Wereldhave NVWRDEF 58 Return-on-Tangible-Equity is 2.36% as of Dec. 2025, which is 45% below its 10-year median of 4.26. GuruFocus rates WRDEF with a GF Score™ of 58/100 and a GF Value™ of $18.08 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 933 REITs companies, Wereldhave NV ranks better than 55.52% 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. Wereldhave NV's annualized net income for the quarter that ended in Dec. 2025 was $29.8 Mil. Wereldhave NV's average shareholder tangible equity for the quarter that ended in Dec. 2025 was $1,263.3 Mil. Therefore, Wereldhave NV's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 2.36%.
The historical rank and industry rank for Wereldhave NV's Return-on-Tangible-Equity or its related term are showing as below:
WRDEF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -22.73 Med: 4.26 Max: 11.67
Current: 6.91
During the past 13 years, Wereldhave NV's highest Return-on-Tangible-Equity was 11.67%. The lowest was -22.73%. And the median was 4.26%.
WRDEF's Return-on-Tangible-Equity is ranked better than 55.52% of 933
companies
in the REITs industry
Industry Median: 6.26
vs WRDEF: 6.91
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.
Wereldhave NV Return-on-Tangible-Equity Related Terms
Wereldhave NV Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Wereldhave NV'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.
WRDEF vs SPG, O, KIM: Return-on-Tangible-Equity Comparison
For the REIT - Retail subindustry, Wereldhave NV'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.
Wereldhave NV Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Wereldhave NV's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Wereldhave NV'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 (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 2.36% mean?
Wereldhave NV (WRDEF) has a Return-on-Tangible-Equity of 2.36% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Wereldhave NV and its competitors. This is 45% below median its historical median of 4.26. According to the industry distribution chart, Wereldhave NV ranks #415 out of 933 companies in the REITs industry, placing it in the top 44.5%.
Is Wereldhave NV's Return-on-Tangible-Equity too high?
Wereldhave NV's current Return-on-Tangible-Equity of 2.36% is 45% below median its 10-year median of 4.26. The REITs industry median Return-on-Tangible-Equity is 6.26. Wereldhave NV's value of 2.36% is 62.3% below this industry median. Based on the distribution chart, Wereldhave NV ranks #415 out of 933 companies in the REITs industry, which is above the industry midpoint. Overall, Wereldhave NV has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wereldhave NV's Return-on-Tangible-Equity compare to SPG and O?
According to the REITs industry distribution chart, Wereldhave NV ranks #415 out of 933 companies for Return-on-Tangible-Equity. This puts Wereldhave NV in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.26. Wereldhave NV's value of 2.36% is 62.3% below this benchmark. While the company's 10-year median is 4.26 vs. the industry median of 6.26, Wereldhave NV 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 REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.26, based on 933 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. Wereldhave NV's current Return-on-Tangible-Equity of 2.36% is 62.3% 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 Wereldhave NV and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wereldhave NV's current Return-on-Tangible-Equity is 2.36%, which is 45% below median its own 10-year median of 4.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wereldhave NV stock overvalued right now?
Based on GuruFocus' analysis, Wereldhave NV (WRDEF) is currently considered Significantly Overvalued. The stock's GF Value™ is $18.08, compared to a current price of $25.75 — trading 42.4% above its estimated fair value. The current Return-on-Tangible-Equity is 2.36%, which is 45% below median its 10-year median of 4.26 and 62.3% below the REITs industry median of 6.26. Wereldhave NV's overall GF Score™ is 58/100 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 Wereldhave NV (WRDEF), the current Return-on-Tangible-Equity is 2.36% as of Dec. 2025. 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 Wereldhave NV (WRDEF) Overvalued in 2026?
Based on GuruFocus' analysis, Wereldhave NV stock appears to be overvalued.
The current stock price of $25.75 is trading 42.4% above its estimated GF Value™ of $18.08.
GuruFocus considers Wereldhave NV to be Significantly Overvalued.
Key valuation signals for WRDEF:
Return-on-Tangible-Equity: 2.36% (45% below median its 10-year median of 4.26)
GF Value™: $18.08 vs. price of $25.75 (42.4% above fair value)
Industry Position: 62.3% below the REITs median (#415 of 933)
No single metric tells the full story. See the WRDEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wereldhave NV is a Dutch real estate investment company that owns and operates shopping centers in northwest continental Europe. The company's properties are located in large regional cities in the Netherlands, Belgium, Luxembourg, and France. Its Full Service Centers contribute to a finer everyday life for visitors and finer business for tenants by offering a one-stop location for groceries, shopping, leisure, relaxation, sports, health, work, and other daily needs. The group principally generates revenue from leasing retail space to tenants, which include fashion and accessories stores, restaurants and cafes, consumer electronics retailers, and homeware and household shops.
58GF Score
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