Caspar Asset ManagementWAR:CSR -8.87%69 Return-on-Tangible-Equity is 27.34% as of Mar. 2026, which is 41% above its 10-year median of 19.40. GuruFocus rates WAR:CSR with a GF Score™ of 69/100 and a GF Value™ of zł12.89 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,591 Asset Management companies, Caspar Asset Management ranks better than 77.25% 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. Caspar Asset Management's annualized net income for the quarter that ended in Mar. 2026 was zł3.52 Mil. Caspar Asset Management's average shareholder tangible equity for the quarter that ended in Mar. 2026 was zł12.86 Mil. Therefore, Caspar Asset Management's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 27.34%.
The historical rank and industry rank for Caspar Asset Management's Return-on-Tangible-Equity or its related term are showing as below:
WAR:CSR'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.85 Med: 19.4 Max: 112.68
Current: 19.55
During the past 13 years, Caspar Asset Management's highest Return-on-Tangible-Equity was 112.68%. The lowest was 10.85%. And the median was 19.40%.
WAR:CSR's Return-on-Tangible-Equity is ranked better than 77.25% of 1591
companies
in the Asset Management industry
Industry Median: 7.21
vs WAR:CSR: 19.55
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.
Caspar Asset Management Return-on-Tangible-Equity Related Terms
Caspar Asset Management Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Caspar Asset Management'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.
WAR:CSR vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Caspar Asset Management'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.
Caspar Asset Management Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Caspar Asset Management's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Caspar Asset Management'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 27.34% mean?
Caspar Asset Management (WAR:CSR) has a Return-on-Tangible-Equity of 27.34% 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 Caspar Asset Management and its competitors. This is 41% above median its historical median of 19.40. Over the past decade, Caspar Asset Management's Return-on-Tangible-Equity has ranged from 10.85 to 112.68. According to the industry distribution chart, Caspar Asset Management ranks #362 out of 1591 companies in the Asset Management industry, placing it in the top 22.8%.
Is Caspar Asset Management's Return-on-Tangible-Equity too high?
Caspar Asset Management's current Return-on-Tangible-Equity of 27.34% is 41% above median its 10-year median of 19.40. Over the past 10 years, this metric has ranged from a low of 10.85 to a high of 112.68. The Asset Management industry median Return-on-Tangible-Equity is 7.21. Caspar Asset Management's value of 27.34% is 279.2% above this industry median. Based on the distribution chart, Caspar Asset Management ranks #362 out of 1591 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Caspar Asset Management has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Caspar Asset Management's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Caspar Asset Management ranks #362 out of 1591 companies for Return-on-Tangible-Equity. This places Caspar Asset Management in the top 23% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.21. Caspar Asset Management's value of 27.34% is 279.2% above this benchmark. Historically, Caspar Asset Management's own Return-on-Tangible-Equity has ranged from 10.85 to 112.68 over the past decade. While the company's 10-year median is 19.40 vs. the industry median of 7.21, Caspar Asset Management 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. Caspar Asset Management's current Return-on-Tangible-Equity of 27.34% is 279.2% 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 Caspar Asset Management 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. Caspar Asset Management's current Return-on-Tangible-Equity is 27.34%, which is 41% above median its own 10-year median of 19.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Caspar Asset Management stock overvalued right now?
Based on GuruFocus' analysis, Caspar Asset Management (WAR:CSR) is currently considered Possible Value Trap. The stock's GF Value™ is zł12.89, compared to a current price of zł5.65 — trading 56.2% below its estimated fair value. The current Return-on-Tangible-Equity is 27.34%, which is 41% above median its 10-year median of 19.40 and 279.2% above the Asset Management industry median of 7.21. Caspar Asset Management's overall GF Score™ is 69/100 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 Caspar Asset Management (WAR:CSR), the current Return-on-Tangible-Equity is 27.34% 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 Caspar Asset Management (WAR:CSR) Overvalued in 2026?
Based on GuruFocus' analysis, Caspar Asset Management stock appears to be undervalued.
The current stock price of zł5.65 is trading 56.2% below its estimated GF Value™ of zł12.89.
GuruFocus considers Caspar Asset Management to be Possible Value Trap.
Key valuation signals for WAR:CSR:
Return-on-Tangible-Equity: 27.34% (41% above median its 10-year median of 19.40)
GF Value™: zł12.89 vs. price of zł5.65 (56.2% below fair value)
Industry Position: 279.2% above the Asset Management median (#362 of 1591)
No single metric tells the full story. See the WAR:CSR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Caspar Asset Management SA is an asset management company. The company offers asset management services such as investment advice, asset administration to individuals and institutional investors in Poland.
69GF Score
Get the complete analysis for WAR:CSR
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
WAR:CSR has been successfully added to your 
