Bellevue Group AGXSWX:BBN +0.58%63 Return-on-Tangible-Equity is 4.44% as of Dec. 2025, which is 75% below its 10-year median of 17.54. GuruFocus rates XSWX:BBN with a GF Score™ of 63/100 and a GF Value™ of CHF9.77 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,588 Asset Management companies, Bellevue Group AG ranks worse than 67.57% 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. Bellevue Group AG's annualized net income for the quarter that ended in Dec. 2025 was CHF3.40 Mil. Bellevue Group AG's average shareholder tangible equity for the quarter that ended in Dec. 2025 was CHF76.58 Mil. Therefore, Bellevue Group AG's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 4.44%.
The historical rank and industry rank for Bellevue Group AG's Return-on-Tangible-Equity or its related term are showing as below:
XSWX:BBN'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -0.71 Med: 17.54 Max: 40.56
Current: 2.46
During the past 13 years, Bellevue Group AG's highest Return-on-Tangible-Equity was 40.56%. The lowest was -0.71%. And the median was 17.54%.
XSWX:BBN's Return-on-Tangible-Equity is ranked worse than 67.57% of 1588
companies
in the Asset Management industry
Industry Median: 7.205
vs XSWX:BBN: 2.46
Bellevue Group AG (XSWX:BBN) 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.
Bellevue Group AG Return-on-Tangible-Equity Related Terms
Bellevue Group AG Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Bellevue Group AG'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.
XSWX:BBN vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Bellevue Group AG'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.
Bellevue Group AG Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Bellevue Group AG's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Bellevue Group AG'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 4.44% mean?
Bellevue Group AG (XSWX:BBN) has a Return-on-Tangible-Equity of 4.44% 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 Bellevue Group AG and its competitors. This is 75% below median its historical median of 17.54. According to the industry distribution chart, Bellevue Group AG ranks #1073 out of 1588 companies in the Asset Management industry, placing it in the top 67.6%.
Is Bellevue Group AG's Return-on-Tangible-Equity too high?
Bellevue Group AG's current Return-on-Tangible-Equity of 4.44% is 75% below median its 10-year median of 17.54. The Asset Management industry median Return-on-Tangible-Equity is 7.21. Bellevue Group AG's value of 4.44% is 38.4% below this industry median. Based on the distribution chart, Bellevue Group AG ranks #1073 out of 1588 companies in the Asset Management industry, which is below the industry midpoint. Overall, Bellevue Group AG has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bellevue Group AG's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Bellevue Group AG ranks #1073 out of 1588 companies for Return-on-Tangible-Equity. This places Bellevue Group AG in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.21. Bellevue Group AG's value of 4.44% is 38.4% below this benchmark. While the company's 10-year median is 17.54 vs. the industry median of 7.21, Bellevue Group AG 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 an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.21, 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. Bellevue Group AG's current Return-on-Tangible-Equity of 4.44% is 38.4% 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 Bellevue Group AG 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. Bellevue Group AG's current Return-on-Tangible-Equity is 4.44%, which is 75% below median its own 10-year median of 17.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bellevue Group AG stock overvalued right now?
Based on GuruFocus' analysis, Bellevue Group AG (XSWX:BBN) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF9.77, compared to a current price of CHF6.92 — trading 29.2% below its estimated fair value. The current Return-on-Tangible-Equity is 4.44%, which is 75% below median its 10-year median of 17.54 and 38.4% below the Asset Management industry median of 7.21. Bellevue Group AG's overall GF Score™ is 63/100 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 Bellevue Group AG (XSWX:BBN), the current Return-on-Tangible-Equity is 4.44% 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 Bellevue Group AG (XSWX:BBN) Overvalued in 2026?
Based on GuruFocus' analysis, Bellevue Group AG stock appears to be undervalued.
The current stock price of CHF6.92 is trading 29.2% below its estimated GF Value™ of CHF9.77.
GuruFocus considers Bellevue Group AG to be Modestly Undervalued.
Key valuation signals for XSWX:BBN:
Return-on-Tangible-Equity: 4.44% (75% below median its 10-year median of 17.54)
GF Value™: CHF9.77 vs. price of CHF6.92 (29.2% below fair value)
Industry Position: 38.4% below the Asset Management median (#1073 of 1588)
No single metric tells the full story. See the XSWX:BBN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bellevue Group AG is a Switzerland-based company operating in the finance industry. It is principally engaged in the field of asset management. The business operates in one segment. The segment consists of the operating business units Bellevue Asset Management, StarCapital, and Bellevue Private Markets. It focuses on managing equity portfolios for selected sectors and regional strategies.
63GF Score
Get the complete analysis for XSWX:BBN
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