SES (SES AI) Return-on-Tangible-Equity: -25.08% (As of Mar. 2026)


SES SES AI Corp SES
33 GF Score
Price $0.96
! 4 Warning Signs
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What is SES AI Return-on-Tangible-Equity?

SES AI SES +0.02% 33 Return-on-Tangible-Equity is -25.08% as of Mar. 2026. GuruFocus rates SES with a GF Score™ of 33/100. The stock has 4 warning signs investors should review. Among 1,285 Vehicles & Parts companies, SES AI ranks worse than 93.15% 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. SES AI's annualized net income for the quarter that ended in Mar. 2026 was $-48.39 Mil. SES AI's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $192.95 Mil. Therefore, SES AI's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -25.08%.

The historical rank and industry rank for SES AI's Return-on-Tangible-Equity or its related term are showing as below:

SES' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -33.98   Med: -31.14   Max: -14.28
Current: -32.59

During the past 7 years, SES AI's highest Return-on-Tangible-Equity was -14.28%. The lowest was -33.98%. And the median was -31.14%.

SES's Return-on-Tangible-Equity is ranked worse than
93.15% of 1285 companies
in the Vehicles & Parts industry
Industry Median: 7.49 vs SES: -32.59

SES AI  (NYSE:SES) 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.


SES AI Return-on-Tangible-Equity Related Terms


SES AI Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for SES AI'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.

SES AI Return-on-Tangible-Equity Chart

SES AI Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial 0.00 -33.98 -14.28 -31.57 -30.70

SES AI Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -18.22 -35.07 -36.32 -33.13 -25.08

SES vs STRT, HLLY, MVST: Return-on-Tangible-Equity Comparison

For the Auto Parts subindustry, SES AI'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.


SES AI Return-on-Tangible-Equity vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, SES AI's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where SES AI's Return-on-Tangible-Equity falls into.


SES
33GF Score
SES AI Corp SES
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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SES AI Return-on-Tangible-Equity Calculation

SES AI's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=-73.04/( (277.093+198.674 )/ 2 )
=-73.04/237.8835
=-30.70 %

SES AI's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=-48.392/( (198.674+187.225)/ 2 )
=-48.392/192.9495
=-25.08 %

* 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 -25.08% mean?
SES AI (SES) has a Return-on-Tangible-Equity of -25.08% 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 SES AI and its competitors. According to the industry distribution chart, SES AI ranks #1197 out of 1285 companies in the Vehicles & Parts industry, placing it in the top 93.2%.
Is SES AI's Return-on-Tangible-Equity too high?
SES AI's current Return-on-Tangible-Equity is -25.08%. Based on the distribution chart, SES AI ranks #1197 out of 1285 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, SES AI has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does SES AI's Return-on-Tangible-Equity compare to STRT and HLLY?
According to the Vehicles & Parts industry distribution chart, SES AI ranks #1197 out of 1285 companies for Return-on-Tangible-Equity. This places SES AI in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.49. 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 Vehicles & Parts company?
The median Return-on-Tangible-Equity among Vehicles & Parts companies is 7.49, based on 1,285 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 SES AI and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Equity is 7.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SES AI's current Return-on-Tangible-Equity is -25.08%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SES AI stock overvalued right now?
SES AI (SES) has a current Return-on-Tangible-Equity of -25.08%. The current Return-on-Tangible-Equity is -25.08%. SES AI's overall GF Score™ is 33/100 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 SES AI (SES), the current Return-on-Tangible-Equity is -25.08% 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.

SES AI Business Description

Address 35 Cabot Road, Woburn, MA, USA, 01801
SES AI Corp is a developer and manufacturer of rechargeable battery technologies and battery materials for Energy Storage Systems (ESS), Urban Air Mobility (UAM), drones, robotics, electric vehicles (EVs), and other applications. For Enery Storage Systems, the company supplies hardware and software solutions with battery health and safety management software powered by its AI-based platform, Molecular Universe. Additionally, it offers battery materials and high-energy and power-density Li-Metal and Li-ion cells, which can be used for drones, UAM, robotics, and EV applications. The company also offers access to Molecular Universe as a software product. Currently, it generates maximum revenue from the development of Li-ion and Li-Metal battery materials as per the client's specifications.
33GF Score

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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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