Novem GroupWBO:NVM +1.55% Return-on-Tangible-Equity is -26.75% as of Mar. 2026. The stock has 6 warning signs investors should review. Among 1,285 Vehicles & Parts companies, Novem Group ranks better than 66.3% 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. Novem Group's annualized net income for the quarter that ended in Mar. 2026 was €-24.6 Mil. Novem Group's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €92.0 Mil. Therefore, Novem Group's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -26.75%.
The historical rank and industry rank for Novem Group's Return-on-Tangible-Equity or its related term are showing as below:
WBO:NVM'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 12.23 Med: 24.38 Max: 59.02
Current: 12.23
During the past 6 years, Novem Group's highest Return-on-Tangible-Equity was 59.02%. The lowest was 12.23%. And the median was 24.38%.
WBO:NVM's Return-on-Tangible-Equity is ranked better than 66.3% of 1285
companies
in the Vehicles & Parts industry
Industry Median: 7.49
vs WBO:NVM: 12.23
Novem Group (WBO:NVM) 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.
Novem Group Return-on-Tangible-Equity Related Terms
Novem Group Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Novem Group'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.
WBO:NVM vs ORLY, AZO: Return-on-Tangible-Equity Comparison
For the Auto Parts subindustry, Novem Group'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.
Novem Group Return-on-Tangible-Equity vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Novem Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Novem Group'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 -26.75% mean?
Novem Group (WBO:NVM) has a Return-on-Tangible-Equity of -26.75% 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 Novem Group and its competitors. Over the past decade, Novem Group's Return-on-Tangible-Equity has ranged from 12.23 to 59.02. According to the industry distribution chart, Novem Group ranks #433 out of 1285 companies in the Vehicles & Parts industry, placing it in the top 33.7%.
Is Novem Group's Return-on-Tangible-Equity too high?
Novem Group's current Return-on-Tangible-Equity is -26.75%. Over the past 10 years, this metric has ranged from a low of 12.23 to a high of 59.02. Based on the distribution chart, Novem Group ranks #433 out of 1285 companies in the Vehicles & Parts industry, which is above the industry midpoint.
How does Novem Group's Return-on-Tangible-Equity compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Novem Group ranks #433 out of 1285 companies for Return-on-Tangible-Equity. This puts Novem Group in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.49. Historically, Novem Group's own Return-on-Tangible-Equity has ranged from 12.23 to 59.02 over the past decade. 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 Vehicles & Parts company?
The median Return-on-Tangible-Equity among Vehicles & Parts companies is 7.49, based on 1,285 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 Novem Group and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Equity is 7.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Novem Group's current Return-on-Tangible-Equity is -26.75%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novem Group stock overvalued right now?
Novem Group (WBO:NVM) has a current Return-on-Tangible-Equity of -26.75%. The stock's GF Value™ is €7.63, compared to a current price of €2.62 — trading 65.7% below its estimated fair value. The current Return-on-Tangible-Equity is -26.75%. 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 Novem Group (WBO:NVM), the current Return-on-Tangible-Equity is -26.75% 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.
Novem Group SA operates as a developer, supplier, and system supplier for trim parts and decorative functional elements in vehicle interiors. The products of the company are central consoles, dashboards, beltlines, and others. The company operates in three reportable geographical segments namely Europe, Americas, and Asia. The business activities of these segments include the production, processing, and sale of high-quality trims and decorative functional elements in vehicle interiors. The three reportable operating segments of the Group are Europe, Americas, and Asia.
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