Future Generation Global Investment CoASX:FGG 37 Return-on-Tangible-Equity is 6.50% as of Dec. 2025, which is 87% above its 10-year median of 3.48. GuruFocus rates ASX:FGG with a GF Score™ of 37/100 and a GF Value™ of A$0.96 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,588 Asset Management companies, Future Generation Global Investment Co ranks better than 51.76% on this metric.
ASX:FGG'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -15.56 Med: 3.48 Max: 16.79
Current: 7.63
During the past 9 years, Future Generation Global Investment Co's highest Return-on-Tangible-Equity was 16.79%. The lowest was -15.56%. And the median was 3.48%.
ASX:FGG's Return-on-Tangible-Equity is ranked better than 51.76% of 1588
companies
in the Asset Management industry
Industry Median: 7.19
vs ASX:FGG: 7.63
Future Generation Global Investment Co (ASX:FGG) 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.
Future Generation Global Investment Co Return-on-Tangible-Equity Related Terms
Future Generation Global Investment Co 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.
Future Generation Global Investment Co Return-on-Tangible-Equity Chart
Future Generation Global Investment Co Annual Data
ASX:FGG vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Future Generation Global Investment Co'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.
Future Generation Global Investment Co Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Future Generation Global Investment Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Future Generation Global Investment Co'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 6.50% mean?
Future Generation Global Investment Co (ASX:FGG) has a Return-on-Tangible-Equity of 6.50% 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 Future Generation Global Investment Co and its competitors. This is 87% above median its historical median of 3.48. According to the industry distribution chart, Future Generation Global Investment Co ranks #766 out of 1588 companies in the Asset Management industry, placing it in the top 48.2%.
Is Future Generation Global Investment Co's Return-on-Tangible-Equity too high?
Future Generation Global Investment Co's current Return-on-Tangible-Equity of 6.50% is 87% above median its 10-year median of 3.48. The Asset Management industry median Return-on-Tangible-Equity is 7.19. Future Generation Global Investment Co's value of 6.50% is 9.6% below this industry median. Based on the distribution chart, Future Generation Global Investment Co ranks #766 out of 1588 companies in the Asset Management industry, which is above the industry midpoint. Overall, Future Generation Global Investment Co has a GF Score™ of 37/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Future Generation Global Investment Co's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Future Generation Global Investment Co ranks #766 out of 1588 companies for Return-on-Tangible-Equity. This puts Future Generation Global Investment Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.19. Future Generation Global Investment Co's value of 6.50% is 9.6% below this benchmark. While the company's 10-year median is 3.48 vs. the industry median of 7.19, Future Generation Global Investment Co has consistently been below 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 7.19, 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. Future Generation Global Investment Co's current Return-on-Tangible-Equity of 6.50% is 9.6% below 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 Future Generation Global Investment Co 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. Future Generation Global Investment Co's current Return-on-Tangible-Equity is 6.50%, which is 87% above median its own 10-year median of 3.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Future Generation Global Investment Co stock overvalued right now?
Based on GuruFocus' analysis, Future Generation Global Investment Co (ASX:FGG) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.96, compared to a current price of A$1.70 — trading 77.1% above its estimated fair value. The current Return-on-Tangible-Equity is 6.50%, which is 87% above median its 10-year median of 3.48 and 9.6% below the Asset Management industry median of 7.19. Future Generation Global Investment Co's overall GF Score™ is 37/100 with 6 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 Future Generation Global Investment Co (ASX:FGG), the current Return-on-Tangible-Equity is 6.50% 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 Future Generation Global Investment Co (ASX:FGG) Overvalued in 2026?
Based on GuruFocus' analysis, Future Generation Global Investment Co stock appears to be overvalued.
The current stock price of A$1.70 is trading 77.1% above its estimated GF Value™ of A$0.96.
GuruFocus considers Future Generation Global Investment Co to be Significantly Overvalued.
Key valuation signals for ASX:FGG:
Return-on-Tangible-Equity: 6.50% (87% above median its 10-year median of 3.48)
GF Value™: A$0.96 vs. price of A$1.70 (77.1% above fair value)
Industry Position: 9.6% below the Asset Management median (#766 of 1588)
No single metric tells the full story. See the ASX:FGG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Future Generation Global Investment Co Business Description
Future Generation Global Investment Co Ltd provides diversified exposure to all over the world equities while also helping to improve the lives of young Australians affected by mental health issues. It is engaged in investing in unlisted unit trusts and deriving income from cash and cash equivalents. The principal activity of the Company is investing in equity fund managers while also investing in organizations promoting wellbeing and preventing mental ill-health in young Australians.
37GF Score
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