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. Adriatic Osiguranje DD's annualized net income for the quarter that ended in Sep. 2023 was €4.5 Mil. Adriatic Osiguranje DD's average shareholder tangible equity for the quarter that ended in Sep. 2023 was €174.5 Mil. Therefore, Adriatic Osiguranje DD's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was 2.56%.
The historical rank and industry rank for Adriatic Osiguranje DD's Return-on-Tangible-Equity or its related term are showing as below:
ZAG:JDOS's Return-on-Tangible-Equity is not ranked *
in the Insurance industry.
Industry Median: 13.53 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
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.
Adriatic Osiguranje DD Return-on-Tangible-Equity Related Terms
Adriatic Osiguranje DD Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Adriatic Osiguranje DD'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.
ZAG:JDOS vs HALL: Return-on-Tangible-Equity Comparison
For the Insurance - Property & Casualty subindustry, Adriatic Osiguranje DD'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.
Adriatic Osiguranje DD Return-on-Tangible-Equity vs Insurance Industry
For the Insurance industry and Financial Services sector, Adriatic Osiguranje DD's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Adriatic Osiguranje DD'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 (Sep. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 2.56% mean?
Adriatic Osiguranje DD (ZAG:JDOS) has a Return-on-Tangible-Equity of 2.56% as of Sep. 2023. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Adriatic Osiguranje DD and its competitors.
Is Adriatic Osiguranje DD's Return-on-Tangible-Equity too high?
Adriatic Osiguranje DD's current Return-on-Tangible-Equity is 2.56%. The Insurance industry median Return-on-Tangible-Equity is 13.53. Adriatic Osiguranje DD's value of 2.56% is 81.1% below this industry median.
How does Adriatic Osiguranje DD's Return-on-Tangible-Equity compare to HALL?
Adriatic Osiguranje DD's Return-on-Tangible-Equity of 2.56% can be compared against companies in the Insurance industry. The industry median Return-on-Tangible-Equity is 13.53. Adriatic Osiguranje DD's value of 2.56% is 81.1% below 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 an Insurance company?
The median Return-on-Tangible-Equity among Insurance companies is 13.53, based on 498 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. Adriatic Osiguranje DD's current Return-on-Tangible-Equity of 2.56% is 81.1% 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 Adriatic Osiguranje DD and its competitors. For the Insurance industry, the median Return-on-Tangible-Equity is 13.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adriatic Osiguranje DD's current Return-on-Tangible-Equity is 2.56%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adriatic Osiguranje DD stock overvalued right now?
Adriatic Osiguranje DD (ZAG:JDOS) has a current Return-on-Tangible-Equity of 2.56%. The current Return-on-Tangible-Equity is 2.56% and 81.1% below the Insurance industry median of 13.53. 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 Adriatic Osiguranje DD (ZAG:JDOS), the current Return-on-Tangible-Equity is 2.56% as of Sep. 2023. 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.
Adriatic Osiguranje DD formerly Jadransko Osiguranje dd operates in the insurance industry in Croatia. The company offers property insurance and travel insurance. It specializes in Motor vehicle insurance.
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