Intercede GroupIRCDF 82 Return-on-Tangible-Equity is 28.47% as of Mar. 2026, which is 1% above its 10-year median of 28.15. GuruFocus rates IRCDF with a GF Score™ of 82/100 and a GF Value™ of $1.73. The stock has 2 warning signs investors should review. Among 2,474 Software companies, Intercede Group ranks better than 70.37% 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. Intercede Group's annualized net income for the quarter that ended in Mar. 2026 was $5.69 Mil. Intercede Group's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $19.99 Mil. Therefore, Intercede Group's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 28.47%.
The historical rank and industry rank for Intercede Group's Return-on-Tangible-Equity or its related term are showing as below:
IRCDF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -207.8 Med: 28.15 Max: 90.88
Current: 23.17
During the past 13 years, Intercede Group's highest Return-on-Tangible-Equity was 90.88%. The lowest was -207.80%. And the median was 28.15%.
IRCDF's Return-on-Tangible-Equity is ranked better than 70.37% of 2474
companies
in the Software industry
Industry Median: 8.785
vs IRCDF: 23.17
Intercede Group (OTCPK:IRCDF) 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.
Intercede Group Return-on-Tangible-Equity Related Terms
Intercede Group Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Intercede Group'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.
IRCDF vs CRM, SHOP, UBER: Return-on-Tangible-Equity Comparison
For the Software - Application subindustry, Intercede Group'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.
Intercede Group Return-on-Tangible-Equity vs Software Industry
For the Software industry and Technology sector, Intercede Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Intercede Group'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 (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 28.47% mean?
Intercede Group (IRCDF) has a Return-on-Tangible-Equity of 28.47% 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 Intercede Group and its competitors. This is near median its historical median of 28.15. According to the industry distribution chart, Intercede Group ranks #733 out of 2474 companies in the Software industry, placing it in the top 29.6%.
Is Intercede Group's Return-on-Tangible-Equity too high?
Intercede Group's current Return-on-Tangible-Equity of 28.47% is near median its 10-year median of 28.15. The Software industry median Return-on-Tangible-Equity is 8.79. Intercede Group's value of 28.47% is 224.1% above this industry median. Based on the distribution chart, Intercede Group ranks #733 out of 2474 companies in the Software industry, which is above the industry midpoint. Overall, Intercede Group has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Intercede Group's Return-on-Tangible-Equity compare to CRM and SHOP?
According to the Software industry distribution chart, Intercede Group ranks #733 out of 2474 companies for Return-on-Tangible-Equity. This puts Intercede Group in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.79. Intercede Group's value of 28.47% is 224.1% above this benchmark. While the company's 10-year median is 28.15 vs. the industry median of 8.79, Intercede Group 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 Software company?
The median Return-on-Tangible-Equity among Software companies is 8.79, based on 2,474 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. Intercede Group's current Return-on-Tangible-Equity of 28.47% is 224.1% 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 Intercede Group and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 8.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Intercede Group's current Return-on-Tangible-Equity is 28.47%, which is near median its own 10-year median of 28.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Intercede Group stock overvalued right now?
Intercede Group (IRCDF) has a current Return-on-Tangible-Equity of 28.47%. The stock's GF Value™ is $1.73, compared to a current price of $1.37 — trading 20.8% below its estimated fair value. The current Return-on-Tangible-Equity is 28.47%, which is near median its 10-year median of 28.15 and 224.1% above the Software industry median of 8.79. Intercede Group's overall GF Score™ is 82/100 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 Intercede Group (IRCDF), the current Return-on-Tangible-Equity is 28.47% 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 Intercede Group (IRCDF) Overvalued in 2026?
Based on GuruFocus' analysis, Intercede Group stock appears to be undervalued.
The current stock price of $1.37 is trading 20.8% below its estimated GF Value™ of $1.73.
Key valuation signals for IRCDF:
Return-on-Tangible-Equity: 28.47% (near median its 10-year median of 28.15)
GF Value™: $1.73 vs. price of $1.37 (20.8% below fair value)
Industry Position: 224.1% above the Software median (#733 of 2474)
No single metric tells the full story. See the IRCDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Intercede Group PLC is an independent developer and supplier of identity and credential management software. Its product portfolio includes MyID, an identity, and credential management system, RapID is the password killer for killer apps, and MyTAM enables Android app developers and service providers to deploy trusted applications to the trusted execution environment simply and cost-effectively. The company serves a diverse range of markets including governments, enterprises, app developers, and service providers. It has operational footprints across the United Kingdom, the Rest of Europe, the Americas, and the Rest of the world. The majority of its revenue is derived from the Americas.
82GF Score
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