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BittiumFRA:JOT -6.75%67 Return-on-Tangible-Equity is 59.47% as of Dec. 2025, which is 1343% above its 10-year median of 4.12. GuruFocus rates FRA:JOT with a GF Score™ of 67/100 and a GF Value™ of €12.03 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,387 Hardware companies, Bittium ranks better than 93.17% 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. Bittium's annualized net income for the quarter that ended in Dec. 2025 was €39.7 Mil. Bittium's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €66.7 Mil. Therefore, Bittium's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 59.47%.
The historical rank and industry rank for Bittium's Return-on-Tangible-Equity or its related term are showing as below:
FRA:JOT'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -9.84 Med: 4.12 Max: 33.81
Current: 33.81
During the past 13 years, Bittium's highest Return-on-Tangible-Equity was 33.81%. The lowest was -9.84%. And the median was 4.12%.
FRA:JOT's Return-on-Tangible-Equity is ranked better than 93.17% of 2387
companies
in the Hardware industry
Industry Median: 5.28
vs FRA:JOT: 33.81
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.
Bittium Return-on-Tangible-Equity Related Terms
Bittium Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Bittium'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:JOT vs CSCO, CIEN, MSI: Return-on-Tangible-Equity Comparison
For the Communication Equipment subindustry, Bittium'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.
Bittium Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Bittium's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Bittium'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 59.47% mean?
Bittium (FRA:JOT) has a Return-on-Tangible-Equity of 59.47% 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 Bittium and its competitors. This is 1343% above median its historical median of 4.12. According to the industry distribution chart, Bittium ranks #163 out of 2387 companies in the Hardware industry, placing it in the top 6.8%.
Is Bittium's Return-on-Tangible-Equity too high?
Bittium's current Return-on-Tangible-Equity of 59.47% is 1343% above median its 10-year median of 4.12. The Hardware industry median Return-on-Tangible-Equity is 5.28. Bittium's value of 59.47% is 1026.3% above this industry median. Based on the distribution chart, Bittium ranks #163 out of 2387 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Bittium has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bittium's Return-on-Tangible-Equity compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Bittium ranks #163 out of 2387 companies for Return-on-Tangible-Equity. This places Bittium in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.28. Bittium's value of 59.47% is 1026.3% above this benchmark. While the company's 10-year median is 4.12 vs. the industry median of 5.28, Bittium 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 5.28, based on 2,387 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. Bittium's current Return-on-Tangible-Equity of 59.47% is 1026.3% 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 Bittium and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bittium's current Return-on-Tangible-Equity is 59.47%, which is 1343% above median its own 10-year median of 4.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bittium stock overvalued right now?
Based on GuruFocus' analysis, Bittium (FRA:JOT) is currently considered Significantly Overvalued. The stock's GF Value™ is €12.03, compared to a current price of €27.65 — trading 129.8% above its estimated fair value. The current Return-on-Tangible-Equity is 59.47%, which is 1343% above median its 10-year median of 4.12 and 1026.3% above the Hardware industry median of 5.28. Bittium's overall GF Score™ is 67/100 with 1 warning sign 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 Bittium (FRA:JOT), the current Return-on-Tangible-Equity is 59.47% 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 Bittium (FRA:JOT) Overvalued in 2026?
Based on GuruFocus' analysis, Bittium stock appears to be overvalued.
The current stock price of €27.65 is trading 129.8% above its estimated GF Value™ of €12.03.
GuruFocus considers Bittium to be Significantly Overvalued.
Key valuation signals for FRA:JOT:
Return-on-Tangible-Equity: 59.47% (1343% above median its 10-year median of 4.12)
GF Value™: €12.03 vs. price of €27.65 (129.8% above fair value)
Industry Position: 1026.3% above the Hardware median (#163 of 2387)
No single metric tells the full story. See the FRA:JOT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bittium Corp is a Finnish technology company specializing in secure communication and connectivity solutions, as well as products and services for out-of-hospital biosignal measurement and monitoring. The company develops, produces, and sells software, equipment, and other products for the automotive and electronics industry, offering high-tech products and services globally. Its segments are Defense & Security, with the segment generating maximum revenue and consisting of tactical and secure communication solutions for the defense market and communication solutions for government, public safety, and critical infrastructure markets, and Medical, which focuses on biosignal measurement solutions, including ECG, sleep apnea testing, EEG, and EMG. It generates maximum revenue from Finland.
67GF Score
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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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