Solar ASFRA:ZVR +3.89%63 Return-on-Tangible-Equity is -13.12% as of Mar. 2026. GuruFocus rates FRA:ZVR with a GF Score™ of 63/100 and a GF Value™ of €38.37 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 2,376 Hardware companies, Solar AS ranks worse than 53.16% 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. Solar AS's annualized net income for the quarter that ended in Mar. 2026 was €-22 Mil. Solar AS's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €171 Mil. Therefore, Solar AS's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -13.12%.
The historical rank and industry rank for Solar AS's Return-on-Tangible-Equity or its related term are showing as below:
FRA:ZVR'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.6 Med: 10.48 Max: 37.17
Current: 4.51
During the past 13 years, Solar AS's highest Return-on-Tangible-Equity was 37.17%. The lowest was 1.60%. And the median was 10.48%.
FRA:ZVR's Return-on-Tangible-Equity is ranked worse than 53.16% of 2376
companies
in the Hardware industry
Industry Median: 5.265
vs FRA:ZVR: 4.51
Solar AS (FRA:ZVR) 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.
Solar AS Return-on-Tangible-Equity Related Terms
Solar AS Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Solar AS'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:ZVR vs SNX, ARW, AVT: Return-on-Tangible-Equity Comparison
For the Electronics & Computer Distribution subindustry, Solar AS'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.
Solar AS Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Solar AS's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Solar AS'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 -13.12% mean?
Solar AS (FRA:ZVR) has a Return-on-Tangible-Equity of -13.12% 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 Solar AS and its competitors. Over the past decade, Solar AS's Return-on-Tangible-Equity has ranged from 1.60 to 37.17. According to the industry distribution chart, Solar AS ranks #1263 out of 2376 companies in the Hardware industry, placing it in the top 53.2%.
Is Solar AS's Return-on-Tangible-Equity too high?
Solar AS's current Return-on-Tangible-Equity is -13.12%. Over the past 10 years, this metric has ranged from a low of 1.60 to a high of 37.17. Based on the distribution chart, Solar AS ranks #1263 out of 2376 companies in the Hardware industry, which is below the industry midpoint. Overall, Solar AS has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Solar AS's Return-on-Tangible-Equity compare to SNX and ARW?
According to the Hardware industry distribution chart, Solar AS ranks #1263 out of 2376 companies for Return-on-Tangible-Equity. This places Solar AS in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.27. Historically, Solar AS's own Return-on-Tangible-Equity has ranged from 1.60 to 37.17 over the past decade. 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 Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.27, based on 2,376 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 Solar AS and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Solar AS's current Return-on-Tangible-Equity is -13.12%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solar AS stock overvalued right now?
Based on GuruFocus' analysis, Solar AS (FRA:ZVR) is currently considered Possible Value Trap. The stock's GF Value™ is €38.37, compared to a current price of €25.35 — trading 33.9% below its estimated fair value. The current Return-on-Tangible-Equity is -13.12%. Solar AS's overall GF Score™ is 63/100 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 Solar AS (FRA:ZVR), the current Return-on-Tangible-Equity is -13.12% 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 Solar AS (FRA:ZVR) Overvalued in 2026?
Based on GuruFocus' analysis, Solar AS stock appears to be undervalued.
The current stock price of €25.35 is trading 33.9% below its estimated GF Value™ of €38.37.
GuruFocus considers Solar AS to be Possible Value Trap.
Key valuation signals for FRA:ZVR:
Return-on-Tangible-Equity: -13.12%
GF Value™: €38.37 vs. price of €25.35 (33.9% below fair value)
No single metric tells the full story. See the FRA:ZVR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Solar AS is an sourcing and services company mainly within electrical, heating & plumbing and climate & energy solutions. Its core business centres on product sourcing, value-adding services and optimisation of customer's businesses. It has three business segment; Installation, Industry and Trade. Installation covers installation of electrical, and heating and plumbing products, while industry covers industry, offshore and marine, and utility and infrastructure, trade covers other small areas. Key revenue is generated from Installation segment. The company operates in Denmark, Sweden, Norway, Netherlands, Poland and Others.
63GF Score
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