Lighton (STU:I63) Return-on-Tangible-Equity: -254.71% (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STU:I63 Lighton SA STU:I63
19 GF Score
Price €5.01
! 4 Warning Signs
View Full Analysis

What is Lighton Return-on-Tangible-Equity?

Lighton STU:I63 +3.19% 19 Return-on-Tangible-Equity is -254.71% as of Dec. 2025. GuruFocus rates STU:I63 with a GF Score™ of 19/100. The stock has 4 warning signs investors should review. Among 2,482 Software companies, Lighton ranks worse than 93.35% 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. Lighton's annualized net income for the quarter that ended in Dec. 2025 was €-7.43 Mil. Lighton's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €2.92 Mil. Therefore, Lighton's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was -254.71%.

The historical rank and industry rank for Lighton's Return-on-Tangible-Equity or its related term are showing as below:

STU:I63' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -142.52   Med: -73.06   Max: 237.1
Current: -142.52

During the past 4 years, Lighton's highest Return-on-Tangible-Equity was 237.10%. The lowest was -142.52%. And the median was -73.06%.

STU:I63's Return-on-Tangible-Equity is ranked worse than
93.35% of 2482 companies
in the Software industry
Industry Median: 8.845 vs STU:I63: -142.52

Lighton  (STU:I63) 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.


Lighton Return-on-Tangible-Equity Related Terms


Lighton Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Lighton'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.

Lighton Return-on-Tangible-Equity Chart

Lighton Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
0.00 237.10 -73.06 -140.34

Lighton Semi-Annual Data
Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
Return-on-Tangible-Equity Get a 7-Day Free Trial 0.00 -177.93 -99.33 -99.73 -254.71

STU:I63 vs MSFT, ORCL, PLTR: Return-on-Tangible-Equity Comparison

For the Software - Infrastructure subindustry, Lighton'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.


Lighton Return-on-Tangible-Equity vs Software Industry

For the Software industry and Technology sector, Lighton's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Lighton's Return-on-Tangible-Equity falls into.


STU:I63
19GF Score
Lighton SA STU:I63
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lighton Return-on-Tangible-Equity Calculation

Lighton's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=-7.391/( (9.727+0.806 )/ 2 )
=-7.391/5.2665
=-140.34 %

Lighton's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=-7.426/( (5.025+0.806)/ 2 )
=-7.426/2.9155
=-254.71 %

* 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 two times the semi-annual (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 -254.71% mean?
Lighton (STU:I63) has a Return-on-Tangible-Equity of -254.71% 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 Lighton and its competitors. According to the industry distribution chart, Lighton ranks #2317 out of 2482 companies in the Software industry, placing it in the top 93.4%.
Is Lighton's Return-on-Tangible-Equity too high?
Lighton's current Return-on-Tangible-Equity is -254.71%. Based on the distribution chart, Lighton ranks #2317 out of 2482 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Lighton has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Lighton's Return-on-Tangible-Equity compare to MSFT and ORCL?
According to the Software industry distribution chart, Lighton ranks #2317 out of 2482 companies for Return-on-Tangible-Equity. This places Lighton in the lower half of its industry. The industry median Return-on-Tangible-Equity is 8.85. 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 Software company?
The median Return-on-Tangible-Equity among Software companies is 8.85, based on 2,482 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 Lighton and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 8.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lighton's current Return-on-Tangible-Equity is -254.71%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lighton stock overvalued right now?
Lighton (STU:I63) has a current Return-on-Tangible-Equity of -254.71%. The current Return-on-Tangible-Equity is -254.71%. Lighton's overall GF Score™ is 19/100 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 Lighton (STU:I63), the current Return-on-Tangible-Equity is -254.71% 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.

Lighton Business Description

Other Exchanges ALTAI:France
Address 2 rue de la Bourse, Paris, FRA, 75002
Lighton SA is a provider of sovereign generative AI platform software for enterprise document intelligence and workflow automation. The company offers a platform that enables organizations to deploy AI agents within their infrastructure, grounding in internal documents to execute automated workflows through tool integration. The platform supports custom workflow creation, multi-format document processing, and flexible deployment options from cloud to air-gapped systems. The technology serves large enterprises and public sector organisations requiring on-premises AI deployment with complete data control, supporting use cases in compliance management, process automation, and knowledge management.
19GF Score

Get the complete analysis for STU:I63

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€5.01
Price