BraitJSE:BAT 15 Return-on-Tangible-Equity is 13.67% as of Mar. 2026. GuruFocus rates JSE:BAT with a GF Score™ of 15/100. The stock has 5 warning signs investors should review. Among 1,589 Asset Management companies, Brait ranks better than 61.93% 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. Brait's annualized net income for the quarter that ended in Mar. 2026 was R1,710 Mil. Brait's average shareholder tangible equity for the quarter that ended in Mar. 2026 was R12,513 Mil. Therefore, Brait's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 13.67%.
The historical rank and industry rank for Brait's Return-on-Tangible-Equity or its related term are showing as below:
JSE:BAT'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -96 Med: -5.07 Max: 10.92
Current: 10.83
During the past 13 years, Brait's highest Return-on-Tangible-Equity was 10.92%. The lowest was -96.00%. And the median was -5.07%.
JSE:BAT's Return-on-Tangible-Equity is ranked better than 61.93% of 1589
companies
in the Asset Management industry
Industry Median: 7.21
vs JSE:BAT: 10.83
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.
Brait Return-on-Tangible-Equity Related Terms
Brait Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Brait'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.
JSE:BAT vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Brait'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.
Brait Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Brait's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Brait'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 13.67% mean?
Brait (JSE:BAT) has a Return-on-Tangible-Equity of 13.67% 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 Brait and its competitors. According to the industry distribution chart, Brait ranks #605 out of 1589 companies in the Asset Management industry, placing it in the top 38.1%.
Is Brait's Return-on-Tangible-Equity too high?
Brait's current Return-on-Tangible-Equity is 13.67%. The Asset Management industry median Return-on-Tangible-Equity is 7.21. Brait's value of 13.67% is 89.6% above this industry median. Based on the distribution chart, Brait ranks #605 out of 1589 companies in the Asset Management industry, which is above the industry midpoint. Overall, Brait has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Brait's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Brait ranks #605 out of 1589 companies for Return-on-Tangible-Equity. This puts Brait in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.21. Brait's value of 13.67% is 89.6% 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 7.21, 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. Brait's current Return-on-Tangible-Equity of 13.67% is 89.6% 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 Brait and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Brait's current Return-on-Tangible-Equity is 13.67%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Brait stock overvalued right now?
Brait (JSE:BAT) has a current Return-on-Tangible-Equity of 13.67%. The current Return-on-Tangible-Equity is 13.67% and 89.6% above the Asset Management industry median of 7.21. Brait's overall GF Score™ is 15/100 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 Brait (JSE:BAT), the current Return-on-Tangible-Equity is 13.67% 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.
Brait PLC is an investment holding company that previously transitioned from a private equity model. It makes investments in sizeable, unlisted businesses operating in the consumer sector. Its investment criteria include taking stakes in companies that make a material impact on Brait's earnings, have management, market position, product line, and a historical track record for profitable growth, all at a sensitive acquisition multiple. Brait measures performance by its net asset value's rolling compound annual growth rate over three years. Revenue is almost exclusively derived from gains on the group's investment portfolio.
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