CapitaLand Ascendas REITACDSF 78 Return-on-Tangible-Equity is 8.95% as of Dec. 2025, which is 21% above its 10-year median of 7.39. GuruFocus rates ACDSF with a GF Scoreâ„¢ of 78/100 and a GF Valueâ„¢ of $1.84 (Fairly Valued). The stock has 9 warning signs investors should review. Among 934 REITs companies, CapitaLand Ascendas REIT ranks better than 58.89% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. CapitaLand Ascendas REIT's annualized net income for the quarter that ended in Dec. 2025 was $739 Mil. CapitaLand Ascendas REIT's average shareholder tangible equity for the quarter that ended in Dec. 2025 was $8,256 Mil. Therefore, CapitaLand Ascendas REIT's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 8.95%.
The historical rank and industry rank for CapitaLand Ascendas REIT's Return-on-Tangible-Equity or its related term are showing as below:
ACDSF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.64 Med: 7.39 Max: 9.83
Current: 7.41
During the past 13 years, CapitaLand Ascendas REIT's highest Return-on-Tangible-Equity was 9.83%. The lowest was 1.64%. And the median was 7.39%.
ACDSF's Return-on-Tangible-Equity is ranked better than 58.89% of 934
companies
in the REITs industry
Industry Median: 6.265
vs ACDSF: 7.41
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
CapitaLand Ascendas REIT Return-on-Tangible-Equity Related Terms
CapitaLand Ascendas REIT Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for CapitaLand Ascendas REIT's Return-on-Tangible-Equity 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.
ACDSF vs PLD, PSA, EXR: Return-on-Tangible-Equity Comparison
For the REIT - Industrial subindustry, CapitaLand Ascendas REIT's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
CapitaLand Ascendas REIT Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, CapitaLand Ascendas REIT's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where CapitaLand Ascendas REIT's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 8.95% mean?
CapitaLand Ascendas REIT (ACDSF) has a Return-on-Tangible-Equity of 8.95% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on CapitaLand Ascendas REIT and its competitors. This is 21% above median its historical median of 7.39. Over the past decade, CapitaLand Ascendas REIT's Return-on-Tangible-Equity has ranged from 1.64 to 9.83. According to the industry distribution chart, CapitaLand Ascendas REIT ranks #384 out of 934 companies in the REITs industry, placing it in the top 41.1%.
Is CapitaLand Ascendas REIT's Return-on-Tangible-Equity too high?
CapitaLand Ascendas REIT's current Return-on-Tangible-Equity of 8.95% is 21% above median its 10-year median of 7.39. Over the past 10 years, this metric has ranged from a low of 1.64 to a high of 9.83. The REITs industry median Return-on-Tangible-Equity is 6.27. CapitaLand Ascendas REIT's value of 8.95% is 42.9% above this industry median. Based on the distribution chart, CapitaLand Ascendas REIT ranks #384 out of 934 companies in the REITs industry, which is above the industry midpoint. Overall, CapitaLand Ascendas REIT has a GF Scoreâ„¢ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CapitaLand Ascendas REIT's Return-on-Tangible-Equity compare to PLD and PSA?
According to the REITs industry distribution chart, CapitaLand Ascendas REIT ranks #384 out of 934 companies for Return-on-Tangible-Equity. This puts CapitaLand Ascendas REIT in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.27. CapitaLand Ascendas REIT's value of 8.95% is 42.9% above this benchmark. Historically, CapitaLand Ascendas REIT's own Return-on-Tangible-Equity has ranged from 1.64 to 9.83 over the past decade. While the company's 10-year median is 7.39 vs. the industry median of 6.27, CapitaLand Ascendas REIT 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-Equity for a REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.27, based on 934 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CapitaLand Ascendas REIT's current Return-on-Tangible-Equity of 8.95% is 42.9% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on CapitaLand Ascendas REIT and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CapitaLand Ascendas REIT's current Return-on-Tangible-Equity is 8.95%, which is 21% above median its own 10-year median of 7.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CapitaLand Ascendas REIT stock overvalued right now?
Based on GuruFocus' analysis, CapitaLand Ascendas REIT (ACDSF) is currently considered Fairly Valued. The stock's GF Value™ is $1.84, compared to a current price of $1.95 — trading 5.7% above its estimated fair value. The current Return-on-Tangible-Equity is 8.95%, which is 21% above median its 10-year median of 7.39 and 42.9% above the REITs industry median of 6.27. CapitaLand Ascendas REIT's overall GF Score™ is 78/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For CapitaLand Ascendas REIT (ACDSF), the current Return-on-Tangible-Equity is 8.95% 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 CapitaLand Ascendas REIT (ACDSF) Overvalued in 2026?
Based on GuruFocus' analysis, CapitaLand Ascendas REIT stock appears to be overvalued.
The current stock price of $1.95 is trading 5.7% above its estimated GF Value™ of $1.84.
GuruFocus considers CapitaLand Ascendas REIT to be Fairly Valued.
Key valuation signals for ACDSF:
Return-on-Tangible-Equity: 8.95% (21% above median its 10-year median of 7.39)
GF Value™: $1.84 vs. price of $1.95 (5.7% above fair value)
Industry Position: 42.9% above the REITs median (#384 of 934)
No single metric tells the full story. See the ACDSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CapitaLand Ascendas REIT is a real estate investment trust focusing on the industrial and business space. As of Dec. 31, 2025, it held a SGD 18.2 billion portfolio of 222 properties across Singapore, Australia, Europe, and the US. The property types encompass business and science parks, high-specification industrial properties, data centers, light industrial properties, and logistics and distribution centers. The trust is externally managed by Ascendas Funds Management, a subsidiary of CapitaLand Investment, which owns a 17.5% stake in the trust.
78GF Score
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