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PEH Wertpapier AGFRA:PEH +1.31%73 Return-on-Tangible-Equity is 23.55% as of Dec. 2025, which is 32% above its 10-year median of 17.89. GuruFocus rates FRA:PEH with a GF Score™ of 73/100 and a GF Value™ of €57.60 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,591 Asset Management companies, PEH Wertpapier AG ranks better than 80.64% 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. PEH Wertpapier AG's annualized net income for the quarter that ended in Dec. 2025 was €5.8 Mil. PEH Wertpapier AG's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €24.7 Mil. Therefore, PEH Wertpapier AG's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 23.55%.
The historical rank and industry rank for PEH Wertpapier AG's Return-on-Tangible-Equity or its related term are showing as below:
FRA:PEH'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -14.49 Med: 17.89 Max: 72.11
Current: 22.7
During the past 13 years, PEH Wertpapier AG's highest Return-on-Tangible-Equity was 72.11%. The lowest was -14.49%. And the median was 17.89%.
FRA:PEH's Return-on-Tangible-Equity is ranked better than 80.64% of 1591
companies
in the Asset Management industry
Industry Median: 7.21
vs FRA:PEH: 22.70
PEH Wertpapier AG (FRA:PEH) 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.
PEH Wertpapier AG Return-on-Tangible-Equity Related Terms
PEH Wertpapier AG Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for PEH Wertpapier AG'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:PEH vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, PEH Wertpapier AG'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.
PEH Wertpapier AG Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, PEH Wertpapier AG's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where PEH Wertpapier AG'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 23.55% mean?
PEH Wertpapier AG (FRA:PEH) has a Return-on-Tangible-Equity of 23.55% 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 PEH Wertpapier AG and its competitors. This is 32% above median its historical median of 17.89. According to the industry distribution chart, PEH Wertpapier AG ranks #308 out of 1591 companies in the Asset Management industry, placing it in the top 19.4%.
Is PEH Wertpapier AG's Return-on-Tangible-Equity too high?
PEH Wertpapier AG's current Return-on-Tangible-Equity of 23.55% is 32% above median its 10-year median of 17.89. The Asset Management industry median Return-on-Tangible-Equity is 7.21. PEH Wertpapier AG's value of 23.55% is 226.6% above this industry median. Based on the distribution chart, PEH Wertpapier AG ranks #308 out of 1591 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, PEH Wertpapier AG has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PEH Wertpapier AG's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, PEH Wertpapier AG ranks #308 out of 1591 companies for Return-on-Tangible-Equity. This places PEH Wertpapier AG in the top 19% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.21. PEH Wertpapier AG's value of 23.55% is 226.6% above this benchmark. While the company's 10-year median is 17.89 vs. the industry median of 7.21, PEH Wertpapier AG 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. PEH Wertpapier AG's current Return-on-Tangible-Equity of 23.55% is 226.6% 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 PEH Wertpapier AG 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. PEH Wertpapier AG's current Return-on-Tangible-Equity is 23.55%, which is 32% above median its own 10-year median of 17.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PEH Wertpapier AG stock overvalued right now?
Based on GuruFocus' analysis, PEH Wertpapier AG (FRA:PEH) is currently considered Significantly Undervalued. The stock's GF Value™ is €57.60, compared to a current price of €31.00 — trading 46.2% below its estimated fair value. The current Return-on-Tangible-Equity is 23.55%, which is 32% above median its 10-year median of 17.89 and 226.6% above the Asset Management industry median of 7.21. PEH Wertpapier AG's overall GF Score™ is 73/100 with 3 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 PEH Wertpapier AG (FRA:PEH), the current Return-on-Tangible-Equity is 23.55% 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 PEH Wertpapier AG (FRA:PEH) Overvalued in 2026?
Based on GuruFocus' analysis, PEH Wertpapier AG stock appears to be undervalued.
The current stock price of €31.00 is trading 46.2% below its estimated GF Value™ of €57.60.
GuruFocus considers PEH Wertpapier AG to be Significantly Undervalued.
Key valuation signals for FRA:PEH:
Return-on-Tangible-Equity: 23.55% (32% above median its 10-year median of 17.89)
GF Value™: €57.60 vs. price of €31.00 (46.2% below fair value)
Industry Position: 226.6% above the Asset Management median (#308 of 1591)
No single metric tells the full story. See the FRA:PEH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PEH Wertpapier AG is an independent financial service provider in German-speaking countries. It offers asset management for private clients as well as special products and investment solutions for institutional investors. The various services offered by the company include asset management, wealth planning, general consultation, and foundation management. Additionally, it also operates various investment funds to cater to the demands of long-term investors who want to benefit from the growth opportunities of equity markets. The group is divided into three segments: PEH Asset Management, PEH Administration/Service segment, which generates maximum revenue, and PEH Sales. Geographically, it derives maximum revenue from Luxembourg, and the rest from Germany.
73GF Score
Get the complete analysis for FRA:PEH
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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