OndasXSWX:ONDS 67 Return-on-Tangible-Equity is 677.20% as of Mar. 2026. GuruFocus rates XSWX:ONDS with a GF Score™ of 67/100 and a GF Value™ of CHF3.45. The stock has 8 warning signs investors should review. Among 2,376 Hardware companies, Ondas ranks better than 97.35% 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. Ondas's annualized net income for the quarter that ended in Mar. 2026 was CHF1,451.79 Mil. Ondas's average shareholder tangible equity for the quarter that ended in Mar. 2026 was CHF214.38 Mil. Therefore, Ondas's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 677.20%.
The historical rank and industry rank for Ondas's Return-on-Tangible-Equity or its related term are showing as below:
XSWX:ONDS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -2453.43 Med: -851.85 Max: 142.13
Current: 142.13
During the past 11 years, Ondas's highest Return-on-Tangible-Equity was 142.13%. The lowest was -2,453.43%. And the median was -851.85%.
XSWX:ONDS's Return-on-Tangible-Equity is ranked better than 97.35% of 2376
companies
in the Hardware industry
Industry Median: 5.265
vs XSWX:ONDS: 142.13
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.
Ondas Return-on-Tangible-Equity Related Terms
Ondas Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Ondas'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:ONDS vs : Return-on-Tangible-Equity Comparison
For the Communication Equipment subindustry, Ondas'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.
Ondas Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Ondas's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ondas'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 677.20% mean?
Ondas (XSWX:ONDS) has a Return-on-Tangible-Equity of 677.20% 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 Ondas and its competitors. According to the industry distribution chart, Ondas ranks #63 out of 2376 companies in the Hardware industry, placing it in the top 2.7%.
Is Ondas' Return-on-Tangible-Equity too high?
Ondas' current Return-on-Tangible-Equity is 677.20%. The Hardware industry median Return-on-Tangible-Equity is 5.27. Ondas' value of 677.20% is 12762.3% above this industry median. Based on the distribution chart, Ondas ranks #63 out of 2376 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Ondas has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Ondas' Return-on-Tangible-Equity compare to ?
According to the Hardware industry distribution chart, Ondas ranks #63 out of 2376 companies for Return-on-Tangible-Equity. This places Ondas in the top 3% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.27. Ondas' value of 677.20% is 12762.3% above this benchmark. 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. Ondas's current Return-on-Tangible-Equity of 677.20% is 12762.3% 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 Ondas 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. Ondas's current Return-on-Tangible-Equity is 677.20%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ondas stock overvalued right now?
Ondas (XSWX:ONDS) has a current Return-on-Tangible-Equity of 677.20%. The stock's GF Value™ is CHF3.45, compared to a current price of CHF6.29 — trading 82.2% above its estimated fair value. The current Return-on-Tangible-Equity is 677.20% and 12762.3% above the Hardware industry median of 5.27. Ondas' overall GF Score™ is 67/100 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 Ondas (XSWX:ONDS), the current Return-on-Tangible-Equity is 677.20% 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 Ondas (XSWX:ONDS) Overvalued in 2026?
Based on GuruFocus' analysis, Ondas stock appears to be overvalued.
The current stock price of CHF6.29 is trading 82.2% above its estimated GF Value™ of CHF3.45.
Key valuation signals for XSWX:ONDS:
Return-on-Tangible-Equity: 677.20%
GF Value™: CHF3.45 vs. price of CHF6.29 (82.2% above fair value)
Industry Position: 12762.3% above the Hardware median (#63 of 2376)
No single metric tells the full story. See the XSWX:ONDS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ondas Inc designs, develops, manufactures, sells, and supports FullMAX Software Defined Radio (SDR) technology in the United States, Israel, and India. The company operates in two business segments namely Ondas Networks and Ondas Autonomous Systems. The company generates maximum revenue from Ondas Autonomous Systems through the sales of the Optimus system and separately priced support, maintenance, and ancillary services related to the sale of the Optimus system. Geographically, the company operates in Israel, Germany, United Arab Emirates, United States, and Other Countries. It derives maximum revenue from Israel.
67GF Score
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