Pengana Capital GroupASX:PCG +3.26%55 Return-on-Tangible-Equity is 10.02% as of Dec. 2025, which is 58% below its 10-year median of 23.75. GuruFocus rates ASX:PCG with a GF Score™ of 55/100 and a GF Value™ of A$0.35 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 1,588 Asset Management companies, Pengana Capital Group ranks better than 63.79% 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$150.31 Mil. Therefore, Pengana Capital Group's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 10.02%.
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: -71.3 Med: 23.75 Max: 65.97
Current: 11.39
During the past 13 years, Pengana Capital Group's highest Return-on-Tangible-Equity was 65.97%. The lowest was -71.30%. And the median was 23.75%.
ASX:PCG's Return-on-Tangible-Equity is ranked better than 63.79% of 1588
companies
in the Asset Management industry
Industry Median: 7.165
vs ASX:PCG: 11.39
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
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 10.02% mean?
Pengana Capital Group (ASX:PCG) has a Return-on-Tangible-Equity of 10.02% 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 58% below median its historical median of 23.75. According to the industry distribution chart, Pengana Capital Group ranks #575 out of 1588 companies in the Asset Management industry, placing it in the top 36.2%.
Is Pengana Capital Group's Return-on-Tangible-Equity too high?
Pengana Capital Group's current Return-on-Tangible-Equity of 10.02% is 58% below median its 10-year median of 23.75. The Asset Management industry median Return-on-Tangible-Equity is 7.17. Pengana Capital Group's value of 10.02% is 39.8% above this industry median. Based on the distribution chart, Pengana Capital Group ranks #575 out of 1588 companies in the Asset Management industry, which is above the industry midpoint. Overall, Pengana Capital Group has a GF Score™ of 55/100 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 #575 out of 1588 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 7.17. Pengana Capital Group's value of 10.02% is 39.8% above this benchmark. While the company's 10-year median is 23.75 vs. the industry median of 7.17, 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 7.17, 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. Pengana Capital Group's current Return-on-Tangible-Equity of 10.02% is 39.8% 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 7.17 — 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 10.02%, which is 58% below median its own 10-year median of 23.75. 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$0.95 — trading 171.4% above its estimated fair value. The current Return-on-Tangible-Equity is 10.02%, which is 58% below median its 10-year median of 23.75 and 39.8% above the Asset Management industry median of 7.17. Pengana Capital Group's overall GF Score™ is 55/100 with 10 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 10.02% 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$0.95 is trading 171.4% 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: 10.02% (58% below median its 10-year median of 23.75)
GF Value™: A$0.35 vs. price of A$0.95 (171.4% above fair value)
Industry Position: 39.8% above the Asset Management median (#575 of 1588)
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.
55GF Score
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