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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. Pferdewetten de AG's annualized net income for the quarter that ended in Sep. 2025 was €-9.38 Mil. Pferdewetten de AG's average shareholder tangible equity for the quarter that ended in Sep. 2025 was €5.39 Mil. Therefore, Pferdewetten de AG's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2025 was -173.82%.
The historical rank and industry rank for Pferdewetten de AG's Return-on-Tangible-Equity or its related term are showing as below:
FRA:EMH'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1380.69 Med: 10.33 Max: 62611.28
Current: -1380.69
During the past 13 years, Pferdewetten de AG's highest Return-on-Tangible-Equity was 62,611.28%. The lowest was -1,380.69%. And the median was 10.33%.
FRA:EMH's Return-on-Tangible-Equity is ranked worse than 100% of 794
companies
in the Travel & Leisure industry
Industry Median: 7.7
vs FRA:EMH: -1380.69
Pferdewetten de AG (FRA:EMH) 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.
Pferdewetten de AG Return-on-Tangible-Equity Related Terms
Pferdewetten de AG Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Pferdewetten de AG'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.
Pferdewetten de AG Return-on-Tangible-Equity Chart
FRA:EMH vs FLUT, DKNG, SGHC: Return-on-Tangible-Equity Comparison
For the Gambling subindustry, Pferdewetten de AG'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.
Pferdewetten de AG Return-on-Tangible-Equity vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Pferdewetten de AG's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Pferdewetten de AG'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 (Sep. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -173.82% mean?
Pferdewetten de AG (FRA:EMH) has a Return-on-Tangible-Equity of -173.82% as of Sep. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Pferdewetten de AG and its competitors. According to the industry distribution chart, Pferdewetten de AG ranks #794 out of 794 companies in the Travel & Leisure industry.
Is Pferdewetten de AG's Return-on-Tangible-Equity too high?
Pferdewetten de AG's current Return-on-Tangible-Equity is -173.82%. Based on the distribution chart, Pferdewetten de AG ranks #794 out of 794 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Pferdewetten de AG has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Pferdewetten de AG's Return-on-Tangible-Equity compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, Pferdewetten de AG ranks #794 out of 794 companies for Return-on-Tangible-Equity. This places Pferdewetten de AG in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.70. 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 Travel & Leisure company?
The median Return-on-Tangible-Equity among Travel & Leisure companies is 7.70, based on 794 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 Pferdewetten de AG and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Equity is 7.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pferdewetten de AG's current Return-on-Tangible-Equity is -173.82%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pferdewetten de AG stock overvalued right now?
Based on GuruFocus' analysis, Pferdewetten de AG (FRA:EMH) is currently considered Possible Value Trap. The stock's GF Value™ is €32.87, compared to a current price of €2.28 — trading 93.1% below its estimated fair value. The current Return-on-Tangible-Equity is -173.82%. Pferdewetten de AG's overall GF Score™ is 65/100 with 5 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 Pferdewetten de AG (FRA:EMH), the current Return-on-Tangible-Equity is -173.82% as of Sep. 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 Pferdewetten de AG (FRA:EMH) Overvalued in 2026?
Based on GuruFocus' analysis, Pferdewetten de AG stock appears to be undervalued.
The current stock price of €2.28 is trading 93.1% below its estimated GF Value™ of €32.87.
GuruFocus considers Pferdewetten de AG to be Possible Value Trap.
Key valuation signals for FRA:EMH:
Return-on-Tangible-Equity: -173.82%
GF Value™: €32.87 vs. price of €2.28 (93.1% below fair value)
No single metric tells the full story. See the FRA:EMH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pferdewetten de AG is involved in arranging and placing bets for horse racing and other sports events. It engages in the online and offline horse betting business in Germany. Its horse betting services range from betting on German galloping and trotting to English, French, and other international horse races. The company also provides online horse betting services through its Internet platform pferdewetten.de. In addition, it offers consultancy and training services for the implementation and processing of sports and horse betting.
65GF Score
Get the complete analysis for FRA:EMH
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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