SPARQ Systems (FRA:M26) Return-on-Tangible-Equity: -54.94% (As of Mar. 2026)


FRA:M26 SPARQ Systems Inc FRA:M26
48 GF Score
Price €0.68
GF Value €0.63
! 4 Warning Signs
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What is SPARQ Systems Return-on-Tangible-Equity?

SPARQ Systems FRA:M26 -2.17% 48 Return-on-Tangible-Equity is -54.94% as of Mar. 2026. GuruFocus rates FRA:M26 with a GF Score™ of 48/100 and a GF Value™ of €0.63. The stock has 4 warning signs investors should review. Among 2,969 Industrial Products companies, SPARQ Systems ranks worse than 95.99% 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. SPARQ Systems's annualized net income for the quarter that ended in Mar. 2026 was €-2.06 Mil. SPARQ Systems's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €3.76 Mil. Therefore, SPARQ Systems's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -54.94%.

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

FRA:M26' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -5184.62   Med: -112.6   Max: -48.82
Current: -60.02

During the past 8 years, SPARQ Systems's highest Return-on-Tangible-Equity was -48.82%. The lowest was -5,184.62%. And the median was -112.60%.

FRA:M26's Return-on-Tangible-Equity is ranked worse than
95.99% of 2969 companies
in the Industrial Products industry
Industry Median: 6.72 vs FRA:M26: -60.02

SPARQ Systems  (FRA:M26) 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.


SPARQ Systems Return-on-Tangible-Equity Related Terms


SPARQ Systems Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for SPARQ Systems'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.

SPARQ Systems Return-on-Tangible-Equity Chart

SPARQ Systems Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial -137.56 -48.97 -111.18 -85.22 -52.67

SPARQ Systems Quarterly Data
Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -39.26 -64.96 -43.85 -77.16 -54.94

FRA:M26 vs VRT, BE: Return-on-Tangible-Equity Comparison

For the Electrical Equipment & Parts subindustry, SPARQ Systems'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.


SPARQ Systems Return-on-Tangible-Equity vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, SPARQ Systems's Return-on-Tangible-Equity distribution charts can be found below:

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


FRA:M26
48GF Score
SPARQ Systems Inc FRA:M26
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SPARQ Systems Return-on-Tangible-Equity Calculation

SPARQ Systems'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 )
=-3.023/( (7.517+3.963 )/ 2 )
=-3.023/5.74
=-52.67 %

SPARQ Systems's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=-2.064/( (3.963+3.55)/ 2 )
=-2.064/3.7565
=-54.94 %

* 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 -54.94% mean?
SPARQ Systems (FRA:M26) has a Return-on-Tangible-Equity of -54.94% 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 SPARQ Systems and its competitors. According to the industry distribution chart, SPARQ Systems ranks #2850 out of 2969 companies in the Industrial Products industry, placing it in the top 96%.
Is SPARQ Systems' Return-on-Tangible-Equity too high?
SPARQ Systems' current Return-on-Tangible-Equity is -54.94%. Based on the distribution chart, SPARQ Systems ranks #2850 out of 2969 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, SPARQ Systems has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.
How does SPARQ Systems' Return-on-Tangible-Equity compare to VRT and BE?
According to the Industrial Products industry distribution chart, SPARQ Systems ranks #2850 out of 2969 companies for Return-on-Tangible-Equity. This places SPARQ Systems in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.72. 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 an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.72, based on 2,969 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. 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 SPARQ Systems and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPARQ Systems's current Return-on-Tangible-Equity is -54.94%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPARQ Systems stock overvalued right now?
SPARQ Systems (FRA:M26) has a current Return-on-Tangible-Equity of -54.94%. The stock's GF Value™ is €0.63, compared to a current price of €0.68 — trading 7.1% above its estimated fair value. The current Return-on-Tangible-Equity is -54.94%. SPARQ Systems' overall GF Score™ is 48/100 with 4 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 SPARQ Systems (FRA:M26), the current Return-on-Tangible-Equity is -54.94% 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 SPARQ Systems (FRA:M26) Overvalued in 2026?

Based on GuruFocus' analysis, SPARQ Systems stock appears to be overvalued. The current stock price of €0.68 is trading 7.1% above its estimated GF Value™ of €0.63.

Key valuation signals for FRA:M26:

  • Return-on-Tangible-Equity: -54.94%
  • GF Value™: €0.63 vs. price of €0.68 (7.1% above fair value)
  • GF Score™: 48/100 with 4 warning signs

No single metric tells the full story. See the FRA:M26 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SPARQ Systems Business Description

Other Exchanges SPRQF:USASPRQ:Canada
Address Innovation Park, 945 Princess Street, Box 212, Kingston, ON, CAN, K7L 0E9
SPARQ Systems Inc designs and manufactures next generation single-phase microinverters for residential and commercial solar electric applications. The company has developed a proprietary photovoltaic (PV) solution called the Quad; the Quad inverter optimizes four PV modules with a single microinverter, simplifying design and installation, and lowering cost for solar power installations when compared to existing market offerings. Its products include Quad2, Quad3, Q1200 Microinverter, SparqLinq, SparqVu, and SparqSync. The company derives revenue from the sale of hardware, including microinverters and their associated peripherals.
48GF Score

Get the complete analysis for FRA:M26

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

€0.68
Price
€0.63
GF Value