TCM Group ASOCSE:TCM -1.70%88 ROE % is 9.43% as of Mar. 2026, which is 40% below its 10-year median of 15.84. GuruFocus rates OCSE:TCM with a GF Score™ of 88/100 and a GF Value™ of kr73.39 (Fairly Valued). The stock has 5 warning signs investors should review. Among 428 Furnishings, Fixtures & Appliances companies, TCM Group AS ranks better than 81.07% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. TCM Group AS's annualized net income for the quarter that ended in Mar. 2026 was kr60 Mil. TCM Group AS's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was kr636 Mil. Therefore, TCM Group AS's annualized ROE % for the quarter that ended in Mar. 2026 was 9.43%.
The historical rank and industry rank for TCM Group AS's ROE % or its related term are showing as below:
OCSE:TCM'
s ROE % Range Over the Past 10 Years
Min: 4.53 Med: 15.84 Max: 29.07
Current: 13.25
During the past 12 years, TCM Group AS's highest ROE % was 29.07%. The lowest was 4.53%. And the median was 15.84%.
OCSE:TCM's ROE % is ranked better than 81.07% of 428
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 4.6
vs OCSE:TCM: 13.25
TCM Group AS (OCSE:TCM) 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.
TCM Group AS ROE % Related Terms
TCM Group AS ROE % Historical Data
* Premium members only.
The historical data trend for TCM Group 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 Furnishings, Fixtures & Appliances subindustry, TCM Group 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.
TCM Group AS ROE % vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, TCM Group AS's ROE % distribution charts can be found below:
* The bar in red indicates where TCM Group 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.
TCM Group AS (OCSE:TCM) has a ROE % of 9.43% 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 TCM Group AS and its competitors. This is 40% below median its historical median of 15.84. Over the past decade, TCM Group AS's ROE % has ranged from 4.53 to 29.07. According to the industry distribution chart, TCM Group AS ranks #81 out of 428 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 18.9%.
Is TCM Group AS's ROE % too high?
TCM Group AS's current ROE % of 9.43% is 40% below median its 10-year median of 15.84. Over the past 10 years, this metric has ranged from a low of 4.53 to a high of 29.07. The Furnishings, Fixtures & Appliances industry median ROE % is 4.60. TCM Group AS's value of 9.43% is 105% above this industry median. Based on the distribution chart, TCM Group AS ranks #81 out of 428 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, TCM Group AS has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TCM Group AS's ROE % compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, TCM Group AS ranks #81 out of 428 companies for ROE %. This places TCM Group AS in the top 19% of its industry — outperforming the majority of peers. The industry median ROE % is 4.60. TCM Group AS's value of 9.43% is 105% above this benchmark. Historically, TCM Group AS's own ROE % has ranged from 4.53 to 29.07 over the past decade. While the company's 10-year median is 15.84 vs. the industry median of 4.60, TCM Group AS 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 Furnishings, Fixtures & Appliances company?
The median ROE % among Furnishings, Fixtures & Appliances companies is 4.60, based on 428 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. TCM Group AS's current ROE % of 9.43% is 105% 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 TCM Group AS and its competitors. For the Furnishings, Fixtures & Appliances industry, the median ROE % is 4.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TCM Group AS's current ROE % is 9.43%, which is 40% below median its own 10-year median of 15.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TCM Group AS stock overvalued right now?
Based on GuruFocus' analysis, TCM Group AS (OCSE:TCM) is currently considered Fairly Valued. The stock's GF Value™ is kr73.39, compared to a current price of kr69.40 — trading 5.4% below its estimated fair value. The current ROE % is 9.43%, which is 40% below median its 10-year median of 15.84 and 105% above the Furnishings, Fixtures & Appliances industry median of 4.60. TCM Group AS's overall GF Score™ is 88/100 with 5 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 TCM Group AS (OCSE:TCM), the current ROE % is 9.43% 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 TCM Group AS (OCSE:TCM) Overvalued in 2026?
Based on GuruFocus' analysis, TCM Group AS stock appears to be undervalued.
The current stock price of kr69.40 is trading 5.4% below its estimated GF Value™ of kr73.39.
GuruFocus considers TCM Group AS to be Fairly Valued.
Key valuation signals for OCSE:TCM:
ROE %: 9.43% (40% below median its 10-year median of 15.84)
GF Value™: kr73.39 vs. price of kr69.40 (5.4% below fair value)
Industry Position: 105% above the Furnishings, Fixtures & Appliances median (#81 of 428)
No single metric tells the full story. See the OCSE:TCM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TCM Group AS manufactures and supplies kitchen and furniture products for bathrooms and storage in Denmark and the other Scandinavian countries. Its products include drawers, cabinets, fronts, table tops, handles, and other accessories. It offers its products under the Svane Kokkenet, Tvis Kokkener, Nettoline, and kitchen brands. The company also sells private-label products through Do-It-Yourself and kitchen specialty stores in Denmark and Norway. The group sells its products in Denmark and other countries, of which a majority of the revenue is derived from Denmark. It also has a presence in Norway and other countries.
88GF Score
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