US Global InvestorsGROW -1.97%63 Return-on-Tangible-Equity is 23.74% as of Mar. 2026, which is 2373% above its 10-year median of 0.96. GuruFocus rates GROW with a GF Score™ of 63/100 and a GF Value™ of $2.29 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,589 Asset Management companies, US Global Investors ranks worse than 50.91% 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. US Global Investors's annualized net income for the quarter that ended in Mar. 2026 was $10.71 Mil. US Global Investors's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $45.11 Mil. Therefore, US Global Investors's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 23.74%.
The historical rank and industry rank for US Global Investors's Return-on-Tangible-Equity or its related term are showing as below:
GROW'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -24.35 Med: 0.96 Max: 89.92
Current: 6.94
During the past 13 years, US Global Investors's highest Return-on-Tangible-Equity was 89.92%. The lowest was -24.35%. And the median was 0.96%.
GROW's Return-on-Tangible-Equity is ranked worse than 50.91% of 1589
companies
in the Asset Management industry
Industry Median: 7.21
vs GROW: 6.94
US Global Investors (NAS:GROW) 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.
US Global Investors Return-on-Tangible-Equity Related Terms
US Global Investors Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for US Global Investors'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.
US Global Investors Return-on-Tangible-Equity Chart
GROW vs GRF, FCO, MLCI: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, US Global Investors'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.
US Global Investors Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, US Global Investors's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where US Global Investors'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 23.74% mean?
US Global Investors (GROW) has a Return-on-Tangible-Equity of 23.74% 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 US Global Investors and its competitors. This is 2373% above median its historical median of 0.96. According to the industry distribution chart, US Global Investors ranks #809 out of 1589 companies in the Asset Management industry, placing it in the top 50.9%.
Is US Global Investors' Return-on-Tangible-Equity too high?
US Global Investors' current Return-on-Tangible-Equity of 23.74% is 2373% above median its 10-year median of 0.96. The Asset Management industry median Return-on-Tangible-Equity is 7.21. US Global Investors' value of 23.74% is 229.3% above this industry median. Based on the distribution chart, US Global Investors ranks #809 out of 1589 companies in the Asset Management industry, which is below the industry midpoint. Overall, US Global Investors has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does US Global Investors' Return-on-Tangible-Equity compare to GRF and FCO?
According to the Asset Management industry distribution chart, US Global Investors ranks #809 out of 1589 companies for Return-on-Tangible-Equity. This places US Global Investors in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.21. US Global Investors' value of 23.74% is 229.3% above this benchmark. While the company's 10-year median is 0.96 vs. the industry median of 7.21, US Global Investors 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 1,589 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. US Global Investors's current Return-on-Tangible-Equity of 23.74% is 229.3% 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 US Global Investors 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. US Global Investors's current Return-on-Tangible-Equity is 23.74%, which is 2373% above median its own 10-year median of 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is US Global Investors stock overvalued right now?
Based on GuruFocus' analysis, US Global Investors (GROW) is currently considered Modestly Overvalued. The stock's GF Value™ is $2.29, compared to a current price of $2.97 — trading 29.7% above its estimated fair value. The current Return-on-Tangible-Equity is 23.74%, which is 2373% above median its 10-year median of 0.96 and 229.3% above the Asset Management industry median of 7.21. US Global Investors' overall GF Score™ is 63/100 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 US Global Investors (GROW), the current Return-on-Tangible-Equity is 23.74% 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 US Global Investors (GROW) Overvalued in 2026?
Based on GuruFocus' analysis, US Global Investors stock appears to be overvalued.
The current stock price of $2.97 is trading 29.7% above its estimated GF Value™ of $2.29.
GuruFocus considers US Global Investors to be Modestly Overvalued.
Key valuation signals for GROW:
Return-on-Tangible-Equity: 23.74% (2373% above median its 10-year median of 0.96)
GF Value™: $2.29 vs. price of $2.97 (29.7% above fair value)
Industry Position: 229.3% above the Asset Management median (#809 of 1589)
No single metric tells the full story. See the GROW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
US Global Investors Inc is a registered investment advisory firm. The company manages the following business segments: Investment management services; through which the company offers, to U.S. Global Investors Funds (USGIF or the Funds) and exchange-traded fund (ETF) clients, a range of investment management products and services to meet the needs of individual and institutional investors; and Corporate Investments, through which the company invests for its own account in an effort to add growth and value to its cash position. It derives all its revenue from Investment management services.
63GF Score
Get the complete analysis for GROW
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
GROW has been successfully added to your 
