EQT HoldingsASX:EQT +0.11%63 Return-on-Tangible-Equity is 51.74% as of Dec. 2025, which is 55% above its 10-year median of 33.35. GuruFocus rates ASX:EQT with a GF Score™ of 63/100 and a GF Value™ of A$37.82 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,591 Asset Management companies, EQT Holdings ranks better than 94.03% 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. EQT Holdings's annualized net income for the quarter that ended in Dec. 2025 was A$41.0 Mil. EQT Holdings's average shareholder tangible equity for the quarter that ended in Dec. 2025 was A$79.2 Mil. Therefore, EQT Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 51.74%.
The historical rank and industry rank for EQT Holdings's Return-on-Tangible-Equity or its related term are showing as below:
ASX:EQT'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 24.75 Med: 33.35 Max: 53.92
Current: 53.92
During the past 13 years, EQT Holdings's highest Return-on-Tangible-Equity was 53.92%. The lowest was 24.75%. And the median was 33.35%.
ASX:EQT's Return-on-Tangible-Equity is ranked better than 94.03% of 1591
companies
in the Asset Management industry
Industry Median: 7.21
vs ASX:EQT: 53.92
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.
EQT Holdings Return-on-Tangible-Equity Related Terms
EQT Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for EQT 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.
ASX:EQT vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, EQT 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.
EQT Holdings Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, EQT Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where EQT 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 two times the semi-annual (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 51.74% mean?
EQT Holdings (ASX:EQT) has a Return-on-Tangible-Equity of 51.74% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on EQT Holdings and its competitors. This is 55% above median its historical median of 33.35. Over the past decade, EQT Holdings' Return-on-Tangible-Equity has ranged from 24.75 to 53.92. According to the industry distribution chart, EQT Holdings ranks #95 out of 1591 companies in the Asset Management industry, placing it in the top 6%.
Is EQT Holdings' Return-on-Tangible-Equity too high?
EQT Holdings' current Return-on-Tangible-Equity of 51.74% is 55% above median its 10-year median of 33.35. Over the past 10 years, this metric has ranged from a low of 24.75 to a high of 53.92. The Asset Management industry median Return-on-Tangible-Equity is 7.21. EQT Holdings' value of 51.74% is 617.6% above this industry median. Based on the distribution chart, EQT Holdings ranks #95 out of 1591 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, EQT Holdings has a GF Score™ of 63/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does EQT Holdings' Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, EQT Holdings ranks #95 out of 1591 companies for Return-on-Tangible-Equity. This places EQT Holdings in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.21. EQT Holdings' value of 51.74% is 617.6% above this benchmark. Historically, EQT Holdings' own Return-on-Tangible-Equity has ranged from 24.75 to 53.92 over the past decade. While the company's 10-year median is 33.35 vs. the industry median of 7.21, EQT 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 an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.21, based on 1,591 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. EQT Holdings's current Return-on-Tangible-Equity of 51.74% is 617.6% 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 EQT Holdings and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EQT Holdings's current Return-on-Tangible-Equity is 51.74%, which is 55% above median its own 10-year median of 33.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EQT Holdings stock overvalued right now?
Based on GuruFocus' analysis, EQT Holdings (ASX:EQT) is currently considered Significantly Undervalued. The stock's GF Value™ is A$37.82, compared to a current price of A$17.95 — trading 52.5% below its estimated fair value. The current Return-on-Tangible-Equity is 51.74%, which is 55% above median its 10-year median of 33.35 and 617.6% above the Asset Management industry median of 7.21. EQT Holdings' overall GF Score™ is 63/100 with 3 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 EQT Holdings (ASX:EQT), the current Return-on-Tangible-Equity is 51.74% as of Dec. 2025. 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 EQT Holdings (ASX:EQT) Overvalued in 2026?
Based on GuruFocus' analysis, EQT Holdings stock appears to be undervalued.
The current stock price of A$17.95 is trading 52.5% below its estimated GF Value™ of A$37.82.
GuruFocus considers EQT Holdings to be Significantly Undervalued.
Key valuation signals for ASX:EQT:
Return-on-Tangible-Equity: 51.74% (55% above median its 10-year median of 33.35)
GF Value™: A$37.82 vs. price of A$17.95 (52.5% below fair value)
Industry Position: 617.6% above the Asset Management median (#95 of 1591)
No single metric tells the full story. See the ASX:EQT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
EQT Holdings Ltd is an independent trustee and executor company. The company's operating segment includes Trustee & Wealth Services, Corporate & Superannuation Trustee Services - Australia, and Corporate Trustee Services - Europe. It generates maximum revenue from Trustee and Wealth Services. The Trustee & wealth Services segment provides a range of private client, philanthropic and superannuation services including estate planning and management; charitable, compensation, community and personal trust services, wealth management and advice. It has a presence in Australia, the United Kingdom, and Ireland.
63GF Score
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