Frosta AGHAM:NLM +0.20%79 Return-on-Tangible-Equity is 14.57% as of Dec. 2025, which is 7% below its 10-year median of 15.61. GuruFocus rates HAM:NLM with a GF Score™ of 79/100 and a GF Value™ of €73.27 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,872 Consumer Packaged Goods companies, Frosta AG ranks better than 68.8% 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. Frosta AG's annualized net income for the quarter that ended in Dec. 2025 was €38.6 Mil. Frosta AG's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €264.6 Mil. Therefore, Frosta AG's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 14.57%.
The historical rank and industry rank for Frosta AG's Return-on-Tangible-Equity or its related term are showing as below:
HAM:NLM'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.96 Med: 15.61 Max: 17.67
Current: 14.2
During the past 13 years, Frosta AG's highest Return-on-Tangible-Equity was 17.67%. The lowest was 7.96%. And the median was 15.61%.
HAM:NLM's Return-on-Tangible-Equity is ranked better than 68.8% of 1872
companies
in the Consumer Packaged Goods industry
Industry Median: 7.73
vs HAM:NLM: 14.20
Frosta AG (HAM:NLM) 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.
Frosta AG Return-on-Tangible-Equity Related Terms
Frosta AG Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Frosta 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:NLM vs KHC, GIS, HRL: Return-on-Tangible-Equity Comparison
For the Packaged Foods subindustry, Frosta 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.
Frosta AG Return-on-Tangible-Equity vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Frosta AG's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Frosta 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 two times the semi-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 14.57% mean?
Frosta AG (HAM:NLM) has a Return-on-Tangible-Equity of 14.57% 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 Frosta AG and its competitors. This is near median its historical median of 15.61. Over the past decade, Frosta AG's Return-on-Tangible-Equity has ranged from 7.96 to 17.67. According to the industry distribution chart, Frosta AG ranks #584 out of 1872 companies in the Consumer Packaged Goods industry, placing it in the top 31.2%.
Is Frosta AG's Return-on-Tangible-Equity too high?
Frosta AG's current Return-on-Tangible-Equity of 14.57% is near median its 10-year median of 15.61. Over the past 10 years, this metric has ranged from a low of 7.96 to a high of 17.67. The Consumer Packaged Goods industry median Return-on-Tangible-Equity is 7.73. Frosta AG's value of 14.57% is 88.5% above this industry median. Based on the distribution chart, Frosta AG ranks #584 out of 1872 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Frosta AG has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Frosta AG's Return-on-Tangible-Equity compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Frosta AG ranks #584 out of 1872 companies for Return-on-Tangible-Equity. This puts Frosta AG in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.73. Frosta AG's value of 14.57% is 88.5% above this benchmark. Historically, Frosta AG's own Return-on-Tangible-Equity has ranged from 7.96 to 17.67 over the past decade. While the company's 10-year median is 15.61 vs. the industry median of 7.73, Frosta AG 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 Consumer Packaged Goods company?
The median Return-on-Tangible-Equity among Consumer Packaged Goods companies is 7.73, based on 1,872 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. Frosta AG's current Return-on-Tangible-Equity of 14.57% is 88.5% 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 Frosta AG and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Equity is 7.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Frosta AG's current Return-on-Tangible-Equity is 14.57%, which is near median its own 10-year median of 15.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frosta AG stock overvalued right now?
Based on GuruFocus' analysis, Frosta AG (HAM:NLM) is currently considered Significantly Overvalued. The stock's GF Value™ is €73.27, compared to a current price of €98.20 — trading 34% above its estimated fair value. The current Return-on-Tangible-Equity is 14.57%, which is near median its 10-year median of 15.61 and 88.5% above the Consumer Packaged Goods industry median of 7.73. Frosta AG's overall GF Score™ is 79/100 with 3 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 Frosta AG (HAM:NLM), the current Return-on-Tangible-Equity is 14.57% 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 Frosta AG (HAM:NLM) Overvalued in 2026?
Based on GuruFocus' analysis, Frosta AG stock appears to be overvalued.
The current stock price of €98.20 is trading 34% above its estimated GF Value™ of €73.27.
GuruFocus considers Frosta AG to be Significantly Overvalued.
Key valuation signals for HAM:NLM:
Return-on-Tangible-Equity: 14.57% (near median its 10-year median of 15.61)
GF Value™: €73.27 vs. price of €98.20 (34% above fair value)
Industry Position: 88.5% above the Consumer Packaged Goods median (#584 of 1872)
No single metric tells the full story. See the HAM:NLM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Frosta AG is a Germany based frozen food manufacturing company. The company produces and markets frozen foods which include vegetables, fruits, herbs, fish, and meals. The company has two separate sales units namely, the FRoSTA operating segment, which includes the brand business, the private label business and sales to home delivery services and catering business. The second unit is COPACK operating segment, which includes a private label and industrial business. It generates revenue from the operations of FRoSTA and COPACK segment. The company, through its subsidiaries, operates its business segments in Germany, and internationally.
79GF Score
Get the complete analysis for HAM:NLM
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:NLM has been successfully added to your 
