Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Altshuler Shaham FinancialXTAE:ALTF -0.34%78 Return-on-Tangible-Equity is 102.64% as of Mar. 2026, which is 1% below its 10-year median of 103.48. GuruFocus rates XTAE:ALTF with a GF Score™ of 78/100 and a GF Value™ of ₪5.23 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,592 Asset Management companies, Altshuler Shaham Financial ranks better than 97.99% 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. Altshuler Shaham Financial's annualized net income for the quarter that ended in Mar. 2026 was ₪114.7 Mil. Altshuler Shaham Financial's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₪111.8 Mil. Therefore, Altshuler Shaham Financial's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 102.64%.
The historical rank and industry rank for Altshuler Shaham Financial's Return-on-Tangible-Equity or its related term are showing as below:
XTAE:ALTF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 76.5 Med: 103.48 Max: 968.44
Current: 170.11
During the past 10 years, Altshuler Shaham Financial's highest Return-on-Tangible-Equity was 968.44%. The lowest was 76.50%. And the median was 103.48%.
XTAE:ALTF's Return-on-Tangible-Equity is ranked better than 97.99% of 1592
companies
in the Asset Management industry
Industry Median: 7.215
vs XTAE:ALTF: 170.11
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.
Altshuler Shaham Financial Return-on-Tangible-Equity Related Terms
Altshuler Shaham Financial 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.
XTAE:ALTF vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Altshuler Shaham Financial'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.
Altshuler Shaham Financial Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Altshuler Shaham Financial's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Altshuler Shaham Financial'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 102.64% mean?
Altshuler Shaham Financial (XTAE:ALTF) has a Return-on-Tangible-Equity of 102.64% 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 Altshuler Shaham Financial and its competitors. This is near median its historical median of 103.48. Over the past decade, Altshuler Shaham Financial's Return-on-Tangible-Equity has ranged from 76.50 to 968.44. According to the industry distribution chart, Altshuler Shaham Financial ranks #32 out of 1592 companies in the Asset Management industry, placing it in the top 2%.
Is Altshuler Shaham Financial's Return-on-Tangible-Equity too high?
Altshuler Shaham Financial's current Return-on-Tangible-Equity of 102.64% is near median its 10-year median of 103.48. Over the past 10 years, this metric has ranged from a low of 76.50 to a high of 968.44. The Asset Management industry median Return-on-Tangible-Equity is 7.22. Altshuler Shaham Financial's value of 102.64% is 1322.6% above this industry median. Based on the distribution chart, Altshuler Shaham Financial ranks #32 out of 1592 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Altshuler Shaham Financial has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Altshuler Shaham Financial's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Altshuler Shaham Financial ranks #32 out of 1592 companies for Return-on-Tangible-Equity. This places Altshuler Shaham Financial in the top 2% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.22. Altshuler Shaham Financial's value of 102.64% is 1322.6% above this benchmark. Historically, Altshuler Shaham Financial's own Return-on-Tangible-Equity has ranged from 76.50 to 968.44 over the past decade. While the company's 10-year median is 103.48 vs. the industry median of 7.22, Altshuler Shaham Financial 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 7.22, based on 1,592 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. Altshuler Shaham Financial's current Return-on-Tangible-Equity of 102.64% is 1322.6% 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 Altshuler Shaham Financial and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Altshuler Shaham Financial's current Return-on-Tangible-Equity is 102.64%, which is near median its own 10-year median of 103.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altshuler Shaham Financial stock overvalued right now?
Based on GuruFocus' analysis, Altshuler Shaham Financial (XTAE:ALTF) is currently considered Modestly Overvalued. The stock's GF Value™ is ₪5.23, compared to a current price of ₪6.43 — trading 23% above its estimated fair value. The current Return-on-Tangible-Equity is 102.64%, which is near median its 10-year median of 103.48 and 1322.6% above the Asset Management industry median of 7.22. Altshuler Shaham Financial's overall GF Score™ is 78/100 with 3 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 Altshuler Shaham Financial (XTAE:ALTF), the current Return-on-Tangible-Equity is 102.64% 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 Altshuler Shaham Financial (XTAE:ALTF) Overvalued in 2026?
Based on GuruFocus' analysis, Altshuler Shaham Financial stock appears to be overvalued.
The current stock price of ₪6.43 is trading 23% above its estimated GF Value™ of ₪5.23.
GuruFocus considers Altshuler Shaham Financial to be Modestly Overvalued.
Key valuation signals for XTAE:ALTF:
Return-on-Tangible-Equity: 102.64% (near median its 10-year median of 103.48)
GF Value™: ₪5.23 vs. price of ₪6.43 (23% above fair value)
Industry Position: 1322.6% above the Asset Management median (#32 of 1592)
No single metric tells the full story. See the XTAE:ALTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Altshuler Shaham Financial Ltd is a manager of provident funds, study and pension funds. It holds a permit to operate provident funds for savings, provident pay and severance pay, central severance pay funds, study funds, central sick pay provident fund, a central provident fund for budgetary pension participation, investment provident funds, and investment provident funds - long-term savings for children (with multiple tracks). The company has two operating segments: The pension fund segment and the Provident fund segment.
78GF Score
Get the complete analysis for XTAE:ALTF
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
XTAE:ALTF has been successfully added to your 
