Incap OyjLTS:0ERY +0.34%91 Return-on-Tangible-Equity is 15.01% as of Mar. 2026, which is 60% below its 10-year median of 37.40. GuruFocus rates LTS:0ERY with a GF Score™ of 91/100 and a GF Value™ of €10.84 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,377 Hardware companies, Incap Oyj ranks better than 73.5% 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. Incap Oyj's annualized net income for the quarter that ended in Mar. 2026 was €15.5 Mil. Incap Oyj's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €102.9 Mil. Therefore, Incap Oyj's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 15.01%.
The historical rank and industry rank for Incap Oyj's Return-on-Tangible-Equity or its related term are showing as below:
LTS:0ERY'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 11.58 Med: 37.4 Max: 54.22
Current: 12.58
During the past 13 years, Incap Oyj's highest Return-on-Tangible-Equity was 54.22%. The lowest was 11.58%. And the median was 37.40%.
LTS:0ERY's Return-on-Tangible-Equity is ranked better than 73.5% of 2377
companies
in the Hardware industry
Industry Median: 5.27
vs LTS:0ERY: 12.58
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.
Incap Oyj Return-on-Tangible-Equity Related Terms
Incap Oyj Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Incap Oyj'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.
LTS:0ERY vs APH, GLW, TEL: Return-on-Tangible-Equity Comparison
For the Electronic Components subindustry, Incap Oyj'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.
Incap Oyj Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Incap Oyj's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Incap Oyj'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 four times the quarterly (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 15.01% mean?
Incap Oyj (LTS:0ERY) has a Return-on-Tangible-Equity of 15.01% 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 Incap Oyj and its competitors. This is 60% below median its historical median of 37.40. Over the past decade, Incap Oyj's Return-on-Tangible-Equity has ranged from 11.58 to 54.22. According to the industry distribution chart, Incap Oyj ranks #630 out of 2377 companies in the Hardware industry, placing it in the top 26.5%.
Is Incap Oyj's Return-on-Tangible-Equity too high?
Incap Oyj's current Return-on-Tangible-Equity of 15.01% is 60% below median its 10-year median of 37.40. Over the past 10 years, this metric has ranged from a low of 11.58 to a high of 54.22. The Hardware industry median Return-on-Tangible-Equity is 5.27. Incap Oyj's value of 15.01% is 184.8% above this industry median. Based on the distribution chart, Incap Oyj ranks #630 out of 2377 companies in the Hardware industry, which is above the industry midpoint. Overall, Incap Oyj has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Incap Oyj's Return-on-Tangible-Equity compare to APH and GLW?
According to the Hardware industry distribution chart, Incap Oyj ranks #630 out of 2377 companies for Return-on-Tangible-Equity. This puts Incap Oyj in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.27. Incap Oyj's value of 15.01% is 184.8% above this benchmark. Historically, Incap Oyj's own Return-on-Tangible-Equity has ranged from 11.58 to 54.22 over the past decade. While the company's 10-year median is 37.40 vs. the industry median of 5.27, Incap Oyj 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 Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.27, based on 2,377 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. Incap Oyj's current Return-on-Tangible-Equity of 15.01% is 184.8% 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 Incap Oyj and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Incap Oyj's current Return-on-Tangible-Equity is 15.01%, which is 60% below median its own 10-year median of 37.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Incap Oyj stock overvalued right now?
Based on GuruFocus' analysis, Incap Oyj (LTS:0ERY) is currently considered Modestly Undervalued. The stock's GF Value™ is €10.84, compared to a current price of €8.81 — trading 18.7% below its estimated fair value. The current Return-on-Tangible-Equity is 15.01%, which is 60% below median its 10-year median of 37.40 and 184.8% above the Hardware industry median of 5.27. Incap Oyj's overall GF Score™ is 91/100 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 Incap Oyj (LTS:0ERY), the current Return-on-Tangible-Equity is 15.01% 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 Incap Oyj (LTS:0ERY) Overvalued in 2026?
Based on GuruFocus' analysis, Incap Oyj stock appears to be undervalued.
The current stock price of €8.81 is trading 18.7% below its estimated GF Value™ of €10.84.
GuruFocus considers Incap Oyj to be Modestly Undervalued.
Key valuation signals for LTS:0ERY:
Return-on-Tangible-Equity: 15.01% (60% below median its 10-year median of 37.40)
GF Value™: €10.84 vs. price of €8.81 (18.7% below fair value)
Industry Position: 184.8% above the Hardware median (#630 of 2377)
No single metric tells the full story. See the LTS:0ERY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Incap Oyj operates as a full-service provider in Electronics Manufacturing Services (EMS), supporting customers ranging from large multinational corporations, mid-sized companies, and small start-ups across the complete manufacturing value chain. Its services include material procurement, prototyping and engineering, production ramp-up, serial production, design, project management, final assembly, testing, and logistics, along with key offerings such as prototyping and engineering, PCB assembly manufacturing, box-build assembly, and customised solutions. The Company operates across Europe, North America, Asia, Africa, and Australia, with Europe generating the majority of its revenue.
91GF Score
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