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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. Forgame Holdings's annualized net income for the quarter that ended in Dec. 2025 was €-6.37 Mil. Forgame Holdings's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €46.19 Mil. Therefore, Forgame Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was -13.79%.
The historical rank and industry rank for Forgame Holdings's Return-on-Tangible-Equity or its related term are showing as below:
FRA:FH0'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -36.41 Med: -9.98 Max: 8.62
Current: -12.1
During the past 13 years, Forgame Holdings's highest Return-on-Tangible-Equity was 8.62%. The lowest was -36.41%. And the median was -9.98%.
FRA:FH0's Return-on-Tangible-Equity is ranked worse than 84.05% of 2383
companies
in the Hardware industry
Industry Median: 5.34
vs FRA:FH0: -12.10
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.
Forgame Holdings Return-on-Tangible-Equity Related Terms
Forgame Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Forgame 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.
FRA:FH0 vs SNX, ARW, AVT: Return-on-Tangible-Equity Comparison
For the Electronics & Computer Distribution subindustry, Forgame 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.
Forgame Holdings Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Forgame Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Forgame 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 -13.79% mean?
Forgame Holdings (FRA:FH0) has a Return-on-Tangible-Equity of -13.79% 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 Forgame Holdings and its competitors. According to the industry distribution chart, Forgame Holdings ranks #2003 out of 2383 companies in the Hardware industry, placing it in the top 84.1%.
Is Forgame Holdings' Return-on-Tangible-Equity too high?
Forgame Holdings' current Return-on-Tangible-Equity is -13.79%. Based on the distribution chart, Forgame Holdings ranks #2003 out of 2383 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Forgame Holdings has a GF Score™ of 56/100, reflecting its overall financial health beyond just this single metric.
How does Forgame Holdings' Return-on-Tangible-Equity compare to SNX and ARW?
According to the Hardware industry distribution chart, Forgame Holdings ranks #2003 out of 2383 companies for Return-on-Tangible-Equity. This places Forgame Holdings in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.34. 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 5.34, based on 2,383 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 Forgame Holdings and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forgame Holdings's current Return-on-Tangible-Equity is -13.79%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forgame Holdings stock overvalued right now?
Forgame Holdings (FRA:FH0) has a current Return-on-Tangible-Equity of -13.79%. The stock's GF Value™ is €0.14, compared to a current price of €0.07 — trading 47.5% below its estimated fair value. The current Return-on-Tangible-Equity is -13.79%. Forgame Holdings' overall GF Score™ is 56/100 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 Forgame Holdings (FRA:FH0), the current Return-on-Tangible-Equity is -13.79% 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 Forgame Holdings (FRA:FH0) Overvalued in 2026?
Based on GuruFocus' analysis, Forgame Holdings stock appears to be undervalued.
The current stock price of €0.07 is trading 47.5% below its estimated GF Value™ of €0.14.
Key valuation signals for FRA:FH0:
Return-on-Tangible-Equity: -13.79%
GF Value™: €0.14 vs. price of €0.07 (47.5% below fair value)
No single metric tells the full story. See the FRA:FH0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Forgame Holdings Ltd is an investment holding company. Along with its subsidiaries, it is engaged in developing and publishing domestic and overseas web games and mobile games, and trading of electronic devices and semiconductors in the People's Republic of China (PRC). The Group's operating segments are: Game business, and Electronic device and semiconductor business. The majority of its revenue is derived from the Electronic Device and Semiconductor Business, which is engaged in trading storage solutions and semiconductor components for enterprise-level products, providing various products from components to systems. Geographically, the Group generates maximum revenue from PRC (excluding Hong Kong), and the rest from other regions.
56GF Score
Get the complete analysis for FRA:FH0
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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