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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. Scandinavian Astor Group AB's annualized net income for the quarter that ended in Mar. 2026 was kr57.3 Mil. Scandinavian Astor Group AB's average shareholder tangible equity for the quarter that ended in Mar. 2026 was kr518.2 Mil. Therefore, Scandinavian Astor Group AB's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 11.05%.
The historical rank and industry rank for Scandinavian Astor Group AB's Return-on-Tangible-Equity or its related term are showing as below:
NGM:ASTOR'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -66.7 Med: -9.02 Max: 13.3
Current: 12.5
During the past 4 years, Scandinavian Astor Group AB's highest Return-on-Tangible-Equity was 13.30%. The lowest was -66.70%. And the median was -9.02%.
NGM:ASTOR's Return-on-Tangible-Equity is ranked better than 59.1% of 335
companies
in the Aerospace & Defense industry
Industry Median: 8.1
vs NGM:ASTOR: 12.50
Scandinavian Astor Group AB (NGM:ASTOR) 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.
Scandinavian Astor Group AB Return-on-Tangible-Equity Related Terms
Scandinavian Astor Group AB Return-on-Tangible-Equity Historical Data
* 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.
Scandinavian Astor Group AB Return-on-Tangible-Equity Chart
NGM:ASTOR vs SPCX, GE, RTX: Return-on-Tangible-Equity Comparison
For the Aerospace & Defense subindustry, Scandinavian Astor Group 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.
Scandinavian Astor Group AB Return-on-Tangible-Equity vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Scandinavian Astor Group AB's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Scandinavian Astor Group 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 11.05% mean?
Scandinavian Astor Group AB (NGM:ASTOR) has a Return-on-Tangible-Equity of 11.05% 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 Scandinavian Astor Group AB and its competitors. According to the industry distribution chart, Scandinavian Astor Group AB ranks #137 out of 335 companies in the Aerospace & Defense industry, placing it in the top 40.9%.
Is Scandinavian Astor Group AB's Return-on-Tangible-Equity too high?
Scandinavian Astor Group AB's current Return-on-Tangible-Equity is 11.05%. The Aerospace & Defense industry median Return-on-Tangible-Equity is 8.10. Scandinavian Astor Group AB's value of 11.05% is 36.4% above this industry median. Based on the distribution chart, Scandinavian Astor Group AB ranks #137 out of 335 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Scandinavian Astor Group AB has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Scandinavian Astor Group AB's Return-on-Tangible-Equity compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Scandinavian Astor Group AB ranks #137 out of 335 companies for Return-on-Tangible-Equity. This puts Scandinavian Astor Group AB in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.10. Scandinavian Astor Group AB's value of 11.05% is 36.4% above this benchmark. 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 Aerospace & Defense company?
The median Return-on-Tangible-Equity among Aerospace & Defense companies is 8.10, based on 335 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. Scandinavian Astor Group AB's current Return-on-Tangible-Equity of 11.05% is 36.4% 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 Scandinavian Astor Group AB and its competitors. For the Aerospace & Defense industry, the median Return-on-Tangible-Equity is 8.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Scandinavian Astor Group AB's current Return-on-Tangible-Equity is 11.05%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Scandinavian Astor Group AB stock overvalued right now?
Based on GuruFocus' analysis, Scandinavian Astor Group AB (NGM:ASTOR) is currently considered Possible Value Trap. The stock's GF Value™ is kr37.96, compared to a current price of kr18.60 — trading 51% below its estimated fair value. The current Return-on-Tangible-Equity is 11.05% and 36.4% above the Aerospace & Defense industry median of 8.10. Scandinavian Astor Group AB's overall GF Score™ is 55/100 with 5 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 Scandinavian Astor Group AB (NGM:ASTOR), the current Return-on-Tangible-Equity is 11.05% 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 Scandinavian Astor Group AB (NGM:ASTOR) Overvalued in 2026?
Based on GuruFocus' analysis, Scandinavian Astor Group AB stock appears to be undervalued.
The current stock price of kr18.60 is trading 51% below its estimated GF Value™ of kr37.96.
GuruFocus considers Scandinavian Astor Group AB to be Possible Value Trap.
Key valuation signals for NGM:ASTOR:
Return-on-Tangible-Equity: 11.05%
GF Value™: kr37.96 vs. price of kr18.60 (51% below fair value)
Industry Position: 36.4% above the Aerospace & Defense median (#137 of 335)
No single metric tells the full story. See the NGM:ASTOR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Scandinavian Astor Group AB is a prominent player in the defence industry, specialising in delivering high-quality products, services and technical solutions, in the defence sector and civil security, and other industrial segments. The Group is divided into three business areas: Astor Industry, Astor Tech and Astor Protect. The company generates revenues by selling customized products and services to the defense and security sectors, as well as civilian markets. Geographically, it operates in Sweden, Other EMEA, Americas, and Asia Pacific.
55GF Score
Get the complete analysis for NGM:ASTOR
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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