Horizon Kinetics HoldingHKHC 58 Return-on-Tangible-Equity is 97.16% as of Mar. 2026. GuruFocus rates HKHC with a GF Score™ of 58/100 and a GF Value™ of $27.81 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,589 Asset Management companies, Horizon Kinetics Holding ranks better than 77.41% 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. Horizon Kinetics Holding's annualized net income for the quarter that ended in Mar. 2026 was $290.13 Mil. Horizon Kinetics Holding's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $298.60 Mil. Therefore, Horizon Kinetics Holding's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 97.16%.
The historical rank and industry rank for Horizon Kinetics Holding's Return-on-Tangible-Equity or its related term are showing as below:
HKHC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -251.13 Med: -1.31 Max: 45.61
Current: 19.3
During the past 13 years, Horizon Kinetics Holding's highest Return-on-Tangible-Equity was 45.61%. The lowest was -251.13%. And the median was -1.31%.
HKHC's Return-on-Tangible-Equity is ranked better than 77.41% of 1589
companies
in the Asset Management industry
Industry Median: 7.18
vs HKHC: 19.30
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.
Horizon Kinetics Holding Return-on-Tangible-Equity Related Terms
Horizon Kinetics Holding Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Horizon Kinetics Holding'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.
HKHC vs VINP, PDT, NCDL: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Horizon Kinetics Holding'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.
Horizon Kinetics Holding Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Horizon Kinetics Holding's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Horizon Kinetics Holding'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 97.16% mean?
Horizon Kinetics Holding (HKHC) has a Return-on-Tangible-Equity of 97.16% 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 Horizon Kinetics Holding and its competitors. According to the industry distribution chart, Horizon Kinetics Holding ranks #359 out of 1589 companies in the Asset Management industry, placing it in the top 22.6%.
Is Horizon Kinetics Holding's Return-on-Tangible-Equity too high?
Horizon Kinetics Holding's current Return-on-Tangible-Equity is 97.16%. The Asset Management industry median Return-on-Tangible-Equity is 7.18. Horizon Kinetics Holding's value of 97.16% is 1253.2% above this industry median. Based on the distribution chart, Horizon Kinetics Holding ranks #359 out of 1589 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Horizon Kinetics Holding has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Horizon Kinetics Holding's Return-on-Tangible-Equity compare to VINP and PDT?
According to the Asset Management industry distribution chart, Horizon Kinetics Holding ranks #359 out of 1589 companies for Return-on-Tangible-Equity. This places Horizon Kinetics Holding in the top 23% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.18. Horizon Kinetics Holding's value of 97.16% is 1253.2% above this benchmark. 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 7.18, 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. Horizon Kinetics Holding's current Return-on-Tangible-Equity of 97.16% is 1253.2% 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 Horizon Kinetics Holding and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horizon Kinetics Holding's current Return-on-Tangible-Equity is 97.16%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horizon Kinetics Holding stock overvalued right now?
Based on GuruFocus' analysis, Horizon Kinetics Holding (HKHC) is currently considered Fairly Valued. The stock's GF Value™ is $27.81, compared to a current price of $28.02 — trading 0.8% above its estimated fair value. The current Return-on-Tangible-Equity is 97.16% and 1253.2% above the Asset Management industry median of 7.18. Horizon Kinetics Holding's overall GF Score™ is 58/100 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 Horizon Kinetics Holding (HKHC), the current Return-on-Tangible-Equity is 97.16% 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 Horizon Kinetics Holding (HKHC) Overvalued in 2026?
Based on GuruFocus' analysis, Horizon Kinetics Holding stock appears to be overvalued.
The current stock price of $28.02 is trading 0.8% above its estimated GF Value™ of $27.81.
GuruFocus considers Horizon Kinetics Holding to be Fairly Valued.
Key valuation signals for HKHC:
Return-on-Tangible-Equity: 97.16%
GF Value™: $27.81 vs. price of $28.02 (0.8% above fair value)
Industry Position: 1253.2% above the Asset Management median (#359 of 1589)
No single metric tells the full story. See the HKHC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Horizon Kinetics Holding Corp offers investment advisory services. The company provides proprietary research and investment advisory services for alternative value-based investing strategies. The fees earned, which include both management and performance fees, depend upon several factors, including the investment strategies, size of account and servicing needs. Geographically, the company operates in United States.
58GF Score
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