Pengana Capital GroupASX:PCG +0.59%46 Return-on-Tangible-Equity is 7.57% as of Dec. 2025, which is 5% below its 10-year median of 7.99. GuruFocus rates ASX:PCG with a GF Score™ of 46/100 and a GF Value™ of A$0.35 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,591 Asset Management companies, Pengana Capital Group ranks better than 55.12% 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. Pengana Capital Group's annualized net income for the quarter that ended in Dec. 2025 was A$15.06 Mil. Pengana Capital Group's average shareholder tangible equity for the quarter that ended in Dec. 2025 was A$198.92 Mil. Therefore, Pengana Capital Group's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 7.57%.
The historical rank and industry rank for Pengana Capital Group's Return-on-Tangible-Equity or its related term are showing as below:
ASX:PCG'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.99 Med: 7.99 Max: 8.42
Current: 8.42
During the past 1 years, Pengana Capital Group's highest Return-on-Tangible-Equity was 8.42%. The lowest was 7.99%. And the median was 7.99%.
ASX:PCG's Return-on-Tangible-Equity is ranked better than 55.12% of 1591
companies
in the Asset Management industry
Industry Median: 7.21
vs ASX:PCG: 8.42
Pengana Capital Group (ASX:PCG) 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.
Pengana Capital Group Return-on-Tangible-Equity Related Terms
Pengana Capital Group Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Pengana Capital Group'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.
Pengana Capital Group Return-on-Tangible-Equity Chart
Pengana Capital Group Annual Data
Trend
Jun25
Return-on-Tangible-Equity
7.99
Pengana Capital Group Semi-Annual Data
Dec24
Jun25
Dec25
Return-on-Tangible-Equity
5.81
10.01
7.57
ASX:PCG vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Pengana Capital Group'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.
Pengana Capital Group Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Pengana Capital Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Pengana Capital Group'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 7.57% mean?
Pengana Capital Group (ASX:PCG) has a Return-on-Tangible-Equity of 7.57% 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 Pengana Capital Group and its competitors. This is near median its historical median of 7.99. Over the past decade, Pengana Capital Group's Return-on-Tangible-Equity has ranged from 7.99 to 8.42. According to the industry distribution chart, Pengana Capital Group ranks #714 out of 1591 companies in the Asset Management industry, placing it in the top 44.9%.
Is Pengana Capital Group's Return-on-Tangible-Equity too high?
Pengana Capital Group's current Return-on-Tangible-Equity of 7.57% is near median its 10-year median of 7.99. Over the past 10 years, this metric has ranged from a low of 7.99 to a high of 8.42. The Asset Management industry median Return-on-Tangible-Equity is 7.21. Pengana Capital Group's value of 7.57% is 5% above this industry median. Based on the distribution chart, Pengana Capital Group ranks #714 out of 1591 companies in the Asset Management industry, which is above the industry midpoint. Overall, Pengana Capital Group has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pengana Capital Group's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Pengana Capital Group ranks #714 out of 1591 companies for Return-on-Tangible-Equity. This puts Pengana Capital Group in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.21. Pengana Capital Group's value of 7.57% is 5% above this benchmark. Historically, Pengana Capital Group's own Return-on-Tangible-Equity has ranged from 7.99 to 8.42 over the past decade. While the company's 10-year median is 7.99 vs. the industry median of 7.21, Pengana Capital Group 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. Pengana Capital Group's current Return-on-Tangible-Equity of 7.57% is 5% 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 Pengana Capital Group 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. Pengana Capital Group's current Return-on-Tangible-Equity is 7.57%, which is near median its own 10-year median of 7.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pengana Capital Group stock overvalued right now?
Based on GuruFocus' analysis, Pengana Capital Group (ASX:PCG) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.35, compared to a current price of A$0.85 — trading 142.9% above its estimated fair value. The current Return-on-Tangible-Equity is 7.57%, which is near median its 10-year median of 7.99 and 5% above the Asset Management industry median of 7.21. Pengana Capital Group's overall GF Score™ is 46/100 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 Pengana Capital Group (ASX:PCG), the current Return-on-Tangible-Equity is 7.57% 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 Pengana Capital Group (ASX:PCG) Overvalued in 2026?
Based on GuruFocus' analysis, Pengana Capital Group stock appears to be overvalued.
The current stock price of A$0.85 is trading 142.9% above its estimated GF Value™ of A$0.35.
GuruFocus considers Pengana Capital Group to be Significantly Overvalued.
Key valuation signals for ASX:PCG:
Return-on-Tangible-Equity: 7.57% (near median its 10-year median of 7.99)
GF Value™: A$0.35 vs. price of A$0.85 (142.9% above fair value)
Industry Position: 5% above the Asset Management median (#714 of 1591)
No single metric tells the full story. See the ASX:PCG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pengana Capital Group Ltd is a diversified fund management company. Its objective is to increase investor wealth by developing, offering, and managing investment funds in Australia and globally as opportunities arise. It operates in one operating segment being the development, offering of, and management of investment funds.
46GF Score
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