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Fon SEWAR:FON -2.17%70 Return-on-Tangible-Equity is 6.60% as of Mar. 2026. GuruFocus rates WAR:FON with a GF Score™ of 70/100 and a GF Value™ of zł2.67 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 525 Credit Services companies, Fon SE ranks worse than 50.67% 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. Fon SE's annualized net income for the quarter that ended in Mar. 2026 was zł1.56 Mil. Fon SE's average shareholder tangible equity for the quarter that ended in Mar. 2026 was zł23.71 Mil. Therefore, Fon SE's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 6.60%.
The historical rank and industry rank for Fon SE's Return-on-Tangible-Equity or its related term are showing as below:
WAR:FON'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -45.61 Med: -1.16 Max: 8.42
Current: 6.8
During the past 13 years, Fon SE's highest Return-on-Tangible-Equity was 8.42%. The lowest was -45.61%. And the median was -1.16%.
WAR:FON's Return-on-Tangible-Equity is ranked worse than 50.67% of 525
companies
in the Credit Services industry
Industry Median: 7.01
vs WAR:FON: 6.80
Fon SE (WAR:FON) 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.
Fon SE Return-on-Tangible-Equity Related Terms
Fon SE Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Fon SE'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:FON vs V, MA, AXP: Return-on-Tangible-Equity Comparison
For the Credit Services subindustry, Fon SE'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.
Fon SE Return-on-Tangible-Equity vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Fon SE's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Fon SE'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 6.60% mean?
Fon SE (WAR:FON) has a Return-on-Tangible-Equity of 6.60% 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 Fon SE and its competitors. According to the industry distribution chart, Fon SE ranks #266 out of 525 companies in the Credit Services industry, placing it in the top 50.7%.
Is Fon SE's Return-on-Tangible-Equity too high?
Fon SE's current Return-on-Tangible-Equity is 6.60%. The Credit Services industry median Return-on-Tangible-Equity is 7.01. Fon SE's value of 6.60% is 5.8% below this industry median. Based on the distribution chart, Fon SE ranks #266 out of 525 companies in the Credit Services industry, which is below the industry midpoint. Overall, Fon SE has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Fon SE's Return-on-Tangible-Equity compare to V and MA?
According to the Credit Services industry distribution chart, Fon SE ranks #266 out of 525 companies for Return-on-Tangible-Equity. This places Fon SE in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.01. Fon SE's value of 6.60% is 5.8% below this benchmark. 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 Credit Services company?
The median Return-on-Tangible-Equity among Credit Services companies is 7.01, based on 525 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. Fon SE's current Return-on-Tangible-Equity of 6.60% is 5.8% 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 Fon SE and its competitors. For the Credit Services industry, the median Return-on-Tangible-Equity is 7.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fon SE's current Return-on-Tangible-Equity is 6.60%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fon SE stock overvalued right now?
Based on GuruFocus' analysis, Fon SE (WAR:FON) is currently considered Possible Value Trap. The stock's GF Value™ is zł2.67, compared to a current price of zł1.80 — trading 32.6% below its estimated fair value. The current Return-on-Tangible-Equity is 6.60% and 5.8% below the Credit Services industry median of 7.01. Fon SE's overall GF Score™ is 70/100 with 3 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 Fon SE (WAR:FON), the current Return-on-Tangible-Equity is 6.60% 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 Fon SE (WAR:FON) Overvalued in 2026?
Based on GuruFocus' analysis, Fon SE stock appears to be undervalued.
The current stock price of zł1.80 is trading 32.6% below its estimated GF Value™ of zł2.67.
GuruFocus considers Fon SE to be Possible Value Trap.
Key valuation signals for WAR:FON:
Return-on-Tangible-Equity: 6.60%
GF Value™: zł2.67 vs. price of zł1.80 (32.6% below fair value)
Industry Position: 5.8% below the Credit Services median (#266 of 525)
No single metric tells the full story. See the WAR:FON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fon SE is engaged in financial activities and capital investments. The company offers medium-term cash loans to retail clients and small businesses and generates revenue through interest on loans granted. Geographically, it derives a majority of its revenue from its customers in Poland and the rest from Estonia.
70GF Score
Get the complete analysis for WAR:FON
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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