The Carlyle GroupCG +0.52%63 Return-on-Tangible-Equity is -10.38% as of Mar. 2026. GuruFocus rates CG with a GF Score™ of 63/100 and a GF Value™ of $55.85 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,587 Asset Management companies, The Carlyle Group ranks better than 61.94% 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. The Carlyle Group's annualized net income for the quarter that ended in Mar. 2026 was $-529 Mil. The Carlyle Group's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $5,092 Mil. Therefore, The Carlyle Group's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -10.38%.
The historical rank and industry rank for The Carlyle Group's Return-on-Tangible-Equity or its related term are showing as below:
CG'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -12.48 Med: 21.75 Max: 75.46
Current: 10.71
During the past 13 years, The Carlyle Group's highest Return-on-Tangible-Equity was 75.46%. The lowest was -12.48%. And the median was 21.75%.
CG's Return-on-Tangible-Equity is ranked better than 61.94% of 1587
companies
in the Asset Management industry
Industry Median: 7.18
vs CG: 10.71
The Carlyle Group (NAS:CG) 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.
The Carlyle Group Return-on-Tangible-Equity Related Terms
The Carlyle Group Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for The Carlyle 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.
CG vs ARCC, CRBG, PS: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, The Carlyle 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.
The Carlyle Group Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, The Carlyle Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where The Carlyle 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 four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -10.38% mean?
The Carlyle Group (CG) has a Return-on-Tangible-Equity of -10.38% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on The Carlyle Group and its competitors. According to the industry distribution chart, The Carlyle Group ranks #604 out of 1587 companies in the Asset Management industry, placing it in the top 38.1%.
Is The Carlyle Group's Return-on-Tangible-Equity too high?
The Carlyle Group's current Return-on-Tangible-Equity is -10.38%. Based on the distribution chart, The Carlyle Group ranks #604 out of 1587 companies in the Asset Management industry, which is above the industry midpoint. Overall, The Carlyle Group has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does The Carlyle Group's Return-on-Tangible-Equity compare to ARCC and CRBG?
According to the Asset Management industry distribution chart, The Carlyle Group ranks #604 out of 1587 companies for Return-on-Tangible-Equity. This puts The Carlyle Group in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.18. 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 7.18, based on 1,587 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. 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 The Carlyle Group and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Carlyle Group's current Return-on-Tangible-Equity is -10.38%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Carlyle Group stock overvalued right now?
Based on GuruFocus' analysis, The Carlyle Group (CG) is currently considered Modestly Undervalued. The stock's GF Value™ is $55.85, compared to a current price of $42.33 — trading 24.2% below its estimated fair value. The current Return-on-Tangible-Equity is -10.38%. The Carlyle Group's overall GF Score™ is 63/100 with 6 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 The Carlyle Group (CG), the current Return-on-Tangible-Equity is -10.38% as of Mar. 2026. 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 The Carlyle Group (CG) Overvalued in 2026?
Based on GuruFocus' analysis, The Carlyle Group stock appears to be undervalued.
The current stock price of $42.33 is trading 24.2% below its estimated GF Value™ of $55.85.
GuruFocus considers The Carlyle Group to be Modestly Undervalued.
Key valuation signals for CG:
Return-on-Tangible-Equity: -10.38%
GF Value™: $55.85 vs. price of $42.33 (24.2% below fair value)
No single metric tells the full story. See the CG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Carlyle Group is one of the world's largest alternative-asset managers, with $476.9 billion in total AUM, including $336.8 billion in fee-earning AUM, at the end of 2025. The company has three core business segments: global private equity, which includes its private equity, real estate, infrastructure, and natural resources offerings (with $163.6 billion in total AUM and $101.4 billion in fee-earning AUM), global credit ($211.3 billion/$169.5 billion), and investment/fund solutions, known as Carlyle AlphInvest ($101.0 billion/$65.9 billion). The firm primarily serves institutional investors and high-net-worth individuals. Carlyle operates through 29 offices across five continents, serving more than 3,100 active carry fund investors from 87 countries.
63GF Score
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