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. Bicycle Therapeutics's annualized net income for the quarter that ended in Mar. 2026 was €-210.46 Mil. Bicycle Therapeutics's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €500.20 Mil. Therefore, Bicycle Therapeutics's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -42.07%.
The historical rank and industry rank for Bicycle Therapeutics's Return-on-Tangible-Equity or its related term are showing as below:
FRA:50BA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -261.92 Med: -36.53 Max: -29.04
Current: -34.31
During the past 9 years, Bicycle Therapeutics's highest Return-on-Tangible-Equity was -29.04%. The lowest was -261.92%. And the median was -36.53%.
FRA:50BA's Return-on-Tangible-Equity is ranked better than 54.56% of 1195
companies
in the Biotechnology industry
Industry Median: -42.21
vs FRA:50BA: -34.31
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.
Bicycle Therapeutics Return-on-Tangible-Equity Related Terms
Bicycle Therapeutics Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Bicycle Therapeutics'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:50BA vs IFRX, ELDN, ZNTL: Return-on-Tangible-Equity Comparison
For the Biotechnology subindustry, Bicycle Therapeutics'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.
Bicycle Therapeutics Return-on-Tangible-Equity vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Bicycle Therapeutics's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Bicycle Therapeutics'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 -42.07% mean?
Bicycle Therapeutics (FRA:50BA) has a Return-on-Tangible-Equity of -42.07% 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 Bicycle Therapeutics and its competitors. According to the industry distribution chart, Bicycle Therapeutics ranks #543 out of 1195 companies in the Biotechnology industry, placing it in the top 45.4%.
Is Bicycle Therapeutics' Return-on-Tangible-Equity too high?
Bicycle Therapeutics' current Return-on-Tangible-Equity is -42.07%. Based on the distribution chart, Bicycle Therapeutics ranks #543 out of 1195 companies in the Biotechnology industry, which is above the industry midpoint. Overall, Bicycle Therapeutics has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bicycle Therapeutics' Return-on-Tangible-Equity compare to IFRX and ELDN?
According to the Biotechnology industry distribution chart, Bicycle Therapeutics ranks #543 out of 1195 companies for Return-on-Tangible-Equity. This puts Bicycle Therapeutics in the upper half of its industry. 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 Biotechnology company?
A good Return-on-Tangible-Equity depends on the Biotechnology industry context. 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 Bicycle Therapeutics and its competitors. Bicycle Therapeutics's current Return-on-Tangible-Equity is -42.07%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bicycle Therapeutics stock overvalued right now?
Based on GuruFocus' analysis, Bicycle Therapeutics (FRA:50BA) is currently considered Possible Value Trap. The stock's GF Value™ is €12.07, compared to a current price of €3.60 — trading 70.2% below its estimated fair value. The current Return-on-Tangible-Equity is -42.07%. Bicycle Therapeutics' overall GF Score™ is 56/100 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 Bicycle Therapeutics (FRA:50BA), the current Return-on-Tangible-Equity is -42.07% 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 Bicycle Therapeutics (FRA:50BA) Overvalued in 2026?
Based on GuruFocus' analysis, Bicycle Therapeutics stock appears to be undervalued.
The current stock price of €3.60 is trading 70.2% below its estimated GF Value™ of €12.07.
GuruFocus considers Bicycle Therapeutics to be Possible Value Trap.
Key valuation signals for FRA:50BA:
Return-on-Tangible-Equity: -42.07%
GF Value™: €12.07 vs. price of €3.60 (70.2% below fair value)
No single metric tells the full story. See the FRA:50BA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bicycle Therapeutics PLC is a clinical-stage biopharmaceutical company developing a novel class of medicines which are referred to as Bicycles. The Bicycles are synthetic short peptides constrained to form two loops that stabilize their structural geometry. Its initial internal programs are focused on oncology indications with high unmet medical needs. The company's product candidate, BT1718, is a Bicycle Toxin Conjugate, or BTC. The company has two segments: the United Kingdom and the United States. It derives maximum revenue from United Kingdom.
56GF 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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