Vinci (XSWX:DG) Return-on-Tangible-Equity: Negative Tangible Equity% (As of Dec. 2025)


XSWX:DG Vinci SA XSWX:DG
91 GF Score
Price CHF114.10
GF Value CHF110.14
! 8 Warning Signs
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What is Vinci Return-on-Tangible-Equity?

Vinci XSWX:DG 91 Return-on-Tangible-Equity is Negative Tangible Equity% as of Dec. 2025. GuruFocus rates XSWX:DG with a GF Score™ of 91/100 and a GF Value™ of CHF110.14. The stock has 8 warning signs investors should review. Among 1,711 Construction companies, Vinci ranks better than 99.94% 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. Vinci's annualized net income for the quarter that ended in Dec. 2025 was CHF5,612 Mil. Vinci's average shareholder tangible equity for the quarter that ended in Dec. 2025 was CHF-28,523 Mil. Therefore, Vinci'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 Vinci's Return-on-Tangible-Equity or its related term are showing as below:

XSWX:DG' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0   Med: 0   Max: 0
Current: Negative Tangible Equity

XSWX:DG's Return-on-Tangible-Equity is ranked better than
99.94% of 1711 companies
in the Construction industry
Industry Median: 8.23 vs XSWX:DG: Negative Tangible Equity

Vinci  (XSWX:DG) 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.


Vinci Return-on-Tangible-Equity Related Terms


Vinci Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Vinci'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.

Vinci Return-on-Tangible-Equity Chart

Vinci 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 Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity

Vinci 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 Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity

XSWX:DG vs PWR, FIX, EME: Return-on-Tangible-Equity Comparison

For the Engineering & Construction subindustry, Vinci'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.


Vinci Return-on-Tangible-Equity vs Construction Industry

For the Construction industry and Industrials sector, Vinci's Return-on-Tangible-Equity distribution charts can be found below:

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


XSWX:DG
91GF Score
Vinci SA XSWX:DG
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vinci Return-on-Tangible-Equity Calculation

Vinci'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 )
=4575.176/( (-28969.065+-27705.806 )/ 2 )
=4575.176/-28337.4355
=Negative Tangible Equity %

Vinci'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 )
=5611.892/( (-29340.856+-27705.806)/ 2 )
=5611.892/-28523.331
=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?
Vinci (XSWX:DG) 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 Vinci and its competitors. According to the industry distribution chart, Vinci ranks #1 out of 1711 companies in the Construction industry, placing it in the top 0.099999999999994%.
Is Vinci's Return-on-Tangible-Equity too high?
Vinci's current Return-on-Tangible-Equity is Negative Tangible Equity%. Based on the distribution chart, Vinci ranks #1 out of 1711 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Vinci has a GF Score™ of 91/100, reflecting its overall financial health beyond just this single metric.
How does Vinci's Return-on-Tangible-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, Vinci ranks #1 out of 1711 companies for Return-on-Tangible-Equity. This places Vinci in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.23. 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 Construction company?
The median Return-on-Tangible-Equity among Construction companies is 8.23, based on 1,711 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 Vinci and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vinci'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 Vinci stock overvalued right now?
Vinci (XSWX:DG) has a current Return-on-Tangible-Equity of Negative Tangible Equity%. The stock's GF Value™ is CHF110.14, compared to a current price of CHF114.10 — trading 3.6% above its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Vinci's overall GF Score™ is 91/100 with 8 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 Vinci (XSWX:DG), 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 Vinci (XSWX:DG) Overvalued in 2026?

Based on GuruFocus' analysis, Vinci stock appears to be overvalued. The current stock price of CHF114.10 is trading 3.6% above its estimated GF Value™ of CHF110.14.

Key valuation signals for XSWX:DG:

  • Return-on-Tangible-Equity: Negative Tangible Equity%
  • GF Value™: CHF110.14 vs. price of CHF114.10 (3.6% above fair value)
  • GF Score™: 91/100 with 8 warning signs

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


Vinci Business Description

Address 1973, Boulevard de la Defense, Nanterre, Paris, FRA, 92000
Vinci is one of the world's largest owners of transport infrastructure. Its concession assets include 4,400 kilometers of toll roads in France and 72 airports across 14 countries, making Vinci the world's largest airport operator in terms of managed passenger numbers. The concession's business contributes less than one fifth of group revenue but the majority of operating profit. Vinci's contracting business provides a broad variety of energy and and construction services. France contributes 41% of group revenue.
91GF Score

Get the complete analysis for XSWX:DG

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

CHF114.10
Price
CHF110.14
GF Value