Cordish Dixon Private Equity Fund IIIASX:CD3 33 Return-on-Tangible-Equity is -9.97% as of Mar. 2026. GuruFocus rates ASX:CD3 with a GF Score™ of 33/100. Among 1,588 Asset Management companies, Cordish Dixon Private Equity Fund III ranks worse than 84.89% on this metric.
The historical rank and industry rank for Cordish Dixon Private Equity Fund III's Return-on-Tangible-Equity or its related term are showing as below:
ASX:CD3'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -7.2 Med: 14.45 Max: 36.56
Current: -7.2
During the past 9 years, Cordish Dixon Private Equity Fund III's highest Return-on-Tangible-Equity was 36.56%. The lowest was -7.20%. And the median was 14.45%.
ASX:CD3's Return-on-Tangible-Equity is ranked worse than 84.89% of 1588
companies
in the Asset Management industry
Industry Median: 7.19
vs ASX:CD3: -7.20
Cordish Dixon Private Equity Fund III (ASX:CD3) 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.
Cordish Dixon Private Equity Fund III Return-on-Tangible-Equity Related Terms
Cordish Dixon Private Equity Fund III Return-on-Tangible-Equity Historical Data
* 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.
Cordish Dixon Private Equity Fund III Return-on-Tangible-Equity Chart
ASX:CD3 vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Cordish Dixon Private Equity Fund III'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.
Cordish Dixon Private Equity Fund III Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Cordish Dixon Private Equity Fund III's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Cordish Dixon Private Equity Fund III'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 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 -9.97% mean?
Cordish Dixon Private Equity Fund III (ASX:CD3) has a Return-on-Tangible-Equity of -9.97% 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 Cordish Dixon Private Equity Fund III and its competitors. According to the industry distribution chart, Cordish Dixon Private Equity Fund III ranks #1348 out of 1588 companies in the Asset Management industry, placing it in the top 84.9%.
Is Cordish Dixon Private Equity Fund III's Return-on-Tangible-Equity too high?
Cordish Dixon Private Equity Fund III's current Return-on-Tangible-Equity is -9.97%. Based on the distribution chart, Cordish Dixon Private Equity Fund III ranks #1348 out of 1588 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Cordish Dixon Private Equity Fund III has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Cordish Dixon Private Equity Fund III's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Cordish Dixon Private Equity Fund III ranks #1348 out of 1588 companies for Return-on-Tangible-Equity. This places Cordish Dixon Private Equity Fund III in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.19. 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 Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.19, based on 1,588 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 Cordish Dixon Private Equity Fund III and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cordish Dixon Private Equity Fund III's current Return-on-Tangible-Equity is -9.97%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cordish Dixon Private Equity Fund III stock overvalued right now?
Cordish Dixon Private Equity Fund III (ASX:CD3) has a current Return-on-Tangible-Equity of -9.97%. The current Return-on-Tangible-Equity is -9.97%. Cordish Dixon Private Equity Fund III's overall GF Score™ is 33/100. 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 Cordish Dixon Private Equity Fund III (ASX:CD3), the current Return-on-Tangible-Equity is -9.97% 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.
Cordish Dixon Private Equity Fund III Business Description
Cordish Dixon Private Equity Fund III invests in small-to-mid-market private investment funds and privately held companies with a predominant focus in the United States. The objective of the Fund is to achieve capital growth over a medium- to long-term investment time horizon through exposure to a portfolio of investments in small and mid-market private investment funds and privately held companies. Its private investment funds focus on a range of industries, including health care, business services, software businesses, and food and consumer products.
33GF Score
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