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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. Bulgarian River Shipping AD's annualized net income for the quarter that ended in Mar. 2026 was €1.36 Mil. Bulgarian River Shipping AD's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €34.57 Mil. Therefore, Bulgarian River Shipping AD's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 3.93%.
The historical rank and industry rank for Bulgarian River Shipping AD's Return-on-Tangible-Equity or its related term are showing as below:
XBUL:BRP'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -9.41 Med: -0.34 Max: 6.13
Current: -0.16
During the past 13 years, Bulgarian River Shipping AD's highest Return-on-Tangible-Equity was 6.13%. The lowest was -9.41%. And the median was -0.34%.
XBUL:BRP's Return-on-Tangible-Equity is ranked worse than 83.11% of 977
companies
in the Transportation industry
Industry Median: 8.98
vs XBUL:BRP: -0.16
Bulgarian River Shipping AD (XBUL:BRP) 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.
Bulgarian River Shipping AD Return-on-Tangible-Equity Related Terms
Bulgarian River Shipping AD 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.
Bulgarian River Shipping AD Return-on-Tangible-Equity Chart
XBUL:BRP vs KEX: Return-on-Tangible-Equity Comparison
For the Marine Shipping subindustry, Bulgarian River Shipping AD'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.
Bulgarian River Shipping AD Return-on-Tangible-Equity vs Transportation Industry
For the Transportation industry and Industrials sector, Bulgarian River Shipping AD's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Bulgarian River Shipping AD'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 3.93% mean?
Bulgarian River Shipping AD (XBUL:BRP) has a Return-on-Tangible-Equity of 3.93% 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 Bulgarian River Shipping AD and its competitors. According to the industry distribution chart, Bulgarian River Shipping AD ranks #812 out of 977 companies in the Transportation industry, placing it in the top 83.1%.
Is Bulgarian River Shipping AD's Return-on-Tangible-Equity too high?
Bulgarian River Shipping AD's current Return-on-Tangible-Equity is 3.93%. The Transportation industry median Return-on-Tangible-Equity is 8.98. Bulgarian River Shipping AD's value of 3.93% is 56.2% below this industry median. Based on the distribution chart, Bulgarian River Shipping AD ranks #812 out of 977 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Bulgarian River Shipping AD has a GF Score™ of 21/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bulgarian River Shipping AD's Return-on-Tangible-Equity compare to KEX?
According to the Transportation industry distribution chart, Bulgarian River Shipping AD ranks #812 out of 977 companies for Return-on-Tangible-Equity. This places Bulgarian River Shipping AD in the lower half of its industry. The industry median Return-on-Tangible-Equity is 8.98. Bulgarian River Shipping AD's value of 3.93% is 56.2% below this benchmark. 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 Transportation company?
The median Return-on-Tangible-Equity among Transportation companies is 8.98, based on 977 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. Bulgarian River Shipping AD's current Return-on-Tangible-Equity of 3.93% is 56.2% 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 Bulgarian River Shipping AD and its competitors. For the Transportation industry, the median Return-on-Tangible-Equity is 8.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bulgarian River Shipping AD's current Return-on-Tangible-Equity is 3.93%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bulgarian River Shipping AD stock overvalued right now?
Based on GuruFocus' analysis, Bulgarian River Shipping AD (XBUL:BRP) is currently considered Significantly Undervalued. The stock's GF Value™ is €0.46, compared to a current price of €0.32 — trading 30.9% below its estimated fair value. The current Return-on-Tangible-Equity is 3.93% and 56.2% below the Transportation industry median of 8.98. Bulgarian River Shipping AD's overall GF Score™ is 21/100 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 Bulgarian River Shipping AD (XBUL:BRP), the current Return-on-Tangible-Equity is 3.93% 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 Bulgarian River Shipping AD (XBUL:BRP) Overvalued in 2026?
Based on GuruFocus' analysis, Bulgarian River Shipping AD stock appears to be undervalued.
The current stock price of €0.32 is trading 30.9% below its estimated GF Value™ of €0.46.
GuruFocus considers Bulgarian River Shipping AD to be Significantly Undervalued.
Key valuation signals for XBUL:BRP:
Return-on-Tangible-Equity: 3.93%
GF Value™: €0.46 vs. price of €0.32 (30.9% below fair value)
Industry Position: 56.2% below the Transportation median (#812 of 977)
No single metric tells the full story. See the XBUL:BRP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bulgarian River Shipping AD operates in the transportation industry. The company provides ferry services for passengers, transport of mass and general cargos, transport non-dangerous goods and fuels, and transport of large-scale and concentrated loads.
21GF Score
Get the complete analysis for XBUL:BRP
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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