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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. Dividend Sweden AB's annualized net income for the quarter that ended in Mar. 2025 was kr8.40 Mil. Dividend Sweden AB's average shareholder tangible equity for the quarter that ended in Mar. 2025 was kr68.69 Mil. Therefore, Dividend Sweden AB's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2025 was 12.23%.
The historical rank and industry rank for Dividend Sweden AB's Return-on-Tangible-Equity or its related term are showing as below:
NGM:DIV B's Return-on-Tangible-Equity is not ranked *
in the Asset Management industry.
Industry Median: 7.21 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
Dividend Sweden AB (NGM:DIV B) 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.
Dividend Sweden AB Return-on-Tangible-Equity Related Terms
Dividend Sweden AB Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Dividend Sweden AB'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.
Dividend Sweden AB Return-on-Tangible-Equity Chart
NGM:DIV B vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Dividend Sweden AB'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.
Dividend Sweden AB Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Dividend Sweden AB's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Dividend Sweden AB'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. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 12.23% mean?
Dividend Sweden AB (NGM:DIV B) has a Return-on-Tangible-Equity of 12.23% as of Mar. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Dividend Sweden AB and its competitors.
Is Dividend Sweden AB's Return-on-Tangible-Equity too high?
Dividend Sweden AB's current Return-on-Tangible-Equity is 12.23%. The Asset Management industry median Return-on-Tangible-Equity is 7.21. Dividend Sweden AB's value of 12.23% is 69.6% above this industry median. Overall, Dividend Sweden AB has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does Dividend Sweden AB's Return-on-Tangible-Equity compare to BLK and BX?
Dividend Sweden AB's Return-on-Tangible-Equity of 12.23% can be compared against companies in the Asset Management industry. The industry median Return-on-Tangible-Equity is 7.21. Dividend Sweden AB's value of 12.23% is 69.6% 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 1,591 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. Dividend Sweden AB's current Return-on-Tangible-Equity of 12.23% is 69.6% 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 Dividend Sweden AB 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. Dividend Sweden AB's current Return-on-Tangible-Equity is 12.23%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dividend Sweden AB stock overvalued right now?
Dividend Sweden AB (NGM:DIV B) has a current Return-on-Tangible-Equity of 12.23%. The current Return-on-Tangible-Equity is 12.23% and 69.6% above the Asset Management industry median of 7.21. Dividend Sweden AB's overall GF Score™ is 40/100. 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 Dividend Sweden AB (NGM:DIV B), the current Return-on-Tangible-Equity is 12.23% as of Mar. 2025. 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.
Dividend Sweden AB offers financial advisory services. It invests in other smaller, listed companies and assists with services related to financing solutions, in order to thereby create both short-term and long-term high and stable returns for its shareholders via dividends.
40GF Score
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