Allianz SEALIZF +3.00%80 Return-on-Tangible-Equity is 32.17% as of Mar. 2026, which is 116% above its 10-year median of 14.90. GuruFocus rates ALIZF with a GF Score™ of 80/100 and a GF Value™ of $389.14 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 500 Insurance companies, Allianz SE ranks better than 81% 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. Allianz SE's annualized net income for the quarter that ended in Mar. 2026 was $17,064 Mil. Allianz SE's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $53,042 Mil. Therefore, Allianz SE's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 32.17%.
The historical rank and industry rank for Allianz SE's Return-on-Tangible-Equity or its related term are showing as below:
ALIZF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.94 Med: 14.9 Max: 28
Current: 28
During the past 13 years, Allianz SE's highest Return-on-Tangible-Equity was 28.00%. The lowest was 10.94%. And the median was 14.90%.
ALIZF's Return-on-Tangible-Equity is ranked better than 81% of 500
companies
in the Insurance industry
Industry Median: 13.53
vs ALIZF: 28.00
Allianz SE (OTCPK:ALIZF) 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.
Allianz SE Return-on-Tangible-Equity Related Terms
Allianz SE Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Allianz SE'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.
ALIZF vs BRK.A, AIG, HIG: Return-on-Tangible-Equity Comparison
For the Insurance - Diversified subindustry, Allianz SE'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.
Allianz SE Return-on-Tangible-Equity vs Insurance Industry
For the Insurance industry and Financial Services sector, Allianz SE's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Allianz SE'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 32.17% mean?
Allianz SE (ALIZF) has a Return-on-Tangible-Equity of 32.17% 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 Allianz SE and its competitors. This is 116% above median its historical median of 14.90. Over the past decade, Allianz SE's Return-on-Tangible-Equity has ranged from 10.94 to 28.00. According to the industry distribution chart, Allianz SE ranks #95 out of 500 companies in the Insurance industry, placing it in the top 19%.
Is Allianz SE's Return-on-Tangible-Equity too high?
Allianz SE's current Return-on-Tangible-Equity of 32.17% is 116% above median its 10-year median of 14.90. Over the past 10 years, this metric has ranged from a low of 10.94 to a high of 28.00. The Insurance industry median Return-on-Tangible-Equity is 13.53. Allianz SE's value of 32.17% is 137.8% above this industry median. Based on the distribution chart, Allianz SE ranks #95 out of 500 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, Allianz SE has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Allianz SE's Return-on-Tangible-Equity compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Allianz SE ranks #95 out of 500 companies for Return-on-Tangible-Equity. This places Allianz SE in the top 19% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 13.53. Allianz SE's value of 32.17% is 137.8% above this benchmark. Historically, Allianz SE's own Return-on-Tangible-Equity has ranged from 10.94 to 28.00 over the past decade. While the company's 10-year median is 14.90 vs. the industry median of 13.53, Allianz SE 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 an Insurance company?
The median Return-on-Tangible-Equity among Insurance companies is 13.53, 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. Allianz SE's current Return-on-Tangible-Equity of 32.17% is 137.8% 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 Allianz SE and its competitors. For the Insurance industry, the median Return-on-Tangible-Equity is 13.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Allianz SE's current Return-on-Tangible-Equity is 32.17%, which is 116% above median its own 10-year median of 14.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Allianz SE stock overvalued right now?
Based on GuruFocus' analysis, Allianz SE (ALIZF) is currently considered Modestly Overvalued. The stock's GF Value™ is $389.14, compared to a current price of $484.29 — trading 24.5% above its estimated fair value. The current Return-on-Tangible-Equity is 32.17%, which is 116% above median its 10-year median of 14.90 and 137.8% above the Insurance industry median of 13.53. Allianz SE's overall GF Score™ is 80/100 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 Allianz SE (ALIZF), the current Return-on-Tangible-Equity is 32.17% 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 Allianz SE (ALIZF) Overvalued in 2026?
Based on GuruFocus' analysis, Allianz SE stock appears to be overvalued.
The current stock price of $484.29 is trading 24.5% above its estimated GF Value™ of $389.14.
GuruFocus considers Allianz SE to be Modestly Overvalued.
Key valuation signals for ALIZF:
Return-on-Tangible-Equity: 32.17% (116% above median its 10-year median of 14.90)
GF Value™: $389.14 vs. price of $484.29 (24.5% above fair value)
Industry Position: 137.8% above the Insurance median (#95 of 500)
No single metric tells the full story. See the ALIZF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Allianz was founded as a transport and accident insurance firm in 1890 by Carl von Thieme and Wilhelm von Finck, the founders of Munich Re. It took the company five years to expand into Europe and North America and subsequently list in Berlin. After World War I, individuals were confronted with the loss of wealth, life, and security and Allianz founded a life business in the 1920s. In the years after World War II, Allianz's foreign assets were seized, and it lost its foreign business. By relocating its head office from Berlin to Munich in 1948, Allianz began the long road of rebuilding its domestic business. It took 20 years for the company to reacquire its prior foreign interests, starting in Austria. It became the largest European insurer in the postwar boom era.
80GF Score
Get the complete analysis for ALIZF
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
ALIZF has been successfully added to your 
