Smartoptics Group ASASMOPF -6.73%81 Return-on-Tangible-Equity is 3.34% as of Mar. 2026, which is 79% below its 10-year median of 16.01. GuruFocus rates SMOPF with a GF Score™ of 81/100 and a GF Value™ of $2.87 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,379 Hardware companies, Smartoptics Group ASA ranks better than 83.82% 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. Smartoptics Group ASA's annualized net income for the quarter that ended in Mar. 2026 was $0.94 Mil. Smartoptics Group ASA's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $28.03 Mil. Therefore, Smartoptics Group ASA's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 3.34%.
The historical rank and industry rank for Smartoptics Group ASA's Return-on-Tangible-Equity or its related term are showing as below:
SMOPF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -0.66 Med: 16.01 Max: 28.96
Current: 18.12
During the past 8 years, Smartoptics Group ASA's highest Return-on-Tangible-Equity was 28.96%. The lowest was -0.66%. And the median was 16.01%.
SMOPF's Return-on-Tangible-Equity is ranked better than 83.82% of 2379
companies
in the Hardware industry
Industry Median: 5.26
vs SMOPF: 18.12
Smartoptics Group ASA (OTCPK:SMOPF) 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.
Smartoptics Group ASA Return-on-Tangible-Equity Related Terms
Smartoptics Group ASA Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Smartoptics Group 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.
Smartoptics Group ASA Return-on-Tangible-Equity Chart
SMOPF vs CSCO, CIEN, MSI: Return-on-Tangible-Equity Comparison
For the Communication Equipment subindustry, Smartoptics Group 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.
Smartoptics Group ASA Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Smartoptics Group ASA's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Smartoptics Group 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 3.34% mean?
Smartoptics Group ASA (SMOPF) has a Return-on-Tangible-Equity of 3.34% 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 Smartoptics Group ASA and its competitors. This is 79% below median its historical median of 16.01. According to the industry distribution chart, Smartoptics Group ASA ranks #385 out of 2379 companies in the Hardware industry, placing it in the top 16.2%.
Is Smartoptics Group ASA's Return-on-Tangible-Equity too high?
Smartoptics Group ASA's current Return-on-Tangible-Equity of 3.34% is 79% below median its 10-year median of 16.01. The Hardware industry median Return-on-Tangible-Equity is 5.26. Smartoptics Group ASA's value of 3.34% is 36.5% below this industry median. Based on the distribution chart, Smartoptics Group ASA ranks #385 out of 2379 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Smartoptics Group ASA has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Smartoptics Group ASA's Return-on-Tangible-Equity compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Smartoptics Group ASA ranks #385 out of 2379 companies for Return-on-Tangible-Equity. This places Smartoptics Group ASA in the top 16% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.26. Smartoptics Group ASA's value of 3.34% is 36.5% below this benchmark. While the company's 10-year median is 16.01 vs. the industry median of 5.26, Smartoptics Group 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 Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.26, based on 2,379 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. Smartoptics Group ASA's current Return-on-Tangible-Equity of 3.34% is 36.5% 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 Smartoptics Group ASA and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smartoptics Group ASA's current Return-on-Tangible-Equity is 3.34%, which is 79% below median its own 10-year median of 16.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smartoptics Group ASA stock overvalued right now?
Based on GuruFocus' analysis, Smartoptics Group ASA (SMOPF) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.87, compared to a current price of $4.85 — trading 69% above its estimated fair value. The current Return-on-Tangible-Equity is 3.34%, which is 79% below median its 10-year median of 16.01 and 36.5% below the Hardware industry median of 5.26. Smartoptics Group ASA's overall GF Score™ is 81/100 with 2 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 Smartoptics Group ASA (SMOPF), the current Return-on-Tangible-Equity is 3.34% 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 Smartoptics Group ASA (SMOPF) Overvalued in 2026?
Based on GuruFocus' analysis, Smartoptics Group ASA stock appears to be overvalued.
The current stock price of $4.85 is trading 69% above its estimated GF Value™ of $2.87.
GuruFocus considers Smartoptics Group ASA to be Significantly Overvalued.
Key valuation signals for SMOPF:
Return-on-Tangible-Equity: 3.34% (79% below median its 10-year median of 16.01)
GF Value™: $2.87 vs. price of $4.85 (69% above fair value)
Industry Position: 36.5% below the Hardware median (#385 of 2379)
No single metric tells the full story. See the SMOPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Smartoptics Group ASA provides optical networking solutions and devices for open networking. The company has three main product categories: Solutions, Optical Devices, and Software & Services. These products are used to construct various Enterprise, Governmental, DCI, Metro, and Regional networks. The Solutions consist of the DCP-R family, DCP-F family, DCP-M family, transponders, and Muxponders, as well as transceivers used in connection with the System projects. Optical devices consist of transceivers, passive filters, and accessories that are sold independently of products in the Solutions offering. Software and Services are closely related to Solutions, as customers buy a complete solution including a Software and Services package. Geographically works in America, EMEA, and APAC.
81GF Score
Get the complete analysis for SMOPF
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SMOPF has been successfully added to your 
