Global Dividend Growth SplitTSX:GDV +1.51%60 Return-on-Tangible-Equity is 25.48% as of Dec. 2025, which is 8% below its 10-year median of 27.60. GuruFocus rates TSX:GDV with a GF Score™ of 60/100 and a GF Value™ of C$10.57 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,588 Asset Management companies, Global Dividend Growth Split ranks better than 86.08% 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. Global Dividend Growth Split's annualized net income for the quarter that ended in Dec. 2025 was C$49.78 Mil. Global Dividend Growth Split's average shareholder tangible equity for the quarter that ended in Dec. 2025 was C$195.41 Mil. Therefore, Global Dividend Growth Split's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 25.48%.
The historical rank and industry rank for Global Dividend Growth Split's Return-on-Tangible-Equity or its related term are showing as below:
TSX:GDV'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -37.65 Med: 27.6 Max: 45.08
Current: 28.78
During the past 8 years, Global Dividend Growth Split's highest Return-on-Tangible-Equity was 45.08%. The lowest was -37.65%. And the median was 27.60%.
TSX:GDV's Return-on-Tangible-Equity is ranked better than 86.08% of 1588
companies
in the Asset Management industry
Industry Median: 7.19
vs TSX:GDV: 28.78
Global Dividend Growth Split (TSX:GDV) 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.
Global Dividend Growth Split Return-on-Tangible-Equity Related Terms
Global Dividend Growth Split 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.
Global Dividend Growth Split Return-on-Tangible-Equity Chart
TSX:GDV vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Global 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.
Global Dividend Growth Split Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Global Dividend Growth Split's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Global 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 25.48% mean?
Global Dividend Growth Split (TSX:GDV) has a Return-on-Tangible-Equity of 25.48% 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 Global Dividend Growth Split and its competitors. This is near median its historical median of 27.60. According to the industry distribution chart, Global Dividend Growth Split ranks #221 out of 1588 companies in the Asset Management industry, placing it in the top 13.9%.
Is Global Dividend Growth Split's Return-on-Tangible-Equity too high?
Global Dividend Growth Split's current Return-on-Tangible-Equity of 25.48% is near median its 10-year median of 27.60. The Asset Management industry median Return-on-Tangible-Equity is 7.19. Global Dividend Growth Split's value of 25.48% is 254.4% above this industry median. Based on the distribution chart, Global Dividend Growth Split ranks #221 out of 1588 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Global Dividend Growth Split has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Global Dividend Growth Split's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Global Dividend Growth Split ranks #221 out of 1588 companies for Return-on-Tangible-Equity. This places Global Dividend Growth Split in the top 14% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.19. Global Dividend Growth Split's value of 25.48% is 254.4% above this benchmark. While the company's 10-year median is 27.60 vs. the industry median of 7.19, Global 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. Global Dividend Growth Split's current Return-on-Tangible-Equity of 25.48% is 254.4% 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 Global 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. Global Dividend Growth Split's current Return-on-Tangible-Equity is 25.48%, which is near median its own 10-year median of 27.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Dividend Growth Split stock overvalued right now?
Based on GuruFocus' analysis, Global Dividend Growth Split (TSX:GDV) is currently considered Modestly Overvalued. The stock's GF Value™ is C$10.57, compared to a current price of C$12.09 — trading 14.4% above its estimated fair value. The current Return-on-Tangible-Equity is 25.48%, which is near median its 10-year median of 27.60 and 254.4% above the Asset Management industry median of 7.19. Global Dividend Growth Split's overall GF Score™ is 60/100 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 Global Dividend Growth Split (TSX:GDV), the current Return-on-Tangible-Equity is 25.48% 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 Global Dividend Growth Split (TSX:GDV) Overvalued in 2026?
Based on GuruFocus' analysis, Global Dividend Growth Split stock appears to be overvalued.
The current stock price of C$12.09 is trading 14.4% above its estimated GF Value™ of C$10.57.
GuruFocus considers Global Dividend Growth Split to be Modestly Overvalued.
Key valuation signals for TSX:GDV:
Return-on-Tangible-Equity: 25.48% (near median its 10-year median of 27.60)
GF Value™: C$10.57 vs. price of C$12.09 (14.4% above fair value)
Industry Position: 254.4% above the Asset Management median (#221 of 1588)
No single metric tells the full story. See the TSX:GDV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Global Dividend Growth Split Corp is a mutual fund corporation established to provide holders of Preferred Shares with fixed, cumulative, preferential quarterly cash distributions and the return of the original issue price of the Preferred Shares at maturity. It also provides holders of Class A Shares with monthly non-cumulative cash distributions and the opportunity for growth in Net Asset Value per Class A Share through exposure to the portfolio. Its portfolio is invested across Asia, Europe, and North America, including Japan, France, Great Britain, Italy, Spain, Canada, and the United States, with exposure to Industrials, Consumer Staples, Financials, Healthcare, Utilities, Materials, Consumer Discretionary, Energy, Information Technology, Communication Services, and Real Estate.
60GF Score
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