Underwood CapitalFRA:2P9 Return-on-Tangible-Equity is 32.25% as of Dec. 2025. The stock has 4 warning signs investors should review. Among 1,588 Asset Management companies, Underwood Capital ranks better than 69.96% 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. Underwood Capital's annualized net income for the quarter that ended in Dec. 2025 was €3.82 Mil. Underwood Capital's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €11.83 Mil. Therefore, Underwood Capital's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 32.25%.
The historical rank and industry rank for Underwood Capital's Return-on-Tangible-Equity or its related term are showing as below:
FRA:2P9'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -219.22 Med: -13.87 Max: 84.26
Current: 14.64
During the past 10 years, Underwood Capital's highest Return-on-Tangible-Equity was 84.26%. The lowest was -219.22%. And the median was -13.87%.
FRA:2P9's Return-on-Tangible-Equity is ranked better than 69.96% of 1588
companies
in the Asset Management industry
Industry Median: 7.19
vs FRA:2P9: 14.64
Underwood Capital (FRA:2P9) 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.
Underwood Capital Return-on-Tangible-Equity Related Terms
Underwood Capital Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Underwood Capital'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.
FRA:2P9 vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Underwood Capital'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.
Underwood Capital Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Underwood Capital's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Underwood Capital'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 32.25% mean?
Underwood Capital (FRA:2P9) has a Return-on-Tangible-Equity of 32.25% 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 Underwood Capital and its competitors. According to the industry distribution chart, Underwood Capital ranks #477 out of 1588 companies in the Asset Management industry, placing it in the top 30%.
Is Underwood Capital's Return-on-Tangible-Equity too high?
Underwood Capital's current Return-on-Tangible-Equity is 32.25%. The Asset Management industry median Return-on-Tangible-Equity is 7.19. Underwood Capital's value of 32.25% is 348.5% above this industry median. Based on the distribution chart, Underwood Capital ranks #477 out of 1588 companies in the Asset Management industry, which is above the industry midpoint.
How does Underwood Capital's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Underwood Capital ranks #477 out of 1588 companies for Return-on-Tangible-Equity. This puts Underwood Capital in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.19. Underwood Capital's value of 32.25% is 348.5% 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 an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.19, 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. Underwood Capital's current Return-on-Tangible-Equity of 32.25% is 348.5% 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 Underwood Capital and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Underwood Capital's current Return-on-Tangible-Equity is 32.25%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Underwood Capital stock overvalued right now?
Underwood Capital (FRA:2P9) has a current Return-on-Tangible-Equity of 32.25%. The current Return-on-Tangible-Equity is 32.25% and 348.5% above the Asset Management industry median of 7.19. 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 Underwood Capital (FRA:2P9), the current Return-on-Tangible-Equity is 32.25% 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.
Underwood Capital Ltd is a specialist investment company. The company focuses on producing capital growth for shareholders over the medium term from investments in listed and unlisted equities and debt securities.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:2P9 has been successfully added to your 