Adicon Holdings (FRA:K0U) Return-on-Tangible-Equity: -1.25% (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:K0U Adicon Holdings Ltd FRA:K0U
75 GF Score
Price €0.36
GF Value €0.77
! 6 Warning Signs
View Full Analysis

What is Adicon Holdings Return-on-Tangible-Equity?

Adicon Holdings FRA:K0U -10.95% 75 Return-on-Tangible-Equity is -1.25% as of Dec. 2025. GuruFocus rates FRA:K0U with a GF Score™ of 75/100 and a GF Value™ of €0.77. The stock has 6 warning signs investors should review. Among 192 Medical Diagnostics & Research companies, Adicon Holdings ranks better than 54.69% 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. Adicon Holdings's annualized net income for the quarter that ended in Dec. 2025 was €-2.1 Mil. Adicon Holdings's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €171.6 Mil. Therefore, Adicon Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was -1.25%.

The historical rank and industry rank for Adicon Holdings's Return-on-Tangible-Equity or its related term are showing as below:

FRA:K0U' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.3   Med: 27.18   Max: 121.73
Current: 1.3

During the past 6 years, Adicon Holdings's highest Return-on-Tangible-Equity was 121.73%. The lowest was 1.30%. And the median was 27.18%.

FRA:K0U's Return-on-Tangible-Equity is ranked better than
54.69% of 192 companies
in the Medical Diagnostics & Research industry
Industry Median: -0.605 vs FRA:K0U: 1.30

Adicon Holdings  (FRA:K0U) 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.


Adicon Holdings Return-on-Tangible-Equity Related Terms


Adicon Holdings Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Adicon 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.

Adicon Holdings Return-on-Tangible-Equity Chart

Adicon Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial 37.52 127.82 26.40 3.29 1.25

Adicon Holdings Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.77 13.35 -7.43 3.70 -1.25

FRA:K0U vs TMO, DHR, IDXX: Return-on-Tangible-Equity Comparison

For the Diagnostics & Research subindustry, Adicon 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.


Adicon Holdings Return-on-Tangible-Equity vs Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Adicon Holdings's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Adicon Holdings's Return-on-Tangible-Equity falls into.


FRA:K0U
75GF Score
Adicon Holdings Ltd FRA:K0U
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Adicon Holdings Return-on-Tangible-Equity Calculation

Adicon Holdings's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=2.236/( (185.501+172.703 )/ 2 )
=2.236/179.102
=1.25 %

Adicon Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=-2.142/( (170.441+172.703)/ 2 )
=-2.142/171.572
=-1.25 %

* 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 -1.25% mean?
Adicon Holdings (FRA:K0U) has a Return-on-Tangible-Equity of -1.25% 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 Adicon Holdings and its competitors. Over the past decade, Adicon Holdings' Return-on-Tangible-Equity has ranged from 1.30 to 121.73. According to the industry distribution chart, Adicon Holdings ranks #87 out of 192 companies in the Medical Diagnostics & Research industry, placing it in the top 45.3%.
Is Adicon Holdings' Return-on-Tangible-Equity too high?
Adicon Holdings' current Return-on-Tangible-Equity is -1.25%. Over the past 10 years, this metric has ranged from a low of 1.30 to a high of 121.73. Based on the distribution chart, Adicon Holdings ranks #87 out of 192 companies in the Medical Diagnostics & Research industry, which is above the industry midpoint. Overall, Adicon Holdings has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Adicon Holdings' Return-on-Tangible-Equity compare to TMO and DHR?
According to the Medical Diagnostics & Research industry distribution chart, Adicon Holdings ranks #87 out of 192 companies for Return-on-Tangible-Equity. This puts Adicon Holdings in the upper half of its industry. Historically, Adicon Holdings' own Return-on-Tangible-Equity has ranged from 1.30 to 121.73 over the past decade. 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 Medical Diagnostics & Research company?
A good Return-on-Tangible-Equity depends on the Medical Diagnostics & Research industry context. 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 Adicon Holdings and its competitors. Adicon Holdings's current Return-on-Tangible-Equity is -1.25%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adicon Holdings stock overvalued right now?
Adicon Holdings (FRA:K0U) has a current Return-on-Tangible-Equity of -1.25%. The stock's GF Value™ is €0.77, compared to a current price of €0.36 — trading 53.5% below its estimated fair value. The current Return-on-Tangible-Equity is -1.25%. Adicon Holdings' overall GF Score™ is 75/100 with 6 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 Adicon Holdings (FRA:K0U), the current Return-on-Tangible-Equity is -1.25% 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 Adicon Holdings (FRA:K0U) Overvalued in 2026?

Based on GuruFocus' analysis, Adicon Holdings stock appears to be undervalued. The current stock price of €0.36 is trading 53.5% below its estimated GF Value™ of €0.77.

Key valuation signals for FRA:K0U:

  • Return-on-Tangible-Equity: -1.25%
  • GF Value™: €0.77 vs. price of €0.36 (53.5% below fair value)
  • GF Score™: 75/100 with 6 warning signs

No single metric tells the full story. See the FRA:K0U stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Adicon Holdings Business Description

Other Exchanges 09860:Hong Kong
Address No. 208, Zhenzhong Road, West Lake District, Xihu District, Hangzhou, CHN
Adicon Holdings Ltd is a ICL service provider in China. It offers comprehensive testing services to hospitals and health check centers through an integrated network of self-operated laboratories across China. Its testing services platform includes clinical laboratories, pathology laboratories, reproductive genetics laboratories, gene laboratories, and mass spectrometry laboratories, consisting of over 4,000 medical diagnostic tests, the introduction of over 300 new high-end diagnostic tests.
75GF Score

Get the complete analysis for FRA:K0U

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.36
Price
€0.77
GF Value