Substrate Artificial InteligenceXMAD:SAI +2.60% Return-on-Tangible-Equity is -121.63% as of Dec. 2025. The stock has 7 warning signs investors should review. Among 2,469 Software companies, Substrate Artificial Inteligence ranks worse than 87.32% on this metric.
The historical rank and industry rank for Substrate Artificial Inteligence's Return-on-Tangible-Equity or its related term are showing as below:
XMAD:SAI'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -53.47 Med: 59.2 Max: 171.86
Current: -52.25
During the past 5 years, Substrate Artificial Inteligence's highest Return-on-Tangible-Equity was 171.86%. The lowest was -53.47%. And the median was 59.20%.
XMAD:SAI's Return-on-Tangible-Equity is ranked worse than 87.32% of 2469
companies
in the Software industry
Industry Median: 8.62
vs XMAD:SAI: -52.25
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.
Substrate Artificial Inteligence Return-on-Tangible-Equity Related Terms
Substrate Artificial Inteligence 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.
XMAD:SAI vs MSFT, ORCL, PLTR: Return-on-Tangible-Equity Comparison
For the Software - Infrastructure subindustry, Substrate Artificial Inteligence'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.
Substrate Artificial Inteligence Return-on-Tangible-Equity vs Software Industry
For the Software industry and Technology sector, Substrate Artificial Inteligence's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Substrate Artificial Inteligence'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 -121.63% mean?
Substrate Artificial Inteligence (XMAD:SAI) has a Return-on-Tangible-Equity of -121.63% 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 Substrate Artificial Inteligence and its competitors. According to the industry distribution chart, Substrate Artificial Inteligence ranks #2156 out of 2469 companies in the Software industry, placing it in the top 87.3%.
Is Substrate Artificial Inteligence's Return-on-Tangible-Equity too high?
Substrate Artificial Inteligence's current Return-on-Tangible-Equity is -121.63%. Based on the distribution chart, Substrate Artificial Inteligence ranks #2156 out of 2469 companies in the Software industry, which is in the bottom quartile relative to peers.
How does Substrate Artificial Inteligence's Return-on-Tangible-Equity compare to MSFT and ORCL?
According to the Software industry distribution chart, Substrate Artificial Inteligence ranks #2156 out of 2469 companies for Return-on-Tangible-Equity. This places Substrate Artificial Inteligence in the lower half of its industry. The industry median Return-on-Tangible-Equity is 8.62. 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 Software company?
The median Return-on-Tangible-Equity among Software companies is 8.62, based on 2,469 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 Substrate Artificial Inteligence and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 8.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Substrate Artificial Inteligence's current Return-on-Tangible-Equity is -121.63%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Substrate Artificial Inteligence stock overvalued right now?
Based on GuruFocus' analysis, Substrate Artificial Inteligence (XMAD:SAI) is currently considered Possible Value Trap. The stock's GF Value™ is €0.20, compared to a current price of €0.04 — trading 80.3% below its estimated fair value. The current Return-on-Tangible-Equity is -121.63%. 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 Substrate Artificial Inteligence (XMAD:SAI), the current Return-on-Tangible-Equity is -121.63% 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.
Substrate Artificial Inteligence Business Description
Substrate Artificial Inteligence SA is an Artificial Intelligence company in Spain. Its software is applied in agritech, energy, industry, fintech, human resources, or health sectors. Its technology is easy to implement and allows it to address all the problems faced by companies in the digitization and streamlining of their processes, optimizing decision-making and generating great cost savings.
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