Dividend Growth SplitTSX:DGS +1.03%57 Return-on-Tangible-Asset is 15.48% as of Dec. 2025, which is 22% above its 10-year median of 12.69. GuruFocus rates TSX:DGS with a GF Score™ of 57/100 and a GF Value™ of C$10.41 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,635 Asset Management companies, Dividend Growth Split ranks better than 82.63% 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. Dividend Growth Split's annualizedNet Income for the quarter that ended in Dec. 2025 was C$142.1 Mil. Dividend Growth Split's average total tangible assets for the quarter that ended in Dec. 2025 was C$917.9 Mil. Therefore, Dividend Growth Split's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 15.48%.
The historical rank and industry rank for Dividend Growth Split's Return-on-Tangible-Asset or its related term are showing as below:
TSX:DGS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -13.76 Med: 12.69 Max: 22.33
Current: 16.73
During the past 13 years, Dividend Growth Split's highest Return-on-Tangible-Asset was 22.33%. The lowest was -13.76%. And the median was 12.69%.
TSX:DGS's Return-on-Tangible-Asset is ranked better than 82.63% of 1635
companies
in the Asset Management industry
Industry Median: 4.23
vs TSX:DGS: 16.73
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 Growth Split Return-on-Tangible-Asset Related Terms
Dividend Growth Split Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Dividend Growth Split'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.
TSX:DGS vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Dividend Growth Split'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 Growth Split Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Dividend Growth Split's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Dividend Growth Split'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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 15.48% mean?
Dividend Growth Split (TSX:DGS) has a Return-on-Tangible-Asset of 15.48% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Dividend Growth Split and its competitors. This is 22% above median its historical median of 12.69. According to the industry distribution chart, Dividend Growth Split ranks #284 out of 1635 companies in the Asset Management industry, placing it in the top 17.4%.
Is Dividend Growth Split's Return-on-Tangible-Asset too high?
Dividend Growth Split's current Return-on-Tangible-Asset of 15.48% is 22% above median its 10-year median of 12.69. The Asset Management industry median Return-on-Tangible-Asset is 4.23. Dividend Growth Split's value of 15.48% is 266% above this industry median. Based on the distribution chart, Dividend Growth Split ranks #284 out of 1635 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Dividend Growth Split has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dividend Growth Split's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Dividend Growth Split ranks #284 out of 1635 companies for Return-on-Tangible-Asset. This places Dividend Growth Split in the top 17% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.23. Dividend Growth Split's value of 15.48% is 266% above this benchmark. While the company's 10-year median is 12.69 vs. the industry median of 4.23, Dividend Growth Split 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 Growth Split's current Return-on-Tangible-Asset of 15.48% is 266% 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 Growth Split 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 Growth Split's current Return-on-Tangible-Asset is 15.48%, which is 22% above median its own 10-year median of 12.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dividend Growth Split stock overvalued right now?
Based on GuruFocus' analysis, Dividend Growth Split (TSX:DGS) is currently considered Modestly Undervalued. The stock's GF Value™ is C$10.41, compared to a current price of C$8.79 — trading 15.6% below its estimated fair value. The current Return-on-Tangible-Asset is 15.48%, which is 22% above median its 10-year median of 12.69 and 266% above the Asset Management industry median of 4.23. Dividend Growth Split's overall GF Score™ is 57/100 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 Growth Split (TSX:DGS), the current Return-on-Tangible-Asset is 15.48% as of Dec. 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.
Is Dividend Growth Split (TSX:DGS) Overvalued in 2026?
Based on GuruFocus' analysis, Dividend Growth Split stock appears to be undervalued.
The current stock price of C$8.79 is trading 15.6% below its estimated GF Value™ of C$10.41.
GuruFocus considers Dividend Growth Split to be Modestly Undervalued.
Key valuation signals for TSX:DGS:
Return-on-Tangible-Asset: 15.48% (22% above median its 10-year median of 12.69)
GF Value™: C$10.41 vs. price of C$8.79 (15.6% below fair value)
Industry Position: 266% above the Asset Management median (#284 of 1635)
No single metric tells the full story. See the TSX:DGS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dividend Growth Split Corp is a Canada-based mutual fund corporation. The fund invests in a portfolio consisting principally of equity securities of Canadian dividend growth companies. In addition, the Fund may hold up to 20% of the total assets of the portfolio in global dividend growth companies for diversification and improved return potential. The firm has the majority of its portfolio composition in the Financials and Energy sectors.
57GF Score
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