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.
Industrial Capital Holding ADXBUL:HIKA 68 Return-on-Tangible-Equity is 14.52% as of Jun. 2026, which is 151% above its 10-year median of 5.79. GuruFocus rates XBUL:HIKA with a GF Score™ of 68/100 and a GF Value™ of €2.64 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 776 Capital Markets companies, Industrial Capital Holding AD ranks better than 56.31% 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. Industrial Capital Holding AD's annualized net income for the quarter that ended in Jun. 2026 was €4.5 Mil. Industrial Capital Holding AD's average shareholder tangible equity for the quarter that ended in Jun. 2026 was €30.8 Mil. Therefore, Industrial Capital Holding AD's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 14.52%.
The historical rank and industry rank for Industrial Capital Holding AD's Return-on-Tangible-Equity or its related term are showing as below:
XBUL:HIKA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.93 Med: 5.79 Max: 14.4
Current: 9.39
During the past 13 years, Industrial Capital Holding AD's highest Return-on-Tangible-Equity was 14.40%. The lowest was 2.93%. And the median was 5.79%.
XBUL:HIKA's Return-on-Tangible-Equity is ranked better than 56.31% of 776
companies
in the Capital Markets industry
Industry Median: 6.93
vs XBUL:HIKA: 9.39
Industrial Capital Holding AD (XBUL:HIKA) 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.
Industrial Capital Holding AD Return-on-Tangible-Equity Related Terms
Industrial Capital Holding 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.
Industrial Capital Holding AD Return-on-Tangible-Equity Chart
XBUL:HIKA vs MS, GS, SCHW: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, Industrial Capital Holding 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.
Industrial Capital Holding AD Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Industrial Capital Holding AD's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Industrial Capital Holding 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 (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 14.52% mean?
Industrial Capital Holding AD (XBUL:HIKA) has a Return-on-Tangible-Equity of 14.52% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Industrial Capital Holding AD and its competitors. This is 151% above median its historical median of 5.79. Over the past decade, Industrial Capital Holding AD's Return-on-Tangible-Equity has ranged from 2.93 to 14.40. According to the industry distribution chart, Industrial Capital Holding AD ranks #339 out of 776 companies in the Capital Markets industry, placing it in the top 43.7%.
Is Industrial Capital Holding AD's Return-on-Tangible-Equity too high?
Industrial Capital Holding AD's current Return-on-Tangible-Equity of 14.52% is 151% above median its 10-year median of 5.79. Over the past 10 years, this metric has ranged from a low of 2.93 to a high of 14.40. The Capital Markets industry median Return-on-Tangible-Equity is 6.93. Industrial Capital Holding AD's value of 14.52% is 109.5% above this industry median. Based on the distribution chart, Industrial Capital Holding AD ranks #339 out of 776 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Industrial Capital Holding AD has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Industrial Capital Holding AD's Return-on-Tangible-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, Industrial Capital Holding AD ranks #339 out of 776 companies for Return-on-Tangible-Equity. This puts Industrial Capital Holding AD in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.93. Industrial Capital Holding AD's value of 14.52% is 109.5% above this benchmark. Historically, Industrial Capital Holding AD's own Return-on-Tangible-Equity has ranged from 2.93 to 14.40 over the past decade. While the company's 10-year median is 5.79 vs. the industry median of 6.93, Industrial Capital Holding AD has consistently been above 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 Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.93, based on 776 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. Industrial Capital Holding AD's current Return-on-Tangible-Equity of 14.52% is 109.5% above 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 Industrial Capital Holding AD and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Industrial Capital Holding AD's current Return-on-Tangible-Equity is 14.52%, which is 151% above median its own 10-year median of 5.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Industrial Capital Holding AD stock overvalued right now?
Based on GuruFocus' analysis, Industrial Capital Holding AD (XBUL:HIKA) is currently considered Significantly Undervalued. The stock's GF Value™ is €2.64, compared to a current price of €1.20 — trading 54.5% below its estimated fair value. The current Return-on-Tangible-Equity is 14.52%, which is 151% above median its 10-year median of 5.79 and 109.5% above the Capital Markets industry median of 6.93. Industrial Capital Holding AD's overall GF Score™ is 68/100 with 5 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 Industrial Capital Holding AD (XBUL:HIKA), the current Return-on-Tangible-Equity is 14.52% as of Jun. 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 Industrial Capital Holding AD (XBUL:HIKA) Overvalued in 2026?
Based on GuruFocus' analysis, Industrial Capital Holding AD stock appears to be undervalued.
The current stock price of €1.20 is trading 54.5% below its estimated GF Value™ of €2.64.
GuruFocus considers Industrial Capital Holding AD to be Significantly Undervalued.
Key valuation signals for XBUL:HIKA:
Return-on-Tangible-Equity: 14.52% (151% above median its 10-year median of 5.79)
GF Value™: €2.64 vs. price of €1.20 (54.5% below fair value)
Industry Position: 109.5% above the Capital Markets median (#339 of 776)
No single metric tells the full story. See the XBUL:HIKA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Industrial Capital Holding AD is a Bulgaria-based holding company engaged in the evaluation, acquisition, management, and sale of shares in Bulgarian and foreign companies.
68GF Score
Get the complete analysis for XBUL:HIKA
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
XBUL:HIKA has been successfully added to your 
