FS Credit OpportunitiesFSCO -0.63%44 Return-on-Tangible-Asset is 3.98% as of Dec. 2025, which is 48% below its 10-year median of 7.60. GuruFocus rates FSCO with a GF Score™ of 44/100 and a GF Value™ of $5.33 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,635 Asset Management companies, FS Credit Opportunities ranks better than 61.28% 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. FS Credit Opportunities's annualizedNet Income for the quarter that ended in Dec. 2025 was $85.9 Mil. FS Credit Opportunities's average total tangible assets for the quarter that ended in Dec. 2025 was $2,158.6 Mil. Therefore, FS Credit Opportunities's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 3.98%.
The historical rank and industry rank for FS Credit Opportunities's Return-on-Tangible-Asset or its related term are showing as below:
FSCO'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7.73 Med: 7.6 Max: 11.85
Current: 6.76
During the past 4 years, FS Credit Opportunities's highest Return-on-Tangible-Asset was 11.85%. The lowest was -7.73%. And the median was 7.60%.
FSCO's Return-on-Tangible-Asset is ranked better than 61.28% of 1635
companies
in the Asset Management industry
Industry Median: 4.13
vs FSCO: 6.76
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.
FS Credit Opportunities Return-on-Tangible-Asset Related Terms
FS Credit Opportunities Return-on-Tangible-Asset Historical Data
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The historical data trend for FS Credit Opportunities'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.
FSCO vs RNP, VRTS, EMO: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, FS Credit Opportunities'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.
FS Credit Opportunities Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, FS Credit Opportunities's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where FS Credit Opportunities'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 3.98% mean?
FS Credit Opportunities (FSCO) has a Return-on-Tangible-Asset of 3.98% 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 FS Credit Opportunities and its competitors. This is 48% below median its historical median of 7.60. According to the industry distribution chart, FS Credit Opportunities ranks #633 out of 1635 companies in the Asset Management industry, placing it in the top 38.7%.
Is FS Credit Opportunities' Return-on-Tangible-Asset too high?
FS Credit Opportunities' current Return-on-Tangible-Asset of 3.98% is 48% below median its 10-year median of 7.60. The Asset Management industry median Return-on-Tangible-Asset is 4.13. FS Credit Opportunities' value of 3.98% is 3.6% below this industry median. Based on the distribution chart, FS Credit Opportunities ranks #633 out of 1635 companies in the Asset Management industry, which is above the industry midpoint. Overall, FS Credit Opportunities has a GF Score™ of 44/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does FS Credit Opportunities' Return-on-Tangible-Asset compare to RNP and VRTS?
According to the Asset Management industry distribution chart, FS Credit Opportunities ranks #633 out of 1635 companies for Return-on-Tangible-Asset. This puts FS Credit Opportunities in the upper half of its industry. The industry median Return-on-Tangible-Asset is 4.13. FS Credit Opportunities' value of 3.98% is 3.6% below this benchmark. While the company's 10-year median is 7.60 vs. the industry median of 4.13, FS Credit Opportunities 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 4.13, 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. FS Credit Opportunities's current Return-on-Tangible-Asset of 3.98% is 3.6% 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 FS Credit Opportunities and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FS Credit Opportunities's current Return-on-Tangible-Asset is 3.98%, which is 48% below median its own 10-year median of 7.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FS Credit Opportunities stock overvalued right now?
Based on GuruFocus' analysis, FS Credit Opportunities (FSCO) is currently considered Fairly Valued. The stock's GF Value™ is $5.33, compared to a current price of $4.91 — trading 7.9% below its estimated fair value. The current Return-on-Tangible-Asset is 3.98%, which is 48% below median its 10-year median of 7.60 and 3.6% below the Asset Management industry median of 4.13. FS Credit Opportunities' overall GF Score™ is 44/100 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 FS Credit Opportunities (FSCO), the current Return-on-Tangible-Asset is 3.98% 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 FS Credit Opportunities (FSCO) Overvalued in 2026?
Based on GuruFocus' analysis, FS Credit Opportunities stock appears to be undervalued.
The current stock price of $4.91 is trading 7.9% below its estimated GF Value™ of $5.33.
GuruFocus considers FS Credit Opportunities to be Fairly Valued.
Key valuation signals for FSCO:
Return-on-Tangible-Asset: 3.98% (48% below median its 10-year median of 7.60)
GF Value™: $5.33 vs. price of $4.91 (7.9% below fair value)
Industry Position: 3.6% below the Asset Management median (#633 of 1635)
No single metric tells the full story. See the FSCO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FS Credit Opportunities Corp is a closed-end management investment company. The Fund's primary investment objective is to generate an attractive total return consisting of a high level of current income and capital appreciation, with a secondary objective of capital preservation. It predominantly invests in a portfolio of secured and unsecured floating and fixed-rate loans, bonds, and other types of credit instruments. The credit instruments in which it invests are typically rated below investment grade by rating agencies or would be rated below investment grade if rated. To achieve its investment objectives, the fund focuses on strategies such as Opportunistic Credit, Special Situations, and Capital Structure Solutions.
44GF Score
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