Dividend Growth SplitTSX:DGS -1.15%58 Return-on-Tangible-Equity is 36.46% as of Dec. 2025, which is 10% above its 10-year median of 33.13. GuruFocus rates TSX:DGS with a GF Score™ of 58/100 and a GF Value™ of C$10.41 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,588 Asset Management companies, Dividend Growth Split ranks better than 91.12% 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. Dividend Growth Split's annualized net income for the quarter that ended in Dec. 2025 was C$142.1 Mil. Dividend Growth Split's average shareholder tangible equity for the quarter that ended in Dec. 2025 was C$389.8 Mil. Therefore, Dividend Growth Split's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 36.46%.
The historical rank and industry rank for Dividend Growth Split's Return-on-Tangible-Equity or its related term are showing as below:
TSX:DGS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -40.18 Med: 33.13 Max: 72.32
Current: 40.22
During the past 13 years, Dividend Growth Split's highest Return-on-Tangible-Equity was 72.32%. The lowest was -40.18%. And the median was 33.13%.
TSX:DGS's Return-on-Tangible-Equity is ranked better than 91.12% of 1588
companies
in the Asset Management industry
Industry Median: 7.19
vs TSX:DGS: 40.22
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.
Dividend Growth Split Return-on-Tangible-Equity Related Terms
Dividend Growth Split Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Dividend Growth Split'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.
TSX:DGS vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Dividend Growth Split'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.
Dividend Growth Split Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Dividend Growth Split's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Dividend Growth Split'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 36.46% mean?
Dividend Growth Split (TSX:DGS) has a Return-on-Tangible-Equity of 36.46% 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 Dividend Growth Split and its competitors. This is 10% above median its historical median of 33.13. According to the industry distribution chart, Dividend Growth Split ranks #141 out of 1588 companies in the Asset Management industry, placing it in the top 8.9%.
Is Dividend Growth Split's Return-on-Tangible-Equity too high?
Dividend Growth Split's current Return-on-Tangible-Equity of 36.46% is 10% above median its 10-year median of 33.13. The Asset Management industry median Return-on-Tangible-Equity is 7.19. Dividend Growth Split's value of 36.46% is 407.1% above this industry median. Based on the distribution chart, Dividend Growth Split ranks #141 out of 1588 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Dividend Growth Split has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dividend Growth Split's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Dividend Growth Split ranks #141 out of 1588 companies for Return-on-Tangible-Equity. This places Dividend Growth Split in the top 9% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.19. Dividend Growth Split's value of 36.46% is 407.1% above this benchmark. While the company's 10-year median is 33.13 vs. the industry median of 7.19, Dividend Growth Split 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 7.19, 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. Dividend Growth Split's current Return-on-Tangible-Equity of 36.46% is 407.1% 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 Dividend Growth Split and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dividend Growth Split's current Return-on-Tangible-Equity is 36.46%, which is 10% above median its own 10-year median of 33.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dividend Growth Split stock overvalued right now?
Based on GuruFocus' analysis, Dividend Growth Split (TSX:DGS) is currently considered Modestly Undervalued. The stock's GF Value™ is C$10.41, compared to a current price of C$8.59 — trading 17.5% below its estimated fair value. The current Return-on-Tangible-Equity is 36.46%, which is 10% above median its 10-year median of 33.13 and 407.1% above the Asset Management industry median of 7.19. Dividend Growth Split's overall GF Score™ is 58/100 with 6 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 Dividend Growth Split (TSX:DGS), the current Return-on-Tangible-Equity is 36.46% 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 Dividend Growth Split (TSX:DGS) Overvalued in 2026?
Based on GuruFocus' analysis, Dividend Growth Split stock appears to be undervalued.
The current stock price of C$8.59 is trading 17.5% below its estimated GF Value™ of C$10.41.
GuruFocus considers Dividend Growth Split to be Modestly Undervalued.
Key valuation signals for TSX:DGS:
Return-on-Tangible-Equity: 36.46% (10% above median its 10-year median of 33.13)
GF Value™: C$10.41 vs. price of C$8.59 (17.5% below fair value)
Industry Position: 407.1% above the Asset Management median (#141 of 1588)
No single metric tells the full story. See the TSX:DGS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dividend Growth Split Corp is a Canada-based mutual fund corporation. The fund invests in a portfolio consisting principally of equity securities of Canadian dividend growth companies. In addition, the Fund may hold up to 20% of the total assets of the portfolio in global dividend growth companies for diversification and improved return potential. The firm has the majority of its portfolio composition in the Financials and Energy sectors.
58GF Score
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