Havila Shipping ASAOSL:HAVI 48 Return-on-Tangible-Equity is -60.65% as of Mar. 2026. GuruFocus rates OSL:HAVI with a GF Score™ of 48/100 and a GF Value™ of kr2.65 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 977 Transportation companies, Havila Shipping ASA ranks worse than 92.43% 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. Havila Shipping ASA's annualized net income for the quarter that ended in Mar. 2026 was kr-189.8 Mil. Havila Shipping ASA's average shareholder tangible equity for the quarter that ended in Mar. 2026 was kr312.9 Mil. Therefore, Havila Shipping ASA's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -60.65%.
The historical rank and industry rank for Havila Shipping ASA's Return-on-Tangible-Equity or its related term are showing as below:
OSL:HAVI'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -16.64 Med: 4.51 Max: 5.99
Current: -16.64
During the past 13 years, Havila Shipping ASA's highest Return-on-Tangible-Equity was 5.99%. The lowest was -16.64%. And the median was 4.51%.
OSL:HAVI's Return-on-Tangible-Equity is ranked worse than 92.43% of 977
companies
in the Transportation industry
Industry Median: 9.02
vs OSL:HAVI: -16.64
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.
Havila Shipping ASA Return-on-Tangible-Equity Related Terms
Havila Shipping ASA Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Havila Shipping 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.
For the Marine Shipping subindustry, Havila Shipping 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.
Havila Shipping ASA Return-on-Tangible-Equity vs Transportation Industry
For the Transportation industry and Industrials sector, Havila Shipping ASA's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Havila Shipping 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 -60.65% mean?
Havila Shipping ASA (OSL:HAVI) has a Return-on-Tangible-Equity of -60.65% 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 Havila Shipping ASA and its competitors. According to the industry distribution chart, Havila Shipping ASA ranks #903 out of 977 companies in the Transportation industry, placing it in the top 92.4%.
Is Havila Shipping ASA's Return-on-Tangible-Equity too high?
Havila Shipping ASA's current Return-on-Tangible-Equity is -60.65%. Based on the distribution chart, Havila Shipping ASA ranks #903 out of 977 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Havila Shipping ASA has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Havila Shipping ASA's Return-on-Tangible-Equity compare to competitors?
According to the Transportation industry distribution chart, Havila Shipping ASA ranks #903 out of 977 companies for Return-on-Tangible-Equity. This places Havila Shipping ASA in the lower half of its industry. The industry median Return-on-Tangible-Equity is 9.02. 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. 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 Havila Shipping 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. Havila Shipping ASA's current Return-on-Tangible-Equity is -60.65%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Havila Shipping ASA stock overvalued right now?
Based on GuruFocus' analysis, Havila Shipping ASA (OSL:HAVI) is currently considered Possible Value Trap. The stock's GF Value™ is kr2.65, compared to a current price of kr1.12 — trading 57.9% below its estimated fair value. The current Return-on-Tangible-Equity is -60.65%. Havila Shipping ASA's overall GF Score™ is 48/100 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 Havila Shipping ASA (OSL:HAVI), the current Return-on-Tangible-Equity is -60.65% 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 Havila Shipping ASA (OSL:HAVI) Overvalued in 2026?
Based on GuruFocus' analysis, Havila Shipping ASA stock appears to be undervalued.
The current stock price of kr1.12 is trading 57.9% below its estimated GF Value™ of kr2.65.
GuruFocus considers Havila Shipping ASA to be Possible Value Trap.
Key valuation signals for OSL:HAVI:
Return-on-Tangible-Equity: -60.65%
GF Value™: kr2.65 vs. price of kr1.12 (57.9% below fair value)
No single metric tells the full story. See the OSL:HAVI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Havila Shipping ASA is a supplier of quality assured supply services to the offshore industry, nationally as well as internationally. Its segment includes Platform Supply Vessel, Rescue recovery Vessel, Subsea operations vessels, and Non-allocated. The group generates revenue mainly from customers located in Norway, the UK, Denmark, Belgium, Iceland, and the Netherlands. The group generates the majority of its revenue from the Platform Supply Vessel segment.
48GF Score
Get the complete analysis for OSL:HAVI
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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