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Impax Environmental MarketsCHIX:IEML -0.40%31 Return-on-Tangible-Equity is 6.44% as of Dec. 2025, which is 30% below its 10-year median of 9.14. GuruFocus rates CHIX:IEML with a GF Score™ of 31/100 and a GF Value™ of £1.24 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,591 Asset Management companies, Impax Environmental Markets ranks worse than 80.45% 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. Impax Environmental Markets's annualized net income for the quarter that ended in Dec. 2025 was £53.61 Mil. Impax Environmental Markets's average shareholder tangible equity for the quarter that ended in Dec. 2025 was £833.02 Mil. Therefore, Impax Environmental Markets's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 6.44%.
The historical rank and industry rank for Impax Environmental Markets's Return-on-Tangible-Equity or its related term are showing as below:
CHIX:IEMl'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -16.28 Med: 9.14 Max: 30.09
Current: -1.62
During the past 13 years, Impax Environmental Markets's highest Return-on-Tangible-Equity was 30.09%. The lowest was -16.28%. And the median was 9.14%.
CHIX:IEMl's Return-on-Tangible-Equity is ranked worse than 80.45% of 1591
companies
in the Asset Management industry
Industry Median: 7.21
vs CHIX:IEMl: -1.62
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.
Impax Environmental Markets Return-on-Tangible-Equity Related Terms
Impax Environmental Markets 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.
CHIX:IEML vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Impax Environmental Markets'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.
Impax Environmental Markets Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Impax Environmental Markets's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Impax Environmental Markets'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 6.44% mean?
Impax Environmental Markets (CHIX:IEML) has a Return-on-Tangible-Equity of 6.44% 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 Impax Environmental Markets and its competitors. This is 30% below median its historical median of 9.14. According to the industry distribution chart, Impax Environmental Markets ranks #1280 out of 1591 companies in the Asset Management industry, placing it in the top 80.5%.
Is Impax Environmental Markets' Return-on-Tangible-Equity too high?
Impax Environmental Markets' current Return-on-Tangible-Equity of 6.44% is 30% below median its 10-year median of 9.14. The Asset Management industry median Return-on-Tangible-Equity is 7.21. Impax Environmental Markets' value of 6.44% is 10.7% below this industry median. Based on the distribution chart, Impax Environmental Markets ranks #1280 out of 1591 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Impax Environmental Markets has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Impax Environmental Markets' Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Impax Environmental Markets ranks #1280 out of 1591 companies for Return-on-Tangible-Equity. This places Impax Environmental Markets in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.21. Impax Environmental Markets' value of 6.44% is 10.7% below this benchmark. While the company's 10-year median is 9.14 vs. the industry median of 7.21, Impax Environmental Markets has consistently been below 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 7.21, based on 1,591 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. Impax Environmental Markets's current Return-on-Tangible-Equity of 6.44% is 10.7% below 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 Impax Environmental Markets 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. Impax Environmental Markets's current Return-on-Tangible-Equity is 6.44%, which is 30% below median its own 10-year median of 9.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Impax Environmental Markets stock overvalued right now?
Based on GuruFocus' analysis, Impax Environmental Markets (CHIX:IEML) is currently considered Significantly Overvalued. The stock's GF Value™ is £1.24, compared to a current price of £4.37 — trading 252.6% above its estimated fair value. The current Return-on-Tangible-Equity is 6.44%, which is 30% below median its 10-year median of 9.14 and 10.7% below the Asset Management industry median of 7.21. Impax Environmental Markets' overall GF Score™ is 31/100 with 4 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 Impax Environmental Markets (CHIX:IEML), the current Return-on-Tangible-Equity is 6.44% 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 Impax Environmental Markets (CHIX:IEML) Overvalued in 2026?
Based on GuruFocus' analysis, Impax Environmental Markets stock appears to be overvalued.
The current stock price of £4.37 is trading 252.6% above its estimated GF Value™ of £1.24.
GuruFocus considers Impax Environmental Markets to be Significantly Overvalued.
Key valuation signals for CHIX:IEML:
Return-on-Tangible-Equity: 6.44% (30% below median its 10-year median of 9.14)
GF Value™: £1.24 vs. price of £4.37 (252.6% above fair value)
Industry Position: 10.7% below the Asset Management median (#1280 of 1591)
No single metric tells the full story. See the CHIX:IEML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Impax Environmental Markets PLC is an investment trust company that is engaged in portfolio management. The company's investment objective is to enable investors to benefit from growth in the markets for cleaner or more efficient delivery of basic services of energy, water, and waste. It invests in quoted companies that provide, utilize, implement, or advise upon technology-based systems, products, or services in environmental markets, particularly those of alternative energy and energy efficiency, water treatment and pollution control, and waste technology and resource management.
31GF Score
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