Havila Kystruten ASOSL:HKY 50 Return-on-Tangible-Equity is Negative Tangible Equity% as of Mar. 2026. GuruFocus rates OSL:HKY with a GF Score™ of 50/100 and a GF Value™ of kr54.49 (Fairly Valued). The stock has 6 warning signs investors should review. Among 792 Travel & Leisure companies, Havila Kystruten AS ranks worse than 126262.5% 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 Kystruten AS's annualized net income for the quarter that ended in Mar. 2026 was kr469 Mil. Havila Kystruten AS's average shareholder tangible equity for the quarter that ended in Mar. 2026 was kr-1,374 Mil. Therefore, Havila Kystruten AS's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was Negative Tangible Equity%.
The historical rank and industry rank for Havila Kystruten AS's Return-on-Tangible-Equity or its related term are showing as below:
OSL:HKY's Return-on-Tangible-Equity is not ranked *
in the Travel & Leisure industry.
Industry Median: 7.67 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
Havila Kystruten AS (OSL:HKY) 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.
Havila Kystruten AS Return-on-Tangible-Equity Related Terms
Havila Kystruten AS Return-on-Tangible-Equity Historical Data
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The historical data trend for Havila Kystruten AS'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.
Havila Kystruten AS Return-on-Tangible-Equity Chart
OSL:HKY vs BKNG, ABNB, RCL: Return-on-Tangible-Equity Comparison
For the Travel Services subindustry, Havila Kystruten AS'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 Kystruten AS Return-on-Tangible-Equity vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Havila Kystruten AS's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Havila Kystruten AS'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 Negative Tangible Equity% mean?
Havila Kystruten AS (OSL:HKY) has a Return-on-Tangible-Equity of Negative Tangible Equity% 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 Kystruten AS and its competitors. According to the industry distribution chart, Havila Kystruten AS ranks #999999 out of 792 companies in the Travel & Leisure industry.
Is Havila Kystruten AS's Return-on-Tangible-Equity too high?
Havila Kystruten AS's current Return-on-Tangible-Equity is Negative Tangible Equity%. Based on the distribution chart, Havila Kystruten AS ranks #999999 out of 792 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Havila Kystruten AS has a GF Score™ of 50/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Havila Kystruten AS's Return-on-Tangible-Equity compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, Havila Kystruten AS ranks #999999 out of 792 companies for Return-on-Tangible-Equity. This places Havila Kystruten AS in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.67. 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 Travel & Leisure company?
The median Return-on-Tangible-Equity among Travel & Leisure companies is 7.67, based on 792 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 Kystruten AS and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Equity is 7.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Havila Kystruten AS's current Return-on-Tangible-Equity is Negative Tangible Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Havila Kystruten AS stock overvalued right now?
Based on GuruFocus' analysis, Havila Kystruten AS (OSL:HKY) is currently considered Fairly Valued. The stock's GF Value™ is kr54.49, compared to a current price of kr58.00 — trading 6.4% above its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Havila Kystruten AS's overall GF Score™ is 50/100 with 6 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 Kystruten AS (OSL:HKY), the current Return-on-Tangible-Equity is Negative Tangible Equity% 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 Kystruten AS (OSL:HKY) Overvalued in 2026?
Based on GuruFocus' analysis, Havila Kystruten AS stock appears to be overvalued.
The current stock price of kr58.00 is trading 6.4% above its estimated GF Value™ of kr54.49.
GuruFocus considers Havila Kystruten AS to be Fairly Valued.
No single metric tells the full story. See the OSL:HKY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Havila Kystruten AS purpose is to operate shipping, transport, and tourism activities, including development and investment in other companies, and other activities naturally related thereto. It operates four vessels on the classic coastal route between Bergen and Kirkenes, using some of the environmentally friendly ships along the Norwegian coast.
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