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Firefly ABFRA:A63 86 Return-on-Tangible-Equity is 17.83% as of Mar. 2026, which is 38% below its 10-year median of 28.54. GuruFocus rates FRA:A63 with a GF Score™ of 86/100 and a GF Value™ of €16.15. The stock has 2 warning signs investors should review. Among 1,710 Construction companies, Firefly AB ranks better than 80% 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. Firefly AB's annualized net income for the quarter that ended in Mar. 2026 was €34.4 Mil. Firefly AB's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €192.9 Mil. Therefore, Firefly AB's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 17.83%.
The historical rank and industry rank for Firefly AB's Return-on-Tangible-Equity or its related term are showing as below:
FRA:A63'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 13.78 Med: 28.54 Max: 37.14
Current: 23.77
During the past 13 years, Firefly AB's highest Return-on-Tangible-Equity was 37.14%. The lowest was 13.78%. And the median was 28.54%.
FRA:A63's Return-on-Tangible-Equity is ranked better than 80% of 1710
companies
in the Construction industry
Industry Median: 8.21
vs FRA:A63: 23.77
Firefly AB (FRA:A63) 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.
Firefly AB Return-on-Tangible-Equity Related Terms
Firefly AB Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Firefly AB'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:A63 vs TT, JCI, CARR: Return-on-Tangible-Equity Comparison
For the Building Products & Equipment subindustry, Firefly AB'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.
Firefly AB Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, Firefly AB's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Firefly AB'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 17.83% mean?
Firefly AB (FRA:A63) has a Return-on-Tangible-Equity of 17.83% 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 Firefly AB and its competitors. This is 38% below median its historical median of 28.54. Over the past decade, Firefly AB's Return-on-Tangible-Equity has ranged from 13.78 to 37.14. According to the industry distribution chart, Firefly AB ranks #342 out of 1710 companies in the Construction industry, placing it in the top 20%.
Is Firefly AB's Return-on-Tangible-Equity too high?
Firefly AB's current Return-on-Tangible-Equity of 17.83% is 38% below median its 10-year median of 28.54. Over the past 10 years, this metric has ranged from a low of 13.78 to a high of 37.14. The Construction industry median Return-on-Tangible-Equity is 8.21. Firefly AB's value of 17.83% is 117.2% above this industry median. Based on the distribution chart, Firefly AB ranks #342 out of 1710 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Firefly AB has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does Firefly AB's Return-on-Tangible-Equity compare to TT and JCI?
According to the Construction industry distribution chart, Firefly AB ranks #342 out of 1710 companies for Return-on-Tangible-Equity. This places Firefly AB in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.21. Firefly AB's value of 17.83% is 117.2% above this benchmark. Historically, Firefly AB's own Return-on-Tangible-Equity has ranged from 13.78 to 37.14 over the past decade. While the company's 10-year median is 28.54 vs. the industry median of 8.21, Firefly AB 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 8.21, based on 1,710 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. Firefly AB's current Return-on-Tangible-Equity of 17.83% is 117.2% 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 Firefly AB and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Firefly AB's current Return-on-Tangible-Equity is 17.83%, which is 38% below median its own 10-year median of 28.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Firefly AB stock overvalued right now?
Firefly AB (FRA:A63) has a current Return-on-Tangible-Equity of 17.83%. The stock's GF Value™ is €16.15, compared to a current price of €13.50 — trading 16.4% below its estimated fair value. The current Return-on-Tangible-Equity is 17.83%, which is 38% below median its 10-year median of 28.54 and 117.2% above the Construction industry median of 8.21. Firefly AB's overall GF Score™ is 86/100 with 2 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 Firefly AB (FRA:A63), the current Return-on-Tangible-Equity is 17.83% 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 Firefly AB (FRA:A63) Overvalued in 2026?
Based on GuruFocus' analysis, Firefly AB stock appears to be undervalued.
The current stock price of €13.50 is trading 16.4% below its estimated GF Value™ of €16.15.
Key valuation signals for FRA:A63:
Return-on-Tangible-Equity: 17.83% (38% below median its 10-year median of 28.54)
GF Value™: €16.15 vs. price of €13.50 (16.4% below fair value)
Industry Position: 117.2% above the Construction median (#342 of 1710)
No single metric tells the full story. See the FRA:A63 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Firefly AB is a supplier of spark detection, fire and dust explosion protection systems in Sweden. The company develops, manufactures and sells high-tech systems, which detect and minimise the risk of fires and dust explosions. It has two business areas: Industrial applications and Infra systems. Industrial applications include customized fire prevention systems, which monitor industrial processes in areas such as tissue, food, woodworking, bioenergy, and recycling. The business area of Infra systems includes early fire detection in subway-, train-, road or cable tunnel systems by means of multiple-gas detection.
86GF Score
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