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Binect AGFRA:MA10 68 Return-on-Tangible-Equity is 11.44% as of Dec. 2025, which is 208% above its 10-year median of 3.71. GuruFocus rates FRA:MA10 with a GF Score™ of 68/100 and a GF Value™ of €2.97 (Significantly Undervalued). The stock has 7 warning signs investors should review. Among 2,487 Software companies, Binect AG ranks worse than 59.35% 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. Binect AG's annualized net income for the quarter that ended in Dec. 2025 was €0.33 Mil. Binect AG's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €2.92 Mil. Therefore, Binect AG's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 11.44%.
The historical rank and industry rank for Binect AG's Return-on-Tangible-Equity or its related term are showing as below:
FRA:MA10'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -300.85 Med: 3.71 Max: 29.82
Current: 4.25
During the past 13 years, Binect AG's highest Return-on-Tangible-Equity was 29.82%. The lowest was -300.85%. And the median was 3.71%.
FRA:MA10's Return-on-Tangible-Equity is ranked worse than 59.35% of 2487
companies
in the Software industry
Industry Median: 9.03
vs FRA:MA10: 4.25
Binect AG (FRA:MA10) 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.
Binect AG Return-on-Tangible-Equity Related Terms
Binect AG Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Binect AG'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:MA10 vs QH, SHOP, UBER: Return-on-Tangible-Equity Comparison
For the Software - Application subindustry, Binect AG'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.
Binect AG Return-on-Tangible-Equity vs Software Industry
For the Software industry and Technology sector, Binect AG's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Binect AG'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 two times the semi-annual (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 11.44% mean?
Binect AG (FRA:MA10) has a Return-on-Tangible-Equity of 11.44% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Binect AG and its competitors. This is 208% above median its historical median of 3.71. According to the industry distribution chart, Binect AG ranks #1476 out of 2487 companies in the Software industry, placing it in the top 59.3%.
Is Binect AG's Return-on-Tangible-Equity too high?
Binect AG's current Return-on-Tangible-Equity of 11.44% is 208% above median its 10-year median of 3.71. The Software industry median Return-on-Tangible-Equity is 9.03. Binect AG's value of 11.44% is 26.7% above this industry median. Based on the distribution chart, Binect AG ranks #1476 out of 2487 companies in the Software industry, which is below the industry midpoint. Overall, Binect AG has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Binect AG's Return-on-Tangible-Equity compare to QH and SHOP?
According to the Software industry distribution chart, Binect AG ranks #1476 out of 2487 companies for Return-on-Tangible-Equity. This places Binect AG in the lower half of its industry. The industry median Return-on-Tangible-Equity is 9.03. Binect AG's value of 11.44% is 26.7% above this benchmark. While the company's 10-year median is 3.71 vs. the industry median of 9.03, Binect AG has consistently been above 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 Software company?
The median Return-on-Tangible-Equity among Software companies is 9.03, based on 2,487 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. Binect AG's current Return-on-Tangible-Equity of 11.44% is 26.7% 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 Binect AG and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 9.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Binect AG's current Return-on-Tangible-Equity is 11.44%, which is 208% above median its own 10-year median of 3.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Binect AG stock overvalued right now?
Based on GuruFocus' analysis, Binect AG (FRA:MA10) is currently considered Significantly Undervalued. The stock's GF Value™ is €2.97, compared to a current price of €1.72 — trading 42.1% below its estimated fair value. The current Return-on-Tangible-Equity is 11.44%, which is 208% above median its 10-year median of 3.71 and 26.7% above the Software industry median of 9.03. Binect AG's overall GF Score™ is 68/100 with 7 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 Binect AG (FRA:MA10), the current Return-on-Tangible-Equity is 11.44% as of Dec. 2025. 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 Binect AG (FRA:MA10) Overvalued in 2026?
Based on GuruFocus' analysis, Binect AG stock appears to be undervalued.
The current stock price of €1.72 is trading 42.1% below its estimated GF Value™ of €2.97.
GuruFocus considers Binect AG to be Significantly Undervalued.
Key valuation signals for FRA:MA10:
Return-on-Tangible-Equity: 11.44% (208% above median its 10-year median of 3.71)
GF Value™: €2.97 vs. price of €1.72 (42.1% below fair value)
Industry Position: 26.7% above the Software median (#1476 of 2487)
No single metric tells the full story. See the FRA:MA10 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Binect AG is a German management holding company. Along with its subsidiaries, it is engaged in the digitization of document-based business communication. The group digitizes all processes of document incoming and outgoing communication, such as contracts and invoices, with its solutions and the Binect ONE platform. Binect is also focused on venturing into the field of Intelligent Document Processing (IDP), which involves, among other things, using self-learning software components to process document content and transform it into digitally usable and processable data. The group develops and integrates its digital modules and solutions for medium-sized businesses, government agencies, and other institutions.
68GF Score
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