IES Holdings (XTAE:IES) Return-on-Tangible-Equity: 2.61% (As of Mar. 2026) — 79% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XTAE:IES IES Holdings Ltd XTAE:IES
63 GF Score
Price ₪737.00
GF Value ₪318.76
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is IES Holdings Return-on-Tangible-Equity?

IES Holdings XTAE:IES -1.21% 63 Return-on-Tangible-Equity is 2.61% as of Mar. 2026, which is 79% below its 10-year median of 12.32. GuruFocus rates XTAE:IES with a GF Score™ of 63/100 and a GF Value™ of ₪318.76 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,716 Real Estate companies, IES Holdings ranks better than 78.67% 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. IES Holdings's annualized net income for the quarter that ended in Mar. 2026 was ₪47.52 Mil. IES Holdings's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₪1,821.42 Mil. Therefore, IES Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 2.61%.

The historical rank and industry rank for IES Holdings's Return-on-Tangible-Equity or its related term are showing as below:

XTAE:IES' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.46   Med: 12.32   Max: 34.73
Current: 12.67

During the past 13 years, IES Holdings's highest Return-on-Tangible-Equity was 34.73%. The lowest was 4.46%. And the median was 12.32%.

XTAE:IES's Return-on-Tangible-Equity is ranked better than
78.67% of 1716 companies
in the Real Estate industry
Industry Median: 4.27 vs XTAE:IES: 12.67

IES Holdings  (XTAE:IES) 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.


IES Holdings Return-on-Tangible-Equity Related Terms


IES Holdings Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for IES Holdings'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.

IES Holdings Return-on-Tangible-Equity Chart

IES Holdings 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 34.73 17.71 4.46 9.81 12.83

IES Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 3.67 8.69 6.12 33.28 2.61

XTAE:IES vs CBRE, BEKE, JLL: Return-on-Tangible-Equity Comparison

For the Real Estate Services subindustry, IES Holdings'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.


IES Holdings Return-on-Tangible-Equity vs Real Estate Industry

For the Real Estate industry and Real Estate sector, IES Holdings's Return-on-Tangible-Equity distribution charts can be found below:

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


XTAE:IES
63GF Score
IES Holdings Ltd XTAE:IES
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IES Holdings Return-on-Tangible-Equity Calculation

IES Holdings'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 )
=221.283/( (1633.656+1815.869 )/ 2 )
=221.283/1724.7625
=12.83 %

IES Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=47.524/( (1815.869+1826.968)/ 2 )
=47.524/1821.4185
=2.61 %

* 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 2.61% mean?
IES Holdings (XTAE:IES) has a Return-on-Tangible-Equity of 2.61% 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 IES Holdings and its competitors. This is 79% below median its historical median of 12.32. Over the past decade, IES Holdings' Return-on-Tangible-Equity has ranged from 4.46 to 34.73. According to the industry distribution chart, IES Holdings ranks #366 out of 1716 companies in the Real Estate industry, placing it in the top 21.3%.
Is IES Holdings' Return-on-Tangible-Equity too high?
IES Holdings' current Return-on-Tangible-Equity of 2.61% is 79% below median its 10-year median of 12.32. Over the past 10 years, this metric has ranged from a low of 4.46 to a high of 34.73. The Real Estate industry median Return-on-Tangible-Equity is 4.27. IES Holdings' value of 2.61% is 38.9% below this industry median. Based on the distribution chart, IES Holdings ranks #366 out of 1716 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, IES Holdings has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IES Holdings' Return-on-Tangible-Equity compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, IES Holdings ranks #366 out of 1716 companies for Return-on-Tangible-Equity. This places IES Holdings in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.27. IES Holdings' value of 2.61% is 38.9% below this benchmark. Historically, IES Holdings' own Return-on-Tangible-Equity has ranged from 4.46 to 34.73 over the past decade. While the company's 10-year median is 12.32 vs. the industry median of 4.27, IES Holdings has consistently been below 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 Real Estate company?
The median Return-on-Tangible-Equity among Real Estate companies is 4.27, based on 1,716 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. IES Holdings's current Return-on-Tangible-Equity of 2.61% is 38.9% below 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 IES Holdings and its competitors. For the Real Estate industry, the median Return-on-Tangible-Equity is 4.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IES Holdings's current Return-on-Tangible-Equity is 2.61%, which is 79% below median its own 10-year median of 12.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IES Holdings stock overvalued right now?
Based on GuruFocus' analysis, IES Holdings (XTAE:IES) is currently considered Significantly Overvalued. The stock's GF Value™ is ₪318.76, compared to a current price of ₪737.00 — trading 131.2% above its estimated fair value. The current Return-on-Tangible-Equity is 2.61%, which is 79% below median its 10-year median of 12.32 and 38.9% below the Real Estate industry median of 4.27. IES Holdings' overall GF Score™ is 63/100 with 6 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 IES Holdings (XTAE:IES), the current Return-on-Tangible-Equity is 2.61% 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 IES Holdings (XTAE:IES) Overvalued in 2026?

Based on GuruFocus' analysis, IES Holdings stock appears to be overvalued. The current stock price of ₪737.00 is trading 131.2% above its estimated GF Value™ of ₪318.76. GuruFocus considers IES Holdings to be Significantly Overvalued.

Key valuation signals for XTAE:IES:

  • Return-on-Tangible-Equity: 2.61% (79% below median its 10-year median of 12.32)
  • GF Value™: ₪318.76 vs. price of ₪737.00 (131.2% above fair value)
  • GF Score™: 63/100 with 6 warning signs
  • Industry Position: 38.9% below the Real Estate median (#366 of 1716)

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


IES Holdings Business Description

Address 33 Montefiore Street, Tel Aviv, ISR, 65201
IES Holdings Ltd is an investment and holding group principally engaged in real estate investment and leasing, including key projects such as the Palmachim Industrial Park in Israel and international real estate like Aloha Royal in Marbella, Spain.
63GF Score

Get the complete analysis for XTAE:IES

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

₪737.00
Price
₪318.76
GF Value