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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. Grayscale Bitcoin Cash TR BCH's annualized net income for the quarter that ended in Mar. 2021 was $173.40 Mil. Grayscale Bitcoin Cash TR BCH's average shareholder tangible equity for the quarter that ended in Mar. 2021 was $118.30 Mil. Therefore, Grayscale Bitcoin Cash TR BCH's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2021 was 146.58%.
The historical rank and industry rank for Grayscale Bitcoin Cash TR BCH's Return-on-Tangible-Equity or its related term are showing as below:
BCHG's Return-on-Tangible-Equity is not ranked *
in the Asset Management industry.
Industry Median: 7.21 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
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.
Grayscale Bitcoin Cash TR BCH Return-on-Tangible-Equity Related Terms
Grayscale Bitcoin Cash TR BCH 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.
For the Asset Management subindustry, Grayscale Bitcoin Cash TR BCH'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.
Grayscale Bitcoin Cash TR BCH Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Grayscale Bitcoin Cash TR BCH's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Grayscale Bitcoin Cash TR BCH'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 four times the quarterly (Mar. 2021) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 146.58% mean?
Grayscale Bitcoin Cash TR BCH (BCHG) has a Return-on-Tangible-Equity of 146.58% as of Mar. 2021. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Grayscale Bitcoin Cash TR BCH and its competitors.
Is Grayscale Bitcoin Cash TR BCH's Return-on-Tangible-Equity too high?
Grayscale Bitcoin Cash TR BCH's current Return-on-Tangible-Equity is 146.58%. The Asset Management industry median Return-on-Tangible-Equity is 7.21. Grayscale Bitcoin Cash TR BCH's value of 146.58% is 1933% above this industry median.
How does Grayscale Bitcoin Cash TR BCH's Return-on-Tangible-Equity compare to ?
Grayscale Bitcoin Cash TR BCH's Return-on-Tangible-Equity of 146.58% can be compared against companies in the Asset Management industry. The industry median Return-on-Tangible-Equity is 7.21. Grayscale Bitcoin Cash TR BCH's value of 146.58% is 1933% above this benchmark. 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 1,592 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. Grayscale Bitcoin Cash TR BCH's current Return-on-Tangible-Equity of 146.58% is 1933% 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 Grayscale Bitcoin Cash TR BCH 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. Grayscale Bitcoin Cash TR BCH's current Return-on-Tangible-Equity is 146.58%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grayscale Bitcoin Cash TR BCH stock overvalued right now?
Grayscale Bitcoin Cash TR BCH (BCHG) has a current Return-on-Tangible-Equity of 146.58%. The current Return-on-Tangible-Equity is 146.58% and 1933% above the Asset Management industry median of 7.21. 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 Grayscale Bitcoin Cash TR BCH (BCHG), the current Return-on-Tangible-Equity is 146.58% as of Mar. 2021. 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.
Grayscale Bitcoin Cash TR BCH Business Description
Grayscale Bitcoin Cash TR BCH provides platform for digital currency investing. It provides investment products like single-asset, diversified, large cap funds, and others. The company operates as a digital currency asset manager.
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