ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Solar AS's annualized net income for the quarter that ended in Mar. 2026 was €-22 Mil. Solar AS's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was €260 Mil. Therefore, Solar AS's annualized ROE % for the quarter that ended in Mar. 2026 was -8.64%.
The historical rank and industry rank for Solar AS's ROE % or its related term are showing as below:
FRA:ZVR'
s ROE % Range Over the Past 10 Years
Min: 1.16 Med: 8.14 Max: 33.99
Current: 3.26
During the past 13 years, Solar AS's highest ROE % was 33.99%. The lowest was 1.16%. And the median was 8.14%.
FRA:ZVR's ROE % is ranked worse than 55.72% of 2423
companies
in the Hardware industry
Industry Median: 4.61
vs FRA:ZVR: 3.26
Solar AS (FRA:ZVR) 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:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) 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.
Solar AS ROE % Related Terms
Solar AS ROE % Historical Data
* Premium members only.
The historical data trend for Solar AS'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.
For the Electronics & Computer Distribution subindustry, Solar AS'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.
Solar AS ROE % vs Hardware Industry
For the Hardware industry and Technology sector, Solar AS's ROE % distribution charts can be found below:
* The bar in red indicates where Solar AS's ROE % 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 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 (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Solar AS (FRA:ZVR) has a ROE % of -8.64% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Solar AS and its competitors. Over the past decade, Solar AS's ROE % has ranged from 1.16 to 33.99. According to the industry distribution chart, Solar AS ranks #1350 out of 2423 companies in the Hardware industry, placing it in the top 55.7%.
Is Solar AS's ROE % too high?
Solar AS's current ROE % is -8.64%. Over the past 10 years, this metric has ranged from a low of 1.16 to a high of 33.99. Based on the distribution chart, Solar AS ranks #1350 out of 2423 companies in the Hardware industry, which is below the industry midpoint. Overall, Solar AS has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Solar AS's ROE % compare to SNX and ARW?
According to the Hardware industry distribution chart, Solar AS ranks #1350 out of 2423 companies for ROE %. This places Solar AS in the lower half of its industry. The industry median ROE % is 4.61. Historically, Solar AS's own ROE % has ranged from 1.16 to 33.99 over the past decade. 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 Hardware company?
The median ROE % among Hardware companies is 4.61, based on 2,423 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 Solar AS and its competitors. For the Hardware industry, the median ROE % is 4.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Solar AS's current ROE % is -8.64%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solar AS stock overvalued right now?
Based on GuruFocus' analysis, Solar AS (FRA:ZVR) is currently considered Possible Value Trap. The stock's GF Value™ is €37.85, compared to a current price of €24.45 — trading 35.4% below its estimated fair value. The current ROE % is -8.64%. Solar AS's overall GF Score™ is 71/100 with 8 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 Solar AS (FRA:ZVR), the current ROE % is -8.64% 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 Solar AS (FRA:ZVR) Overvalued in 2026?
Based on GuruFocus' analysis, Solar AS stock appears to be undervalued.
The current stock price of €24.45 is trading 35.4% below its estimated GF Value™ of €37.85.
GuruFocus considers Solar AS to be Possible Value Trap.
Key valuation signals for FRA:ZVR:
ROE %: -8.64%
GF Value™: €37.85 vs. price of €24.45 (35.4% below fair value)
No single metric tells the full story. See the FRA:ZVR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Solar AS is an sourcing and services company mainly within electrical, heating & plumbing and climate & energy solutions. Its core business centres on product sourcing, value-adding services and optimisation of customer's businesses. It has three business segment; Installation, Industry and Trade. Installation covers installation of electrical, and heating and plumbing products, while industry covers industry, offshore and marine, and utility and infrastructure, trade covers other small areas. Key revenue is generated from Installation segment. The company operates in Denmark, Sweden, Norway, Netherlands, Poland and Others.
71GF Score
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