XTBFRA:9PR +1.79%85 Return-on-Tangible-Equity is 94.31% as of Mar. 2026, which is 222% above its 10-year median of 29.30. GuruFocus rates FRA:9PR with a GF Score™ of 85/100 and a GF Value™ of €22.52 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 781 Capital Markets companies, XTB ranks better than 91.81% 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. XTB's annualized net income for the quarter that ended in Mar. 2026 was €495.3 Mil. XTB's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €525.2 Mil. Therefore, XTB's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 94.31%.
The historical rank and industry rank for XTB's Return-on-Tangible-Equity or its related term are showing as below:
FRA:9PR'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 12.22 Med: 29.3 Max: 63.32
Current: 47.79
During the past 11 years, XTB's highest Return-on-Tangible-Equity was 63.32%. The lowest was 12.22%. And the median was 29.30%.
FRA:9PR's Return-on-Tangible-Equity is ranked better than 91.81% of 781
companies
in the Capital Markets industry
Industry Median: 6.52
vs FRA:9PR: 47.79
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.
XTB Return-on-Tangible-Equity Related Terms
XTB Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for XTB'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:9PR vs MS, GS, SCHW: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, XTB'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.
XTB Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, XTB's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where XTB'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 94.31% mean?
XTB (FRA:9PR) has a Return-on-Tangible-Equity of 94.31% 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 XTB and its competitors. This is 222% above median its historical median of 29.30. Over the past decade, XTB's Return-on-Tangible-Equity has ranged from 12.22 to 63.32. According to the industry distribution chart, XTB ranks #64 out of 781 companies in the Capital Markets industry, placing it in the top 8.2%.
Is XTB's Return-on-Tangible-Equity too high?
XTB's current Return-on-Tangible-Equity of 94.31% is 222% above median its 10-year median of 29.30. Over the past 10 years, this metric has ranged from a low of 12.22 to a high of 63.32. The Capital Markets industry median Return-on-Tangible-Equity is 6.52. XTB's value of 94.31% is 1346.5% above this industry median. Based on the distribution chart, XTB ranks #64 out of 781 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, XTB has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does XTB's Return-on-Tangible-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, XTB ranks #64 out of 781 companies for Return-on-Tangible-Equity. This places XTB in the top 8% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.52. XTB's value of 94.31% is 1346.5% above this benchmark. Historically, XTB's own Return-on-Tangible-Equity has ranged from 12.22 to 63.32 over the past decade. While the company's 10-year median is 29.30 vs. the industry median of 6.52, XTB 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 Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.52, based on 781 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. XTB's current Return-on-Tangible-Equity of 94.31% is 1346.5% 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 XTB and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. XTB's current Return-on-Tangible-Equity is 94.31%, which is 222% above median its own 10-year median of 29.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is XTB stock overvalued right now?
Based on GuruFocus' analysis, XTB (FRA:9PR) is currently considered Modestly Overvalued. The stock's GF Value™ is €22.52, compared to a current price of €27.00 — trading 19.9% above its estimated fair value. The current Return-on-Tangible-Equity is 94.31%, which is 222% above median its 10-year median of 29.30 and 1346.5% above the Capital Markets industry median of 6.52. XTB's overall GF Score™ is 85/100 with 7 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 XTB (FRA:9PR), the current Return-on-Tangible-Equity is 94.31% 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 XTB (FRA:9PR) Overvalued in 2026?
Based on GuruFocus' analysis, XTB stock appears to be overvalued.
The current stock price of €27.00 is trading 19.9% above its estimated GF Value™ of €22.52.
GuruFocus considers XTB to be Modestly Overvalued.
Key valuation signals for FRA:9PR:
Return-on-Tangible-Equity: 94.31% (222% above median its 10-year median of 29.30)
GF Value™: €22.52 vs. price of €27.00 (19.9% above fair value)
Industry Position: 1346.5% above the Capital Markets median (#64 of 781)
No single metric tells the full story. See the FRA:9PR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
XTB SA is engaged in brokerage activities business. It is a Polish broker from the fin-tech sector, providing products and services dedicated to active investing, saving, and virtual payment management. The group conducts its operations through two business segments; the Retail segment includes the provision of trading in financial instruments for individual customers; the Institutional segment includes the provision of trading in financial instruments and offering trade infrastructure to entities (institutions), which in turn provide services of trading in financial instruments for their customers under their brand. It derives a majority of its revenue from the Retail segment.
85GF Score
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