Tomra Systems ASATMRAY -2.88%86 Return-on-Tangible-Equity is -12.28% as of Mar. 2026. GuruFocus rates TMRAY with a GF Score™ of 86/100 and a GF Value™ of $15.28 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 225 Waste Management companies, Tomra Systems ASA ranks better than 86.67% 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. Tomra Systems ASA's annualized net income for the quarter that ended in Mar. 2026 was $-14 Mil. Tomra Systems ASA's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $113 Mil. Therefore, Tomra Systems ASA's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -12.28%.
The historical rank and industry rank for Tomra Systems ASA's Return-on-Tangible-Equity or its related term are showing as below:
TMRAY'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 26.06 Med: 47.86 Max: 79.23
Current: 79.23
During the past 13 years, Tomra Systems ASA's highest Return-on-Tangible-Equity was 79.23%. The lowest was 26.06%. And the median was 47.86%.
TMRAY's Return-on-Tangible-Equity is ranked better than 86.67% of 225
companies
in the Waste Management industry
Industry Median: 9.1
vs TMRAY: 79.23
Tomra Systems ASA (OTCPK:TMRAY) 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.
Tomra Systems ASA Return-on-Tangible-Equity Related Terms
Tomra Systems ASA Return-on-Tangible-Equity Historical Data
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The historical data trend for Tomra Systems ASA'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.
TMRAY vs WM, RSG, WCN: Return-on-Tangible-Equity Comparison
For the Waste Management subindustry, Tomra Systems ASA'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.
Tomra Systems ASA Return-on-Tangible-Equity vs Waste Management Industry
For the Waste Management industry and Industrials sector, Tomra Systems ASA's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Tomra Systems ASA'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 -12.28% mean?
Tomra Systems ASA (TMRAY) has a Return-on-Tangible-Equity of -12.28% 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 Tomra Systems ASA and its competitors. Over the past decade, Tomra Systems ASA's Return-on-Tangible-Equity has ranged from 26.06 to 79.23. According to the industry distribution chart, Tomra Systems ASA ranks #30 out of 225 companies in the Waste Management industry, placing it in the top 13.3%.
Is Tomra Systems ASA's Return-on-Tangible-Equity too high?
Tomra Systems ASA's current Return-on-Tangible-Equity is -12.28%. Over the past 10 years, this metric has ranged from a low of 26.06 to a high of 79.23. Based on the distribution chart, Tomra Systems ASA ranks #30 out of 225 companies in the Waste Management industry, which is in the top quartile — a strong position relative to peers. Overall, Tomra Systems ASA has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tomra Systems ASA's Return-on-Tangible-Equity compare to WM and RSG?
According to the Waste Management industry distribution chart, Tomra Systems ASA ranks #30 out of 225 companies for Return-on-Tangible-Equity. This places Tomra Systems ASA in the top 13% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 9.10. Historically, Tomra Systems ASA's own Return-on-Tangible-Equity has ranged from 26.06 to 79.23 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 Waste Management company?
The median Return-on-Tangible-Equity among Waste Management companies is 9.10, based on 225 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 Tomra Systems ASA and its competitors. For the Waste Management industry, the median Return-on-Tangible-Equity is 9.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tomra Systems ASA's current Return-on-Tangible-Equity is -12.28%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tomra Systems ASA stock overvalued right now?
Based on GuruFocus' analysis, Tomra Systems ASA (TMRAY) is currently considered Significantly Undervalued. The stock's GF Value™ is $15.28, compared to a current price of $9.28 — trading 39.3% below its estimated fair value. The current Return-on-Tangible-Equity is -12.28%. Tomra Systems ASA's overall GF Score™ is 86/100 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 Tomra Systems ASA (TMRAY), the current Return-on-Tangible-Equity is -12.28% 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 Tomra Systems ASA (TMRAY) Overvalued in 2026?
Based on GuruFocus' analysis, Tomra Systems ASA stock appears to be undervalued.
The current stock price of $9.28 is trading 39.3% below its estimated GF Value™ of $15.28.
GuruFocus considers Tomra Systems ASA to be Significantly Undervalued.
Key valuation signals for TMRAY:
Return-on-Tangible-Equity: -12.28%
GF Value™: $15.28 vs. price of $9.28 (39.3% below fair value)
No single metric tells the full story. See the TMRAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tomra Systems ASA provides sorting and recycling solutions to equip customers for handling waste. The company creates and delivers sensor-based solutions that contribute to optimal resource productivity, in packaging, collection, compaction, recycling, ore sorting, and food production. It provides reverse vending machines, sensor-based sorting machines integrated post-harvest solutions, sensors for waste sorting applications, and other related products and solutions. The company's operating segments are; TOMRA Collection which generates key revenue, TOMRA Recycling, TOMRA Horizon, and TOMRA Food. Geographically, the company generates maximum revenue from Europe region followed by America, Asia, and Oceania.
86GF Score
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