Tubos Reunidos (XMAD:TRG) Return-on-Tangible-Equity: 0.00% (As of Dec. 2025)


XMAD:TRG Tubos Reunidos SA XMAD:TRG
13 GF Score
Price €0.14
GF Value €0.49
Valuation Possible Value Trap
! 4 Warning Signs
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What is Tubos Reunidos Return-on-Tangible-Equity?

Tubos Reunidos XMAD:TRG 13 Return-on-Tangible-Equity is 0.00% as of Dec. 2025. GuruFocus rates XMAD:TRG with a GF Score™ of 13/100 and a GF Value™ of €0.49 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 614 Steel companies, Tubos Reunidos ranks worse than 162866.29% 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. Tubos Reunidos's annualized net income for the quarter that ended in Dec. 2025 was €-179.2 Mil. Tubos Reunidos's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €-44.0 Mil. Therefore, Tubos Reunidos's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was N/A%.

The historical rank and industry rank for Tubos Reunidos's Return-on-Tangible-Equity or its related term are showing as below:

During the past 13 years, Tubos Reunidos's highest Return-on-Tangible-Equity was 217.81%. The lowest was -642.29%. And the median was -28.20%.

XMAD:TRG's Return-on-Tangible-Equity is not ranked *
in the Steel industry.
Industry Median: 4.01
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Tubos Reunidos  (XMAD:TRG) 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.


Tubos Reunidos Return-on-Tangible-Equity Related Terms


Tubos Reunidos Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Tubos Reunidos'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.

Tubos Reunidos Return-on-Tangible-Equity Chart

Tubos Reunidos Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 Negative Tangible Equity Negative Tangible Equity 217.81 0.00

Tubos Reunidos Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,056.27 380.77 -72.84 -434.35 0.00

XMAD:TRG vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison

For the Steel subindustry, Tubos Reunidos'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.


Tubos Reunidos Return-on-Tangible-Equity vs Steel Industry

For the Steel industry and Basic Materials sector, Tubos Reunidos's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Tubos Reunidos's Return-on-Tangible-Equity falls into.


XMAD:TRG
13GF Score
Tubos Reunidos SA XMAD:TRG
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tubos Reunidos Return-on-Tangible-Equity Calculation

Tubos Reunidos's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=-118.054/( (24.682+-89.432 )/ 2 )
=-118.054/-32.375
=N/A %

Tubos Reunidos's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=-179.208/( (1.518+-89.432)/ 2 )
=-179.208/-43.957
=N/A %

* 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 0.00% mean?
Tubos Reunidos (XMAD:TRG) has a Return-on-Tangible-Equity of 0.00% 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 Tubos Reunidos and its competitors. According to the industry distribution chart, Tubos Reunidos ranks #999999 out of 614 companies in the Steel industry.
Is Tubos Reunidos' Return-on-Tangible-Equity too high?
Tubos Reunidos' current Return-on-Tangible-Equity is 0.00%. Based on the distribution chart, Tubos Reunidos ranks #999999 out of 614 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Tubos Reunidos has a GF Score™ of 13/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tubos Reunidos' Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Tubos Reunidos ranks #999999 out of 614 companies for Return-on-Tangible-Equity. This places Tubos Reunidos in the lower half of its industry. The industry median Return-on-Tangible-Equity is 4.01. 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 Steel company?
The median Return-on-Tangible-Equity among Steel companies is 4.01, based on 614 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 Tubos Reunidos and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 4.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tubos Reunidos's current Return-on-Tangible-Equity is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tubos Reunidos stock overvalued right now?
Based on GuruFocus' analysis, Tubos Reunidos (XMAD:TRG) is currently considered Possible Value Trap. The stock's GF Value™ is €0.49, compared to a current price of €0.14 — trading 70.7% below its estimated fair value. The current Return-on-Tangible-Equity is 0.00%. Tubos Reunidos' overall GF Score™ is 13/100 with 4 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 Tubos Reunidos (XMAD:TRG), the current Return-on-Tangible-Equity is 0.00% 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 Tubos Reunidos (XMAD:TRG) Overvalued in 2026?

Based on GuruFocus' analysis, Tubos Reunidos stock appears to be undervalued. The current stock price of €0.14 is trading 70.7% below its estimated GF Value™ of €0.49. GuruFocus considers Tubos Reunidos to be Possible Value Trap.

Key valuation signals for XMAD:TRG:

  • Return-on-Tangible-Equity: 0.00%
  • GF Value™: €0.49 vs. price of €0.14 (70.7% below fair value)
  • GF Score™: 13/100 with 4 warning signs

No single metric tells the full story. See the XMAD:TRG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tubos Reunidos Business Description

Other Exchanges 0KD2:UKTU1:Germany
Address Barrio de Sagarribai, 2, Amurrio, Alava, ESP, 01470
Tubos Reunidos SA is a holding company. The company operates in the areas of the seamless tube, distribution, automotive and other sectors. Its products are essentially required by the energy sector; Oil and Gas, electrical power generation and petrochemical industry, as well as by machinery and special industrial applications. The product portfolio includes tubes manufactured in carbon, alloyed, high allowed and stainless, steels.
13GF Score

Get the complete analysis for XMAD:TRG

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.14
Price
€0.49
GF Value