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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. FiscalNote Holdings's annualized net income for the quarter that ended in Jun. 2026 was €-96.64 Mil. FiscalNote Holdings's average shareholder tangible equity for the quarter that ended in Jun. 2026 was €-110.86 Mil. Therefore, FiscalNote Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was N/A%.
The historical rank and industry rank for FiscalNote Holdings's Return-on-Tangible-Equity or its related term are showing as below:
FRA:A2O1's Return-on-Tangible-Equity is not ranked *
in the Software industry.
Industry Median: 9.79 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
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.
FiscalNote Holdings Return-on-Tangible-Equity Related Terms
FiscalNote Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for FiscalNote 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:A2O1 vs HWNI, CYCU, KSEZ: Return-on-Tangible-Equity Comparison
For the Information Technology Services subindustry, FiscalNote 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.
FiscalNote Holdings Return-on-Tangible-Equity vs Software Industry
For the Software industry and Technology sector, FiscalNote Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where FiscalNote 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 (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 0.00% mean?
FiscalNote Holdings (FRA:A2O1) has a Return-on-Tangible-Equity of 0.00% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on FiscalNote Holdings and its competitors. According to the industry distribution chart, FiscalNote Holdings ranks #999999 out of 2485 companies in the Software industry.
Is FiscalNote Holdings' Return-on-Tangible-Equity too high?
FiscalNote Holdings' current Return-on-Tangible-Equity is 0.00%. Based on the distribution chart, FiscalNote Holdings ranks #999999 out of 2485 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, FiscalNote Holdings has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does FiscalNote Holdings' Return-on-Tangible-Equity compare to HWNI and CYCU?
According to the Software industry distribution chart, FiscalNote Holdings ranks #999999 out of 2485 companies for Return-on-Tangible-Equity. This places FiscalNote Holdings in the lower half of its industry. The industry median Return-on-Tangible-Equity is 9.79. 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 Software company?
The median Return-on-Tangible-Equity among Software companies is 9.79, based on 2,485 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. 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 FiscalNote Holdings and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 9.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FiscalNote Holdings's current Return-on-Tangible-Equity is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FiscalNote Holdings stock overvalued right now?
FiscalNote Holdings (FRA:A2O1) has a current Return-on-Tangible-Equity of 0.00%. The stock's GF Value™ is €35.25, compared to a current price of €0.55 — trading 98.4% below its estimated fair value. The current Return-on-Tangible-Equity is 0.00%. FiscalNote Holdings' overall GF Score™ is 44/100 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 FiscalNote Holdings (FRA:A2O1), the current Return-on-Tangible-Equity is 0.00% as of Jun. 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 FiscalNote Holdings (FRA:A2O1) Overvalued in 2026?
Based on GuruFocus' analysis, FiscalNote Holdings stock appears to be undervalued.
The current stock price of €0.55 is trading 98.4% below its estimated GF Value™ of €35.25.
Key valuation signals for FRA:A2O1:
Return-on-Tangible-Equity: 0.00%
GF Value™: €35.25 vs. price of €0.55 (98.4% below fair value)
No single metric tells the full story. See the FRA:A2O1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FiscalNote Holdings Inc provides technology solutions for policy and market intelligence. Its offerings include legislative tracking, regulatory analysis, and stakeholder engagement through its platform, PolicyNote, which integrates policy data with monitoring tools and analysis. The company serves a diverse customer base comprising enterprises, midsized and smaller businesses, government agencies, law firms, professional services organizations, trade groups and non-profits in more than 40 countries. It derives revenue from subscription revenue arrangements and advisory, advertising and other revenues. Geographically, the company generates the majority of its revenue from North America, and the rest from Europe, Australia, and Asia.
44GF Score
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