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Impax Asset Management GroupLSE:IPX +6.11%63 Return-on-Tangible-Asset is 9.17% as of Mar. 2026, which is 59% below its 10-year median of 22.27. GuruFocus rates LSE:IPX with a GF Score™ of 63/100 and a GF Value™ of £2.41 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,633 Asset Management companies, Impax Asset Management Group ranks better than 72.2% on this metric.
The historical rank and industry rank for Impax Asset Management Group's Return-on-Tangible-Asset or its related term are showing as below:
LSE:IPX'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 10.85 Med: 22.27 Max: 37.86
Current: 10.85
During the past 13 years, Impax Asset Management Group's highest Return-on-Tangible-Asset was 37.86%. The lowest was 10.85%. And the median was 22.27%.
LSE:IPX's Return-on-Tangible-Asset is ranked better than 72.2% of 1633
companies
in the Asset Management industry
Industry Median: 4.25
vs LSE:IPX: 10.85
Impax Asset Management Group (LSE:IPX) 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.
Impax Asset Management Group Return-on-Tangible-Asset Related Terms
Impax Asset Management Group 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.
Impax Asset Management Group Return-on-Tangible-Asset Chart
LSE:IPX vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Impax Asset Management 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.
Impax Asset Management Group Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Impax Asset Management Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Impax Asset Management 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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 9.17% mean?
Impax Asset Management Group (LSE:IPX) has a Return-on-Tangible-Asset of 9.17% 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 Impax Asset Management Group and its competitors. This is 59% below median its historical median of 22.27. Over the past decade, Impax Asset Management Group's Return-on-Tangible-Asset has ranged from 10.85 to 37.86. According to the industry distribution chart, Impax Asset Management Group ranks #454 out of 1633 companies in the Asset Management industry, placing it in the top 27.8%.
Is Impax Asset Management Group's Return-on-Tangible-Asset too high?
Impax Asset Management Group's current Return-on-Tangible-Asset of 9.17% is 59% below median its 10-year median of 22.27. Over the past 10 years, this metric has ranged from a low of 10.85 to a high of 37.86. The Asset Management industry median Return-on-Tangible-Asset is 4.25. Impax Asset Management Group's value of 9.17% is 115.8% above this industry median. Based on the distribution chart, Impax Asset Management Group ranks #454 out of 1633 companies in the Asset Management industry, which is above the industry midpoint. Overall, Impax Asset Management Group has a GF Score™ of 63/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Impax Asset Management Group's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Impax Asset Management Group ranks #454 out of 1633 companies for Return-on-Tangible-Asset. This puts Impax Asset Management Group in the upper half of its industry. The industry median Return-on-Tangible-Asset is 4.25. Impax Asset Management Group's value of 9.17% is 115.8% above this benchmark. Historically, Impax Asset Management Group's own Return-on-Tangible-Asset has ranged from 10.85 to 37.86 over the past decade. While the company's 10-year median is 22.27 vs. the industry median of 4.25, Impax Asset Management 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 4.25, 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. Impax Asset Management Group's current Return-on-Tangible-Asset of 9.17% is 115.8% 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 Impax Asset Management Group 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. Impax Asset Management Group's current Return-on-Tangible-Asset is 9.17%, which is 59% below median its own 10-year median of 22.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Impax Asset Management Group stock overvalued right now?
Based on GuruFocus' analysis, Impax Asset Management Group (LSE:IPX) is currently considered Significantly Undervalued. The stock's GF Value™ is £2.41, compared to a current price of £1.15 — trading 52.4% below its estimated fair value. The current Return-on-Tangible-Asset is 9.17%, which is 59% below median its 10-year median of 22.27 and 115.8% above the Asset Management industry median of 4.25. Impax Asset Management Group's overall GF Score™ is 63/100 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 Impax Asset Management Group (LSE:IPX), the current Return-on-Tangible-Asset is 9.17% 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 Impax Asset Management Group (LSE:IPX) Overvalued in 2026?
Based on GuruFocus' analysis, Impax Asset Management Group stock appears to be undervalued.
The current stock price of £1.15 is trading 52.4% below its estimated GF Value™ of £2.41.
GuruFocus considers Impax Asset Management Group to be Significantly Undervalued.
Key valuation signals for LSE:IPX:
Return-on-Tangible-Asset: 9.17% (59% below median its 10-year median of 22.27)
GF Value™: £2.41 vs. price of £1.15 (52.4% below fair value)
Industry Position: 115.8% above the Asset Management median (#454 of 1633)
No single metric tells the full story. See the LSE:IPX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Impax Asset Management Group PLC is an investment firm. It operates in both listed and private markets strategies, investing in the opportunities arising from the transition to a more sustainable economy. The Group is managed on an integrated basis and there is one reportable segment The company offers listed and private equity strategies to institutional clients, with assets under management and advice. Geographically, it derives a majority of revenue from North America and also has a presence in UK; France; Luxembourg; Netherlands; Ireland; Australia and other regions.
63GF Score
Get the complete analysis for LSE:IPX
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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