Flatexdegiro SEXSWX:FTK 83 Return-on-Tangible-Equity is 37.31% as of Dec. 2025, which is 13% below its 10-year median of 43.03. GuruFocus rates XSWX:FTK with a GF Score™ of 83/100 and a GF Value™ of CHF18.70. The stock has 2 warning signs investors should review. Among 783 Capital Markets companies, Flatexdegiro SE ranks better than 90.17% 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. Flatexdegiro SE's annualized net income for the quarter that ended in Dec. 2025 was CHF147.2 Mil. Flatexdegiro SE's average shareholder tangible equity for the quarter that ended in Dec. 2025 was CHF394.4 Mil. Therefore, Flatexdegiro SE's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 37.31%.
The historical rank and industry rank for Flatexdegiro SE's Return-on-Tangible-Equity or its related term are showing as below:
XSWX:FTK'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 17.57 Med: 43.03 Max: 68.91
Current: 41.02
During the past 13 years, Flatexdegiro SE's highest Return-on-Tangible-Equity was 68.91%. The lowest was 17.57%. And the median was 43.03%.
XSWX:FTK's Return-on-Tangible-Equity is ranked better than 90.17% of 783
companies
in the Capital Markets industry
Industry Median: 6.52
vs XSWX:FTK: 41.02
Flatexdegiro SE (XSWX:FTK) 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.
Flatexdegiro SE Return-on-Tangible-Equity Related Terms
Flatexdegiro SE Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Flatexdegiro SE'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:FTK vs MS, GS, SCHW: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, Flatexdegiro SE'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.
Flatexdegiro SE Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Flatexdegiro SE's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Flatexdegiro SE'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 37.31% mean?
Flatexdegiro SE (XSWX:FTK) has a Return-on-Tangible-Equity of 37.31% 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 Flatexdegiro SE and its competitors. This is 13% below median its historical median of 43.03. Over the past decade, Flatexdegiro SE's Return-on-Tangible-Equity has ranged from 17.57 to 68.91. According to the industry distribution chart, Flatexdegiro SE ranks #77 out of 783 companies in the Capital Markets industry, placing it in the top 9.8%.
Is Flatexdegiro SE's Return-on-Tangible-Equity too high?
Flatexdegiro SE's current Return-on-Tangible-Equity of 37.31% is 13% below median its 10-year median of 43.03. Over the past 10 years, this metric has ranged from a low of 17.57 to a high of 68.91. The Capital Markets industry median Return-on-Tangible-Equity is 6.52. Flatexdegiro SE's value of 37.31% is 472.2% above this industry median. Based on the distribution chart, Flatexdegiro SE ranks #77 out of 783 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Flatexdegiro SE has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does Flatexdegiro SE's Return-on-Tangible-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, Flatexdegiro SE ranks #77 out of 783 companies for Return-on-Tangible-Equity. This places Flatexdegiro SE in the top 10% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.52. Flatexdegiro SE's value of 37.31% is 472.2% above this benchmark. Historically, Flatexdegiro SE's own Return-on-Tangible-Equity has ranged from 17.57 to 68.91 over the past decade. While the company's 10-year median is 43.03 vs. the industry median of 6.52, Flatexdegiro SE 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 Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.52, based on 783 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. Flatexdegiro SE's current Return-on-Tangible-Equity of 37.31% is 472.2% 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 Flatexdegiro SE and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Flatexdegiro SE's current Return-on-Tangible-Equity is 37.31%, which is 13% below median its own 10-year median of 43.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flatexdegiro SE stock overvalued right now?
Flatexdegiro SE (XSWX:FTK) has a current Return-on-Tangible-Equity of 37.31%. The stock's GF Value™ is CHF18.70, compared to a current price of CHF33.98 — trading 81.7% above its estimated fair value. The current Return-on-Tangible-Equity is 37.31%, which is 13% below median its 10-year median of 43.03 and 472.2% above the Capital Markets industry median of 6.52. Flatexdegiro SE's overall GF Score™ is 83/100 with 2 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 Flatexdegiro SE (XSWX:FTK), the current Return-on-Tangible-Equity is 37.31% 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 Flatexdegiro SE (XSWX:FTK) Overvalued in 2026?
Based on GuruFocus' analysis, Flatexdegiro SE stock appears to be overvalued.
The current stock price of CHF33.98 is trading 81.7% above its estimated GF Value™ of CHF18.70.
Key valuation signals for XSWX:FTK:
Return-on-Tangible-Equity: 37.31% (13% below median its 10-year median of 43.03)
GF Value™: CHF18.70 vs. price of CHF33.98 (81.7% above fair value)
Industry Position: 472.2% above the Capital Markets median (#77 of 783)
No single metric tells the full story. See the XSWX:FTK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Flatexdegiro SE is an independent online broker. The firm operates a proprietary securities trading platform under the brands flatex and DEGIRO and services more than a million European retail customers in European countries. The company also offers brokerage services and administration to corporate and institutional clients. The segments of the company are flatex and Degiro. It derives maximum revenue from Degiro segment.
83GF Score
Get the complete analysis for XSWX:FTK
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