PNE AGMIL:1PNE 51 Return-on-Tangible-Equity is -22.52% as of Mar. 2026. GuruFocus rates MIL:1PNE with a GF Score™ of 51/100 and a GF Value™ of €25.40 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 427 Utilities - Independent Power Producers companies, PNE AG ranks worse than 91.57% 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. PNE AG's annualized net income for the quarter that ended in Mar. 2026 was €-19.6 Mil. PNE AG's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €87.1 Mil. Therefore, PNE AG's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -22.52%.
The historical rank and industry rank for PNE AG's Return-on-Tangible-Equity or its related term are showing as below:
MIL:1PNE'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -38.86 Med: 0.3 Max: 50.47
Current: -36.85
During the past 13 years, PNE AG's highest Return-on-Tangible-Equity was 50.47%. The lowest was -38.86%. And the median was 0.30%.
MIL:1PNE's Return-on-Tangible-Equity is ranked worse than 91.57% of 427
companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.68
vs MIL:1PNE: -36.85
PNE AG (MIL:1PNE) 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.
PNE AG Return-on-Tangible-Equity Related Terms
PNE AG Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for PNE 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.
PNE AG Return-on-Tangible-Equity Competitor Comparison
For the Utilities - Renewable subindustry, PNE 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.
PNE AG Return-on-Tangible-Equity vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, PNE AG's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where PNE 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 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 -22.52% mean?
PNE AG (MIL:1PNE) has a Return-on-Tangible-Equity of -22.52% 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 PNE AG and its competitors. According to the industry distribution chart, PNE AG ranks #391 out of 427 companies in the Utilities - Independent Power Producers industry, placing it in the top 91.6%.
Is PNE AG's Return-on-Tangible-Equity too high?
PNE AG's current Return-on-Tangible-Equity is -22.52%. Based on the distribution chart, PNE AG ranks #391 out of 427 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, PNE AG has a GF Score™ of 51/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PNE AG's Return-on-Tangible-Equity compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, PNE AG ranks #391 out of 427 companies for Return-on-Tangible-Equity. This places PNE AG in the lower half of its industry. The industry median Return-on-Tangible-Equity is 4.68. 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 Utilities - Independent Power Producers company?
The median Return-on-Tangible-Equity among Utilities - Independent Power Producers companies is 4.68, based on 427 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. 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 PNE AG and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Equity is 4.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PNE AG's current Return-on-Tangible-Equity is -22.52%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PNE AG stock overvalued right now?
Based on GuruFocus' analysis, PNE AG (MIL:1PNE) is currently considered Possible Value Trap. The stock's GF Value™ is €25.40, compared to a current price of €10.78 — trading 57.6% below its estimated fair value. The current Return-on-Tangible-Equity is -22.52%. PNE AG's overall GF Score™ is 51/100 with 6 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 PNE AG (MIL:1PNE), the current Return-on-Tangible-Equity is -22.52% 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 PNE AG (MIL:1PNE) Overvalued in 2026?
Based on GuruFocus' analysis, PNE AG stock appears to be undervalued.
The current stock price of €10.78 is trading 57.6% below its estimated GF Value™ of €25.40.
GuruFocus considers PNE AG to be Possible Value Trap.
Key valuation signals for MIL:1PNE:
Return-on-Tangible-Equity: -22.52%
GF Value™: €25.40 vs. price of €10.78 (57.6% below fair value)
No single metric tells the full story. See the MIL:1PNE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PNE AG is a developer of projects in the renewable energy sector. The company's core business is the project development as well the construction and operation of onshore and offshore wind farms. It operates in three segments: project development (project planning of wind energy and photovoltaic projects), power generation, and services (management and servicing of wind farms and PV power plants as well as revenues from transformer station usage fees). In the power generation segment, revenues were achieved by the sale of electricity from ongoing operations of wind farms and of the Silbitz biomass power station. Key revenue is generated from power generation segment.
51GF Score
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