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. L.B. Foster Co's annualized net income for the quarter that ended in Mar. 2024 was €16.3 Mil. L.B. Foster Co's average shareholder tangible equity for the quarter that ended in Mar. 2024 was €84.9 Mil. Therefore, L.B. Foster Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 19.22%.
The historical rank and industry rank for L.B. Foster Co's Return-on-Tangible-Equity or its related term are showing as below:
FRA:LB1A'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -242.25 Med: 2.29 Max: 52.81
Current: 8.97
During the past 13 years, L.B. Foster Co's highest Return-on-Tangible-Equity was 52.81%. The lowest was -242.25%. And the median was 2.29%.
FRA:LB1A's Return-on-Tangible-Equity is ranked worse than 53.54% of 932
companies
in the Transportation industry
Industry Median: 9.73
vs FRA:LB1A: 8.97
L.B. Foster Co Return-on-Tangible-Equity Historical Data
The historical data trend for L.B. Foster Co'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.
Competitive Comparison of L.B. Foster Co's Return-on-Tangible-Equity
For the Railroads subindustry, L.B. Foster Co'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.
L.B. Foster Co's Return-on-Tangible-Equity Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, L.B. Foster Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where L.B. Foster Co's Return-on-Tangible-Equity falls into.
L.B. Foster Co Return-on-Tangible-Equity Calculation
L.B. Foster Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
* 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. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
L.B. Foster Co (FRA:LB1A) 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.
L.B. Foster Co Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of L.B. Foster Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
L.B. Foster Co is a US-based firm engaged in the manufacturing, fabrication, and distribution of products and services, especially for the rail, construction, energy, and utility industry. The company operates its business through three segments: Rail Technologies and Services; Precast Concrete Products and Steel Products and Measurement. Its principal business activity involves providing new and used rail, trackwork, and accessories, producing concrete railroad ties, insulated rail joints, power rail, track fasteners, coverboards, and sales of sells and rents steel sheet piling, H-bearing pile, and other piling products for foundation and earth retention requirements. It generates the majority of its revenues from the Rail Products and Services segment.
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