Janus Henderson GroupJHG 83 Return-on-Tangible-Equity is 36.14% as of Mar. 2026, which is 51% below its 10-year median of 74.29. GuruFocus rates JHG with a GF Score™ of 83/100 and a GF Value™ of $49.34 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,590 Asset Management companies, Janus Henderson Group ranks better than 96.98% 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. Janus Henderson Group's annualized net income for the quarter that ended in Mar. 2026 was $364 Mil. Janus Henderson Group's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $1,006 Mil. Therefore, Janus Henderson Group's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 36.14%.
The historical rank and industry rank for Janus Henderson Group's Return-on-Tangible-Equity or its related term are showing as below:
JHG'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 27.73 Med: 74.29 Max: 311.23
Current: 101.88
During the past 13 years, Janus Henderson Group's highest Return-on-Tangible-Equity was 311.23%. The lowest was 27.73%. And the median was 74.29%.
JHG's Return-on-Tangible-Equity is ranked better than 96.98% of 1590
companies
in the Asset Management industry
Industry Median: 7.12
vs JHG: 101.88
Janus Henderson Group (NYSE:JHG) 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.
Janus Henderson Group Return-on-Tangible-Equity Related Terms
Janus Henderson Group Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Janus Henderson Group'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.
Janus Henderson Group Return-on-Tangible-Equity Chart
JHG vs PDI, AMG, TPG: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Janus Henderson Group'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.
Janus Henderson Group Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Janus Henderson Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Janus Henderson Group'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 36.14% mean?
Janus Henderson Group (JHG) has a Return-on-Tangible-Equity of 36.14% 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 Janus Henderson Group and its competitors. This is 51% below median its historical median of 74.29. Over the past decade, Janus Henderson Group's Return-on-Tangible-Equity has ranged from 27.73 to 311.23. According to the industry distribution chart, Janus Henderson Group ranks #48 out of 1590 companies in the Asset Management industry, placing it in the top 3%.
Is Janus Henderson Group's Return-on-Tangible-Equity too high?
Janus Henderson Group's current Return-on-Tangible-Equity of 36.14% is 51% below median its 10-year median of 74.29. Over the past 10 years, this metric has ranged from a low of 27.73 to a high of 311.23. The Asset Management industry median Return-on-Tangible-Equity is 7.12. Janus Henderson Group's value of 36.14% is 407.6% above this industry median. Based on the distribution chart, Janus Henderson Group ranks #48 out of 1590 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Janus Henderson Group has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Janus Henderson Group's Return-on-Tangible-Equity compare to PDI and AMG?
According to the Asset Management industry distribution chart, Janus Henderson Group ranks #48 out of 1590 companies for Return-on-Tangible-Equity. This places Janus Henderson Group in the top 3% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.12. Janus Henderson Group's value of 36.14% is 407.6% above this benchmark. Historically, Janus Henderson Group's own Return-on-Tangible-Equity has ranged from 27.73 to 311.23 over the past decade. While the company's 10-year median is 74.29 vs. the industry median of 7.12, Janus Henderson Group 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 7.12, based on 1,590 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. Janus Henderson Group's current Return-on-Tangible-Equity of 36.14% is 407.6% 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 Janus Henderson Group and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Janus Henderson Group's current Return-on-Tangible-Equity is 36.14%, which is 51% below median its own 10-year median of 74.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Janus Henderson Group stock overvalued right now?
Based on GuruFocus' analysis, Janus Henderson Group (JHG) is currently considered Fairly Valued. The stock's GF Value™ is $49.34, compared to a current price of $51.95 — trading 5.3% above its estimated fair value. The current Return-on-Tangible-Equity is 36.14%, which is 51% below median its 10-year median of 74.29 and 407.6% above the Asset Management industry median of 7.12. Janus Henderson Group's overall GF Score™ is 83/100 with 5 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 Janus Henderson Group (JHG), the current Return-on-Tangible-Equity is 36.14% 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 Janus Henderson Group (JHG) Overvalued in 2026?
Based on GuruFocus' analysis, Janus Henderson Group stock appears to be overvalued.
The current stock price of $51.95 is trading 5.3% above its estimated GF Value™ of $49.34.
GuruFocus considers Janus Henderson Group to be Fairly Valued.
Key valuation signals for JHG:
Return-on-Tangible-Equity: 36.14% (51% below median its 10-year median of 74.29)
GF Value™: $49.34 vs. price of $51.95 (5.3% above fair value)
Industry Position: 407.6% above the Asset Management median (#48 of 1590)
No single metric tells the full story. See the JHG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Janus Henderson Group provides investment management services to retail intermediary (49% of managed assets), self-directed (20%) and institutional (31%) clients. At the end of 2025, active equities (52%), fixed-income (32%), balanced (12%) and alternative (4%) investment platforms constituted the company's $493.2 billion in assets under management. Janus Henderson sources most of its managed assets from clients in North America (65%), with customers from Europe, the Middle East, Africa, and Latin America (26%) and the Asia-Pacific region (9%) accounting for the remainder.
83GF Score
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