Amalgamated FinancialAMAL +2.40%66 Return-on-Tangible-Equity is 12.82% as of Mar. 2026, which is 9% above its 10-year median of 11.72. GuruFocus rates AMAL with a GF Score™ of 66/100 and a GF Value™ of $33.07 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,525 Banks companies, Amalgamated Financial ranks better than 66.89% 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. Amalgamated Financial's annualized net income for the quarter that ended in Mar. 2026 was $100.9 Mil. Amalgamated Financial's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $787.2 Mil. Therefore, Amalgamated Financial's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 12.82%.
The historical rank and industry rank for Amalgamated Financial's Return-on-Tangible-Equity or its related term are showing as below:
AMAL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.78 Med: 11.72 Max: 16.85
Current: 13.78
During the past 9 years, Amalgamated Financial's highest Return-on-Tangible-Equity was 16.85%. The lowest was 1.78%. And the median was 11.72%.
AMAL's Return-on-Tangible-Equity is ranked better than 66.89% of 1525
companies
in the Banks industry
Industry Median: 11.21
vs AMAL: 13.78
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.
Amalgamated Financial Return-on-Tangible-Equity Related Terms
Amalgamated Financial Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Amalgamated Financial'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.
AMAL vs TMP, PEBO, CTBI: Return-on-Tangible-Equity Comparison
For the Banks - Regional subindustry, Amalgamated Financial'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.
Amalgamated Financial Return-on-Tangible-Equity vs Banks Industry
For the Banks industry and Financial Services sector, Amalgamated Financial's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Amalgamated Financial'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 12.82% mean?
Amalgamated Financial (AMAL) has a Return-on-Tangible-Equity of 12.82% 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 Amalgamated Financial and its competitors. This is near median its historical median of 11.72. Over the past decade, Amalgamated Financial's Return-on-Tangible-Equity has ranged from 1.78 to 16.85. According to the industry distribution chart, Amalgamated Financial ranks #505 out of 1525 companies in the Banks industry, placing it in the top 33.1%.
Is Amalgamated Financial's Return-on-Tangible-Equity too high?
Amalgamated Financial's current Return-on-Tangible-Equity of 12.82% is near median its 10-year median of 11.72. Over the past 10 years, this metric has ranged from a low of 1.78 to a high of 16.85. The Banks industry median Return-on-Tangible-Equity is 11.21. Amalgamated Financial's value of 12.82% is 14.4% above this industry median. Based on the distribution chart, Amalgamated Financial ranks #505 out of 1525 companies in the Banks industry, which is above the industry midpoint. Overall, Amalgamated Financial has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Amalgamated Financial's Return-on-Tangible-Equity compare to TMP and PEBO?
According to the Banks industry distribution chart, Amalgamated Financial ranks #505 out of 1525 companies for Return-on-Tangible-Equity. This puts Amalgamated Financial in the upper half of its industry. The industry median Return-on-Tangible-Equity is 11.21. Amalgamated Financial's value of 12.82% is 14.4% above this benchmark. Historically, Amalgamated Financial's own Return-on-Tangible-Equity has ranged from 1.78 to 16.85 over the past decade. While the company's 10-year median is 11.72 vs. the industry median of 11.21, Amalgamated Financial 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 Banks company?
The median Return-on-Tangible-Equity among Banks companies is 11.21, based on 1,525 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. Amalgamated Financial's current Return-on-Tangible-Equity of 12.82% is 14.4% 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 Amalgamated Financial and its competitors. For the Banks industry, the median Return-on-Tangible-Equity is 11.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Amalgamated Financial's current Return-on-Tangible-Equity is 12.82%, which is near median its own 10-year median of 11.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Amalgamated Financial stock overvalued right now?
Based on GuruFocus' analysis, Amalgamated Financial (AMAL) is currently considered Significantly Overvalued. The stock's GF Value™ is $33.07, compared to a current price of $46.95 — trading 42% above its estimated fair value. The current Return-on-Tangible-Equity is 12.82%, which is near median its 10-year median of 11.72 and 14.4% above the Banks industry median of 11.21. Amalgamated Financial's overall GF Score™ is 66/100 with 7 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 Amalgamated Financial (AMAL), the current Return-on-Tangible-Equity is 12.82% 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 Amalgamated Financial (AMAL) Overvalued in 2026?
Based on GuruFocus' analysis, Amalgamated Financial stock appears to be overvalued.
The current stock price of $46.95 is trading 42% above its estimated GF Value™ of $33.07.
GuruFocus considers Amalgamated Financial to be Significantly Overvalued.
Key valuation signals for AMAL:
Return-on-Tangible-Equity: 12.82% (near median its 10-year median of 11.72)
GF Value™: $33.07 vs. price of $46.95 (42% above fair value)
Industry Position: 14.4% above the Banks median (#505 of 1525)
No single metric tells the full story. See the AMAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Amalgamated Financial Corp is a bank holding company. It is a full-service commercial bank and a chartered trust company. It provides commercial banking and trust services nationally and offers various products and services to commercial and retail customers. It offers a complete suite of commercial and retail banking, investment management, and trust and custody services.
66GF Score
Get the complete analysis for AMAL
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
AMAL has been successfully added to your 
