Byhmgard ABNGM:BESS -2.72%27 Return-on-Tangible-Equity is -74.11% as of Mar. 2026. GuruFocus rates NGM:BESS with a GF Score™ of 27/100. The stock has 5 warning signs investors should review. Among 948 Oil & Gas companies, Byhmgard AB ranks worse than 100% 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. Byhmgard AB's annualized net income for the quarter that ended in Mar. 2026 was kr-14.45 Mil. Byhmgard AB's average shareholder tangible equity for the quarter that ended in Mar. 2026 was kr19.50 Mil. Therefore, Byhmgard AB's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -74.11%.
The historical rank and industry rank for Byhmgard AB's Return-on-Tangible-Equity or its related term are showing as below:
NGM:BESS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -9664.37 Med: -287.76 Max: -9.02
Current: -9664.37
During the past 11 years, Byhmgard AB's highest Return-on-Tangible-Equity was -9.02%. The lowest was -9,664.37%. And the median was -287.76%.
NGM:BESS's Return-on-Tangible-Equity is ranked worse than 100% of 948
companies
in the Oil & Gas industry
Industry Median: 6.715
vs NGM:BESS: -9664.37
Byhmgard AB (NGM:BESS) 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.
Byhmgard AB Return-on-Tangible-Equity Related Terms
Byhmgard AB Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Byhmgard 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.
NGM:BESS vs WMB, EPD, KMI: Return-on-Tangible-Equity Comparison
For the Oil & Gas Midstream subindustry, Byhmgard 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.
Byhmgard AB Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Byhmgard AB's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Byhmgard 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 -74.11% mean?
Byhmgard AB (NGM:BESS) has a Return-on-Tangible-Equity of -74.11% 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 Byhmgard AB and its competitors. According to the industry distribution chart, Byhmgard AB ranks #948 out of 948 companies in the Oil & Gas industry.
Is Byhmgard AB's Return-on-Tangible-Equity too high?
Byhmgard AB's current Return-on-Tangible-Equity is -74.11%. Based on the distribution chart, Byhmgard AB ranks #948 out of 948 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Byhmgard AB has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does Byhmgard AB's Return-on-Tangible-Equity compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, Byhmgard AB ranks #948 out of 948 companies for Return-on-Tangible-Equity. This places Byhmgard AB in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.72. 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 Oil & Gas company?
The median Return-on-Tangible-Equity among Oil & Gas companies is 6.72, based on 948 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 Byhmgard AB and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 6.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Byhmgard AB's current Return-on-Tangible-Equity is -74.11%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Byhmgard AB stock overvalued right now?
Byhmgard AB (NGM:BESS) has a current Return-on-Tangible-Equity of -74.11%. The current Return-on-Tangible-Equity is -74.11%. Byhmgard AB's overall GF Score™ is 27/100 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 Byhmgard AB (NGM:BESS), the current Return-on-Tangible-Equity is -74.11% 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.
Byhmgard AB develops, builds and invests in large-scale energy storage (BESS) projects in Europe. The business includes project development, EPC, software optimization and long-term operation. It aims to deliver critical energy solutions that enable Europe's green transition and strengthen the future energy infrastructure. The business model combines one-off revenues from EPC with recurring cash flows from energy management, operations, and support. Its operations span high-growth European markets including Sweden, Finland, Italy, Poland, and the Baltic states.
27GF Score
Get the complete analysis for NGM:BESS
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
NGM:BESS has been successfully added to your 
