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Assured GuarantyAGO -0.21%73 Return-on-Tangible-Asset is 2.84% as of Mar. 2026, which is 16% below its 10-year median of 3.40. GuruFocus rates AGO with a GF Score™ of 73/100 and a GF Value™ of $94.85 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 506 Insurance companies, Assured Guaranty ranks better than 58.7% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Assured Guaranty's annualizedNet Income for the quarter that ended in Mar. 2026 was $352.0 Mil. Assured Guaranty's average total tangible assets for the quarter that ended in Mar. 2026 was $12,405.5 Mil. Therefore, Assured Guaranty's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.84%.
The historical rank and industry rank for Assured Guaranty's Return-on-Tangible-Asset or its related term are showing as below:
AGO'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.71 Med: 3.4 Max: 6.14
Current: 3.4
During the past 13 years, Assured Guaranty's highest Return-on-Tangible-Asset was 6.14%. The lowest was 0.71%. And the median was 3.40%.
AGO's Return-on-Tangible-Asset is ranked better than 58.7% of 506
companies
in the Insurance industry
Industry Median: 2.745
vs AGO: 3.40
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Assured Guaranty Return-on-Tangible-Asset Related Terms
Assured Guaranty Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Assured Guaranty's Return-on-Tangible-Asset 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.
AGO vs NMIH, RDN, RYAN: Return-on-Tangible-Asset Comparison
For the Insurance - Specialty subindustry, Assured Guaranty's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
Assured Guaranty Return-on-Tangible-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, Assured Guaranty's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Assured Guaranty's Return-on-Tangible-Asset 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 Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets 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.
What does a Return-on-Tangible-Asset of 2.84% mean?
Assured Guaranty (AGO) has a Return-on-Tangible-Asset of 2.84% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Assured Guaranty and its competitors. This is 16% below median its historical median of 3.40. Over the past decade, Assured Guaranty's Return-on-Tangible-Asset has ranged from 0.71 to 6.14. According to the industry distribution chart, Assured Guaranty ranks #209 out of 506 companies in the Insurance industry, placing it in the top 41.3%.
Is Assured Guaranty's Return-on-Tangible-Asset too high?
Assured Guaranty's current Return-on-Tangible-Asset of 2.84% is 16% below median its 10-year median of 3.40. Over the past 10 years, this metric has ranged from a low of 0.71 to a high of 6.14. The Insurance industry median Return-on-Tangible-Asset is 2.75. Assured Guaranty's value of 2.84% is 3.5% above this industry median. Based on the distribution chart, Assured Guaranty ranks #209 out of 506 companies in the Insurance industry, which is above the industry midpoint. Overall, Assured Guaranty has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Assured Guaranty's Return-on-Tangible-Asset compare to NMIH and RDN?
According to the Insurance industry distribution chart, Assured Guaranty ranks #209 out of 506 companies for Return-on-Tangible-Asset. This puts Assured Guaranty in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.75. Assured Guaranty's value of 2.84% is 3.5% above this benchmark. Historically, Assured Guaranty's own Return-on-Tangible-Asset has ranged from 0.71 to 6.14 over the past decade. While the company's 10-year median is 3.40 vs. the industry median of 2.75, Assured Guaranty 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 Return-on-Tangible-Asset for an Insurance company?
The median Return-on-Tangible-Asset among Insurance companies is 2.75, based on 506 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Assured Guaranty's current Return-on-Tangible-Asset of 2.84% is 3.5% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Assured Guaranty and its competitors. For the Insurance industry, the median Return-on-Tangible-Asset is 2.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Assured Guaranty's current Return-on-Tangible-Asset is 2.84%, which is 16% below median its own 10-year median of 3.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Assured Guaranty stock overvalued right now?
Based on GuruFocus' analysis, Assured Guaranty (AGO) is currently considered Modestly Undervalued. The stock's GF Value™ is $94.85, compared to a current price of $84.15 — trading 11.3% below its estimated fair value. The current Return-on-Tangible-Asset is 2.84%, which is 16% below median its 10-year median of 3.40 and 3.5% above the Insurance industry median of 2.75. Assured Guaranty'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 Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Assured Guaranty (AGO), the current Return-on-Tangible-Asset is 2.84% 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 Assured Guaranty (AGO) Overvalued in 2026?
Based on GuruFocus' analysis, Assured Guaranty stock appears to be undervalued.
The current stock price of $84.15 is trading 11.3% below its estimated GF Value™ of $94.85.
GuruFocus considers Assured Guaranty to be Modestly Undervalued.
Key valuation signals for AGO:
Return-on-Tangible-Asset: 2.84% (16% below median its 10-year median of 3.40)
GF Value™: $94.85 vs. price of $84.15 (11.3% below fair value)
Industry Position: 3.5% above the Insurance median (#209 of 506)
No single metric tells the full story. See the AGO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Assured Guaranty Ltd. provides credit protection products to the United States and international public finance and structured finance markets and manages assets across collateralized loan obligations as well as opportunity funds and liquid funds that build on its corporate credit, asset-based finance, municipal, and healthcare experience. The company operates in two segments: the Insurance segment and the Asset Management segment. The majority of the revenue earned by the company is from the Insurance segment.
73GF Score
Get the complete analysis for AGO
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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