Trade & Value AGHAM:TAV 45 Return-on-Tangible-Equity is 2.42% as of Dec. 2025. GuruFocus rates HAM:TAV with a GF Score™ of 45/100 and a GF Value™ of €0.45 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,591 Asset Management companies, Trade & Value AG ranks worse than 67.82% 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. Trade & Value AG's annualized net income for the quarter that ended in Dec. 2025 was €0.01 Mil. Trade & Value AG's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €0.50 Mil. Therefore, Trade & Value AG's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 2.42%.
The historical rank and industry rank for Trade & Value AG's Return-on-Tangible-Equity or its related term are showing as below:
HAM:TAV'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -25.32 Med: -21.16 Max: 10.92
Current: 2.42
During the past 13 years, Trade & Value AG's highest Return-on-Tangible-Equity was 10.92%. The lowest was -25.32%. And the median was -21.16%.
HAM:TAV's Return-on-Tangible-Equity is ranked worse than 67.82% of 1591
companies
in the Asset Management industry
Industry Median: 7.21
vs HAM:TAV: 2.42
Trade & Value AG (HAM:TAV) 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.
Trade & Value AG Return-on-Tangible-Equity Related Terms
Trade & Value AG Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Trade & Value 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:TAV vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Trade & Value 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.
Trade & Value AG Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Trade & Value AG's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Trade & Value 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 2.42% mean?
Trade & Value AG (HAM:TAV) has a Return-on-Tangible-Equity of 2.42% 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 Trade & Value AG and its competitors. According to the industry distribution chart, Trade & Value AG ranks #1079 out of 1591 companies in the Asset Management industry, placing it in the top 67.8%.
Is Trade & Value AG's Return-on-Tangible-Equity too high?
Trade & Value AG's current Return-on-Tangible-Equity is 2.42%. The Asset Management industry median Return-on-Tangible-Equity is 7.21. Trade & Value AG's value of 2.42% is 66.4% below this industry median. Based on the distribution chart, Trade & Value AG ranks #1079 out of 1591 companies in the Asset Management industry, which is below the industry midpoint. Overall, Trade & Value AG has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Trade & Value AG's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Trade & Value AG ranks #1079 out of 1591 companies for Return-on-Tangible-Equity. This places Trade & Value AG in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.21. Trade & Value AG's value of 2.42% is 66.4% below this benchmark. 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 Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.21, based on 1,591 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. Trade & Value AG's current Return-on-Tangible-Equity of 2.42% is 66.4% 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 Trade & Value AG and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trade & Value AG's current Return-on-Tangible-Equity is 2.42%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trade & Value AG stock overvalued right now?
Based on GuruFocus' analysis, Trade & Value AG (HAM:TAV) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.45, compared to a current price of €1.60 — trading 255.6% above its estimated fair value. The current Return-on-Tangible-Equity is 2.42% and 66.4% below the Asset Management industry median of 7.21. Trade & Value AG's overall GF Score™ is 45/100 with 2 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 Trade & Value AG (HAM:TAV), the current Return-on-Tangible-Equity is 2.42% 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 Trade & Value AG (HAM:TAV) Overvalued in 2026?
Based on GuruFocus' analysis, Trade & Value AG stock appears to be overvalued.
The current stock price of €1.60 is trading 255.6% above its estimated GF Value™ of €0.45.
GuruFocus considers Trade & Value AG to be Significantly Overvalued.
Key valuation signals for HAM:TAV:
Return-on-Tangible-Equity: 2.42%
GF Value™: €0.45 vs. price of €1.60 (255.6% above fair value)
Industry Position: 66.4% below the Asset Management median (#1079 of 1591)
No single metric tells the full story. See the HAM:TAV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Trade & Value AG is an asset management company operating in Germany. The company focuses on investing in valued companies, undervalued assets, and turnaround stocks.
45GF Score
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