The historical rank and industry rank for Australian Strategic Materials's Return-on-Tangible-Asset or its related term are showing as below:
ASX:ASM'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -10.29 Med: -10.15 Max: -0.35
Current: -8.59
During the past 5 years, Australian Strategic Materials's highest Return-on-Tangible-Asset was -0.35%. The lowest was -10.29%. And the median was -10.15%.
ASX:ASM's Return-on-Tangible-Asset is ranked better than 60.52% of 2662
companies
in the Metals & Mining industry
Industry Median: -17.275
vs ASX:ASM: -8.59
Australian Strategic Materials (ASX:ASM) 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.
Australian Strategic Materials Return-on-Tangible-Asset Related Terms
Australian Strategic Materials Return-on-Tangible-Asset Historical Data
* 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.
Australian Strategic Materials Return-on-Tangible-Asset Chart
Australian Strategic Materials Return-on-Tangible-Asset Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Australian Strategic Materials'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.
Australian Strategic Materials Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Australian Strategic Materials's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Australian Strategic Materials'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 -8.67% mean?
Australian Strategic Materials (ASX:ASM) has a Return-on-Tangible-Asset of -8.67% 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 Australian Strategic Materials and its competitors. According to the industry distribution chart, Australian Strategic Materials ranks #1051 out of 2662 companies in the Metals & Mining industry, placing it in the top 39.5%.
Is Australian Strategic Materials' Return-on-Tangible-Asset too high?
Australian Strategic Materials' current Return-on-Tangible-Asset is -8.67%. Based on the distribution chart, Australian Strategic Materials ranks #1051 out of 2662 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Australian Strategic Materials has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Australian Strategic Materials' Return-on-Tangible-Asset compare to competitors?
According to the Metals & Mining industry distribution chart, Australian Strategic Materials ranks #1051 out of 2662 companies for Return-on-Tangible-Asset. This puts Australian Strategic Materials in the upper half of its industry. 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 Metals & Mining company?
A good Return-on-Tangible-Asset depends on the Metals & Mining industry context. However, Return-on-Tangible-Asset 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-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 Australian Strategic Materials and its competitors. Australian Strategic Materials's current Return-on-Tangible-Asset is -8.67%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Australian Strategic Materials stock overvalued right now?
Based on GuruFocus' analysis, Australian Strategic Materials (ASX:ASM) is currently considered Modestly Undervalued. The stock's GF Value™ is A$1.56, compared to a current price of A$1.16 — trading 25.6% below its estimated fair value. The current Return-on-Tangible-Asset is -8.67%. Australian Strategic Materials' overall GF Score™ is 57/100 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 Australian Strategic Materials (ASX:ASM), the current Return-on-Tangible-Asset is -8.67% 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.
Is Australian Strategic Materials (ASX:ASM) Overvalued in 2026?
Based on GuruFocus' analysis, Australian Strategic Materials stock appears to be undervalued.
The current stock price of A$1.16 is trading 25.6% below its estimated GF Value™ of A$1.56.
GuruFocus considers Australian Strategic Materials to be Modestly Undervalued.
Key valuation signals for ASX:ASM:
Return-on-Tangible-Asset: -8.67%
GF Value™: A$1.56 vs. price of A$1.16 (25.6% below fair value)
No single metric tells the full story. See the ASX:ASM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Australian Strategic Materials Business Description
Australian Strategic Materials Ltd is engaged in the business of producing and mining specialty metal and oxides. The product portfolio includes neodymium, praseodymium, zirconium, hafnium, dysprosium, terbium and niobium oxides. Its Dubbo Project includes Central Western New South Wales, Australia. The company's segment includes Corporate, Dubbo, and Korea. The company generates majority of its revenue from Korea, which includes the Korean Metals Plant.
57GF Score
Get the complete analysis for ASX:ASM
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:ASM has been successfully added to your 
