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Chicago Atlantic BDCLIEN +0.57%42 Return-on-Tangible-Asset is 9.55% as of Mar. 2026, which is 44% above its 10-year median of 6.65. GuruFocus rates LIEN with a GF Score™ of 42/100 and a GF Value™ of $14.39 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,633 Asset Management companies, Chicago Atlantic BDC ranks better than 70.67% 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. Chicago Atlantic BDC's annualizedNet Income for the quarter that ended in Mar. 2026 was $34.14 Mil. Chicago Atlantic BDC's average total tangible assets for the quarter that ended in Mar. 2026 was $357.56 Mil. Therefore, Chicago Atlantic BDC's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 9.55%.
The historical rank and industry rank for Chicago Atlantic BDC's Return-on-Tangible-Asset or its related term are showing as below:
LIEN'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.32 Med: 6.65 Max: 10.22
Current: 10.13
During the past 5 years, Chicago Atlantic BDC's highest Return-on-Tangible-Asset was 10.22%. The lowest was -1.32%. And the median was 6.65%.
LIEN's Return-on-Tangible-Asset is ranked better than 70.67% of 1633
companies
in the Asset Management industry
Industry Median: 4.25
vs LIEN: 10.13
Chicago Atlantic BDC (NAS:LIEN) 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.
Chicago Atlantic BDC Return-on-Tangible-Asset Related Terms
Chicago Atlantic BDC Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Chicago Atlantic BDC'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.
Chicago Atlantic BDC Return-on-Tangible-Asset Chart
LIEN vs SABA, SRV, MFM: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Chicago Atlantic BDC'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.
Chicago Atlantic BDC Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Chicago Atlantic BDC's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Chicago Atlantic BDC'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 9.55% mean?
Chicago Atlantic BDC (LIEN) has a Return-on-Tangible-Asset of 9.55% 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 Chicago Atlantic BDC and its competitors. This is 44% above median its historical median of 6.65. According to the industry distribution chart, Chicago Atlantic BDC ranks #479 out of 1633 companies in the Asset Management industry, placing it in the top 29.3%.
Is Chicago Atlantic BDC's Return-on-Tangible-Asset too high?
Chicago Atlantic BDC's current Return-on-Tangible-Asset of 9.55% is 44% above median its 10-year median of 6.65. The Asset Management industry median Return-on-Tangible-Asset is 4.25. Chicago Atlantic BDC's value of 9.55% is 124.7% above this industry median. Based on the distribution chart, Chicago Atlantic BDC ranks #479 out of 1633 companies in the Asset Management industry, which is above the industry midpoint. Overall, Chicago Atlantic BDC has a GF Score™ of 42/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Chicago Atlantic BDC's Return-on-Tangible-Asset compare to SABA and SRV?
According to the Asset Management industry distribution chart, Chicago Atlantic BDC ranks #479 out of 1633 companies for Return-on-Tangible-Asset. This puts Chicago Atlantic BDC in the upper half of its industry. The industry median Return-on-Tangible-Asset is 4.25. Chicago Atlantic BDC's value of 9.55% is 124.7% above this benchmark. While the company's 10-year median is 6.65 vs. the industry median of 4.25, Chicago Atlantic BDC 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 4.25, based on 1,633 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. Chicago Atlantic BDC's current Return-on-Tangible-Asset of 9.55% is 124.7% 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 Chicago Atlantic BDC and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chicago Atlantic BDC's current Return-on-Tangible-Asset is 9.55%, which is 44% above median its own 10-year median of 6.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chicago Atlantic BDC stock overvalued right now?
Based on GuruFocus' analysis, Chicago Atlantic BDC (LIEN) is currently considered Possible Value Trap. The stock's GF Value™ is $14.39, compared to a current price of $9.88 — trading 31.3% below its estimated fair value. The current Return-on-Tangible-Asset is 9.55%, which is 44% above median its 10-year median of 6.65 and 124.7% above the Asset Management industry median of 4.25. Chicago Atlantic BDC's overall GF Score™ is 42/100 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 Chicago Atlantic BDC (LIEN), the current Return-on-Tangible-Asset is 9.55% 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 Chicago Atlantic BDC (LIEN) Overvalued in 2026?
Based on GuruFocus' analysis, Chicago Atlantic BDC stock appears to be undervalued.
The current stock price of $9.88 is trading 31.3% below its estimated GF Value™ of $14.39.
GuruFocus considers Chicago Atlantic BDC to be Possible Value Trap.
Key valuation signals for LIEN:
Return-on-Tangible-Asset: 9.55% (44% above median its 10-year median of 6.65)
GF Value™: $14.39 vs. price of $9.88 (31.3% below fair value)
Industry Position: 124.7% above the Asset Management median (#479 of 1633)
No single metric tells the full story. See the LIEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chicago Atlantic BDC Inc is a specialty finance company. The company is an externally managed, closed-end, non-diversified management investment company with an investment objective to maximize risk-adjusted returns on equity for its stockholders by investing in direct loans to privately held middle-market companies, with a focus on cannabis companies.
42GF Score
Get the complete analysis for LIEN
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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