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. SBI Global Asset Management Co's annualized net income for the quarter that ended in Mar. 2026 was €28.6 Mil. SBI Global Asset Management Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €158.4 Mil. Therefore, SBI Global Asset Management Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 18.08%.
The historical rank and industry rank for SBI Global Asset Management Co's Return-on-Tangible-Equity or its related term are showing as below:
FRA:MJP'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 11.67 Med: 14.87 Max: 48.25
Current: 14.75
During the past 13 years, SBI Global Asset Management Co's highest Return-on-Tangible-Equity was 48.25%. The lowest was 11.67%. And the median was 14.87%.
FRA:MJP's Return-on-Tangible-Equity is ranked better than 70.02% of 1591
companies
in the Asset Management industry
Industry Median: 7.21
vs FRA:MJP: 14.75
SBI Global Asset Management Co (FRA:MJP) 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.
SBI Global Asset Management Co Return-on-Tangible-Equity Related Terms
SBI Global Asset Management Co 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.
SBI Global Asset Management Co Return-on-Tangible-Equity Chart
FRA:MJP vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, SBI Global Asset Management Co'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.
SBI Global Asset Management Co Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, SBI Global Asset Management Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where SBI Global Asset Management Co'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 18.08% mean?
SBI Global Asset Management Co (FRA:MJP) has a Return-on-Tangible-Equity of 18.08% 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 SBI Global Asset Management Co and its competitors. This is 22% above median its historical median of 14.87. Over the past decade, SBI Global Asset Management Co's Return-on-Tangible-Equity has ranged from 11.67 to 48.25. According to the industry distribution chart, SBI Global Asset Management Co ranks #477 out of 1591 companies in the Asset Management industry, placing it in the top 30%.
Is SBI Global Asset Management Co's Return-on-Tangible-Equity too high?
SBI Global Asset Management Co's current Return-on-Tangible-Equity of 18.08% is 22% above median its 10-year median of 14.87. Over the past 10 years, this metric has ranged from a low of 11.67 to a high of 48.25. The Asset Management industry median Return-on-Tangible-Equity is 7.21. SBI Global Asset Management Co's value of 18.08% is 150.8% above this industry median. Based on the distribution chart, SBI Global Asset Management Co ranks #477 out of 1591 companies in the Asset Management industry, which is above the industry midpoint. Overall, SBI Global Asset Management Co has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does SBI Global Asset Management Co's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, SBI Global Asset Management Co ranks #477 out of 1591 companies for Return-on-Tangible-Equity. This puts SBI Global Asset Management Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.21. SBI Global Asset Management Co's value of 18.08% is 150.8% above this benchmark. Historically, SBI Global Asset Management Co's own Return-on-Tangible-Equity has ranged from 11.67 to 48.25 over the past decade. While the company's 10-year median is 14.87 vs. the industry median of 7.21, SBI Global Asset Management Co 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 1,591 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. SBI Global Asset Management Co's current Return-on-Tangible-Equity of 18.08% is 150.8% 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 SBI Global Asset Management Co 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. SBI Global Asset Management Co's current Return-on-Tangible-Equity is 18.08%, which is 22% above median its own 10-year median of 14.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SBI Global Asset Management Co stock overvalued right now?
SBI Global Asset Management Co (FRA:MJP) has a current Return-on-Tangible-Equity of 18.08%. The stock's GF Value™ is €7.53, compared to a current price of €3.08 — trading 59.1% below its estimated fair value. The current Return-on-Tangible-Equity is 18.08%, which is 22% above median its 10-year median of 14.87 and 150.8% above the Asset Management industry median of 7.21. SBI Global Asset Management Co's overall GF Score™ is 82/100 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 SBI Global Asset Management Co (FRA:MJP), the current Return-on-Tangible-Equity is 18.08% 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 SBI Global Asset Management Co (FRA:MJP) Overvalued in 2026?
Based on GuruFocus' analysis, SBI Global Asset Management Co stock appears to be undervalued.
The current stock price of €3.08 is trading 59.1% below its estimated GF Value™ of €7.53.
Key valuation signals for FRA:MJP:
Return-on-Tangible-Equity: 18.08% (22% above median its 10-year median of 14.87)
GF Value™: €7.53 vs. price of €3.08 (59.1% below fair value)
Industry Position: 150.8% above the Asset Management median (#477 of 1591)
No single metric tells the full story. See the FRA:MJP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SBI Global Asset Management Co Business Description
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