PhenixFINPFX -0.22%31 Return-on-Tangible-Asset is 1.48% as of Mar. 2026. GuruFocus rates PFX with a GF Score™ of 31/100 and a GF Value™ of $17.34 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,635 Asset Management companies, PhenixFIN ranks worse than 76.21% 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. PhenixFIN's annualizedNet Income for the quarter that ended in Mar. 2026 was $4.53 Mil. PhenixFIN's average total tangible assets for the quarter that ended in Mar. 2026 was $306.48 Mil. Therefore, PhenixFIN's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.48%.
The historical rank and industry rank for PhenixFIN's Return-on-Tangible-Asset or its related term are showing as below:
PFX'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -16.61 Med: -1.99 Max: 11.74
Current: -0.34
During the past 13 years, PhenixFIN's highest Return-on-Tangible-Asset was 11.74%. The lowest was -16.61%. And the median was -1.99%.
PFX's Return-on-Tangible-Asset is ranked worse than 76.21% of 1635
companies
in the Asset Management industry
Industry Median: 4.14
vs PFX: -0.34
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.
PhenixFIN Return-on-Tangible-Asset Related Terms
PhenixFIN Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for PhenixFIN'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.
PFX vs VGI, DFDV, HNNA: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, PhenixFIN'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.
PhenixFIN Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, PhenixFIN's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where PhenixFIN'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 1.48% mean?
PhenixFIN (PFX) has a Return-on-Tangible-Asset of 1.48% 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 PhenixFIN and its competitors. According to the industry distribution chart, PhenixFIN ranks #1246 out of 1635 companies in the Asset Management industry, placing it in the top 76.2%.
Is PhenixFIN's Return-on-Tangible-Asset too high?
PhenixFIN's current Return-on-Tangible-Asset is 1.48%. The Asset Management industry median Return-on-Tangible-Asset is 4.14. PhenixFIN's value of 1.48% is 64.3% below this industry median. Based on the distribution chart, PhenixFIN ranks #1246 out of 1635 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, PhenixFIN has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PhenixFIN's Return-on-Tangible-Asset compare to VGI and DFDV?
According to the Asset Management industry distribution chart, PhenixFIN ranks #1246 out of 1635 companies for Return-on-Tangible-Asset. This places PhenixFIN in the lower half of its industry. The industry median Return-on-Tangible-Asset is 4.14. PhenixFIN's value of 1.48% is 64.3% below this benchmark. 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 4.14, 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. PhenixFIN's current Return-on-Tangible-Asset of 1.48% is 64.3% 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 PhenixFIN and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PhenixFIN's current Return-on-Tangible-Asset is 1.48%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PhenixFIN stock overvalued right now?
Based on GuruFocus' analysis, PhenixFIN (PFX) is currently considered Significantly Overvalued. The stock's GF Value™ is $17.34, compared to a current price of $43.18 — trading 149% above its estimated fair value. The current Return-on-Tangible-Asset is 1.48% and 64.3% below the Asset Management industry median of 4.14. PhenixFIN's overall GF Score™ is 31/100 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 PhenixFIN (PFX), the current Return-on-Tangible-Asset is 1.48% 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 PhenixFIN (PFX) Overvalued in 2026?
Based on GuruFocus' analysis, PhenixFIN stock appears to be overvalued.
The current stock price of $43.18 is trading 149% above its estimated GF Value™ of $17.34.
GuruFocus considers PhenixFIN to be Significantly Overvalued.
Key valuation signals for PFX:
Return-on-Tangible-Asset: 1.48%
GF Value™: $17.34 vs. price of $43.18 (149% above fair value)
Industry Position: 64.3% below the Asset Management median (#1246 of 1635)
No single metric tells the full story. See the PFX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PhenixFIN Corp is a non-diversified closed end management investment company operating in United States. Its investment objective is to generate current income and capital appreciation by lending directly to privately held middle market companies to expand their business, refinance and make acquisitions. It mainly invests in senior secured first lien term loans, senior secured second lien term loans, unitranche, senior secured first lien notes, subordinated notes and warrants and minority equity securities. It may also invest in securities of foreign companies. Portfolio of the company mainly consists of securities across all sectors. Revenue generated by the company comprises of interest income, dividend and other income earned through investments made.
31GF Score
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