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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. Real Estate Split's annualizedNet Income for the quarter that ended in Dec. 2025 was C$-1.75 Mil. Real Estate Split's average total tangible assets for the quarter that ended in Dec. 2025 was C$235.49 Mil. Therefore, Real Estate Split's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was -0.74%.
The historical rank and industry rank for Real Estate Split's Return-on-Tangible-Asset or its related term are showing as below:
TSX:RS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -17.37 Med: 1.07 Max: 21.03
Current: 4.71
During the past 6 years, Real Estate Split's highest Return-on-Tangible-Asset was 21.03%. The lowest was -17.37%. And the median was 1.07%.
TSX:RS's Return-on-Tangible-Asset is ranked better than 51.95% of 1638
companies
in the Asset Management industry
Industry Median: 4.23
vs TSX:RS: 4.71
Real Estate Split (TSX:RS) 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.
Real Estate Split Return-on-Tangible-Asset Related Terms
Real Estate Split Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Real Estate 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:RS vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Real Estate 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.
Real Estate Split Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Real Estate Split's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Real Estate 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 -0.74% mean?
Real Estate Split (TSX:RS) has a Return-on-Tangible-Asset of -0.74% 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 Real Estate Split and its competitors. According to the industry distribution chart, Real Estate Split ranks #787 out of 1638 companies in the Asset Management industry, placing it in the top 48%.
Is Real Estate Split's Return-on-Tangible-Asset too high?
Real Estate Split's current Return-on-Tangible-Asset is -0.74%. Based on the distribution chart, Real Estate Split ranks #787 out of 1638 companies in the Asset Management industry, which is above the industry midpoint. Overall, Real Estate Split has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Real Estate Split's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Real Estate Split ranks #787 out of 1638 companies for Return-on-Tangible-Asset. This puts Real Estate Split in the upper half of its industry. The industry median Return-on-Tangible-Asset is 4.23. 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 1,638 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. 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 Real Estate 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. Real Estate Split's current Return-on-Tangible-Asset is -0.74%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Real Estate Split stock overvalued right now?
Based on GuruFocus' analysis, Real Estate Split (TSX:RS) is currently considered Fairly Valued. The stock's GF Value™ is C$11.20, compared to a current price of C$10.79 — trading 3.7% below its estimated fair value. The current Return-on-Tangible-Asset is -0.74%. Real Estate Split's overall GF Score™ is 83/100 with 9 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 Real Estate Split (TSX:RS), the current Return-on-Tangible-Asset is -0.74% 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 Real Estate Split (TSX:RS) Overvalued in 2026?
Based on GuruFocus' analysis, Real Estate Split stock appears to be undervalued.
The current stock price of C$10.79 is trading 3.7% below its estimated GF Value™ of C$11.20.
GuruFocus considers Real Estate Split to be Fairly Valued.
Key valuation signals for TSX:RS:
Return-on-Tangible-Asset: -0.74%
GF Value™: C$11.20 vs. price of C$10.79 (3.7% below fair value)
No single metric tells the full story. See the TSX:RS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Real Estate Split Corp is a mutual fund corporation. Its objective are non-cumulative monthly cash distributions; and the opportunity for capital appreciation through exposure to the portfolio. It provide holders with fixed cumulative preferential quarterly cash distributions; and return the original issue price of $10.00 to holders upon maturity. Its investment solutions are Real Estate, Healthcare, Innovation, Infrastructure, Energy, Income Plus, Global Dividends, Fixed Income.
83GF Score
Get the complete analysis for TSX:RS
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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