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New Wave Group ABFRA:NWG0 -0.35%82 Return-on-Tangible-Equity is 10.33% as of Mar. 2026, which is 52% below its 10-year median of 21.58. GuruFocus rates FRA:NWG0 with a GF Score™ of 82/100 and a GF Value™ of €10.23 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,067 Retail - Cyclical companies, New Wave Group AB ranks better than 65.51% 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. New Wave Group AB's annualized net income for the quarter that ended in Mar. 2026 was €47.9 Mil. New Wave Group AB's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €463.7 Mil. Therefore, New Wave Group AB's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 10.33%.
The historical rank and industry rank for New Wave Group AB's Return-on-Tangible-Equity or its related term are showing as below:
FRA:NWG0'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 15.21 Med: 21.58 Max: 32.41
Current: 15.51
During the past 13 years, New Wave Group AB's highest Return-on-Tangible-Equity was 32.41%. The lowest was 15.21%. And the median was 21.58%.
FRA:NWG0's Return-on-Tangible-Equity is ranked better than 65.51% of 1067
companies
in the Retail - Cyclical industry
Industry Median: 8.35
vs FRA:NWG0: 15.51
New Wave Group AB (FRA:NWG0) 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.
New Wave Group AB Return-on-Tangible-Equity Related Terms
New Wave Group AB Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for New Wave Group 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:NWG0 vs CASY, WSM, ULTA: Return-on-Tangible-Equity Comparison
For the Specialty Retail subindustry, New Wave Group 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.
New Wave Group AB Return-on-Tangible-Equity vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, New Wave Group AB's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where New Wave Group 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 10.33% mean?
New Wave Group AB (FRA:NWG0) has a Return-on-Tangible-Equity of 10.33% 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 New Wave Group AB and its competitors. This is 52% below median its historical median of 21.58. Over the past decade, New Wave Group AB's Return-on-Tangible-Equity has ranged from 15.21 to 32.41. According to the industry distribution chart, New Wave Group AB ranks #368 out of 1067 companies in the Retail - Cyclical industry, placing it in the top 34.5%.
Is New Wave Group AB's Return-on-Tangible-Equity too high?
New Wave Group AB's current Return-on-Tangible-Equity of 10.33% is 52% below median its 10-year median of 21.58. Over the past 10 years, this metric has ranged from a low of 15.21 to a high of 32.41. The Retail - Cyclical industry median Return-on-Tangible-Equity is 8.35. New Wave Group AB's value of 10.33% is 23.7% above this industry median. Based on the distribution chart, New Wave Group AB ranks #368 out of 1067 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, New Wave Group AB has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does New Wave Group AB's Return-on-Tangible-Equity compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, New Wave Group AB ranks #368 out of 1067 companies for Return-on-Tangible-Equity. This puts New Wave Group AB in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.35. New Wave Group AB's value of 10.33% is 23.7% above this benchmark. Historically, New Wave Group AB's own Return-on-Tangible-Equity has ranged from 15.21 to 32.41 over the past decade. While the company's 10-year median is 21.58 vs. the industry median of 8.35, New Wave Group 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 Retail - Cyclical company?
The median Return-on-Tangible-Equity among Retail - Cyclical companies is 8.35, based on 1,067 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. New Wave Group AB's current Return-on-Tangible-Equity of 10.33% is 23.7% 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 New Wave Group AB and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Equity is 8.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Wave Group AB's current Return-on-Tangible-Equity is 10.33%, which is 52% below median its own 10-year median of 21.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Wave Group AB stock overvalued right now?
Based on GuruFocus' analysis, New Wave Group AB (FRA:NWG0) is currently considered Modestly Undervalued. The stock's GF Value™ is €10.23, compared to a current price of €8.47 — trading 17.2% below its estimated fair value. The current Return-on-Tangible-Equity is 10.33%, which is 52% below median its 10-year median of 21.58 and 23.7% above the Retail - Cyclical industry median of 8.35. New Wave Group AB's overall GF Score™ is 82/100 with 5 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 New Wave Group AB (FRA:NWG0), the current Return-on-Tangible-Equity is 10.33% 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 New Wave Group AB (FRA:NWG0) Overvalued in 2026?
Based on GuruFocus' analysis, New Wave Group AB stock appears to be undervalued.
The current stock price of €8.47 is trading 17.2% below its estimated GF Value™ of €10.23.
GuruFocus considers New Wave Group AB to be Modestly Undervalued.
Key valuation signals for FRA:NWG0:
Return-on-Tangible-Equity: 10.33% (52% below median its 10-year median of 21.58)
GF Value™: €10.23 vs. price of €8.47 (17.2% below fair value)
Industry Position: 23.7% above the Retail - Cyclical median (#368 of 1067)
No single metric tells the full story. See the FRA:NWG0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
New Wave Group AB is a Sweden-based company that designs, acquires, and develops brands and products in the corporate promo, gifts, and home furnishings sectors. The group achieves synergies by coordinating the design, purchasing, marketing, warehousing, and distribution of its product range. To ensure good diversification, the Group markets its products in the corporate promo market and the retail market. The group divides its operations into three operating segments: Corporate, Sports and Leisure, and Gifts and Home Furnishings. It derives maximum revenue from the Corporate segment. The firm generates the majority of its revenue from Promo sales channel.
82GF Score
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