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Spruce Power HoldingSPRU 42 Return-on-Tangible-Equity is -10.62% as of Mar. 2026. GuruFocus rates SPRU with a GF Score™ of 42/100 and a GF Value™ of $4.91 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 985 Semiconductors companies, Spruce Power Holding ranks worse than 80.81% 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. Spruce Power Holding's annualized net income for the quarter that ended in Mar. 2026 was $-11.7 Mil. Spruce Power Holding's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $110.2 Mil. Therefore, Spruce Power Holding's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -10.62%.
The historical rank and industry rank for Spruce Power Holding's Return-on-Tangible-Equity or its related term are showing as below:
SPRU'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -70.14 Med: -38.58 Max: 10.48
Current: -11.87
During the past 7 years, Spruce Power Holding's highest Return-on-Tangible-Equity was 10.48%. The lowest was -70.14%. And the median was -38.58%.
SPRU's Return-on-Tangible-Equity is ranked worse than 80.81% of 985
companies
in the Semiconductors industry
Industry Median: 5.47
vs SPRU: -11.87
Spruce Power Holding (NYSE:SPRU) 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.
Spruce Power Holding Return-on-Tangible-Equity Related Terms
Spruce Power Holding Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Spruce Power Holding'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.
Spruce Power Holding Return-on-Tangible-Equity Chart
SPRU vs FTCI, ASTI, BEEM: Return-on-Tangible-Equity Comparison
For the Solar subindustry, Spruce Power Holding'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.
Spruce Power Holding Return-on-Tangible-Equity vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Spruce Power Holding's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Spruce Power Holding'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 -10.62% mean?
Spruce Power Holding (SPRU) has a Return-on-Tangible-Equity of -10.62% 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 Spruce Power Holding and its competitors. According to the industry distribution chart, Spruce Power Holding ranks #796 out of 985 companies in the Semiconductors industry, placing it in the top 80.8%.
Is Spruce Power Holding's Return-on-Tangible-Equity too high?
Spruce Power Holding's current Return-on-Tangible-Equity is -10.62%. Based on the distribution chart, Spruce Power Holding ranks #796 out of 985 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Spruce Power Holding has a GF Score™ of 42/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Spruce Power Holding's Return-on-Tangible-Equity compare to FTCI and ASTI?
According to the Semiconductors industry distribution chart, Spruce Power Holding ranks #796 out of 985 companies for Return-on-Tangible-Equity. This places Spruce Power Holding in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.47. 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 Semiconductors company?
The median Return-on-Tangible-Equity among Semiconductors companies is 5.47, based on 985 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 Spruce Power Holding and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Equity is 5.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spruce Power Holding's current Return-on-Tangible-Equity is -10.62%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spruce Power Holding stock overvalued right now?
Based on GuruFocus' analysis, Spruce Power Holding (SPRU) is currently considered Possible Value Trap. The stock's GF Value™ is $4.91, compared to a current price of $1.95 — trading 60.3% below its estimated fair value. The current Return-on-Tangible-Equity is -10.62%. Spruce Power Holding's overall GF Score™ is 42/100 with 5 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 Spruce Power Holding (SPRU), the current Return-on-Tangible-Equity is -10.62% 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 Spruce Power Holding (SPRU) Overvalued in 2026?
Based on GuruFocus' analysis, Spruce Power Holding stock appears to be undervalued.
The current stock price of $1.95 is trading 60.3% below its estimated GF Value™ of $4.91.
GuruFocus considers Spruce Power Holding to be Possible Value Trap.
Key valuation signals for SPRU:
Return-on-Tangible-Equity: -10.62%
GF Value™: $4.91 vs. price of $1.95 (60.3% below fair value)
No single metric tells the full story. See the SPRU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spruce Power Holding Corp is an owner and operator of distributed solar energy assets across the United States (the U.S.), offering subscription-based services to home solar assets and customer contracts, making renewable energy more accessible to everyone. The Company's customers are homeowners and the Company's core solar service offerings generate revenues through, the sale of electricity generated by its home solar energy systems to homeowners, third-party contracts to sell solar renewable energy credits (SRECs) generated by the solar energy systems for fixed prices and the servicing of those agreements for other institutional owners of home solar energy systems.
42GF Score
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