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Boston Pizza Royaltiesome FundFRA:J8M +2.57%61 Return-on-Tangible-Equity is 521.72% as of Mar. 2026, which is 106% above its 10-year median of 253.54. GuruFocus rates FRA:J8M with a GF Score™ of 61/100 and a GF Value™ of €11.07 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 331 Restaurants companies, Boston Pizza Royaltiesome Fund ranks better than 88.52% 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. Boston Pizza Royaltiesome Fund's annualized net income for the quarter that ended in Mar. 2026 was €30.74 Mil. Boston Pizza Royaltiesome Fund's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €5.89 Mil. Therefore, Boston Pizza Royaltiesome Fund's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 521.72%.
The historical rank and industry rank for Boston Pizza Royaltiesome Fund's Return-on-Tangible-Equity or its related term are showing as below:
FRA:J8M'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 118.19 Med: 253.54 Max: 4454.94
Current: 854.45
During the past 13 years, Boston Pizza Royaltiesome Fund's highest Return-on-Tangible-Equity was 4,454.94%. The lowest was 118.19%. And the median was 253.54%.
FRA:J8M's Return-on-Tangible-Equity is ranked better than 88.52% of 331
companies
in the Restaurants industry
Industry Median: 8.76
vs FRA:J8M: 854.45
Boston Pizza Royaltiesome Fund (FRA:J8M) 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.
Boston Pizza Royaltiesome Fund Return-on-Tangible-Equity Related Terms
Boston Pizza Royaltiesome Fund 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.
Boston Pizza Royaltiesome Fund Return-on-Tangible-Equity Chart
FRA:J8M vs MCD, SBUX, YUM: Return-on-Tangible-Equity Comparison
For the Restaurants subindustry, Boston Pizza Royaltiesome Fund'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.
Boston Pizza Royaltiesome Fund Return-on-Tangible-Equity vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Boston Pizza Royaltiesome Fund's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Boston Pizza Royaltiesome Fund'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 521.72% mean?
Boston Pizza Royaltiesome Fund (FRA:J8M) has a Return-on-Tangible-Equity of 521.72% 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 Boston Pizza Royaltiesome Fund and its competitors. This is 106% above median its historical median of 253.54. Over the past decade, Boston Pizza Royaltiesome Fund's Return-on-Tangible-Equity has ranged from 118.19 to 4,454.94. According to the industry distribution chart, Boston Pizza Royaltiesome Fund ranks #38 out of 331 companies in the Restaurants industry, placing it in the top 11.5%.
Is Boston Pizza Royaltiesome Fund's Return-on-Tangible-Equity too high?
Boston Pizza Royaltiesome Fund's current Return-on-Tangible-Equity of 521.72% is 106% above median its 10-year median of 253.54. Over the past 10 years, this metric has ranged from a low of 118.19 to a high of 4,454.94. The Restaurants industry median Return-on-Tangible-Equity is 8.76. Boston Pizza Royaltiesome Fund's value of 521.72% is 5855.7% above this industry median. Based on the distribution chart, Boston Pizza Royaltiesome Fund ranks #38 out of 331 companies in the Restaurants industry, which is in the top quartile — a strong position relative to peers. Overall, Boston Pizza Royaltiesome Fund has a GF Score™ of 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Boston Pizza Royaltiesome Fund's Return-on-Tangible-Equity compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Boston Pizza Royaltiesome Fund ranks #38 out of 331 companies for Return-on-Tangible-Equity. This places Boston Pizza Royaltiesome Fund in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.76. Boston Pizza Royaltiesome Fund's value of 521.72% is 5855.7% above this benchmark. Historically, Boston Pizza Royaltiesome Fund's own Return-on-Tangible-Equity has ranged from 118.19 to 4,454.94 over the past decade. While the company's 10-year median is 253.54 vs. the industry median of 8.76, Boston Pizza Royaltiesome Fund 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 Restaurants company?
The median Return-on-Tangible-Equity among Restaurants companies is 8.76, based on 331 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. Boston Pizza Royaltiesome Fund's current Return-on-Tangible-Equity of 521.72% is 5855.7% 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 Boston Pizza Royaltiesome Fund and its competitors. For the Restaurants industry, the median Return-on-Tangible-Equity is 8.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boston Pizza Royaltiesome Fund's current Return-on-Tangible-Equity is 521.72%, which is 106% above median its own 10-year median of 253.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boston Pizza Royaltiesome Fund stock overvalued right now?
Based on GuruFocus' analysis, Boston Pizza Royaltiesome Fund (FRA:J8M) is currently considered Modestly Overvalued. The stock's GF Value™ is €11.07, compared to a current price of €14.38 — trading 29.9% above its estimated fair value. The current Return-on-Tangible-Equity is 521.72%, which is 106% above median its 10-year median of 253.54 and 5855.7% above the Restaurants industry median of 8.76. Boston Pizza Royaltiesome Fund's overall GF Score™ is 61/100 with 8 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 Boston Pizza Royaltiesome Fund (FRA:J8M), the current Return-on-Tangible-Equity is 521.72% 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 Boston Pizza Royaltiesome Fund (FRA:J8M) Overvalued in 2026?
Based on GuruFocus' analysis, Boston Pizza Royaltiesome Fund stock appears to be overvalued.
The current stock price of €14.38 is trading 29.9% above its estimated GF Value™ of €11.07.
GuruFocus considers Boston Pizza Royaltiesome Fund to be Modestly Overvalued.
Key valuation signals for FRA:J8M:
Return-on-Tangible-Equity: 521.72% (106% above median its 10-year median of 253.54)
GF Value™: €11.07 vs. price of €14.38 (29.9% above fair value)
Industry Position: 5855.7% above the Restaurants median (#38 of 331)
No single metric tells the full story. See the FRA:J8M stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Boston Pizza Royaltiesome Fund Business Description
Boston Pizza Royalties Income Fund is a limited-purpose open-ended trust. It receives royalties from Boston Pizza Inc on the franchise sales of Boston Pizza Restaurants. The trust distributes all available cash from operations to unitholders of the trust to the maximum extent possible.
61GF Score
Get the complete analysis for FRA:J8M
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