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.
Bosqar ddZAG:BSQR 86 Return-on-Tangible-Equity is Negative Tangible Equity% as of Sep. 2025. GuruFocus rates ZAG:BSQR with a GF Score™ of 86/100 and a GF Value™ of €39.79 (Modestly Undervalued). The stock has 12 warning signs investors should review. Among 1,590 Asset Management companies, Bosqar dd ranks better than 99.94% 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. Bosqar dd's annualized net income for the quarter that ended in Sep. 2025 was €17.6 Mil. Bosqar dd's average shareholder tangible equity for the quarter that ended in Sep. 2025 was €-72.7 Mil. Therefore, Bosqar dd's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2025 was Negative Tangible Equity%.
The historical rank and industry rank for Bosqar dd's Return-on-Tangible-Equity or its related term are showing as below:
ZAG:BSQR'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.98 Med: 0.98 Max: 0.98
Current: Negative Tangible Equity
During the past 6 years, Bosqar dd's highest Return-on-Tangible-Equity was 0.98%. The lowest was 0.98%. And the median was 0.98%.
ZAG:BSQR's Return-on-Tangible-Equity is ranked better than 99.94% of 1590
companies
in the Asset Management industry
Industry Median: 7.475
vs ZAG:BSQR: Negative Tangible Equity
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.
Bosqar dd Return-on-Tangible-Equity Related Terms
Bosqar dd Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Bosqar dd'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.
ZAG:BSQR vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Bosqar dd'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.
Bosqar dd Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Bosqar dd's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Bosqar dd'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 (Sep. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of Negative Tangible Equity% mean?
Bosqar dd (ZAG:BSQR) has a Return-on-Tangible-Equity of Negative Tangible Equity% as of Sep. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Bosqar dd and its competitors. Over the past decade, Bosqar dd's Return-on-Tangible-Equity has ranged from 0.98 to 0.98. According to the industry distribution chart, Bosqar dd ranks #1 out of 1590 companies in the Asset Management industry, placing it in the top 0.099999999999994%.
Is Bosqar dd's Return-on-Tangible-Equity too high?
Bosqar dd's current Return-on-Tangible-Equity is Negative Tangible Equity%. Over the past 10 years, this metric has ranged from a low of 0.98 to a high of 0.98. Based on the distribution chart, Bosqar dd ranks #1 out of 1590 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Bosqar dd has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bosqar dd's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Bosqar dd ranks #1 out of 1590 companies for Return-on-Tangible-Equity. This places Bosqar dd in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.48. Historically, Bosqar dd's own Return-on-Tangible-Equity has ranged from 0.98 to 0.98 over the past decade. 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 7.48, 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 Bosqar dd and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bosqar dd's current Return-on-Tangible-Equity is Negative Tangible Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bosqar dd stock overvalued right now?
Based on GuruFocus' analysis, Bosqar dd (ZAG:BSQR) is currently considered Modestly Undervalued. The stock's GF Value™ is €39.79, compared to a current price of €29.20 — trading 26.6% below its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Bosqar dd's overall GF Score™ is 86/100 with 12 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 Bosqar dd (ZAG:BSQR), the current Return-on-Tangible-Equity is Negative Tangible Equity% as of Sep. 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 Bosqar dd (ZAG:BSQR) Overvalued in 2026?
Based on GuruFocus' analysis, Bosqar dd stock appears to be undervalued.
The current stock price of €29.20 is trading 26.6% below its estimated GF Value™ of €39.79.
GuruFocus considers Bosqar dd to be Modestly Undervalued.
No single metric tells the full story. See the ZAG:BSQR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bosqar dd is a builder and perpetual capital provider company that operates under four business verticals which include Business Process and Technology Outsourcing (BPTO), HR, eCommerce and Food.
86GF Score
Get the complete analysis for ZAG:BSQR
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
ZAG:BSQR has been successfully added to your 
