AAK ABMIL:1AAK 94 Return-on-Tangible-Equity is 21.18% as of Mar. 2026, which is 4% above its 10-year median of 20.39. GuruFocus rates MIL:1AAK with a GF Score™ of 94/100 and a GF Value™ of €24.88. The stock has 1 warning sign investors should review. Among 1,872 Consumer Packaged Goods companies, AAK AB ranks better than 79.97% 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. AAK AB's annualized net income for the quarter that ended in Mar. 2026 was €357 Mil. AAK AB's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €1,686 Mil. Therefore, AAK AB's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 21.18%.
The historical rank and industry rank for AAK AB's Return-on-Tangible-Equity or its related term are showing as below:
MIL:1AAK'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 16.53 Med: 20.39 Max: 22.42
Current: 20.1
During the past 13 years, AAK AB's highest Return-on-Tangible-Equity was 22.42%. The lowest was 16.53%. And the median was 20.39%.
MIL:1AAK's Return-on-Tangible-Equity is ranked better than 79.97% of 1872
companies
in the Consumer Packaged Goods industry
Industry Median: 7.73
vs MIL:1AAK: 20.10
AAK AB (MIL:1AAK) 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.
AAK AB Return-on-Tangible-Equity Related Terms
AAK AB Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for AAK AB'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.
MIL:1AAK vs KHC, GIS: Return-on-Tangible-Equity Comparison
For the Packaged Foods subindustry, AAK AB'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.
AAK AB Return-on-Tangible-Equity vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, AAK AB's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where AAK AB'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 21.18% mean?
AAK AB (MIL:1AAK) has a Return-on-Tangible-Equity of 21.18% 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 AAK AB and its competitors. This is near median its historical median of 20.39. Over the past decade, AAK AB's Return-on-Tangible-Equity has ranged from 16.53 to 22.42. According to the industry distribution chart, AAK AB ranks #375 out of 1872 companies in the Consumer Packaged Goods industry, placing it in the top 20%.
Is AAK AB's Return-on-Tangible-Equity too high?
AAK AB's current Return-on-Tangible-Equity of 21.18% is near median its 10-year median of 20.39. Over the past 10 years, this metric has ranged from a low of 16.53 to a high of 22.42. The Consumer Packaged Goods industry median Return-on-Tangible-Equity is 7.73. AAK AB's value of 21.18% is 174% above this industry median. Based on the distribution chart, AAK AB ranks #375 out of 1872 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, AAK AB has a GF Score™ of 94/100, reflecting its overall financial health beyond just this single metric.
How does AAK AB's Return-on-Tangible-Equity compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, AAK AB ranks #375 out of 1872 companies for Return-on-Tangible-Equity. This places AAK AB in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.73. AAK AB's value of 21.18% is 174% above this benchmark. Historically, AAK AB's own Return-on-Tangible-Equity has ranged from 16.53 to 22.42 over the past decade. While the company's 10-year median is 20.39 vs. the industry median of 7.73, AAK AB 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. AAK AB's current Return-on-Tangible-Equity of 21.18% is 174% 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 AAK AB 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. AAK AB's current Return-on-Tangible-Equity is 21.18%, which is near median its own 10-year median of 20.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AAK AB stock overvalued right now?
AAK AB (MIL:1AAK) has a current Return-on-Tangible-Equity of 21.18%. The stock's GF Value™ is €24.88, compared to a current price of €23.56 — trading 5.3% below its estimated fair value. The current Return-on-Tangible-Equity is 21.18%, which is near median its 10-year median of 20.39 and 174% above the Consumer Packaged Goods industry median of 7.73. AAK AB's overall GF Score™ is 94/100 with 1 warning sign 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 AAK AB (MIL:1AAK), the current Return-on-Tangible-Equity is 21.18% 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 AAK AB (MIL:1AAK) Overvalued in 2026?
Based on GuruFocus' analysis, AAK AB stock appears to be undervalued.
The current stock price of €23.56 is trading 5.3% below its estimated GF Value™ of €24.88.
Key valuation signals for MIL:1AAK:
Return-on-Tangible-Equity: 21.18% (near median its 10-year median of 20.39)
GF Value™: €24.88 vs. price of €23.56 (5.3% below fair value)
Industry Position: 174% above the Consumer Packaged Goods median (#375 of 1872)
No single metric tells the full story. See the MIL:1AAK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AAK AB is a Swedish refined vegetable oils producer with sales operations around the world. The company has three business segments: Food Ingredients, Chocolate & Confectionery Fats, and Technical Products & Feed. The Food Ingredients segment provides solutions to the bakery, dairy, nutrition, plant-based, & food service industries. The Chocolate & Confectionery Fats segment mainly serves manufacturers of chocolate, spreads, & fillings products as well as customers in the personal care industry. The Technical Products & Feed segment provides a growing range of specialized solutions, responding to an increased demand for natural ingredients & sustainability. A majority of its revenue is generated from the Food Ingredients segment.
94GF Score
Get the complete analysis for MIL:1AAK
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
MIL:1AAK has been successfully added to your 
