Kenon HoldingsHAM:76N -2.52%65 Return-on-Tangible-Equity is 7.17% as of Mar. 2026, which is 75% below its 10-year median of 29.01. GuruFocus rates HAM:76N with a GF Score™ of 65/100 and a GF Value™ of €39.52 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 427 Utilities - Independent Power Producers companies, Kenon Holdings ranks better than 53.4% 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. Kenon Holdings's annualized net income for the quarter that ended in Mar. 2026 was €90.0 Mil. Kenon Holdings's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €1,255.5 Mil. Therefore, Kenon Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 7.17%.
The historical rank and industry rank for Kenon Holdings's Return-on-Tangible-Equity or its related term are showing as below:
HAM:76N'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -67.62 Med: 29.01 Max: 70.61
Current: 5.66
During the past 13 years, Kenon Holdings's highest Return-on-Tangible-Equity was 70.61%. The lowest was -67.62%. And the median was 29.01%.
HAM:76N's Return-on-Tangible-Equity is ranked better than 53.4% of 427
companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.68
vs HAM:76N: 5.66
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.
Kenon Holdings Return-on-Tangible-Equity Related Terms
Kenon Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Kenon Holdings'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.
HAM:76N vs HNRG, OKLO, CEG: Return-on-Tangible-Equity Comparison
For the Utilities - Independent Power Producers subindustry, Kenon Holdings'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.
Kenon Holdings Return-on-Tangible-Equity vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Kenon Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Kenon Holdings'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 7.17% mean?
Kenon Holdings (HAM:76N) has a Return-on-Tangible-Equity of 7.17% 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 Kenon Holdings and its competitors. This is 75% below median its historical median of 29.01. According to the industry distribution chart, Kenon Holdings ranks #199 out of 427 companies in the Utilities - Independent Power Producers industry, placing it in the top 46.6%.
Is Kenon Holdings' Return-on-Tangible-Equity too high?
Kenon Holdings' current Return-on-Tangible-Equity of 7.17% is 75% below median its 10-year median of 29.01. The Utilities - Independent Power Producers industry median Return-on-Tangible-Equity is 4.68. Kenon Holdings' value of 7.17% is 53.2% above this industry median. Based on the distribution chart, Kenon Holdings ranks #199 out of 427 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Kenon Holdings has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kenon Holdings' Return-on-Tangible-Equity compare to HNRG and OKLO?
According to the Utilities - Independent Power Producers industry distribution chart, Kenon Holdings ranks #199 out of 427 companies for Return-on-Tangible-Equity. This puts Kenon Holdings in the upper half of its industry. The industry median Return-on-Tangible-Equity is 4.68. Kenon Holdings' value of 7.17% is 53.2% above this benchmark. While the company's 10-year median is 29.01 vs. the industry median of 4.68, Kenon Holdings 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 an Utilities - Independent Power Producers company?
The median Return-on-Tangible-Equity among Utilities - Independent Power Producers companies is 4.68, based on 427 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. Kenon Holdings's current Return-on-Tangible-Equity of 7.17% is 53.2% 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 Kenon Holdings and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Equity is 4.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kenon Holdings's current Return-on-Tangible-Equity is 7.17%, which is 75% below median its own 10-year median of 29.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kenon Holdings stock overvalued right now?
Based on GuruFocus' analysis, Kenon Holdings (HAM:76N) is currently considered Significantly Overvalued. The stock's GF Value™ is €39.52, compared to a current price of €58.00 — trading 46.8% above its estimated fair value. The current Return-on-Tangible-Equity is 7.17%, which is 75% below median its 10-year median of 29.01 and 53.2% above the Utilities - Independent Power Producers industry median of 4.68. Kenon Holdings' overall GF Score™ is 65/100 with 6 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 Kenon Holdings (HAM:76N), the current Return-on-Tangible-Equity is 7.17% 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 Kenon Holdings (HAM:76N) Overvalued in 2026?
Based on GuruFocus' analysis, Kenon Holdings stock appears to be overvalued.
The current stock price of €58.00 is trading 46.8% above its estimated GF Value™ of €39.52.
GuruFocus considers Kenon Holdings to be Significantly Overvalued.
Key valuation signals for HAM:76N:
Return-on-Tangible-Equity: 7.17% (75% below median its 10-year median of 29.01)
GF Value™: €39.52 vs. price of €58.00 (46.8% above fair value)
Industry Position: 53.2% above the Utilities - Independent Power Producers median (#199 of 427)
No single metric tells the full story. See the HAM:76N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kenon Holdings Ltd is a holding company that operates dynamic, growth-oriented businesses. The company's operating segments include: OPC Power Plants, which generates and supplies electricity and energy in Israel; and CPV Group, which generates and supplies electricity and energy in the United States. It generates maximum revenue from the OPC Power Plants segment, which generates and supplies electricity and energy in Israel. CPV Group is a limited partnership owned by OPC, which generates and supplies electricity and energy in the United States. Geographically, the company generates a majority of its revenue from Israel and the rest from the United States.
65GF Score
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