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 (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 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, Horizon Kinetics Holding'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.
Horizon Kinetics Holding ROE % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Horizon Kinetics Holding's ROE % distribution charts can be found below:
* The bar in red indicates where Horizon Kinetics Holding'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 (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Horizon Kinetics Holding (HKHC) has a ROE % of 77.56% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Horizon Kinetics Holding and its competitors. According to the industry distribution chart, Horizon Kinetics Holding ranks #392 out of 1614 companies in the Asset Management industry, placing it in the top 24.3%.
Is Horizon Kinetics Holding's ROE % too high?
Horizon Kinetics Holding's current ROE % is 77.56%. The Asset Management industry median ROE % is 6.36. Horizon Kinetics Holding's value of 77.56% is 1119.5% above this industry median. Based on the distribution chart, Horizon Kinetics Holding ranks #392 out of 1614 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Horizon Kinetics Holding has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Horizon Kinetics Holding's ROE % compare to PML and IGD?
According to the Asset Management industry distribution chart, Horizon Kinetics Holding ranks #392 out of 1614 companies for ROE %. This places Horizon Kinetics Holding in the top 24% of its industry — outperforming the majority of peers. The industry median ROE % is 6.36. Horizon Kinetics Holding's value of 77.56% is 1119.5% above this benchmark. 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 6.36, based on 1,614 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. Horizon Kinetics Holding's current ROE % of 77.56% is 1119.5% 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 Horizon Kinetics Holding and its competitors. For the Asset Management industry, the median ROE % is 6.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horizon Kinetics Holding's current ROE % is 77.56%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horizon Kinetics Holding stock overvalued right now?
Based on GuruFocus' analysis, Horizon Kinetics Holding (HKHC) is currently considered Fairly Valued. The stock's GF Value™ is $27.87, compared to a current price of $27.68 — trading 0.7% below its estimated fair value. The current ROE % is 77.56% and 1119.5% above the Asset Management industry median of 6.36. Horizon Kinetics Holding's overall GF Score™ is 58/100 with 4 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 Horizon Kinetics Holding (HKHC), the current ROE % is 77.56% 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 Horizon Kinetics Holding (HKHC) Overvalued in 2026?
Based on GuruFocus' analysis, Horizon Kinetics Holding stock appears to be undervalued.
The current stock price of $27.68 is trading 0.7% below its estimated GF Value™ of $27.87.
GuruFocus considers Horizon Kinetics Holding to be Fairly Valued.
Key valuation signals for HKHC:
ROE %: 77.56%
GF Value™: $27.87 vs. price of $27.68 (0.7% below fair value)
Industry Position: 1119.5% above the Asset Management median (#392 of 1614)
No single metric tells the full story. See the HKHC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Horizon Kinetics Holding Corp offers investment advisory services. The company provides proprietary research and investment advisory services for alternative value-based investing strategies. The fees earned, which include both management and performance fees, depend upon several factors, including the investment strategies, size of account and servicing needs. Geographically, the company operates in United States.
58GF Score
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