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. ArcelorMittal South Africa's annualized net income for the quarter that ended in Dec. 2025 was €-200 Mil. ArcelorMittal South Africa's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €14 Mil. Therefore, ArcelorMittal South Africa's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was -1,398.70%.
The historical rank and industry rank for ArcelorMittal South Africa's Return-on-Tangible-Equity or its related term are showing as below:
FRA:ISC1'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -379.58 Med: -44.22 Max: 117.69
Current: -346.89
During the past 13 years, ArcelorMittal South Africa's highest Return-on-Tangible-Equity was 117.69%. The lowest was -379.58%. And the median was -44.22%.
FRA:ISC1's Return-on-Tangible-Equity is ranked worse than 99.68% of 618
companies
in the Steel industry
Industry Median: 3.95
vs FRA:ISC1: -346.89
ArcelorMittal South Africa (FRA:ISC1) 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.
ArcelorMittal South Africa Return-on-Tangible-Equity Related Terms
ArcelorMittal South Africa Return-on-Tangible-Equity Historical Data
* 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.
ArcelorMittal South Africa Return-on-Tangible-Equity Chart
FRA:ISC1 vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, ArcelorMittal South Africa'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.
ArcelorMittal South Africa Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, ArcelorMittal South Africa's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where ArcelorMittal South Africa'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 -1,398.70% mean?
ArcelorMittal South Africa (FRA:ISC1) has a Return-on-Tangible-Equity of -1,398.70% 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 ArcelorMittal South Africa and its competitors. According to the industry distribution chart, ArcelorMittal South Africa ranks #616 out of 618 companies in the Steel industry, placing it in the top 99.7%.
Is ArcelorMittal South Africa's Return-on-Tangible-Equity too high?
ArcelorMittal South Africa's current Return-on-Tangible-Equity is -1,398.70%. Based on the distribution chart, ArcelorMittal South Africa ranks #616 out of 618 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, ArcelorMittal South Africa has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does ArcelorMittal South Africa's Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, ArcelorMittal South Africa ranks #616 out of 618 companies for Return-on-Tangible-Equity. This places ArcelorMittal South Africa in the lower half of its industry. The industry median Return-on-Tangible-Equity is 3.95. 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 Steel company?
The median Return-on-Tangible-Equity among Steel companies is 3.95, based on 618 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 ArcelorMittal South Africa and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 3.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ArcelorMittal South Africa's current Return-on-Tangible-Equity is -1,398.70%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ArcelorMittal South Africa stock overvalued right now?
ArcelorMittal South Africa (FRA:ISC1) has a current Return-on-Tangible-Equity of -1,398.70%. The stock's GF Value™ is €0.07, compared to a current price of €0.06 — trading 12.1% below its estimated fair value. The current Return-on-Tangible-Equity is -1,398.70%. ArcelorMittal South Africa's overall GF Score™ is 54/100 with 7 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 ArcelorMittal South Africa (FRA:ISC1), the current Return-on-Tangible-Equity is -1,398.70% 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 ArcelorMittal South Africa (FRA:ISC1) Overvalued in 2026?
Based on GuruFocus' analysis, ArcelorMittal South Africa stock appears to be undervalued.
The current stock price of €0.06 is trading 12.1% below its estimated GF Value™ of €0.07.
Key valuation signals for FRA:ISC1:
Return-on-Tangible-Equity: -1,398.70%
GF Value™: €0.07 vs. price of €0.06 (12.1% below fair value)
No single metric tells the full story. See the FRA:ISC1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ArcelorMittal South Africa Ltd is a South Africa-based steel-producing company. The company's operating segments include Steel operations; Non-steel operations; Corporate and others. It generates the majority of total revenue from the Steel Operations segment that consist of Vanderbijlpark plant, Newcastle plant, Vereeniging plant and ArcelorMittal Rail and Structures. The product range consists of hot-rolled coil, plate, coiled rounds, flats, reinforced bars, rounds, billets and channels, and commercial coke among others. The group operates mainly in South Africa. Export sales are mostly sold in sub-Saharan Africa, Asia, Europe, and America.
54GF Score
Get the complete analysis for FRA:ISC1
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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