North American Financial 15 SplitFNCSF +4.39%36 Return-on-Tangible-Equity is 87.76% as of Nov. 2025, which is 210% above its 10-year median of 28.35. GuruFocus rates FNCSF with a GF Score™ of 36/100. The stock has 7 warning signs investors should review. Among 1,588 Asset Management companies, North American Financial 15 Split ranks better than 92.82% on this metric.
The historical rank and industry rank for North American Financial 15 Split's Return-on-Tangible-Equity or its related term are showing as below:
FNCSF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -42.78 Med: 28.35 Max: 104.43
Current: 44.29
During the past 13 years, North American Financial 15 Split's highest Return-on-Tangible-Equity was 104.43%. The lowest was -42.78%. And the median was 28.35%.
FNCSF's Return-on-Tangible-Equity is ranked better than 92.82% of 1588
companies
in the Asset Management industry
Industry Median: 7.205
vs FNCSF: 44.29
North American Financial 15 Split (OTCPK:FNCSF) 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.
North American Financial 15 Split Return-on-Tangible-Equity Related Terms
North American Financial 15 Split 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.
North American Financial 15 Split Return-on-Tangible-Equity Chart
FNCSF vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, North American Financial 15 Split'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.
North American Financial 15 Split Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, North American Financial 15 Split's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where North American Financial 15 Split'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 (Nov. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 87.76% mean?
North American Financial 15 Split (FNCSF) has a Return-on-Tangible-Equity of 87.76% as of Nov. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on North American Financial 15 Split and its competitors. This is 210% above median its historical median of 28.35. According to the industry distribution chart, North American Financial 15 Split ranks #114 out of 1588 companies in the Asset Management industry, placing it in the top 7.2%.
Is North American Financial 15 Split's Return-on-Tangible-Equity too high?
North American Financial 15 Split's current Return-on-Tangible-Equity of 87.76% is 210% above median its 10-year median of 28.35. The Asset Management industry median Return-on-Tangible-Equity is 7.21. North American Financial 15 Split's value of 87.76% is 1118% above this industry median. Based on the distribution chart, North American Financial 15 Split ranks #114 out of 1588 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, North American Financial 15 Split has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does North American Financial 15 Split's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, North American Financial 15 Split ranks #114 out of 1588 companies for Return-on-Tangible-Equity. This places North American Financial 15 Split in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.21. North American Financial 15 Split's value of 87.76% is 1118% above this benchmark. While the company's 10-year median is 28.35 vs. the industry median of 7.21, North American Financial 15 Split 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 7.21, based on 1,588 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. North American Financial 15 Split's current Return-on-Tangible-Equity of 87.76% is 1118% 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 North American Financial 15 Split 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. North American Financial 15 Split's current Return-on-Tangible-Equity is 87.76%, which is 210% above median its own 10-year median of 28.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is North American Financial 15 Split stock overvalued right now?
North American Financial 15 Split (FNCSF) has a current Return-on-Tangible-Equity of 87.76%. The current Return-on-Tangible-Equity is 87.76%, which is 210% above median its 10-year median of 28.35 and 1118% above the Asset Management industry median of 7.21. North American Financial 15 Split's overall GF Score™ is 36/100 with 7 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 North American Financial 15 Split (FNCSF), the current Return-on-Tangible-Equity is 87.76% as of Nov. 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.
North American Financial 15 Split Business Description
North American Financial 15 Split Corp is a mutual fund corporation. It invests in an actively managed portfolio of common shares comprised of core large-capitalization Canadian and United States financial services companies. It also invests in equity securities of issuers. The company's investment objective is to provide holders of Preferred Shares with cumulative preferential monthly cash dividends and to provide holders of Class A shares with regular monthly cash distributions.
36GF Score
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