Artisan Partners Asset ManagementAPAM -1.62%78 Return-on-Tangible-Asset is 15.63% as of Mar. 2026, which is 11% below its 10-year median of 17.60. GuruFocus rates APAM with a GF Score™ of 78/100 and a GF Value™ of $47.24 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,631 Asset Management companies, Artisan Partners Asset Management ranks better than 87.19% on this metric.
The historical rank and industry rank for Artisan Partners Asset Management's Return-on-Tangible-Asset or its related term are showing as below:
APAM'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.59 Med: 17.6 Max: 28.52
Current: 19.49
During the past 13 years, Artisan Partners Asset Management's highest Return-on-Tangible-Asset was 28.52%. The lowest was 5.59%. And the median was 17.60%.
APAM's Return-on-Tangible-Asset is ranked better than 87.19% of 1631
companies
in the Asset Management industry
Industry Median: 4.07
vs APAM: 19.49
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.
Artisan Partners Asset Management Return-on-Tangible-Asset Related Terms
Artisan Partners Asset Management Return-on-Tangible-Asset Historical Data
* 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.
APAM vs PTY, GDV, AAMI: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Artisan Partners Asset Management'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.
Artisan Partners Asset Management Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Artisan Partners Asset Management's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Artisan Partners Asset Management'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 15.63% mean?
Artisan Partners Asset Management (APAM) has a Return-on-Tangible-Asset of 15.63% 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 Artisan Partners Asset Management and its competitors. This is 11% below median its historical median of 17.60. Over the past decade, Artisan Partners Asset Management's Return-on-Tangible-Asset has ranged from 5.59 to 28.52. According to the industry distribution chart, Artisan Partners Asset Management ranks #209 out of 1631 companies in the Asset Management industry, placing it in the top 12.8%.
Is Artisan Partners Asset Management's Return-on-Tangible-Asset too high?
Artisan Partners Asset Management's current Return-on-Tangible-Asset of 15.63% is 11% below median its 10-year median of 17.60. Over the past 10 years, this metric has ranged from a low of 5.59 to a high of 28.52. The Asset Management industry median Return-on-Tangible-Asset is 4.07. Artisan Partners Asset Management's value of 15.63% is 284% above this industry median. Based on the distribution chart, Artisan Partners Asset Management ranks #209 out of 1631 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Artisan Partners Asset Management has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Artisan Partners Asset Management's Return-on-Tangible-Asset compare to PTY and GDV?
According to the Asset Management industry distribution chart, Artisan Partners Asset Management ranks #209 out of 1631 companies for Return-on-Tangible-Asset. This places Artisan Partners Asset Management in the top 13% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.07. Artisan Partners Asset Management's value of 15.63% is 284% above this benchmark. Historically, Artisan Partners Asset Management's own Return-on-Tangible-Asset has ranged from 5.59 to 28.52 over the past decade. While the company's 10-year median is 17.60 vs. the industry median of 4.07, Artisan Partners Asset Management 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 Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.07, based on 1,631 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. Artisan Partners Asset Management's current Return-on-Tangible-Asset of 15.63% is 284% 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 Artisan Partners Asset Management and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Artisan Partners Asset Management's current Return-on-Tangible-Asset is 15.63%, which is 11% below median its own 10-year median of 17.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Artisan Partners Asset Management stock overvalued right now?
Based on GuruFocus' analysis, Artisan Partners Asset Management (APAM) is currently considered Modestly Undervalued. The stock's GF Value™ is $47.24, compared to a current price of $33.97 — trading 28.1% below its estimated fair value. The current Return-on-Tangible-Asset is 15.63%, which is 11% below median its 10-year median of 17.60 and 284% above the Asset Management industry median of 4.07. Artisan Partners Asset Management's overall GF Score™ is 78/100 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 Artisan Partners Asset Management (APAM), the current Return-on-Tangible-Asset is 15.63% 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 Artisan Partners Asset Management (APAM) Overvalued in 2026?
Based on GuruFocus' analysis, Artisan Partners Asset Management stock appears to be undervalued.
The current stock price of $33.97 is trading 28.1% below its estimated GF Value™ of $47.24.
GuruFocus considers Artisan Partners Asset Management to be Modestly Undervalued.
Key valuation signals for APAM:
Return-on-Tangible-Asset: 15.63% (11% below median its 10-year median of 17.60)
GF Value™: $47.24 vs. price of $33.97 (28.1% below fair value)
Industry Position: 284% above the Asset Management median (#209 of 1631)
No single metric tells the full story. See the APAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Artisan Partners Asset Management Business Description
Artisan Partners Asset Management Inc is a investment management firm providing a range of investment strategies to a diverse group of clients around the world. Each of the company's strategies is managed by one of its several investment teams. Investment management services are offered to institutions through separate accounts and mutual funds. Artisan's investment offerings include several long-only, equity investment strategies across a multitude of market capitalization segments and investing styles in both the United States and international markets. The company operates as one segment in the investment management business. The company generates maximum portion of its revenues from clients domiciled in countries outside the United States.
78GF Score
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