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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Front Ventures's annualized net income for the quarter that ended in Dec. 2025 was kr-15.01 Mil. Front Ventures's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was kr13.48 Mil. Therefore, Front Ventures's annualized ROE % for the quarter that ended in Dec. 2025 was -111.35%.
The historical rank and industry rank for Front Ventures's ROE % or its related term are showing as below:
NGM:FRNT B'
s ROE % Range Over the Past 10 Years
Min: -203.48 Med: -6.98 Max: 32.3
Current: -104.6
During the past 11 years, Front Ventures's highest ROE % was 32.30%. The lowest was -203.48%. And the median was -6.98%.
NGM:FRNT B's ROE % is ranked worse than 98.68% of 530
companies
in the Credit Services industry
Industry Median: 6.695
vs NGM:FRNT B: -104.60
Front Ventures (NGM:FRNT B) 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 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.
Front Ventures ROE % Related Terms
Front Ventures ROE % Historical Data
* Premium members only.
The historical data trend for Front Ventures'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 Credit Services subindustry, Front Ventures'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.
Front Ventures ROE % vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Front Ventures's ROE % distribution charts can be found below:
* The bar in red indicates where Front Ventures'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 two times the semi-annual (Dec. 2025) net income data.
ROE % is displayed in the 30-year financial page.
Front Ventures (NGM:FRNT B) has a ROE % of -111.35% 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 Front Ventures and its competitors. According to the industry distribution chart, Front Ventures ranks #523 out of 530 companies in the Credit Services industry, placing it in the top 98.7%.
Is Front Ventures' ROE % too high?
Front Ventures' current ROE % is -111.35%. Based on the distribution chart, Front Ventures ranks #523 out of 530 companies in the Credit Services industry, which is in the bottom quartile relative to peers. Overall, Front Ventures has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Front Ventures' ROE % compare to V and MA?
According to the Credit Services industry distribution chart, Front Ventures ranks #523 out of 530 companies for ROE %. This places Front Ventures in the lower half of its industry. The industry median ROE % is 6.70. 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 Credit Services company?
The median ROE % among Credit Services companies is 6.70, based on 530 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 Front Ventures and its competitors. For the Credit Services industry, the median ROE % is 6.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Front Ventures's current ROE % is -111.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Front Ventures stock overvalued right now?
Based on GuruFocus' analysis, Front Ventures (NGM:FRNT B) is currently considered Significantly Overvalued. The stock's GF Value™ is kr2.54, compared to a current price of kr14.06 — trading 453.5% above its estimated fair value. The current ROE % is -111.35%. Front Ventures' overall GF Score™ is 47/100 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 Front Ventures (NGM:FRNT B), the current ROE % is -111.35% 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 Front Ventures (NGM:FRNT B) Overvalued in 2026?
Based on GuruFocus' analysis, Front Ventures stock appears to be overvalued.
The current stock price of kr14.06 is trading 453.5% above its estimated GF Value™ of kr2.54.
GuruFocus considers Front Ventures to be Significantly Overvalued.
Key valuation signals for NGM:FRNT B:
ROE %: -111.35%
GF Value™: kr2.54 vs. price of kr14.06 (453.5% above fair value)
No single metric tells the full story. See the NGM:FRNT B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Front Ventures is an investment company that focuses on the fintech sector. The firm focuses on acquiring and growing smaller public and unlisted companies, including those that may be undergoing a turnaround or need growth capital.
47GF Score
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