Teqnion ABFRA:M45 -0.42%62 Return-on-Tangible-Equity is Negative Tangible Equity% as of Mar. 2026. GuruFocus rates FRA:M45 with a GF Score™ of 62/100 and a GF Value™ of €18.58 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 551 Conglomerates companies, Teqnion AB ranks better than 99.82% 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. Teqnion AB's annualized net income for the quarter that ended in Mar. 2026 was €13.0 Mil. Teqnion AB's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €-14.5 Mil. Therefore, Teqnion AB's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was Negative Tangible Equity%.
The historical rank and industry rank for Teqnion AB's Return-on-Tangible-Equity or its related term are showing as below:
FRA:M45'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 52.44 Med: 107.2 Max: 446.63
Current: Negative Tangible Equity
During the past 9 years, Teqnion AB's highest Return-on-Tangible-Equity was 446.63%. The lowest was 52.44%. And the median was 107.20%.
FRA:M45's Return-on-Tangible-Equity is ranked better than 99.82% of 551
companies
in the Conglomerates industry
Industry Median: 7.48
vs FRA:M45: Negative Tangible Equity
Teqnion AB (FRA:M45) 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.
Teqnion AB Return-on-Tangible-Equity Related Terms
Teqnion AB Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Teqnion 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:M45 vs HON, MMM: Return-on-Tangible-Equity Comparison
For the Conglomerates subindustry, Teqnion 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.
Teqnion AB Return-on-Tangible-Equity vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Teqnion AB's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Teqnion 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 Negative Tangible Equity% mean?
Teqnion AB (FRA:M45) has a Return-on-Tangible-Equity of Negative Tangible Equity% 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 Teqnion AB and its competitors. Over the past decade, Teqnion AB's Return-on-Tangible-Equity has ranged from 52.44 to 446.63. According to the industry distribution chart, Teqnion AB ranks #1 out of 551 companies in the Conglomerates industry, placing it in the top 0.2%.
Is Teqnion AB's Return-on-Tangible-Equity too high?
Teqnion AB's current Return-on-Tangible-Equity is Negative Tangible Equity%. Over the past 10 years, this metric has ranged from a low of 52.44 to a high of 446.63. Based on the distribution chart, Teqnion AB ranks #1 out of 551 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Teqnion AB has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Teqnion AB's Return-on-Tangible-Equity compare to HON and MMM?
According to the Conglomerates industry distribution chart, Teqnion AB ranks #1 out of 551 companies for Return-on-Tangible-Equity. This places Teqnion AB in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.48. Historically, Teqnion AB's own Return-on-Tangible-Equity has ranged from 52.44 to 446.63 over the past decade. 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 Conglomerates company?
The median Return-on-Tangible-Equity among Conglomerates companies is 7.48, based on 551 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 Teqnion AB and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Equity is 7.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Teqnion AB's current Return-on-Tangible-Equity is Negative Tangible Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Teqnion AB stock overvalued right now?
Based on GuruFocus' analysis, Teqnion AB (FRA:M45) is currently considered Modestly Undervalued. The stock's GF Value™ is €18.58, compared to a current price of €14.22 — trading 23.5% below its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Teqnion AB's overall GF Score™ is 62/100 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 Teqnion AB (FRA:M45), the current Return-on-Tangible-Equity is Negative Tangible Equity% 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 Teqnion AB (FRA:M45) Overvalued in 2026?
Based on GuruFocus' analysis, Teqnion AB stock appears to be undervalued.
The current stock price of €14.22 is trading 23.5% below its estimated GF Value™ of €18.58.
GuruFocus considers Teqnion AB to be Modestly Undervalued.
No single metric tells the full story. See the FRA:M45 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Teqnion AB is an industrial group that acquires stable niche companies with good cash flows to develop and own with an eternal horizon. The subsidiaries are managed in a decentralized manner with support from the parent company. Its group of companies consists of agency businesses that include brands, product and service companies developing solutions for specific industrial niches, and manufacturing companies that sell products under their own or customers' brands. Teqnion continuously supports its companies with planning work and problem-solving beyond the everyday management and financial resources. Geographically, the Group generates maximum revenue from Sweden, and the rest from the European Union (excluding Sweden), the United Kingdom, Norway, the USA, and the Rest of the world.
62GF Score
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