SP Group ASSPGGF 95 Return-on-Tangible-Equity is 41.52% as of Mar. 2026, which is 50% above its 10-year median of 27.73. GuruFocus rates SPGGF with a GF Score™ of 95/100 and a GF Value™ of $24.26. The stock has 8 warning signs investors should review. Among 1,571 Chemicals companies, SP Group AS ranks better than 92.74% 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. SP Group AS's annualized net income for the quarter that ended in Mar. 2026 was $61.2 Mil. SP Group AS's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $147.4 Mil. Therefore, SP Group AS's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 41.52%.
The historical rank and industry rank for SP Group AS's Return-on-Tangible-Equity or its related term are showing as below:
SPGGF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 17.4 Med: 27.73 Max: 48.61
Current: 24.49
During the past 13 years, SP Group AS's highest Return-on-Tangible-Equity was 48.61%. The lowest was 17.40%. And the median was 27.73%.
SPGGF's Return-on-Tangible-Equity is ranked better than 92.74% of 1571
companies
in the Chemicals industry
Industry Median: 5.7
vs SPGGF: 24.49
SP Group AS (OTCPK:SPGGF) 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.
SP Group AS Return-on-Tangible-Equity Related Terms
SP Group AS Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for SP Group 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.
SPGGF vs LIN, SHW, ECL: Return-on-Tangible-Equity Comparison
For the Specialty Chemicals subindustry, SP Group 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.
SP Group AS Return-on-Tangible-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, SP Group AS's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where SP Group 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 41.52% mean?
SP Group AS (SPGGF) has a Return-on-Tangible-Equity of 41.52% 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 SP Group AS and its competitors. This is 50% above median its historical median of 27.73. Over the past decade, SP Group AS's Return-on-Tangible-Equity has ranged from 17.40 to 48.61. According to the industry distribution chart, SP Group AS ranks #114 out of 1571 companies in the Chemicals industry, placing it in the top 7.3%.
Is SP Group AS's Return-on-Tangible-Equity too high?
SP Group AS's current Return-on-Tangible-Equity of 41.52% is 50% above median its 10-year median of 27.73. Over the past 10 years, this metric has ranged from a low of 17.40 to a high of 48.61. The Chemicals industry median Return-on-Tangible-Equity is 5.70. SP Group AS's value of 41.52% is 628.4% above this industry median. Based on the distribution chart, SP Group AS ranks #114 out of 1571 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, SP Group AS has a GF Score™ of 95/100, reflecting its overall financial health beyond just this single metric.
How does SP Group AS's Return-on-Tangible-Equity compare to LIN and SHW?
According to the Chemicals industry distribution chart, SP Group AS ranks #114 out of 1571 companies for Return-on-Tangible-Equity. This places SP Group AS in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.70. SP Group AS's value of 41.52% is 628.4% above this benchmark. Historically, SP Group AS's own Return-on-Tangible-Equity has ranged from 17.40 to 48.61 over the past decade. While the company's 10-year median is 27.73 vs. the industry median of 5.70, SP Group AS 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 Chemicals company?
The median Return-on-Tangible-Equity among Chemicals companies is 5.70, based on 1,571 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. SP Group AS's current Return-on-Tangible-Equity of 41.52% is 628.4% 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 SP Group AS and its competitors. For the Chemicals industry, the median Return-on-Tangible-Equity is 5.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SP Group AS's current Return-on-Tangible-Equity is 41.52%, which is 50% above median its own 10-year median of 27.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SP Group AS stock overvalued right now?
SP Group AS (SPGGF) has a current Return-on-Tangible-Equity of 41.52%. The stock's GF Value™ is $24.26, compared to a current price of $29.71 — trading 22.5% above its estimated fair value. The current Return-on-Tangible-Equity is 41.52%, which is 50% above median its 10-year median of 27.73 and 628.4% above the Chemicals industry median of 5.70. SP Group AS's overall GF Score™ is 95/100 with 8 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 SP Group AS (SPGGF), the current Return-on-Tangible-Equity is 41.52% 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 SP Group AS (SPGGF) Overvalued in 2026?
Based on GuruFocus' analysis, SP Group AS stock appears to be overvalued.
The current stock price of $29.71 is trading 22.5% above its estimated GF Value™ of $24.26.
Key valuation signals for SPGGF:
Return-on-Tangible-Equity: 41.52% (50% above median its 10-year median of 27.73)
GF Value™: $24.26 vs. price of $29.71 (22.5% above fair value)
Industry Position: 628.4% above the Chemicals median (#114 of 1571)
No single metric tells the full story. See the SPGGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SP Group AS develops and manufactures solutions in plastics using multiple production technologies. It is a supplier of manufactured plastic products for the manufacturing industries. Its solutions include 3D print, Assembly, Blow Moulding, Injection Moulding, , Precision Plastic Machining, among others. Its segments include Denmark, Norway, Sweden, Finland, Latvia, Slovakia, The Netherlands, Poland, North America, China, and Thailand, with Denmark generating the majority of the revenue.
95GF Score
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