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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. Altimeter Growth's annualized net income for the quarter that ended in Sep. 2021 was $49.39 Mil. Altimeter Growth's average shareholder tangible equity for the quarter that ended in Sep. 2021 was $385.39 Mil. Therefore, Altimeter Growth's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2021 was 12.81%.
The historical rank and industry rank for Altimeter Growth's Return-on-Tangible-Equity or its related term are showing as below:
AGCWW'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 22.02
Current: 22.02
During the past 1 years, Altimeter Growth's highest Return-on-Tangible-Equity was 22.02%. The lowest was 0.00%. And the median was 0.00%.
AGCWW's Return-on-Tangible-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 1.72
vs AGCWW: 22.02
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.
Altimeter Growth Return-on-Tangible-Equity Related Terms
Altimeter Growth Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Altimeter Growth'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.
Altimeter Growth Return-on-Tangible-Equity Chart
Altimeter Growth Annual Data
Trend
Dec20
Return-on-Tangible-Equity
0.00
Altimeter Growth Semi-Annual Data
Aug20
Sep20
Mar21
Jun21
Sep21
Return-on-Tangible-Equity
0.00
0.00
23.37
-2.43
12.81
AGCWW vs : Return-on-Tangible-Equity Comparison
For the Shell Companies subindustry, Altimeter Growth'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.
Altimeter Growth Return-on-Tangible-Equity vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Altimeter Growth's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Altimeter Growth'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 one times the annual (Sep. 2021) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 12.81% mean?
Altimeter Growth (AGCWW) has a Return-on-Tangible-Equity of 12.81% as of Sep. 2021. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Altimeter Growth and its competitors.
Is Altimeter Growth's Return-on-Tangible-Equity too high?
Altimeter Growth's current Return-on-Tangible-Equity is 12.81%. The Diversified Financial Services industry median Return-on-Tangible-Equity is 1.72. Altimeter Growth's value of 12.81% is 644.8% above this industry median. Overall, Altimeter Growth has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Altimeter Growth's Return-on-Tangible-Equity compare to ?
Altimeter Growth's Return-on-Tangible-Equity of 12.81% can be compared against companies in the Diversified Financial Services industry. The industry median Return-on-Tangible-Equity is 1.72. Altimeter Growth's value of 12.81% is 644.8% above this benchmark. 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 Diversified Financial Services company?
The median Return-on-Tangible-Equity among Diversified Financial Services companies is 1.72, based on 467 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. Altimeter Growth's current Return-on-Tangible-Equity of 12.81% is 644.8% 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 Altimeter Growth and its competitors. For the Diversified Financial Services industry, the median Return-on-Tangible-Equity is 1.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Altimeter Growth's current Return-on-Tangible-Equity is 12.81%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altimeter Growth stock overvalued right now?
Altimeter Growth (AGCWW) has a current Return-on-Tangible-Equity of 12.81%. The current Return-on-Tangible-Equity is 12.81% and 644.8% above the Diversified Financial Services industry median of 1.72. Altimeter Growth's overall GF Score™ is 20/100 with 1 warning sign 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 Altimeter Growth (AGCWW), the current Return-on-Tangible-Equity is 12.81% as of Sep. 2021. 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.
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