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Blackstone Long-Short Creditome FundBGX 40 Return-on-Tangible-Asset is 3.92% as of Dec. 2025, which is 13% below its 10-year median of 4.49. GuruFocus rates BGX with a GF Score™ of 40/100 and a GF Value™ of $7.21 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,637 Asset Management companies, Blackstone Long-Short Creditome Fund ranks worse than 55.77% on this metric.
The historical rank and industry rank for Blackstone Long-Short Creditome Fund's Return-on-Tangible-Asset or its related term are showing as below:
BGX'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7.09 Med: 4.49 Max: 8.75
Current: 3.42
During the past 9 years, Blackstone Long-Short Creditome Fund's highest Return-on-Tangible-Asset was 8.75%. The lowest was -7.09%. And the median was 4.49%.
BGX's Return-on-Tangible-Asset is ranked worse than 55.77% of 1637
companies
in the Asset Management industry
Industry Median: 4.39
vs BGX: 3.42
Blackstone Long-Short Creditome Fund (NYSE:BGX) 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.
Blackstone Long-Short Creditome Fund Return-on-Tangible-Asset Related Terms
Blackstone Long-Short Creditome Fund 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.
Blackstone Long-Short Creditome Fund Return-on-Tangible-Asset Chart
BGX vs CEE, BCV, HYI: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Blackstone Long-Short Creditome Fund'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.
Blackstone Long-Short Creditome Fund Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Blackstone Long-Short Creditome Fund's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Blackstone Long-Short Creditome Fund'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 3.92% mean?
Blackstone Long-Short Creditome Fund (BGX) has a Return-on-Tangible-Asset of 3.92% 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 Blackstone Long-Short Creditome Fund and its competitors. This is 13% below median its historical median of 4.49. According to the industry distribution chart, Blackstone Long-Short Creditome Fund ranks #913 out of 1637 companies in the Asset Management industry, placing it in the top 55.8%.
Is Blackstone Long-Short Creditome Fund's Return-on-Tangible-Asset too high?
Blackstone Long-Short Creditome Fund's current Return-on-Tangible-Asset of 3.92% is 13% below median its 10-year median of 4.49. The Asset Management industry median Return-on-Tangible-Asset is 4.39. Blackstone Long-Short Creditome Fund's value of 3.92% is 10.7% below this industry median. Based on the distribution chart, Blackstone Long-Short Creditome Fund ranks #913 out of 1637 companies in the Asset Management industry, which is below the industry midpoint. Overall, Blackstone Long-Short Creditome Fund has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Blackstone Long-Short Creditome Fund's Return-on-Tangible-Asset compare to CEE and BCV?
According to the Asset Management industry distribution chart, Blackstone Long-Short Creditome Fund ranks #913 out of 1637 companies for Return-on-Tangible-Asset. This places Blackstone Long-Short Creditome Fund in the lower half of its industry. The industry median Return-on-Tangible-Asset is 4.39. Blackstone Long-Short Creditome Fund's value of 3.92% is 10.7% below this benchmark. While the company's 10-year median is 4.49 vs. the industry median of 4.39, Blackstone Long-Short Creditome Fund has consistently been below 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 4.39, based on 1,637 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. Blackstone Long-Short Creditome Fund's current Return-on-Tangible-Asset of 3.92% is 10.7% below 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 Blackstone Long-Short Creditome Fund and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Blackstone Long-Short Creditome Fund's current Return-on-Tangible-Asset is 3.92%, which is 13% below median its own 10-year median of 4.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blackstone Long-Short Creditome Fund stock overvalued right now?
Based on GuruFocus' analysis, Blackstone Long-Short Creditome Fund (BGX) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.21, compared to a current price of $10.83 — trading 50.2% above its estimated fair value. The current Return-on-Tangible-Asset is 3.92%, which is 13% below median its 10-year median of 4.49 and 10.7% below the Asset Management industry median of 4.39. Blackstone Long-Short Creditome Fund's overall GF Score™ is 40/100 with 5 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 Blackstone Long-Short Creditome Fund (BGX), the current Return-on-Tangible-Asset is 3.92% 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 Blackstone Long-Short Creditome Fund (BGX) Overvalued in 2026?
Based on GuruFocus' analysis, Blackstone Long-Short Creditome Fund stock appears to be overvalued.
The current stock price of $10.83 is trading 50.2% above its estimated GF Value™ of $7.21.
GuruFocus considers Blackstone Long-Short Creditome Fund to be Significantly Overvalued.
Key valuation signals for BGX:
Return-on-Tangible-Asset: 3.92% (13% below median its 10-year median of 4.49)
GF Value™: $7.21 vs. price of $10.83 (50.2% above fair value)
Industry Position: 10.7% below the Asset Management median (#913 of 1637)
No single metric tells the full story. See the BGX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Blackstone Long-Short Credit Income Fund is a diversified, closed-end management investment company. The fund's primary investment objective is to seek high current income, with a secondary objective to seek preservation of capital, consistent with its primary goal of high current income. The company's seeks to achieve its investment objectives by employing a dynamic long-short strategies in a diversified portfolio of loans and fixed-income instruments of predominantly U.S. corporate issuers, including first and second-lien secured loans (Secured Loans) and high-yield corporate bonds of varying maturities.
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