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Fenix ResourcesFRA:4ER -2.16%47 Return-on-Tangible-Equity is 3.46% as of Jun. 2026, which is 39% below its 10-year median of 5.69. GuruFocus rates FRA:4ER with a GF Score™ of 47/100 and a GF Value™ of €0.31 (Significantly Undervalued). The stock has 7 warning signs investors should review. Among 612 Steel companies, Fenix Resources ranks better than 64.22% 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. Fenix Resources's annualized net income for the quarter that ended in Jun. 2026 was €3.3 Mil. Fenix Resources's average shareholder tangible equity for the quarter that ended in Jun. 2026 was €96.8 Mil. Therefore, Fenix Resources's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 3.46%.
The historical rank and industry rank for Fenix Resources's Return-on-Tangible-Equity or its related term are showing as below:
FRA:4ER'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -112.91 Med: 5.69 Max: 115.78
Current: 7.72
During the past 13 years, Fenix Resources's highest Return-on-Tangible-Equity was 115.78%. The lowest was -112.91%. And the median was 5.69%.
FRA:4ER's Return-on-Tangible-Equity is ranked better than 64.22% of 612
companies
in the Steel industry
Industry Median: 4.695
vs FRA:4ER: 7.72
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.
Fenix Resources Return-on-Tangible-Equity Related Terms
Fenix Resources Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Fenix Resources'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:4ER vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, Fenix Resources'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.
Fenix Resources Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Fenix Resources's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Fenix Resources'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 (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 3.46% mean?
Fenix Resources (FRA:4ER) has a Return-on-Tangible-Equity of 3.46% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Fenix Resources and its competitors. This is 39% below median its historical median of 5.69. According to the industry distribution chart, Fenix Resources ranks #219 out of 612 companies in the Steel industry, placing it in the top 35.8%.
Is Fenix Resources' Return-on-Tangible-Equity too high?
Fenix Resources' current Return-on-Tangible-Equity of 3.46% is 39% below median its 10-year median of 5.69. The Steel industry median Return-on-Tangible-Equity is 4.70. Fenix Resources' value of 3.46% is 26.3% below this industry median. Based on the distribution chart, Fenix Resources ranks #219 out of 612 companies in the Steel industry, which is above the industry midpoint. Overall, Fenix Resources has a GF Score™ of 47/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fenix Resources' Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Fenix Resources ranks #219 out of 612 companies for Return-on-Tangible-Equity. This puts Fenix Resources in the upper half of its industry. The industry median Return-on-Tangible-Equity is 4.70. Fenix Resources' value of 3.46% is 26.3% below this benchmark. While the company's 10-year median is 5.69 vs. the industry median of 4.70, Fenix Resources has consistently been below 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 Steel company?
The median Return-on-Tangible-Equity among Steel companies is 4.70, based on 612 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. Fenix Resources's current Return-on-Tangible-Equity of 3.46% is 26.3% below 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 Fenix Resources and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 4.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fenix Resources's current Return-on-Tangible-Equity is 3.46%, which is 39% below median its own 10-year median of 5.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fenix Resources stock overvalued right now?
Based on GuruFocus' analysis, Fenix Resources (FRA:4ER) is currently considered Significantly Undervalued. The stock's GF Value™ is €0.31, compared to a current price of €0.14 — trading 56.1% below its estimated fair value. The current Return-on-Tangible-Equity is 3.46%, which is 39% below median its 10-year median of 5.69 and 26.3% below the Steel industry median of 4.70. Fenix Resources' overall GF Score™ is 47/100 with 7 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 Fenix Resources (FRA:4ER), the current Return-on-Tangible-Equity is 3.46% as of Jun. 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 Fenix Resources (FRA:4ER) Overvalued in 2026?
Based on GuruFocus' analysis, Fenix Resources stock appears to be undervalued.
The current stock price of €0.14 is trading 56.1% below its estimated GF Value™ of €0.31.
GuruFocus considers Fenix Resources to be Significantly Undervalued.
Key valuation signals for FRA:4ER:
Return-on-Tangible-Equity: 3.46% (39% below median its 10-year median of 5.69)
GF Value™: €0.31 vs. price of €0.14 (56.1% below fair value)
Industry Position: 26.3% below the Steel median (#219 of 612)
No single metric tells the full story. See the FRA:4ER stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fenix Resources Ltd is an Australian company engaged in exploring, developing, and mining mineral tenements. The Group has single reportable segment: the Mining. The company's assets include the Iron Ridge Iron Ore Mine, the Shine Iron Ore Mine, the Beebyn-W11 Iron Ore Project, the Newhaul Road Logistics haulage.
47GF Score
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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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