Virtualware 2007 (XPAR:ALVIR) Return-on-Tangible-Equity: Negative Tangible Equity% (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

XPAR:ALVIR Virtualware 2007 SA XPAR:ALVIR
50 GF Score
Price €4.02
GF Value €8.84
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Virtualware 2007 Return-on-Tangible-Equity?

Virtualware 2007 XPAR:ALVIR -3.37% 50 Return-on-Tangible-Equity is Negative Tangible Equity% as of Dec. 2025. GuruFocus rates XPAR:ALVIR with a GF Score™ of 50/100 and a GF Value™ of €8.84 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 2,480 Software companies, Virtualware 2007 ranks worse than 40322.54% 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. Virtualware 2007's annualized net income for the quarter that ended in Dec. 2025 was €0.07 Mil. Virtualware 2007's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €-1.15 Mil. Therefore, Virtualware 2007's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was Negative Tangible Equity%.

The historical rank and industry rank for Virtualware 2007's Return-on-Tangible-Equity or its related term are showing as below:

XPAR:ALVIR's Return-on-Tangible-Equity is not ranked *
in the Software industry.
Industry Median: 8.845
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Virtualware 2007  (XPAR:ALVIR) 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.


Virtualware 2007 Return-on-Tangible-Equity Related Terms


Virtualware 2007 Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Virtualware 2007'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.

Virtualware 2007 Return-on-Tangible-Equity Chart

Virtualware 2007 Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
0.00 Negative Tangible Equity 0.00 Negative Tangible Equity 0.00

Virtualware 2007 Semi-Annual Data
Dec21 Dec22 Dec23 Dec24 Jun25 Dec25
Return-on-Tangible-Equity Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 Negative Tangible Equity

XPAR:ALVIR vs MSFT, ORCL, PLTR: Return-on-Tangible-Equity Comparison

For the Software - Infrastructure subindustry, Virtualware 2007'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.


Virtualware 2007 Return-on-Tangible-Equity vs Software Industry

For the Software industry and Technology sector, Virtualware 2007's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Virtualware 2007's Return-on-Tangible-Equity falls into.


XPAR:ALVIR
50GF Score
Virtualware 2007 SA XPAR:ALVIR
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Virtualware 2007 Return-on-Tangible-Equity Calculation

Virtualware 2007'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 )
=-0.265/( (-0.74+-1.116 )/ 2 )
=-0.265/-0.928
=N/A %

Virtualware 2007'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 )
=0.068/( (-1.179+-1.116)/ 2 )
=0.068/-1.1475
=Negative Tangible Equity %

* 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 Negative Tangible Equity% mean?
Virtualware 2007 (XPAR:ALVIR) has a Return-on-Tangible-Equity of Negative Tangible Equity% 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 Virtualware 2007 and its competitors. According to the industry distribution chart, Virtualware 2007 ranks #999999 out of 2480 companies in the Software industry.
Is Virtualware 2007's Return-on-Tangible-Equity too high?
Virtualware 2007's current Return-on-Tangible-Equity is Negative Tangible Equity%. Based on the distribution chart, Virtualware 2007 ranks #999999 out of 2480 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Virtualware 2007 has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Virtualware 2007's Return-on-Tangible-Equity compare to MSFT and ORCL?
According to the Software industry distribution chart, Virtualware 2007 ranks #999999 out of 2480 companies for Return-on-Tangible-Equity. This places Virtualware 2007 in the lower half of its industry. The industry median Return-on-Tangible-Equity is 8.85. 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 8.85, based on 2,480 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 Virtualware 2007 and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 8.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Virtualware 2007's current Return-on-Tangible-Equity is Negative Tangible Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Virtualware 2007 stock overvalued right now?
Based on GuruFocus' analysis, Virtualware 2007 (XPAR:ALVIR) is currently considered Possible Value Trap. The stock's GF Value™ is €8.84, compared to a current price of €4.02 — trading 54.5% below its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Virtualware 2007's overall GF Score™ is 50/100 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 Virtualware 2007 (XPAR:ALVIR), the current Return-on-Tangible-Equity is Negative Tangible Equity% 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 Virtualware 2007 (XPAR:ALVIR) Overvalued in 2026?

Based on GuruFocus' analysis, Virtualware 2007 stock appears to be undervalued. The current stock price of €4.02 is trading 54.5% below its estimated GF Value™ of €8.84. GuruFocus considers Virtualware 2007 to be Possible Value Trap.

Key valuation signals for XPAR:ALVIR:

  • Return-on-Tangible-Equity: Negative Tangible Equity%
  • GF Value™: €8.84 vs. price of €4.02 (54.5% below fair value)
  • GF Score™: 50/100 with 5 warning signs

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


Virtualware 2007 Business Description

Address Poligono Industrial Artunduaga- C/ Usausuaga, 7, 1st floor, Basauri, Vizcaya, Bilbao, ESP, 48970
Virtualware 2007 SA is engaged in the development of software and provides services including security consultancy, telecommunications systems consultancy, IT services, 3D modelling, draughting, and technology consultancy. The company also offers projection system rentals and training on technology-related matters, with the majority of its revenue generated from Spain.
50GF Score

Get the complete analysis for XPAR:ALVIR

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

€4.02
Price
€8.84
GF Value