Alexander Forbes Group HoldingsJSE:AFH -4.17%68 Return-on-Tangible-Equity is 49.52% as of Mar. 2026, which is 108% above its 10-year median of 23.79. GuruFocus rates JSE:AFH with a GF Score™ of 68/100 and a GF Value™ of R8.64 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 483 Diversified Financial Services companies, Alexander Forbes Group Holdings ranks better than 96.89% on this metric.
The historical rank and industry rank for Alexander Forbes Group Holdings's Return-on-Tangible-Equity or its related term are showing as below:
JSE:AFH'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -5.09 Med: 23.79 Max: 73.12
Current: 47.25
During the past 13 years, Alexander Forbes Group Holdings's highest Return-on-Tangible-Equity was 73.12%. The lowest was -5.09%. And the median was 23.79%.
JSE:AFH's Return-on-Tangible-Equity is ranked better than 96.89% of 483
companies
in the Diversified Financial Services industry
Industry Median: 1.7
vs JSE:AFH: 47.25
Alexander Forbes Group Holdings (JSE:AFH) 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.
Alexander Forbes Group Holdings Return-on-Tangible-Equity Related Terms
Alexander Forbes Group Holdings Return-on-Tangible-Equity Historical Data
* 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.
Alexander Forbes Group Holdings Return-on-Tangible-Equity Chart
JSE:AFH vs VOYA, FRHC: Return-on-Tangible-Equity Comparison
For the Financial Conglomerates subindustry, Alexander Forbes Group Holdings'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.
Alexander Forbes Group Holdings Return-on-Tangible-Equity vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Alexander Forbes Group Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Alexander Forbes Group Holdings'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 49.52% mean?
Alexander Forbes Group Holdings (JSE:AFH) has a Return-on-Tangible-Equity of 49.52% 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 Alexander Forbes Group Holdings and its competitors. This is 108% above median its historical median of 23.79. According to the industry distribution chart, Alexander Forbes Group Holdings ranks #15 out of 483 companies in the Diversified Financial Services industry, placing it in the top 3.1%.
Is Alexander Forbes Group Holdings' Return-on-Tangible-Equity too high?
Alexander Forbes Group Holdings' current Return-on-Tangible-Equity of 49.52% is 108% above median its 10-year median of 23.79. The Diversified Financial Services industry median Return-on-Tangible-Equity is 1.70. Alexander Forbes Group Holdings' value of 49.52% is 2812.9% above this industry median. Based on the distribution chart, Alexander Forbes Group Holdings ranks #15 out of 483 companies in the Diversified Financial Services industry, which is in the top quartile — a strong position relative to peers. Overall, Alexander Forbes Group Holdings has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Alexander Forbes Group Holdings' Return-on-Tangible-Equity compare to VOYA and FRHC?
According to the Diversified Financial Services industry distribution chart, Alexander Forbes Group Holdings ranks #15 out of 483 companies for Return-on-Tangible-Equity. This places Alexander Forbes Group Holdings in the top 3% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 1.70. Alexander Forbes Group Holdings' value of 49.52% is 2812.9% above this benchmark. While the company's 10-year median is 23.79 vs. the industry median of 1.70, Alexander Forbes Group Holdings 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 Diversified Financial Services company?
The median Return-on-Tangible-Equity among Diversified Financial Services companies is 1.70, based on 483 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. Alexander Forbes Group Holdings's current Return-on-Tangible-Equity of 49.52% is 2812.9% 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 Alexander Forbes Group Holdings and its competitors. For the Diversified Financial Services industry, the median Return-on-Tangible-Equity is 1.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alexander Forbes Group Holdings's current Return-on-Tangible-Equity is 49.52%, which is 108% above median its own 10-year median of 23.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alexander Forbes Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Alexander Forbes Group Holdings (JSE:AFH) is currently considered Modestly Undervalued. The stock's GF Value™ is R8.64, compared to a current price of R7.35 — trading 14.9% below its estimated fair value. The current Return-on-Tangible-Equity is 49.52%, which is 108% above median its 10-year median of 23.79 and 2812.9% above the Diversified Financial Services industry median of 1.70. Alexander Forbes Group Holdings' overall GF Score™ is 68/100 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 Alexander Forbes Group Holdings (JSE:AFH), the current Return-on-Tangible-Equity is 49.52% 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 Alexander Forbes Group Holdings (JSE:AFH) Overvalued in 2026?
Based on GuruFocus' analysis, Alexander Forbes Group Holdings stock appears to be undervalued.
The current stock price of R7.35 is trading 14.9% below its estimated GF Value™ of R8.64.
GuruFocus considers Alexander Forbes Group Holdings to be Modestly Undervalued.
Key valuation signals for JSE:AFH:
Return-on-Tangible-Equity: 49.52% (108% above median its 10-year median of 23.79)
GF Value™: R8.64 vs. price of R7.35 (14.9% below fair value)
Industry Position: 2812.9% above the Diversified Financial Services median (#15 of 483)
No single metric tells the full story. See the JSE:AFH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alexander Forbes Group Holdings Business Description
Alexander Forbes Group Holdings Ltd is a South Africa-based diversified financial services company. The company operates through seven segments: Retirement consulting, Healthcare consulting, Investments, Individual consulting, Multinational consulting, Solutions & Enablement, and Client Services & Business Optimization. Its services include Retirement consulting, Investments, Healthcare, Preservation funds, and Others. The company also offers online services.
68GF Score
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