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Gladstone InvestmentLTS:0IVR +2.97%59 Return-on-Tangible-Asset is 25.75% as of Mar. 2026, which is 174% above its 10-year median of 9.40. GuruFocus rates LTS:0IVR with a GF Score™ of 59/100 and a GF Value™ of $28.57 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,634 Asset Management companies, Gladstone Investment ranks better than 81.03% 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. Gladstone Investment's annualizedNet Income for the quarter that ended in Mar. 2026 was $329.5 Mil. Gladstone Investment's average total tangible assets for the quarter that ended in Mar. 2026 was $1,279.7 Mil. Therefore, Gladstone Investment's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 25.75%.
The historical rank and industry rank for Gladstone Investment's Return-on-Tangible-Asset or its related term are showing as below:
LTS:0IVR'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.19 Med: 9.4 Max: 16.03
Current: 16.03
During the past 13 years, Gladstone Investment's highest Return-on-Tangible-Asset was 16.03%. The lowest was -1.19%. And the median was 9.40%.
LTS:0IVR's Return-on-Tangible-Asset is ranked better than 81.03% of 1634
companies
in the Asset Management industry
Industry Median: 4.46
vs LTS:0IVR: 16.03
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.
Gladstone Investment Return-on-Tangible-Asset Related Terms
Gladstone Investment Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Gladstone Investment'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.
LTS:0IVR vs PDT, MUJ, ACP: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Gladstone Investment'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.
Gladstone Investment Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Gladstone Investment's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Gladstone Investment'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 25.75% mean?
Gladstone Investment (LTS:0IVR) has a Return-on-Tangible-Asset of 25.75% 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 Gladstone Investment and its competitors. This is 174% above median its historical median of 9.40. According to the industry distribution chart, Gladstone Investment ranks #310 out of 1634 companies in the Asset Management industry, placing it in the top 19%.
Is Gladstone Investment's Return-on-Tangible-Asset too high?
Gladstone Investment's current Return-on-Tangible-Asset of 25.75% is 174% above median its 10-year median of 9.40. The Asset Management industry median Return-on-Tangible-Asset is 4.46. Gladstone Investment's value of 25.75% is 477.4% above this industry median. Based on the distribution chart, Gladstone Investment ranks #310 out of 1634 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Gladstone Investment has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Gladstone Investment's Return-on-Tangible-Asset compare to PDT and MUJ?
According to the Asset Management industry distribution chart, Gladstone Investment ranks #310 out of 1634 companies for Return-on-Tangible-Asset. This places Gladstone Investment in the top 19% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.46. Gladstone Investment's value of 25.75% is 477.4% above this benchmark. While the company's 10-year median is 9.40 vs. the industry median of 4.46, Gladstone Investment 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 4.46, based on 1,634 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. Gladstone Investment's current Return-on-Tangible-Asset of 25.75% is 477.4% 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 Gladstone Investment and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gladstone Investment's current Return-on-Tangible-Asset is 25.75%, which is 174% above median its own 10-year median of 9.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gladstone Investment stock overvalued right now?
Based on GuruFocus' analysis, Gladstone Investment (LTS:0IVR) is currently considered Possible Value Trap. The stock's GF Value™ is $28.57, compared to a current price of $16.97 — trading 40.6% below its estimated fair value. The current Return-on-Tangible-Asset is 25.75%, which is 174% above median its 10-year median of 9.40 and 477.4% above the Asset Management industry median of 4.46. Gladstone Investment's overall GF Score™ is 59/100 with 7 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 Gladstone Investment (LTS:0IVR), the current Return-on-Tangible-Asset is 25.75% 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 Gladstone Investment (LTS:0IVR) Overvalued in 2026?
Based on GuruFocus' analysis, Gladstone Investment stock appears to be undervalued.
The current stock price of $16.97 is trading 40.6% below its estimated GF Value™ of $28.57.
GuruFocus considers Gladstone Investment to be Possible Value Trap.
Key valuation signals for LTS:0IVR:
Return-on-Tangible-Asset: 25.75% (174% above median its 10-year median of 9.40)
GF Value™: $28.57 vs. price of $16.97 (40.6% below fair value)
Industry Position: 477.4% above the Asset Management median (#310 of 1634)
No single metric tells the full story. See the LTS:0IVR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gladstone Investment Corp operates as an externally managed, closed-end, non-diversified management investment company. Its objective is to invest in debt and equity securities of established private businesses operating in the U.S., to achieve and grow current income by investing in debt securities of established businesses, and to provide stockholders with long-term capital appreciation in the value of its assets by investing in equity securities of established businesses. It focuses on investing in lower-middle-market private businesses.
59GF Score
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