Calnex SolutionsFRA:CSO -2.74%53 Return-on-Tangible-Equity is 24.54% as of Mar. 2026, which is 8% above its 10-year median of 22.68. GuruFocus rates FRA:CSO with a GF Score™ of 53/100 and a GF Value™ of €0.81 (Fairly Valued). The stock has 4 warning signs investors should review. Among 2,376 Hardware companies, Calnex Solutions ranks better than 52.27% 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. Calnex Solutions's annualized net income for the quarter that ended in Mar. 2026 was €3.30 Mil. Calnex Solutions's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €13.46 Mil. Therefore, Calnex Solutions's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 24.54%.
The historical rank and industry rank for Calnex Solutions's Return-on-Tangible-Equity or its related term are showing as below:
FRA:CSO'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.29 Med: 22.68 Max: 70.08
Current: 5.97
During the past 9 years, Calnex Solutions's highest Return-on-Tangible-Equity was 70.08%. The lowest was 0.29%. And the median was 22.68%.
FRA:CSO's Return-on-Tangible-Equity is ranked better than 52.27% of 2376
companies
in the Hardware industry
Industry Median: 5.265
vs FRA:CSO: 5.97
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.
Calnex Solutions Return-on-Tangible-Equity Related Terms
Calnex Solutions Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Calnex Solutions'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:CSO vs CSCO, CIEN, MSI: Return-on-Tangible-Equity Comparison
For the Communication Equipment subindustry, Calnex Solutions'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.
Calnex Solutions Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Calnex Solutions's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Calnex Solutions'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 (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 24.54% mean?
Calnex Solutions (FRA:CSO) has a Return-on-Tangible-Equity of 24.54% 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 Calnex Solutions and its competitors. This is near median its historical median of 22.68. Over the past decade, Calnex Solutions' Return-on-Tangible-Equity has ranged from 0.29 to 70.08. According to the industry distribution chart, Calnex Solutions ranks #1134 out of 2376 companies in the Hardware industry, placing it in the top 47.7%.
Is Calnex Solutions' Return-on-Tangible-Equity too high?
Calnex Solutions' current Return-on-Tangible-Equity of 24.54% is near median its 10-year median of 22.68. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 70.08. The Hardware industry median Return-on-Tangible-Equity is 5.27. Calnex Solutions' value of 24.54% is 366.1% above this industry median. Based on the distribution chart, Calnex Solutions ranks #1134 out of 2376 companies in the Hardware industry, which is above the industry midpoint. Overall, Calnex Solutions has a GF Score™ of 53/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Calnex Solutions' Return-on-Tangible-Equity compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Calnex Solutions ranks #1134 out of 2376 companies for Return-on-Tangible-Equity. This puts Calnex Solutions in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.27. Calnex Solutions' value of 24.54% is 366.1% above this benchmark. Historically, Calnex Solutions' own Return-on-Tangible-Equity has ranged from 0.29 to 70.08 over the past decade. While the company's 10-year median is 22.68 vs. the industry median of 5.27, Calnex Solutions 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 Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.27, based on 2,376 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. Calnex Solutions's current Return-on-Tangible-Equity of 24.54% is 366.1% 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 Calnex Solutions and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Calnex Solutions's current Return-on-Tangible-Equity is 24.54%, which is near median its own 10-year median of 22.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Calnex Solutions stock overvalued right now?
Based on GuruFocus' analysis, Calnex Solutions (FRA:CSO) is currently considered Fairly Valued. The stock's GF Value™ is €0.81, compared to a current price of €0.71 — trading 12.3% below its estimated fair value. The current Return-on-Tangible-Equity is 24.54%, which is near median its 10-year median of 22.68 and 366.1% above the Hardware industry median of 5.27. Calnex Solutions' overall GF Score™ is 53/100 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 Calnex Solutions (FRA:CSO), the current Return-on-Tangible-Equity is 24.54% 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 Calnex Solutions (FRA:CSO) Overvalued in 2026?
Based on GuruFocus' analysis, Calnex Solutions stock appears to be undervalued.
The current stock price of €0.71 is trading 12.3% below its estimated GF Value™ of €0.81.
GuruFocus considers Calnex Solutions to be Fairly Valued.
Key valuation signals for FRA:CSO:
Return-on-Tangible-Equity: 24.54% (near median its 10-year median of 22.68)
GF Value™: €0.81 vs. price of €0.71 (12.3% below fair value)
Industry Position: 366.1% above the Hardware median (#1134 of 2376)
No single metric tells the full story. See the FRA:CSO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Calnex Solutions PLC is a provider of test and measurement solutions for the telecommunications sector. It designs, produces, and markets test instrumentation and solutions for network synchronization and network emulation. The company offers its equipment to network operators, network providers, systems suppliers, laboratories, and network infrastructures. The company operates in North Asia, Americas and Rest of the world, out of which it derives maximum revenue from Rest of the World.
53GF Score
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