Partners Group Holding AGSTU:P2H +1.92%73 Return-on-Tangible-Equity is 87.27% as of Dec. 2025, which is 102% above its 10-year median of 43.13. GuruFocus rates STU:P2H with a GF Score™ of 73/100 and a GF Value™ of €1,452.91 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,591 Asset Management companies, Partners Group Holding AG ranks better than 95.73% 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. Partners Group Holding AG's annualized net income for the quarter that ended in Dec. 2025 was €1,463 Mil. Partners Group Holding AG's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €1,676 Mil. Therefore, Partners Group Holding AG's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 87.27%.
The historical rank and industry rank for Partners Group Holding AG's Return-on-Tangible-Equity or its related term are showing as below:
STU:P2H'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 36.32 Med: 43.13 Max: 69.41
Current: 69.41
During the past 13 years, Partners Group Holding AG's highest Return-on-Tangible-Equity was 69.41%. The lowest was 36.32%. And the median was 43.13%.
STU:P2H's Return-on-Tangible-Equity is ranked better than 95.73% of 1591
companies
in the Asset Management industry
Industry Median: 7.21
vs STU:P2H: 69.41
Partners Group Holding AG (STU:P2H) 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.
Partners Group Holding AG Return-on-Tangible-Equity Related Terms
Partners Group Holding AG Return-on-Tangible-Equity Historical Data
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The historical data trend for Partners Group Holding AG'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.
Partners Group Holding AG Return-on-Tangible-Equity Chart
STU:P2H vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Partners Group Holding AG'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.
Partners Group Holding AG Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Partners Group Holding AG's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Partners Group Holding AG'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 (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 87.27% mean?
Partners Group Holding AG (STU:P2H) has a Return-on-Tangible-Equity of 87.27% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Partners Group Holding AG and its competitors. This is 102% above median its historical median of 43.13. Over the past decade, Partners Group Holding AG's Return-on-Tangible-Equity has ranged from 36.32 to 69.41. According to the industry distribution chart, Partners Group Holding AG ranks #68 out of 1591 companies in the Asset Management industry, placing it in the top 4.3%.
Is Partners Group Holding AG's Return-on-Tangible-Equity too high?
Partners Group Holding AG's current Return-on-Tangible-Equity of 87.27% is 102% above median its 10-year median of 43.13. Over the past 10 years, this metric has ranged from a low of 36.32 to a high of 69.41. The Asset Management industry median Return-on-Tangible-Equity is 7.21. Partners Group Holding AG's value of 87.27% is 1110.4% above this industry median. Based on the distribution chart, Partners Group Holding AG ranks #68 out of 1591 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Partners Group Holding AG has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Partners Group Holding AG's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Partners Group Holding AG ranks #68 out of 1591 companies for Return-on-Tangible-Equity. This places Partners Group Holding AG in the top 4% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.21. Partners Group Holding AG's value of 87.27% is 1110.4% above this benchmark. Historically, Partners Group Holding AG's own Return-on-Tangible-Equity has ranged from 36.32 to 69.41 over the past decade. While the company's 10-year median is 43.13 vs. the industry median of 7.21, Partners Group Holding AG 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 an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.21, based on 1,591 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. Partners Group Holding AG's current Return-on-Tangible-Equity of 87.27% is 1110.4% 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 Partners Group Holding AG 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. Partners Group Holding AG's current Return-on-Tangible-Equity is 87.27%, which is 102% above median its own 10-year median of 43.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Partners Group Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Partners Group Holding AG (STU:P2H) is currently considered Significantly Undervalued. The stock's GF Value™ is €1,452.91, compared to a current price of €743.60 — trading 48.8% below its estimated fair value. The current Return-on-Tangible-Equity is 87.27%, which is 102% above median its 10-year median of 43.13 and 1110.4% above the Asset Management industry median of 7.21. Partners Group Holding AG's overall GF Score™ is 73/100 with 4 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 Partners Group Holding AG (STU:P2H), the current Return-on-Tangible-Equity is 87.27% as of Dec. 2025. 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 Partners Group Holding AG (STU:P2H) Overvalued in 2026?
Based on GuruFocus' analysis, Partners Group Holding AG stock appears to be undervalued.
The current stock price of €743.60 is trading 48.8% below its estimated GF Value™ of €1,452.91.
GuruFocus considers Partners Group Holding AG to be Significantly Undervalued.
Key valuation signals for STU:P2H:
Return-on-Tangible-Equity: 87.27% (102% above median its 10-year median of 43.13)
GF Value™: €1,452.91 vs. price of €743.60 (48.8% below fair value)
Industry Position: 1110.4% above the Asset Management median (#68 of 1591)
No single metric tells the full story. See the STU:P2H stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Partners Group is a Swiss-based global alternative asset manager founded in 1996. It manages funds invested in private equity, private credit, real estate, and infrastructure. Most of Partners Group's assets are invested in Europe and the Americas, with a smaller exposure to Asia and the Middle East. Partners Group operates a differentiated business model, offering bespoke client solutions through diversified portfolios tailored to each client individually, semiliquid open-ended funds, alongside traditional closed-end funds.
73GF Score
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