CD ProjektFRA:7CD +6.28%83 Return-on-Tangible-Equity is 22.21% as of Mar. 2026, which is 24% below its 10-year median of 29.08. GuruFocus rates FRA:7CD with a GF Score™ of 83/100 and a GF Value™ of €31.66 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 490 Interactive Media companies, CD Projekt ranks better than 71.02% 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. CD Projekt's annualized net income for the quarter that ended in Mar. 2026 was €98.5 Mil. CD Projekt's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €443.7 Mil. Therefore, CD Projekt's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 22.21%.
The historical rank and industry rank for CD Projekt's Return-on-Tangible-Equity or its related term are showing as below:
FRA:7CD'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 13.52 Med: 29.08 Max: 146.39
Current: 17.97
During the past 13 years, CD Projekt's highest Return-on-Tangible-Equity was 146.39%. The lowest was 13.52%. And the median was 29.08%.
FRA:7CD's Return-on-Tangible-Equity is ranked better than 71.02% of 490
companies
in the Interactive Media industry
Industry Median: 5.865
vs FRA:7CD: 17.97
CD Projekt (FRA:7CD) 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.
CD Projekt Return-on-Tangible-Equity Related Terms
CD Projekt Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for CD Projekt'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:7CD vs NTES, EA, TTWO: Return-on-Tangible-Equity Comparison
For the Electronic Gaming & Multimedia subindustry, CD Projekt'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.
CD Projekt Return-on-Tangible-Equity vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, CD Projekt's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where CD Projekt'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 22.21% mean?
CD Projekt (FRA:7CD) has a Return-on-Tangible-Equity of 22.21% 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 CD Projekt and its competitors. This is 24% below median its historical median of 29.08. Over the past decade, CD Projekt's Return-on-Tangible-Equity has ranged from 13.52 to 146.39. According to the industry distribution chart, CD Projekt ranks #142 out of 490 companies in the Interactive Media industry, placing it in the top 29%.
Is CD Projekt's Return-on-Tangible-Equity too high?
CD Projekt's current Return-on-Tangible-Equity of 22.21% is 24% below median its 10-year median of 29.08. Over the past 10 years, this metric has ranged from a low of 13.52 to a high of 146.39. The Interactive Media industry median Return-on-Tangible-Equity is 5.87. CD Projekt's value of 22.21% is 278.7% above this industry median. Based on the distribution chart, CD Projekt ranks #142 out of 490 companies in the Interactive Media industry, which is above the industry midpoint. Overall, CD Projekt has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CD Projekt's Return-on-Tangible-Equity compare to NTES and EA?
According to the Interactive Media industry distribution chart, CD Projekt ranks #142 out of 490 companies for Return-on-Tangible-Equity. This puts CD Projekt in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.87. CD Projekt's value of 22.21% is 278.7% above this benchmark. Historically, CD Projekt's own Return-on-Tangible-Equity has ranged from 13.52 to 146.39 over the past decade. While the company's 10-year median is 29.08 vs. the industry median of 5.87, CD Projekt 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 Interactive Media company?
The median Return-on-Tangible-Equity among Interactive Media companies is 5.87, based on 490 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. CD Projekt's current Return-on-Tangible-Equity of 22.21% is 278.7% 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 CD Projekt and its competitors. For the Interactive Media industry, the median Return-on-Tangible-Equity is 5.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CD Projekt's current Return-on-Tangible-Equity is 22.21%, which is 24% below median its own 10-year median of 29.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CD Projekt stock overvalued right now?
Based on GuruFocus' analysis, CD Projekt (FRA:7CD) is currently considered Significantly Overvalued. The stock's GF Value™ is €31.66, compared to a current price of €54.84 — trading 73.2% above its estimated fair value. The current Return-on-Tangible-Equity is 22.21%, which is 24% below median its 10-year median of 29.08 and 278.7% above the Interactive Media industry median of 5.87. CD Projekt's overall GF Score™ is 83/100 with 3 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 CD Projekt (FRA:7CD), the current Return-on-Tangible-Equity is 22.21% 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 CD Projekt (FRA:7CD) Overvalued in 2026?
Based on GuruFocus' analysis, CD Projekt stock appears to be overvalued.
The current stock price of €54.84 is trading 73.2% above its estimated GF Value™ of €31.66.
GuruFocus considers CD Projekt to be Significantly Overvalued.
Key valuation signals for FRA:7CD:
Return-on-Tangible-Equity: 22.21% (24% below median its 10-year median of 29.08)
GF Value™: €31.66 vs. price of €54.84 (73.2% above fair value)
Industry Position: 278.7% above the Interactive Media median (#142 of 490)
No single metric tells the full story. See the FRA:7CD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CD Projekt SA is the holding company of the CD Projekt capital group. The firm, with its subsidiary, develops and publishes video games for hardware platforms such as Steam, PlayStation Store, Xbox Games Store, Nintendo, App Store, Humble Bundle, Origin, and its own proprietary GOG.com platform. It is also involved in international digital video game distribution. The firm has CD Projekt Red and GOG.com segments. It derives the majority of its revenues from the CD Projekt Red segment.
83GF Score
Get the complete analysis for FRA:7CD
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:7CD has been successfully added to your 
