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. Apollo Global Management's annualized net income for the quarter that ended in Mar. 2026 was CHF-6,002 Mil. Apollo Global Management's average shareholder tangible equity for the quarter that ended in Mar. 2026 was CHF12,468 Mil. Therefore, Apollo Global Management's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -48.14%.
The historical rank and industry rank for Apollo Global Management's Return-on-Tangible-Equity or its related term are showing as below:
XSWX:APO'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -65.48 Med: 48.27 Max: 83.89
Current: 7.4
During the past 13 years, Apollo Global Management's highest Return-on-Tangible-Equity was 83.89%. The lowest was -65.48%. And the median was 48.27%.
XSWX:APO's Return-on-Tangible-Equity is ranked better than 51.19% of 1590
companies
in the Asset Management industry
Industry Median: 7.12
vs XSWX:APO: 7.40
Apollo Global Management (XSWX:APO) 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.
Apollo Global Management Return-on-Tangible-Equity Related Terms
Apollo Global Management Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Apollo Global 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.
Apollo Global Management Return-on-Tangible-Equity Chart
XSWX:APO vs KKR, STT, AMP: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Apollo Global 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.
Apollo Global Management Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Apollo Global Management's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Apollo Global 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 -48.14% mean?
Apollo Global Management (XSWX:APO) has a Return-on-Tangible-Equity of -48.14% 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 Apollo Global Management and its competitors. According to the industry distribution chart, Apollo Global Management ranks #776 out of 1590 companies in the Asset Management industry, placing it in the top 48.8%.
Is Apollo Global Management's Return-on-Tangible-Equity too high?
Apollo Global Management's current Return-on-Tangible-Equity is -48.14%. Based on the distribution chart, Apollo Global Management ranks #776 out of 1590 companies in the Asset Management industry, which is above the industry midpoint. Overall, Apollo Global Management has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Apollo Global Management's Return-on-Tangible-Equity compare to KKR and STT?
According to the Asset Management industry distribution chart, Apollo Global Management ranks #776 out of 1590 companies for Return-on-Tangible-Equity. This puts Apollo Global Management in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.12. 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 7.12, 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. 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 Apollo Global Management and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apollo Global Management's current Return-on-Tangible-Equity is -48.14%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apollo Global Management stock overvalued right now?
Apollo Global Management (XSWX:APO) has a current Return-on-Tangible-Equity of -48.14%. The stock's GF Value™ is CHF107.86, compared to a current price of CHF97.67 — trading 9.4% below its estimated fair value. The current Return-on-Tangible-Equity is -48.14%. Apollo Global Management's overall GF Score™ is 75/100 with 5 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 Apollo Global Management (XSWX:APO), the current Return-on-Tangible-Equity is -48.14% 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 Apollo Global Management (XSWX:APO) Overvalued in 2026?
Based on GuruFocus' analysis, Apollo Global Management stock appears to be undervalued.
The current stock price of CHF97.67 is trading 9.4% below its estimated GF Value™ of CHF107.86.
Key valuation signals for XSWX:APO:
Return-on-Tangible-Equity: -48.14%
GF Value™: CHF107.86 vs. price of CHF97.67 (9.4% below fair value)
No single metric tells the full story. See the XSWX:APO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Apollo is one of the world's largest alternative asset managers, with $938.4 billion in total assets under management, or AUM, including $709.1 billion in fee-earning assets, at the end of 2025. The company has two core operating segments: asset management and retirement services. Apollo operates with scale in each of its major product lines—private equity (with $128.4 billion in total AUM and $75.0 billion in fee-earning AUM), real estate/real assets ($60.8 billion/$27.6 billion), and credit ($749.2 billion/$606.5 billion). Apollo has a distribution profile that is likely not too far off from the industry averages—with 84% of its assets held by institutional investors and 16% by high-net-worth clients.
75GF Score
Get the complete analysis for XSWX:APO
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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