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.
NP3 Fastigheter ABFRA:N33 -1.86%83 Return-on-Tangible-Equity is 12.56% as of Jun. 2026, which is 23% below its 10-year median of 16.23. GuruFocus rates FRA:N33 with a GF Score™ of 83/100 and a GF Value™ of €25.26 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,717 Real Estate companies, NP3 Fastigheter AB ranks better than 80.43% 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. NP3 Fastigheter AB's annualized net income for the quarter that ended in Jun. 2026 was €129.2 Mil. NP3 Fastigheter AB's average shareholder tangible equity for the quarter that ended in Jun. 2026 was €1,028.5 Mil. Therefore, NP3 Fastigheter AB's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 12.56%.
The historical rank and industry rank for NP3 Fastigheter AB's Return-on-Tangible-Equity or its related term are showing as below:
FRA:N33'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -0.8 Med: 16.23 Max: 35.62
Current: 14.46
During the past 13 years, NP3 Fastigheter AB's highest Return-on-Tangible-Equity was 35.62%. The lowest was -0.80%. And the median was 16.23%.
FRA:N33's Return-on-Tangible-Equity is ranked better than 80.43% of 1717
companies
in the Real Estate industry
Industry Median: 4.27
vs FRA:N33: 14.46
NP3 Fastigheter AB (FRA:N33) 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.
NP3 Fastigheter AB Return-on-Tangible-Equity Related Terms
NP3 Fastigheter AB Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for NP3 Fastigheter 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.
NP3 Fastigheter AB Return-on-Tangible-Equity Chart
FRA:N33 vs CBRE, BEKE, JLL: Return-on-Tangible-Equity Comparison
For the Real Estate Services subindustry, NP3 Fastigheter 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.
NP3 Fastigheter AB Return-on-Tangible-Equity vs Real Estate Industry
For the Real Estate industry and Real Estate sector, NP3 Fastigheter AB's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where NP3 Fastigheter 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 (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 12.56% mean?
NP3 Fastigheter AB (FRA:N33) has a Return-on-Tangible-Equity of 12.56% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on NP3 Fastigheter AB and its competitors. This is 23% below median its historical median of 16.23. According to the industry distribution chart, NP3 Fastigheter AB ranks #336 out of 1717 companies in the Real Estate industry, placing it in the top 19.6%.
Is NP3 Fastigheter AB's Return-on-Tangible-Equity too high?
NP3 Fastigheter AB's current Return-on-Tangible-Equity of 12.56% is 23% below median its 10-year median of 16.23. The Real Estate industry median Return-on-Tangible-Equity is 4.27. NP3 Fastigheter AB's value of 12.56% is 194.1% above this industry median. Based on the distribution chart, NP3 Fastigheter AB ranks #336 out of 1717 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, NP3 Fastigheter AB has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NP3 Fastigheter AB's Return-on-Tangible-Equity compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, NP3 Fastigheter AB ranks #336 out of 1717 companies for Return-on-Tangible-Equity. This places NP3 Fastigheter AB in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.27. NP3 Fastigheter AB's value of 12.56% is 194.1% above this benchmark. While the company's 10-year median is 16.23 vs. the industry median of 4.27, NP3 Fastigheter AB 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 Real Estate company?
The median Return-on-Tangible-Equity among Real Estate companies is 4.27, based on 1,717 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. NP3 Fastigheter AB's current Return-on-Tangible-Equity of 12.56% is 194.1% 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 NP3 Fastigheter AB and its competitors. For the Real Estate industry, the median Return-on-Tangible-Equity is 4.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NP3 Fastigheter AB's current Return-on-Tangible-Equity is 12.56%, which is 23% below median its own 10-year median of 16.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NP3 Fastigheter AB stock overvalued right now?
Based on GuruFocus' analysis, NP3 Fastigheter AB (FRA:N33) is currently considered Fairly Valued. The stock's GF Value™ is €25.26, compared to a current price of €23.70 — trading 6.2% below its estimated fair value. The current Return-on-Tangible-Equity is 12.56%, which is 23% below median its 10-year median of 16.23 and 194.1% above the Real Estate industry median of 4.27. NP3 Fastigheter AB's overall GF Score™ is 83/100 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 NP3 Fastigheter AB (FRA:N33), the current Return-on-Tangible-Equity is 12.56% as of Jun. 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 NP3 Fastigheter AB (FRA:N33) Overvalued in 2026?
Based on GuruFocus' analysis, NP3 Fastigheter AB stock appears to be undervalued.
The current stock price of €23.70 is trading 6.2% below its estimated GF Value™ of €25.26.
GuruFocus considers NP3 Fastigheter AB to be Fairly Valued.
Key valuation signals for FRA:N33:
Return-on-Tangible-Equity: 12.56% (23% below median its 10-year median of 16.23)
GF Value™: €25.26 vs. price of €23.70 (6.2% below fair value)
Industry Position: 194.1% above the Real Estate median (#336 of 1717)
No single metric tells the full story. See the FRA:N33 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NP3 Fastigheter AB is a real estate company. It focuses on commercial real estate properties with high yields, mainly in northern Sweden. Its real estate portfolio properties include commercial, industrial, logistics, office, and other sectors. Other categories include hotels and community properties such as schools. The company's property portfolio is divided into eight business areas, namely Sundsvall, Dalarna, Ostersund, Gavle, Umea, Lulea, Skelleftea, and Middle Sweden.
83GF Score
Get the complete analysis for FRA:N33
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:N33 has been successfully added to your 
