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Pallas AirOHEL:PALLAS 47 Return-on-Tangible-Equity is -540.20% as of Dec. 2025. GuruFocus rates OHEL:PALLAS with a GF Score™ of 47/100 and a GF Value™ of €1.09 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 2,383 Hardware companies, Pallas Air ranks worse than 98.95% 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. Pallas Air's annualized net income for the quarter that ended in Dec. 2025 was €-14.79 Mil. Pallas Air's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €2.74 Mil. Therefore, Pallas Air's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was -540.20%.
The historical rank and industry rank for Pallas Air's Return-on-Tangible-Equity or its related term are showing as below:
OHEL:PALLAS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -285.32 Med: -84.91 Max: 104
Current: -270.48
During the past 6 years, Pallas Air's highest Return-on-Tangible-Equity was 104.00%. The lowest was -285.32%. And the median was -84.91%.
OHEL:PALLAS's Return-on-Tangible-Equity is ranked worse than 98.95% of 2383
companies
in the Hardware industry
Industry Median: 5.34
vs OHEL:PALLAS: -270.48
Pallas Air (OHEL:PALLAS) 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.
Pallas Air Return-on-Tangible-Equity Related Terms
Pallas Air Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Pallas Air'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.
OHEL:PALLAS vs AAPL: Return-on-Tangible-Equity Comparison
For the Consumer Electronics subindustry, Pallas Air'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.
Pallas Air Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Pallas Air's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Pallas Air'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 two times the semi-annual (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -540.20% mean?
Pallas Air (OHEL:PALLAS) has a Return-on-Tangible-Equity of -540.20% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Pallas Air and its competitors. According to the industry distribution chart, Pallas Air ranks #2358 out of 2383 companies in the Hardware industry, placing it in the top 99%.
Is Pallas Air's Return-on-Tangible-Equity too high?
Pallas Air's current Return-on-Tangible-Equity is -540.20%. Based on the distribution chart, Pallas Air ranks #2358 out of 2383 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Pallas Air has a GF Score™ of 47/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Pallas Air's Return-on-Tangible-Equity compare to AAPL?
According to the Hardware industry distribution chart, Pallas Air ranks #2358 out of 2383 companies for Return-on-Tangible-Equity. This places Pallas Air in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.34. 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 Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.34, based on 2,383 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 Pallas Air and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pallas Air's current Return-on-Tangible-Equity is -540.20%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pallas Air stock overvalued right now?
Based on GuruFocus' analysis, Pallas Air (OHEL:PALLAS) is currently considered Possible Value Trap. The stock's GF Value™ is €1.09, compared to a current price of €0.54 — trading 50.5% below its estimated fair value. The current Return-on-Tangible-Equity is -540.20%. Pallas Air's overall GF Score™ is 47/100 with 9 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 Pallas Air (OHEL:PALLAS), the current Return-on-Tangible-Equity is -540.20% as of Dec. 2025. 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 Pallas Air (OHEL:PALLAS) Overvalued in 2026?
Based on GuruFocus' analysis, Pallas Air stock appears to be undervalued.
The current stock price of €0.54 is trading 50.5% below its estimated GF Value™ of €1.09.
GuruFocus considers Pallas Air to be Possible Value Trap.
Key valuation signals for OHEL:PALLAS:
Return-on-Tangible-Equity: -540.20%
GF Value™: €1.09 vs. price of €0.54 (50.5% below fair value)
No single metric tells the full story. See the OHEL:PALLAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pallas Air PLC is a Finnish technology company offering clean breathing air solutions. It is engaged in the development and manufacturing of various types of products that enable cleaner and healthier breathing air. The company's business is divided into three primary areas: air purifiers, respirators and surgical mouthguards, and ventilation hygiene products.
47GF Score
Get the complete analysis for OHEL:PALLAS
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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