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. Zug Estates Holding AG's annualized net income for the quarter that ended in Dec. 2025 was €45.50 Mil. Zug Estates Holding AG's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €1,153.30 Mil. Therefore, Zug Estates Holding AG's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 3.95%.
The historical rank and industry rank for Zug Estates Holding AG's Return-on-Tangible-Equity or its related term are showing as below:
FRA:ZEE'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.44 Med: 5.26 Max: 8.7
Current: 8.02
During the past 13 years, Zug Estates Holding AG's highest Return-on-Tangible-Equity was 8.70%. The lowest was 2.44%. And the median was 5.26%.
FRA:ZEE's Return-on-Tangible-Equity is ranked better than 65.4% of 1714
companies
in the Real Estate industry
Industry Median: 4.325
vs FRA:ZEE: 8.02
Zug Estates Holding AG (FRA:ZEE) 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.
Zug Estates Holding AG Return-on-Tangible-Equity Related Terms
Zug Estates Holding AG Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Zug Estates Holding 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.
Zug Estates Holding AG Return-on-Tangible-Equity Chart
Zug Estates Holding AG Return-on-Tangible-Equity Competitor Comparison
For the Real Estate - Diversified subindustry, Zug Estates Holding 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.
Zug Estates Holding AG Return-on-Tangible-Equity vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Zug Estates Holding AG's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Zug Estates Holding 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 3.95% mean?
Zug Estates Holding AG (FRA:ZEE) has a Return-on-Tangible-Equity of 3.95% 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 Zug Estates Holding AG and its competitors. This is 25% below median its historical median of 5.26. Over the past decade, Zug Estates Holding AG's Return-on-Tangible-Equity has ranged from 2.44 to 8.70. According to the industry distribution chart, Zug Estates Holding AG ranks #593 out of 1714 companies in the Real Estate industry, placing it in the top 34.6%.
Is Zug Estates Holding AG's Return-on-Tangible-Equity too high?
Zug Estates Holding AG's current Return-on-Tangible-Equity of 3.95% is 25% below median its 10-year median of 5.26. Over the past 10 years, this metric has ranged from a low of 2.44 to a high of 8.70. The Real Estate industry median Return-on-Tangible-Equity is 4.33. Zug Estates Holding AG's value of 3.95% is 8.7% below this industry median. Based on the distribution chart, Zug Estates Holding AG ranks #593 out of 1714 companies in the Real Estate industry, which is above the industry midpoint. Overall, Zug Estates Holding AG has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.
How does Zug Estates Holding AG's Return-on-Tangible-Equity compare to competitors?
According to the Real Estate industry distribution chart, Zug Estates Holding AG ranks #593 out of 1714 companies for Return-on-Tangible-Equity. This puts Zug Estates Holding AG in the upper half of its industry. The industry median Return-on-Tangible-Equity is 4.33. Zug Estates Holding AG's value of 3.95% is 8.7% below this benchmark. Historically, Zug Estates Holding AG's own Return-on-Tangible-Equity has ranged from 2.44 to 8.70 over the past decade. While the company's 10-year median is 5.26 vs. the industry median of 4.33, Zug Estates Holding 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 a Real Estate company?
The median Return-on-Tangible-Equity among Real Estate companies is 4.33, based on 1,714 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. Zug Estates Holding AG's current Return-on-Tangible-Equity of 3.95% is 8.7% 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 Zug Estates Holding AG and its competitors. For the Real Estate industry, the median Return-on-Tangible-Equity is 4.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zug Estates Holding AG's current Return-on-Tangible-Equity is 3.95%, which is 25% below median its own 10-year median of 5.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zug Estates Holding AG stock overvalued right now?
Zug Estates Holding AG (FRA:ZEE) has a current Return-on-Tangible-Equity of 3.95%. The stock's GF Value™ is €2,129.15, compared to a current price of €2,280.00 — trading 7.1% above its estimated fair value. The current Return-on-Tangible-Equity is 3.95%, which is 25% below median its 10-year median of 5.26 and 8.7% below the Real Estate industry median of 4.33. Zug Estates Holding AG's overall GF Score™ is 65/100 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 Zug Estates Holding AG (FRA:ZEE), the current Return-on-Tangible-Equity is 3.95% 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 Zug Estates Holding AG (FRA:ZEE) Overvalued in 2026?
Based on GuruFocus' analysis, Zug Estates Holding AG stock appears to be overvalued.
The current stock price of €2,280.00 is trading 7.1% above its estimated GF Value™ of €2,129.15.
Key valuation signals for FRA:ZEE:
Return-on-Tangible-Equity: 3.95% (25% below median its 10-year median of 5.26)
GF Value™: €2,129.15 vs. price of €2,280.00 (7.1% above fair value)
Industry Position: 8.7% below the Real Estate median (#593 of 1714)
No single metric tells the full story. See the FRA:ZEE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zug Estates Holding AG develops, markets and manages properties in the Zug region. The business activities are functioned through Real Estate and hotel and catering segments. It generates maximum revenue from the Real Estate segment. The real estate segment operates primarily in the areas of product development and management. The project development department develops and oversees its own construction projects, mainly for the Group portfolio. Its management department provides property management services for third parties and the Group portfolio.
65GF Score
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