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ADF GroupFRA:4QM 65 Return-on-Tangible-Equity is 26.72% as of Apr. 2026, which is 217% above its 10-year median of 8.42. GuruFocus rates FRA:4QM with a GF Score™ of 65/100 and a GF Value™ of €5.50 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,970 Industrial Products companies, ADF Group ranks better than 81.89% 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. ADF Group's annualized net income for the quarter that ended in Apr. 2026 was €29.9 Mil. ADF Group's average shareholder tangible equity for the quarter that ended in Apr. 2026 was €112.0 Mil. Therefore, ADF Group's annualized Return-on-Tangible-Equity for the quarter that ended in Apr. 2026 was 26.72%.
The historical rank and industry rank for ADF Group's Return-on-Tangible-Equity or its related term are showing as below:
FRA:4QM'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -7.39 Med: 8.42 Max: 35.14
Current: 17.23
During the past 13 years, ADF Group's highest Return-on-Tangible-Equity was 35.14%. The lowest was -7.39%. And the median was 8.42%.
FRA:4QM's Return-on-Tangible-Equity is ranked better than 81.89% of 2970
companies
in the Industrial Products industry
Industry Median: 6.725
vs FRA:4QM: 17.23
ADF Group (FRA:4QM) 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.
ADF Group Return-on-Tangible-Equity Related Terms
ADF Group Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for ADF Group'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:4QM vs CRS, ATI, MLI: Return-on-Tangible-Equity Comparison
For the Metal Fabrication subindustry, ADF 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.
ADF Group Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, ADF Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where ADF 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 four times the quarterly (Apr. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 26.72% mean?
ADF Group (FRA:4QM) has a Return-on-Tangible-Equity of 26.72% as of Apr. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on ADF Group and its competitors. This is 217% above median its historical median of 8.42. According to the industry distribution chart, ADF Group ranks #538 out of 2970 companies in the Industrial Products industry, placing it in the top 18.1%.
Is ADF Group's Return-on-Tangible-Equity too high?
ADF Group's current Return-on-Tangible-Equity of 26.72% is 217% above median its 10-year median of 8.42. The Industrial Products industry median Return-on-Tangible-Equity is 6.73. ADF Group's value of 26.72% is 297.3% above this industry median. Based on the distribution chart, ADF Group ranks #538 out of 2970 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, ADF Group has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ADF Group's Return-on-Tangible-Equity compare to CRS and ATI?
According to the Industrial Products industry distribution chart, ADF Group ranks #538 out of 2970 companies for Return-on-Tangible-Equity. This places ADF Group in the top 18% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.73. ADF Group's value of 26.72% is 297.3% above this benchmark. While the company's 10-year median is 8.42 vs. the industry median of 6.73, ADF 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 an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.73, based on 2,970 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. ADF Group's current Return-on-Tangible-Equity of 26.72% is 297.3% 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 ADF Group and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ADF Group's current Return-on-Tangible-Equity is 26.72%, which is 217% above median its own 10-year median of 8.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ADF Group stock overvalued right now?
Based on GuruFocus' analysis, ADF Group (FRA:4QM) is currently considered Significantly Overvalued. The stock's GF Value™ is €5.50, compared to a current price of €10.90 — trading 98.2% above its estimated fair value. The current Return-on-Tangible-Equity is 26.72%, which is 217% above median its 10-year median of 8.42 and 297.3% above the Industrial Products industry median of 6.73. ADF Group's overall GF Score™ is 65/100 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 ADF Group (FRA:4QM), the current Return-on-Tangible-Equity is 26.72% as of Apr. 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 ADF Group (FRA:4QM) Overvalued in 2026?
Based on GuruFocus' analysis, ADF Group stock appears to be overvalued.
The current stock price of €10.90 is trading 98.2% above its estimated GF Value™ of €5.50.
GuruFocus considers ADF Group to be Significantly Overvalued.
Key valuation signals for FRA:4QM:
Return-on-Tangible-Equity: 26.72% (217% above median its 10-year median of 8.42)
GF Value™: €5.50 vs. price of €10.90 (98.2% above fair value)
Industry Position: 297.3% above the Industrial Products median (#538 of 2970)
No single metric tells the full story. See the FRA:4QM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ADF Group Inc involves in the design and engineering of connections, fabrication, including industrial coating, and the installation of steel structures and steel built-ups, as well as miscellaneous and architectural metalwork. The company's products and services are intended for the five principal segments of the non-residential construction industry: Office towers and high-rises, Commercial and recreational buildings, Airport facilities, Industrial complexes, and Transport infrastructures and energy. It serves the client base in the non-residential construction industry, such as general contractors, project owners, engineering firms and project architects, and other steel structure fabricators in the United States and Canada.
65GF Score
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