CapMan OyjFRA:AP6 +0.59%82 Return-on-Tangible-Equity is 9.68% as of Mar. 2026, which is 20% below its 10-year median of 12.14. GuruFocus rates FRA:AP6 with a GF Score™ of 82/100 and a GF Value™ of €2.15 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,588 Asset Management companies, CapMan Oyj ranks better than 56.11% 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. CapMan Oyj's annualized net income for the quarter that ended in Mar. 2026 was €13.24 Mil. CapMan Oyj's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €136.77 Mil. Therefore, CapMan Oyj's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 9.68%.
The historical rank and industry rank for CapMan Oyj's Return-on-Tangible-Equity or its related term are showing as below:
FRA:AP6'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.13 Med: 12.14 Max: 52.43
Current: 8.8
During the past 13 years, CapMan Oyj's highest Return-on-Tangible-Equity was 52.43%. The lowest was 1.13%. And the median was 12.14%.
FRA:AP6's Return-on-Tangible-Equity is ranked better than 56.11% of 1588
companies
in the Asset Management industry
Industry Median: 7.205
vs FRA:AP6: 8.80
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.
CapMan Oyj Return-on-Tangible-Equity Related Terms
CapMan Oyj Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for CapMan Oyj'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:AP6 vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, CapMan Oyj'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.
CapMan Oyj Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, CapMan Oyj's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where CapMan Oyj'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 (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 9.68% mean?
CapMan Oyj (FRA:AP6) has a Return-on-Tangible-Equity of 9.68% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on CapMan Oyj and its competitors. This is 20% below median its historical median of 12.14. Over the past decade, CapMan Oyj's Return-on-Tangible-Equity has ranged from 1.13 to 52.43. According to the industry distribution chart, CapMan Oyj ranks #697 out of 1588 companies in the Asset Management industry, placing it in the top 43.9%.
Is CapMan Oyj's Return-on-Tangible-Equity too high?
CapMan Oyj's current Return-on-Tangible-Equity of 9.68% is 20% below median its 10-year median of 12.14. Over the past 10 years, this metric has ranged from a low of 1.13 to a high of 52.43. The Asset Management industry median Return-on-Tangible-Equity is 7.21. CapMan Oyj's value of 9.68% is 34.4% above this industry median. Based on the distribution chart, CapMan Oyj ranks #697 out of 1588 companies in the Asset Management industry, which is above the industry midpoint. Overall, CapMan Oyj has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CapMan Oyj's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, CapMan Oyj ranks #697 out of 1588 companies for Return-on-Tangible-Equity. This puts CapMan Oyj in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.21. CapMan Oyj's value of 9.68% is 34.4% above this benchmark. Historically, CapMan Oyj's own Return-on-Tangible-Equity has ranged from 1.13 to 52.43 over the past decade. While the company's 10-year median is 12.14 vs. the industry median of 7.21, CapMan Oyj 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. CapMan Oyj's current Return-on-Tangible-Equity of 9.68% is 34.4% 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 CapMan Oyj 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. CapMan Oyj's current Return-on-Tangible-Equity is 9.68%, which is 20% below median its own 10-year median of 12.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CapMan Oyj stock overvalued right now?
Based on GuruFocus' analysis, CapMan Oyj (FRA:AP6) is currently considered Modestly Undervalued. The stock's GF Value™ is €2.15, compared to a current price of €1.71 — trading 20.5% below its estimated fair value. The current Return-on-Tangible-Equity is 9.68%, which is 20% below median its 10-year median of 12.14 and 34.4% above the Asset Management industry median of 7.21. CapMan Oyj's overall GF Score™ is 82/100 with 6 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 CapMan Oyj (FRA:AP6), the current Return-on-Tangible-Equity is 9.68% as of Mar. 2026. 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 CapMan Oyj (FRA:AP6) Overvalued in 2026?
Based on GuruFocus' analysis, CapMan Oyj stock appears to be undervalued.
The current stock price of €1.71 is trading 20.5% below its estimated GF Value™ of €2.15.
GuruFocus considers CapMan Oyj to be Modestly Undervalued.
Key valuation signals for FRA:AP6:
Return-on-Tangible-Equity: 9.68% (20% below median its 10-year median of 12.14)
GF Value™: €2.15 vs. price of €1.71 (20.5% below fair value)
Industry Position: 34.4% above the Asset Management median (#697 of 1588)
No single metric tells the full story. See the FRA:AP6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CapMan Oyj iis a private asset management firm operating in the Nordic region. It manages investments across real estate, infrastructure, natural capital, and unlisted companies, and invests in properties and other assets with potential for redevelopment, repurposing, or long-term value creation. The majority of the company's revenue is derived from management fees, which are variable consideration and are typically based on the fund's original size during its investment period.
82GF Score
Get the complete analysis for FRA:AP6
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