Veolia EnvironnementVEOEY +2.45%81 Return-on-Tangible-Equity is Negative Tangible Equity% as of Dec. 2025. GuruFocus rates VEOEY with a GF Score™ of 81/100 and a GF Value™ of $16.29 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 226 Waste Management companies, Veolia Environnement ranks better than 99.56% 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. Veolia Environnement's annualized net income for the quarter that ended in Dec. 2025 was $1,311 Mil. Veolia Environnement's average shareholder tangible equity for the quarter that ended in Dec. 2025 was $-10,199 Mil. Therefore, Veolia Environnement's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was Negative Tangible Equity%.
The historical rank and industry rank for Veolia Environnement's Return-on-Tangible-Equity or its related term are showing as below:
VEOEY'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0
Current: Negative Tangible Equity
VEOEY's Return-on-Tangible-Equity is ranked better than 99.56% of 226
companies
in the Waste Management industry
Industry Median: 9.14
vs VEOEY: Negative Tangible Equity
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.
Veolia Environnement Return-on-Tangible-Equity Related Terms
Veolia Environnement Return-on-Tangible-Equity Historical Data
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The historical data trend for Veolia Environnement'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.
VEOEY vs WM, RSG, WCN: Return-on-Tangible-Equity Comparison
For the Waste Management subindustry, Veolia Environnement'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.
Veolia Environnement Return-on-Tangible-Equity vs Waste Management Industry
For the Waste Management industry and Industrials sector, Veolia Environnement's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Veolia Environnement'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 Negative Tangible Equity% mean?
Veolia Environnement (VEOEY) has a Return-on-Tangible-Equity of Negative Tangible Equity% 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 Veolia Environnement and its competitors. According to the industry distribution chart, Veolia Environnement ranks #1 out of 226 companies in the Waste Management industry, placing it in the top 0.40000000000001%.
Is Veolia Environnement's Return-on-Tangible-Equity too high?
Veolia Environnement's current Return-on-Tangible-Equity is Negative Tangible Equity%. Based on the distribution chart, Veolia Environnement ranks #1 out of 226 companies in the Waste Management industry, which is in the top quartile — a strong position relative to peers. Overall, Veolia Environnement has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Veolia Environnement's Return-on-Tangible-Equity compare to WM and RSG?
According to the Waste Management industry distribution chart, Veolia Environnement ranks #1 out of 226 companies for Return-on-Tangible-Equity. This places Veolia Environnement in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 9.14. 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 9.14, 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. 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 Veolia Environnement and its competitors. For the Waste Management industry, the median Return-on-Tangible-Equity is 9.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Veolia Environnement'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 Veolia Environnement stock overvalued right now?
Based on GuruFocus' analysis, Veolia Environnement (VEOEY) is currently considered Modestly Overvalued. The stock's GF Value™ is $16.29, compared to a current price of $20.90 — trading 28.3% above its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Veolia Environnement's overall GF Score™ is 81/100 with 10 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 Veolia Environnement (VEOEY), the current Return-on-Tangible-Equity is Negative Tangible Equity% 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 Veolia Environnement (VEOEY) Overvalued in 2026?
Based on GuruFocus' analysis, Veolia Environnement stock appears to be overvalued.
The current stock price of $20.90 is trading 28.3% above its estimated GF Value™ of $16.29.
GuruFocus considers Veolia Environnement to be Modestly Overvalued.
No single metric tells the full story. See the VEOEY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Veolia is the largest water company globally and a leading player in France. It is also involved in waste management with significant exposure to France, the United Kingdom, Germany, the United States, and Australia. The third pillar of the group is energy services, giving the group significant exposure to Central Europe. Veolia started to refocus its activities in 2011, leading to the exit of almost half of its countries and its transport activity The integration of most activities of Suez in 2022 drove an EBITDA increase of nearly 40%.
81GF Score
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