Secunet Security Networks AG (FRA:YSN) ROE %: 37.17% (As of Dec. 2025) — 42% Above Median


FRA:YSN Secunet Security Networks AG FRA:YSN
90 GF Score
Price €165.40
GF Value €206.09
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Secunet Security Networks AG ROE %?

Secunet Security Networks AG FRA:YSN -3.73% 90 ROE % is 37.17% as of Dec. 2025, which is 42% above its 10-year median of 26.15. GuruFocus rates FRA:YSN with a GF Score™ of 90/100 and a GF Value™ of €206.09 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,682 Software companies, Secunet Security Networks AG ranks better than 84.23% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Secunet Security Networks AG's annualized net income for the quarter that ended in Dec. 2025 was €56.7 Mil. Secunet Security Networks AG's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was €152.5 Mil. Therefore, Secunet Security Networks AG's annualized ROE % for the quarter that ended in Dec. 2025 was 37.17%.

The historical rank and industry rank for Secunet Security Networks AG's ROE % or its related term are showing as below:

FRA:YSN' s ROE % Range Over the Past 10 Years
Min: 19.38   Med: 26.15   Max: 39.05
Current: 21.95

During the past 13 years, Secunet Security Networks AG's highest ROE % was 39.05%. The lowest was 19.38%. And the median was 26.15%.

FRA:YSN's ROE % is ranked better than
84.23% of 2682 companies
in the Software industry
Industry Median: 4.72 vs FRA:YSN: 21.95

Secunet Security Networks AG  (FRA:YSN) 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: Dec. 2025 )
=Net Income/Total Stockholders Equity
=56.672/152.456
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(56.672 / 574.252)*(574.252 / 376.586)*(376.586 / 152.456)
=Net Margin %*Asset Turnover*Equity Multiplier
=9.87 %*1.5249*2.4701
=ROA %*Equity Multiplier
=15.05 %*2.4701
=37.17 %

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: Dec. 2025 )
=Net Income/Total Stockholders Equity
=56.672/152.456
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (56.672 / 88.11) * (88.11 / 89.988) * (89.988 / 574.252) * (574.252 / 376.586) * (376.586 / 152.456)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.6432 * 0.9791 * 15.67 % * 1.5249 * 2.4701
=37.17 %

Note: The net income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 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.


Secunet Security Networks AG ROE % Related Terms


Secunet Security Networks AG ROE % Historical Data

* Premium members only.

The historical data trend for Secunet Security Networks AG'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.

Secunet Security Networks AG ROE % Chart

Secunet Security Networks AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37.16 24.35 21.97 19.38 20.99

Secunet Security Networks AG Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 42.75 1.55 39.25 6.94 37.17

FRA:YSN vs MSFT, ORCL, PLTR: ROE % Comparison

For the Software - Infrastructure subindustry, Secunet Security Networks AG'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.


Secunet Security Networks AG ROE % vs Software Industry

For the Software industry and Technology sector, Secunet Security Networks AG's ROE % distribution charts can be found below:

* The bar in red indicates where Secunet Security Networks AG's ROE % falls into.


FRA:YSN
90GF Score
Secunet Security Networks AG FRA:YSN
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Secunet Security Networks AG ROE % Calculation

Secunet Security Networks AG's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=33.344/( (150.749+167.033)/ 2 )
=33.344/158.891
=20.99 %

Secunet Security Networks AG's annualized ROE % for the quarter that ended in Dec. 2025 is calculated as

ROE %=Net Income (Q: Dec. 2025 )/( (Total Stockholders Equity (Q: Jun. 2025 )+Total Stockholders Equity (Q: Dec. 2025 ))/ count )
=56.672/( (137.879+167.033)/ 2 )
=56.672/152.456
=37.17 %

* 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 two times the semi-annual (Dec. 2025) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 37.17% mean?
Secunet Security Networks AG (FRA:YSN) has a ROE % of 37.17% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Secunet Security Networks AG and its competitors. This is 42% above median its historical median of 26.15. Over the past decade, Secunet Security Networks AG's ROE % has ranged from 19.38 to 39.05. According to the industry distribution chart, Secunet Security Networks AG ranks #423 out of 2682 companies in the Software industry, placing it in the top 15.8%.
Is Secunet Security Networks AG's ROE % too high?
Secunet Security Networks AG's current ROE % of 37.17% is 42% above median its 10-year median of 26.15. Over the past 10 years, this metric has ranged from a low of 19.38 to a high of 39.05. The Software industry median ROE % is 4.72. Secunet Security Networks AG's value of 37.17% is 687.5% above this industry median. Based on the distribution chart, Secunet Security Networks AG ranks #423 out of 2682 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Secunet Security Networks AG has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Secunet Security Networks AG's ROE % compare to MSFT and ORCL?
According to the Software industry distribution chart, Secunet Security Networks AG ranks #423 out of 2682 companies for ROE %. This places Secunet Security Networks AG in the top 16% of its industry — outperforming the majority of peers. The industry median ROE % is 4.72. Secunet Security Networks AG's value of 37.17% is 687.5% above this benchmark. Historically, Secunet Security Networks AG's own ROE % has ranged from 19.38 to 39.05 over the past decade. While the company's 10-year median is 26.15 vs. the industry median of 4.72, Secunet Security Networks AG has consistently been above 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 ROE % for a Software company?
The median ROE % among Software companies is 4.72, based on 2,682 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. Secunet Security Networks AG's current ROE % of 37.17% is 687.5% 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 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 Secunet Security Networks AG and its competitors. For the Software industry, the median ROE % is 4.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Secunet Security Networks AG's current ROE % is 37.17%, which is 42% above median its own 10-year median of 26.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Secunet Security Networks AG stock overvalued right now?
Based on GuruFocus' analysis, Secunet Security Networks AG (FRA:YSN) is currently considered Modestly Undervalued. The stock's GF Value™ is €206.09, compared to a current price of €165.40 — trading 19.7% below its estimated fair value. The current ROE % is 37.17%, which is 42% above median its 10-year median of 26.15 and 687.5% above the Software industry median of 4.72. Secunet Security Networks AG's overall GF Score™ is 90/100 with 4 warning signs to review. 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 Secunet Security Networks AG (FRA:YSN), the current ROE % is 37.17% 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 Secunet Security Networks AG (FRA:YSN) Overvalued in 2026?

Based on GuruFocus' analysis, Secunet Security Networks AG stock appears to be undervalued. The current stock price of €165.40 is trading 19.7% below its estimated GF Value™ of €206.09. GuruFocus considers Secunet Security Networks AG to be Modestly Undervalued.

Key valuation signals for FRA:YSN:

  • ROE %: 37.17% (42% above median its 10-year median of 26.15)
  • GF Value™: €206.09 vs. price of €165.40 (19.7% below fair value)
  • GF Score™: 90/100 with 4 warning signs
  • Industry Position: 687.5% above the Software median (#423 of 2682)

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


Secunet Security Networks AG Business Description

Other Exchanges 0NWC:UKYSN:Germany
Address Kurfuerstenstrasse 58, Essen, NW, DEU, 45138
Secunet Security Networks AG is an IT and telecommunications security provider. It offers public-sector clients and private-sector companies a comprehensive portfolio of products and consulting services for the protection of data, infrastructures, and digital identities as well as for information transmission, storage, and processing. Its services include consulting on IT security, software development, development, integration, operations, maintenance, and support of products. The company operates through two divisions, Public Sector, and Business Sector. The company generates maximum revenue from Public Sector.
90GF Score

Get the complete analysis for FRA:YSN

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

€165.40
Price
€206.09
GF Value