Adamas TrustADAMN.PFD -0.13%51 Return-on-Tangible-Equity is 14.07% as of Mar. 2026, which is 72% above its 10-year median of 8.17. GuruFocus rates ADAMN.PFD with a GF Score™ of 51/100. The stock has 6 warning signs investors should review. Among 938 REITs companies, Adamas Trust ranks better than 76.87% 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. Adamas Trust's annualized net income for the quarter that ended in Mar. 2026 was $194.40 Mil. Adamas Trust's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $1,381.83 Mil. Therefore, Adamas Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 14.07%.
The historical rank and industry rank for Adamas Trust's Return-on-Tangible-Equity or its related term are showing as below:
ADAMN.PFD'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -14.68 Med: 8.17 Max: 11.37
Current: 11.37
During the past 13 years, Adamas Trust's highest Return-on-Tangible-Equity was 11.37%. The lowest was -14.68%. And the median was 8.17%.
ADAMN.PFD's Return-on-Tangible-Equity is ranked better than 76.87% of 938
companies
in the REITs industry
Industry Median: 6.265
vs ADAMN.PFD: 11.37
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.
Adamas Trust Return-on-Tangible-Equity Related Terms
Adamas Trust Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Adamas Trust'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.
ADAMN.PFD vs BRSP, PMT, IVR: Return-on-Tangible-Equity Comparison
For the REIT - Mortgage subindustry, Adamas Trust'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.
Adamas Trust Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Adamas Trust's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Adamas Trust'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 four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 14.07% mean?
Adamas Trust (ADAMN.PFD) has a Return-on-Tangible-Equity of 14.07% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Adamas Trust and its competitors. This is 72% above median its historical median of 8.17. According to the industry distribution chart, Adamas Trust ranks #217 out of 938 companies in the REITs industry, placing it in the top 23.1%.
Is Adamas Trust's Return-on-Tangible-Equity too high?
Adamas Trust's current Return-on-Tangible-Equity of 14.07% is 72% above median its 10-year median of 8.17. The REITs industry median Return-on-Tangible-Equity is 6.27. Adamas Trust's value of 14.07% is 124.6% above this industry median. Based on the distribution chart, Adamas Trust ranks #217 out of 938 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Adamas Trust has a GF Score™ of 51/100, reflecting its overall financial health beyond just this single metric.
How does Adamas Trust's Return-on-Tangible-Equity compare to BRSP and PMT?
According to the REITs industry distribution chart, Adamas Trust ranks #217 out of 938 companies for Return-on-Tangible-Equity. This places Adamas Trust in the top 23% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.27. Adamas Trust's value of 14.07% is 124.6% above this benchmark. While the company's 10-year median is 8.17 vs. the industry median of 6.27, Adamas Trust 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 938 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. Adamas Trust's current Return-on-Tangible-Equity of 14.07% is 124.6% 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 Adamas Trust 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. Adamas Trust's current Return-on-Tangible-Equity is 14.07%, which is 72% above median its own 10-year median of 8.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adamas Trust stock overvalued right now?
Adamas Trust (ADAMN.PFD) has a current Return-on-Tangible-Equity of 14.07%. The current Return-on-Tangible-Equity is 14.07%, which is 72% above median its 10-year median of 8.17 and 124.6% above the REITs industry median of 6.27. Adamas Trust's overall GF Score™ is 51/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Adamas Trust (ADAMN.PFD), the current Return-on-Tangible-Equity is 14.07% as of Mar. 2026. 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.
Adamas Trust Inc is an internally-managed REIT for U.S. federal income tax purposes, in the business of acquiring, investing in, financing, and managing mainly mortgage-related single-family and multi-family residential assets. Its objective is to deliver long-term stable distributions to its stockholders over changing economic conditions through a combination of net interest spread and capital gains from a diversified investment portfolio. The company's investment portfolio includes credit-sensitive single-family and multi-family assets.
51GF Score
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