Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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. Carlyle Secured Lending's annualized net income for the quarter that ended in Jun. 2026 was $-0.24 Mil. Carlyle Secured Lending's average shareholder tangible equity for the quarter that ended in Jun. 2026 was $1,098.15 Mil. Therefore, Carlyle Secured Lending's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was -0.02%.
The historical rank and industry rank for Carlyle Secured Lending's Return-on-Tangible-Equity or its related term are showing as below:
CGBD'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.74 Med: 9.04 Max: 17.33
Current: 3.22
During the past 13 years, Carlyle Secured Lending's highest Return-on-Tangible-Equity was 17.33%. The lowest was 0.74%. And the median was 9.04%.
CGBD's Return-on-Tangible-Equity is ranked worse than 65.97% of 1587
companies
in the Asset Management industry
Industry Median: 7.4
vs CGBD: 3.22
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.
Carlyle Secured Lending Return-on-Tangible-Equity Related Terms
Carlyle Secured Lending Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Carlyle Secured Lending'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.
CGBD vs THQ, MQY, EOI: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Carlyle Secured Lending'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.
Carlyle Secured Lending Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Carlyle Secured Lending's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Carlyle Secured Lending'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 (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -0.02% mean?
Carlyle Secured Lending (CGBD) has a Return-on-Tangible-Equity of -0.02% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Carlyle Secured Lending and its competitors. Over the past decade, Carlyle Secured Lending's Return-on-Tangible-Equity has ranged from 0.74 to 17.33. According to the industry distribution chart, Carlyle Secured Lending ranks #1047 out of 1587 companies in the Asset Management industry, placing it in the top 66%.
Is Carlyle Secured Lending's Return-on-Tangible-Equity too high?
Carlyle Secured Lending's current Return-on-Tangible-Equity is -0.02%. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 17.33. Based on the distribution chart, Carlyle Secured Lending ranks #1047 out of 1587 companies in the Asset Management industry, which is below the industry midpoint. Overall, Carlyle Secured Lending has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Carlyle Secured Lending's Return-on-Tangible-Equity compare to THQ and MQY?
According to the Asset Management industry distribution chart, Carlyle Secured Lending ranks #1047 out of 1587 companies for Return-on-Tangible-Equity. This places Carlyle Secured Lending in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.40. Historically, Carlyle Secured Lending's own Return-on-Tangible-Equity has ranged from 0.74 to 17.33 over the past decade. 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 7.40, 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 Carlyle Secured Lending and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carlyle Secured Lending's current Return-on-Tangible-Equity is -0.02%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carlyle Secured Lending stock overvalued right now?
Based on GuruFocus' analysis, Carlyle Secured Lending (CGBD) is currently considered Modestly Undervalued. The stock's GF Value™ is $16.27, compared to a current price of $11.56 — trading 28.9% below its estimated fair value. The current Return-on-Tangible-Equity is -0.02%. Carlyle Secured Lending's overall GF Score™ is 60/100 with 8 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 Carlyle Secured Lending (CGBD), the current Return-on-Tangible-Equity is -0.02% as of Jun. 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 Carlyle Secured Lending (CGBD) Overvalued in 2026?
Based on GuruFocus' analysis, Carlyle Secured Lending stock appears to be undervalued.
The current stock price of $11.56 is trading 28.9% below its estimated GF Value™ of $16.27.
GuruFocus considers Carlyle Secured Lending to be Modestly Undervalued.
Key valuation signals for CGBD:
Return-on-Tangible-Equity: -0.02%
GF Value™: $16.27 vs. price of $11.56 (28.9% below fair value)
No single metric tells the full story. See the CGBD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Carlyle Secured Lending Inc is a specialty finance company that is a closed-end, externally managed, non-diversified management investment company. It focuses on providing directly originated, financing solutions across the capital structure, with a focus on senior secured lending to middle-market companies located in the United States. The company's investment objective is to generate current income and capital appreciation through debt investments in U.S. middle-market companies.
60GF Score
Get the complete analysis for CGBD
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
CGBD has been successfully added to your 
