Vastned NV (FRA:IJX) ROE % Adjusted to Book Value: 9.29% (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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FRA:IJX Vastned NV FRA:IJX
63 GF Score
Price €29.55
GF Value €24.66
! 9 Warning Signs
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What is Vastned NV ROE % Adjusted to Book Value?

Vastned NV FRA:IJX -1.34% 63 ROE % Adjusted to Book Value is 9.29% as of Dec. 2025. GuruFocus rates FRA:IJX with a GF Score™ of 63/100 and a GF Value™ of €24.66. The stock has 9 warning signs investors should review.

Vastned NV's ROE % for the quarter that ended in Dec. 2025 was 6.41%. Vastned NV's PB Ratio for the quarter that ended in Dec. 2025 was 0.69. Vastned NV's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 was 9.29%.


Vastned NV ROE % Adjusted to Book Value Related Terms


Vastned NV ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for Vastned NV's ROE % Adjusted to Book Value 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.

Vastned NV ROE % Adjusted to Book Value Chart

Vastned NV Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.79 9.68 7.27 7.26 15.06

Vastned NV Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROE % Adjusted to Book Value 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 5.30 11.41 2.69 15.16 9.29

FRA:IJX vs SPG, O, KIM: ROE % Adjusted to Book Value Comparison

For the REIT - Retail subindustry, Vastned NV's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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.


Vastned NV ROE % Adjusted to Book Value vs REITs Industry

For the REITs industry and Real Estate sector, Vastned NV's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Vastned NV's ROE % Adjusted to Book Value falls into.


FRA:IJX
63GF Score
Vastned NV FRA:IJX
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Vastned NV ROE % Adjusted to Book Value Calculation

Vastned NV's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=10.39% / 0.69
=15.06%

Vastned NV's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=6.41% / 0.69
=9.29%

* 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.

What does a ROE % Adjusted to Book Value of 9.29% mean?
Vastned NV (FRA:IJX) has a ROE % Adjusted to Book Value of 9.29% as of Dec. 2025. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Vastned NV and its competitors.
Is Vastned NV's ROE % Adjusted to Book Value too high?
Vastned NV's current ROE % Adjusted to Book Value is 9.29%. Overall, Vastned NV has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.
How does Vastned NV's ROE % Adjusted to Book Value compare to SPG and O?
Vastned NV's ROE % Adjusted to Book Value of 9.29% can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for a REITs company?
A good ROE % Adjusted to Book Value depends on the REITs industry context. However, ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Vastned NV and its competitors. Vastned NV's current ROE % Adjusted to Book Value is 9.29%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vastned NV stock overvalued right now?
Vastned NV (FRA:IJX) has a current ROE % Adjusted to Book Value of 9.29%. The stock's GF Value™ is €24.66, compared to a current price of €29.55 — trading 19.8% above its estimated fair value. The current ROE % Adjusted to Book Value is 9.29%. Vastned NV's overall GF Score™ is 63/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Vastned NV (FRA:IJX), the current ROE % Adjusted to Book Value is 9.29% 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 Vastned NV (FRA:IJX) Overvalued in 2026?

Based on GuruFocus' analysis, Vastned NV stock appears to be overvalued. The current stock price of €29.55 is trading 19.8% above its estimated GF Value™ of €24.66.

Key valuation signals for FRA:IJX:

  • ROE % Adjusted to Book Value: 9.29%
  • GF Value™: €24.66 vs. price of €29.55 (19.8% above fair value)
  • GF Score™: 63/100 with 9 warning signs

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


Vastned NV Business Description

Industry Real EstateREITs
Other Exchanges 0ET5:UKVASTB:Belgium
Address Generaal Lemanstraat 61, Antwerp, BEL, 2018
Vastned NV, formerly Vastned Belgium is a Belgium-based property investment company. Principally, it invests in Belgian commercial real estate, prime retail properties located on the shopping streets in the cities of Antwerp, Brussels, Ghent and Bruges, inner-city shops, high-end retail parks and retail warehouses.
63GF Score

Get the complete analysis for FRA:IJX

ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€29.55
Price
€24.66
GF Value