Argent IndustrialJSE:ART -0.86%73 Return-on-Tangible-Equity is 18.55% as of Sep. 2025, which is 44% above its 10-year median of 12.85. GuruFocus rates JSE:ART with a GF Score™ of 73/100 and a GF Value™ of R23.61 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 615 Steel companies, Argent Industrial ranks better than 91.71% 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. Argent Industrial's annualized net income for the quarter that ended in Sep. 2025 was R285 Mil. Argent Industrial's average shareholder tangible equity for the quarter that ended in Sep. 2025 was R1,534 Mil. Therefore, Argent Industrial's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2025 was 18.55%.
The historical rank and industry rank for Argent Industrial's Return-on-Tangible-Equity or its related term are showing as below:
JSE:ART'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -19.51 Med: 12.85 Max: 20.71
Current: 19.24
During the past 13 years, Argent Industrial's highest Return-on-Tangible-Equity was 20.71%. The lowest was -19.51%. And the median was 12.85%.
JSE:ART's Return-on-Tangible-Equity is ranked better than 91.71% of 615
companies
in the Steel industry
Industry Median: 3.93
vs JSE:ART: 19.24
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.
Argent Industrial Return-on-Tangible-Equity Related Terms
Argent Industrial Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Argent Industrial'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.
JSE:ART vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, Argent Industrial'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.
Argent Industrial Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Argent Industrial's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Argent Industrial'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 (Sep. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 18.55% mean?
Argent Industrial (JSE:ART) has a Return-on-Tangible-Equity of 18.55% as of Sep. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Argent Industrial and its competitors. This is 44% above median its historical median of 12.85. According to the industry distribution chart, Argent Industrial ranks #51 out of 615 companies in the Steel industry, placing it in the top 8.3%.
Is Argent Industrial's Return-on-Tangible-Equity too high?
Argent Industrial's current Return-on-Tangible-Equity of 18.55% is 44% above median its 10-year median of 12.85. The Steel industry median Return-on-Tangible-Equity is 3.93. Argent Industrial's value of 18.55% is 372% above this industry median. Based on the distribution chart, Argent Industrial ranks #51 out of 615 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Argent Industrial has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Argent Industrial's Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Argent Industrial ranks #51 out of 615 companies for Return-on-Tangible-Equity. This places Argent Industrial in the top 8% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 3.93. Argent Industrial's value of 18.55% is 372% above this benchmark. While the company's 10-year median is 12.85 vs. the industry median of 3.93, Argent Industrial 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 Steel company?
The median Return-on-Tangible-Equity among Steel companies is 3.93, based on 615 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. Argent Industrial's current Return-on-Tangible-Equity of 18.55% is 372% 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 Argent Industrial and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 3.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Argent Industrial's current Return-on-Tangible-Equity is 18.55%, which is 44% above median its own 10-year median of 12.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Argent Industrial stock overvalued right now?
Based on GuruFocus' analysis, Argent Industrial (JSE:ART) is currently considered Significantly Overvalued. The stock's GF Value™ is R23.61, compared to a current price of R37.08 — trading 57.1% above its estimated fair value. The current Return-on-Tangible-Equity is 18.55%, which is 44% above median its 10-year median of 12.85 and 372% above the Steel industry median of 3.93. Argent Industrial's overall GF Score™ is 73/100 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 Argent Industrial (JSE:ART), the current Return-on-Tangible-Equity is 18.55% as of Sep. 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 Argent Industrial (JSE:ART) Overvalued in 2026?
Based on GuruFocus' analysis, Argent Industrial stock appears to be overvalued.
The current stock price of R37.08 is trading 57.1% above its estimated GF Value™ of R23.61.
GuruFocus considers Argent Industrial to be Significantly Overvalued.
Key valuation signals for JSE:ART:
Return-on-Tangible-Equity: 18.55% (44% above median its 10-year median of 12.85)
GF Value™: R23.61 vs. price of R37.08 (57.1% above fair value)
Industry Position: 372% above the Steel median (#51 of 615)
No single metric tells the full story. See the JSE:ART stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Argent Industrial Ltd is a holding company that derives its income from the manufacturing and trading of steel and steel-related products, and properties. The company is organized into three operating divisions, namely Manufacturing, Steel trading, and Properties. The Manufacturing segment consists of manufacturing branded consumer goods. The steel trading segment makes up ferrous steel, aluminum, and stainless steel products. Steel products are also traded internally to the group's manufacturing businesses. The group charges rent for the properties. The company generates a majority of its revenue from manufacturing businesses. Geographically, it derives a majority of its revenue from South Africa and has a presence in the rest of the world.
73GF Score
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