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Black Sea PropertySTU:XE8 Return-on-Tangible-Equity is 5.85% as of Dec. 2025, which is 23% below its 10-year median of 7.60. The stock has 8 warning signs investors should review. Among 1,716 Real Estate companies, Black Sea Property ranks worse than 67.66% 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. Black Sea Property's annualized net income for the quarter that ended in Dec. 2025 was €2.89 Mil. Black Sea Property's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €49.35 Mil. Therefore, Black Sea Property's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 5.85%.
The historical rank and industry rank for Black Sea Property's Return-on-Tangible-Equity or its related term are showing as below:
STU:XE8'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -52.37 Med: 7.6 Max: 28.96
Current: 0.66
During the past 10 years, Black Sea Property's highest Return-on-Tangible-Equity was 28.96%. The lowest was -52.37%. And the median was 7.60%.
STU:XE8's Return-on-Tangible-Equity is ranked worse than 67.66% of 1716
companies
in the Real Estate industry
Industry Median: 4.27
vs STU:XE8: 0.66
Black Sea Property (STU:XE8) 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.
Black Sea Property Return-on-Tangible-Equity Related Terms
Black Sea Property Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Black Sea Property'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.
Black Sea Property Return-on-Tangible-Equity Chart
STU:XE8 vs CBRE, BEKE, JLL: Return-on-Tangible-Equity Comparison
For the Real Estate Services subindustry, Black Sea Property'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.
Black Sea Property Return-on-Tangible-Equity vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Black Sea Property's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Black Sea Property'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 5.85% mean?
Black Sea Property (STU:XE8) has a Return-on-Tangible-Equity of 5.85% 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 Black Sea Property and its competitors. This is 23% below median its historical median of 7.60. According to the industry distribution chart, Black Sea Property ranks #1161 out of 1716 companies in the Real Estate industry, placing it in the top 67.7%.
Is Black Sea Property's Return-on-Tangible-Equity too high?
Black Sea Property's current Return-on-Tangible-Equity of 5.85% is 23% below median its 10-year median of 7.60. The Real Estate industry median Return-on-Tangible-Equity is 4.27. Black Sea Property's value of 5.85% is 37% above this industry median. Based on the distribution chart, Black Sea Property ranks #1161 out of 1716 companies in the Real Estate industry, which is below the industry midpoint.
How does Black Sea Property's Return-on-Tangible-Equity compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Black Sea Property ranks #1161 out of 1716 companies for Return-on-Tangible-Equity. This places Black Sea Property in the lower half of its industry. The industry median Return-on-Tangible-Equity is 4.27. Black Sea Property's value of 5.85% is 37% above this benchmark. While the company's 10-year median is 7.60 vs. the industry median of 4.27, Black Sea Property 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 Real Estate company?
The median Return-on-Tangible-Equity among Real Estate companies is 4.27, based on 1,716 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. Black Sea Property's current Return-on-Tangible-Equity of 5.85% is 37% 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 Black Sea Property and its competitors. For the Real Estate industry, the median Return-on-Tangible-Equity is 4.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Black Sea Property's current Return-on-Tangible-Equity is 5.85%, which is 23% below median its own 10-year median of 7.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Sea Property stock overvalued right now?
Black Sea Property (STU:XE8) has a current Return-on-Tangible-Equity of 5.85%. The current Return-on-Tangible-Equity is 5.85%, which is 23% below median its 10-year median of 7.60 and 37% above the Real Estate industry median of 4.27. 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 Black Sea Property (STU:XE8), the current Return-on-Tangible-Equity is 5.85% 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.
Black Sea Property PLC is a real estate company focused on investments in Bulgaria. It seeks to generate capital gains through development, financing and sale of property in Bulgaria, including the prime areas of Bulgaria's Black Sea coast, the ski resorts and the capital, Sofia. The Board is seeking to create a diverse portfolio of opportunistic and value-added Bulgarian real estate assets, including development land, partially completed construction projects and completed buildings.
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