Argosy PropertyIGPYF 68 Return-on-Tangible-Equity is 9.68% as of Mar. 2026, which is 13% below its 10-year median of 11.17. GuruFocus rates IGPYF with a GF Score™ of 68/100 and a GF Value™ of $0.78. The stock has 9 warning signs investors should review. Among 935 REITs companies, Argosy Property ranks better than 70.05% 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. Argosy Property's annualized net income for the quarter that ended in Mar. 2026 was $77.99 Mil. Argosy Property's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $805.64 Mil. Therefore, Argosy Property's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 9.68%.
The historical rank and industry rank for Argosy Property's Return-on-Tangible-Equity or its related term are showing as below:
IGPYF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -5.76 Med: 11.17 Max: 20.51
Current: 9.45
During the past 13 years, Argosy Property's highest Return-on-Tangible-Equity was 20.51%. The lowest was -5.76%. And the median was 11.17%.
IGPYF's Return-on-Tangible-Equity is ranked better than 70.05% of 935
companies
in the REITs industry
Industry Median: 6.23
vs IGPYF: 9.45
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.
Argosy Property Return-on-Tangible-Equity Related Terms
Argosy Property Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Argosy Property'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.
IGPYF vs VICI, WPC, BNL: Return-on-Tangible-Equity Comparison
For the REIT - Diversified subindustry, Argosy Property'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.
Argosy Property Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Argosy Property's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Argosy Property'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 (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 9.68% mean?
Argosy Property (IGPYF) has a Return-on-Tangible-Equity of 9.68% 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 Argosy Property and its competitors. This is 13% below median its historical median of 11.17. According to the industry distribution chart, Argosy Property ranks #280 out of 935 companies in the REITs industry, placing it in the top 29.9%.
Is Argosy Property's Return-on-Tangible-Equity too high?
Argosy Property's current Return-on-Tangible-Equity of 9.68% is 13% below median its 10-year median of 11.17. The REITs industry median Return-on-Tangible-Equity is 6.23. Argosy Property's value of 9.68% is 55.4% above this industry median. Based on the distribution chart, Argosy Property ranks #280 out of 935 companies in the REITs industry, which is above the industry midpoint. Overall, Argosy Property has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does Argosy Property's Return-on-Tangible-Equity compare to VICI and WPC?
According to the REITs industry distribution chart, Argosy Property ranks #280 out of 935 companies for Return-on-Tangible-Equity. This puts Argosy Property in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.23. Argosy Property's value of 9.68% is 55.4% above this benchmark. While the company's 10-year median is 11.17 vs. the industry median of 6.23, Argosy Property 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 REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.23, based on 935 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. Argosy Property's current Return-on-Tangible-Equity of 9.68% is 55.4% 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 Argosy Property and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Argosy Property's current Return-on-Tangible-Equity is 9.68%, which is 13% below median its own 10-year median of 11.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Argosy Property stock overvalued right now?
Argosy Property (IGPYF) has a current Return-on-Tangible-Equity of 9.68%. The stock's GF Value™ is $0.78, compared to a current price of $0.75 — trading 3.8% below its estimated fair value. The current Return-on-Tangible-Equity is 9.68%, which is 13% below median its 10-year median of 11.17 and 55.4% above the REITs industry median of 6.23. Argosy Property's overall GF Score™ is 68/100 with 9 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 Argosy Property (IGPYF), the current Return-on-Tangible-Equity is 9.68% 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 Argosy Property (IGPYF) Overvalued in 2026?
Based on GuruFocus' analysis, Argosy Property stock appears to be undervalued.
The current stock price of $0.75 is trading 3.8% below its estimated GF Value™ of $0.78.
Key valuation signals for IGPYF:
Return-on-Tangible-Equity: 9.68% (13% below median its 10-year median of 11.17)
GF Value™: $0.78 vs. price of $0.75 (3.8% below fair value)
Industry Position: 55.4% above the REITs median (#280 of 935)
No single metric tells the full story. See the IGPYF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Argosy Property Ltd's business activity is to invest in and actively manage properties, including Industrial, Office, and Large Format Retail properties, predominantly in Auckland and New Zealand. The company's portfolio is centered on the Auckland and Wellington markets and is diversified by industrial, office, and large-format retail property segments. The company's industrial portfolio includes logistics warehouses, distribution centers, and other corporate or owner-operated businesses. Its office portfolio consists of house government departments and both local and international businesses. Its retail portfolio contains retail stores in large format, convenience centers, and entertainment venues.
68GF Score
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