StepStone GroupSTEP -3.40%50 Return-on-Tangible-Equity is 0.00% as of Mar. 2026. GuruFocus rates STEP with a GF Score™ of 50/100 and a GF Value™ of $90.75 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,588 Asset Management companies, StepStone Group ranks worse than 62972.23% 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. StepStone Group's annualized net income for the quarter that ended in Mar. 2026 was $-31 Mil. StepStone Group's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $-1,205 Mil. Therefore, StepStone Group's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was N/A%.
The historical rank and industry rank for StepStone Group's Return-on-Tangible-Equity or its related term are showing as below:
During the past 9 years, StepStone Group's highest Return-on-Tangible-Equity was 509.67%. The lowest was 0.00%. And the median was 269.15%.
STEP's Return-on-Tangible-Equity is not ranked *
in the Asset Management industry.
Industry Median: 7.165 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
StepStone Group (NAS:STEP) 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.
StepStone Group Return-on-Tangible-Equity Related Terms
StepStone Group Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for StepStone 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.
STEP vs DNP, UTG, HLNE: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, StepStone 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.
StepStone Group Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, StepStone Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where StepStone 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 0.00% mean?
StepStone Group (STEP) has a Return-on-Tangible-Equity of 0.00% 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 StepStone Group and its competitors. According to the industry distribution chart, StepStone Group ranks #999999 out of 1588 companies in the Asset Management industry.
Is StepStone Group's Return-on-Tangible-Equity too high?
StepStone Group's current Return-on-Tangible-Equity is 0.00%. Based on the distribution chart, StepStone Group ranks #999999 out of 1588 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, StepStone Group has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does StepStone Group's Return-on-Tangible-Equity compare to DNP and UTG?
According to the Asset Management industry distribution chart, StepStone Group ranks #999999 out of 1588 companies for Return-on-Tangible-Equity. This places StepStone Group in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.17. 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. 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 StepStone Group 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. StepStone Group's current Return-on-Tangible-Equity is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is StepStone Group stock overvalued right now?
Based on GuruFocus' analysis, StepStone Group (STEP) is currently considered Possible Value Trap. The stock's GF Value™ is $90.75, compared to a current price of $39.54 — trading 56.4% below its estimated fair value. The current Return-on-Tangible-Equity is 0.00%. StepStone Group's overall GF Score™ is 50/100 with 3 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 StepStone Group (STEP), the current Return-on-Tangible-Equity is 0.00% 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 StepStone Group (STEP) Overvalued in 2026?
Based on GuruFocus' analysis, StepStone Group stock appears to be undervalued.
The current stock price of $39.54 is trading 56.4% below its estimated GF Value™ of $90.75.
GuruFocus considers StepStone Group to be Possible Value Trap.
Key valuation signals for STEP:
Return-on-Tangible-Equity: 0.00%
GF Value™: $90.75 vs. price of $39.54 (56.4% below fair value)
No single metric tells the full story. See the STEP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
StepStone Group Inc operates as a fully integrated private markets solution provider. The company provides customized investment solutions and advisory and data services. It provides investment solutions in the areas of private equity, real estate, private debt, and infrastructure and real assets. The company consists of a single operating segment and a single reportable segment for accounting and financial reporting purposes.
50GF Score
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