Tangible-Equity has ranged from 7.79 to 17.44 over the past decade. While the company's 10-year median is 13.69 vs. the industry median of 11.19, First Business Financial Services 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 Banks company?
The median Return-on-Tangible-Equity among Banks companies is 11.19, based on 1,521 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. First Business Financial Services's current Return-on-Tangible-Equity of 13.50% is 20.6% 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 First Business Financial Services and its competitors. For the Banks industry, the median Return-on-Tangible-Equity is 11.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Business Financial Services's current Return-on-Tangible-Equity is 13.50%, which is near median its own 10-year median of 13.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Business Financial Services stock overvalued right now?
Based on GuruFocus' analysis, First Business Financial Services (FRA:45D) is currently considered Modestly Overvalued. The stock's GF Value™ is €46.37, compared to a current price of €55.00 — trading 18.6% above its estimated fair value. The current Return-on-Tangible-Equity is 13.50%, which is near median its 10-year median of 13.69 and 20.6% above the Banks industry median of 11.19. First Business Financial Services' overall GF Score™ is 71/100 with 5 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 First Business Financial Services (FRA:45D), the current Return-on-Tangible-Equity is 13.50% 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 First Business Financial Services (FRA:45D) Overvalued in 2026?
Based on GuruFocus' analysis, First Business Financial Services stock appears to be overvalued.
The current stock price of €55.00 is trading 18.6% above its estimated GF Value™ of €46.37.
GuruFocus considers First Business Financial Services to be Modestly Overvalued.
Key valuation signals for FRA:45D:
Return-on-Tangible-Equity: 13.50% (near median its 10-year median of 13.69)
GF Value™: €46.37 vs. price of €55.00 (18.6% above fair value)
Industry Position: 20.6% above the Banks median (#403 of 1521)
No single metric tells the full story. See the FRA:45D stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Business Financial Services Business Description
First Business Financial Services Inc operates as a bank holding company. The Bank operates as a business bank, delivering a full line of commercial banking products, including commercial loans and commercial real estate loans, to meet the specific needs of small and medium-sized businesses, business owners, executives, professionals, and high-net-worth individuals. The company's products and services include commercial lending, SBA lending and servicing, asset-based lending, equipment financing, factoring, trust, and investment services, treasury management services, and a broad range of deposit products. Geographically, all the business activity functioned through the region of the United States.
71GF Score
Get the complete analysis for FRA:45D
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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