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Tsogo SunJSE:TSG +2.08%81 Return-on-Tangible-Equity is 91.78% as of Mar. 2026, which is 41% above its 10-year median of 65.20. GuruFocus rates JSE:TSG with a GF Score™ of 81/100 and a GF Value™ of R10.62 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 796 Travel & Leisure companies, Tsogo Sun ranks better than 87.31% 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. Tsogo Sun's annualized net income for the quarter that ended in Mar. 2026 was R1,240 Mil. Tsogo Sun's average shareholder tangible equity for the quarter that ended in Mar. 2026 was R1,351 Mil. Therefore, Tsogo Sun's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 91.78%.
The historical rank and industry rank for Tsogo Sun's Return-on-Tangible-Equity or its related term are showing as below:
JSE:TSG'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 21.69 Med: 65.2 Max: 237.18
Current: 110.72
During the past 13 years, Tsogo Sun's highest Return-on-Tangible-Equity was 237.18%. The lowest was 21.69%. And the median was 65.20%.
JSE:TSG's Return-on-Tangible-Equity is ranked better than 87.31% of 796
companies
in the Travel & Leisure industry
Industry Median: 7.615
vs JSE:TSG: 110.72
Tsogo Sun (JSE:TSG) 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.
Tsogo Sun Return-on-Tangible-Equity Related Terms
Tsogo Sun Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Tsogo Sun'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:TSG vs LVS, MGM, WYNN: Return-on-Tangible-Equity Comparison
For the Resorts & Casinos subindustry, Tsogo Sun'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.
Tsogo Sun Return-on-Tangible-Equity vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Tsogo Sun's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Tsogo Sun'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 91.78% mean?
Tsogo Sun (JSE:TSG) has a Return-on-Tangible-Equity of 91.78% 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 Tsogo Sun and its competitors. This is 41% above median its historical median of 65.20. Over the past decade, Tsogo Sun's Return-on-Tangible-Equity has ranged from 21.69 to 237.18. According to the industry distribution chart, Tsogo Sun ranks #101 out of 796 companies in the Travel & Leisure industry, placing it in the top 12.7%.
Is Tsogo Sun's Return-on-Tangible-Equity too high?
Tsogo Sun's current Return-on-Tangible-Equity of 91.78% is 41% above median its 10-year median of 65.20. Over the past 10 years, this metric has ranged from a low of 21.69 to a high of 237.18. The Travel & Leisure industry median Return-on-Tangible-Equity is 7.62. Tsogo Sun's value of 91.78% is 1105.3% above this industry median. Based on the distribution chart, Tsogo Sun ranks #101 out of 796 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Tsogo Sun has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tsogo Sun's Return-on-Tangible-Equity compare to LVS and MGM?
According to the Travel & Leisure industry distribution chart, Tsogo Sun ranks #101 out of 796 companies for Return-on-Tangible-Equity. This places Tsogo Sun in the top 13% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.62. Tsogo Sun's value of 91.78% is 1105.3% above this benchmark. Historically, Tsogo Sun's own Return-on-Tangible-Equity has ranged from 21.69 to 237.18 over the past decade. While the company's 10-year median is 65.20 vs. the industry median of 7.62, Tsogo Sun 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 Travel & Leisure company?
The median Return-on-Tangible-Equity among Travel & Leisure companies is 7.62, based on 796 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. Tsogo Sun's current Return-on-Tangible-Equity of 91.78% is 1105.3% 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 Tsogo Sun and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Equity is 7.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tsogo Sun's current Return-on-Tangible-Equity is 91.78%, which is 41% above median its own 10-year median of 65.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tsogo Sun stock overvalued right now?
Based on GuruFocus' analysis, Tsogo Sun (JSE:TSG) is currently considered Modestly Undervalued. The stock's GF Value™ is R10.62, compared to a current price of R7.85 — trading 26.1% below its estimated fair value. The current Return-on-Tangible-Equity is 91.78%, which is 41% above median its 10-year median of 65.20 and 1105.3% above the Travel & Leisure industry median of 7.62. Tsogo Sun's overall GF Score™ is 81/100 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 Tsogo Sun (JSE:TSG), the current Return-on-Tangible-Equity is 91.78% 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 Tsogo Sun (JSE:TSG) Overvalued in 2026?
Based on GuruFocus' analysis, Tsogo Sun stock appears to be undervalued.
The current stock price of R7.85 is trading 26.1% below its estimated GF Value™ of R10.62.
GuruFocus considers Tsogo Sun to be Modestly Undervalued.
Key valuation signals for JSE:TSG:
Return-on-Tangible-Equity: 91.78% (41% above median its 10-year median of 65.20)
GF Value™: R10.62 vs. price of R7.85 (26.1% below fair value)
Industry Position: 1105.3% above the Travel & Leisure median (#101 of 796)
No single metric tells the full story. See the JSE:TSG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tsogo Sun Ltd is engaged principally in the gaming, entertainment, and hospitality industry operating in South Africa. It owns and operates casino and entertainment destinations in South Africa, hotels, Galaxy Bingo sites, VSlots limited payout machines, playTSOGO, Bet.co.za, a Theme Park, theatres, cinemas, restaurants, bars, and conference facilities. The company's operating segments are; Casinos, LPMs, Other gaming and betting, and Corporate. Maximum revenue for the company is derived from its Casinos segment.
81GF Score
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