Al Waha Capital PJSCADX:WAHA -0.53%62 Return-on-Tangible-Equity is 4.81% as of Mar. 2026, which is 55% below its 10-year median of 10.64. GuruFocus rates ADX:WAHA with a GF Score™ of 62/100 and a GF Value™ of د.إ2.52 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,589 Asset Management companies, Al Waha Capital PJSC ranks better than 81.18% 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. Al Waha Capital PJSC's annualized net income for the quarter that ended in Mar. 2026 was د.إ228.0 Mil. Al Waha Capital PJSC's average shareholder tangible equity for the quarter that ended in Mar. 2026 was د.إ4,736.8 Mil. Therefore, Al Waha Capital PJSC's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 4.81%.
The historical rank and industry rank for Al Waha Capital PJSC's Return-on-Tangible-Equity or its related term are showing as below:
ADX:WAHA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -19.88 Med: 10.64 Max: 23.23
Current: 23.21
During the past 13 years, Al Waha Capital PJSC's highest Return-on-Tangible-Equity was 23.23%. The lowest was -19.88%. And the median was 10.64%.
ADX:WAHA's Return-on-Tangible-Equity is ranked better than 81.18% of 1589
companies
in the Asset Management industry
Industry Median: 7.18
vs ADX:WAHA: 23.21
Al Waha Capital PJSC (ADX:WAHA) Return-on-Tangible-Equity Explanation
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.
Al Waha Capital PJSC Return-on-Tangible-Equity Related Terms
Al Waha Capital PJSC Return-on-Tangible-Equity Historical Data
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The historical data trend for Al Waha Capital PJSC'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.
Al Waha Capital PJSC Return-on-Tangible-Equity Chart
ADX:WAHA vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Al Waha Capital PJSC'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.
Al Waha Capital PJSC Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Al Waha Capital PJSC's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Al Waha Capital PJSC'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 4.81% mean?
Al Waha Capital PJSC (ADX:WAHA) has a Return-on-Tangible-Equity of 4.81% 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 Al Waha Capital PJSC and its competitors. This is 55% below median its historical median of 10.64. According to the industry distribution chart, Al Waha Capital PJSC ranks #299 out of 1589 companies in the Asset Management industry, placing it in the top 18.8%.
Is Al Waha Capital PJSC's Return-on-Tangible-Equity too high?
Al Waha Capital PJSC's current Return-on-Tangible-Equity of 4.81% is 55% below median its 10-year median of 10.64. The Asset Management industry median Return-on-Tangible-Equity is 7.18. Al Waha Capital PJSC's value of 4.81% is 33% below this industry median. Based on the distribution chart, Al Waha Capital PJSC ranks #299 out of 1589 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Al Waha Capital PJSC has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Al Waha Capital PJSC's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Al Waha Capital PJSC ranks #299 out of 1589 companies for Return-on-Tangible-Equity. This places Al Waha Capital PJSC in the top 19% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.18. Al Waha Capital PJSC's value of 4.81% is 33% below this benchmark. While the company's 10-year median is 10.64 vs. the industry median of 7.18, Al Waha Capital PJSC has consistently been below 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 an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.18, based on 1,589 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. Al Waha Capital PJSC's current Return-on-Tangible-Equity of 4.81% is 33% below 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 Al Waha Capital PJSC and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Al Waha Capital PJSC's current Return-on-Tangible-Equity is 4.81%, which is 55% below median its own 10-year median of 10.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Al Waha Capital PJSC stock overvalued right now?
Based on GuruFocus' analysis, Al Waha Capital PJSC (ADX:WAHA) is currently considered Modestly Undervalued. The stock's GF Value™ is د.إ2.52, compared to a current price of د.إ1.86 — trading 26.2% below its estimated fair value. The current Return-on-Tangible-Equity is 4.81%, which is 55% below median its 10-year median of 10.64 and 33% below the Asset Management industry median of 7.18. Al Waha Capital PJSC's overall GF Score™ is 62/100 with 4 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 Al Waha Capital PJSC (ADX:WAHA), the current Return-on-Tangible-Equity is 4.81% 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.
Is Al Waha Capital PJSC (ADX:WAHA) Overvalued in 2026?
Based on GuruFocus' analysis, Al Waha Capital PJSC stock appears to be undervalued.
The current stock price of د.إ1.86 is trading 26.2% below its estimated GF Value™ of د.إ2.52.
GuruFocus considers Al Waha Capital PJSC to be Modestly Undervalued.
Key valuation signals for ADX:WAHA:
Return-on-Tangible-Equity: 4.81% (55% below median its 10-year median of 10.64)
GF Value™: د.إ2.52 vs. price of د.إ1.86 (26.2% below fair value)
Industry Position: 33% below the Asset Management median (#299 of 1589)
No single metric tells the full story. See the ADX:WAHA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Al Waha Capital PJSC is engaged in investment management activities carried out directly. The Company's objective is to generate returns from capital appreciation and investment income by investing in a diversified portfolio across public markets, industrial real estate, investments in infrastructure, healthcare, fintech and oil and gas. It has four segments Waha Land, Public Markets, Corporate, and Private Investment. The company generates majority of revenue from Private Investment. The Private Investments segment holds all of the Group's proprietary investments in diversified industries including financial services, infrastructure, oil and gas, fintech and healthcare. Its funds are Waha Emerging Markets Credit Fund, Waha MENA Equity Fund, and Waha Islamic Income Fund.
62GF Score
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