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. Aforti Holding's annualized net income for the quarter that ended in Mar. 2026 was zł9.8 Mil. Aforti Holding's average shareholder tangible equity for the quarter that ended in Mar. 2026 was zł-217.8 Mil. Therefore, Aforti Holding'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 Aforti Holding's Return-on-Tangible-Equity or its related term are showing as below:
WAR:AFH'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.49 Med: 11.37 Max: 56.12
Current: Negative Tangible Equity
During the past 13 years, Aforti Holding's highest Return-on-Tangible-Equity was 56.12%. The lowest was 1.49%. And the median was 11.37%.
WAR:AFH's Return-on-Tangible-Equity is not ranked
in the Business Services industry.
Industry Median: 10.56
vs WAR:AFH: 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.
Aforti Holding Return-on-Tangible-Equity Related Terms
Aforti Holding Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Aforti Holding'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.
WAR:AFH vs CTAS, GPN, ARMK: Return-on-Tangible-Equity Comparison
For the Specialty Business Services subindustry, Aforti Holding'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.
Aforti Holding Return-on-Tangible-Equity vs Business Services Industry
For the Business Services industry and Industrials sector, Aforti Holding's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Aforti Holding'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?
Aforti Holding (WAR:AFH) 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 Aforti Holding and its competitors. Over the past decade, Aforti Holding's Return-on-Tangible-Equity has ranged from 1.49 to 56.12.
Is Aforti Holding's Return-on-Tangible-Equity too high?
Aforti Holding's current Return-on-Tangible-Equity is Negative Tangible Equity%. Over the past 10 years, this metric has ranged from a low of 1.49 to a high of 56.12. Overall, Aforti Holding has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Aforti Holding's Return-on-Tangible-Equity compare to CTAS and GPN?
Aforti Holding's Return-on-Tangible-Equity of Negative Tangible Equity% can be compared against companies in the Business Services industry. The industry median Return-on-Tangible-Equity is 10.56. Historically, Aforti Holding's own Return-on-Tangible-Equity has ranged from 1.49 to 56.12 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 Business Services company?
The median Return-on-Tangible-Equity among Business Services companies is 10.56, based on 1,009 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 Aforti Holding and its competitors. For the Business Services industry, the median Return-on-Tangible-Equity is 10.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aforti Holding'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 Aforti Holding stock overvalued right now?
Aforti Holding (WAR:AFH) has a current Return-on-Tangible-Equity of Negative Tangible Equity%. The stock's GF Value™ is zł7.67, compared to a current price of zł2.50 — trading 67.4% below its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Aforti Holding's overall GF Score™ is 8/100 with 8 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 Aforti Holding (WAR:AFH), 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 Aforti Holding (WAR:AFH) Overvalued in 2026?
Based on GuruFocus' analysis, Aforti Holding stock appears to be undervalued.
The current stock price of zł2.50 is trading 67.4% below its estimated GF Value™ of zł7.67.
No single metric tells the full story. See the WAR:AFH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aforti Holding SA is a financial group that offers services in private and corporate finance. The company addresses the needs of Entrepreneurs as well as companies of the SME sector by offering a wide range of financial services that support business development, such as financing the company operations, online foreign exchange, management of liabilities, or factoring. It operates in Warsaw, Szczecin, Poznan, Cracow, Rzeszow, Rybnik, and Katowice.
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