SPX TechnologiesSPXC -1.72%91 Return-on-Tangible-Equity is 152.22% as of Mar. 2026, which is 57% below its 10-year median of 357.59. GuruFocus rates SPXC with a GF Score™ of 91/100 and a GF Value™ of $178.52 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,704 Construction companies, SPX Technologies ranks better than 99.94% 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. SPX Technologies's annualized net income for the quarter that ended in Mar. 2026 was $240 Mil. SPX Technologies's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $157 Mil. Therefore, SPX Technologies's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 152.22%.
The historical rank and industry rank for SPX Technologies's Return-on-Tangible-Equity or its related term are showing as below:
SPXC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.09 Med: 357.59 Max: 574.44
Current: Negative Tangible Equity
During the past 13 years, SPX Technologies's highest Return-on-Tangible-Equity was 574.44%. The lowest was 0.09%. And the median was 357.59%.
SPXC's Return-on-Tangible-Equity is ranked better than 99.94% of 1704
companies
in the Construction industry
Industry Median: 8.245
vs SPXC: Negative Tangible Equity
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.
SPX Technologies Return-on-Tangible-Equity Related Terms
SPX Technologies Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for SPX Technologies'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.
SPXC vs WMS, OC, AAON: Return-on-Tangible-Equity Comparison
For the Building Products & Equipment subindustry, SPX Technologies'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.
SPX Technologies Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, SPX Technologies's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where SPX Technologies'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 152.22% mean?
SPX Technologies (SPXC) has a Return-on-Tangible-Equity of 152.22% 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 SPX Technologies and its competitors. This is 57% below median its historical median of 357.59. Over the past decade, SPX Technologies' Return-on-Tangible-Equity has ranged from 0.09 to 574.44. According to the industry distribution chart, SPX Technologies ranks #1 out of 1704 companies in the Construction industry, placing it in the top 0.099999999999994%.
Is SPX Technologies' Return-on-Tangible-Equity too high?
SPX Technologies' current Return-on-Tangible-Equity of 152.22% is 57% below median its 10-year median of 357.59. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 574.44. The Construction industry median Return-on-Tangible-Equity is 8.25. SPX Technologies' value of 152.22% is 1746.2% above this industry median. Based on the distribution chart, SPX Technologies ranks #1 out of 1704 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, SPX Technologies has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SPX Technologies' Return-on-Tangible-Equity compare to WMS and OC?
According to the Construction industry distribution chart, SPX Technologies ranks #1 out of 1704 companies for Return-on-Tangible-Equity. This places SPX Technologies in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.25. SPX Technologies' value of 152.22% is 1746.2% above this benchmark. Historically, SPX Technologies' own Return-on-Tangible-Equity has ranged from 0.09 to 574.44 over the past decade. While the company's 10-year median is 357.59 vs. the industry median of 8.25, SPX Technologies 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 8.25, based on 1,704 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. SPX Technologies's current Return-on-Tangible-Equity of 152.22% is 1746.2% 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 SPX Technologies and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPX Technologies's current Return-on-Tangible-Equity is 152.22%, which is 57% below median its own 10-year median of 357.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPX Technologies stock overvalued right now?
Based on GuruFocus' analysis, SPX Technologies (SPXC) is currently considered Modestly Overvalued. The stock's GF Value™ is $178.52, compared to a current price of $227.74 — trading 27.6% above its estimated fair value. The current Return-on-Tangible-Equity is 152.22%, which is 57% below median its 10-year median of 357.59 and 1746.2% above the Construction industry median of 8.25. SPX Technologies' overall GF Score™ is 91/100 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 SPX Technologies (SPXC), the current Return-on-Tangible-Equity is 152.22% 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 SPX Technologies (SPXC) Overvalued in 2026?
Based on GuruFocus' analysis, SPX Technologies stock appears to be overvalued.
The current stock price of $227.74 is trading 27.6% above its estimated GF Value™ of $178.52.
GuruFocus considers SPX Technologies to be Modestly Overvalued.
Key valuation signals for SPXC:
Return-on-Tangible-Equity: 152.22% (57% below median its 10-year median of 357.59)
GF Value™: $178.52 vs. price of $227.74 (27.6% above fair value)
Industry Position: 1746.2% above the Construction median (#1 of 1704)
No single metric tells the full story. See the SPXC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SPX Technologies Inc supplies engineered heating, ventilation, and air conditioning, or HVAC, products, as well as detection and measurement technologies and power equipment. The company operates through two reportable segments. The HVAC segment which generates the majority of the revenue for the company, designs, manufactures, installs, and services cooling products, as well as heating and ventilation products. The Detection and Measurement technologies segment designs, manufactures, and installs underground pipe and cable locators and inspection equipment, bus-fare collection systems, and others. Geographically, the company has its operations in the United States, Canada, China, the United Kingdom, and Others. It derives maximum revenue from United States.
91GF Score
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