Forbo Holding AG (XSWX:FORN) ROE %: 11.29% (As of Dec. 2025) — 40% Below Median


XSWX:FORN Forbo Holding AG XSWX:FORN
73 GF Score
Price CHF739.00
GF Value CHF879.59
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Forbo Holding AG ROE %?

Forbo Holding AG XSWX:FORN +0.41% 73 ROE % is 11.29% as of Dec. 2025, which is 40% below its 10-year median of 18.73. GuruFocus rates XSWX:FORN with a GF Score™ of 73/100 and a GF Value™ of CHF879.59 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,743 Construction companies, Forbo Holding AG ranks better than 65.92% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Forbo Holding AG's annualized net income for the quarter that ended in Dec. 2025 was CHF71 Mil. Forbo Holding AG's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was CHF629 Mil. Therefore, Forbo Holding AG's annualized ROE % for the quarter that ended in Dec. 2025 was 11.29%.

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

XSWX:FORN' s ROE % Range Over the Past 10 Years
Min: 6.03   Med: 18.73   Max: 23.43
Current: 10.98

During the past 13 years, Forbo Holding AG's highest ROE % was 23.43%. The lowest was 6.03%. And the median was 18.73%.

XSWX:FORN's ROE % is ranked better than
65.92% of 1743 companies
in the Construction industry
Industry Median: 6.69 vs XSWX:FORN: 10.98

Forbo Holding AG  (XSWX:FORN) 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
=71/628.6
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(71 / 1077)*(1077 / 964.7)*(964.7 / 628.6)
=Net Margin %*Asset Turnover*Equity Multiplier
=6.59 %*1.1164*1.5347
=ROA %*Equity Multiplier
=7.36 %*1.5347
=11.29 %

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
=71/628.6
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (71 / 87.4) * (87.4 / 89.8) * (89.8 / 1077) * (1077 / 964.7) * (964.7 / 628.6)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8124 * 0.9733 * 8.34 % * 1.1164 * 1.5347
=11.29 %

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.


Forbo Holding AG ROE % Related Terms


Forbo Holding AG ROE % Historical Data

* Premium members only.

The historical data trend for Forbo Holding 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.

Forbo Holding AG ROE % Chart

Forbo Holding 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 23.43 18.92 18.54 16.12 10.80

Forbo Holding 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 16.34 16.80 15.25 10.83 11.29

XSWX:FORN vs TT, JCI, CARR: ROE % Comparison

For the Building Products & Equipment subindustry, Forbo Holding 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.


Forbo Holding AG ROE % vs Construction Industry

For the Construction industry and Industrials sector, Forbo Holding AG's ROE % distribution charts can be found below:

* The bar in red indicates where Forbo Holding AG's ROE % falls into.


XSWX:FORN
73GF Score
Forbo Holding AG XSWX:FORN
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Forbo Holding AG ROE % Calculation

Forbo Holding 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 )
=68.9/( (626+649.6)/ 2 )
=68.9/637.8
=10.80 %

Forbo Holding 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 )
=71/( (607.6+649.6)/ 2 )
=71/628.6
=11.29 %

* 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 11.29% mean?
Forbo Holding AG (XSWX:FORN) has a ROE % of 11.29% 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 Forbo Holding AG and its competitors. This is 40% below median its historical median of 18.73. Over the past decade, Forbo Holding AG's ROE % has ranged from 6.03 to 23.43. According to the industry distribution chart, Forbo Holding AG ranks #594 out of 1743 companies in the Construction industry, placing it in the top 34.1%.
Is Forbo Holding AG's ROE % too high?
Forbo Holding AG's current ROE % of 11.29% is 40% below median its 10-year median of 18.73. Over the past 10 years, this metric has ranged from a low of 6.03 to a high of 23.43. The Construction industry median ROE % is 6.69. Forbo Holding AG's value of 11.29% is 68.8% above this industry median. Based on the distribution chart, Forbo Holding AG ranks #594 out of 1743 companies in the Construction industry, which is above the industry midpoint. Overall, Forbo Holding AG has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Forbo Holding AG's ROE % compare to TT and JCI?
According to the Construction industry distribution chart, Forbo Holding AG ranks #594 out of 1743 companies for ROE %. This puts Forbo Holding AG in the upper half of its industry. The industry median ROE % is 6.69. Forbo Holding AG's value of 11.29% is 68.8% above this benchmark. Historically, Forbo Holding AG's own ROE % has ranged from 6.03 to 23.43 over the past decade. While the company's 10-year median is 18.73 vs. the industry median of 6.69, Forbo Holding 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 Construction company?
The median ROE % among Construction companies is 6.69, based on 1,743 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. Forbo Holding AG's current ROE % of 11.29% is 68.8% 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 Forbo Holding AG and its competitors. For the Construction industry, the median ROE % is 6.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forbo Holding AG's current ROE % is 11.29%, which is 40% below median its own 10-year median of 18.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forbo Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Forbo Holding AG (XSWX:FORN) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF879.59, compared to a current price of CHF739.00 — trading 16% below its estimated fair value. The current ROE % is 11.29%, which is 40% below median its 10-year median of 18.73 and 68.8% above the Construction industry median of 6.69. Forbo Holding AG's overall GF Score™ is 73/100 with 3 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 Forbo Holding AG (XSWX:FORN), the current ROE % is 11.29% 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 Forbo Holding AG (XSWX:FORN) Overvalued in 2026?

Based on GuruFocus' analysis, Forbo Holding AG stock appears to be undervalued. The current stock price of CHF739.00 is trading 16% below its estimated GF Value™ of CHF879.59. GuruFocus considers Forbo Holding AG to be Modestly Undervalued.

Key valuation signals for XSWX:FORN:

  • ROE %: 11.29% (40% below median its 10-year median of 18.73)
  • GF Value™: CHF879.59 vs. price of CHF739.00 (16% below fair value)
  • GF Score™: 73/100 with 3 warning signs
  • Industry Position: 68.8% above the Construction median (#594 of 1743)

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


Forbo Holding AG Business Description

Other Exchanges FORNz:UK0QKD:UKFOZN:Germany
Address Lindenstrasse 8, P.O. Box 1339, Baar, CHE, CH-6341
Forbo Holding AG manufactures and sells flooring and movement systems. The company organizes itself into two segments based on product type. The Flooring Systems segment, which generates the majority of revenue, sells commercial and residential floor coverings, entrance flooring systems, and building and construction flooring adhesives to the construction and remodeling industries. The Movement Systems segment sells conveyor and processing belts, plastic modular belts, power transmission belts, and flat modular belts, to the food, automotive, and fitness equipment industries. The majority of revenue comes from Europe, and also has its presence in Americas and Asia/Pacific and Africa.
73GF Score

Get the complete analysis for XSWX:FORN

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

CHF739.00
Price
CHF879.59
GF Value