Aristocrat LeisureASX:ALL +0.50%93 Return-on-Tangible-Asset is 31.43% as of Mar. 2026, which is 8% above its 10-year median of 29.14. GuruFocus rates ASX:ALL with a GF Score™ of 93/100 and a GF Value™ of A$53.15 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 853 Travel & Leisure companies, Aristocrat Leisure ranks better than 97.19% 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. Aristocrat Leisure's annualizedNet Income for the quarter that ended in Mar. 2026 was A$1,611 Mil. Aristocrat Leisure's average total tangible assets for the quarter that ended in Mar. 2026 was A$5,126 Mil. Therefore, Aristocrat Leisure's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 31.43%.
The historical rank and industry rank for Aristocrat Leisure's Return-on-Tangible-Asset or its related term are showing as below:
ASX:ALL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 16.68 Med: 29.14 Max: 41.86
Current: 27.51
During the past 13 years, Aristocrat Leisure's highest Return-on-Tangible-Asset was 41.86%. The lowest was 16.68%. And the median was 29.14%.
ASX:ALL's Return-on-Tangible-Asset is ranked better than 97.19% of 853
companies
in the Travel & Leisure industry
Industry Median: 2.75
vs ASX:ALL: 27.51
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.
Aristocrat Leisure Return-on-Tangible-Asset Related Terms
Aristocrat Leisure Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Aristocrat Leisure'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:ALL vs FLUT, DKNG, SGHC: Return-on-Tangible-Asset Comparison
For the Gambling subindustry, Aristocrat Leisure'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.
Aristocrat Leisure Return-on-Tangible-Asset vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Aristocrat Leisure's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Aristocrat Leisure'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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 31.43% mean?
Aristocrat Leisure (ASX:ALL) has a Return-on-Tangible-Asset of 31.43% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Aristocrat Leisure and its competitors. This is near median its historical median of 29.14. Over the past decade, Aristocrat Leisure's Return-on-Tangible-Asset has ranged from 16.68 to 41.86. According to the industry distribution chart, Aristocrat Leisure ranks #24 out of 853 companies in the Travel & Leisure industry, placing it in the top 2.8%.
Is Aristocrat Leisure's Return-on-Tangible-Asset too high?
Aristocrat Leisure's current Return-on-Tangible-Asset of 31.43% is near median its 10-year median of 29.14. Over the past 10 years, this metric has ranged from a low of 16.68 to a high of 41.86. The Travel & Leisure industry median Return-on-Tangible-Asset is 2.75. Aristocrat Leisure's value of 31.43% is 1042.9% above this industry median. Based on the distribution chart, Aristocrat Leisure ranks #24 out of 853 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Aristocrat Leisure has a GF Score™ of 93/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aristocrat Leisure's Return-on-Tangible-Asset compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, Aristocrat Leisure ranks #24 out of 853 companies for Return-on-Tangible-Asset. This places Aristocrat Leisure in the top 3% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.75. Aristocrat Leisure's value of 31.43% is 1042.9% above this benchmark. Historically, Aristocrat Leisure's own Return-on-Tangible-Asset has ranged from 16.68 to 41.86 over the past decade. While the company's 10-year median is 29.14 vs. the industry median of 2.75, Aristocrat Leisure 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-Asset for a Travel & Leisure company?
The median Return-on-Tangible-Asset among Travel & Leisure companies is 2.75, based on 853 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. Aristocrat Leisure's current Return-on-Tangible-Asset of 31.43% is 1042.9% 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 Aristocrat Leisure and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Asset is 2.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aristocrat Leisure's current Return-on-Tangible-Asset is 31.43%, which is near median its own 10-year median of 29.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aristocrat Leisure stock overvalued right now?
Based on GuruFocus' analysis, Aristocrat Leisure (ASX:ALL) is currently considered Modestly Overvalued. The stock's GF Value™ is A$53.15, compared to a current price of A$62.40 — trading 17.4% above its estimated fair value. The current Return-on-Tangible-Asset is 31.43%, which is near median its 10-year median of 29.14 and 1042.9% above the Travel & Leisure industry median of 2.75. Aristocrat Leisure's overall GF Score™ is 93/100 with 1 warning sign to review. 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 Aristocrat Leisure (ASX:ALL), the current Return-on-Tangible-Asset is 31.43% 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 Aristocrat Leisure (ASX:ALL) Overvalued in 2026?
Based on GuruFocus' analysis, Aristocrat Leisure stock appears to be overvalued.
The current stock price of A$62.40 is trading 17.4% above its estimated GF Value™ of A$53.15.
GuruFocus considers Aristocrat Leisure to be Modestly Overvalued.
Key valuation signals for ASX:ALL:
Return-on-Tangible-Asset: 31.43% (near median its 10-year median of 29.14)
GF Value™: A$53.15 vs. price of A$62.40 (17.4% above fair value)
Industry Position: 1042.9% above the Travel & Leisure median (#24 of 853)
No single metric tells the full story. See the ASX:ALL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aristocrat Leisure is an electronic gaming machine manufacturer that sells machines to pubs, clubs, and casinos. The firm is licensed in all Australian states and territories, North American jurisdictions, and essentially every major country. Aristocrat is one of the top three largest players in the space along with International Game Technology and Light & Wonder. The company also develops and distributes mobile games, principally in the social casino niche. The more nascent iGaming business sits between these two businesses, providing digital content and capabilities to real-money gaming providers.
93GF Score
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