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Apollo Global Management (BSP:A1PO34) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Jun. 2026) net income data. The Revenue data used here is four times the quarterly (Jun. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.
* 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.
For the Asset Management subindustry, Apollo Global Management's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Apollo Global Management's ROE % distribution charts can be found below:
* The bar in red indicates where Apollo Global Management's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Jun. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Apollo Global Management (BSP:A1PO34) has a ROE % of 26.32% as of Jun. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Apollo Global Management and its competitors. This is 33% below median its historical median of 39.03. According to the industry distribution chart, Apollo Global Management ranks #693 out of 1610 companies in the Asset Management industry, placing it in the top 43%.
Is Apollo Global Management's ROE % too high?
Apollo Global Management's current ROE % of 26.32% is 33% below median its 10-year median of 39.03. The Asset Management industry median ROE % is 6.99. Apollo Global Management's value of 26.32% is 276.8% above this industry median. Based on the distribution chart, Apollo Global Management ranks #693 out of 1610 companies in the Asset Management industry, which is above the industry midpoint. Overall, Apollo Global Management has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Apollo Global Management's ROE % compare to KKR and STT?
According to the Asset Management industry distribution chart, Apollo Global Management ranks #693 out of 1610 companies for ROE %. This puts Apollo Global Management in the upper half of its industry. The industry median ROE % is 6.99. Apollo Global Management's value of 26.32% is 276.8% above this benchmark. While the company's 10-year median is 39.03 vs. the industry median of 6.99, Apollo Global 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 ROE % for an Asset Management company?
The median ROE % among Asset Management companies is 6.99, based on 1,610 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Apollo Global Management's current ROE % of 26.32% is 276.8% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Apollo Global Management and its competitors. For the Asset Management industry, the median ROE % is 6.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apollo Global Management's current ROE % is 26.32%, which is 33% below median its own 10-year median of 39.03. 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?
Based on GuruFocus' analysis, Apollo Global Management (BSP:A1PO34) is currently considered Fairly Valued. The stock's GF Value™ is R$47.51, compared to a current price of R$48.09 — trading 1.2% above its estimated fair value. The current ROE % is 26.32%, which is 33% below median its 10-year median of 39.03 and 276.8% above the Asset Management industry median of 6.99. Apollo Global Management's overall GF Score™ is 61/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Apollo Global Management (BSP:A1PO34), the current ROE % is 26.32% as of Jun. 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 (BSP:A1PO34) Overvalued in 2026?
Based on GuruFocus' analysis, Apollo Global Management stock appears to be overvalued.
The current stock price of R$48.09 is trading 1.2% above its estimated GF Value™ of R$47.51.
GuruFocus considers Apollo Global Management to be Fairly Valued.
Key valuation signals for BSP:A1PO34:
ROE %: 26.32% (33% below median its 10-year median of 39.03)
GF Value™: R$47.51 vs. price of R$48.09 (1.2% above fair value)
Industry Position: 276.8% above the Asset Management median (#693 of 1610)
No single metric tells the full story. See the BSP:A1PO34 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.
61GF Score
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