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Dividend 15 Split IITSX:DF +0.22%35 Return-on-Tangible-Asset is 23.45% as of Nov. 2025, which is 190% above its 10-year median of 8.08. GuruFocus rates TSX:DF with a GF Score™ of 35/100. The stock has 6 warning signs investors should review. Among 1,635 Asset Management companies, Dividend 15 Split II ranks better than 79.33% 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. Dividend 15 Split II's annualizedNet Income for the quarter that ended in Nov. 2025 was C$97.37 Mil. Dividend 15 Split II's average total tangible assets for the quarter that ended in Nov. 2025 was C$415.28 Mil. Therefore, Dividend 15 Split II's annualized Return-on-Tangible-Asset for the quarter that ended in Nov. 2025 was 23.45%.
The historical rank and industry rank for Dividend 15 Split II's Return-on-Tangible-Asset or its related term are showing as below:
TSX:DF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.96 Med: 8.08 Max: 28.27
Current: 14.65
During the past 13 years, Dividend 15 Split II's highest Return-on-Tangible-Asset was 28.27%. The lowest was -6.96%. And the median was 8.08%.
TSX:DF's Return-on-Tangible-Asset is ranked better than 79.33% of 1635
companies
in the Asset Management industry
Industry Median: 4.23
vs TSX:DF: 14.65
Dividend 15 Split II (TSX:DF) 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.
Dividend 15 Split II Return-on-Tangible-Asset Related Terms
Dividend 15 Split II Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Dividend 15 Split II'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.
Dividend 15 Split II Return-on-Tangible-Asset Chart
TSX:DF vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Dividend 15 Split II'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.
Dividend 15 Split II Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Dividend 15 Split II's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Dividend 15 Split II'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 two times the semi-annual (Nov. 2025) net income data.
What does a Return-on-Tangible-Asset of 23.45% mean?
Dividend 15 Split II (TSX:DF) has a Return-on-Tangible-Asset of 23.45% as of Nov. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Dividend 15 Split II and its competitors. This is 190% above median its historical median of 8.08. According to the industry distribution chart, Dividend 15 Split II ranks #338 out of 1635 companies in the Asset Management industry, placing it in the top 20.7%.
Is Dividend 15 Split II's Return-on-Tangible-Asset too high?
Dividend 15 Split II's current Return-on-Tangible-Asset of 23.45% is 190% above median its 10-year median of 8.08. The Asset Management industry median Return-on-Tangible-Asset is 4.23. Dividend 15 Split II's value of 23.45% is 454.4% above this industry median. Based on the distribution chart, Dividend 15 Split II ranks #338 out of 1635 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Dividend 15 Split II has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Dividend 15 Split II's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Dividend 15 Split II ranks #338 out of 1635 companies for Return-on-Tangible-Asset. This places Dividend 15 Split II in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.23. Dividend 15 Split II's value of 23.45% is 454.4% above this benchmark. While the company's 10-year median is 8.08 vs. the industry median of 4.23, Dividend 15 Split II 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 4.23, 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. Dividend 15 Split II's current Return-on-Tangible-Asset of 23.45% is 454.4% 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 Dividend 15 Split II 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. Dividend 15 Split II's current Return-on-Tangible-Asset is 23.45%, which is 190% above median its own 10-year median of 8.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dividend 15 Split II stock overvalued right now?
Dividend 15 Split II (TSX:DF) has a current Return-on-Tangible-Asset of 23.45%. The current Return-on-Tangible-Asset is 23.45%, which is 190% above median its 10-year median of 8.08 and 454.4% above the Asset Management industry median of 4.23. Dividend 15 Split II's overall GF Score™ is 35/100 with 6 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 Dividend 15 Split II (TSX:DF), the current Return-on-Tangible-Asset is 23.45% as of Nov. 2025. 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.
Dividend 15 Split Corp II is an investment corporation designed to pay monthly cash dividends. The Company classifies its investments, including derivatives, based on both the Company's business model for managing those financial assets and the contractual cash flow characteristics of the financial assets. The Company offers two types of shares: Preferred shares and Class A shares.
35GF Score
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