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Workspace GroupWKPPF 58 Return-on-Tangible-Equity is -7.17% as of Mar. 2026. GuruFocus rates WKPPF with a GF Score™ of 58/100 and a GF Value™ of $7.45 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 934 REITs companies, Workspace Group ranks worse than 91.86% 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. Workspace Group's annualized net income for the quarter that ended in Mar. 2026 was $-131.2 Mil. Workspace Group's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $1,828.6 Mil. Therefore, Workspace Group's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -7.17%.
The historical rank and industry rank for Workspace Group's Return-on-Tangible-Equity or its related term are showing as below:
WKPPF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -12.7 Med: 1.99 Max: 10.42
Current: -8.54
During the past 13 years, Workspace Group's highest Return-on-Tangible-Equity was 10.42%. The lowest was -12.70%. And the median was 1.99%.
WKPPF's Return-on-Tangible-Equity is ranked worse than 91.86% of 934
companies
in the REITs industry
Industry Median: 6.225
vs WKPPF: -8.54
Workspace Group (OTCPK:WKPPF) 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.
Workspace Group Return-on-Tangible-Equity Related Terms
Workspace Group Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Workspace 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.
WKPPF vs BXP, ARE, VNO: Return-on-Tangible-Equity Comparison
For the REIT - Office subindustry, Workspace 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.
Workspace Group Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Workspace Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Workspace 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 two times the semi-annual (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 -7.17% mean?
Workspace Group (WKPPF) has a Return-on-Tangible-Equity of -7.17% 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 Workspace Group and its competitors. According to the industry distribution chart, Workspace Group ranks #858 out of 934 companies in the REITs industry, placing it in the top 91.9%.
Is Workspace Group's Return-on-Tangible-Equity too high?
Workspace Group's current Return-on-Tangible-Equity is -7.17%. Based on the distribution chart, Workspace Group ranks #858 out of 934 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Workspace Group has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Workspace Group's Return-on-Tangible-Equity compare to BXP and ARE?
According to the REITs industry distribution chart, Workspace Group ranks #858 out of 934 companies for Return-on-Tangible-Equity. This places Workspace Group in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.23. 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 REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.23, based on 934 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 Workspace Group and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Workspace Group's current Return-on-Tangible-Equity is -7.17%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Workspace Group stock overvalued right now?
Based on GuruFocus' analysis, Workspace Group (WKPPF) is currently considered Possible Value Trap. The stock's GF Value™ is $7.45, compared to a current price of $4.60 — trading 38.3% below its estimated fair value. The current Return-on-Tangible-Equity is -7.17%. Workspace Group's overall GF Score™ is 58/100 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 Workspace Group (WKPPF), the current Return-on-Tangible-Equity is -7.17% 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 Workspace Group (WKPPF) Overvalued in 2026?
Based on GuruFocus' analysis, Workspace Group stock appears to be undervalued.
The current stock price of $4.60 is trading 38.3% below its estimated GF Value™ of $7.45.
GuruFocus considers Workspace Group to be Possible Value Trap.
Key valuation signals for WKPPF:
Return-on-Tangible-Equity: -7.17%
GF Value™: $7.45 vs. price of $4.60 (38.3% below fair value)
No single metric tells the full story. See the WKPPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Workspace Group PLC is a real estate investment trust engaged in the acquisition, design, development, and ownership of office buildings throughout London. The company mainly focuses on leasing office properties to new and growing companies. The real estate assets in Workspace's portfolio are clustered around the London area of Farringdon and elsewhere in northern and central London. The company derives the vast majority of its income in the form of rental revenue from tenants organized into short-term leases. Workspace's tenants include marketing, business consultancy, fashion, finance, software, and architectural firms.
58GF Score
Get the complete analysis for WKPPF
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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