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TINC NVFRA:5TI -0.18%73 Return-on-Tangible-Equity is 7.09% as of Dec. 2025, which is 3% above its 10-year median of 6.87. GuruFocus rates FRA:5TI with a GF Score™ of 73/100 and a GF Value™ of €9.49. The stock has 9 warning signs investors should review. Among 1,589 Asset Management companies, TINC NV ranks worse than 51.1% 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. TINC NV's annualized net income for the quarter that ended in Dec. 2025 was €44.44 Mil. TINC NV's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €626.39 Mil. Therefore, TINC NV's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 7.09%.
The historical rank and industry rank for TINC NV's Return-on-Tangible-Equity or its related term are showing as below:
FRA:5TI'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.59 Med: 6.87 Max: 23.59
Current: 6.93
During the past 12 years, TINC NV's highest Return-on-Tangible-Equity was 23.59%. The lowest was 4.59%. And the median was 6.87%.
FRA:5TI's Return-on-Tangible-Equity is ranked worse than 51.1% of 1589
companies
in the Asset Management industry
Industry Median: 7.21
vs FRA:5TI: 6.93
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.
TINC NV Return-on-Tangible-Equity Related Terms
TINC NV Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for TINC NV'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:5TI vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, TINC NV'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.
TINC NV Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, TINC NV's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where TINC NV'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 7.09% mean?
TINC NV (FRA:5TI) has a Return-on-Tangible-Equity of 7.09% 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 TINC NV and its competitors. This is near median its historical median of 6.87. Over the past decade, TINC NV's Return-on-Tangible-Equity has ranged from 4.59 to 23.59. According to the industry distribution chart, TINC NV ranks #812 out of 1589 companies in the Asset Management industry, placing it in the top 51.1%.
Is TINC NV's Return-on-Tangible-Equity too high?
TINC NV's current Return-on-Tangible-Equity of 7.09% is near median its 10-year median of 6.87. Over the past 10 years, this metric has ranged from a low of 4.59 to a high of 23.59. The Asset Management industry median Return-on-Tangible-Equity is 7.21. TINC NV's value of 7.09% is 1.7% below this industry median. Based on the distribution chart, TINC NV ranks #812 out of 1589 companies in the Asset Management industry, which is below the industry midpoint. Overall, TINC NV has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does TINC NV's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, TINC NV ranks #812 out of 1589 companies for Return-on-Tangible-Equity. This places TINC NV in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.21. TINC NV's value of 7.09% is 1.7% below this benchmark. Historically, TINC NV's own Return-on-Tangible-Equity has ranged from 4.59 to 23.59 over the past decade. While the company's 10-year median is 6.87 vs. the industry median of 7.21, TINC NV 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 an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.21, based on 1,589 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. TINC NV's current Return-on-Tangible-Equity of 7.09% is 1.7% 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 TINC NV and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TINC NV's current Return-on-Tangible-Equity is 7.09%, which is near median its own 10-year median of 6.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TINC NV stock overvalued right now?
TINC NV (FRA:5TI) has a current Return-on-Tangible-Equity of 7.09%. The stock's GF Value™ is €9.49, compared to a current price of €11.10 — trading 17% above its estimated fair value. The current Return-on-Tangible-Equity is 7.09%, which is near median its 10-year median of 6.87 and 1.7% below the Asset Management industry median of 7.21. TINC NV's overall GF Score™ is 73/100 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 TINC NV (FRA:5TI), the current Return-on-Tangible-Equity is 7.09% 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 TINC NV (FRA:5TI) Overvalued in 2026?
Based on GuruFocus' analysis, TINC NV stock appears to be overvalued.
The current stock price of €11.10 is trading 17% above its estimated GF Value™ of €9.49.
Key valuation signals for FRA:5TI:
Return-on-Tangible-Equity: 7.09% (near median its 10-year median of 6.87)
GF Value™: €9.49 vs. price of €11.10 (17% above fair value)
Industry Position: 1.7% below the Asset Management median (#812 of 1589)
No single metric tells the full story. See the FRA:5TI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TINC NV is a Belgium based investment company. It invests in companies that realize and operate infrastructure. The company holds a diversified investment portfolio of participation in various infrastructures, such as road and tram infrastructure, a business center, a car park, and energy infrastructure. It mainly invests in companies located in Belgium, the Netherlands, and Ireland.
73GF Score
Get the complete analysis for FRA:5TI
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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