VSA Capital Group (AQSE:VSA) Return-on-Tangible-Equity: -97.27% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is VSA Capital Group Return-on-Tangible-Equity?

VSA Capital Group AQSE:VSA Return-on-Tangible-Equity is -97.27% as of Mar. 2026. The stock has 5 warning signs investors should review. Among 782 Capital Markets companies, VSA Capital Group ranks worse than 91.3% 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. VSA Capital Group's annualized net income for the quarter that ended in Mar. 2026 was £-1.57 Mil. VSA Capital Group's average shareholder tangible equity for the quarter that ended in Mar. 2026 was £1.61 Mil. Therefore, VSA Capital Group's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -97.27%.

The historical rank and industry rank for VSA Capital Group's Return-on-Tangible-Equity or its related term are showing as below:

AQSE:VSA' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -130.43   Med: 1.03   Max: 16.04
Current: -40.38

During the past 7 years, VSA Capital Group's highest Return-on-Tangible-Equity was 16.04%. The lowest was -130.43%. And the median was 1.03%.

AQSE:VSA's Return-on-Tangible-Equity is ranked worse than
91.3% of 782 companies
in the Capital Markets industry
Industry Median: 6.52 vs AQSE:VSA: -40.38

VSA Capital Group  (AQSE:VSA) 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.


VSA Capital Group Return-on-Tangible-Equity Related Terms


VSA Capital Group Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for VSA Capital Group'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.

VSA Capital Group Return-on-Tangible-Equity Chart

VSA Capital Group Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Return-on-Tangible-Equity
Get a 7-Day Free Trial 1.63 8.08 -130.43 -1.42 -44.61

VSA Capital Group Semi-Annual Data
Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -147.76 43.03 -36.22 14.78 -97.27

AQSE:VSA vs MS, GS, SCHW: Return-on-Tangible-Equity Comparison

For the Capital Markets subindustry, VSA Capital Group'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.


VSA Capital Group Return-on-Tangible-Equity vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, VSA Capital Group's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where VSA Capital Group's Return-on-Tangible-Equity falls into.



VSA Capital Group Return-on-Tangible-Equity Calculation

VSA Capital Group's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=-0.652/( (1.624+1.299 )/ 2 )
=-0.652/1.4615
=-44.61 %

VSA Capital Group's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=-1.566/( (1.921+1.299)/ 2 )
=-1.566/1.61
=-97.27 %

* 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 (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 -97.27% mean?
VSA Capital Group (AQSE:VSA) has a Return-on-Tangible-Equity of -97.27% 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 VSA Capital Group and its competitors. According to the industry distribution chart, VSA Capital Group ranks #714 out of 782 companies in the Capital Markets industry, placing it in the top 91.3%.
Is VSA Capital Group's Return-on-Tangible-Equity too high?
VSA Capital Group's current Return-on-Tangible-Equity is -97.27%. Based on the distribution chart, VSA Capital Group ranks #714 out of 782 companies in the Capital Markets industry, which is in the bottom quartile relative to peers.
How does VSA Capital Group's Return-on-Tangible-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, VSA Capital Group ranks #714 out of 782 companies for Return-on-Tangible-Equity. This places VSA Capital Group in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.52. 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 Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.52, based on 782 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. 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 VSA Capital Group and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VSA Capital Group's current Return-on-Tangible-Equity is -97.27%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VSA Capital Group stock overvalued right now?
Based on GuruFocus' analysis, VSA Capital Group (AQSE:VSA) is currently considered Modestly Undervalued. The stock's GF Value™ is £0.05, compared to a current price of £0.04 — trading 15% below its estimated fair value. The current Return-on-Tangible-Equity is -97.27%. 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 VSA Capital Group (AQSE:VSA), the current Return-on-Tangible-Equity is -97.27% 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.

VSA Capital Group Business Description

Address 99 Bishopsgate, London, GBR, EC2M 3XD
VSA Capital Group PLC is an international investment banking and broking firm. The company provides corporate finance, advisory, and capital markets services to private and public growth companies. Its focus is on providing an independent, solutions-driven service to clients across multiple sectors with a particular focus on natural resources, transitional energy, alternative energy and TMT. The company's segment includes Corporate Finance fees, Broking fees, Bond trading, Research fees, and Other income. The company generates the majority of its revenue from the Corporate Finance fees.