HAV Group ASAOSL:HAV +1.45%64 Return-on-Tangible-Equity is 108.69% as of Mar. 2026, which is 1065% above its 10-year median of 9.33. GuruFocus rates OSL:HAV with a GF Score™ of 64/100 and a GF Value™ of kr12.48 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 977 Transportation companies, HAV Group ASA ranks better than 92.94% 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. HAV Group ASA's annualized net income for the quarter that ended in Mar. 2026 was kr17.7 Mil. HAV Group ASA's average shareholder tangible equity for the quarter that ended in Mar. 2026 was kr16.3 Mil. Therefore, HAV Group ASA's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 108.69%.
The historical rank and industry rank for HAV Group ASA's Return-on-Tangible-Equity or its related term are showing as below:
OSL:HAV'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -19917.15 Med: 9.33 Max: 920.61
Current: 137.29
During the past 9 years, HAV Group ASA's highest Return-on-Tangible-Equity was 920.61%. The lowest was -19,917.15%. And the median was 9.33%.
OSL:HAV's Return-on-Tangible-Equity is ranked better than 92.94% of 977
companies
in the Transportation industry
Industry Median: 9.02
vs OSL:HAV: 137.29
HAV Group ASA (OSL:HAV) 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.
HAV Group ASA Return-on-Tangible-Equity Related Terms
HAV Group ASA Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for HAV Group 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.
HAV Group ASA Return-on-Tangible-Equity Competitor Comparison
For the Marine Shipping subindustry, HAV Group 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.
HAV Group ASA Return-on-Tangible-Equity vs Transportation Industry
For the Transportation industry and Industrials sector, HAV Group ASA's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where HAV Group 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 108.69% mean?
HAV Group ASA (OSL:HAV) has a Return-on-Tangible-Equity of 108.69% 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 HAV Group ASA and its competitors. This is 1065% above median its historical median of 9.33. According to the industry distribution chart, HAV Group ASA ranks #69 out of 977 companies in the Transportation industry, placing it in the top 7.1%.
Is HAV Group ASA's Return-on-Tangible-Equity too high?
HAV Group ASA's current Return-on-Tangible-Equity of 108.69% is 1065% above median its 10-year median of 9.33. The Transportation industry median Return-on-Tangible-Equity is 9.02. HAV Group ASA's value of 108.69% is 1105% above this industry median. Based on the distribution chart, HAV Group ASA ranks #69 out of 977 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, HAV Group ASA has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does HAV Group ASA's Return-on-Tangible-Equity compare to competitors?
According to the Transportation industry distribution chart, HAV Group ASA ranks #69 out of 977 companies for Return-on-Tangible-Equity. This places HAV Group ASA in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 9.02. HAV Group ASA's value of 108.69% is 1105% above this benchmark. While the company's 10-year median is 9.33 vs. the industry median of 9.02, HAV Group 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 Transportation company?
The median Return-on-Tangible-Equity among Transportation companies is 9.02, based on 977 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. HAV Group ASA's current Return-on-Tangible-Equity of 108.69% is 1105% 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 HAV Group ASA and its competitors. For the Transportation industry, the median Return-on-Tangible-Equity is 9.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HAV Group ASA's current Return-on-Tangible-Equity is 108.69%, which is 1065% above median its own 10-year median of 9.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HAV Group ASA stock overvalued right now?
Based on GuruFocus' analysis, HAV Group ASA (OSL:HAV) is currently considered Modestly Overvalued. The stock's GF Value™ is kr12.48, compared to a current price of kr14.00 — trading 12.2% above its estimated fair value. The current Return-on-Tangible-Equity is 108.69%, which is 1065% above median its 10-year median of 9.33 and 1105% above the Transportation industry median of 9.02. HAV Group ASA's overall GF Score™ is 64/100 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 HAV Group ASA (OSL:HAV), the current Return-on-Tangible-Equity is 108.69% 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 HAV Group ASA (OSL:HAV) Overvalued in 2026?
Based on GuruFocus' analysis, HAV Group ASA stock appears to be overvalued.
The current stock price of kr14.00 is trading 12.2% above its estimated GF Value™ of kr12.48.
GuruFocus considers HAV Group ASA to be Modestly Overvalued.
Key valuation signals for OSL:HAV:
Return-on-Tangible-Equity: 108.69% (1065% above median its 10-year median of 9.33)
GF Value™: kr12.48 vs. price of kr14.00 (12.2% above fair value)
Industry Position: 1105% above the Transportation median (#69 of 977)
No single metric tells the full story. See the OSL:HAV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HAV Group ASA is a provider of solutions and technology to the marine and maritime industries. The group's vision is to contribute to the green shift through solutions and high-end products for the ocean industries. The Group's main activities are: HAV Design, i.e., providing ship design and system packages for offshore, transport, and fishing vessels; Norwegian Electric Systems, i.e., specializing in design, engineering, and installation of electric systems and delivery of control and automation systems for ships; Norwegian Greentech, i.e., specializing in the delivery of ballast water treatment systems. HAV Hydrogen, i.e., delivers complete and scalable hydrogen systems that are designed for operation in heavy seas. Other/Elimination includes intercompany and the mother company.
64GF Score
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