Golden State BancorpGSBX +0.39%63 Return-on-Tangible-Equity is 12.20% as of Mar. 2026, which is 56% above its 10-year median of 7.82. GuruFocus rates GSBX with a GF Score™ of 63/100 and a GF Value™ of $31.55 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,523 Banks companies, Golden State Bancorp ranks better than 58.83% 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. Golden State Bancorp's annualized net income for the quarter that ended in Mar. 2026 was $10.10 Mil. Golden State Bancorp's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $82.77 Mil. Therefore, Golden State Bancorp's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 12.20%.
The historical rank and industry rank for Golden State Bancorp's Return-on-Tangible-Equity or its related term are showing as below:
GSBX'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -6.39 Med: 7.82 Max: 16.63
Current: 12.73
During the past 11 years, Golden State Bancorp's highest Return-on-Tangible-Equity was 16.63%. The lowest was -6.39%. And the median was 7.82%.
GSBX's Return-on-Tangible-Equity is ranked better than 58.83% of 1523
companies
in the Banks industry
Industry Median: 11.2
vs GSBX: 12.73
Golden State Bancorp (OTCPK:GSBX) 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.
Golden State Bancorp Return-on-Tangible-Equity Related Terms
Golden State Bancorp Return-on-Tangible-Equity Historical Data
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The historical data trend for Golden State Bancorp'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.
Golden State Bancorp Return-on-Tangible-Equity Chart
GSBX vs PROV, RVSB, OXBC: Return-on-Tangible-Equity Comparison
For the Banks - Regional subindustry, Golden State Bancorp'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.
Golden State Bancorp Return-on-Tangible-Equity vs Banks Industry
For the Banks industry and Financial Services sector, Golden State Bancorp's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Golden State Bancorp'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 12.20% mean?
Golden State Bancorp (GSBX) has a Return-on-Tangible-Equity of 12.20% 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 Golden State Bancorp and its competitors. This is 56% above median its historical median of 7.82. According to the industry distribution chart, Golden State Bancorp ranks #627 out of 1523 companies in the Banks industry, placing it in the top 41.2%.
Is Golden State Bancorp's Return-on-Tangible-Equity too high?
Golden State Bancorp's current Return-on-Tangible-Equity of 12.20% is 56% above median its 10-year median of 7.82. The Banks industry median Return-on-Tangible-Equity is 11.20. Golden State Bancorp's value of 12.20% is 8.9% above this industry median. Based on the distribution chart, Golden State Bancorp ranks #627 out of 1523 companies in the Banks industry, which is above the industry midpoint. Overall, Golden State Bancorp has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Golden State Bancorp's Return-on-Tangible-Equity compare to PROV and RVSB?
According to the Banks industry distribution chart, Golden State Bancorp ranks #627 out of 1523 companies for Return-on-Tangible-Equity. This puts Golden State Bancorp in the upper half of its industry. The industry median Return-on-Tangible-Equity is 11.20. Golden State Bancorp's value of 12.20% is 8.9% above this benchmark. While the company's 10-year median is 7.82 vs. the industry median of 11.20, Golden State Bancorp 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 a Banks company?
The median Return-on-Tangible-Equity among Banks companies is 11.20, based on 1,523 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. Golden State Bancorp's current Return-on-Tangible-Equity of 12.20% is 8.9% 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 Golden State Bancorp and its competitors. For the Banks industry, the median Return-on-Tangible-Equity is 11.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Golden State Bancorp's current Return-on-Tangible-Equity is 12.20%, which is 56% above median its own 10-year median of 7.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Golden State Bancorp stock overvalued right now?
Based on GuruFocus' analysis, Golden State Bancorp (GSBX) is currently considered Modestly Overvalued. The stock's GF Value™ is $31.55, compared to a current price of $38.40 — trading 21.7% above its estimated fair value. The current Return-on-Tangible-Equity is 12.20%, which is 56% above median its 10-year median of 7.82 and 8.9% above the Banks industry median of 11.20. Golden State Bancorp's overall GF Score™ is 63/100 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 Golden State Bancorp (GSBX), the current Return-on-Tangible-Equity is 12.20% 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 Golden State Bancorp (GSBX) Overvalued in 2026?
Based on GuruFocus' analysis, Golden State Bancorp stock appears to be overvalued.
The current stock price of $38.40 is trading 21.7% above its estimated GF Value™ of $31.55.
GuruFocus considers Golden State Bancorp to be Modestly Overvalued.
Key valuation signals for GSBX:
Return-on-Tangible-Equity: 12.20% (56% above median its 10-year median of 7.82)
GF Value™: $31.55 vs. price of $38.40 (21.7% above fair value)
Industry Position: 8.9% above the Banks median (#627 of 1523)
No single metric tells the full story. See the GSBX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Golden State Bancorp is a bank holding company. Through the Golden State Bank, it functions as a full-service bank, serving the business, commercial, and professional markets. The bank offers various financial products and services such as different types of loans and advances, deposit accounts, cash management services, and international banking services among others.
63GF Score
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