Agencja Rozwoju InnowacjiWAR:ARI 37 Return-on-Tangible-Equity is -17.27% as of Mar. 2026. GuruFocus rates WAR:ARI with a GF Score™ of 37/100 and a GF Value™ of zł0.07 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,010 Business Services companies, Agencja Rozwoju Innowacji ranks worse than 93.76% 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. Agencja Rozwoju Innowacji's annualized net income for the quarter that ended in Mar. 2026 was zł-0.02 Mil. Agencja Rozwoju Innowacji's average shareholder tangible equity for the quarter that ended in Mar. 2026 was zł0.14 Mil. Therefore, Agencja Rozwoju Innowacji's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -17.27%.
The historical rank and industry rank for Agencja Rozwoju Innowacji's Return-on-Tangible-Equity or its related term are showing as below:
WAR:ARI'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -295.91 Med: -41.47 Max: 15.77
Current: -39.43
During the past 13 years, Agencja Rozwoju Innowacji's highest Return-on-Tangible-Equity was 15.77%. The lowest was -295.91%. And the median was -41.47%.
WAR:ARI's Return-on-Tangible-Equity is ranked worse than 93.76% of 1010
companies
in the Business Services industry
Industry Median: 10.57
vs WAR:ARI: -39.43
Agencja Rozwoju Innowacji (WAR:ARI) 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.
Agencja Rozwoju Innowacji Return-on-Tangible-Equity Related Terms
Agencja Rozwoju Innowacji Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Agencja Rozwoju Innowacji'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.
Agencja Rozwoju Innowacji Return-on-Tangible-Equity Chart
WAR:ARI vs CTAS, CPRT, ULS: Return-on-Tangible-Equity Comparison
For the Specialty Business Services subindustry, Agencja Rozwoju Innowacji'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.
Agencja Rozwoju Innowacji Return-on-Tangible-Equity vs Business Services Industry
For the Business Services industry and Industrials sector, Agencja Rozwoju Innowacji's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Agencja Rozwoju Innowacji'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 -17.27% mean?
Agencja Rozwoju Innowacji (WAR:ARI) has a Return-on-Tangible-Equity of -17.27% 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 Agencja Rozwoju Innowacji and its competitors. According to the industry distribution chart, Agencja Rozwoju Innowacji ranks #947 out of 1010 companies in the Business Services industry, placing it in the top 93.8%.
Is Agencja Rozwoju Innowacji's Return-on-Tangible-Equity too high?
Agencja Rozwoju Innowacji's current Return-on-Tangible-Equity is -17.27%. Based on the distribution chart, Agencja Rozwoju Innowacji ranks #947 out of 1010 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Agencja Rozwoju Innowacji has a GF Score™ of 37/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Agencja Rozwoju Innowacji's Return-on-Tangible-Equity compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Agencja Rozwoju Innowacji ranks #947 out of 1010 companies for Return-on-Tangible-Equity. This places Agencja Rozwoju Innowacji in the lower half of its industry. The industry median Return-on-Tangible-Equity is 10.57. 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 10.57, based on 1,010 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 Agencja Rozwoju Innowacji and its competitors. For the Business Services industry, the median Return-on-Tangible-Equity is 10.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Agencja Rozwoju Innowacji's current Return-on-Tangible-Equity is -17.27%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Agencja Rozwoju Innowacji stock overvalued right now?
Based on GuruFocus' analysis, Agencja Rozwoju Innowacji (WAR:ARI) is currently considered Significantly Overvalued. The stock's GF Value™ is zł0.07, compared to a current price of zł0.39 — trading 457.1% above its estimated fair value. The current Return-on-Tangible-Equity is -17.27%. Agencja Rozwoju Innowacji's overall GF Score™ is 37/100 with 1 warning sign 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 Agencja Rozwoju Innowacji (WAR:ARI), the current Return-on-Tangible-Equity is -17.27% 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 Agencja Rozwoju Innowacji (WAR:ARI) Overvalued in 2026?
Based on GuruFocus' analysis, Agencja Rozwoju Innowacji stock appears to be overvalued.
The current stock price of zł0.39 is trading 457.1% above its estimated GF Value™ of zł0.07.
GuruFocus considers Agencja Rozwoju Innowacji to be Significantly Overvalued.
Key valuation signals for WAR:ARI:
Return-on-Tangible-Equity: -17.27%
GF Value™: zł0.07 vs. price of zł0.39 (457.1% above fair value)
No single metric tells the full story. See the WAR:ARI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Agencja Rozwoju Innowacji SA offers Financial, Consulting and Training services. The services provided by the company are EU funding, grant application writing and settlement, financing new ideas, business consulting, and other related activities.
37GF Score
Get the complete analysis for WAR:ARI
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
WAR:ARI has been successfully added to your 
