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Pengana Private Equity TrustASX:PE1 +3.34%55 Return-on-Tangible-Asset is 12.51% as of Dec. 2025, which is 77% above its 10-year median of 7.06. GuruFocus rates ASX:PE1 with a GF Score™ of 55/100 and a GF Value™ of A$1.08 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,635 Asset Management companies, Pengana Private Equity Trust ranks better than 53.7% on this metric.
The historical rank and industry rank for Pengana Private Equity Trust's Return-on-Tangible-Asset or its related term are showing as below:
ASX:PE1'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.03 Med: 7.06 Max: 18.34
Current: 5.06
During the past 6 years, Pengana Private Equity Trust's highest Return-on-Tangible-Asset was 18.34%. The lowest was -0.03%. And the median was 7.06%.
ASX:PE1's Return-on-Tangible-Asset is ranked better than 53.7% of 1635
companies
in the Asset Management industry
Industry Median: 4.23
vs ASX:PE1: 5.06
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 Private Equity Trust Return-on-Tangible-Asset Related Terms
Pengana Private Equity Trust 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.
ASX:PE1 vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Pengana Private Equity Trust'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 Private Equity Trust Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Pengana Private Equity Trust's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Pengana Private Equity Trust'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 12.51% mean?
Pengana Private Equity Trust (ASX:PE1) has a Return-on-Tangible-Asset of 12.51% 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 Private Equity Trust and its competitors. This is 77% above median its historical median of 7.06. According to the industry distribution chart, Pengana Private Equity Trust ranks #757 out of 1635 companies in the Asset Management industry, placing it in the top 46.3%.
Is Pengana Private Equity Trust's Return-on-Tangible-Asset too high?
Pengana Private Equity Trust's current Return-on-Tangible-Asset of 12.51% is 77% above median its 10-year median of 7.06. The Asset Management industry median Return-on-Tangible-Asset is 4.23. Pengana Private Equity Trust's value of 12.51% is 195.7% above this industry median. Based on the distribution chart, Pengana Private Equity Trust ranks #757 out of 1635 companies in the Asset Management industry, which is above the industry midpoint. Overall, Pengana Private Equity Trust has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pengana Private Equity Trust's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Pengana Private Equity Trust ranks #757 out of 1635 companies for Return-on-Tangible-Asset. This puts Pengana Private Equity Trust in the upper half of its industry. The industry median Return-on-Tangible-Asset is 4.23. Pengana Private Equity Trust's value of 12.51% is 195.7% above this benchmark. While the company's 10-year median is 7.06 vs. the industry median of 4.23, Pengana Private Equity Trust 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 Private Equity Trust's current Return-on-Tangible-Asset of 12.51% is 195.7% 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 Private Equity Trust 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 Private Equity Trust's current Return-on-Tangible-Asset is 12.51%, which is 77% above median its own 10-year median of 7.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pengana Private Equity Trust stock overvalued right now?
Based on GuruFocus' analysis, Pengana Private Equity Trust (ASX:PE1) is currently considered Significantly Overvalued. The stock's GF Value™ is A$1.08, compared to a current price of A$1.55 — trading 43.1% above its estimated fair value. The current Return-on-Tangible-Asset is 12.51%, which is 77% above median its 10-year median of 7.06 and 195.7% above the Asset Management industry median of 4.23. Pengana Private Equity Trust's overall GF Score™ is 55/100 with 4 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 Private Equity Trust (ASX:PE1), the current Return-on-Tangible-Asset is 12.51% 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 Private Equity Trust (ASX:PE1) Overvalued in 2026?
Based on GuruFocus' analysis, Pengana Private Equity Trust stock appears to be overvalued.
The current stock price of A$1.55 is trading 43.1% above its estimated GF Value™ of A$1.08.
GuruFocus considers Pengana Private Equity Trust to be Significantly Overvalued.
Key valuation signals for ASX:PE1:
Return-on-Tangible-Asset: 12.51% (77% above median its 10-year median of 7.06)
GF Value™: A$1.08 vs. price of A$1.55 (43.1% above fair value)
Industry Position: 195.7% above the Asset Management median (#757 of 1635)
No single metric tells the full story. See the ASX:PE1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pengana Private Equity Trust is an Australia-based company engaged in providing a diversified portfolio of private market investments via a listed investment trust structure. The Trust's investment objective is to generate, over an investment horizon of at least 10 years, returns and capital growth through a selective and diversified approach to private markets.
55GF Score
Get the complete analysis for ASX:PE1
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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