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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. Endurance Acquisition's annualized net income for the quarter that ended in Jun. 2022 was $5.33 Mil. Endurance Acquisition's average shareholder tangible equity for the quarter that ended in Jun. 2022 was $186.47 Mil. Therefore, Endurance Acquisition's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2022 was 2.86%.
The historical rank and industry rank for Endurance Acquisition's Return-on-Tangible-Equity or its related term are showing as below:
EDNCW'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 2.33
Current: 2.33
During the past 1 years, Endurance Acquisition's highest Return-on-Tangible-Equity was 2.33%. The lowest was 0.00%. And the median was 0.00%.
EDNCW's Return-on-Tangible-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 1.805
vs EDNCW: 2.33
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.
Endurance Acquisition Return-on-Tangible-Equity Related Terms
Endurance Acquisition Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Endurance Acquisition'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.
EDNCW vs OPA, ORIA, PRLH: Return-on-Tangible-Equity Comparison
For the Shell Companies subindustry, Endurance Acquisition'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.
Endurance Acquisition Return-on-Tangible-Equity vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Endurance Acquisition's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Endurance Acquisition'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. 2022) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 2.86% mean?
Endurance Acquisition (EDNCW) has a Return-on-Tangible-Equity of 2.86% as of Jun. 2022. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Endurance Acquisition and its competitors.
Is Endurance Acquisition's Return-on-Tangible-Equity too high?
Endurance Acquisition's current Return-on-Tangible-Equity is 2.86%. The Diversified Financial Services industry median Return-on-Tangible-Equity is 1.81. Endurance Acquisition's value of 2.86% is 58.4% above this industry median. Overall, Endurance Acquisition has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Endurance Acquisition's Return-on-Tangible-Equity compare to OPA and ORIA?
Endurance Acquisition's Return-on-Tangible-Equity of 2.86% can be compared against companies in the Diversified Financial Services industry. The industry median Return-on-Tangible-Equity is 1.81. Endurance Acquisition's value of 2.86% is 58.4% above this benchmark. 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 a Diversified Financial Services company?
The median Return-on-Tangible-Equity among Diversified Financial Services companies is 1.81, based on 458 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. Endurance Acquisition's current Return-on-Tangible-Equity of 2.86% is 58.4% 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 Endurance Acquisition and its competitors. For the Diversified Financial Services industry, the median Return-on-Tangible-Equity is 1.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Endurance Acquisition's current Return-on-Tangible-Equity is 2.86%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Endurance Acquisition stock overvalued right now?
Endurance Acquisition (EDNCW) has a current Return-on-Tangible-Equity of 2.86%. The current Return-on-Tangible-Equity is 2.86% and 58.4% above the Diversified Financial Services industry median of 1.81. Endurance Acquisition's overall GF Score™ is 19/100. 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 Endurance Acquisition (EDNCW), the current Return-on-Tangible-Equity is 2.86% as of Jun. 2022. 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.
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