Space CoSPAEF -0.22%64 Return-on-Tangible-Equity is 15.00% as of Dec. 2025, which is 101% above its 10-year median of 7.48. GuruFocus rates SPAEF with a GF Score™ of 64/100 and a GF Value™ of $9.54 (Fairly Valued). Among 1,711 Construction companies, Space Co ranks better than 61.08% 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. Space Co's annualized net income for the quarter that ended in Dec. 2025 was $33.4 Mil. Space Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was $222.9 Mil. Therefore, Space Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 15.00%.
The historical rank and industry rank for Space Co's Return-on-Tangible-Equity or its related term are showing as below:
SPAEF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.03 Med: 7.48 Max: 11.68
Current: 11.68
During the past 13 years, Space Co's highest Return-on-Tangible-Equity was 11.68%. The lowest was 4.03%. And the median was 7.48%.
SPAEF's Return-on-Tangible-Equity is ranked better than 61.08% of 1711
companies
in the Construction industry
Industry Median: 8.24
vs SPAEF: 11.68
Space Co (OTCPK:SPAEF) 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.
Space Co Return-on-Tangible-Equity Related Terms
Space Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Space Co'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.
SPAEF vs PWR, FIX, EME: Return-on-Tangible-Equity Comparison
For the Engineering & Construction subindustry, Space Co'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.
Space Co Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, Space Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Space Co'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 (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 15.00% mean?
Space Co (SPAEF) has a Return-on-Tangible-Equity of 15.00% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Space Co and its competitors. This is 101% above median its historical median of 7.48. Over the past decade, Space Co's Return-on-Tangible-Equity has ranged from 4.03 to 11.68. According to the industry distribution chart, Space Co ranks #666 out of 1711 companies in the Construction industry, placing it in the top 38.9%.
Is Space Co's Return-on-Tangible-Equity too high?
Space Co's current Return-on-Tangible-Equity of 15.00% is 101% above median its 10-year median of 7.48. Over the past 10 years, this metric has ranged from a low of 4.03 to a high of 11.68. The Construction industry median Return-on-Tangible-Equity is 8.24. Space Co's value of 15.00% is 82% above this industry median. Based on the distribution chart, Space Co ranks #666 out of 1711 companies in the Construction industry, which is above the industry midpoint. Overall, Space Co has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Space Co's Return-on-Tangible-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, Space Co ranks #666 out of 1711 companies for Return-on-Tangible-Equity. This puts Space Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.24. Space Co's value of 15.00% is 82% above this benchmark. Historically, Space Co's own Return-on-Tangible-Equity has ranged from 4.03 to 11.68 over the past decade. While the company's 10-year median is 7.48 vs. the industry median of 8.24, Space Co 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 a Construction company?
The median Return-on-Tangible-Equity among Construction companies is 8.24, based on 1,711 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. Space Co's current Return-on-Tangible-Equity of 15.00% is 82% 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 Space Co and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Space Co's current Return-on-Tangible-Equity is 15.00%, which is 101% above median its own 10-year median of 7.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Space Co stock overvalued right now?
Based on GuruFocus' analysis, Space Co (SPAEF) is currently considered Fairly Valued. The stock's GF Value™ is $9.54, compared to a current price of $9.28 — trading 2.7% below its estimated fair value. The current Return-on-Tangible-Equity is 15.00%, which is 101% above median its 10-year median of 7.48 and 82% above the Construction industry median of 8.24. Space Co's overall GF Score™ is 64/100. 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 Space Co (SPAEF), the current Return-on-Tangible-Equity is 15.00% as of Dec. 2025. 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 Space Co (SPAEF) Overvalued in 2026?
Based on GuruFocus' analysis, Space Co stock appears to be undervalued.
The current stock price of $9.28 is trading 2.7% below its estimated GF Value™ of $9.54.
GuruFocus considers Space Co to be Fairly Valued.
Key valuation signals for SPAEF:
Return-on-Tangible-Equity: 15.00% (101% above median its 10-year median of 7.48)
GF Value™: $9.54 vs. price of $9.28 (2.7% below fair value)
Industry Position: 82% above the Construction median (#666 of 1711)
No single metric tells the full story. See the SPAEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Space Co Ltd is engaged in the planning and design, supervision and construction of commercial facilities, including shopping centres, department stores, speciality stores, restaurants, and cafes. In addition, the company is also involved in the planning, design, production, sales and import and export of display equipment and fixtures, indoor and outdoor decorative items.
64GF Score
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