Chicago Atlantic BDCLIEN -0.40%55 Return-on-Tangible-Equity is 11.24% as of Mar. 2026, which is 65% above its 10-year median of 6.81. GuruFocus rates LIEN with a GF Score™ of 55/100 and a GF Value™ of $14.15 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,588 Asset Management companies, Chicago Atlantic BDC ranks better than 63.6% 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. Chicago Atlantic BDC's annualized net income for the quarter that ended in Mar. 2026 was $34.14 Mil. Chicago Atlantic BDC's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $303.80 Mil. Therefore, Chicago Atlantic BDC's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 11.24%.
The historical rank and industry rank for Chicago Atlantic BDC's Return-on-Tangible-Equity or its related term are showing as below:
LIEN'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1.33 Med: 6.81 Max: 11.3
Current: 11.3
During the past 5 years, Chicago Atlantic BDC's highest Return-on-Tangible-Equity was 11.30%. The lowest was -1.33%. And the median was 6.81%.
LIEN's Return-on-Tangible-Equity is ranked better than 63.6% of 1588
companies
in the Asset Management industry
Industry Median: 7.19
vs LIEN: 11.30
Chicago Atlantic BDC (NAS:LIEN) 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.
Chicago Atlantic BDC Return-on-Tangible-Equity Related Terms
Chicago Atlantic BDC Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Chicago Atlantic BDC'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.
Chicago Atlantic BDC Return-on-Tangible-Equity Chart
LIEN vs SABA, SRV, MFM: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Chicago Atlantic BDC'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.
Chicago Atlantic BDC Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Chicago Atlantic BDC's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Chicago Atlantic BDC'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 11.24% mean?
Chicago Atlantic BDC (LIEN) has a Return-on-Tangible-Equity of 11.24% 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 Chicago Atlantic BDC and its competitors. This is 65% above median its historical median of 6.81. According to the industry distribution chart, Chicago Atlantic BDC ranks #578 out of 1588 companies in the Asset Management industry, placing it in the top 36.4%.
Is Chicago Atlantic BDC's Return-on-Tangible-Equity too high?
Chicago Atlantic BDC's current Return-on-Tangible-Equity of 11.24% is 65% above median its 10-year median of 6.81. The Asset Management industry median Return-on-Tangible-Equity is 7.19. Chicago Atlantic BDC's value of 11.24% is 56.3% above this industry median. Based on the distribution chart, Chicago Atlantic BDC ranks #578 out of 1588 companies in the Asset Management industry, which is above the industry midpoint. Overall, Chicago Atlantic BDC has a GF Score™ of 55/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chicago Atlantic BDC's Return-on-Tangible-Equity compare to SABA and SRV?
According to the Asset Management industry distribution chart, Chicago Atlantic BDC ranks #578 out of 1588 companies for Return-on-Tangible-Equity. This puts Chicago Atlantic BDC in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.19. Chicago Atlantic BDC's value of 11.24% is 56.3% above this benchmark. While the company's 10-year median is 6.81 vs. the industry median of 7.19, Chicago Atlantic BDC 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 7.19, based on 1,588 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. Chicago Atlantic BDC's current Return-on-Tangible-Equity of 11.24% is 56.3% 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 Chicago Atlantic BDC and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chicago Atlantic BDC's current Return-on-Tangible-Equity is 11.24%, which is 65% above median its own 10-year median of 6.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chicago Atlantic BDC stock overvalued right now?
Based on GuruFocus' analysis, Chicago Atlantic BDC (LIEN) is currently considered Modestly Undervalued. The stock's GF Value™ is $14.15, compared to a current price of $9.98 — trading 29.5% below its estimated fair value. The current Return-on-Tangible-Equity is 11.24%, which is 65% above median its 10-year median of 6.81 and 56.3% above the Asset Management industry median of 7.19. Chicago Atlantic BDC's overall GF Score™ is 55/100 with 3 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 Chicago Atlantic BDC (LIEN), the current Return-on-Tangible-Equity is 11.24% 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 Chicago Atlantic BDC (LIEN) Overvalued in 2026?
Based on GuruFocus' analysis, Chicago Atlantic BDC stock appears to be undervalued.
The current stock price of $9.98 is trading 29.5% below its estimated GF Value™ of $14.15.
GuruFocus considers Chicago Atlantic BDC to be Modestly Undervalued.
Key valuation signals for LIEN:
Return-on-Tangible-Equity: 11.24% (65% above median its 10-year median of 6.81)
GF Value™: $14.15 vs. price of $9.98 (29.5% below fair value)
Industry Position: 56.3% above the Asset Management median (#578 of 1588)
No single metric tells the full story. See the LIEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chicago Atlantic BDC Inc is a specialty finance company. The company is an externally managed, closed-end, non-diversified management investment company with an investment objective to maximize risk-adjusted returns on equity for its stockholders by investing in direct loans to privately held middle-market companies, with a focus on cannabis companies.
55GF Score
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