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Global Dividend Growth SplitTSX:GDV -0.41%60 Return-on-Tangible-Asset is 13.81% as of Dec. 2025, which is 3% above its 10-year median of 13.43. GuruFocus rates TSX:GDV with a GF Score™ of 60/100 and a GF Value™ of C$10.57 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,635 Asset Management companies, Global Dividend Growth Split ranks better than 80.61% on this metric.
The historical rank and industry rank for Global Dividend Growth Split's Return-on-Tangible-Asset or its related term are showing as below:
TSX:GDV'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -18.25 Med: 13.43 Max: 21.63
Current: 15.27
During the past 8 years, Global Dividend Growth Split's highest Return-on-Tangible-Asset was 21.63%. The lowest was -18.25%. And the median was 13.43%.
TSX:GDV's Return-on-Tangible-Asset is ranked better than 80.61% of 1635
companies
in the Asset Management industry
Industry Median: 4.23
vs TSX:GDV: 15.27
Global Dividend Growth Split (TSX:GDV) 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.
Global Dividend Growth Split Return-on-Tangible-Asset Related Terms
Global Dividend Growth Split Return-on-Tangible-Asset Historical Data
* 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.
Global Dividend Growth Split Return-on-Tangible-Asset Chart
TSX:GDV vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Global 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.
Global Dividend Growth Split Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Global Dividend Growth Split's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Global 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 13.81% mean?
Global Dividend Growth Split (TSX:GDV) has a Return-on-Tangible-Asset of 13.81% 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 Global Dividend Growth Split and its competitors. This is near median its historical median of 13.43. According to the industry distribution chart, Global Dividend Growth Split ranks #317 out of 1635 companies in the Asset Management industry, placing it in the top 19.4%.
Is Global Dividend Growth Split's Return-on-Tangible-Asset too high?
Global Dividend Growth Split's current Return-on-Tangible-Asset of 13.81% is near median its 10-year median of 13.43. The Asset Management industry median Return-on-Tangible-Asset is 4.23. Global Dividend Growth Split's value of 13.81% is 226.5% above this industry median. Based on the distribution chart, Global Dividend Growth Split ranks #317 out of 1635 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Global Dividend Growth Split has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Global Dividend Growth Split's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Global Dividend Growth Split ranks #317 out of 1635 companies for Return-on-Tangible-Asset. This places Global Dividend Growth Split in the top 19% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.23. Global Dividend Growth Split's value of 13.81% is 226.5% above this benchmark. While the company's 10-year median is 13.43 vs. the industry median of 4.23, Global 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. Global Dividend Growth Split's current Return-on-Tangible-Asset of 13.81% is 226.5% 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 Global 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. Global Dividend Growth Split's current Return-on-Tangible-Asset is 13.81%, which is near median its own 10-year median of 13.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Dividend Growth Split stock overvalued right now?
Based on GuruFocus' analysis, Global Dividend Growth Split (TSX:GDV) is currently considered Modestly Overvalued. The stock's GF Value™ is C$10.57, compared to a current price of C$12.13 — trading 14.8% above its estimated fair value. The current Return-on-Tangible-Asset is 13.81%, which is near median its 10-year median of 13.43 and 226.5% above the Asset Management industry median of 4.23. Global Dividend Growth Split's overall GF Score™ is 60/100 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 Global Dividend Growth Split (TSX:GDV), the current Return-on-Tangible-Asset is 13.81% 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 Global Dividend Growth Split (TSX:GDV) Overvalued in 2026?
Based on GuruFocus' analysis, Global Dividend Growth Split stock appears to be overvalued.
The current stock price of C$12.13 is trading 14.8% above its estimated GF Value™ of C$10.57.
GuruFocus considers Global Dividend Growth Split to be Modestly Overvalued.
Key valuation signals for TSX:GDV:
Return-on-Tangible-Asset: 13.81% (near median its 10-year median of 13.43)
GF Value™: C$10.57 vs. price of C$12.13 (14.8% above fair value)
Industry Position: 226.5% above the Asset Management median (#317 of 1635)
No single metric tells the full story. See the TSX:GDV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Global Dividend Growth Split Corp is a mutual fund corporation established to provide holders of Preferred Shares with fixed, cumulative, preferential quarterly cash distributions and the return of the original issue price of the Preferred Shares at maturity. It also provides holders of Class A Shares with monthly non-cumulative cash distributions and the opportunity for growth in Net Asset Value per Class A Share through exposure to the portfolio. Its portfolio is invested across Asia, Europe, and North America, including Japan, France, Great Britain, Italy, Spain, Canada, and the United States, with exposure to Industrials, Consumer Staples, Financials, Healthcare, Utilities, Materials, Consumer Discretionary, Energy, Information Technology, Communication Services, and Real Estate.
60GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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