Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
ifa systems AGHAM:IS8 -0.99%62 Return-on-Tangible-Equity is 6.32% as of Dec. 2025, which is 94% below its 10-year median of 103.55. GuruFocus rates HAM:IS8 with a GF Score™ of 62/100 and a GF Value™ of €2.51 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 581 Healthcare Providers & Services companies, ifa systems AG ranks worse than 59.21% 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. ifa systems AG's annualized net income for the quarter that ended in Dec. 2025 was €0.18 Mil. ifa systems AG's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €2.77 Mil. Therefore, ifa systems AG's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 6.32%.
The historical rank and industry rank for ifa systems AG's Return-on-Tangible-Equity or its related term are showing as below:
HAM:IS8'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1.75 Med: 103.55 Max: 260.52
Current: 6.32
During the past 13 years, ifa systems AG's highest Return-on-Tangible-Equity was 260.52%. The lowest was -1.75%. And the median was 103.55%.
HAM:IS8's Return-on-Tangible-Equity is ranked worse than 59.21% of 581
companies
in the Healthcare Providers & Services industry
Industry Median: 10.13
vs HAM:IS8: 6.32
ifa systems AG (HAM:IS8) 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.
ifa systems AG Return-on-Tangible-Equity Related Terms
ifa systems AG Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for ifa systems 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.
HAM:IS8 vs VEEV, BTSG, TEM: Return-on-Tangible-Equity Comparison
For the Health Information Services subindustry, ifa systems 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.
ifa systems AG Return-on-Tangible-Equity vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, ifa systems AG's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where ifa systems 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 one times the 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 6.32% mean?
ifa systems AG (HAM:IS8) has a Return-on-Tangible-Equity of 6.32% 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 ifa systems AG and its competitors. This is 94% below median its historical median of 103.55. According to the industry distribution chart, ifa systems AG ranks #344 out of 581 companies in the Healthcare Providers & Services industry, placing it in the top 59.2%.
Is ifa systems AG's Return-on-Tangible-Equity too high?
ifa systems AG's current Return-on-Tangible-Equity of 6.32% is 94% below median its 10-year median of 103.55. The Healthcare Providers & Services industry median Return-on-Tangible-Equity is 10.13. ifa systems AG's value of 6.32% is 37.6% below this industry median. Based on the distribution chart, ifa systems AG ranks #344 out of 581 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, ifa systems AG has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ifa systems AG's Return-on-Tangible-Equity compare to VEEV and BTSG?
According to the Healthcare Providers & Services industry distribution chart, ifa systems AG ranks #344 out of 581 companies for Return-on-Tangible-Equity. This places ifa systems AG in the lower half of its industry. The industry median Return-on-Tangible-Equity is 10.13. ifa systems AG's value of 6.32% is 37.6% below this benchmark. While the company's 10-year median is 103.55 vs. the industry median of 10.13, ifa systems 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 Healthcare Providers & Services company?
The median Return-on-Tangible-Equity among Healthcare Providers & Services companies is 10.13, based on 581 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. ifa systems AG's current Return-on-Tangible-Equity of 6.32% is 37.6% 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 ifa systems AG and its competitors. For the Healthcare Providers & Services industry, the median Return-on-Tangible-Equity is 10.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ifa systems AG's current Return-on-Tangible-Equity is 6.32%, which is 94% below median its own 10-year median of 103.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ifa systems AG stock overvalued right now?
Based on GuruFocus' analysis, ifa systems AG (HAM:IS8) is currently considered Modestly Undervalued. The stock's GF Value™ is €2.51, compared to a current price of €2.00 — trading 20.3% below its estimated fair value. The current Return-on-Tangible-Equity is 6.32%, which is 94% below median its 10-year median of 103.55 and 37.6% below the Healthcare Providers & Services industry median of 10.13. ifa systems AG's overall GF Score™ is 62/100 with 4 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 ifa systems AG (HAM:IS8), the current Return-on-Tangible-Equity is 6.32% 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 ifa systems AG (HAM:IS8) Overvalued in 2026?
Based on GuruFocus' analysis, ifa systems AG stock appears to be undervalued.
The current stock price of €2.00 is trading 20.3% below its estimated GF Value™ of €2.51.
GuruFocus considers ifa systems AG to be Modestly Undervalued.
Key valuation signals for HAM:IS8:
Return-on-Tangible-Equity: 6.32% (94% below median its 10-year median of 103.55)
GF Value™: €2.51 vs. price of €2.00 (20.3% below fair value)
Industry Position: 37.6% below the Healthcare Providers & Services median (#344 of 581)
No single metric tells the full story. See the HAM:IS8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ifa systems AG develops, distributes and installs software solutions and components for ophthalmologists and eye clinics in the fast-growing health IT industry. Its products are divided into the Clinic, Practice, and Language Versions. Some of its product includes EMR (Electronic Medical Records); MDI (Medical Device Interface); Software Connection Platform; CDSS (Clinical Decision Support System); WFM Software (Workflow Management) and others.
62GF Score
Get the complete analysis for HAM:IS8
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HAM:IS8 has been successfully added to your 
