BunzlFRA:BUZ -0.65%81 Return-on-Tangible-Equity is Negative Tangible Equity% as of Dec. 2025. GuruFocus rates FRA:BUZ with a GF Score™ of 81/100 and a GF Value™ of €17.80. The stock has 7 warning signs investors should review. Among 300 Retail - Defensive companies, Bunzl ranks better than 99.67% 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. Bunzl's annualized net income for the quarter that ended in Dec. 2025 was €634 Mil. Bunzl's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €-1,069 Mil. Therefore, Bunzl's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was Negative Tangible Equity%.
The historical rank and industry rank for Bunzl's Return-on-Tangible-Equity or its related term are showing as below:
FRA:BUZ'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0
Current: Negative Tangible Equity
FRA:BUZ's Return-on-Tangible-Equity is ranked better than 99.67% of 300
companies
in the Retail - Defensive industry
Industry Median: 11.085
vs FRA:BUZ: Negative Tangible Equity
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.
Bunzl Return-on-Tangible-Equity Related Terms
Bunzl Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Bunzl'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:BUZ vs SYY, USFD, PFGC: Return-on-Tangible-Equity Comparison
For the Food Distribution subindustry, Bunzl'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.
Bunzl Return-on-Tangible-Equity vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Bunzl's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Bunzl'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 two times the semi-annual (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of Negative Tangible Equity% mean?
Bunzl (FRA:BUZ) has a Return-on-Tangible-Equity of Negative Tangible Equity% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Bunzl and its competitors. According to the industry distribution chart, Bunzl ranks #1 out of 300 companies in the Retail - Defensive industry, placing it in the top 0.3%.
Is Bunzl's Return-on-Tangible-Equity too high?
Bunzl's current Return-on-Tangible-Equity is Negative Tangible Equity%. Based on the distribution chart, Bunzl ranks #1 out of 300 companies in the Retail - Defensive industry, which is in the top quartile — a strong position relative to peers. Overall, Bunzl has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Bunzl's Return-on-Tangible-Equity compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Bunzl ranks #1 out of 300 companies for Return-on-Tangible-Equity. This places Bunzl in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 11.09. 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 Retail - Defensive company?
The median Return-on-Tangible-Equity among Retail - Defensive companies is 11.09, based on 300 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 Bunzl and its competitors. For the Retail - Defensive industry, the median Return-on-Tangible-Equity is 11.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bunzl's current Return-on-Tangible-Equity is Negative Tangible Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bunzl stock overvalued right now?
Bunzl (FRA:BUZ) has a current Return-on-Tangible-Equity of Negative Tangible Equity%. The stock's GF Value™ is €17.80, compared to a current price of €15.30 — trading 14% below its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Bunzl's overall GF Score™ is 81/100 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 Bunzl (FRA:BUZ), the current Return-on-Tangible-Equity is Negative Tangible Equity% as of Dec. 2025. 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 Bunzl (FRA:BUZ) Overvalued in 2026?
Based on GuruFocus' analysis, Bunzl stock appears to be undervalued.
The current stock price of €15.30 is trading 14% below its estimated GF Value™ of €17.80.
No single metric tells the full story. See the FRA:BUZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bunzl is a worldwide distributor of nonfood consumables, including disposable cutlery, cleaning products, and personal protective equipment. The company's geographical segments include North America, continental Europe, the UK and Ireland, and the rest of the world, with North America generating the highest revenues. Bunzl supplies to a broad range of sectors, with the largest being food service and grocery. Its customers include firms such as Sodexo, Walmart, Domino's Pizza, Hilton, and the UK's National Health Service.
81GF Score
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