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. Ballard Power Systems's annualized net income for the quarter that ended in Mar. 2026 was CHF-35.88 Mil. Ballard Power Systems's average shareholder tangible equity for the quarter that ended in Mar. 2026 was CHF462.41 Mil. Therefore, Ballard Power Systems's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -7.76%.
The historical rank and industry rank for Ballard Power Systems's Return-on-Tangible-Equity or its related term are showing as below:
XSWX:BLDP'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -41.43 Med: -16.34 Max: -9.63
Current: -13.17
During the past 13 years, Ballard Power Systems's highest Return-on-Tangible-Equity was -9.63%. The lowest was -41.43%. And the median was -16.34%.
XSWX:BLDP's Return-on-Tangible-Equity is ranked worse than 88.12% of 2971
companies
in the Industrial Products industry
Industry Median: 6.74
vs XSWX:BLDP: -13.17
Ballard Power Systems (XSWX:BLDP) 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.
Ballard Power Systems Return-on-Tangible-Equity Related Terms
Ballard Power Systems Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Ballard Power Systems'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.
Ballard Power Systems Return-on-Tangible-Equity Chart
XSWX:BLDP vs VRT, BE: Return-on-Tangible-Equity Comparison
For the Electrical Equipment & Parts subindustry, Ballard Power Systems'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.
Ballard Power Systems Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ballard Power Systems's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ballard Power Systems'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 -7.76% mean?
Ballard Power Systems (XSWX:BLDP) has a Return-on-Tangible-Equity of -7.76% 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 Ballard Power Systems and its competitors. According to the industry distribution chart, Ballard Power Systems ranks #2618 out of 2971 companies in the Industrial Products industry, placing it in the top 88.1%.
Is Ballard Power Systems' Return-on-Tangible-Equity too high?
Ballard Power Systems' current Return-on-Tangible-Equity is -7.76%. Based on the distribution chart, Ballard Power Systems ranks #2618 out of 2971 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Ballard Power Systems has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Ballard Power Systems' Return-on-Tangible-Equity compare to VRT and BE?
According to the Industrial Products industry distribution chart, Ballard Power Systems ranks #2618 out of 2971 companies for Return-on-Tangible-Equity. This places Ballard Power Systems in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.74. 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 an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.74, based on 2,971 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 Ballard Power Systems and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ballard Power Systems's current Return-on-Tangible-Equity is -7.76%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ballard Power Systems stock overvalued right now?
Ballard Power Systems (XSWX:BLDP) has a current Return-on-Tangible-Equity of -7.76%. The stock's GF Value™ is CHF2.37, compared to a current price of CHF2.92 — trading 23.2% above its estimated fair value. The current Return-on-Tangible-Equity is -7.76%. Ballard Power Systems' overall GF Score™ is 70/100 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 Ballard Power Systems (XSWX:BLDP), the current Return-on-Tangible-Equity is -7.76% 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 Ballard Power Systems (XSWX:BLDP) Overvalued in 2026?
Based on GuruFocus' analysis, Ballard Power Systems stock appears to be overvalued.
The current stock price of CHF2.92 is trading 23.2% above its estimated GF Value™ of CHF2.37.
Key valuation signals for XSWX:BLDP:
Return-on-Tangible-Equity: -7.76%
GF Value™: CHF2.37 vs. price of CHF2.92 (23.2% above fair value)
No single metric tells the full story. See the XSWX:BLDP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ballard Power Systems Inc is engaged in design, development, manufacture, sale and service of proton exchange membrane ("PEM") fuel cell products for a variety of applications, focusing on power products for bus, truck, rail, marine, stationary and emerging market (material handling, off-road and other) applications, as well as the delivery of services, including technology solutions, after sales services and training. A fuel cell is an environmentally clean electrochemical device that combines hydrogen fuel with oxygen (from the air) to produce electricity. Key geographical revenue is derived from United States followed by Poland, Canada, and other countries.
70GF Score
Get the complete analysis for XSWX:BLDP
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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