WaFdWAFD +0.84%64 Return-on-Tangible-Equity is 10.24% as of Mar. 2026, which is 1% below its 10-year median of 10.34. GuruFocus rates WAFD with a GF Score™ of 64/100 and a GF Value™ of $30.59 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 1,525 Banks companies, WaFd ranks worse than 58.89% 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. WaFd's annualized net income for the quarter that ended in Mar. 2026 was $262.2 Mil. WaFd's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $2,561.0 Mil. Therefore, WaFd's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 10.24%.
The historical rank and industry rank for WaFd's Return-on-Tangible-Equity or its related term are showing as below:
WAFD'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.57 Med: 10.34 Max: 12.62
Current: 9.8
During the past 13 years, WaFd's highest Return-on-Tangible-Equity was 12.62%. The lowest was 8.57%. And the median was 10.34%.
WAFD's Return-on-Tangible-Equity is ranked worse than 58.89% of 1525
companies
in the Banks industry
Industry Median: 11.2
vs WAFD: 9.80
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.
WaFd Return-on-Tangible-Equity Related Terms
WaFd Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for WaFd'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.
WAFD vs FRME, CUBI, TRMK: Return-on-Tangible-Equity Comparison
For the Banks - Regional subindustry, WaFd'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.
WaFd Return-on-Tangible-Equity vs Banks Industry
For the Banks industry and Financial Services sector, WaFd's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where WaFd'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 10.24% mean?
WaFd (WAFD) has a Return-on-Tangible-Equity of 10.24% 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 WaFd and its competitors. This is near median its historical median of 10.34. Over the past decade, WaFd's Return-on-Tangible-Equity has ranged from 8.57 to 12.62. According to the industry distribution chart, WaFd ranks #898 out of 1525 companies in the Banks industry, placing it in the top 58.9%.
Is WaFd's Return-on-Tangible-Equity too high?
WaFd's current Return-on-Tangible-Equity of 10.24% is near median its 10-year median of 10.34. Over the past 10 years, this metric has ranged from a low of 8.57 to a high of 12.62. The Banks industry median Return-on-Tangible-Equity is 11.20. WaFd's value of 10.24% is 8.6% below this industry median. Based on the distribution chart, WaFd ranks #898 out of 1525 companies in the Banks industry, which is below the industry midpoint. Overall, WaFd has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does WaFd's Return-on-Tangible-Equity compare to FRME and CUBI?
According to the Banks industry distribution chart, WaFd ranks #898 out of 1525 companies for Return-on-Tangible-Equity. This places WaFd in the lower half of its industry. The industry median Return-on-Tangible-Equity is 11.20. WaFd's value of 10.24% is 8.6% below this benchmark. Historically, WaFd's own Return-on-Tangible-Equity has ranged from 8.57 to 12.62 over the past decade. While the company's 10-year median is 10.34 vs. the industry median of 11.20, WaFd has consistently been below 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 a Banks company?
The median Return-on-Tangible-Equity among Banks companies is 11.20, based on 1,525 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. WaFd's current Return-on-Tangible-Equity of 10.24% is 8.6% below 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 WaFd and its competitors. For the Banks industry, the median Return-on-Tangible-Equity is 11.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WaFd's current Return-on-Tangible-Equity is 10.24%, which is near median its own 10-year median of 10.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WaFd stock overvalued right now?
Based on GuruFocus' analysis, WaFd (WAFD) is currently considered Modestly Overvalued. The stock's GF Value™ is $30.59, compared to a current price of $38.39 — trading 25.5% above its estimated fair value. The current Return-on-Tangible-Equity is 10.24%, which is near median its 10-year median of 10.34 and 8.6% below the Banks industry median of 11.20. WaFd's overall GF Score™ is 64/100 with 9 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 WaFd (WAFD), the current Return-on-Tangible-Equity is 10.24% 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 WaFd (WAFD) Overvalued in 2026?
Based on GuruFocus' analysis, WaFd stock appears to be overvalued.
The current stock price of $38.39 is trading 25.5% above its estimated GF Value™ of $30.59.
GuruFocus considers WaFd to be Modestly Overvalued.
Key valuation signals for WAFD:
Return-on-Tangible-Equity: 10.24% (near median its 10-year median of 10.34)
GF Value™: $30.59 vs. price of $38.39 (25.5% above fair value)
Industry Position: 8.6% below the Banks median (#898 of 1525)
No single metric tells the full story. See the WAFD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
WaFd Inc is engaged in providing lending, depository, insurance, and other banking services to consumers, mid-sized to large businesses, and owners and developers of commercial real estate. Through the WaFd Bank, it is involved in accepting deposits from the general public and investing these funds in loans of various types, including first-lien mortgages on single-family dwellings, construction loans, land acquisition and development loans among others. The Bank also invests in certain United States government and agency obligations along with other investments and also performs insurance brokerage activities. Geographically, it operates in Washington, Oregon, Idaho, Arizona, Utah, Nevada, New Mexico, California and Texas.
64GF Score
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