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Canadian Large Cap Leaders SplitTSX:NPS -0.13%22 Return-on-Tangible-Equity is 46.96% as of Dec. 2025, which is 39% above its 10-year median of 33.77. GuruFocus rates TSX:NPS with a GF Score™ of 22/100. The stock has 1 warning sign investors should review. Among 1,590 Asset Management companies, Canadian Large Cap Leaders Split ranks better than 88.68% on this metric.
The historical rank and industry rank for Canadian Large Cap Leaders Split's Return-on-Tangible-Equity or its related term are showing as below:
TSX:NPS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 33.77 Med: 33.77 Max: 34.23
Current: 34.23
During the past 2 years, Canadian Large Cap Leaders Split's highest Return-on-Tangible-Equity was 34.23%. The lowest was 33.77%. And the median was 33.77%.
TSX:NPS's Return-on-Tangible-Equity is ranked better than 88.68% of 1590
companies
in the Asset Management industry
Industry Median: 7.21
vs TSX:NPS: 34.23
Canadian Large Cap Leaders Split (TSX:NPS) 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.
Canadian Large Cap Leaders Split Return-on-Tangible-Equity Related Terms
Canadian Large Cap Leaders 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.
Canadian Large Cap Leaders Split Return-on-Tangible-Equity Chart
Canadian Large Cap Leaders Split Annual Data
Trend
Dec24
Dec25
Return-on-Tangible-Equity
0.00
33.77
Canadian Large Cap Leaders Split Semi-Annual Data
Dec24
Jun25
Dec25
Return-on-Tangible-Equity
0.00
21.56
46.96
TSX:NPS vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Canadian Large Cap Leaders 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.
Canadian Large Cap Leaders Split Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Canadian Large Cap Leaders Split's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Canadian Large Cap Leaders 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 46.96% mean?
Canadian Large Cap Leaders Split (TSX:NPS) has a Return-on-Tangible-Equity of 46.96% 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 Canadian Large Cap Leaders Split and its competitors. This is 39% above median its historical median of 33.77. Over the past decade, Canadian Large Cap Leaders Split's Return-on-Tangible-Equity has ranged from 33.77 to 34.23. According to the industry distribution chart, Canadian Large Cap Leaders Split ranks #180 out of 1590 companies in the Asset Management industry, placing it in the top 11.3%.
Is Canadian Large Cap Leaders Split's Return-on-Tangible-Equity too high?
Canadian Large Cap Leaders Split's current Return-on-Tangible-Equity of 46.96% is 39% above median its 10-year median of 33.77. Over the past 10 years, this metric has ranged from a low of 33.77 to a high of 34.23. The Asset Management industry median Return-on-Tangible-Equity is 7.21. Canadian Large Cap Leaders Split's value of 46.96% is 551.3% above this industry median. Based on the distribution chart, Canadian Large Cap Leaders Split ranks #180 out of 1590 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Canadian Large Cap Leaders Split has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Canadian Large Cap Leaders Split's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Canadian Large Cap Leaders Split ranks #180 out of 1590 companies for Return-on-Tangible-Equity. This places Canadian Large Cap Leaders Split in the top 11% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.21. Canadian Large Cap Leaders Split's value of 46.96% is 551.3% above this benchmark. Historically, Canadian Large Cap Leaders Split's own Return-on-Tangible-Equity has ranged from 33.77 to 34.23 over the past decade. While the company's 10-year median is 33.77 vs. the industry median of 7.21, Canadian Large Cap Leaders 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 7.21, based on 1,590 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. Canadian Large Cap Leaders Split's current Return-on-Tangible-Equity of 46.96% is 551.3% 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 Canadian Large Cap Leaders Split 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. Canadian Large Cap Leaders Split's current Return-on-Tangible-Equity is 46.96%, which is 39% above median its own 10-year median of 33.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canadian Large Cap Leaders Split stock overvalued right now?
Canadian Large Cap Leaders Split (TSX:NPS) has a current Return-on-Tangible-Equity of 46.96%. The current Return-on-Tangible-Equity is 46.96%, which is 39% above median its 10-year median of 33.77 and 551.3% above the Asset Management industry median of 7.21. Canadian Large Cap Leaders Split's overall GF Score™ is 22/100 with 1 warning sign 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 Canadian Large Cap Leaders Split (TSX:NPS), the current Return-on-Tangible-Equity is 46.96% 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.
Canadian Large Cap Leaders Split Business Description
Canadian Large Cap Leaders Split Corp is a mutual fund corporation. The company will be amended prior to closing to create the Preferred Shares and the Class A Shares. The investment objectives for the Preferred Shares are to provide their holders with fixed cumulative preferential quarterly cash distributions and the investment objectives for the Class A Shares are to provide their holders with regular monthly noncumulative cash distributions.
22GF Score
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