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Haugesund Sparebank ASAOSL:HGSB -1.27%2 Return-on-Tangible-Equity is 6.50% as of Mar. 2026, which is 17% below its 10-year median of 7.86. GuruFocus rates OSL:HGSB with a GF Score™ of 2/100. The stock has 4 warning signs investors should review. Among 1,526 Banks companies, Haugesund Sparebank ASA ranks worse than 71.95% 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. Haugesund Sparebank ASA's annualized net income for the quarter that ended in Mar. 2026 was kr177.4 Mil. Haugesund Sparebank ASA's average shareholder tangible equity for the quarter that ended in Mar. 2026 was kr2,730.9 Mil. Therefore, Haugesund Sparebank ASA's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 6.50%.
The historical rank and industry rank for Haugesund Sparebank ASA's Return-on-Tangible-Equity or its related term are showing as below:
OSL:HGSB'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.67 Med: 7.86 Max: 8.34
Current: 7.41
During the past 5 years, Haugesund Sparebank ASA's highest Return-on-Tangible-Equity was 8.34%. The lowest was 6.67%. And the median was 7.86%.
OSL:HGSB's Return-on-Tangible-Equity is ranked worse than 71.95% of 1526
companies
in the Banks industry
Industry Median: 11.205
vs OSL:HGSB: 7.41
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.
Haugesund Sparebank ASA Return-on-Tangible-Equity Related Terms
Haugesund Sparebank ASA Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Haugesund Sparebank 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 Banks - Regional subindustry, Haugesund Sparebank 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.
Haugesund Sparebank ASA Return-on-Tangible-Equity vs Banks Industry
For the Banks industry and Financial Services sector, Haugesund Sparebank ASA's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Haugesund Sparebank 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 6.50% mean?
Haugesund Sparebank ASA (OSL:HGSB) has a Return-on-Tangible-Equity of 6.50% 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 Haugesund Sparebank ASA and its competitors. This is 17% below median its historical median of 7.86. Over the past decade, Haugesund Sparebank ASA's Return-on-Tangible-Equity has ranged from 6.67 to 8.34. According to the industry distribution chart, Haugesund Sparebank ASA ranks #1098 out of 1526 companies in the Banks industry, placing it in the top 72%.
Is Haugesund Sparebank ASA's Return-on-Tangible-Equity too high?
Haugesund Sparebank ASA's current Return-on-Tangible-Equity of 6.50% is 17% below median its 10-year median of 7.86. Over the past 10 years, this metric has ranged from a low of 6.67 to a high of 8.34. The Banks industry median Return-on-Tangible-Equity is 11.21. Haugesund Sparebank ASA's value of 6.50% is 42% below this industry median. Based on the distribution chart, Haugesund Sparebank ASA ranks #1098 out of 1526 companies in the Banks industry, which is below the industry midpoint. Overall, Haugesund Sparebank ASA has a GF Score™ of 2/100, reflecting its overall financial health beyond just this single metric.
How does Haugesund Sparebank ASA's Return-on-Tangible-Equity compare to competitors?
According to the Banks industry distribution chart, Haugesund Sparebank ASA ranks #1098 out of 1526 companies for Return-on-Tangible-Equity. This places Haugesund Sparebank ASA in the lower half of its industry. The industry median Return-on-Tangible-Equity is 11.21. Haugesund Sparebank ASA's value of 6.50% is 42% below this benchmark. Historically, Haugesund Sparebank ASA's own Return-on-Tangible-Equity has ranged from 6.67 to 8.34 over the past decade. While the company's 10-year median is 7.86 vs. the industry median of 11.21, Haugesund Sparebank ASA has consistently been below 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 Banks company?
The median Return-on-Tangible-Equity among Banks companies is 11.21, based on 1,526 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. Haugesund Sparebank ASA's current Return-on-Tangible-Equity of 6.50% is 42% below 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 Haugesund Sparebank ASA and its competitors. For the Banks industry, the median Return-on-Tangible-Equity is 11.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Haugesund Sparebank ASA's current Return-on-Tangible-Equity is 6.50%, which is 17% below median its own 10-year median of 7.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Haugesund Sparebank ASA stock overvalued right now?
Haugesund Sparebank ASA (OSL:HGSB) has a current Return-on-Tangible-Equity of 6.50%. The current Return-on-Tangible-Equity is 6.50%, which is 17% below median its 10-year median of 7.86 and 42% below the Banks industry median of 11.21. Haugesund Sparebank ASA's overall GF Score™ is 2/100 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 Haugesund Sparebank ASA (OSL:HGSB), the current Return-on-Tangible-Equity is 6.50% 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.
Haugesund Sparebank ASA is a local and independent savings bank in Norway with core business in banking. It also has strategic investments in product companies within insurance, leasing and securities trading.
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