UmicoreUMICF -0.27%61 Return-on-Tangible-Equity is 28.44% as of Dec. 2025, which is 110% above its 10-year median of 13.57. GuruFocus rates UMICF with a GF Score™ of 61/100 and a GF Value™ of $12.26 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 226 Waste Management companies, Umicore ranks better than 76.11% 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. Umicore's annualized net income for the quarter that ended in Dec. 2025 was $580 Mil. Umicore's average shareholder tangible equity for the quarter that ended in Dec. 2025 was $2,041 Mil. Therefore, Umicore's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 28.44%.
The historical rank and industry rank for Umicore's Return-on-Tangible-Equity or its related term are showing as below:
UMICF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -61.27 Med: 13.57 Max: 24.84
Current: 22.79
During the past 13 years, Umicore's highest Return-on-Tangible-Equity was 24.84%. The lowest was -61.27%. And the median was 13.57%.
UMICF's Return-on-Tangible-Equity is ranked better than 76.11% of 226
companies
in the Waste Management industry
Industry Median: 9.24
vs UMICF: 22.79
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.
Umicore Return-on-Tangible-Equity Related Terms
Umicore Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Umicore'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.
UMICF vs WM, RSG, WCN: Return-on-Tangible-Equity Comparison
For the Waste Management subindustry, Umicore'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.
Umicore Return-on-Tangible-Equity vs Waste Management Industry
For the Waste Management industry and Industrials sector, Umicore's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Umicore'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 28.44% mean?
Umicore (UMICF) has a Return-on-Tangible-Equity of 28.44% 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 Umicore and its competitors. This is 110% above median its historical median of 13.57. According to the industry distribution chart, Umicore ranks #54 out of 226 companies in the Waste Management industry, placing it in the top 23.9%.
Is Umicore's Return-on-Tangible-Equity too high?
Umicore's current Return-on-Tangible-Equity of 28.44% is 110% above median its 10-year median of 13.57. The Waste Management industry median Return-on-Tangible-Equity is 9.24. Umicore's value of 28.44% is 207.8% above this industry median. Based on the distribution chart, Umicore ranks #54 out of 226 companies in the Waste Management industry, which is in the top quartile — a strong position relative to peers. Overall, Umicore has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Umicore's Return-on-Tangible-Equity compare to WM and RSG?
According to the Waste Management industry distribution chart, Umicore ranks #54 out of 226 companies for Return-on-Tangible-Equity. This places Umicore in the top 24% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 9.24. Umicore's value of 28.44% is 207.8% above this benchmark. While the company's 10-year median is 13.57 vs. the industry median of 9.24, Umicore 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 Waste Management company?
The median Return-on-Tangible-Equity among Waste Management companies is 9.24, based on 226 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. Umicore's current Return-on-Tangible-Equity of 28.44% is 207.8% 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 Umicore and its competitors. For the Waste Management industry, the median Return-on-Tangible-Equity is 9.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Umicore's current Return-on-Tangible-Equity is 28.44%, which is 110% above median its own 10-year median of 13.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Umicore stock overvalued right now?
Based on GuruFocus' analysis, Umicore (UMICF) is currently considered Significantly Overvalued. The stock's GF Value™ is $12.26, compared to a current price of $22.08 — trading 80.1% above its estimated fair value. The current Return-on-Tangible-Equity is 28.44%, which is 110% above median its 10-year median of 13.57 and 207.8% above the Waste Management industry median of 9.24. Umicore's overall GF Score™ is 61/100 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 Umicore (UMICF), the current Return-on-Tangible-Equity is 28.44% 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 Umicore (UMICF) Overvalued in 2026?
Based on GuruFocus' analysis, Umicore stock appears to be overvalued.
The current stock price of $22.08 is trading 80.1% above its estimated GF Value™ of $12.26.
GuruFocus considers Umicore to be Significantly Overvalued.
Key valuation signals for UMICF:
Return-on-Tangible-Equity: 28.44% (110% above median its 10-year median of 13.57)
GF Value™: $12.26 vs. price of $22.08 (80.1% above fair value)
Industry Position: 207.8% above the Waste Management median (#54 of 226)
No single metric tells the full story. See the UMICF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Umicore SA is an advanced materials and recycling group. It operates in the business groups: Catalysis, Battery Materials, Specialty Materials, Recycling, and Corporate and Unallocated. Key revenue is derived from its Recycling segment, which treats complex waste streams containing precious and other specialty metals. The Battery Materials segment is engaged in developing, manufacturing, and marketing cathode materials (CAM) and its precursors (pCAM) for lithium-ion batteries. The Catalysis segment provides automotive catalysts for gasoline and diesel light and heavy-duty diesel applications, and the Specialty segment develops, manufactures, and distributes metal-based materials and chemicals for applications vital to everyday lives. Geographically, it derives majority revenue from Europe.
61GF Score
Get the complete analysis for UMICF
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
UMICF has been successfully added to your 
