Synchrony FinancialSYF +5.41%76 Return-on-Tangible-Asset is 2.74% as of Mar. 2026, which is 6% below its 10-year median of 2.91. GuruFocus rates SYF with a GF Score™ of 76/100 and a GF Value™ of $66.44 (Fairly Valued). The stock has 2 warning signs investors should review. Among 544 Credit Services companies, Synchrony Financial ranks better than 65.62% 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. Synchrony Financial's annualizedNet Income for the quarter that ended in Mar. 2026 was $3,220 Mil. Synchrony Financial's average total tangible assets for the quarter that ended in Mar. 2026 was $117,696 Mil. Therefore, Synchrony Financial's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.74%.
The historical rank and industry rank for Synchrony Financial's Return-on-Tangible-Asset or its related term are showing as below:
SYF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.41 Med: 2.91 Max: 4.51
Current: 3.06
During the past 13 years, Synchrony Financial's highest Return-on-Tangible-Asset was 4.51%. The lowest was 1.41%. And the median was 2.91%.
SYF's Return-on-Tangible-Asset is ranked better than 65.62% of 544
companies
in the Credit Services industry
Industry Median: 1.93
vs SYF: 3.06
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.
Synchrony Financial Return-on-Tangible-Asset Related Terms
Synchrony Financial Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Synchrony Financial'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.
SYF vs AFRM, SOFI, ALLY: Return-on-Tangible-Asset Comparison
For the Credit Services subindustry, Synchrony Financial'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.
Synchrony Financial Return-on-Tangible-Asset vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Synchrony Financial's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Synchrony Financial'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 2.74% mean?
Synchrony Financial (SYF) has a Return-on-Tangible-Asset of 2.74% 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 Synchrony Financial and its competitors. This is near median its historical median of 2.91. Over the past decade, Synchrony Financial's Return-on-Tangible-Asset has ranged from 1.41 to 4.51. According to the industry distribution chart, Synchrony Financial ranks #187 out of 544 companies in the Credit Services industry, placing it in the top 34.4%.
Is Synchrony Financial's Return-on-Tangible-Asset too high?
Synchrony Financial's current Return-on-Tangible-Asset of 2.74% is near median its 10-year median of 2.91. Over the past 10 years, this metric has ranged from a low of 1.41 to a high of 4.51. The Credit Services industry median Return-on-Tangible-Asset is 1.93. Synchrony Financial's value of 2.74% is 42% above this industry median. Based on the distribution chart, Synchrony Financial ranks #187 out of 544 companies in the Credit Services industry, which is above the industry midpoint. Overall, Synchrony Financial has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Synchrony Financial's Return-on-Tangible-Asset compare to AFRM and SOFI?
According to the Credit Services industry distribution chart, Synchrony Financial ranks #187 out of 544 companies for Return-on-Tangible-Asset. This puts Synchrony Financial in the upper half of its industry. The industry median Return-on-Tangible-Asset is 1.93. Synchrony Financial's value of 2.74% is 42% above this benchmark. Historically, Synchrony Financial's own Return-on-Tangible-Asset has ranged from 1.41 to 4.51 over the past decade. While the company's 10-year median is 2.91 vs. the industry median of 1.93, Synchrony Financial 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 a Credit Services company?
The median Return-on-Tangible-Asset among Credit Services companies is 1.93, based on 544 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. Synchrony Financial's current Return-on-Tangible-Asset of 2.74% is 42% 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 Synchrony Financial and its competitors. For the Credit Services industry, the median Return-on-Tangible-Asset is 1.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Synchrony Financial's current Return-on-Tangible-Asset is 2.74%, which is near median its own 10-year median of 2.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Synchrony Financial stock overvalued right now?
Based on GuruFocus' analysis, Synchrony Financial (SYF) is currently considered Fairly Valued. The stock's GF Value™ is $66.44, compared to a current price of $71.95 — trading 8.3% above its estimated fair value. The current Return-on-Tangible-Asset is 2.74%, which is near median its 10-year median of 2.91 and 42% above the Credit Services industry median of 1.93. Synchrony Financial's overall GF Score™ is 76/100 with 2 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 Synchrony Financial (SYF), the current Return-on-Tangible-Asset is 2.74% 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 Synchrony Financial (SYF) Overvalued in 2026?
Based on GuruFocus' analysis, Synchrony Financial stock appears to be overvalued.
The current stock price of $71.95 is trading 8.3% above its estimated GF Value™ of $66.44.
GuruFocus considers Synchrony Financial to be Fairly Valued.
Key valuation signals for SYF:
Return-on-Tangible-Asset: 2.74% (near median its 10-year median of 2.91)
GF Value™: $66.44 vs. price of $71.95 (8.3% above fair value)
Industry Position: 42% above the Credit Services median (#187 of 544)
No single metric tells the full story. See the SYF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Synchrony Financial, originally a spinoff of GE Capital's retail financing business, is the largest provider of private-label credit cards in the United States by both outstanding receivables and purchasing volume. Synchrony partners with other firms to market its credit products in their physical stores as well as on their websites and mobile applications. Synchrony operates through three segments: retail card (private-label and co-branded general-purpose credit cards), payment solutions (promotional financing for large ticket purchases), and CareCredit (financing for elective healthcare procedures).
76GF Score
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