ZEAL Network SESTU:TIM -0.67%87 Return-on-Tangible-Equity is Negative Tangible Equity% as of Mar. 2026. GuruFocus rates STU:TIM with a GF Score™ of 87/100 and a GF Value™ of €69.80 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 792 Travel & Leisure companies, ZEAL Network SE ranks better than 99.87% 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. ZEAL Network SE's annualized net income for the quarter that ended in Mar. 2026 was €33.2 Mil. ZEAL Network SE's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €-28.5 Mil. Therefore, ZEAL Network SE's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was Negative Tangible Equity%.
The historical rank and industry rank for ZEAL Network SE's Return-on-Tangible-Equity or its related term are showing as below:
STU:TIM'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.41 Med: 20.12 Max: 122.78
Current: Negative Tangible Equity
During the past 13 years, ZEAL Network SE's highest Return-on-Tangible-Equity was 122.78%. The lowest was 1.41%. And the median was 20.12%.
STU:TIM's Return-on-Tangible-Equity is ranked better than 99.87% of 792
companies
in the Travel & Leisure industry
Industry Median: 7.67
vs STU:TIM: Negative Tangible Equity
ZEAL Network SE (STU:TIM) 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.
ZEAL Network SE Return-on-Tangible-Equity Related Terms
ZEAL Network SE Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for ZEAL Network SE'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.
STU:TIM vs FLUT, DKNG, SGHC: Return-on-Tangible-Equity Comparison
For the Gambling subindustry, ZEAL Network SE'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.
ZEAL Network SE Return-on-Tangible-Equity vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, ZEAL Network SE's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where ZEAL Network SE'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 Negative Tangible Equity% mean?
ZEAL Network SE (STU:TIM) has a Return-on-Tangible-Equity of Negative Tangible Equity% 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 ZEAL Network SE and its competitors. Over the past decade, ZEAL Network SE's Return-on-Tangible-Equity has ranged from 1.41 to 122.78. According to the industry distribution chart, ZEAL Network SE ranks #1 out of 792 companies in the Travel & Leisure industry, placing it in the top 0.099999999999994%.
Is ZEAL Network SE's Return-on-Tangible-Equity too high?
ZEAL Network SE's current Return-on-Tangible-Equity is Negative Tangible Equity%. Over the past 10 years, this metric has ranged from a low of 1.41 to a high of 122.78. Based on the distribution chart, ZEAL Network SE ranks #1 out of 792 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, ZEAL Network SE has a GF Score™ of 87/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ZEAL Network SE's Return-on-Tangible-Equity compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, ZEAL Network SE ranks #1 out of 792 companies for Return-on-Tangible-Equity. This places ZEAL Network SE in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.67. Historically, ZEAL Network SE's own Return-on-Tangible-Equity has ranged from 1.41 to 122.78 over the past decade. 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 Travel & Leisure company?
The median Return-on-Tangible-Equity among Travel & Leisure companies is 7.67, based on 792 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 ZEAL Network SE and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Equity is 7.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZEAL Network SE's current Return-on-Tangible-Equity is Negative Tangible Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZEAL Network SE stock overvalued right now?
Based on GuruFocus' analysis, ZEAL Network SE (STU:TIM) is currently considered Significantly Undervalued. The stock's GF Value™ is €69.80, compared to a current price of €44.30 — trading 36.5% below its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. ZEAL Network SE's overall GF Score™ is 87/100 with 2 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 ZEAL Network SE (STU:TIM), the current Return-on-Tangible-Equity is Negative Tangible Equity% 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 ZEAL Network SE (STU:TIM) Overvalued in 2026?
Based on GuruFocus' analysis, ZEAL Network SE stock appears to be undervalued.
The current stock price of €44.30 is trading 36.5% below its estimated GF Value™ of €69.80.
GuruFocus considers ZEAL Network SE to be Significantly Undervalued.
No single metric tells the full story. See the STU:TIM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ZEAL Network SE is an e-commerce group of companies company specializing in the area of online lottery. The company offers consumer-facing lottery-based games as well as business-to-business solutions. The operating business segments are Germany and Other. The ZEAL group now has more than one million active customers. ZEAL allows the participation in state-licensed lotteries via the LOTTO24 and Tipp24 brands and also offers its own lottery products. ZEAL operates under its owns brands namely ZEAL Instant Games, ZEAL Ventures and ZEAL Iberia.
87GF Score
Get the complete analysis for STU:TIM
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:TIM has been successfully added to your 
