Cornerstone Total Return FundCRF +0.55%52 Return-on-Tangible-Equity is 20.61% as of Dec. 2025, which is 12% above its 10-year median of 18.44. GuruFocus rates CRF with a GF Score™ of 52/100 and a GF Value™ of $5.88 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,590 Asset Management companies, Cornerstone Total Return Fund ranks better than 73.65% 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. Cornerstone Total Return Fund's annualized net income for the quarter that ended in Dec. 2025 was $212.0 Mil. Cornerstone Total Return Fund's average shareholder tangible equity for the quarter that ended in Dec. 2025 was $1,028.3 Mil. Therefore, Cornerstone Total Return Fund's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 20.61%.
The historical rank and industry rank for Cornerstone Total Return Fund's Return-on-Tangible-Equity or its related term are showing as below:
CRF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -19.18 Med: 18.44 Max: 26.01
Current: 17.18
During the past 13 years, Cornerstone Total Return Fund's highest Return-on-Tangible-Equity was 26.01%. The lowest was -19.18%. And the median was 18.44%.
CRF's Return-on-Tangible-Equity is ranked better than 73.65% of 1590
companies
in the Asset Management industry
Industry Median: 7.12
vs CRF: 17.18
Cornerstone Total Return Fund (AMEX:CRF) 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.
Cornerstone Total Return Fund Return-on-Tangible-Equity Related Terms
Cornerstone Total Return Fund 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.
Cornerstone Total Return Fund Return-on-Tangible-Equity Chart
CRF vs FRBP, EOS, PSEC: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Cornerstone Total Return Fund'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.
Cornerstone Total Return Fund Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Cornerstone Total Return Fund's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Cornerstone Total Return Fund'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 20.61% mean?
Cornerstone Total Return Fund (CRF) has a Return-on-Tangible-Equity of 20.61% 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 Cornerstone Total Return Fund and its competitors. This is 12% above median its historical median of 18.44. According to the industry distribution chart, Cornerstone Total Return Fund ranks #419 out of 1590 companies in the Asset Management industry, placing it in the top 26.4%.
Is Cornerstone Total Return Fund's Return-on-Tangible-Equity too high?
Cornerstone Total Return Fund's current Return-on-Tangible-Equity of 20.61% is 12% above median its 10-year median of 18.44. The Asset Management industry median Return-on-Tangible-Equity is 7.12. Cornerstone Total Return Fund's value of 20.61% is 189.5% above this industry median. Based on the distribution chart, Cornerstone Total Return Fund ranks #419 out of 1590 companies in the Asset Management industry, which is above the industry midpoint. Overall, Cornerstone Total Return Fund has a GF Score™ of 52/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cornerstone Total Return Fund's Return-on-Tangible-Equity compare to FRBP and EOS?
According to the Asset Management industry distribution chart, Cornerstone Total Return Fund ranks #419 out of 1590 companies for Return-on-Tangible-Equity. This puts Cornerstone Total Return Fund in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.12. Cornerstone Total Return Fund's value of 20.61% is 189.5% above this benchmark. While the company's 10-year median is 18.44 vs. the industry median of 7.12, Cornerstone Total Return Fund 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 Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.12, based on 1,590 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. Cornerstone Total Return Fund's current Return-on-Tangible-Equity of 20.61% is 189.5% 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 Cornerstone Total Return Fund and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cornerstone Total Return Fund's current Return-on-Tangible-Equity is 20.61%, which is 12% above median its own 10-year median of 18.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cornerstone Total Return Fund stock overvalued right now?
Based on GuruFocus' analysis, Cornerstone Total Return Fund (CRF) is currently considered Modestly Overvalued. The stock's GF Value™ is $5.88, compared to a current price of $7.28 — trading 23.8% above its estimated fair value. The current Return-on-Tangible-Equity is 20.61%, which is 12% above median its 10-year median of 18.44 and 189.5% above the Asset Management industry median of 7.12. Cornerstone Total Return Fund's overall GF Score™ is 52/100 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 Cornerstone Total Return Fund (CRF), the current Return-on-Tangible-Equity is 20.61% 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 Cornerstone Total Return Fund (CRF) Overvalued in 2026?
Based on GuruFocus' analysis, Cornerstone Total Return Fund stock appears to be overvalued.
The current stock price of $7.28 is trading 23.8% above its estimated GF Value™ of $5.88.
GuruFocus considers Cornerstone Total Return Fund to be Modestly Overvalued.
Key valuation signals for CRF:
Return-on-Tangible-Equity: 20.61% (12% above median its 10-year median of 18.44)
GF Value™: $5.88 vs. price of $7.28 (23.8% above fair value)
Industry Position: 189.5% above the Asset Management median (#419 of 1590)
No single metric tells the full story. See the CRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cornerstone Total Return Fund Business Description
Cornerstone Total Return Fund Inc is a diversified closed-end management company. Its objective is to seek capital appreciation with current income as a secondary objective. The company invests in sectors such as Information Technology, Health Care, Financials, Communication Services, Consumer Discretionary, Industrials, Exchange-Traded Funds, Utilities, Energy, Real Estate, and others.
52GF Score
Get the complete analysis for CRF
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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