Tabcorp HoldingsFRA:THL +3.32%51 Return-on-Tangible-Equity is Negative Tangible Equity% as of Dec. 2025. GuruFocus rates FRA:THL with a GF Score™ of 51/100 and a GF Value™ of €0.49 (Fairly Valued). The stock has 6 warning signs investors should review. Among 797 Travel & Leisure companies, Tabcorp Holdings ranks better than 99.87% 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. Tabcorp Holdings's annualized net income for the quarter that ended in Dec. 2025 was €25 Mil. Tabcorp Holdings's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €-681 Mil. Therefore, Tabcorp Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was Negative Tangible Equity%.
The historical rank and industry rank for Tabcorp Holdings's Return-on-Tangible-Equity or its related term are showing as below:
FRA:THL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0
Current: Negative Tangible Equity
FRA:THL's Return-on-Tangible-Equity is ranked better than 99.87% of 797
companies
in the Travel & Leisure industry
Industry Median: 7.43
vs FRA:THL: Negative Tangible Equity
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.
Tabcorp Holdings Return-on-Tangible-Equity Related Terms
Tabcorp Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Tabcorp Holdings'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:THL vs FLUT, DKNG, SGHC: Return-on-Tangible-Equity Comparison
For the Gambling subindustry, Tabcorp Holdings'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.
Tabcorp Holdings Return-on-Tangible-Equity vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Tabcorp Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Tabcorp Holdings'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 Negative Tangible Equity% mean?
Tabcorp Holdings (FRA:THL) has a Return-on-Tangible-Equity of Negative Tangible Equity% 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 Tabcorp Holdings and its competitors. According to the industry distribution chart, Tabcorp Holdings ranks #1 out of 797 companies in the Travel & Leisure industry, placing it in the top 0.099999999999994%.
Is Tabcorp Holdings' Return-on-Tangible-Equity too high?
Tabcorp Holdings' current Return-on-Tangible-Equity is Negative Tangible Equity%. Based on the distribution chart, Tabcorp Holdings ranks #1 out of 797 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Tabcorp Holdings has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tabcorp Holdings' Return-on-Tangible-Equity compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, Tabcorp Holdings ranks #1 out of 797 companies for Return-on-Tangible-Equity. This places Tabcorp Holdings in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.43. 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 Travel & Leisure company?
The median Return-on-Tangible-Equity among Travel & Leisure companies is 7.43, based on 797 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. 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 Tabcorp Holdings and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Equity is 7.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tabcorp Holdings's current Return-on-Tangible-Equity is Negative Tangible Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tabcorp Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tabcorp Holdings (FRA:THL) is currently considered Fairly Valued. The stock's GF Value™ is €0.49, compared to a current price of €0.50 — trading 1.6% above its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Tabcorp Holdings' overall GF Score™ is 51/100 with 6 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 Tabcorp Holdings (FRA:THL), the current Return-on-Tangible-Equity is Negative Tangible Equity% 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 Tabcorp Holdings (FRA:THL) Overvalued in 2026?
Based on GuruFocus' analysis, Tabcorp Holdings stock appears to be overvalued.
The current stock price of €0.50 is trading 1.6% above its estimated GF Value™ of €0.49.
GuruFocus considers Tabcorp Holdings to be Fairly Valued.
No single metric tells the full story. See the FRA:THL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tabcorp is essentially a pure-play Australian wagering operator, with exclusive rights to physical wagering at venues (pubs, clubs, and racecourses) and also a digital offering. Tabcorp operates through principally through two segments: wagering and media and gaming services. The firm conducts wagering activities under the TAB brand both online and physically in every Australian state and territory other than Western Australia, reaching 90% of the population through a network of retail venues. In addition, Integrity Services provides services to electronic gaming machine venues.
51GF Score
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