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.
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.
Carbon StreamingFRA:M2Q +5.10%39 Return-on-Tangible-Equity is 12.59% as of Mar. 2026. GuruFocus rates FRA:M2Q with a GF Score™ of 39/100 and a GF Value™ of €0.01 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,591 Asset Management companies, Carbon Streaming ranks worse than 77.88% 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. Carbon Streaming's annualized net income for the quarter that ended in Mar. 2026 was €4.90 Mil. Carbon Streaming's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €38.89 Mil. Therefore, Carbon Streaming's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 12.59%.
The historical rank and industry rank for Carbon Streaming's Return-on-Tangible-Equity or its related term are showing as below:
FRA:M2Q'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -88.33 Med: -18.21 Max: -0.53
Current: -0.53
During the past 13 years, Carbon Streaming's highest Return-on-Tangible-Equity was -0.53%. The lowest was -88.33%. And the median was -18.21%.
FRA:M2Q's Return-on-Tangible-Equity is ranked worse than 77.88% of 1591
companies
in the Asset Management industry
Industry Median: 7.21
vs FRA:M2Q: -0.53
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.
Carbon Streaming Return-on-Tangible-Equity Related Terms
Carbon Streaming Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Carbon Streaming'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:M2Q vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Carbon Streaming'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.
Carbon Streaming Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Carbon Streaming's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Carbon Streaming'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 12.59% mean?
Carbon Streaming (FRA:M2Q) has a Return-on-Tangible-Equity of 12.59% 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 Carbon Streaming and its competitors. According to the industry distribution chart, Carbon Streaming ranks #1239 out of 1591 companies in the Asset Management industry, placing it in the top 77.9%.
Is Carbon Streaming's Return-on-Tangible-Equity too high?
Carbon Streaming's current Return-on-Tangible-Equity is 12.59%. The Asset Management industry median Return-on-Tangible-Equity is 7.21. Carbon Streaming's value of 12.59% is 74.6% above this industry median. Based on the distribution chart, Carbon Streaming ranks #1239 out of 1591 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Carbon Streaming has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Carbon Streaming's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Carbon Streaming ranks #1239 out of 1591 companies for Return-on-Tangible-Equity. This places Carbon Streaming in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.21. Carbon Streaming's value of 12.59% is 74.6% above this benchmark. 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 Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.21, based on 1,591 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. Carbon Streaming's current Return-on-Tangible-Equity of 12.59% is 74.6% 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 Carbon Streaming and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carbon Streaming's current Return-on-Tangible-Equity is 12.59%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carbon Streaming stock overvalued right now?
Based on GuruFocus' analysis, Carbon Streaming (FRA:M2Q) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.01, compared to a current price of €0.52 — trading 5050% above its estimated fair value. The current Return-on-Tangible-Equity is 12.59% and 74.6% above the Asset Management industry median of 7.21. Carbon Streaming's overall GF Score™ is 39/100 with 2 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 Carbon Streaming (FRA:M2Q), the current Return-on-Tangible-Equity is 12.59% 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 Carbon Streaming (FRA:M2Q) Overvalued in 2026?
Based on GuruFocus' analysis, Carbon Streaming stock appears to be overvalued.
The current stock price of €0.52 is trading 5050% above its estimated GF Value™ of €0.01.
GuruFocus considers Carbon Streaming to be Significantly Overvalued.
Key valuation signals for FRA:M2Q:
Return-on-Tangible-Equity: 12.59%
GF Value™: €0.01 vs. price of €0.52 (5050% above fair value)
Industry Position: 74.6% above the Asset Management median (#1239 of 1591)
No single metric tells the full story. See the FRA:M2Q stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Carbon Streaming Corp is a carbon credit streaming and royalty company focused on providing capital to carbon projects globally, mainly by entering into or acquiring streaming, royalty, or other similar arrangements to purchase carbon credits from the underlying project and then generating cash flow from the sale of carbon credits. The Company has one operating segment related to carbon credit streaming and royalty agreements focused on projects located globally.
39GF Score
Get the complete analysis for FRA:M2Q
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:M2Q has been successfully added to your 
