AegonAEGOF 61 Return-on-Tangible-Equity is 8.99% as of Dec. 2025, which is 101% above its 10-year median of 4.47. GuruFocus rates AEGOF with a GF Score™ of 61/100 and a GF Value™ of $10.61 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 500 Insurance companies, Aegon ranks worse than 58% 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. Aegon's annualized net income for the quarter that ended in Dec. 2025 was $920 Mil. Aegon's average shareholder tangible equity for the quarter that ended in Dec. 2025 was $10,242 Mil. Therefore, Aegon's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 8.99%.
The historical rank and industry rank for Aegon's Return-on-Tangible-Equity or its related term are showing as below:
AEGOF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -4.93 Med: 4.47 Max: 11.17
Current: 11.17
During the past 13 years, Aegon's highest Return-on-Tangible-Equity was 11.17%. The lowest was -4.93%. And the median was 4.47%.
AEGOF's Return-on-Tangible-Equity is ranked worse than 58% of 500
companies
in the Insurance industry
Industry Median: 13.515
vs AEGOF: 11.17
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.
Aegon Return-on-Tangible-Equity Related Terms
Aegon Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Aegon'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.
AEGOF vs BRK.A, AIG, HIG: Return-on-Tangible-Equity Comparison
For the Insurance - Diversified subindustry, Aegon'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.
Aegon Return-on-Tangible-Equity vs Insurance Industry
For the Insurance industry and Financial Services sector, Aegon's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Aegon'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 8.99% mean?
Aegon (AEGOF) has a Return-on-Tangible-Equity of 8.99% 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 Aegon and its competitors. This is 101% above median its historical median of 4.47. According to the industry distribution chart, Aegon ranks #290 out of 500 companies in the Insurance industry, placing it in the top 58%.
Is Aegon's Return-on-Tangible-Equity too high?
Aegon's current Return-on-Tangible-Equity of 8.99% is 101% above median its 10-year median of 4.47. The Insurance industry median Return-on-Tangible-Equity is 13.52. Aegon's value of 8.99% is 33.5% below this industry median. Based on the distribution chart, Aegon ranks #290 out of 500 companies in the Insurance industry, which is below the industry midpoint. Overall, Aegon has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aegon's Return-on-Tangible-Equity compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Aegon ranks #290 out of 500 companies for Return-on-Tangible-Equity. This places Aegon in the lower half of its industry. The industry median Return-on-Tangible-Equity is 13.52. Aegon's value of 8.99% is 33.5% below this benchmark. While the company's 10-year median is 4.47 vs. the industry median of 13.52, Aegon 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 Insurance company?
The median Return-on-Tangible-Equity among Insurance companies is 13.52, based on 500 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. Aegon's current Return-on-Tangible-Equity of 8.99% is 33.5% 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 Aegon and its competitors. For the Insurance industry, the median Return-on-Tangible-Equity is 13.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aegon's current Return-on-Tangible-Equity is 8.99%, which is 101% above median its own 10-year median of 4.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aegon stock overvalued right now?
Based on GuruFocus' analysis, Aegon (AEGOF) is currently considered Modestly Undervalued. The stock's GF Value™ is $10.61, compared to a current price of $8.39 — trading 20.9% below its estimated fair value. The current Return-on-Tangible-Equity is 8.99%, which is 101% above median its 10-year median of 4.47 and 33.5% below the Insurance industry median of 13.52. Aegon's overall GF Score™ is 61/100 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 Aegon (AEGOF), the current Return-on-Tangible-Equity is 8.99% 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 Aegon (AEGOF) Overvalued in 2026?
Based on GuruFocus' analysis, Aegon stock appears to be undervalued.
The current stock price of $8.39 is trading 20.9% below its estimated GF Value™ of $10.61.
GuruFocus considers Aegon to be Modestly Undervalued.
Key valuation signals for AEGOF:
Return-on-Tangible-Equity: 8.99% (101% above median its 10-year median of 4.47)
GF Value™: $10.61 vs. price of $8.39 (20.9% below fair value)
Industry Position: 33.5% below the Insurance median (#290 of 500)
No single metric tells the full story. See the AEGOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aegon is a life insurance and long-term savings business listed in the Netherlands. It was listed on the Amsterdam Stock Exchange in the 1980s and now has mature operations in the United States, the United Kingdom, and four growth markets of Brazil, China, Portugal, and Spain. In recent years, Aegon has been moving through an extensive transformation program during which management has sought to divest noncore operations and improve the risk profile of the business. Financial assets are the parts of the company that are now being run off. Aegon is looking to cycle out of capital-consumptive and volatile earnings products and recycle capital into capital-light and more predictable strategic businesses.
61GF Score
Get the complete analysis for AEGOF
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
AEGOF has been successfully added to your 
