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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. Runway Growth Finance's annualizedNet Income for the quarter that ended in Mar. 2026 was $-139.27 Mil. Runway Growth Finance's average total tangible assets for the quarter that ended in Mar. 2026 was $932.52 Mil. Therefore, Runway Growth Finance's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -14.93%.
The historical rank and industry rank for Runway Growth Finance's Return-on-Tangible-Asset or its related term are showing as below:
RWAY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.27 Med: 5.35 Max: 8.13
Current: -0.27
During the past 8 years, Runway Growth Finance's highest Return-on-Tangible-Asset was 8.13%. The lowest was -0.27%. And the median was 5.35%.
RWAY's Return-on-Tangible-Asset is ranked worse than 75.9% of 1635
companies
in the Asset Management industry
Industry Median: 4.23
vs RWAY: -0.27
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.
Runway Growth Finance Return-on-Tangible-Asset Related Terms
Runway Growth Finance Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Runway Growth Finance'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.
RWAY vs NPV, SRV, LIEN: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Runway Growth Finance'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.
Runway Growth Finance Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Runway Growth Finance's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Runway Growth Finance'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 -14.93% mean?
Runway Growth Finance (RWAY) has a Return-on-Tangible-Asset of -14.93% 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 Runway Growth Finance and its competitors. According to the industry distribution chart, Runway Growth Finance ranks #1241 out of 1635 companies in the Asset Management industry, placing it in the top 75.9%.
Is Runway Growth Finance's Return-on-Tangible-Asset too high?
Runway Growth Finance's current Return-on-Tangible-Asset is -14.93%. Based on the distribution chart, Runway Growth Finance ranks #1241 out of 1635 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Runway Growth Finance has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Runway Growth Finance's Return-on-Tangible-Asset compare to NPV and SRV?
According to the Asset Management industry distribution chart, Runway Growth Finance ranks #1241 out of 1635 companies for Return-on-Tangible-Asset. This places Runway Growth Finance in the lower half of its industry. The industry median Return-on-Tangible-Asset is 4.23. 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 4.23, 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. 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 Runway Growth Finance and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Runway Growth Finance's current Return-on-Tangible-Asset is -14.93%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Runway Growth Finance stock overvalued right now?
Based on GuruFocus' analysis, Runway Growth Finance (RWAY) is currently considered Possible Value Trap. The stock's GF Value™ is $10.27, compared to a current price of $5.63 — trading 45.2% below its estimated fair value. The current Return-on-Tangible-Asset is -14.93%. Runway Growth Finance's overall GF Score™ is 58/100 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 Runway Growth Finance (RWAY), the current Return-on-Tangible-Asset is -14.93% 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 Runway Growth Finance (RWAY) Overvalued in 2026?
Based on GuruFocus' analysis, Runway Growth Finance stock appears to be undervalued.
The current stock price of $5.63 is trading 45.2% below its estimated GF Value™ of $10.27.
GuruFocus considers Runway Growth Finance to be Possible Value Trap.
Key valuation signals for RWAY:
Return-on-Tangible-Asset: -14.93%
GF Value™: $10.27 vs. price of $5.63 (45.2% below fair value)
No single metric tells the full story. See the RWAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Runway Growth Finance Corp is a specialty finance company focused on providing senior secured loans to high-growth-potential companies in technology, life sciences, healthcare information and services, business services, select consumer services and products, and other high-growth industries. The company has Investments in the United States, Germany, and UK, Canada, Netherlands, with the majority of its portfolio invested in the United States. The company's investment objective is to maximize its total return to its stockholders through current income on its loan portfolio, and secondarily through capital gain on its warrants and other equity positions.
58GF Score
Get the complete analysis for RWAY
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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