Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Halyk Bank of Kazakhstan JSCLSE:HSBK 81 Return-on-Tangible-Equity is 26.54% as of Mar. 2026, which is 8% below its 10-year median of 28.99. GuruFocus rates LSE:HSBK with a GF Score™ of 81/100 and a GF Value™ of $26.48 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,526 Banks companies, Halyk Bank of Kazakhstan JSC ranks better than 96.33% 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. Halyk Bank of Kazakhstan JSC's annualized net income for the quarter that ended in Mar. 2026 was $1,958 Mil. Halyk Bank of Kazakhstan JSC's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $7,379 Mil. Therefore, Halyk Bank of Kazakhstan JSC's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 26.54%.
The historical rank and industry rank for Halyk Bank of Kazakhstan JSC's Return-on-Tangible-Equity or its related term are showing as below:
LSE:HSBK'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 22.51 Med: 28.99 Max: 33.42
Current: 30.02
During the past 13 years, Halyk Bank of Kazakhstan JSC's highest Return-on-Tangible-Equity was 33.42%. The lowest was 22.51%. And the median was 28.99%.
LSE:HSBK's Return-on-Tangible-Equity is ranked better than 96.33% of 1526
companies
in the Banks industry
Industry Median: 11.205
vs LSE:HSBK: 30.02
Halyk Bank of Kazakhstan JSC (LSE:HSBK) 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.
Halyk Bank of Kazakhstan JSC Return-on-Tangible-Equity Related Terms
Halyk Bank of Kazakhstan JSC 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.
Halyk Bank of Kazakhstan JSC Return-on-Tangible-Equity Chart
LSE:HSBK vs PNC, USB: Return-on-Tangible-Equity Comparison
For the Banks - Regional subindustry, Halyk Bank of Kazakhstan JSC'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.
Halyk Bank of Kazakhstan JSC Return-on-Tangible-Equity vs Banks Industry
For the Banks industry and Financial Services sector, Halyk Bank of Kazakhstan JSC's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Halyk Bank of Kazakhstan JSC'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 26.54% mean?
Halyk Bank of Kazakhstan JSC (LSE:HSBK) has a Return-on-Tangible-Equity of 26.54% 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 Halyk Bank of Kazakhstan JSC and its competitors. This is near median its historical median of 28.99. Over the past decade, Halyk Bank of Kazakhstan JSC's Return-on-Tangible-Equity has ranged from 22.51 to 33.42. According to the industry distribution chart, Halyk Bank of Kazakhstan JSC ranks #56 out of 1526 companies in the Banks industry, placing it in the top 3.7%.
Is Halyk Bank of Kazakhstan JSC's Return-on-Tangible-Equity too high?
Halyk Bank of Kazakhstan JSC's current Return-on-Tangible-Equity of 26.54% is near median its 10-year median of 28.99. Over the past 10 years, this metric has ranged from a low of 22.51 to a high of 33.42. The Banks industry median Return-on-Tangible-Equity is 11.21. Halyk Bank of Kazakhstan JSC's value of 26.54% is 136.9% above this industry median. Based on the distribution chart, Halyk Bank of Kazakhstan JSC ranks #56 out of 1526 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Halyk Bank of Kazakhstan JSC has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Halyk Bank of Kazakhstan JSC's Return-on-Tangible-Equity compare to PNC and USB?
According to the Banks industry distribution chart, Halyk Bank of Kazakhstan JSC ranks #56 out of 1526 companies for Return-on-Tangible-Equity. This places Halyk Bank of Kazakhstan JSC in the top 4% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 11.21. Halyk Bank of Kazakhstan JSC's value of 26.54% is 136.9% above this benchmark. Historically, Halyk Bank of Kazakhstan JSC's own Return-on-Tangible-Equity has ranged from 22.51 to 33.42 over the past decade. While the company's 10-year median is 28.99 vs. the industry median of 11.21, Halyk Bank of Kazakhstan JSC 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 Banks company?
The median Return-on-Tangible-Equity among Banks companies is 11.21, based on 1,526 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. Halyk Bank of Kazakhstan JSC's current Return-on-Tangible-Equity of 26.54% is 136.9% 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 Halyk Bank of Kazakhstan JSC and its competitors. For the Banks industry, the median Return-on-Tangible-Equity is 11.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Halyk Bank of Kazakhstan JSC's current Return-on-Tangible-Equity is 26.54%, which is near median its own 10-year median of 28.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Halyk Bank of Kazakhstan JSC stock overvalued right now?
Based on GuruFocus' analysis, Halyk Bank of Kazakhstan JSC (LSE:HSBK) is currently considered Modestly Overvalued. The stock's GF Value™ is $26.48, compared to a current price of $31.00 — trading 17.1% above its estimated fair value. The current Return-on-Tangible-Equity is 26.54%, which is near median its 10-year median of 28.99 and 136.9% above the Banks industry median of 11.21. Halyk Bank of Kazakhstan JSC'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 Halyk Bank of Kazakhstan JSC (LSE:HSBK), the current Return-on-Tangible-Equity is 26.54% 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 Halyk Bank of Kazakhstan JSC (LSE:HSBK) Overvalued in 2026?
Based on GuruFocus' analysis, Halyk Bank of Kazakhstan JSC stock appears to be overvalued.
The current stock price of $31.00 is trading 17.1% above its estimated GF Value™ of $26.48.
GuruFocus considers Halyk Bank of Kazakhstan JSC to be Modestly Overvalued.
Key valuation signals for LSE:HSBK:
Return-on-Tangible-Equity: 26.54% (near median its 10-year median of 28.99)
GF Value™: $26.48 vs. price of $31.00 (17.1% above fair value)
Industry Position: 136.9% above the Banks median (#56 of 1526)
No single metric tells the full story. See the LSE:HSBK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Halyk Bank of Kazakhstan JSC is engaged in retail, corporate, and SME banking services. It also provides insurance, cash collection, asset management, brokerage, telecommunication, and leasing services. The group has four main business segments: Corporate Banking, SME Banking, Retail Banking, and Investment Banking. The majority of revenue derives from the corporate banking segment, which includes banking services to corporate clients and financial institutions, including current accounts and correspondent accounts, deposits, custody, overdrafts, loans and other credit facilities, documentary operations, including guarantees and letters of credit, trade finance products, as well as cash services and foreign exchange transactions.
81GF Score
Get the complete analysis for LSE:HSBK
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LSE:HSBK has been successfully added to your 
