GQG PartnersASX:GQG +0.35%54 Return-on-Tangible-Equity is 106.29% as of Dec. 2025, which is 1% above its 10-year median of 104.85. GuruFocus rates ASX:GQG with a GF Score™ of 54/100 and a GF Value™ of A$2.57 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,591 Asset Management companies, GQG Partners ranks better than 97.23% 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. GQG Partners's annualized net income for the quarter that ended in Dec. 2025 was A$702 Mil. GQG Partners's average shareholder tangible equity for the quarter that ended in Dec. 2025 was A$660 Mil. Therefore, GQG Partners's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 106.29%.
The historical rank and industry rank for GQG Partners's Return-on-Tangible-Equity or its related term are showing as below:
ASX:GQG'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 78.94 Med: 104.85 Max: 112.87
Current: 108.27
During the past 5 years, GQG Partners's highest Return-on-Tangible-Equity was 112.87%. The lowest was 78.94%. And the median was 104.85%.
ASX:GQG's Return-on-Tangible-Equity is ranked better than 97.23% of 1591
companies
in the Asset Management industry
Industry Median: 7.21
vs ASX:GQG: 108.27
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.
GQG Partners Return-on-Tangible-Equity Related Terms
GQG Partners Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for GQG Partners'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:GQG vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, GQG Partners'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.
GQG Partners Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, GQG Partners's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where GQG Partners'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 106.29% mean?
GQG Partners (ASX:GQG) has a Return-on-Tangible-Equity of 106.29% 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 GQG Partners and its competitors. This is near median its historical median of 104.85. Over the past decade, GQG Partners' Return-on-Tangible-Equity has ranged from 78.94 to 112.87. According to the industry distribution chart, GQG Partners ranks #44 out of 1591 companies in the Asset Management industry, placing it in the top 2.8%.
Is GQG Partners' Return-on-Tangible-Equity too high?
GQG Partners' current Return-on-Tangible-Equity of 106.29% is near median its 10-year median of 104.85. Over the past 10 years, this metric has ranged from a low of 78.94 to a high of 112.87. The Asset Management industry median Return-on-Tangible-Equity is 7.21. GQG Partners' value of 106.29% is 1374.2% above this industry median. Based on the distribution chart, GQG Partners ranks #44 out of 1591 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, GQG Partners has a GF Score™ of 54/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does GQG Partners' Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, GQG Partners ranks #44 out of 1591 companies for Return-on-Tangible-Equity. This places GQG Partners in the top 3% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.21. GQG Partners' value of 106.29% is 1374.2% above this benchmark. Historically, GQG Partners' own Return-on-Tangible-Equity has ranged from 78.94 to 112.87 over the past decade. While the company's 10-year median is 104.85 vs. the industry median of 7.21, GQG Partners 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. GQG Partners's current Return-on-Tangible-Equity of 106.29% is 1374.2% 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 GQG Partners 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. GQG Partners's current Return-on-Tangible-Equity is 106.29%, which is near median its own 10-year median of 104.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GQG Partners stock overvalued right now?
Based on GuruFocus' analysis, GQG Partners (ASX:GQG) is currently considered Significantly Undervalued. The stock's GF Value™ is A$2.57, compared to a current price of A$1.44 — trading 44% below its estimated fair value. The current Return-on-Tangible-Equity is 106.29%, which is near median its 10-year median of 104.85 and 1374.2% above the Asset Management industry median of 7.21. GQG Partners' overall GF Score™ is 54/100 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 GQG Partners (ASX:GQG), the current Return-on-Tangible-Equity is 106.29% 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 GQG Partners (ASX:GQG) Overvalued in 2026?
Based on GuruFocus' analysis, GQG Partners stock appears to be undervalued.
The current stock price of A$1.44 is trading 44% below its estimated GF Value™ of A$2.57.
GuruFocus considers GQG Partners to be Significantly Undervalued.
Key valuation signals for ASX:GQG:
Return-on-Tangible-Equity: 106.29% (near median its 10-year median of 104.85)
GF Value™: A$2.57 vs. price of A$1.44 (44% below fair value)
Industry Position: 1374.2% above the Asset Management median (#44 of 1591)
No single metric tells the full story. See the ASX:GQG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Established in 2016, GQG Partners is a global boutique asset management firm mainly focused on active equity portfolios. The company offers investment advisory and portfolio management services. GQG Partners manages money for investors around the world, including pension funds, sovereign funds, wealth management firms, and other financial institutions. Headquartered in Fort Lauderdale, Florida, GQG also has operations in New York, Seattle, London, Sydney, and other locations.
54GF Score
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