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Sound Point Meridian CapitalSPMC -5.19%11 Return-on-Tangible-Equity is -87.10% as of Mar. 2026. GuruFocus rates SPMC with a GF Score™ of 11/100. Among 1,589 Asset Management companies, Sound Point Meridian Capital ranks worse than 95.28% 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. Sound Point Meridian Capital's annualized net income for the quarter that ended in Mar. 2026 was $-237.33 Mil. Sound Point Meridian Capital's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $272.46 Mil. Therefore, Sound Point Meridian Capital's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -87.10%.
The historical rank and industry rank for Sound Point Meridian Capital's Return-on-Tangible-Equity or its related term are showing as below:
SPMC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -51.22 Med: -14.8 Max: 21.62
Current: -46.33
During the past 2 years, Sound Point Meridian Capital's highest Return-on-Tangible-Equity was 21.62%. The lowest was -51.22%. And the median was -14.80%.
SPMC's Return-on-Tangible-Equity is ranked worse than 95.28% of 1589
companies
in the Asset Management industry
Industry Median: 7.21
vs SPMC: -46.33
Sound Point Meridian Capital (NYSE:SPMC) 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.
Sound Point Meridian Capital Return-on-Tangible-Equity Related Terms
Sound Point Meridian Capital 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.
Sound Point Meridian Capital Return-on-Tangible-Equity Chart
Sound Point Meridian Capital Annual Data
Trend
Dec23
Mar26
Return-on-Tangible-Equity
21.62
-51.22
Sound Point Meridian Capital Semi-Annual Data
Dec23
Sep25
Mar26
Return-on-Tangible-Equity
0.00
-4.72
-87.10
SPMC vs DMB, ETX, FT: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Sound Point Meridian Capital'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.
Sound Point Meridian Capital Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Sound Point Meridian Capital's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Sound Point Meridian Capital'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 (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 -87.10% mean?
Sound Point Meridian Capital (SPMC) has a Return-on-Tangible-Equity of -87.10% 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 Sound Point Meridian Capital and its competitors. According to the industry distribution chart, Sound Point Meridian Capital ranks #1514 out of 1589 companies in the Asset Management industry, placing it in the top 95.3%.
Is Sound Point Meridian Capital's Return-on-Tangible-Equity too high?
Sound Point Meridian Capital's current Return-on-Tangible-Equity is -87.10%. Based on the distribution chart, Sound Point Meridian Capital ranks #1514 out of 1589 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Sound Point Meridian Capital has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Sound Point Meridian Capital's Return-on-Tangible-Equity compare to DMB and ETX?
According to the Asset Management industry distribution chart, Sound Point Meridian Capital ranks #1514 out of 1589 companies for Return-on-Tangible-Equity. This places Sound Point Meridian Capital in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.21. 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 1,589 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. 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 Sound Point Meridian Capital 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. Sound Point Meridian Capital's current Return-on-Tangible-Equity is -87.10%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sound Point Meridian Capital stock overvalued right now?
Sound Point Meridian Capital (SPMC) has a current Return-on-Tangible-Equity of -87.10%. The current Return-on-Tangible-Equity is -87.10%. Sound Point Meridian Capital's overall GF Score™ is 11/100. 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 Sound Point Meridian Capital (SPMC), the current Return-on-Tangible-Equity is -87.10% 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.
Sound Point Meridian Capital Inc is a closed-end management investment company. The Company's primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation.
11GF Score
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