PSG Financial ServicesNAM:KFS +3.72%81 Return-on-Tangible-Equity is 44.83% as of Feb. 2026, which is 27% above its 10-year median of 35.25. GuruFocus rates NAM:KFS with a GF Score™ of 81/100 and a GF Value™ of R20.99 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,588 Asset Management companies, PSG Financial Services ranks better than 91.88% 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. PSG Financial Services's annualized net income for the quarter that ended in Feb. 2026 was R1,917 Mil. PSG Financial Services's average shareholder tangible equity for the quarter that ended in Feb. 2026 was R4,277 Mil. Therefore, PSG Financial Services's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2026 was 44.83%.
The historical rank and industry rank for PSG Financial Services's Return-on-Tangible-Equity or its related term are showing as below:
NAM:KFS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 30.93 Med: 35.25 Max: 49.38
Current: 42.19
During the past 13 years, PSG Financial Services's highest Return-on-Tangible-Equity was 49.38%. The lowest was 30.93%. And the median was 35.25%.
NAM:KFS's Return-on-Tangible-Equity is ranked better than 91.88% of 1588
companies
in the Asset Management industry
Industry Median: 7.165
vs NAM:KFS: 42.19
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.
PSG Financial Services Return-on-Tangible-Equity Related Terms
PSG Financial Services Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for PSG Financial Services'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.
NAM:KFS vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, PSG Financial Services'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.
PSG Financial Services Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, PSG Financial Services's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where PSG Financial Services'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 (Feb. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 44.83% mean?
PSG Financial Services (NAM:KFS) has a Return-on-Tangible-Equity of 44.83% as of Feb. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on PSG Financial Services and its competitors. This is 27% above median its historical median of 35.25. Over the past decade, PSG Financial Services' Return-on-Tangible-Equity has ranged from 30.93 to 49.38. According to the industry distribution chart, PSG Financial Services ranks #129 out of 1588 companies in the Asset Management industry, placing it in the top 8.1%.
Is PSG Financial Services' Return-on-Tangible-Equity too high?
PSG Financial Services' current Return-on-Tangible-Equity of 44.83% is 27% above median its 10-year median of 35.25. Over the past 10 years, this metric has ranged from a low of 30.93 to a high of 49.38. The Asset Management industry median Return-on-Tangible-Equity is 7.17. PSG Financial Services' value of 44.83% is 525.7% above this industry median. Based on the distribution chart, PSG Financial Services ranks #129 out of 1588 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, PSG Financial Services has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PSG Financial Services' Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, PSG Financial Services ranks #129 out of 1588 companies for Return-on-Tangible-Equity. This places PSG Financial Services in the top 8% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.17. PSG Financial Services' value of 44.83% is 525.7% above this benchmark. Historically, PSG Financial Services' own Return-on-Tangible-Equity has ranged from 30.93 to 49.38 over the past decade. While the company's 10-year median is 35.25 vs. the industry median of 7.17, PSG Financial Services 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 7.17, 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. PSG Financial Services's current Return-on-Tangible-Equity of 44.83% is 525.7% 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 PSG Financial Services and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PSG Financial Services's current Return-on-Tangible-Equity is 44.83%, which is 27% above median its own 10-year median of 35.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PSG Financial Services stock overvalued right now?
Based on GuruFocus' analysis, PSG Financial Services (NAM:KFS) is currently considered Significantly Overvalued. The stock's GF Value™ is R20.99, compared to a current price of R31.54 — trading 50.3% above its estimated fair value. The current Return-on-Tangible-Equity is 44.83%, which is 27% above median its 10-year median of 35.25 and 525.7% above the Asset Management industry median of 7.17. PSG Financial Services' overall GF Score™ is 81/100 with 6 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 PSG Financial Services (NAM:KFS), the current Return-on-Tangible-Equity is 44.83% as of Feb. 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 PSG Financial Services (NAM:KFS) Overvalued in 2026?
Based on GuruFocus' analysis, PSG Financial Services stock appears to be overvalued.
The current stock price of R31.54 is trading 50.3% above its estimated GF Value™ of R20.99.
GuruFocus considers PSG Financial Services to be Significantly Overvalued.
Key valuation signals for NAM:KFS:
Return-on-Tangible-Equity: 44.83% (27% above median its 10-year median of 35.25)
GF Value™: R20.99 vs. price of R31.54 (50.3% above fair value)
Industry Position: 525.7% above the Asset Management median (#129 of 1588)
No single metric tells the full story. See the NAM:KFS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PSG Financial Services Ltd is an independent financial services company. Business is executed through three operating divisions: PSG Wealth, PSG Asset Management, and PSG Insure. PSG Wealth provides the group with nearly half of its income, with PSG Insure outweighing PSG Asset Management. Through the Wealth unit, PSG delivers a comprehensive suite of products to individuals, families, and businesses. Some of the PSG Wealth offerings include investment products, stockbroking, estate and trust services, and many other related products. PSG is structured into three segments which are PSG Wealth, generating income from managed and platform assets; PSG Asset Management, deriving income from assets under management; PSG Insure, earning income from premiums and underwriting.
81GF Score
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