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.
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.
Atlas ArteriaSTU:M82 +0.69%80 Return-on-Tangible-Equity is 14.73% as of Dec. 2025, which is 27% above its 10-year median of 11.63. GuruFocus rates STU:M82 with a GF Score™ of 80/100 and a GF Value™ of €3.39. The stock has 5 warning signs investors should review. Among 1,709 Construction companies, Atlas Arteria ranks better than 64.07% 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. Atlas Arteria's annualized net income for the quarter that ended in Dec. 2025 was €211.32 Mil. Atlas Arteria's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €1,434.14 Mil. Therefore, Atlas Arteria's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 14.73%.
The historical rank and industry rank for Atlas Arteria's Return-on-Tangible-Equity or its related term are showing as below:
STU:M82'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -4.54 Med: 11.63 Max: 105.33
Current: 12.58
During the past 13 years, Atlas Arteria's highest Return-on-Tangible-Equity was 105.33%. The lowest was -4.54%. And the median was 11.63%.
STU:M82's Return-on-Tangible-Equity is ranked better than 64.07% of 1709
companies
in the Construction industry
Industry Median: 8.21
vs STU:M82: 12.58
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.
Atlas Arteria Return-on-Tangible-Equity Related Terms
Atlas Arteria Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Atlas Arteria'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.
For the Infrastructure Operations subindustry, Atlas Arteria'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.
Atlas Arteria Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, Atlas Arteria's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Atlas Arteria'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 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 14.73% mean?
Atlas Arteria (STU:M82) has a Return-on-Tangible-Equity of 14.73% 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 Atlas Arteria and its competitors. This is 27% above median its historical median of 11.63. According to the industry distribution chart, Atlas Arteria ranks #614 out of 1709 companies in the Construction industry, placing it in the top 35.9%.
Is Atlas Arteria's Return-on-Tangible-Equity too high?
Atlas Arteria's current Return-on-Tangible-Equity of 14.73% is 27% above median its 10-year median of 11.63. The Construction industry median Return-on-Tangible-Equity is 8.21. Atlas Arteria's value of 14.73% is 79.4% above this industry median. Based on the distribution chart, Atlas Arteria ranks #614 out of 1709 companies in the Construction industry, which is above the industry midpoint. Overall, Atlas Arteria has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Atlas Arteria's Return-on-Tangible-Equity compare to competitors?
According to the Construction industry distribution chart, Atlas Arteria ranks #614 out of 1709 companies for Return-on-Tangible-Equity. This puts Atlas Arteria in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.21. Atlas Arteria's value of 14.73% is 79.4% above this benchmark. While the company's 10-year median is 11.63 vs. the industry median of 8.21, Atlas Arteria 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 8.21, based on 1,709 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. Atlas Arteria's current Return-on-Tangible-Equity of 14.73% is 79.4% 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 Atlas Arteria and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Atlas Arteria's current Return-on-Tangible-Equity is 14.73%, which is 27% above median its own 10-year median of 11.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atlas Arteria stock overvalued right now?
Atlas Arteria (STU:M82) has a current Return-on-Tangible-Equity of 14.73%. The stock's GF Value™ is €3.39, compared to a current price of €2.92 — trading 13.9% below its estimated fair value. The current Return-on-Tangible-Equity is 14.73%, which is 27% above median its 10-year median of 11.63 and 79.4% above the Construction industry median of 8.21. Atlas Arteria's overall GF Score™ is 80/100 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 Atlas Arteria (STU:M82), the current Return-on-Tangible-Equity is 14.73% 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 Atlas Arteria (STU:M82) Overvalued in 2026?
Based on GuruFocus' analysis, Atlas Arteria stock appears to be undervalued.
The current stock price of €2.92 is trading 13.9% below its estimated GF Value™ of €3.39.
Key valuation signals for STU:M82:
Return-on-Tangible-Equity: 14.73% (27% above median its 10-year median of 11.63)
GF Value™: €3.39 vs. price of €2.92 (13.9% below fair value)
Industry Position: 79.4% above the Construction median (#614 of 1709)
No single metric tells the full story. See the STU:M82 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Atlas Arteria is a global toll-road investor created out of the reorganization of Macquarie Infrastructure Group in 2010. The firm's main asset is a 30.82% stake in APRR. APRR owns concessions to toll more than 2,300 kilometers of motorways in eastern France, most ending by late 2035. The firm also wholly owns the Dulles Greenway and 66.67% of the Chicago Skyway, both in the US.
80GF Score
Get the complete analysis for STU:M82
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
STU:M82 has been successfully added to your 
