Sunbelt Rentals HoldingsASHGY +1.17%49 Return-on-Tangible-Equity is 24.43% as of Apr. 2026, which is 54% below its 10-year median of 53.34. GuruFocus rates ASHGY with a GF Scoreâ„¢ of 49/100. The stock has 4 warning signs investors should review. Among 1,009 Business Services companies, Sunbelt Rentals Holdings ranks better than 80.97% 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. Sunbelt Rentals Holdings's annualized net income for the quarter that ended in Apr. 2026 was $904 Mil. Sunbelt Rentals Holdings's average shareholder tangible equity for the quarter that ended in Apr. 2026 was $3,701 Mil. Therefore, Sunbelt Rentals Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Apr. 2026 was 24.43%.
The historical rank and industry rank for Sunbelt Rentals Holdings's Return-on-Tangible-Equity or its related term are showing as below:
ASHGY'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 34.39 Med: 53.34 Max: 81.58
Current: 34.39
During the past 13 years, Sunbelt Rentals Holdings's highest Return-on-Tangible-Equity was 81.58%. The lowest was 34.39%. And the median was 53.34%.
ASHGY's Return-on-Tangible-Equity is ranked better than 80.97% of 1009
companies
in the Business Services industry
Industry Median: 10.57
vs ASHGY: 34.39
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.
Sunbelt Rentals Holdings Return-on-Tangible-Equity Related Terms
Sunbelt Rentals Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Sunbelt Rentals Holdings'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.
ASHGY vs AER, UHAL, R: Return-on-Tangible-Equity Comparison
For the Rental & Leasing Services subindustry, Sunbelt Rentals Holdings'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.
Sunbelt Rentals Holdings Return-on-Tangible-Equity vs Business Services Industry
For the Business Services industry and Industrials sector, Sunbelt Rentals Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Sunbelt Rentals Holdings'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 (Apr. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 24.43% mean?
Sunbelt Rentals Holdings (ASHGY) has a Return-on-Tangible-Equity of 24.43% as of Apr. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Sunbelt Rentals Holdings and its competitors. This is 54% below median its historical median of 53.34. Over the past decade, Sunbelt Rentals Holdings' Return-on-Tangible-Equity has ranged from 34.39 to 81.58. According to the industry distribution chart, Sunbelt Rentals Holdings ranks #192 out of 1009 companies in the Business Services industry, placing it in the top 19%.
Is Sunbelt Rentals Holdings' Return-on-Tangible-Equity too high?
Sunbelt Rentals Holdings' current Return-on-Tangible-Equity of 24.43% is 54% below median its 10-year median of 53.34. Over the past 10 years, this metric has ranged from a low of 34.39 to a high of 81.58. The Business Services industry median Return-on-Tangible-Equity is 10.57. Sunbelt Rentals Holdings' value of 24.43% is 131.1% above this industry median. Based on the distribution chart, Sunbelt Rentals Holdings ranks #192 out of 1009 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Sunbelt Rentals Holdings has a GF Score™ of 49/100, reflecting its overall financial health beyond just this single metric.
How does Sunbelt Rentals Holdings' Return-on-Tangible-Equity compare to AER and UHAL?
According to the Business Services industry distribution chart, Sunbelt Rentals Holdings ranks #192 out of 1009 companies for Return-on-Tangible-Equity. This places Sunbelt Rentals Holdings in the top 19% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 10.57. Sunbelt Rentals Holdings' value of 24.43% is 131.1% above this benchmark. Historically, Sunbelt Rentals Holdings' own Return-on-Tangible-Equity has ranged from 34.39 to 81.58 over the past decade. While the company's 10-year median is 53.34 vs. the industry median of 10.57, Sunbelt Rentals Holdings 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 Business Services company?
The median Return-on-Tangible-Equity among Business Services companies is 10.57, based on 1,009 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. Sunbelt Rentals Holdings's current Return-on-Tangible-Equity of 24.43% is 131.1% 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 Sunbelt Rentals Holdings and its competitors. For the Business Services industry, the median Return-on-Tangible-Equity is 10.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sunbelt Rentals Holdings's current Return-on-Tangible-Equity is 24.43%, which is 54% below median its own 10-year median of 53.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sunbelt Rentals Holdings stock overvalued right now?
Sunbelt Rentals Holdings (ASHGY) has a current Return-on-Tangible-Equity of 24.43%. The current Return-on-Tangible-Equity is 24.43%, which is 54% below median its 10-year median of 53.34 and 131.1% above the Business Services industry median of 10.57. Sunbelt Rentals Holdings' overall GF Score™ is 49/100 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 Sunbelt Rentals Holdings (ASHGY), the current Return-on-Tangible-Equity is 24.43% as of Apr. 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.
Sunbelt Rentals (formerly UK-based Ashtead Group) is the number two equipment rental company in the US (11% market share), with a smaller presence in Canada and the UK. Sunbelt operates a rental fleet of just over $15 billion across a network of 1,200 stores in the US, nearly CAD 2 billion of fleet and 135 stores in Canada, and GBP 1.1 billion and 190 stores in the UK. The company has experienced rapid growth over the past decade as its customers increasingly turn to rental versus owning equipment outright. The general tool business has been augmented by the Specialty Rental business, which has grown to 30% of the mix. Revenue is now greater than 50% nonconstruction, with the remainder focused more directly on commercial construction.
49GF Score
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