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CombinedX ABFRA:K13 +0.32%84 Return-on-Tangible-Equity is 343.82% as of Mar. 2026, which is 414% above its 10-year median of 66.94. GuruFocus rates FRA:K13 with a GF Score™ of 84/100 and a GF Value™ of €3.55. The stock has 8 warning signs investors should review. Among 2,476 Software companies, CombinedX AB ranks better than 91.07% 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. CombinedX AB's annualized net income for the quarter that ended in Mar. 2026 was €5.50 Mil. CombinedX AB's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €1.60 Mil. Therefore, CombinedX AB's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 343.82%.
The historical rank and industry rank for CombinedX AB's Return-on-Tangible-Equity or its related term are showing as below:
FRA:K13'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 54.15 Med: 66.94 Max: 758.62
Current: 758.62
During the past 8 years, CombinedX AB's highest Return-on-Tangible-Equity was 758.62%. The lowest was 54.15%. And the median was 66.94%.
FRA:K13's Return-on-Tangible-Equity is ranked better than 91.07% of 2476
companies
in the Software industry
Industry Median: 8.82
vs FRA:K13: 758.62
CombinedX AB (FRA:K13) 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.
CombinedX AB Return-on-Tangible-Equity Related Terms
CombinedX AB Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for CombinedX AB'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:K13 vs IBM, ACN, FISV: Return-on-Tangible-Equity Comparison
For the Information Technology Services subindustry, CombinedX AB'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.
CombinedX AB Return-on-Tangible-Equity vs Software Industry
For the Software industry and Technology sector, CombinedX AB's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where CombinedX AB'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 343.82% mean?
CombinedX AB (FRA:K13) has a Return-on-Tangible-Equity of 343.82% 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 CombinedX AB and its competitors. This is 414% above median its historical median of 66.94. Over the past decade, CombinedX AB's Return-on-Tangible-Equity has ranged from 54.15 to 758.62. According to the industry distribution chart, CombinedX AB ranks #221 out of 2476 companies in the Software industry, placing it in the top 8.9%.
Is CombinedX AB's Return-on-Tangible-Equity too high?
CombinedX AB's current Return-on-Tangible-Equity of 343.82% is 414% above median its 10-year median of 66.94. Over the past 10 years, this metric has ranged from a low of 54.15 to a high of 758.62. The Software industry median Return-on-Tangible-Equity is 8.82. CombinedX AB's value of 343.82% is 3798.2% above this industry median. Based on the distribution chart, CombinedX AB ranks #221 out of 2476 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, CombinedX AB has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does CombinedX AB's Return-on-Tangible-Equity compare to IBM and ACN?
According to the Software industry distribution chart, CombinedX AB ranks #221 out of 2476 companies for Return-on-Tangible-Equity. This places CombinedX AB in the top 9% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.82. CombinedX AB's value of 343.82% is 3798.2% above this benchmark. Historically, CombinedX AB's own Return-on-Tangible-Equity has ranged from 54.15 to 758.62 over the past decade. While the company's 10-year median is 66.94 vs. the industry median of 8.82, CombinedX AB 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 Software company?
The median Return-on-Tangible-Equity among Software companies is 8.82, based on 2,476 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. CombinedX AB's current Return-on-Tangible-Equity of 343.82% is 3798.2% 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 CombinedX AB and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 8.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CombinedX AB's current Return-on-Tangible-Equity is 343.82%, which is 414% above median its own 10-year median of 66.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CombinedX AB stock overvalued right now?
CombinedX AB (FRA:K13) has a current Return-on-Tangible-Equity of 343.82%. The stock's GF Value™ is €3.55, compared to a current price of €3.15 — trading 11.3% below its estimated fair value. The current Return-on-Tangible-Equity is 343.82%, which is 414% above median its 10-year median of 66.94 and 3798.2% above the Software industry median of 8.82. CombinedX AB's overall GF Score™ is 84/100 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 CombinedX AB (FRA:K13), the current Return-on-Tangible-Equity is 343.82% 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 CombinedX AB (FRA:K13) Overvalued in 2026?
Based on GuruFocus' analysis, CombinedX AB stock appears to be undervalued.
The current stock price of €3.15 is trading 11.3% below its estimated GF Value™ of €3.55.
Key valuation signals for FRA:K13:
Return-on-Tangible-Equity: 343.82% (414% above median its 10-year median of 66.94)
GF Value™: €3.55 vs. price of €3.15 (11.3% below fair value)
Industry Position: 3798.2% above the Software median (#221 of 2476)
No single metric tells the full story. See the FRA:K13 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CombinedX AB is a family of knowledge companies that help companies and organizations to take advantage of the opportunities of digitalisation. It delivers services through eight wholly-owned specialist companies, each with market-leading technology and business expertise in its niche.
84GF Score
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