FSROF (F-Secure) Return-on-Tangible-Equity: Negative Tangible Equity% (As of Mar. 2026)


FSROF F-Secure Corp FSROF
62 GF Score
Price $2.62
GF Value $2.65
Valuation Fairly Valued
! 10 Warning Signs
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What is F-Secure Return-on-Tangible-Equity?

F-Secure FSROF +29.06% 62 Return-on-Tangible-Equity is Negative Tangible Equity% as of Mar. 2026. GuruFocus rates FSROF with a GF Score™ of 62/100 and a GF Value™ of $2.65 (Fairly Valued). The stock has 10 warning signs investors should review. Among 2,470 Software companies, F-Secure ranks better than 99.92% 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. F-Secure's annualized net income for the quarter that ended in Mar. 2026 was $15.6 Mil. F-Secure's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $-177.3 Mil. Therefore, F-Secure's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was Negative Tangible Equity%.

The historical rank and industry rank for F-Secure's Return-on-Tangible-Equity or its related term are showing as below:

FSROF' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 311.19   Med: 638.79   Max: 966.39
Current: Negative Tangible Equity

During the past 7 years, F-Secure's highest Return-on-Tangible-Equity was 966.39%. The lowest was 311.19%. And the median was 638.79%.

FSROF's Return-on-Tangible-Equity is ranked better than
99.92% of 2470 companies
in the Software industry
Industry Median: 8.77 vs FSROF: Negative Tangible Equity

F-Secure  (OTCPK:FSROF) 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.


F-Secure Return-on-Tangible-Equity Related Terms


F-Secure Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for F-Secure'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.

F-Secure Return-on-Tangible-Equity Chart

F-Secure Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial 931.61 307.37 Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity

F-Secure Quarterly Data
Mar21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity

FSROF vs MSFT, ORCL, PLTR: Return-on-Tangible-Equity Comparison

For the Software - Infrastructure subindustry, F-Secure'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.


F-Secure Return-on-Tangible-Equity vs Software Industry

For the Software industry and Technology sector, F-Secure's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where F-Secure's Return-on-Tangible-Equity falls into.


FSROF
62GF Score
F-Secure Corp FSROF
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

F-Secure Return-on-Tangible-Equity Calculation

F-Secure's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=26.194/( (-176.44+-176.179 )/ 2 )
=26.194/-176.3095
=Negative Tangible Equity %

F-Secure's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=15.556/( (-176.179+-178.491)/ 2 )
=15.556/-177.335
=Negative Tangible Equity %

* 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 Negative Tangible Equity% mean?
F-Secure (FSROF) has a Return-on-Tangible-Equity of Negative Tangible Equity% 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 F-Secure and its competitors. Over the past decade, F-Secure's Return-on-Tangible-Equity has ranged from 311.19 to 966.39. According to the industry distribution chart, F-Secure ranks #2 out of 2470 companies in the Software industry, placing it in the top 0.099999999999994%.
Is F-Secure's Return-on-Tangible-Equity too high?
F-Secure's current Return-on-Tangible-Equity is Negative Tangible Equity%. Over the past 10 years, this metric has ranged from a low of 311.19 to a high of 966.39. Based on the distribution chart, F-Secure ranks #2 out of 2470 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, F-Secure has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does F-Secure's Return-on-Tangible-Equity compare to MSFT and ORCL?
According to the Software industry distribution chart, F-Secure ranks #2 out of 2470 companies for Return-on-Tangible-Equity. This places F-Secure in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.77. Historically, F-Secure's own Return-on-Tangible-Equity has ranged from 311.19 to 966.39 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 Software company?
The median Return-on-Tangible-Equity among Software companies is 8.77, based on 2,470 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 F-Secure and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 8.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. F-Secure's current Return-on-Tangible-Equity is Negative Tangible Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is F-Secure stock overvalued right now?
Based on GuruFocus' analysis, F-Secure (FSROF) is currently considered Fairly Valued. The stock's GF Value™ is $2.65, compared to a current price of $2.62 — trading 1.1% below its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. F-Secure's overall GF Score™ is 62/100 with 10 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 F-Secure (FSROF), the current Return-on-Tangible-Equity is Negative Tangible Equity% 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 F-Secure (FSROF) Overvalued in 2026?

Based on GuruFocus' analysis, F-Secure stock appears to be undervalued. The current stock price of $2.62 is trading 1.1% below its estimated GF Value™ of $2.65. GuruFocus considers F-Secure to be Fairly Valued.

Key valuation signals for FSROF:

  • Return-on-Tangible-Equity: Negative Tangible Equity%
  • GF Value™: $2.65 vs. price of $2.62 (1.1% below fair value)
  • GF Score™: 62/100 with 10 warning signs

No single metric tells the full story. See the FSROF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


F-Secure Business Description

Other Exchanges FSECURE:Finland3I6:Germany
Address Tammasaarenkatu 7, Helsinki, FIN, 00180
F-Secure Corp is engaged in designing and providing a comprehensive range of Cyber-security products and services related to data security, privacy protection as well as privacy protection and digital identity protection of consumer terminal devices, networks, and devices connected to a network, sold in each case either directly or indirectly to consumers. Geographically, the company earns a majority of its revenue from Europe, followed by the Nordic Countries. Its products are F-Secure Total, F-Secure Internet Security, F-Secure VPN, F-Secure ID Protection, and F-Secure Scam Protection.
62GF Score

Get the complete analysis for FSROF

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$2.62
Price
$2.65
GF Value