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Investment Friends SEWAR:IFR 33 Return-on-Tangible-Equity is 1.56% as of Mar. 2026, which is 12% above its 10-year median of 1.39. GuruFocus rates WAR:IFR with a GF Score™ of 33/100 and a GF Value™ of zł0.49 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 526 Credit Services companies, Investment Friends SE ranks worse than 66.35% 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. Investment Friends SE's annualized net income for the quarter that ended in Mar. 2026 was zł0.10 Mil. Investment Friends SE's average shareholder tangible equity for the quarter that ended in Mar. 2026 was zł6.66 Mil. Therefore, Investment Friends SE's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 1.56%.
The historical rank and industry rank for Investment Friends SE's Return-on-Tangible-Equity or its related term are showing as below:
WAR:IFR'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -89.21 Med: 1.39 Max: 3.87
Current: 2.61
During the past 13 years, Investment Friends SE's highest Return-on-Tangible-Equity was 3.87%. The lowest was -89.21%. And the median was 1.39%.
WAR:IFR's Return-on-Tangible-Equity is ranked worse than 66.35% of 526
companies
in the Credit Services industry
Industry Median: 7.03
vs WAR:IFR: 2.61
Investment Friends SE (WAR:IFR) 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.
Investment Friends SE Return-on-Tangible-Equity Related Terms
Investment Friends SE Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Investment Friends 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.
Investment Friends SE Return-on-Tangible-Equity Chart
WAR:IFR vs V, MA, AXP: Return-on-Tangible-Equity Comparison
For the Credit Services subindustry, Investment Friends 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.
Investment Friends SE Return-on-Tangible-Equity vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Investment Friends SE's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Investment Friends 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 1.56% mean?
Investment Friends SE (WAR:IFR) has a Return-on-Tangible-Equity of 1.56% 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 Investment Friends SE and its competitors. This is 12% above median its historical median of 1.39. According to the industry distribution chart, Investment Friends SE ranks #349 out of 526 companies in the Credit Services industry, placing it in the top 66.3%.
Is Investment Friends SE's Return-on-Tangible-Equity too high?
Investment Friends SE's current Return-on-Tangible-Equity of 1.56% is 12% above median its 10-year median of 1.39. The Credit Services industry median Return-on-Tangible-Equity is 7.03. Investment Friends SE's value of 1.56% is 77.8% below this industry median. Based on the distribution chart, Investment Friends SE ranks #349 out of 526 companies in the Credit Services industry, which is below the industry midpoint. Overall, Investment Friends SE has a GF Score™ of 33/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Investment Friends SE's Return-on-Tangible-Equity compare to V and MA?
According to the Credit Services industry distribution chart, Investment Friends SE ranks #349 out of 526 companies for Return-on-Tangible-Equity. This places Investment Friends SE in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.03. Investment Friends SE's value of 1.56% is 77.8% below this benchmark. While the company's 10-year median is 1.39 vs. the industry median of 7.03, Investment Friends SE 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 Credit Services company?
The median Return-on-Tangible-Equity among Credit Services companies is 7.03, based on 526 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. Investment Friends SE's current Return-on-Tangible-Equity of 1.56% is 77.8% 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 Investment Friends SE and its competitors. For the Credit Services industry, the median Return-on-Tangible-Equity is 7.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Investment Friends SE's current Return-on-Tangible-Equity is 1.56%, which is 12% above median its own 10-year median of 1.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Investment Friends SE stock overvalued right now?
Based on GuruFocus' analysis, Investment Friends SE (WAR:IFR) is currently considered Possible Value Trap. The stock's GF Value™ is zł0.49, compared to a current price of zł0.12 — trading 76.5% below its estimated fair value. The current Return-on-Tangible-Equity is 1.56%, which is 12% above median its 10-year median of 1.39 and 77.8% below the Credit Services industry median of 7.03. Investment Friends SE's overall GF Score™ is 33/100 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 Investment Friends SE (WAR:IFR), the current Return-on-Tangible-Equity is 1.56% 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 Investment Friends SE (WAR:IFR) Overvalued in 2026?
Based on GuruFocus' analysis, Investment Friends SE stock appears to be undervalued.
The current stock price of zł0.12 is trading 76.5% below its estimated GF Value™ of zł0.49.
GuruFocus considers Investment Friends SE to be Possible Value Trap.
Key valuation signals for WAR:IFR:
Return-on-Tangible-Equity: 1.56% (12% above median its 10-year median of 1.39)
GF Value™: zł0.49 vs. price of zł0.12 (76.5% below fair value)
Industry Position: 77.8% below the Credit Services median (#349 of 526)
No single metric tells the full story. See the WAR:IFR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Investment Friends SE provides financial services, mainly granting loans and generating revenue from interest on loans granted. The company derives the majority of its revenue from customers in Estonia, with the remainder from Poland. Loans granted to related parties were subsequently invested by those entities in real estate and tradeable securities.
33GF Score
Get the complete analysis for WAR:IFR
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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