Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Case Group ABFRA:V9E 77 Return-on-Tangible-Equity is 55.40% as of Mar. 2026, which is 4% above its 10-year median of 53.52. GuruFocus rates FRA:V9E with a GF Score™ of 77/100 and a GF Value™ of €1.74 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,590 Asset Management companies, Case Group AB ranks better than 97.74% 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. Case Group AB's annualized net income for the quarter that ended in Mar. 2026 was €2.19 Mil. Case Group AB's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €3.96 Mil. Therefore, Case Group AB's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 55.40%.
The historical rank and industry rank for Case Group AB's Return-on-Tangible-Equity or its related term are showing as below:
FRA:V9E'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -4.62 Med: 53.52 Max: 208.42
Current: 131.47
During the past 7 years, Case Group AB's highest Return-on-Tangible-Equity was 208.42%. The lowest was -4.62%. And the median was 53.52%.
FRA:V9E's Return-on-Tangible-Equity is ranked better than 97.74% of 1590
companies
in the Asset Management industry
Industry Median: 7.21
vs FRA:V9E: 131.47
Case Group AB (FRA:V9E) 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.
Case Group AB Return-on-Tangible-Equity Related Terms
Case Group AB Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Case 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:V9E vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Case 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.
Case Group AB Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Case Group AB's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Case 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 55.40% mean?
Case Group AB (FRA:V9E) has a Return-on-Tangible-Equity of 55.40% 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 Case Group AB and its competitors. This is near median its historical median of 53.52. According to the industry distribution chart, Case Group AB ranks #36 out of 1590 companies in the Asset Management industry, placing it in the top 2.3%.
Is Case Group AB's Return-on-Tangible-Equity too high?
Case Group AB's current Return-on-Tangible-Equity of 55.40% is near median its 10-year median of 53.52. The Asset Management industry median Return-on-Tangible-Equity is 7.21. Case Group AB's value of 55.40% is 668.4% above this industry median. Based on the distribution chart, Case Group AB ranks #36 out of 1590 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Case Group AB has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Case Group AB's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Case Group AB ranks #36 out of 1590 companies for Return-on-Tangible-Equity. This places Case Group AB in the top 2% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.21. Case Group AB's value of 55.40% is 668.4% above this benchmark. While the company's 10-year median is 53.52 vs. the industry median of 7.21, Case 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 an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.21, based on 1,590 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. Case Group AB's current Return-on-Tangible-Equity of 55.40% is 668.4% 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 Case Group AB and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Case Group AB's current Return-on-Tangible-Equity is 55.40%, which is near median its own 10-year median of 53.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Case Group AB stock overvalued right now?
Based on GuruFocus' analysis, Case Group AB (FRA:V9E) is currently considered Fairly Valued. The stock's GF Value™ is €1.74, compared to a current price of €1.73 — trading 0.9% below its estimated fair value. The current Return-on-Tangible-Equity is 55.40%, which is near median its 10-year median of 53.52 and 668.4% above the Asset Management industry median of 7.21. Case Group AB's overall GF Score™ is 77/100 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 Case Group AB (FRA:V9E), the current Return-on-Tangible-Equity is 55.40% 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 Case Group AB (FRA:V9E) Overvalued in 2026?
Based on GuruFocus' analysis, Case Group AB stock appears to be undervalued.
The current stock price of €1.73 is trading 0.9% below its estimated GF Value™ of €1.74.
GuruFocus considers Case Group AB to be Fairly Valued.
Key valuation signals for FRA:V9E:
Return-on-Tangible-Equity: 55.40% (near median its 10-year median of 53.52)
GF Value™: €1.74 vs. price of €1.73 (0.9% below fair value)
Industry Position: 668.4% above the Asset Management median (#36 of 1590)
No single metric tells the full story. See the FRA:V9E stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Case Group AB is an independent fund manager. Its business concept is to offer wealth-creating asset management with the goal of offering savers a good risk-adjusted return.
77GF Score
Get the complete analysis for FRA:V9E
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:V9E has been successfully added to your 
