StoneX GroupSNEX -14.45%78 Return-on-Tangible-Equity is 37.46% as of Mar. 2026, which is 112% above its 10-year median of 17.67. GuruFocus rates SNEX with a GF Score™ of 78/100 and a GF Value™ of $67.23 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 783 Capital Markets companies, StoneX Group ranks better than 80.84% 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. StoneX Group's annualized net income for the quarter that ended in Mar. 2026 was $697 Mil. StoneX Group's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $1,861 Mil. Therefore, StoneX Group's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 37.46%.
The historical rank and industry rank for StoneX Group's Return-on-Tangible-Equity or its related term are showing as below:
SNEX'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.67 Med: 17.67 Max: 28.64
Current: 25.56
During the past 13 years, StoneX Group's highest Return-on-Tangible-Equity was 28.64%. The lowest was 1.67%. And the median was 17.67%.
SNEX's Return-on-Tangible-Equity is ranked better than 80.84% of 783
companies
in the Capital Markets industry
Industry Median: 6.52
vs SNEX: 25.56
StoneX Group (NAS:SNEX) 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.
StoneX Group Return-on-Tangible-Equity Related Terms
StoneX Group Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for StoneX Group'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.
SNEX vs RIOT, SF, JEF: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, StoneX Group'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.
StoneX Group Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, StoneX Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where StoneX Group'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 37.46% mean?
StoneX Group (SNEX) has a Return-on-Tangible-Equity of 37.46% 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 StoneX Group and its competitors. This is 112% above median its historical median of 17.67. Over the past decade, StoneX Group's Return-on-Tangible-Equity has ranged from 1.67 to 28.64. According to the industry distribution chart, StoneX Group ranks #150 out of 783 companies in the Capital Markets industry, placing it in the top 19.2%.
Is StoneX Group's Return-on-Tangible-Equity too high?
StoneX Group's current Return-on-Tangible-Equity of 37.46% is 112% above median its 10-year median of 17.67. Over the past 10 years, this metric has ranged from a low of 1.67 to a high of 28.64. The Capital Markets industry median Return-on-Tangible-Equity is 6.52. StoneX Group's value of 37.46% is 474.5% above this industry median. Based on the distribution chart, StoneX Group ranks #150 out of 783 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, StoneX Group has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does StoneX Group's Return-on-Tangible-Equity compare to RIOT and SF?
According to the Capital Markets industry distribution chart, StoneX Group ranks #150 out of 783 companies for Return-on-Tangible-Equity. This places StoneX Group in the top 19% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.52. StoneX Group's value of 37.46% is 474.5% above this benchmark. Historically, StoneX Group's own Return-on-Tangible-Equity has ranged from 1.67 to 28.64 over the past decade. While the company's 10-year median is 17.67 vs. the industry median of 6.52, StoneX Group 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 6.52, based on 783 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. StoneX Group's current Return-on-Tangible-Equity of 37.46% is 474.5% 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 StoneX Group and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. StoneX Group's current Return-on-Tangible-Equity is 37.46%, which is 112% above median its own 10-year median of 17.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is StoneX Group stock overvalued right now?
Based on GuruFocus' analysis, StoneX Group (SNEX) is currently considered Significantly Overvalued. The stock's GF Value™ is $67.23, compared to a current price of $115.85 — trading 72.3% above its estimated fair value. The current Return-on-Tangible-Equity is 37.46%, which is 112% above median its 10-year median of 17.67 and 474.5% above the Capital Markets industry median of 6.52. StoneX Group's overall GF Score™ is 78/100 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 StoneX Group (SNEX), the current Return-on-Tangible-Equity is 37.46% 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 StoneX Group (SNEX) Overvalued in 2026?
Based on GuruFocus' analysis, StoneX Group stock appears to be overvalued.
The current stock price of $115.85 is trading 72.3% above its estimated GF Value™ of $67.23.
GuruFocus considers StoneX Group to be Significantly Overvalued.
Key valuation signals for SNEX:
Return-on-Tangible-Equity: 37.46% (112% above median its 10-year median of 17.67)
GF Value™: $67.23 vs. price of $115.85 (72.3% above fair value)
Industry Position: 474.5% above the Capital Markets median (#150 of 783)
No single metric tells the full story. See the SNEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
StoneX Group Inc is a brokerage and financial services firm. Its service offerings are execution, OTC / Market-Making, advisory services, payment solutions, market intelligence, Physical Trading and clearing services. The firm operates in four segments: Commercial, Institutional, Self-Directed/Retail, and Payments. Its customers include governmental and nongovernmental organizations, commercial banks, brokers, institutional investors, and investment banks. The company operates in the United States, South America, Europe, the Middle East and Asia, and other countries, out of which the majority of revenue is generated from the Middle East and Asia Region.
78GF Score
Get the complete analysis for SNEX
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
SNEX has been successfully added to your 
