CamtekFRA:CMZ +4.79%93 Return-on-Tangible-Equity is 22.51% as of Mar. 2026, which is 16% above its 10-year median of 19.43. GuruFocus rates FRA:CMZ with a GF Score™ of 93/100 and a GF Value™ of €91.74 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 984 Semiconductors companies, Camtek ranks better than 63.01% 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. Camtek's annualized net income for the quarter that ended in Mar. 2026 was €109.5 Mil. Camtek's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €486.4 Mil. Therefore, Camtek's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 22.51%.
The historical rank and industry rank for Camtek's Return-on-Tangible-Equity or its related term are showing as below:
FRA:CMZ'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.75 Med: 19.43 Max: 28
Current: 9.01
During the past 13 years, Camtek's highest Return-on-Tangible-Equity was 28.00%. The lowest was 6.75%. And the median was 19.43%.
FRA:CMZ's Return-on-Tangible-Equity is ranked better than 63.01% of 984
companies
in the Semiconductors industry
Industry Median: 5.24
vs FRA:CMZ: 9.01
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.
Camtek Return-on-Tangible-Equity Related Terms
Camtek Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Camtek'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:CMZ vs ACMR, KLIC, UCTT: Return-on-Tangible-Equity Comparison
For the Semiconductor Equipment & Materials subindustry, Camtek'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.
Camtek Return-on-Tangible-Equity vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Camtek's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Camtek'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 22.51% mean?
Camtek (FRA:CMZ) has a Return-on-Tangible-Equity of 22.51% 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 Camtek and its competitors. This is 16% above median its historical median of 19.43. Over the past decade, Camtek's Return-on-Tangible-Equity has ranged from 6.75 to 28.00. According to the industry distribution chart, Camtek ranks #364 out of 984 companies in the Semiconductors industry, placing it in the top 37%.
Is Camtek's Return-on-Tangible-Equity too high?
Camtek's current Return-on-Tangible-Equity of 22.51% is 16% above median its 10-year median of 19.43. Over the past 10 years, this metric has ranged from a low of 6.75 to a high of 28.00. The Semiconductors industry median Return-on-Tangible-Equity is 5.24. Camtek's value of 22.51% is 329.6% above this industry median. Based on the distribution chart, Camtek ranks #364 out of 984 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Camtek has a GF Score™ of 93/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Camtek's Return-on-Tangible-Equity compare to ACMR and KLIC?
According to the Semiconductors industry distribution chart, Camtek ranks #364 out of 984 companies for Return-on-Tangible-Equity. This puts Camtek in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.24. Camtek's value of 22.51% is 329.6% above this benchmark. Historically, Camtek's own Return-on-Tangible-Equity has ranged from 6.75 to 28.00 over the past decade. While the company's 10-year median is 19.43 vs. the industry median of 5.24, Camtek 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 Semiconductors company?
The median Return-on-Tangible-Equity among Semiconductors companies is 5.24, based on 984 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. Camtek's current Return-on-Tangible-Equity of 22.51% is 329.6% 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 Camtek and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Equity is 5.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Camtek's current Return-on-Tangible-Equity is 22.51%, which is 16% above median its own 10-year median of 19.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Camtek stock overvalued right now?
Based on GuruFocus' analysis, Camtek (FRA:CMZ) is currently considered Significantly Overvalued. The stock's GF Value™ is €91.74, compared to a current price of €124.80 — trading 36% above its estimated fair value. The current Return-on-Tangible-Equity is 22.51%, which is 16% above median its 10-year median of 19.43 and 329.6% above the Semiconductors industry median of 5.24. Camtek's overall GF Score™ is 93/100 with 3 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 Camtek (FRA:CMZ), the current Return-on-Tangible-Equity is 22.51% 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 Camtek (FRA:CMZ) Overvalued in 2026?
Based on GuruFocus' analysis, Camtek stock appears to be overvalued.
The current stock price of €124.80 is trading 36% above its estimated GF Value™ of €91.74.
GuruFocus considers Camtek to be Significantly Overvalued.
Key valuation signals for FRA:CMZ:
Return-on-Tangible-Equity: 22.51% (16% above median its 10-year median of 19.43)
GF Value™: €91.74 vs. price of €124.80 (36% above fair value)
Industry Position: 329.6% above the Semiconductors median (#364 of 984)
No single metric tells the full story. See the FRA:CMZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Camtek Ltd is engaged in the manufacturing of metrology and inspection equipment and software solutions for the semiconductor industry. Its systems inspect wafers for various semiconductor market segments, including Advanced Packaging, Chiplets, HBM, Compound Semiconductors, Memory, CMOS Image Sensors, Power, RF and MEMS, serving the industry's IDMs, OSATs, and foundries. Geographically, it derives maximum revenue from China followed by Asia Pacific, Korea, United States, and Europe. The company's products and services include Surface Inspection, Bump Inspection and Metrology, and others.
93GF Score
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