MadkomWAR:MAD -1.48%79 Return-on-Tangible-Equity is 651.02% as of Mar. 2026, which is 343% above its 10-year median of 147.05. GuruFocus rates WAR:MAD with a GF Score™ of 79/100 and a GF Value™ of zł2.80 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,466 Software companies, Madkom ranks better than 99.92% 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. Madkom's annualized net income for the quarter that ended in Mar. 2026 was zł5.91 Mil. Madkom's average shareholder tangible equity for the quarter that ended in Mar. 2026 was zł0.91 Mil. Therefore, Madkom's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 651.02%.
The historical rank and industry rank for Madkom's Return-on-Tangible-Equity or its related term are showing as below:
WAR:MAD'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -309.36 Med: 147.05 Max: 17626.67
Current: Negative Tangible Equity
During the past 13 years, Madkom's highest Return-on-Tangible-Equity was 17,626.67%. The lowest was -309.36%. And the median was 147.05%.
WAR:MAD's Return-on-Tangible-Equity is ranked better than 99.92% of 2466
companies
in the Software industry
Industry Median: 8.67
vs WAR:MAD: 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.
Madkom Return-on-Tangible-Equity Related Terms
Madkom Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Madkom'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:MAD vs UBER, SHOP, CRM: Return-on-Tangible-Equity Comparison
For the Software - Application subindustry, Madkom'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.
Madkom Return-on-Tangible-Equity vs Software Industry
For the Software industry and Technology sector, Madkom's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Madkom'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 651.02% mean?
Madkom (WAR:MAD) has a Return-on-Tangible-Equity of 651.02% 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 Madkom and its competitors. This is 343% above median its historical median of 147.05. According to the industry distribution chart, Madkom ranks #2 out of 2466 companies in the Software industry, placing it in the top 0.099999999999994%.
Is Madkom's Return-on-Tangible-Equity too high?
Madkom's current Return-on-Tangible-Equity of 651.02% is 343% above median its 10-year median of 147.05. The Software industry median Return-on-Tangible-Equity is 8.67. Madkom's value of 651.02% is 7408.9% above this industry median. Based on the distribution chart, Madkom ranks #2 out of 2466 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Madkom has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Madkom's Return-on-Tangible-Equity compare to UBER and SHOP?
According to the Software industry distribution chart, Madkom ranks #2 out of 2466 companies for Return-on-Tangible-Equity. This places Madkom in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.67. Madkom's value of 651.02% is 7408.9% above this benchmark. While the company's 10-year median is 147.05 vs. the industry median of 8.67, Madkom has consistently been above 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 Software company?
The median Return-on-Tangible-Equity among Software companies is 8.67, based on 2,466 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. Madkom's current Return-on-Tangible-Equity of 651.02% is 7408.9% above 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 Madkom and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 8.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Madkom's current Return-on-Tangible-Equity is 651.02%, which is 343% above median its own 10-year median of 147.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Madkom stock overvalued right now?
Based on GuruFocus' analysis, Madkom (WAR:MAD) is currently considered Fairly Valued. The stock's GF Value™ is zł2.80, compared to a current price of zł2.66 — trading 5% below its estimated fair value. The current Return-on-Tangible-Equity is 651.02%, which is 343% above median its 10-year median of 147.05 and 7408.9% above the Software industry median of 8.67. Madkom's overall GF Score™ is 79/100 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 Madkom (WAR:MAD), the current Return-on-Tangible-Equity is 651.02% 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 Madkom (WAR:MAD) Overvalued in 2026?
Based on GuruFocus' analysis, Madkom stock appears to be undervalued.
The current stock price of zł2.66 is trading 5% below its estimated GF Value™ of zł2.80.
GuruFocus considers Madkom to be Fairly Valued.
Key valuation signals for WAR:MAD:
Return-on-Tangible-Equity: 651.02% (343% above median its 10-year median of 147.05)
GF Value™: zł2.80 vs. price of zł2.66 (5% below fair value)
Industry Position: 7408.9% above the Software median (#2 of 2466)
No single metric tells the full story. See the WAR:MAD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Madkom SA is a supplier and integrator of authoring software for document management, information and processes in public administration. The products of the company include SIDAS EZD, a Electronic Document Management System; SIDAS AZ, is a tool for public administration; SIDAS BUDGET, is a system designed for local government administration units; SIDAS Goniec, is an application for mobile devices intended for messengers; SIDAS BIP, is a specialized IT system; and others.
79GF Score
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