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.
Gelsenwasser AGFRA:WWG 67 Return-on-Tangible-Equity is 8.50% as of Dec. 2025, which is 37% below its 10-year median of 13.48. GuruFocus rates FRA:WWG with a GF Score™ of 67/100 and a GF Value™ of €439.26 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 498 Utilities - Regulated companies, Gelsenwasser AG ranks worse than 53.61% 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. Gelsenwasser AG's annualized net income for the quarter that ended in Dec. 2025 was €89 Mil. Gelsenwasser AG's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €1,045 Mil. Therefore, Gelsenwasser AG's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 8.50%.
The historical rank and industry rank for Gelsenwasser AG's Return-on-Tangible-Equity or its related term are showing as below:
FRA:WWG'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 9.35 Med: 13.48 Max: 15.45
Current: 9.97
During the past 13 years, Gelsenwasser AG's highest Return-on-Tangible-Equity was 15.45%. The lowest was 9.35%. And the median was 13.48%.
FRA:WWG's Return-on-Tangible-Equity is ranked worse than 53.61% of 498
companies
in the Utilities - Regulated industry
Industry Median: 10.91
vs FRA:WWG: 9.97
Gelsenwasser AG (FRA:WWG) 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.
Gelsenwasser AG Return-on-Tangible-Equity Related Terms
Gelsenwasser AG Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Gelsenwasser 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:WWG vs SRE, AES: Return-on-Tangible-Equity Comparison
For the Utilities - Diversified subindustry, Gelsenwasser 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.
Gelsenwasser AG Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Gelsenwasser AG's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Gelsenwasser 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 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 8.50% mean?
Gelsenwasser AG (FRA:WWG) has a Return-on-Tangible-Equity of 8.50% 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 Gelsenwasser AG and its competitors. This is 37% below median its historical median of 13.48. Over the past decade, Gelsenwasser AG's Return-on-Tangible-Equity has ranged from 9.35 to 15.45. According to the industry distribution chart, Gelsenwasser AG ranks #267 out of 498 companies in the Utilities - Regulated industry, placing it in the top 53.6%.
Is Gelsenwasser AG's Return-on-Tangible-Equity too high?
Gelsenwasser AG's current Return-on-Tangible-Equity of 8.50% is 37% below median its 10-year median of 13.48. Over the past 10 years, this metric has ranged from a low of 9.35 to a high of 15.45. The Utilities - Regulated industry median Return-on-Tangible-Equity is 10.91. Gelsenwasser AG's value of 8.50% is 22.1% below this industry median. Based on the distribution chart, Gelsenwasser AG ranks #267 out of 498 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Gelsenwasser AG has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gelsenwasser AG's Return-on-Tangible-Equity compare to SRE and AES?
According to the Utilities - Regulated industry distribution chart, Gelsenwasser AG ranks #267 out of 498 companies for Return-on-Tangible-Equity. This places Gelsenwasser AG in the lower half of its industry. The industry median Return-on-Tangible-Equity is 10.91. Gelsenwasser AG's value of 8.50% is 22.1% below this benchmark. Historically, Gelsenwasser AG's own Return-on-Tangible-Equity has ranged from 9.35 to 15.45 over the past decade. While the company's 10-year median is 13.48 vs. the industry median of 10.91, Gelsenwasser AG has consistently been below 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 Utilities - Regulated company?
The median Return-on-Tangible-Equity among Utilities - Regulated companies is 10.91, based on 498 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. Gelsenwasser AG's current Return-on-Tangible-Equity of 8.50% is 22.1% below 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 Gelsenwasser AG and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Equity is 10.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gelsenwasser AG's current Return-on-Tangible-Equity is 8.50%, which is 37% below median its own 10-year median of 13.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gelsenwasser AG stock overvalued right now?
Based on GuruFocus' analysis, Gelsenwasser AG (FRA:WWG) is currently considered Modestly Overvalued. The stock's GF Value™ is €439.26, compared to a current price of €540.00 — trading 22.9% above its estimated fair value. The current Return-on-Tangible-Equity is 8.50%, which is 37% below median its 10-year median of 13.48 and 22.1% below the Utilities - Regulated industry median of 10.91. Gelsenwasser AG's overall GF Score™ is 67/100 with 8 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 Gelsenwasser AG (FRA:WWG), the current Return-on-Tangible-Equity is 8.50% 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 Gelsenwasser AG (FRA:WWG) Overvalued in 2026?
Based on GuruFocus' analysis, Gelsenwasser AG stock appears to be overvalued.
The current stock price of €540.00 is trading 22.9% above its estimated GF Value™ of €439.26.
GuruFocus considers Gelsenwasser AG to be Modestly Overvalued.
Key valuation signals for FRA:WWG:
Return-on-Tangible-Equity: 8.50% (37% below median its 10-year median of 13.48)
GF Value™: €439.26 vs. price of €540.00 (22.9% above fair value)
Industry Position: 22.1% below the Utilities - Regulated median (#267 of 498)
No single metric tells the full story. See the FRA:WWG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gelsenwasser AG is engaged in supplying their customers with drinking and process water as well as with natural gas and heating to households, businesses, public institutions, and industry. It also performs wastewater disposal and electricity supply functions. The company generates revenue mostly from gas and water.
67GF Score
Get the complete analysis for FRA:WWG
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:WWG has been successfully added to your 
