DSV ASOCSE:DSV -0.03%93 Return-on-Tangible-Equity is Negative Tangible Equity% as of Mar. 2026. GuruFocus rates OCSE:DSV with a GF Score™ of 93/100 and a GF Value™ of kr1,943.05 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 978 Transportation companies, DSV AS ranks better than 99.9% 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. DSV AS's annualized net income for the quarter that ended in Mar. 2026 was kr6,496 Mil. DSV AS's average shareholder tangible equity for the quarter that ended in Mar. 2026 was kr-32,077 Mil. Therefore, DSV AS's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was Negative Tangible Equity%.
The historical rank and industry rank for DSV AS's Return-on-Tangible-Equity or its related term are showing as below:
OCSE:DSV'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 72.46 Med: 329 Max: 585.53
Current: Negative Tangible Equity
During the past 13 years, DSV AS's highest Return-on-Tangible-Equity was 585.53%. The lowest was 72.46%. And the median was 329.00%.
OCSE:DSV's Return-on-Tangible-Equity is ranked better than 99.9% of 978
companies
in the Transportation industry
Industry Median: 8.985
vs OCSE:DSV: Negative Tangible Equity
DSV AS (OCSE:DSV) 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.
DSV AS Return-on-Tangible-Equity Related Terms
DSV AS Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for DSV AS'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.
OCSE:DSV vs UPS, FDX, JBHT: Return-on-Tangible-Equity Comparison
For the Integrated Freight & Logistics subindustry, DSV AS'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.
DSV AS Return-on-Tangible-Equity vs Transportation Industry
For the Transportation industry and Industrials sector, DSV AS's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where DSV AS'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 Negative Tangible Equity% mean?
DSV AS (OCSE:DSV) has a Return-on-Tangible-Equity of Negative Tangible Equity% 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 DSV AS and its competitors. Over the past decade, DSV AS's Return-on-Tangible-Equity has ranged from 72.46 to 585.53. According to the industry distribution chart, DSV AS ranks #1 out of 978 companies in the Transportation industry, placing it in the top 0.099999999999994%.
Is DSV AS's Return-on-Tangible-Equity too high?
DSV AS's current Return-on-Tangible-Equity is Negative Tangible Equity%. Over the past 10 years, this metric has ranged from a low of 72.46 to a high of 585.53. Based on the distribution chart, DSV AS ranks #1 out of 978 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, DSV AS has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does DSV AS's Return-on-Tangible-Equity compare to UPS and FDX?
According to the Transportation industry distribution chart, DSV AS ranks #1 out of 978 companies for Return-on-Tangible-Equity. This places DSV AS in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.99. Historically, DSV AS's own Return-on-Tangible-Equity has ranged from 72.46 to 585.53 over the past decade. 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 Transportation company?
The median Return-on-Tangible-Equity among Transportation companies is 8.99, based on 978 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 DSV AS and its competitors. For the Transportation industry, the median Return-on-Tangible-Equity is 8.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DSV AS's current Return-on-Tangible-Equity is Negative Tangible Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DSV AS stock overvalued right now?
Based on GuruFocus' analysis, DSV AS (OCSE:DSV) is currently considered Modestly Undervalued. The stock's GF Value™ is kr1,943.05, compared to a current price of kr1,659.50 — trading 14.6% below its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. DSV AS's overall GF Score™ is 93/100 with 4 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 DSV AS (OCSE:DSV), the current Return-on-Tangible-Equity is Negative Tangible Equity% 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 DSV AS (OCSE:DSV) Overvalued in 2026?
Based on GuruFocus' analysis, DSV AS stock appears to be undervalued.
The current stock price of kr1,659.50 is trading 14.6% below its estimated GF Value™ of kr1,943.05.
GuruFocus considers DSV AS to be Modestly Undervalued.
No single metric tells the full story. See the OCSE:DSV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DSV is a Danish-listed transport and logistics company, offering transport services worldwide by road, air, and sea, with the bulk of its activities coming from airfreight and sea freight forwarding businesses. Since its founding in 1976, the company has experienced rapid growth, primarily through strategic acquisitions. Its most recent acquisition, DB Schenker, occurred in the second quarter of 2025, making DSV the largest sea freight forwarder.
93GF Score
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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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