Heritage GlobalFRA:LGC 78 Return-on-Tangible-Equity is 5.48% as of Mar. 2026, which is 81% below its 10-year median of 28.81. GuruFocus rates FRA:LGC with a GF Score™ of 78/100 and a GF Value™ of €2.02. The stock has 3 warning signs investors should review. Among 781 Capital Markets companies, Heritage Global ranks worse than 52.5% 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. Heritage Global's annualized net income for the quarter that ended in Mar. 2026 was €2.48 Mil. Heritage Global's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €45.27 Mil. Therefore, Heritage Global's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 5.48%.
The historical rank and industry rank for Heritage Global's Return-on-Tangible-Equity or its related term are showing as below:
FRA:LGC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.98 Med: 28.81 Max: 1138.39
Current: 5.98
During the past 13 years, Heritage Global's highest Return-on-Tangible-Equity was 1,138.39%. The lowest was 5.98%. And the median was 28.81%.
FRA:LGC's Return-on-Tangible-Equity is ranked worse than 52.5% of 781
companies
in the Capital Markets industry
Industry Median: 6.52
vs FRA:LGC: 5.98
Heritage Global (FRA:LGC) 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.
Heritage Global Return-on-Tangible-Equity Related Terms
Heritage Global Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Heritage Global'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:LGC vs MATH, GSIW, PLUT: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, Heritage Global'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.
Heritage Global Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Heritage Global's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Heritage Global'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 5.48% mean?
Heritage Global (FRA:LGC) has a Return-on-Tangible-Equity of 5.48% 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 Heritage Global and its competitors. This is 81% below median its historical median of 28.81. Over the past decade, Heritage Global's Return-on-Tangible-Equity has ranged from 5.98 to 1,138.39. According to the industry distribution chart, Heritage Global ranks #410 out of 781 companies in the Capital Markets industry, placing it in the top 52.5%.
Is Heritage Global's Return-on-Tangible-Equity too high?
Heritage Global's current Return-on-Tangible-Equity of 5.48% is 81% below median its 10-year median of 28.81. Over the past 10 years, this metric has ranged from a low of 5.98 to a high of 1,138.39. The Capital Markets industry median Return-on-Tangible-Equity is 6.52. Heritage Global's value of 5.48% is 16% below this industry median. Based on the distribution chart, Heritage Global ranks #410 out of 781 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Heritage Global has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Heritage Global's Return-on-Tangible-Equity compare to MATH and GSIW?
According to the Capital Markets industry distribution chart, Heritage Global ranks #410 out of 781 companies for Return-on-Tangible-Equity. This places Heritage Global in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.52. Heritage Global's value of 5.48% is 16% below this benchmark. Historically, Heritage Global's own Return-on-Tangible-Equity has ranged from 5.98 to 1,138.39 over the past decade. While the company's 10-year median is 28.81 vs. the industry median of 6.52, Heritage Global has consistently been below 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 Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.52, based on 781 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. Heritage Global's current Return-on-Tangible-Equity of 5.48% is 16% below 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 Heritage Global and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heritage Global's current Return-on-Tangible-Equity is 5.48%, which is 81% below median its own 10-year median of 28.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heritage Global stock overvalued right now?
Heritage Global (FRA:LGC) has a current Return-on-Tangible-Equity of 5.48%. The stock's GF Value™ is €2.02, compared to a current price of €1.03 — trading 49% below its estimated fair value. The current Return-on-Tangible-Equity is 5.48%, which is 81% below median its 10-year median of 28.81 and 16% below the Capital Markets industry median of 6.52. Heritage Global's overall GF Score™ is 78/100 with 3 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 Heritage Global (FRA:LGC), the current Return-on-Tangible-Equity is 5.48% 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 Heritage Global (FRA:LGC) Overvalued in 2026?
Based on GuruFocus' analysis, Heritage Global stock appears to be undervalued.
The current stock price of €1.03 is trading 49% below its estimated GF Value™ of €2.02.
Key valuation signals for FRA:LGC:
Return-on-Tangible-Equity: 5.48% (81% below median its 10-year median of 28.81)
GF Value™: €2.02 vs. price of €1.03 (49% below fair value)
Industry Position: 16% below the Capital Markets median (#410 of 781)
No single metric tells the full story. See the FRA:LGC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heritage Global Inc values and monetizes industrial and financial assets by providing acquisition, disposition, valuation, and lending services for surplus and distressed assets. It operates in four segments. The Auction and Liquidation segment, which operates as a full-service auction, appraisal, and asset advisory firm, includes the acquisition of turnkey manufacturing facilities and used industrial machinery and equipment. The Refurbishment & Resale segment acquires, refurbishes, and supplies specialized laboratory equipment. Brokerage segment, through NLEX, brokers charged-off receivables in the U.S. and Canada on behalf of financial institutions. The Specialty Lending segment, which provides specialty financing solutions to investors in charged-off and nonperforming asset portfolios.
78GF Score
Get the complete analysis for FRA:LGC
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:LGC has been successfully added to your 
