Ceres Power HoldingsFRA:CFJ -0.68%47 Return-on-Tangible-Equity is -52.87% as of Dec. 2025. GuruFocus rates FRA:CFJ with a GF Score™ of 47/100 and a GF Value™ of €1.81 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,968 Industrial Products companies, Ceres Power Holdings ranks worse than 94.95% 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. Ceres Power Holdings's annualized net income for the quarter that ended in Dec. 2025 was €-63.80 Mil. Ceres Power Holdings's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €120.67 Mil. Therefore, Ceres Power Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was -52.87%.
The historical rank and industry rank for Ceres Power Holdings's Return-on-Tangible-Equity or its related term are showing as below:
FRA:CFJ'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -74.8 Med: -28.27 Max: -10.21
Current: -41.76
During the past 13 years, Ceres Power Holdings's highest Return-on-Tangible-Equity was -10.21%. The lowest was -74.80%. And the median was -28.27%.
FRA:CFJ's Return-on-Tangible-Equity is ranked worse than 94.95% of 2968
companies
in the Industrial Products industry
Industry Median: 6.72
vs FRA:CFJ: -41.76
Ceres Power Holdings (FRA:CFJ) 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.
Ceres Power Holdings Return-on-Tangible-Equity Related Terms
Ceres Power Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Ceres Power 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.
Ceres Power Holdings Return-on-Tangible-Equity Chart
FRA:CFJ vs VRT, BE: Return-on-Tangible-Equity Comparison
For the Electrical Equipment & Parts subindustry, Ceres Power 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.
Ceres Power Holdings Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ceres Power Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ceres Power 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 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 -52.87% mean?
Ceres Power Holdings (FRA:CFJ) has a Return-on-Tangible-Equity of -52.87% 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 Ceres Power Holdings and its competitors. According to the industry distribution chart, Ceres Power Holdings ranks #2818 out of 2968 companies in the Industrial Products industry, placing it in the top 94.9%.
Is Ceres Power Holdings' Return-on-Tangible-Equity too high?
Ceres Power Holdings' current Return-on-Tangible-Equity is -52.87%. Based on the distribution chart, Ceres Power Holdings ranks #2818 out of 2968 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Ceres Power Holdings has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ceres Power Holdings' Return-on-Tangible-Equity compare to VRT and BE?
According to the Industrial Products industry distribution chart, Ceres Power Holdings ranks #2818 out of 2968 companies for Return-on-Tangible-Equity. This places Ceres Power Holdings in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.72. 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 an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.72, based on 2,968 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 Ceres Power Holdings and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ceres Power Holdings's current Return-on-Tangible-Equity is -52.87%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ceres Power Holdings stock overvalued right now?
Based on GuruFocus' analysis, Ceres Power Holdings (FRA:CFJ) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.81, compared to a current price of €2.94 — trading 62.4% above its estimated fair value. The current Return-on-Tangible-Equity is -52.87%. Ceres Power Holdings' overall GF Score™ is 47/100 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 Ceres Power Holdings (FRA:CFJ), the current Return-on-Tangible-Equity is -52.87% 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 Ceres Power Holdings (FRA:CFJ) Overvalued in 2026?
Based on GuruFocus' analysis, Ceres Power Holdings stock appears to be overvalued.
The current stock price of €2.94 is trading 62.4% above its estimated GF Value™ of €1.81.
GuruFocus considers Ceres Power Holdings to be Significantly Overvalued.
Key valuation signals for FRA:CFJ:
Return-on-Tangible-Equity: -52.87%
GF Value™: €1.81 vs. price of €2.94 (62.4% above fair value)
No single metric tells the full story. See the FRA:CFJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ceres Power Holdings PLC is a primary developer of clean energy technology fuel cells for power generation and electrolysers to produce green hydrogen. Its licensing model enables partners to develop solid oxide technology supporting greater electrification of energy systems, including AI data centres, commercial and industrial applications, and produce green hydrogen at high efficiencies as a route to decarbonise emissions-intensive industries such as ammonia, steelmaking and electrofuels. The majority of revenue comes from Asian country followed by Europe and North America.
47GF Score
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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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