ADNH (Advent Technologies Holdings) ROE %: Negative Equity% (As of Sep. 2025)

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What is Advent Technologies Holdings ROE %?

Advent Technologies Holdings ADNH ROE % is Negative Equity% as of Sep. 2025. The stock has 6 warning signs investors should review. Among 3,005 Industrial Products companies, Advent Technologies Holdings ranks worse than 33277.84% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Advent Technologies Holdings's annualized net income for the quarter that ended in Sep. 2025 was $34.50 Mil. Advent Technologies Holdings's average Total Stockholders Equity over the quarter that ended in Sep. 2025 was $-23.60 Mil. Therefore, Advent Technologies Holdings's annualized ROE % for the quarter that ended in Sep. 2025 was Negative Equity%.

The historical rank and industry rank for Advent Technologies Holdings's ROE % or its related term are showing as below:

During the past 6 years, Advent Technologies Holdings's highest ROE % was 57.46%. The lowest was -194.64%. And the median was -76.50%.

ADNH's ROE % is not ranked *
in the Industrial Products industry.
Industry Median: 5.91
* Ranked among companies with meaningful ROE % only.

Advent Technologies Holdings  (OTCPK:ADNH) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Sep. 2025 )
=Net Income/Total Stockholders Equity
=34.5/-23.6025
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(34.5 / 0.248)*(0.248 / 6.683)*(6.683 / -23.6025)
=Net Margin %*Asset Turnover*Equity Multiplier
=13911.29 %*0.0371*N/A
=ROA %*Equity Multiplier
=516.11 %*N/A
=Negative Equity %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Sep. 2025 )
=Net Income/Total Stockholders Equity
=34.5/-23.6025
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (34.5 / 34.5) * (34.5 / -9.496) * (-9.496 / 0.248) * (0.248 / 6.683) * (6.683 / -23.6025)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * -3.6331 * -3829.03 % * 0.0371 * N/A
=Negative Equity %

Note: The net income data used here is four times the quarterly (Sep. 2025) net income data. The Revenue data used here is four times the quarterly (Sep. 2025) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.


Advent Technologies Holdings ROE % Related Terms


Advent Technologies Holdings ROE % Historical Data

* Premium members only.

The historical data trend for Advent Technologies Holdings's ROE % 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.

Advent Technologies Holdings ROE % Chart

Advent Technologies Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
ROE %
Get a 7-Day Free Trial -194.64 -31.97 -76.50 -184.02 0.00

Advent Technologies Holdings Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
ROE % 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 0.00 0.00 0.00 0.00 Negative Equity

ADNH vs LNKS, OZSC, KRFG: ROE % Comparison

For the Electrical Equipment & Parts subindustry, Advent Technologies Holdings's ROE %, along with its competitors' market caps and ROE % 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.


Advent Technologies Holdings ROE % vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Advent Technologies Holdings's ROE % distribution charts can be found below:

* The bar in red indicates where Advent Technologies Holdings's ROE % falls into.



Advent Technologies Holdings ROE % Calculation

Advent Technologies Holdings's annualized ROE % for the fiscal year that ended in Dec. 2024 is calculated as

ROE %=Net Income (A: Dec. 2024 )/( (Total Stockholders Equity (A: Dec. 2023 )+Total Stockholders Equity (A: Dec. 2024 ))/ count )
=-40.994/( (13.448+-21.295)/ 2 )
=-40.994/-3.9235
=N/A %

Advent Technologies Holdings's annualized ROE % for the quarter that ended in Sep. 2025 is calculated as

ROE %=Net Income (Q: Sep. 2025 )/( (Total Stockholders Equity (Q: Jun. 2025 )+Total Stockholders Equity (Q: Sep. 2025 ))/ count )
=34.5/( (-29.422+-17.783)/ 2 )
=34.5/-23.6025
=Negative Equity %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Sep. 2025) net income data. ROE % is displayed in the 30-year financial page.

* Note that if the average Total Stockholders Equity is zero or negative, then ROE % would be considered meaningless and hence not be calculated.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of Negative Equity% mean?
Advent Technologies Holdings (ADNH) has a ROE % of Negative Equity% as of Sep. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Advent Technologies Holdings and its competitors. According to the industry distribution chart, Advent Technologies Holdings ranks #999999 out of 3005 companies in the Industrial Products industry.
Is Advent Technologies Holdings' ROE % too high?
Advent Technologies Holdings' current ROE % is Negative Equity%. Based on the distribution chart, Advent Technologies Holdings ranks #999999 out of 3005 companies in the Industrial Products industry, which is in the bottom quartile relative to peers.
How does Advent Technologies Holdings' ROE % compare to LNKS and OZSC?
According to the Industrial Products industry distribution chart, Advent Technologies Holdings ranks #999999 out of 3005 companies for ROE %. This places Advent Technologies Holdings in the lower half of its industry. The industry median ROE % is 5.91. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for an Industrial Products company?
The median ROE % among Industrial Products companies is 5.91, based on 3,005 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % 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 % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Advent Technologies Holdings and its competitors. For the Industrial Products industry, the median ROE % is 5.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Advent Technologies Holdings's current ROE % is Negative Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Advent Technologies Holdings stock overvalued right now?
Based on GuruFocus' analysis, Advent Technologies Holdings (ADNH) is currently considered Possible Value Trap. The stock's GF Value™ is $0.06, compared to a current price of $0.00 — trading 99.5% below its estimated fair value. The current ROE % is Negative Equity%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Advent Technologies Holdings (ADNH), the current ROE % is Negative Equity% as of Sep. 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.

Advent Technologies Holdings Business Description

Address 5637 La Ribera Street, Suite A, Livermore, CA, USA, 94550
Advent Technologies Holdings Inc is an innovation-driven company in the fuel cell and hydrogen technology space, including liquid hydrogen carriers such as methanol. The company develops, manufactures, and assembles complete fuel cell systems and the critical components that determine the performance of hydrogen fuel cells and other energy systems. It serves automotive; aviation and power generation industries. It generates revenue from the sale of fuel cell systems and the sale of MEAs, membranes, and electrodes for specific applications in the fuel cell and energy storage (flow battery) markets.