voestalpine AGFRA:VASS +3.73%58 Return-on-Tangible-Equity is 11.01% as of Mar. 2026, which is 32% above its 10-year median of 8.34. GuruFocus rates FRA:VASS with a GF Score™ of 58/100 and a GF Value™ of €4.42 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 614 Steel companies, voestalpine AG ranks better than 64.66% 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. voestalpine AG's annualized net income for the quarter that ended in Mar. 2026 was €680 Mil. voestalpine AG's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €6,175 Mil. Therefore, voestalpine AG's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 11.01%.
The historical rank and industry rank for voestalpine AG's Return-on-Tangible-Equity or its related term are showing as below:
FRA:VASS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -5.06 Med: 8.34 Max: 29.39
Current: 7.02
During the past 13 years, voestalpine AG's highest Return-on-Tangible-Equity was 29.39%. The lowest was -5.06%. And the median was 8.34%.
FRA:VASS's Return-on-Tangible-Equity is ranked better than 64.66% of 614
companies
in the Steel industry
Industry Median: 3.95
vs FRA:VASS: 7.02
voestalpine AG (FRA:VASS) 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.
voestalpine AG Return-on-Tangible-Equity Related Terms
voestalpine AG Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for voestalpine AG'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:VASS vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, voestalpine AG'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.
voestalpine AG Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, voestalpine AG's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where voestalpine AG'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 11.01% mean?
voestalpine AG (FRA:VASS) has a Return-on-Tangible-Equity of 11.01% 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 voestalpine AG and its competitors. This is 32% above median its historical median of 8.34. According to the industry distribution chart, voestalpine AG ranks #217 out of 614 companies in the Steel industry, placing it in the top 35.3%.
Is voestalpine AG's Return-on-Tangible-Equity too high?
voestalpine AG's current Return-on-Tangible-Equity of 11.01% is 32% above median its 10-year median of 8.34. The Steel industry median Return-on-Tangible-Equity is 3.95. voestalpine AG's value of 11.01% is 178.7% above this industry median. Based on the distribution chart, voestalpine AG ranks #217 out of 614 companies in the Steel industry, which is above the industry midpoint. Overall, voestalpine AG has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does voestalpine AG's Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, voestalpine AG ranks #217 out of 614 companies for Return-on-Tangible-Equity. This puts voestalpine AG in the upper half of its industry. The industry median Return-on-Tangible-Equity is 3.95. voestalpine AG's value of 11.01% is 178.7% above this benchmark. While the company's 10-year median is 8.34 vs. the industry median of 3.95, voestalpine AG 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 Steel company?
The median Return-on-Tangible-Equity among Steel companies is 3.95, based on 614 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. voestalpine AG's current Return-on-Tangible-Equity of 11.01% is 178.7% 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 voestalpine AG and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 3.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. voestalpine AG's current Return-on-Tangible-Equity is 11.01%, which is 32% above median its own 10-year median of 8.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is voestalpine AG stock overvalued right now?
Based on GuruFocus' analysis, voestalpine AG (FRA:VASS) is currently considered Significantly Overvalued. The stock's GF Value™ is €4.42, compared to a current price of €8.35 — trading 88.9% above its estimated fair value. The current Return-on-Tangible-Equity is 11.01%, which is 32% above median its 10-year median of 8.34 and 178.7% above the Steel industry median of 3.95. voestalpine AG's overall GF Score™ is 58/100 with 7 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 voestalpine AG (FRA:VASS), the current Return-on-Tangible-Equity is 11.01% 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 voestalpine AG (FRA:VASS) Overvalued in 2026?
Based on GuruFocus' analysis, voestalpine AG stock appears to be overvalued.
The current stock price of €8.35 is trading 88.9% above its estimated GF Value™ of €4.42.
GuruFocus considers voestalpine AG to be Significantly Overvalued.
Key valuation signals for FRA:VASS:
Return-on-Tangible-Equity: 11.01% (32% above median its 10-year median of 8.34)
GF Value™: €4.42 vs. price of €8.35 (88.9% above fair value)
Industry Position: 178.7% above the Steel median (#217 of 614)
No single metric tells the full story. See the FRA:VASS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
voestalpine AG is engaged in the manufacturing, processing, and development of steel products. Its divisions are: Steel Division, which generates maximum revenue and is involved in the production of steel products and the casting of large turbines. High-Performance Metals Division provides metals for the automotive, consumer goods, power generation, energy, and aviation sectors. The Metal Engineering Division produces rails, turnout systems, track-based monitoring systems, specially treated wire, and others. Metal Forming Division provides customized special and precision sections, as well as solutions for systems in the construction, cab construction for commercial vehicles, and aviation sectors, and Holding & Group Services. It generates its maximum revenue from the European Union.
58GF Score
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