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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. Victory Capital Holdings's annualized net income for the quarter that ended in Mar. 2026 was €388 Mil. Victory Capital Holdings's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €-1,128 Mil. Therefore, Victory Capital Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was Negative Tangible Equity%.
The historical rank and industry rank for Victory Capital Holdings's Return-on-Tangible-Equity or its related term are showing as below:
STU:3PK'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0
Current: Negative Tangible Equity
STU:3PK's Return-on-Tangible-Equity is ranked better than 99.94% of 1589
companies
in the Asset Management industry
Industry Median: 7.21
vs STU:3PK: Negative Tangible Equity
Victory Capital Holdings (STU:3PK) 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.
Victory Capital Holdings Return-on-Tangible-Equity Related Terms
Victory Capital Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Victory Capital 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.
Victory Capital Holdings Return-on-Tangible-Equity Chart
STU:3PK vs OBDC, HASI, OTF: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Victory Capital 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.
Victory Capital Holdings Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Victory Capital Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Victory Capital 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 (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 Negative Tangible Equity% mean?
Victory Capital Holdings (STU:3PK) has a Return-on-Tangible-Equity of Negative Tangible Equity% 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 Victory Capital Holdings and its competitors. According to the industry distribution chart, Victory Capital Holdings ranks #1 out of 1589 companies in the Asset Management industry, placing it in the top 0.099999999999994%.
Is Victory Capital Holdings' Return-on-Tangible-Equity too high?
Victory Capital Holdings' current Return-on-Tangible-Equity is Negative Tangible Equity%. Based on the distribution chart, Victory Capital Holdings ranks #1 out of 1589 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Victory Capital Holdings has a GF Score™ of 95/100, reflecting its overall financial health beyond just this single metric.
How does Victory Capital Holdings' Return-on-Tangible-Equity compare to OBDC and HASI?
According to the Asset Management industry distribution chart, Victory Capital Holdings ranks #1 out of 1589 companies for Return-on-Tangible-Equity. This places Victory Capital Holdings in the top 0% of its industry — outperforming the majority of peers. 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 Victory Capital Holdings 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. Victory Capital Holdings's current Return-on-Tangible-Equity is Negative Tangible Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Victory Capital Holdings stock overvalued right now?
Victory Capital Holdings (STU:3PK) has a current Return-on-Tangible-Equity of Negative Tangible Equity%. The stock's GF Value™ is €80.23, compared to a current price of €84.00 — trading 4.7% above its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Victory Capital Holdings' overall GF Score™ is 95/100 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 Victory Capital Holdings (STU:3PK), the current Return-on-Tangible-Equity is Negative Tangible Equity% 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 Victory Capital Holdings (STU:3PK) Overvalued in 2026?
Based on GuruFocus' analysis, Victory Capital Holdings stock appears to be overvalued.
The current stock price of €84.00 is trading 4.7% above its estimated GF Value™ of €80.23.
No single metric tells the full story. See the STU:3PK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Victory Capital Holdings Inc is a diversified investment management firm. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms and individual investors. Its offerings include actively and passively managed mutual funds, rules-based and active exchange traded funds (ETFs), institutional separate accounts, variable insurance products (VIPs), alternative investments, private closed end funds, and a 529 Education Savings Plan. The company operates in one operating and reportable segment that provides investment management services and products to institutional, intermediary, retirement platforms and individual investors. The majority of the company's revenue consists of Investment management fees.
95GF Score
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