Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
BlackRock TCP CapitalTCPC -2.86%24 Return-on-Tangible-Asset is 0.47% as of Jun. 2026, which is 81% below its 10-year median of 2.51. GuruFocus rates TCPC with a GF Score™ of 24/100. Among 1,633 Asset Management companies, BlackRock TCP Capital ranks worse than 84.63% 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. BlackRock TCP Capital's annualizedNet Income for the quarter that ended in Jun. 2026 was $7.00 Mil. BlackRock TCP Capital's average total tangible assets for the quarter that ended in Jun. 2026 was $1,493.01 Mil. Therefore, BlackRock TCP Capital's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 0.47%.
The historical rank and industry rank for BlackRock TCP Capital's Return-on-Tangible-Asset or its related term are showing as below:
TCPC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.47 Med: 2.51 Max: 7.5
Current: -6.47
During the past 13 years, BlackRock TCP Capital's highest Return-on-Tangible-Asset was 7.50%. The lowest was -6.47%. And the median was 2.51%.
TCPC's Return-on-Tangible-Asset is ranked worse than 84.63% of 1633
companies
in the Asset Management industry
Industry Median: 4.58
vs TCPC: -6.47
BlackRock TCP Capital (NAS:TCPC) 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.
BlackRock TCP Capital Return-on-Tangible-Asset Related Terms
BlackRock TCP Capital Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for BlackRock TCP Capital'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.
BlackRock TCP Capital Return-on-Tangible-Asset Chart
TCPC vs EOT, XFLT, TDF: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, BlackRock TCP Capital'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.
BlackRock TCP Capital Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, BlackRock TCP Capital's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where BlackRock TCP Capital'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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 0.47% mean?
BlackRock TCP Capital (TCPC) has a Return-on-Tangible-Asset of 0.47% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on BlackRock TCP Capital and its competitors. This is 81% below median its historical median of 2.51. According to the industry distribution chart, BlackRock TCP Capital ranks #1382 out of 1633 companies in the Asset Management industry, placing it in the top 84.6%.
Is BlackRock TCP Capital's Return-on-Tangible-Asset too high?
BlackRock TCP Capital's current Return-on-Tangible-Asset of 0.47% is 81% below median its 10-year median of 2.51. The Asset Management industry median Return-on-Tangible-Asset is 4.58. BlackRock TCP Capital's value of 0.47% is 89.7% below this industry median. Based on the distribution chart, BlackRock TCP Capital ranks #1382 out of 1633 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, BlackRock TCP Capital has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does BlackRock TCP Capital's Return-on-Tangible-Asset compare to EOT and XFLT?
According to the Asset Management industry distribution chart, BlackRock TCP Capital ranks #1382 out of 1633 companies for Return-on-Tangible-Asset. This places BlackRock TCP Capital in the lower half of its industry. The industry median Return-on-Tangible-Asset is 4.58. BlackRock TCP Capital's value of 0.47% is 89.7% below this benchmark. While the company's 10-year median is 2.51 vs. the industry median of 4.58, BlackRock TCP Capital has consistently been below 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 4.58, 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. BlackRock TCP Capital's current Return-on-Tangible-Asset of 0.47% is 89.7% 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 BlackRock TCP Capital and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BlackRock TCP Capital's current Return-on-Tangible-Asset is 0.47%, which is 81% below median its own 10-year median of 2.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BlackRock TCP Capital stock overvalued right now?
BlackRock TCP Capital (TCPC) has a current Return-on-Tangible-Asset of 0.47%. The current Return-on-Tangible-Asset is 0.47%, which is 81% below median its 10-year median of 2.51 and 89.7% below the Asset Management industry median of 4.58. BlackRock TCP Capital's overall GF Score™ is 24/100. 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 BlackRock TCP Capital (TCPC), the current Return-on-Tangible-Asset is 0.47% as of Jun. 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.
BlackRock TCP Capital Corp is an externally-managed specialty finance company focused on middle-market lending. Its investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. It seeks to achieve its investment objective through investments in debt securities of middle-market companies. The group generates returns through a combination of the receipt of contractual interest payments on debt investments and origination and similar fees, and, to a lesser extent, equity appreciation through options, warrants, conversion rights, or direct equity investments.
24GF Score
Get the complete analysis for TCPC
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TCPC has been successfully added to your 
