Solid StateFRA:OUY +6.42%64 Return-on-Tangible-Equity is 8.63% as of Mar. 2026, which is 64% below its 10-year median of 24.12. GuruFocus rates FRA:OUY with a GF Score™ of 64/100 and a GF Value™ of €2.86 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 2,381 Hardware companies, Solid State ranks better than 78.96% 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. Solid State's annualized net income for the quarter that ended in Mar. 2026 was €2.8 Mil. Solid State's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €32.1 Mil. Therefore, Solid State's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 8.63%.
The historical rank and industry rank for Solid State's Return-on-Tangible-Equity or its related term are showing as below:
FRA:OUY'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.09 Med: 24.12 Max: 48.52
Current: 15.27
During the past 13 years, Solid State's highest Return-on-Tangible-Equity was 48.52%. The lowest was 2.09%. And the median was 24.12%.
FRA:OUY's Return-on-Tangible-Equity is ranked better than 78.96% of 2381
companies
in the Hardware industry
Industry Median: 5.23
vs FRA:OUY: 15.27
Solid State (FRA:OUY) 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.
Solid State Return-on-Tangible-Equity Related Terms
Solid State Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Solid State'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:OUY vs APH, GLW, TEL: Return-on-Tangible-Equity Comparison
For the Electronic Components subindustry, Solid State'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.
Solid State Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Solid State's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Solid State'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 (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 8.63% mean?
Solid State (FRA:OUY) has a Return-on-Tangible-Equity of 8.63% 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 Solid State and its competitors. This is 64% below median its historical median of 24.12. Over the past decade, Solid State's Return-on-Tangible-Equity has ranged from 2.09 to 48.52. According to the industry distribution chart, Solid State ranks #501 out of 2381 companies in the Hardware industry, placing it in the top 21%.
Is Solid State's Return-on-Tangible-Equity too high?
Solid State's current Return-on-Tangible-Equity of 8.63% is 64% below median its 10-year median of 24.12. Over the past 10 years, this metric has ranged from a low of 2.09 to a high of 48.52. The Hardware industry median Return-on-Tangible-Equity is 5.23. Solid State's value of 8.63% is 65% above this industry median. Based on the distribution chart, Solid State ranks #501 out of 2381 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Solid State has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Solid State's Return-on-Tangible-Equity compare to APH and GLW?
According to the Hardware industry distribution chart, Solid State ranks #501 out of 2381 companies for Return-on-Tangible-Equity. This places Solid State in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.23. Solid State's value of 8.63% is 65% above this benchmark. Historically, Solid State's own Return-on-Tangible-Equity has ranged from 2.09 to 48.52 over the past decade. While the company's 10-year median is 24.12 vs. the industry median of 5.23, Solid State 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 Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.23, based on 2,381 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. Solid State's current Return-on-Tangible-Equity of 8.63% is 65% 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 Solid State and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Solid State's current Return-on-Tangible-Equity is 8.63%, which is 64% below median its own 10-year median of 24.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solid State stock overvalued right now?
Based on GuruFocus' analysis, Solid State (FRA:OUY) is currently considered Modestly Undervalued. The stock's GF Value™ is €2.86, compared to a current price of €2.32 — trading 18.9% below its estimated fair value. The current Return-on-Tangible-Equity is 8.63%, which is 64% below median its 10-year median of 24.12 and 65% above the Hardware industry median of 5.23. Solid State's overall GF Score™ is 64/100 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 Solid State (FRA:OUY), the current Return-on-Tangible-Equity is 8.63% 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 Solid State (FRA:OUY) Overvalued in 2026?
Based on GuruFocus' analysis, Solid State stock appears to be undervalued.
The current stock price of €2.32 is trading 18.9% below its estimated GF Value™ of €2.86.
GuruFocus considers Solid State to be Modestly Undervalued.
Key valuation signals for FRA:OUY:
Return-on-Tangible-Equity: 8.63% (64% below median its 10-year median of 24.12)
GF Value™: €2.86 vs. price of €2.32 (18.9% below fair value)
Industry Position: 65% above the Hardware median (#501 of 2381)
No single metric tells the full story. See the FRA:OUY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Solid State PLC is engaged in the manufacturing as well as distribution of electronic components and materials. The company's operating segment includes divisions, which are Components and Systems. Geographically, it derives the majority of its revenue from the United Kingdom and has a presence in the Rest of Europe, Asia, North America, and the Rest of the World. The company generates revenue from products such as Computing, Communications, Power and Optoelectronics, and electronic components and modules.
64GF Score
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