Also Holding AGXSWX:ALSN +1.03%60 Return-on-Tangible-Equity is 14.66% as of Dec. 2025, which is 23% below its 10-year median of 18.97. GuruFocus rates XSWX:ALSN with a GF Score™ of 60/100 and a GF Value™ of CHF308.11 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 2,376 Hardware companies, Also Holding AG ranks better than 73.4% 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. Also Holding AG's annualized net income for the quarter that ended in Dec. 2025 was CHF124 Mil. Also Holding AG's average shareholder tangible equity for the quarter that ended in Dec. 2025 was CHF845 Mil. Therefore, Also Holding AG's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 14.66%.
The historical rank and industry rank for Also Holding AG's Return-on-Tangible-Equity or its related term are showing as below:
XSWX:ALSN'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 12.48 Med: 18.97 Max: 22.53
Current: 12.48
During the past 13 years, Also Holding AG's highest Return-on-Tangible-Equity was 22.53%. The lowest was 12.48%. And the median was 18.97%.
XSWX:ALSN's Return-on-Tangible-Equity is ranked better than 73.4% of 2376
companies
in the Hardware industry
Industry Median: 5.265
vs XSWX:ALSN: 12.48
Also Holding AG (XSWX:ALSN) 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.
Also Holding AG Return-on-Tangible-Equity Related Terms
Also Holding AG Return-on-Tangible-Equity Historical Data
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The historical data trend for Also Holding AG'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.
XSWX:ALSN vs SNX, ARW, AVT: Return-on-Tangible-Equity Comparison
For the Electronics & Computer Distribution subindustry, Also Holding AG'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.
Also Holding AG Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Also Holding AG's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Also Holding AG'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 14.66% mean?
Also Holding AG (XSWX:ALSN) has a Return-on-Tangible-Equity of 14.66% 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 Also Holding AG and its competitors. This is 23% below median its historical median of 18.97. Over the past decade, Also Holding AG's Return-on-Tangible-Equity has ranged from 12.48 to 22.53. According to the industry distribution chart, Also Holding AG ranks #632 out of 2376 companies in the Hardware industry, placing it in the top 26.6%.
Is Also Holding AG's Return-on-Tangible-Equity too high?
Also Holding AG's current Return-on-Tangible-Equity of 14.66% is 23% below median its 10-year median of 18.97. Over the past 10 years, this metric has ranged from a low of 12.48 to a high of 22.53. The Hardware industry median Return-on-Tangible-Equity is 5.27. Also Holding AG's value of 14.66% is 178.4% above this industry median. Based on the distribution chart, Also Holding AG ranks #632 out of 2376 companies in the Hardware industry, which is above the industry midpoint. Overall, Also Holding AG has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Also Holding AG's Return-on-Tangible-Equity compare to SNX and ARW?
According to the Hardware industry distribution chart, Also Holding AG ranks #632 out of 2376 companies for Return-on-Tangible-Equity. This puts Also Holding AG in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.27. Also Holding AG's value of 14.66% is 178.4% above this benchmark. Historically, Also Holding AG's own Return-on-Tangible-Equity has ranged from 12.48 to 22.53 over the past decade. While the company's 10-year median is 18.97 vs. the industry median of 5.27, Also Holding AG 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 Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.27, based on 2,376 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. Also Holding AG's current Return-on-Tangible-Equity of 14.66% is 178.4% 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 Also Holding AG and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Also Holding AG's current Return-on-Tangible-Equity is 14.66%, which is 23% below median its own 10-year median of 18.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Also Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Also Holding AG (XSWX:ALSN) is currently considered Possible Value Trap. The stock's GF Value™ is CHF308.11, compared to a current price of CHF195.40 — trading 36.6% below its estimated fair value. The current Return-on-Tangible-Equity is 14.66%, which is 23% below median its 10-year median of 18.97 and 178.4% above the Hardware industry median of 5.27. Also Holding AG's overall GF Score™ is 60/100 with 3 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 Also Holding AG (XSWX:ALSN), the current Return-on-Tangible-Equity is 14.66% 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 Also Holding AG (XSWX:ALSN) Overvalued in 2026?
Based on GuruFocus' analysis, Also Holding AG stock appears to be undervalued.
The current stock price of CHF195.40 is trading 36.6% below its estimated GF Value™ of CHF308.11.
GuruFocus considers Also Holding AG to be Possible Value Trap.
Key valuation signals for XSWX:ALSN:
Return-on-Tangible-Equity: 14.66% (23% below median its 10-year median of 18.97)
GF Value™: CHF308.11 vs. price of CHF195.40 (36.6% below fair value)
Industry Position: 178.4% above the Hardware median (#632 of 2376)
No single metric tells the full story. See the XSWX:ALSN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Also Holding AG is an information and communications technology distribution company. It distributes a wide portfolio of hardware, software, and digital products of various technology brands. The industries it caters to include information technology, data centers, consumer electronics, and telecommunications. It also connects service providers of cloud solutions with their customers and aids the provision of financial, logistics, and IT services. The company's operating segments are: Central Europe, which generates the maximum revenue, and Northern/Eastern Europe. Geographically, it derives maximum revenue from the United Kingdom, followed by Germany, Poland, Switzerland, and other markets.
60GF Score
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