Corticeira Amorim SGPSHAM:AS4 -3.08%61 Return-on-Tangible-Equity is 8.54% as of Mar. 2026, which is 43% below its 10-year median of 14.94. GuruFocus rates HAM:AS4 with a GF Score™ of 61/100 and a GF Value™ of €7.67. The stock has 5 warning signs investors should review. Among 280 Forest Products companies, Corticeira Amorim SGPS ranks better than 75% 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. Corticeira Amorim SGPS's annualized net income for the quarter that ended in Mar. 2026 was €61.4 Mil. Corticeira Amorim SGPS's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €719.6 Mil. Therefore, Corticeira Amorim SGPS's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 8.54%.
The historical rank and industry rank for Corticeira Amorim SGPS's Return-on-Tangible-Equity or its related term are showing as below:
HAM:AS4'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.69 Med: 14.94 Max: 27.55
Current: 6.69
During the past 13 years, Corticeira Amorim SGPS's highest Return-on-Tangible-Equity was 27.55%. The lowest was 6.69%. And the median was 14.94%.
HAM:AS4's Return-on-Tangible-Equity is ranked better than 75% of 280
companies
in the Forest Products industry
Industry Median: 2.145
vs HAM:AS4: 6.69
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.
Corticeira Amorim SGPS Return-on-Tangible-Equity Related Terms
Corticeira Amorim SGPS Return-on-Tangible-Equity Historical Data
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The historical data trend for Corticeira Amorim SGPS'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:AS4 vs SSD, UFPI, BCC: Return-on-Tangible-Equity Comparison
For the Lumber & Wood Production subindustry, Corticeira Amorim SGPS'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.
Corticeira Amorim SGPS Return-on-Tangible-Equity vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Corticeira Amorim SGPS's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Corticeira Amorim SGPS'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 8.54% mean?
Corticeira Amorim SGPS (HAM:AS4) has a Return-on-Tangible-Equity of 8.54% 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 Corticeira Amorim SGPS and its competitors. This is 43% below median its historical median of 14.94. Over the past decade, Corticeira Amorim SGPS's Return-on-Tangible-Equity has ranged from 6.69 to 27.55. According to the industry distribution chart, Corticeira Amorim SGPS ranks #70 out of 280 companies in the Forest Products industry, placing it in the top 25%.
Is Corticeira Amorim SGPS's Return-on-Tangible-Equity too high?
Corticeira Amorim SGPS's current Return-on-Tangible-Equity of 8.54% is 43% below median its 10-year median of 14.94. Over the past 10 years, this metric has ranged from a low of 6.69 to a high of 27.55. The Forest Products industry median Return-on-Tangible-Equity is 2.15. Corticeira Amorim SGPS's value of 8.54% is 298.1% above this industry median. Based on the distribution chart, Corticeira Amorim SGPS ranks #70 out of 280 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Corticeira Amorim SGPS has a GF Score™ of 61/100, reflecting its overall financial health beyond just this single metric.
How does Corticeira Amorim SGPS's Return-on-Tangible-Equity compare to SSD and UFPI?
According to the Forest Products industry distribution chart, Corticeira Amorim SGPS ranks #70 out of 280 companies for Return-on-Tangible-Equity. This places Corticeira Amorim SGPS in the top 25% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 2.15. Corticeira Amorim SGPS's value of 8.54% is 298.1% above this benchmark. Historically, Corticeira Amorim SGPS's own Return-on-Tangible-Equity has ranged from 6.69 to 27.55 over the past decade. While the company's 10-year median is 14.94 vs. the industry median of 2.15, Corticeira Amorim SGPS 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 a Forest Products company?
The median Return-on-Tangible-Equity among Forest Products companies is 2.15, based on 280 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. Corticeira Amorim SGPS's current Return-on-Tangible-Equity of 8.54% is 298.1% 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 Corticeira Amorim SGPS and its competitors. For the Forest Products industry, the median Return-on-Tangible-Equity is 2.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Corticeira Amorim SGPS's current Return-on-Tangible-Equity is 8.54%, which is 43% below median its own 10-year median of 14.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Corticeira Amorim SGPS stock overvalued right now?
Corticeira Amorim SGPS (HAM:AS4) has a current Return-on-Tangible-Equity of 8.54%. The stock's GF Value™ is €7.67, compared to a current price of €6.29 — trading 18% below its estimated fair value. The current Return-on-Tangible-Equity is 8.54%, which is 43% below median its 10-year median of 14.94 and 298.1% above the Forest Products industry median of 2.15. Corticeira Amorim SGPS's overall GF Score™ is 61/100 with 5 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 Corticeira Amorim SGPS (HAM:AS4), the current Return-on-Tangible-Equity is 8.54% 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 Corticeira Amorim SGPS (HAM:AS4) Overvalued in 2026?
Based on GuruFocus' analysis, Corticeira Amorim SGPS stock appears to be undervalued.
The current stock price of €6.29 is trading 18% below its estimated GF Value™ of €7.67.
Key valuation signals for HAM:AS4:
Return-on-Tangible-Equity: 8.54% (43% below median its 10-year median of 14.94)
GF Value™: €7.67 vs. price of €6.29 (18% below fair value)
Industry Position: 298.1% above the Forest Products median (#70 of 280)
No single metric tells the full story. See the HAM:AS4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Corticeira Amorim SGPS SA is mainly engaged in the acquisition and transformation of cork into a numerous set of cork and cork-related products, which are distributed through its network of sales companies. Its business units are Amorim Florestal, Amorim Cork, and Amorim Cork Solutions. It derives the majority of the revenue from Amorim Cork segment which produces different types of existing cork stoppers. The main markets are the bottling countries, from the traditional ones like France, Italy, Germany, Spain and Portugal, to the new markets like USA, Australia, Chile, South Africa and Argentina. Geographically, its operations are spread across EU, USA, Rest of America, Australasia, Portugal, Africa, and Rest of Europe.
61GF Score
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