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AJ Lucas GroupASX:AJL +6.25% Return-on-Tangible-Asset is 88.96% as of Dec. 2025. The stock has 5 warning signs investors should review. Among 634 Steel companies, AJ Lucas Group ranks better than 98.74% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. AJ Lucas Group's annualizedNet Income for the quarter that ended in Dec. 2025 was A$77.2 Mil. AJ Lucas Group's average total tangible assets for the quarter that ended in Dec. 2025 was A$86.8 Mil. Therefore, AJ Lucas Group's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 88.96%.
The historical rank and industry rank for AJ Lucas Group's Return-on-Tangible-Asset or its related term are showing as below:
ASX:AJL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -93.54 Med: -7.35 Max: 38.48
Current: 38.48
During the past 13 years, AJ Lucas Group's highest Return-on-Tangible-Asset was 38.48%. The lowest was -93.54%. And the median was -7.35%.
ASX:AJL's Return-on-Tangible-Asset is ranked better than 98.74% of 634
companies
in the Steel industry
Industry Median: 2.055
vs ASX:AJL: 38.48
AJ Lucas Group (ASX:AJL) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
AJ Lucas Group Return-on-Tangible-Asset Related Terms
AJ Lucas Group Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for AJ Lucas Group's Return-on-Tangible-Asset 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.
ASX:AJL vs HCC, AMR, SXC: Return-on-Tangible-Asset Comparison
For the Coking Coal subindustry, AJ Lucas Group's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
AJ Lucas Group Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, AJ Lucas Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where AJ Lucas Group's Return-on-Tangible-Asset 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-Asset, the net income of the last fiscal year and the average total tangible assets 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.
What does a Return-on-Tangible-Asset of 88.96% mean?
AJ Lucas Group (ASX:AJL) has a Return-on-Tangible-Asset of 88.96% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on AJ Lucas Group and its competitors. According to the industry distribution chart, AJ Lucas Group ranks #8 out of 634 companies in the Steel industry, placing it in the top 1.3%.
Is AJ Lucas Group's Return-on-Tangible-Asset too high?
AJ Lucas Group's current Return-on-Tangible-Asset is 88.96%. The Steel industry median Return-on-Tangible-Asset is 2.06. AJ Lucas Group's value of 88.96% is 4229% above this industry median. Based on the distribution chart, AJ Lucas Group ranks #8 out of 634 companies in the Steel industry, which is in the top quartile — a strong position relative to peers.
How does AJ Lucas Group's Return-on-Tangible-Asset compare to HCC and AMR?
According to the Steel industry distribution chart, AJ Lucas Group ranks #8 out of 634 companies for Return-on-Tangible-Asset. This places AJ Lucas Group in the top 1% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.06. AJ Lucas Group's value of 88.96% is 4229% 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 Return-on-Tangible-Asset for a Steel company?
The median Return-on-Tangible-Asset among Steel companies is 2.06, based on 634 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AJ Lucas Group's current Return-on-Tangible-Asset of 88.96% is 4229% 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-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on AJ Lucas Group and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AJ Lucas Group's current Return-on-Tangible-Asset is 88.96%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AJ Lucas Group stock overvalued right now?
Based on GuruFocus' analysis, AJ Lucas Group (ASX:AJL) is currently considered Modestly Undervalued. The stock's GF Value™ is A$0.01, compared to a current price of A$0.01 — trading 15% below its estimated fair value. The current Return-on-Tangible-Asset is 88.96% and 4229% above the Steel industry median of 2.06. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For AJ Lucas Group (ASX:AJL), the current Return-on-Tangible-Asset is 88.96% 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.
AJ Lucas Group Ltd is a provider of drilling services to the Australian coal industry, and an operator, through its subsidiary Cuadrilla Resources Holdings Limited, of exploration and appraisal of conventional and unconventional oil and gas prospects in the United Kingdom (UK). The Group is structured with two principal operating segments: Drilling (Australian operations) provides drilling services to the energy and resources sectors, but focuses on delivering a suite of degasification and exploration drilling and related services to Australian metallurgical coal mines; Oil & Gas Operations (UK investments operations) include the Exploration of unconventional and conventional hydrocarbons in the UK. It generates the majority of revenue from the Australian Operations segment.
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