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BQE WaterFRA:UL5A -0.88%79 Return-on-Tangible-Equity is -18.24% as of Mar. 2026. GuruFocus rates FRA:UL5A with a GF Score™ of 79/100 and a GF Value™ of €44.68 (Fairly Valued). The stock has 3 warning signs investors should review. Among 222 Waste Management companies, BQE Water ranks better than 71.62% 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. BQE Water's annualized net income for the quarter that ended in Mar. 2026 was €-3.22 Mil. BQE Water's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €17.64 Mil. Therefore, BQE Water's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -18.24%.
The historical rank and industry rank for BQE Water's Return-on-Tangible-Equity or its related term are showing as below:
FRA:UL5A'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -43.12 Med: 13.05 Max: 32.83
Current: 19.49
During the past 13 years, BQE Water's highest Return-on-Tangible-Equity was 32.83%. The lowest was -43.12%. And the median was 13.05%.
FRA:UL5A's Return-on-Tangible-Equity is ranked better than 71.62% of 222
companies
in the Waste Management industry
Industry Median: 9.39
vs FRA:UL5A: 19.49
BQE Water (FRA:UL5A) 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.
BQE Water Return-on-Tangible-Equity Related Terms
BQE Water Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for BQE Water'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:UL5A vs WM, RSG, WCN: Return-on-Tangible-Equity Comparison
For the Waste Management subindustry, BQE Water'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.
BQE Water Return-on-Tangible-Equity vs Waste Management Industry
For the Waste Management industry and Industrials sector, BQE Water's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where BQE Water'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 -18.24% mean?
BQE Water (FRA:UL5A) has a Return-on-Tangible-Equity of -18.24% 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 BQE Water and its competitors. According to the industry distribution chart, BQE Water ranks #63 out of 222 companies in the Waste Management industry, placing it in the top 28.4%.
Is BQE Water's Return-on-Tangible-Equity too high?
BQE Water's current Return-on-Tangible-Equity is -18.24%. Based on the distribution chart, BQE Water ranks #63 out of 222 companies in the Waste Management industry, which is above the industry midpoint. Overall, BQE Water has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BQE Water's Return-on-Tangible-Equity compare to WM and RSG?
According to the Waste Management industry distribution chart, BQE Water ranks #63 out of 222 companies for Return-on-Tangible-Equity. This puts BQE Water in the upper half of its industry. The industry median Return-on-Tangible-Equity is 9.39. 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 Waste Management company?
The median Return-on-Tangible-Equity among Waste Management companies is 9.39, based on 222 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 BQE Water and its competitors. For the Waste Management industry, the median Return-on-Tangible-Equity is 9.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BQE Water's current Return-on-Tangible-Equity is -18.24%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BQE Water stock overvalued right now?
Based on GuruFocus' analysis, BQE Water (FRA:UL5A) is currently considered Fairly Valued. The stock's GF Value™ is €44.68, compared to a current price of €45.20 — trading 1.2% above its estimated fair value. The current Return-on-Tangible-Equity is -18.24%. BQE Water's overall GF Score™ is 79/100 with 3 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 BQE Water (FRA:UL5A), the current Return-on-Tangible-Equity is -18.24% 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 BQE Water (FRA:UL5A) Overvalued in 2026?
Based on GuruFocus' analysis, BQE Water stock appears to be overvalued.
The current stock price of €45.20 is trading 1.2% above its estimated GF Value™ of €44.68.
GuruFocus considers BQE Water to be Fairly Valued.
Key valuation signals for FRA:UL5A:
Return-on-Tangible-Equity: -18.24%
GF Value™: €44.68 vs. price of €45.20 (1.2% above fair value)
No single metric tells the full story. See the FRA:UL5A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BQE Water Inc is a service provider specializing in water treatment and management for metals mining, smelting and refining. It is helping to transform the way the industry thinks about water in the context of natural resource projects by offering services and expertise that enable more sustainable water management practices and improved overall project performance at reduced risks. BQE Water invests in and has developed intellectual property through the commercialization of several new technologies at mine sites around the world for organizations including Glencore, Jiangxi Copper, Freeport-McMoRan and the US EPA.
79GF Score
Get the complete analysis for FRA:UL5A
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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