Infroneer HoldingsFRA:96L +2.67%32 Return-on-Tangible-Equity is 54.20% as of Mar. 2026, which is 54% above its 10-year median of 35.18. GuruFocus rates FRA:96L with a GF Score™ of 32/100 and a GF Value™ of €10.38 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,706 Construction companies, Infroneer Holdings ranks better than 89.51% 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. Infroneer Holdings's annualized net income for the quarter that ended in Mar. 2026 was €548 Mil. Infroneer Holdings's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €1,010 Mil. Therefore, Infroneer Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 54.20%.
The historical rank and industry rank for Infroneer Holdings's Return-on-Tangible-Equity or its related term are showing as below:
FRA:96L'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 15 Med: 35.18 Max: 52.27
Current: 50.55
During the past 5 years, Infroneer Holdings's highest Return-on-Tangible-Equity was 52.27%. The lowest was 15.00%. And the median was 35.18%.
FRA:96L's Return-on-Tangible-Equity is ranked better than 89.51% of 1706
companies
in the Construction industry
Industry Median: 8.245
vs FRA:96L: 50.55
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.
Infroneer Holdings Return-on-Tangible-Equity Related Terms
Infroneer Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Infroneer Holdings'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:96L vs PWR, FIX, EME: Return-on-Tangible-Equity Comparison
For the Engineering & Construction subindustry, Infroneer Holdings'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.
Infroneer Holdings Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, Infroneer Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Infroneer Holdings'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 54.20% mean?
Infroneer Holdings (FRA:96L) has a Return-on-Tangible-Equity of 54.20% 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 Infroneer Holdings and its competitors. This is 54% above median its historical median of 35.18. Over the past decade, Infroneer Holdings' Return-on-Tangible-Equity has ranged from 15.00 to 52.27. According to the industry distribution chart, Infroneer Holdings ranks #179 out of 1706 companies in the Construction industry, placing it in the top 10.5%.
Is Infroneer Holdings' Return-on-Tangible-Equity too high?
Infroneer Holdings' current Return-on-Tangible-Equity of 54.20% is 54% above median its 10-year median of 35.18. Over the past 10 years, this metric has ranged from a low of 15.00 to a high of 52.27. The Construction industry median Return-on-Tangible-Equity is 8.25. Infroneer Holdings' value of 54.20% is 557.4% above this industry median. Based on the distribution chart, Infroneer Holdings ranks #179 out of 1706 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Infroneer Holdings has a GF Score™ of 32/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Infroneer Holdings' Return-on-Tangible-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, Infroneer Holdings ranks #179 out of 1706 companies for Return-on-Tangible-Equity. This places Infroneer Holdings in the top 11% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.25. Infroneer Holdings' value of 54.20% is 557.4% above this benchmark. Historically, Infroneer Holdings' own Return-on-Tangible-Equity has ranged from 15.00 to 52.27 over the past decade. While the company's 10-year median is 35.18 vs. the industry median of 8.25, Infroneer Holdings 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 a Construction company?
The median Return-on-Tangible-Equity among Construction companies is 8.25, based on 1,706 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. Infroneer Holdings's current Return-on-Tangible-Equity of 54.20% is 557.4% 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 Infroneer Holdings and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Infroneer Holdings's current Return-on-Tangible-Equity is 54.20%, which is 54% above median its own 10-year median of 35.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Infroneer Holdings stock overvalued right now?
Based on GuruFocus' analysis, Infroneer Holdings (FRA:96L) is currently considered Significantly Overvalued. The stock's GF Value™ is €10.38, compared to a current price of €15.40 — trading 48.4% above its estimated fair value. The current Return-on-Tangible-Equity is 54.20%, which is 54% above median its 10-year median of 35.18 and 557.4% above the Construction industry median of 8.25. Infroneer Holdings' overall GF Score™ is 32/100 with 6 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 Infroneer Holdings (FRA:96L), the current Return-on-Tangible-Equity is 54.20% 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 Infroneer Holdings (FRA:96L) Overvalued in 2026?
Based on GuruFocus' analysis, Infroneer Holdings stock appears to be overvalued.
The current stock price of €15.40 is trading 48.4% above its estimated GF Value™ of €10.38.
GuruFocus considers Infroneer Holdings to be Significantly Overvalued.
Key valuation signals for FRA:96L:
Return-on-Tangible-Equity: 54.20% (54% above median its 10-year median of 35.18)
GF Value™: €10.38 vs. price of €15.40 (48.4% above fair value)
Industry Position: 557.4% above the Construction median (#179 of 1706)
No single metric tells the full story. See the FRA:96L stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Infroneer Holdings Inc is a Japan-based company engaged in construction and infrastructure-related businesses. The company operates through five segments: the Construction Business, which handles construction work for apartment complexes, factories, and logistics facilities; the Civil Engineering Business, which focuses on bridges, tunnels, and related projects; the Paving Business, which conducts paving work and manufactures asphalt mixtures; the Machinery Business, which involves the sale and rental of construction machinery; and the Infrastructure Operation Business, which is engaged in concession projects and renewable energy-related operations including the development, maintenance, and management of public infrastructure. It generates majority of revenue from Construction segment.
32GF Score
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