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Pengana Capital GroupASX:PCG -3.25%33 Return-on-Tangible-Asset is 7.45% as of Dec. 2025, which is 5% below its 10-year median of 7.81. GuruFocus rates ASX:PCG with a GF Score™ of 33/100 and a GF Value™ of A$0.34 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,635 Asset Management companies, Pengana Capital Group ranks better than 66.61% 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. Pengana Capital Group's annualizedNet Income for the quarter that ended in Dec. 2025 was A$15.06 Mil. Pengana Capital Group's average total tangible assets for the quarter that ended in Dec. 2025 was A$202.01 Mil. Therefore, Pengana Capital Group's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 7.45%.
The historical rank and industry rank for Pengana Capital Group's Return-on-Tangible-Asset or its related term are showing as below:
ASX:PCG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.81 Med: 7.81 Max: 8.31
Current: 8.31
During the past 1 years, Pengana Capital Group's highest Return-on-Tangible-Asset was 8.31%. The lowest was 7.81%. And the median was 7.81%.
ASX:PCG's Return-on-Tangible-Asset is ranked better than 66.61% of 1635
companies
in the Asset Management industry
Industry Median: 4.23
vs ASX:PCG: 8.31
Pengana Capital Group (ASX:PCG) Return-on-Tangible-Asset Explanation
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.
Pengana Capital Group Return-on-Tangible-Asset Related Terms
Pengana Capital Group Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Pengana Capital Group'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.
Pengana Capital Group Return-on-Tangible-Asset Chart
Pengana Capital Group Annual Data
Trend
Jun25
Return-on-Tangible-Asset
7.81
Pengana Capital Group Semi-Annual Data
Dec24
Jun25
Dec25
Return-on-Tangible-Asset
5.76
9.85
7.45
ASX:PCG vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Pengana Capital Group'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.
Pengana Capital Group Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Pengana Capital Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Pengana Capital Group'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 two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 7.45% mean?
Pengana Capital Group (ASX:PCG) has a Return-on-Tangible-Asset of 7.45% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Pengana Capital Group and its competitors. This is near median its historical median of 7.81. Over the past decade, Pengana Capital Group's Return-on-Tangible-Asset has ranged from 7.81 to 8.31. According to the industry distribution chart, Pengana Capital Group ranks #546 out of 1635 companies in the Asset Management industry, placing it in the top 33.4%.
Is Pengana Capital Group's Return-on-Tangible-Asset too high?
Pengana Capital Group's current Return-on-Tangible-Asset of 7.45% is near median its 10-year median of 7.81. Over the past 10 years, this metric has ranged from a low of 7.81 to a high of 8.31. The Asset Management industry median Return-on-Tangible-Asset is 4.23. Pengana Capital Group's value of 7.45% is 76.1% above this industry median. Based on the distribution chart, Pengana Capital Group ranks #546 out of 1635 companies in the Asset Management industry, which is above the industry midpoint. Overall, Pengana Capital Group has a GF Score™ of 33/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pengana Capital Group's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Pengana Capital Group ranks #546 out of 1635 companies for Return-on-Tangible-Asset. This puts Pengana Capital Group in the upper half of its industry. The industry median Return-on-Tangible-Asset is 4.23. Pengana Capital Group's value of 7.45% is 76.1% above this benchmark. Historically, Pengana Capital Group's own Return-on-Tangible-Asset has ranged from 7.81 to 8.31 over the past decade. While the company's 10-year median is 7.81 vs. the industry median of 4.23, Pengana Capital Group 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 4.23, based on 1,635 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. Pengana Capital Group's current Return-on-Tangible-Asset of 7.45% is 76.1% 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 Pengana Capital Group and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pengana Capital Group's current Return-on-Tangible-Asset is 7.45%, which is near median its own 10-year median of 7.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pengana Capital Group stock overvalued right now?
Based on GuruFocus' analysis, Pengana Capital Group (ASX:PCG) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.34, compared to a current price of A$0.75 — trading 119.1% above its estimated fair value. The current Return-on-Tangible-Asset is 7.45%, which is near median its 10-year median of 7.81 and 76.1% above the Asset Management industry median of 4.23. Pengana Capital Group's overall GF Score™ is 33/100 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 Pengana Capital Group (ASX:PCG), the current Return-on-Tangible-Asset is 7.45% 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 Pengana Capital Group (ASX:PCG) Overvalued in 2026?
Based on GuruFocus' analysis, Pengana Capital Group stock appears to be overvalued.
The current stock price of A$0.75 is trading 119.1% above its estimated GF Value™ of A$0.34.
GuruFocus considers Pengana Capital Group to be Significantly Overvalued.
Key valuation signals for ASX:PCG:
Return-on-Tangible-Asset: 7.45% (near median its 10-year median of 7.81)
GF Value™: A$0.34 vs. price of A$0.75 (119.1% above fair value)
Industry Position: 76.1% above the Asset Management median (#546 of 1635)
No single metric tells the full story. See the ASX:PCG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pengana Capital Group Ltd is a diversified fund management company. Its objective is to increase investor wealth by developing, offering, and managing investment funds in Australia and globally as opportunities arise. It operates in one operating segment being the development, offering of, and management of investment funds.
33GF Score
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