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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.
Oppenheimer HoldingsOPY -1.84%77 Return-on-Tangible-Equity is 13.86% as of Jun. 2026, which is 45% above its 10-year median of 9.54. GuruFocus rates OPY with a GF Score™ of 77/100 and a GF Value™ of $80.77 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 780 Capital Markets companies, Oppenheimer Holdings ranks better than 67.31% 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. Oppenheimer Holdings's annualized net income for the quarter that ended in Jun. 2026 was $109 Mil. Oppenheimer Holdings's average shareholder tangible equity for the quarter that ended in Jun. 2026 was $790 Mil. Therefore, Oppenheimer Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 13.86%.
The historical rank and industry rank for Oppenheimer Holdings's Return-on-Tangible-Equity or its related term are showing as below:
OPY'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -0.34 Med: 9.54 Max: 27.2
Current: 13.38
During the past 13 years, Oppenheimer Holdings's highest Return-on-Tangible-Equity was 27.20%. The lowest was -0.34%. And the median was 9.54%.
OPY's Return-on-Tangible-Equity is ranked better than 67.31% of 780
companies
in the Capital Markets industry
Industry Median: 6.63
vs OPY: 13.38
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.
Oppenheimer Holdings Return-on-Tangible-Equity Related Terms
Oppenheimer Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Oppenheimer Holdings'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.
OPY vs PWP, GOLD, PURR: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, Oppenheimer Holdings'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.
Oppenheimer Holdings Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Oppenheimer Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Oppenheimer Holdings'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 (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 13.86% mean?
Oppenheimer Holdings (OPY) has a Return-on-Tangible-Equity of 13.86% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Oppenheimer Holdings and its competitors. This is 45% above median its historical median of 9.54. According to the industry distribution chart, Oppenheimer Holdings ranks #255 out of 780 companies in the Capital Markets industry, placing it in the top 32.7%.
Is Oppenheimer Holdings' Return-on-Tangible-Equity too high?
Oppenheimer Holdings' current Return-on-Tangible-Equity of 13.86% is 45% above median its 10-year median of 9.54. The Capital Markets industry median Return-on-Tangible-Equity is 6.63. Oppenheimer Holdings' value of 13.86% is 109% above this industry median. Based on the distribution chart, Oppenheimer Holdings ranks #255 out of 780 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Oppenheimer Holdings has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Oppenheimer Holdings' Return-on-Tangible-Equity compare to PWP and GOLD?
According to the Capital Markets industry distribution chart, Oppenheimer Holdings ranks #255 out of 780 companies for Return-on-Tangible-Equity. This puts Oppenheimer Holdings in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.63. Oppenheimer Holdings' value of 13.86% is 109% above this benchmark. While the company's 10-year median is 9.54 vs. the industry median of 6.63, Oppenheimer Holdings 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 Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.63, based on 780 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. Oppenheimer Holdings's current Return-on-Tangible-Equity of 13.86% is 109% 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 Oppenheimer Holdings and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oppenheimer Holdings's current Return-on-Tangible-Equity is 13.86%, which is 45% above median its own 10-year median of 9.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oppenheimer Holdings stock overvalued right now?
Based on GuruFocus' analysis, Oppenheimer Holdings (OPY) is currently considered Significantly Overvalued. The stock's GF Value™ is $80.77, compared to a current price of $111.75 — trading 38.4% above its estimated fair value. The current Return-on-Tangible-Equity is 13.86%, which is 45% above median its 10-year median of 9.54 and 109% above the Capital Markets industry median of 6.63. Oppenheimer Holdings' overall GF Score™ is 77/100 with 7 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 Oppenheimer Holdings (OPY), the current Return-on-Tangible-Equity is 13.86% as of Jun. 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 Oppenheimer Holdings (OPY) Overvalued in 2026?
Based on GuruFocus' analysis, Oppenheimer Holdings stock appears to be overvalued.
The current stock price of $111.75 is trading 38.4% above its estimated GF Value™ of $80.77.
GuruFocus considers Oppenheimer Holdings to be Significantly Overvalued.
Key valuation signals for OPY:
Return-on-Tangible-Equity: 13.86% (45% above median its 10-year median of 9.54)
GF Value™: $80.77 vs. price of $111.75 (38.4% above fair value)
Industry Position: 109% above the Capital Markets median (#255 of 780)
No single metric tells the full story. See the OPY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oppenheimer Holdings Inc conducts activities in the securities industry. The company is involved in retail securities brokerage, investment banking (both corporate and public finance), institutional sales and trading, market-making, research, trust services, and investment advisory and asset management services. The company has two segments: Wealth Management, and Capital Markets. IT generates maximum revenue from Wealth Management Segment which includes commissions and fee income earned on assets under management (AUM), net interest earnings on client margin loans and cash balances, fees from money market funds, custodian fees and other activities. The company generates the majority of its revenue from the Americas, with the rest from Europe, the Middle East, and Asia.
77GF Score
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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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