Appear ASAOSL:APR +1.66%19 Return-on-Tangible-Equity is 19.33% as of Mar. 2026, which is 19% below its 10-year median of 23.95. GuruFocus rates OSL:APR with a GF Score™ of 19/100. The stock has 3 warning signs investors should review. Among 2,380 Hardware companies, Appear ASA ranks better than 88.66% 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. Appear ASA's annualized net income for the quarter that ended in Mar. 2026 was kr102.3 Mil. Appear ASA's average shareholder tangible equity for the quarter that ended in Mar. 2026 was kr529.2 Mil. Therefore, Appear ASA's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 19.33%.
The historical rank and industry rank for Appear ASA's Return-on-Tangible-Equity or its related term are showing as below:
OSL:APR'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -7.82 Med: 23.95 Max: 32.68
Current: 22.77
During the past 5 years, Appear ASA's highest Return-on-Tangible-Equity was 32.68%. The lowest was -7.82%. And the median was 23.95%.
OSL:APR's Return-on-Tangible-Equity is ranked better than 88.66% of 2380
companies
in the Hardware industry
Industry Median: 5.25
vs OSL:APR: 22.77
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.
Appear ASA Return-on-Tangible-Equity Related Terms
Appear ASA Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Appear ASA'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.
OSL:APR vs SNDK, DELL, STX: Return-on-Tangible-Equity Comparison
For the Computer Hardware subindustry, Appear ASA'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.
Appear ASA Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Appear ASA's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Appear ASA'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 19.33% mean?
Appear ASA (OSL:APR) has a Return-on-Tangible-Equity of 19.33% 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 Appear ASA and its competitors. This is 19% below median its historical median of 23.95. According to the industry distribution chart, Appear ASA ranks #270 out of 2380 companies in the Hardware industry, placing it in the top 11.3%.
Is Appear ASA's Return-on-Tangible-Equity too high?
Appear ASA's current Return-on-Tangible-Equity of 19.33% is 19% below median its 10-year median of 23.95. The Hardware industry median Return-on-Tangible-Equity is 5.25. Appear ASA's value of 19.33% is 268.2% above this industry median. Based on the distribution chart, Appear ASA ranks #270 out of 2380 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Appear ASA has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Appear ASA's Return-on-Tangible-Equity compare to SNDK and DELL?
According to the Hardware industry distribution chart, Appear ASA ranks #270 out of 2380 companies for Return-on-Tangible-Equity. This places Appear ASA in the top 11% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.25. Appear ASA's value of 19.33% is 268.2% above this benchmark. While the company's 10-year median is 23.95 vs. the industry median of 5.25, Appear ASA has consistently been above the industry average. 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 5.25, based on 2,380 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. Appear ASA's current Return-on-Tangible-Equity of 19.33% is 268.2% 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 Appear ASA and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Appear ASA's current Return-on-Tangible-Equity is 19.33%, which is 19% below median its own 10-year median of 23.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Appear ASA stock overvalued right now?
Appear ASA (OSL:APR) has a current Return-on-Tangible-Equity of 19.33%. The current Return-on-Tangible-Equity is 19.33%, which is 19% below median its 10-year median of 23.95 and 268.2% above the Hardware industry median of 5.25. Appear ASA's overall GF Score™ is 19/100 with 3 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 Appear ASA (OSL:APR), the current Return-on-Tangible-Equity is 19.33% 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.
Appear ASA, along with its subsidiaries, provides high-capacity, sustainable solutions for live-production and broadcast distribution technology to media, entertainment and sports clients. The company provides live video transport solutions that operate over satellite, dedicated fiber, and public internet infrastructure. Its offerings support a range of live event scenarios across media, entertainment, and sports industries, adapting to the varying requirements of these sectors. The company derives revenue from: Sales of media processing and delivery platforms, sales of software and licenses, and Sales of support and consulting services, majority being generated from the sales of media processing and delivery platforms. The Company has three geographic areas for Sales EMEA, APAC, and AM.
19GF Score
Get the complete analysis for OSL:APR
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
OSL:APR has been successfully added to your 
