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Antin Infrastructure PartnersFRA:8ZU +1.57%94 Return-on-Tangible-Equity is 22.87% as of Dec. 2025, which is 5% below its 10-year median of 24.20. GuruFocus rates FRA:8ZU with a GF Score™ of 94/100 and a GF Value™ of €12.48 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,589 Asset Management companies, Antin Infrastructure Partners ranks better than 78.35% 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. Antin Infrastructure Partners's annualized net income for the quarter that ended in Dec. 2025 was €110.0 Mil. Antin Infrastructure Partners's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €480.9 Mil. Therefore, Antin Infrastructure Partners's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 22.87%.
The historical rank and industry rank for Antin Infrastructure Partners's Return-on-Tangible-Equity or its related term are showing as below:
FRA:8ZU'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -3.65 Med: 24.2 Max: 264.6
Current: 21.95
During the past 9 years, Antin Infrastructure Partners's highest Return-on-Tangible-Equity was 264.60%. The lowest was -3.65%. And the median was 24.20%.
FRA:8ZU's Return-on-Tangible-Equity is ranked better than 78.35% of 1589
companies
in the Asset Management industry
Industry Median: 7.45
vs FRA:8ZU: 21.95
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.
Antin Infrastructure Partners Return-on-Tangible-Equity Related Terms
Antin Infrastructure Partners 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.
FRA:8ZU vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Antin Infrastructure Partners'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.
Antin Infrastructure Partners Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Antin Infrastructure Partners's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Antin Infrastructure Partners'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 22.87% mean?
Antin Infrastructure Partners (FRA:8ZU) has a Return-on-Tangible-Equity of 22.87% 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 Antin Infrastructure Partners and its competitors. This is near median its historical median of 24.20. According to the industry distribution chart, Antin Infrastructure Partners ranks #344 out of 1589 companies in the Asset Management industry, placing it in the top 21.6%.
Is Antin Infrastructure Partners' Return-on-Tangible-Equity too high?
Antin Infrastructure Partners' current Return-on-Tangible-Equity of 22.87% is near median its 10-year median of 24.20. The Asset Management industry median Return-on-Tangible-Equity is 7.45. Antin Infrastructure Partners' value of 22.87% is 207% above this industry median. Based on the distribution chart, Antin Infrastructure Partners ranks #344 out of 1589 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Antin Infrastructure Partners has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Antin Infrastructure Partners' Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Antin Infrastructure Partners ranks #344 out of 1589 companies for Return-on-Tangible-Equity. This places Antin Infrastructure Partners in the top 22% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.45. Antin Infrastructure Partners' value of 22.87% is 207% above this benchmark. While the company's 10-year median is 24.20 vs. the industry median of 7.45, Antin Infrastructure Partners 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 7.45, based on 1,589 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. Antin Infrastructure Partners's current Return-on-Tangible-Equity of 22.87% is 207% 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 Antin Infrastructure Partners and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Antin Infrastructure Partners's current Return-on-Tangible-Equity is 22.87%, which is near median its own 10-year median of 24.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Antin Infrastructure Partners stock overvalued right now?
Based on GuruFocus' analysis, Antin Infrastructure Partners (FRA:8ZU) is currently considered Modestly Undervalued. The stock's GF Value™ is €12.48, compared to a current price of €9.03 — trading 27.6% below its estimated fair value. The current Return-on-Tangible-Equity is 22.87%, which is near median its 10-year median of 24.20 and 207% above the Asset Management industry median of 7.45. Antin Infrastructure Partners' overall GF Score™ is 94/100 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 Antin Infrastructure Partners (FRA:8ZU), the current Return-on-Tangible-Equity is 22.87% 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 Antin Infrastructure Partners (FRA:8ZU) Overvalued in 2026?
Based on GuruFocus' analysis, Antin Infrastructure Partners stock appears to be undervalued.
The current stock price of €9.03 is trading 27.6% below its estimated GF Value™ of €12.48.
GuruFocus considers Antin Infrastructure Partners to be Modestly Undervalued.
Key valuation signals for FRA:8ZU:
Return-on-Tangible-Equity: 22.87% (near median its 10-year median of 24.20)
GF Value™: €12.48 vs. price of €9.03 (27.6% below fair value)
Industry Position: 207% above the Asset Management median (#344 of 1589)
No single metric tells the full story. See the FRA:8ZU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Antin Infrastructure Partners is an independent private equity firm focused on infrastructure investments. It manages multiple funds that invest in infrastructure projects in Europe and North America, targeting sectors such as energy and environment, digital, transportation, and social infrastructure, with the objective of generating risk-adjusted returns for investors. The majority of the company's revenue is derived from the Management fees. Geographically, it generates the maximum revenue from France.
94GF Score
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