Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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. Coka duvanska industrija a.d's annualized net income for the quarter that ended in Dec. 2025 was RSD-44.8 Mil. Coka duvanska industrija a.d's average shareholder tangible equity for the quarter that ended in Dec. 2025 was RSD374.5 Mil. Therefore, Coka duvanska industrija a.d's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was -11.97%.
The historical rank and industry rank for Coka duvanska industrija a.d's Return-on-Tangible-Equity or its related term are showing as below:
XBEL:COKA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.3 Med: 11.89 Max: 26.88
Current: 0.3
During the past 13 years, Coka duvanska industrija a.d's highest Return-on-Tangible-Equity was 26.88%. The lowest was 0.30%. And the median was 11.89%.
XBEL:COKA's Return-on-Tangible-Equity is ranked worse than 84.09% of 44
companies
in the Tobacco Products industry
Industry Median: 25.395
vs XBEL:COKA: 0.30
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.
Coka duvanska industrija a.d Return-on-Tangible-Equity Related Terms
Coka duvanska industrija a.d Return-on-Tangible-Equity Historical Data
* 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.
XBEL:COKA vs PM, MO, TPB: Return-on-Tangible-Equity Comparison
For the Tobacco subindustry, Coka duvanska industrija a.d'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.
Coka duvanska industrija a.d Return-on-Tangible-Equity vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, Coka duvanska industrija a.d's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Coka duvanska industrija a.d'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 (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 -11.97% mean?
Coka duvanska industrija a.d (XBEL:COKA) has a Return-on-Tangible-Equity of -11.97% 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 Coka duvanska industrija a.d and its competitors. Over the past decade, Coka duvanska industrija a.d's Return-on-Tangible-Equity has ranged from 0.30 to 26.88. According to the industry distribution chart, Coka duvanska industrija a.d ranks #37 out of 44 companies in the Tobacco Products industry, placing it in the top 84.1%.
Is Coka duvanska industrija a.d's Return-on-Tangible-Equity too high?
Coka duvanska industrija a.d's current Return-on-Tangible-Equity is -11.97%. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 26.88. Based on the distribution chart, Coka duvanska industrija a.d ranks #37 out of 44 companies in the Tobacco Products industry, which is in the bottom quartile relative to peers. Overall, Coka duvanska industrija a.d has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Coka duvanska industrija a.d's Return-on-Tangible-Equity compare to PM and MO?
According to the Tobacco Products industry distribution chart, Coka duvanska industrija a.d ranks #37 out of 44 companies for Return-on-Tangible-Equity. This places Coka duvanska industrija a.d in the lower half of its industry. The industry median Return-on-Tangible-Equity is 25.40. Historically, Coka duvanska industrija a.d's own Return-on-Tangible-Equity has ranged from 0.30 to 26.88 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 Tobacco Products company?
The median Return-on-Tangible-Equity among Tobacco Products companies is 25.40, based on 44 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 Coka duvanska industrija a.d and its competitors. For the Tobacco Products industry, the median Return-on-Tangible-Equity is 25.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coka duvanska industrija a.d's current Return-on-Tangible-Equity is -11.97%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coka duvanska industrija a.d stock overvalued right now?
Based on GuruFocus' analysis, Coka duvanska industrija a.d (XBEL:COKA) is currently considered Fairly Valued. The stock's GF Value™ is RSD8,921.43, compared to a current price of RSD8,900.00 — trading 0.2% below its estimated fair value. The current Return-on-Tangible-Equity is -11.97%. Coka duvanska industrija a.d's overall GF Score™ is 59/100 with 8 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 Coka duvanska industrija a.d (XBEL:COKA), the current Return-on-Tangible-Equity is -11.97% 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 Coka duvanska industrija a.d (XBEL:COKA) Overvalued in 2026?
Based on GuruFocus' analysis, Coka duvanska industrija a.d stock appears to be undervalued.
The current stock price of RSD8,900.00 is trading 0.2% below its estimated GF Value™ of RSD8,921.43.
GuruFocus considers Coka duvanska industrija a.d to be Fairly Valued.
Key valuation signals for XBEL:COKA:
Return-on-Tangible-Equity: -11.97%
GF Value™: RSD8,921.43 vs. price of RSD8,900.00 (0.2% below fair value)
No single metric tells the full story. See the XBEL:COKA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Coka duvanska industrija a.d is a Serbia based company. It is engaged in the production and processing of raw tobacco. it is also engaged in the wholesale and retail trade of tobacco products.
59GF Score
Get the complete analysis for XBEL:COKA
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XBEL:COKA has been successfully added to your 
