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Euro-Tax plWAR:ETX -0.64%87 Return-on-Tangible-Equity is 4.61% as of Mar. 2026, which is 94% below its 10-year median of 80.44. GuruFocus rates WAR:ETX with a GF Score™ of 87/100 and a GF Value™ of zł4.08 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 85 Personal Services companies, Euro-Tax pl ranks better than 80% 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. Euro-Tax pl's annualized net income for the quarter that ended in Mar. 2026 was zł0.18 Mil. Euro-Tax pl's average shareholder tangible equity for the quarter that ended in Mar. 2026 was zł3.81 Mil. Therefore, Euro-Tax pl's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 4.61%.
The historical rank and industry rank for Euro-Tax pl's Return-on-Tangible-Equity or its related term are showing as below:
WAR:ETX'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.64 Med: 80.44 Max: 167.57
Current: 167.57
During the past 13 years, Euro-Tax pl's highest Return-on-Tangible-Equity was 167.57%. The lowest was 10.64%. And the median was 80.44%.
WAR:ETX's Return-on-Tangible-Equity is ranked better than 80% of 85
companies
in the Personal Services industry
Industry Median: 13.17
vs WAR:ETX: 167.57
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.
Euro-Tax pl Return-on-Tangible-Equity Related Terms
Euro-Tax pl Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Euro-Tax pl'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:ETX vs ROL, SCI, FTDR: Return-on-Tangible-Equity Comparison
For the Personal Services subindustry, Euro-Tax pl'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.
Euro-Tax pl Return-on-Tangible-Equity vs Personal Services Industry
For the Personal Services industry and Consumer Cyclical sector, Euro-Tax pl's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Euro-Tax pl'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 4.61% mean?
Euro-Tax pl (WAR:ETX) has a Return-on-Tangible-Equity of 4.61% 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 Euro-Tax pl and its competitors. This is 94% below median its historical median of 80.44. Over the past decade, Euro-Tax pl's Return-on-Tangible-Equity has ranged from 10.64 to 167.57. According to the industry distribution chart, Euro-Tax pl ranks #17 out of 85 companies in the Personal Services industry, placing it in the top 20%.
Is Euro-Tax pl's Return-on-Tangible-Equity too high?
Euro-Tax pl's current Return-on-Tangible-Equity of 4.61% is 94% below median its 10-year median of 80.44. Over the past 10 years, this metric has ranged from a low of 10.64 to a high of 167.57. The Personal Services industry median Return-on-Tangible-Equity is 13.17. Euro-Tax pl's value of 4.61% is 65% below this industry median. Based on the distribution chart, Euro-Tax pl ranks #17 out of 85 companies in the Personal Services industry, which is in the top quartile — a strong position relative to peers. Overall, Euro-Tax pl has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Euro-Tax pl's Return-on-Tangible-Equity compare to ROL and SCI?
According to the Personal Services industry distribution chart, Euro-Tax pl ranks #17 out of 85 companies for Return-on-Tangible-Equity. This places Euro-Tax pl in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 13.17. Euro-Tax pl's value of 4.61% is 65% below this benchmark. Historically, Euro-Tax pl's own Return-on-Tangible-Equity has ranged from 10.64 to 167.57 over the past decade. While the company's 10-year median is 80.44 vs. the industry median of 13.17, Euro-Tax pl has consistently been below 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 Personal Services company?
The median Return-on-Tangible-Equity among Personal Services companies is 13.17, based on 85 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. Euro-Tax pl's current Return-on-Tangible-Equity of 4.61% is 65% below 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 Euro-Tax pl and its competitors. For the Personal Services industry, the median Return-on-Tangible-Equity is 13.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Euro-Tax pl's current Return-on-Tangible-Equity is 4.61%, which is 94% below median its own 10-year median of 80.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Euro-Tax pl stock overvalued right now?
Based on GuruFocus' analysis, Euro-Tax pl (WAR:ETX) is currently considered Modestly Undervalued. The stock's GF Value™ is zł4.08, compared to a current price of zł3.10 — trading 24% below its estimated fair value. The current Return-on-Tangible-Equity is 4.61%, which is 94% below median its 10-year median of 80.44 and 65% below the Personal Services industry median of 13.17. Euro-Tax pl's overall GF Score™ is 87/100 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 Euro-Tax pl (WAR:ETX), the current Return-on-Tangible-Equity is 4.61% 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 Euro-Tax pl (WAR:ETX) Overvalued in 2026?
Based on GuruFocus' analysis, Euro-Tax pl stock appears to be undervalued.
The current stock price of zł3.10 is trading 24% below its estimated GF Value™ of zł4.08.
GuruFocus considers Euro-Tax pl to be Modestly Undervalued.
Key valuation signals for WAR:ETX:
Return-on-Tangible-Equity: 4.61% (94% below median its 10-year median of 80.44)
GF Value™: zł4.08 vs. price of zł3.10 (24% below fair value)
Industry Position: 65% below the Personal Services median (#17 of 85)
No single metric tells the full story. See the WAR:ETX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Euro-Tax pl SA is a financial service provider for the polish emigrants. The company offers tax assessment and repayment services through recruitment and employment agencies. It also invests in the development of IT systems and the improvement of customer service processes.
87GF Score
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