DeFi TechnologiesFRA:R9B -1.95%49 Return-on-Tangible-Equity is 16.88% as of Mar. 2026, which is 45% below its 10-year median of 30.52. GuruFocus rates FRA:R9B with a GF Score™ of 49/100 and a GF Value™ of €0.43 (Fairly Valued). The stock has 9 warning signs investors should review. Among 779 Capital Markets companies, DeFi Technologies ranks better than 92.43% 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. DeFi Technologies's annualized net income for the quarter that ended in Mar. 2026 was €17.06 Mil. DeFi Technologies's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €101.07 Mil. Therefore, DeFi Technologies's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 16.88%.
The historical rank and industry rank for DeFi Technologies's Return-on-Tangible-Equity or its related term are showing as below:
FRA:R9B'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -482.2 Med: 30.52 Max: 133.11
Current: 53.02
During the past 13 years, DeFi Technologies's highest Return-on-Tangible-Equity was 133.11%. The lowest was -482.20%. And the median was 30.52%.
FRA:R9B's Return-on-Tangible-Equity is ranked better than 92.43% of 779
companies
in the Capital Markets industry
Industry Median: 6.52
vs FRA:R9B: 53.02
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.
DeFi Technologies Return-on-Tangible-Equity Related Terms
DeFi Technologies Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for DeFi Technologies'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:R9B vs MS, GS, SCHW: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, DeFi Technologies'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.
DeFi Technologies Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, DeFi Technologies's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where DeFi Technologies'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 16.88% mean?
DeFi Technologies (FRA:R9B) has a Return-on-Tangible-Equity of 16.88% 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 DeFi Technologies and its competitors. This is 45% below median its historical median of 30.52. According to the industry distribution chart, DeFi Technologies ranks #59 out of 779 companies in the Capital Markets industry, placing it in the top 7.6%.
Is DeFi Technologies' Return-on-Tangible-Equity too high?
DeFi Technologies' current Return-on-Tangible-Equity of 16.88% is 45% below median its 10-year median of 30.52. The Capital Markets industry median Return-on-Tangible-Equity is 6.52. DeFi Technologies' value of 16.88% is 158.9% above this industry median. Based on the distribution chart, DeFi Technologies ranks #59 out of 779 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, DeFi Technologies has a GF Score™ of 49/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does DeFi Technologies' Return-on-Tangible-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, DeFi Technologies ranks #59 out of 779 companies for Return-on-Tangible-Equity. This places DeFi Technologies in the top 8% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.52. DeFi Technologies' value of 16.88% is 158.9% above this benchmark. While the company's 10-year median is 30.52 vs. the industry median of 6.52, DeFi Technologies 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 Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.52, based on 779 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. DeFi Technologies's current Return-on-Tangible-Equity of 16.88% is 158.9% 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 DeFi Technologies and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DeFi Technologies's current Return-on-Tangible-Equity is 16.88%, which is 45% below median its own 10-year median of 30.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DeFi Technologies stock overvalued right now?
Based on GuruFocus' analysis, DeFi Technologies (FRA:R9B) is currently considered Fairly Valued. The stock's GF Value™ is €0.43, compared to a current price of €0.43 — trading 0.7% above its estimated fair value. The current Return-on-Tangible-Equity is 16.88%, which is 45% below median its 10-year median of 30.52 and 158.9% above the Capital Markets industry median of 6.52. DeFi Technologies' overall GF Score™ is 49/100 with 9 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 DeFi Technologies (FRA:R9B), the current Return-on-Tangible-Equity is 16.88% 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 DeFi Technologies (FRA:R9B) Overvalued in 2026?
Based on GuruFocus' analysis, DeFi Technologies stock appears to be overvalued.
The current stock price of €0.43 is trading 0.7% above its estimated GF Value™ of €0.43.
GuruFocus considers DeFi Technologies to be Fairly Valued.
Key valuation signals for FRA:R9B:
Return-on-Tangible-Equity: 16.88% (45% below median its 10-year median of 30.52)
GF Value™: €0.43 vs. price of €0.43 (0.7% above fair value)
Industry Position: 158.9% above the Capital Markets median (#59 of 779)
No single metric tells the full story. See the FRA:R9B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DeFi Technologies Inc is a Canadian technology company bridging the gap between traditional capital markets and decentralized finance. The Company generates revenues through the issuance of exchange-traded products that synthetically track the value of a single DeFi protocol, investments in various companies and protocols across the decentralized finance ecosystem to build a diversified portfolio of decentralized finance assets, providing premium membership for research reports to investors and offering node management of decentralized protocols to support governance, security and transaction validation.
49GF Score
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