TubacexXMAD:TUB 75 Return-on-Tangible-Equity is 2.90% as of Mar. 2026, which is 2% above its 10-year median of 2.85. GuruFocus rates XMAD:TUB with a GF Score™ of 75/100 and a GF Value™ of €2.87 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 614 Steel companies, Tubacex ranks worse than 91.04% 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. Tubacex's annualized net income for the quarter that ended in Mar. 2026 was €5.2 Mil. Tubacex's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €179.0 Mil. Therefore, Tubacex's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 2.90%.
The historical rank and industry rank for Tubacex's Return-on-Tangible-Equity or its related term are showing as below:
XMAD:TUB'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -30.88 Med: 2.85 Max: 30.98
Current: -19.68
During the past 13 years, Tubacex's highest Return-on-Tangible-Equity was 30.98%. The lowest was -30.88%. And the median was 2.85%.
XMAD:TUB's Return-on-Tangible-Equity is ranked worse than 91.04% of 614
companies
in the Steel industry
Industry Median: 3.95
vs XMAD:TUB: -19.68
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.
Tubacex Return-on-Tangible-Equity Related Terms
Tubacex Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Tubacex'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.
XMAD:TUB vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, Tubacex'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.
Tubacex Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Tubacex's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Tubacex'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 2.90% mean?
Tubacex (XMAD:TUB) has a Return-on-Tangible-Equity of 2.90% 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 Tubacex and its competitors. This is near median its historical median of 2.85. According to the industry distribution chart, Tubacex ranks #559 out of 614 companies in the Steel industry, placing it in the top 91%.
Is Tubacex's Return-on-Tangible-Equity too high?
Tubacex's current Return-on-Tangible-Equity of 2.90% is near median its 10-year median of 2.85. The Steel industry median Return-on-Tangible-Equity is 3.95. Tubacex's value of 2.90% is 26.6% below this industry median. Based on the distribution chart, Tubacex ranks #559 out of 614 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Tubacex has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tubacex's Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Tubacex ranks #559 out of 614 companies for Return-on-Tangible-Equity. This places Tubacex in the lower half of its industry. The industry median Return-on-Tangible-Equity is 3.95. Tubacex's value of 2.90% is 26.6% below this benchmark. While the company's 10-year median is 2.85 vs. the industry median of 3.95, Tubacex has consistently been below 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 Steel company?
The median Return-on-Tangible-Equity among Steel companies is 3.95, 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. Tubacex's current Return-on-Tangible-Equity of 2.90% is 26.6% 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 Tubacex and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 3.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tubacex's current Return-on-Tangible-Equity is 2.90%, which is near median its own 10-year median of 2.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tubacex stock overvalued right now?
Based on GuruFocus' analysis, Tubacex (XMAD:TUB) is currently considered Modestly Overvalued. The stock's GF Value™ is €2.87, compared to a current price of €3.42 — trading 19.2% above its estimated fair value. The current Return-on-Tangible-Equity is 2.90%, which is near median its 10-year median of 2.85 and 26.6% below the Steel industry median of 3.95. Tubacex's overall GF Score™ is 75/100 with 7 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 Tubacex (XMAD:TUB), the current Return-on-Tangible-Equity is 2.90% 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 Tubacex (XMAD:TUB) Overvalued in 2026?
Based on GuruFocus' analysis, Tubacex stock appears to be overvalued.
The current stock price of €3.42 is trading 19.2% above its estimated GF Value™ of €2.87.
GuruFocus considers Tubacex to be Modestly Overvalued.
Key valuation signals for XMAD:TUB:
Return-on-Tangible-Equity: 2.90% (near median its 10-year median of 2.85)
GF Value™: €2.87 vs. price of €3.42 (19.2% above fair value)
Industry Position: 26.6% below the Steel median (#559 of 614)
No single metric tells the full story. See the XMAD:TUB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tubacex SA together with its subsidiaries, manufactures and markets stainless steel and high-nickel alloy tubes and pipes. The company's product portfolio includes hollow bars, steel and fittings products. It primarily serves oil and gas, petrochemical, chemical and power generation industries. It also devotes part of its production to the mechanical industry, aerospace, food, water desalination, electronics, capital goods and new technologies among other industries. Group has its industrial facilities in the Spain, Austria, the United States, Italy, India, and Thailand. Most of the revenue is generated through the sale of goods and rest from the rendering of services.
75GF Score
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