Sandvik ABSDVKF 82 Return-on-Tangible-Equity is 46.97% as of Mar. 2026, which is 6% above its 10-year median of 44.30. GuruFocus rates SDVKF with a GF Score™ of 82/100 and a GF Value™ of $22.69 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,971 Industrial Products companies, Sandvik AB ranks better than 95.15% 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. Sandvik AB's annualized net income for the quarter that ended in Mar. 2026 was $1,664 Mil. Sandvik AB's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $3,542 Mil. Therefore, Sandvik AB's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 46.97%.
The historical rank and industry rank for Sandvik AB's Return-on-Tangible-Equity or its related term are showing as below:
SDVKF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 20.35 Med: 44.3 Max: 80.03
Current: 51.61
During the past 13 years, Sandvik AB's highest Return-on-Tangible-Equity was 80.03%. The lowest was 20.35%. And the median was 44.30%.
SDVKF's Return-on-Tangible-Equity is ranked better than 95.15% of 2971
companies
in the Industrial Products industry
Industry Median: 6.72
vs SDVKF: 51.61
Sandvik AB (OTCPK:SDVKF) 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.
Sandvik AB Return-on-Tangible-Equity Related Terms
Sandvik AB Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Sandvik AB'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.
SDVKF vs GEV, ETN, PH: Return-on-Tangible-Equity Comparison
For the Specialty Industrial Machinery subindustry, Sandvik AB'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.
Sandvik AB Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Sandvik AB's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Sandvik AB'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 46.97% mean?
Sandvik AB (SDVKF) has a Return-on-Tangible-Equity of 46.97% 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 Sandvik AB and its competitors. This is near median its historical median of 44.30. Over the past decade, Sandvik AB's Return-on-Tangible-Equity has ranged from 20.35 to 80.03. According to the industry distribution chart, Sandvik AB ranks #144 out of 2971 companies in the Industrial Products industry, placing it in the top 4.8%.
Is Sandvik AB's Return-on-Tangible-Equity too high?
Sandvik AB's current Return-on-Tangible-Equity of 46.97% is near median its 10-year median of 44.30. Over the past 10 years, this metric has ranged from a low of 20.35 to a high of 80.03. The Industrial Products industry median Return-on-Tangible-Equity is 6.72. Sandvik AB's value of 46.97% is 599% above this industry median. Based on the distribution chart, Sandvik AB ranks #144 out of 2971 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Sandvik AB has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sandvik AB's Return-on-Tangible-Equity compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Sandvik AB ranks #144 out of 2971 companies for Return-on-Tangible-Equity. This places Sandvik AB in the top 5% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.72. Sandvik AB's value of 46.97% is 599% above this benchmark. Historically, Sandvik AB's own Return-on-Tangible-Equity has ranged from 20.35 to 80.03 over the past decade. While the company's 10-year median is 44.30 vs. the industry median of 6.72, Sandvik AB 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 an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.72, based on 2,971 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. Sandvik AB's current Return-on-Tangible-Equity of 46.97% is 599% 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 Sandvik AB and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sandvik AB's current Return-on-Tangible-Equity is 46.97%, which is near median its own 10-year median of 44.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sandvik AB stock overvalued right now?
Based on GuruFocus' analysis, Sandvik AB (SDVKF) is currently considered Significantly Overvalued. The stock's GF Value™ is $22.69, compared to a current price of $41.03 — trading 80.8% above its estimated fair value. The current Return-on-Tangible-Equity is 46.97%, which is near median its 10-year median of 44.30 and 599% above the Industrial Products industry median of 6.72. Sandvik AB's overall GF Score™ is 82/100 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 Sandvik AB (SDVKF), the current Return-on-Tangible-Equity is 46.97% 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 Sandvik AB (SDVKF) Overvalued in 2026?
Based on GuruFocus' analysis, Sandvik AB stock appears to be overvalued.
The current stock price of $41.03 is trading 80.8% above its estimated GF Value™ of $22.69.
GuruFocus considers Sandvik AB to be Significantly Overvalued.
Key valuation signals for SDVKF:
Return-on-Tangible-Equity: 46.97% (near median its 10-year median of 44.30)
GF Value™: $22.69 vs. price of $41.03 (80.8% above fair value)
Industry Position: 599% above the Industrial Products median (#144 of 2971)
No single metric tells the full story. See the SDVKF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sandvik is a manufacturer of specialized tools and mining equipment used predominantly by global mining, engineering, and automotive customers. The group is composed of three segments: mining and rock solutions, rock processing, and machining. Sandvik was founded in 1862 and listed on the Nordic Exchange in Stockholm in 1901.
82GF Score
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