AGMACAS:AGM 40 Return-on-Tangible-Equity is 192.06% as of Dec. 2025, which is 15% below its 10-year median of 227.03. GuruFocus rates CAS:AGM with a GF Score™ of 40/100 and a GF Value™ of MAD7,932.70 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 499 Insurance companies, AGMA ranks better than 94.99% 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. AGMA's annualized net income for the quarter that ended in Dec. 2025 was MAD70.7 Mil. AGMA's average shareholder tangible equity for the quarter that ended in Dec. 2025 was MAD36.8 Mil. Therefore, AGMA's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 192.06%.
The historical rank and industry rank for AGMA's Return-on-Tangible-Equity or its related term are showing as below:
CAS:AGM'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 153.84 Med: 227.03 Max: 460.04
Current: 191.51
During the past 9 years, AGMA's highest Return-on-Tangible-Equity was 460.04%. The lowest was 153.84%. And the median was 227.03%.
CAS:AGM's Return-on-Tangible-Equity is ranked better than 94.99% of 499
companies
in the Insurance industry
Industry Median: 13.52
vs CAS:AGM: 191.51
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.
AGMA Return-on-Tangible-Equity Related Terms
AGMA Return-on-Tangible-Equity Historical Data
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The historical data trend for AGMA'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.
CAS:AGM vs BRK.A, AIG, HIG: Return-on-Tangible-Equity Comparison
For the Insurance - Diversified subindustry, AGMA'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.
AGMA Return-on-Tangible-Equity vs Insurance Industry
For the Insurance industry and Financial Services sector, AGMA's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where AGMA'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 192.06% mean?
AGMA (CAS:AGM) has a Return-on-Tangible-Equity of 192.06% 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 AGMA and its competitors. This is 15% below median its historical median of 227.03. Over the past decade, AGMA's Return-on-Tangible-Equity has ranged from 153.84 to 460.04. According to the industry distribution chart, AGMA ranks #25 out of 499 companies in the Insurance industry, placing it in the top 5%.
Is AGMA's Return-on-Tangible-Equity too high?
AGMA's current Return-on-Tangible-Equity of 192.06% is 15% below median its 10-year median of 227.03. Over the past 10 years, this metric has ranged from a low of 153.84 to a high of 460.04. The Insurance industry median Return-on-Tangible-Equity is 13.52. AGMA's value of 192.06% is 1320.6% above this industry median. Based on the distribution chart, AGMA ranks #25 out of 499 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, AGMA has a GF Score™ of 40/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AGMA's Return-on-Tangible-Equity compare to BRK.A and AIG?
According to the Insurance industry distribution chart, AGMA ranks #25 out of 499 companies for Return-on-Tangible-Equity. This places AGMA in the top 5% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 13.52. AGMA's value of 192.06% is 1320.6% above this benchmark. Historically, AGMA's own Return-on-Tangible-Equity has ranged from 153.84 to 460.04 over the past decade. While the company's 10-year median is 227.03 vs. the industry median of 13.52, AGMA 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 Insurance company?
The median Return-on-Tangible-Equity among Insurance companies is 13.52, based on 499 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. AGMA's current Return-on-Tangible-Equity of 192.06% is 1320.6% 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 AGMA and its competitors. For the Insurance industry, the median Return-on-Tangible-Equity is 13.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AGMA's current Return-on-Tangible-Equity is 192.06%, which is 15% below median its own 10-year median of 227.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AGMA stock overvalued right now?
Based on GuruFocus' analysis, AGMA (CAS:AGM) is currently considered Modestly Undervalued. The stock's GF Value™ is MAD7,932.70, compared to a current price of MAD7,174.00 — trading 9.6% below its estimated fair value. The current Return-on-Tangible-Equity is 192.06%, which is 15% below median its 10-year median of 227.03 and 1320.6% above the Insurance industry median of 13.52. AGMA's overall GF Score™ is 40/100 with 5 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 AGMA (CAS:AGM), the current Return-on-Tangible-Equity is 192.06% 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 AGMA (CAS:AGM) Overvalued in 2026?
Based on GuruFocus' analysis, AGMA stock appears to be undervalued.
The current stock price of MAD7,174.00 is trading 9.6% below its estimated GF Value™ of MAD7,932.70.
GuruFocus considers AGMA to be Modestly Undervalued.
Key valuation signals for CAS:AGM:
Return-on-Tangible-Equity: 192.06% (15% below median its 10-year median of 227.03)
GF Value™: MAD7,932.70 vs. price of MAD7,174.00 (9.6% below fair value)
Industry Position: 1320.6% above the Insurance median (#25 of 499)
No single metric tells the full story. See the CAS:AGM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AGMA provides insurance and reinsurance broking services. The services provided by the company include automobile, housing and property insurance, assistance, and education annuity.
40GF Score
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