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Bell Financial GroupASX:BFG +2.05%54 Return-on-Tangible-Asset is 5.20% as of Dec. 2025, which is 37% above its 10-year median of 3.79. GuruFocus rates ASX:BFG with a GF Score™ of 54/100 and a GF Value™ of A$1.56 (Fairly Valued). The stock has 4 warning signs investors should review. Among 817 Capital Markets companies, Bell Financial Group ranks better than 67.2% 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. Bell Financial Group's annualizedNet Income for the quarter that ended in Dec. 2025 was A$53.3 Mil. Bell Financial Group's average total tangible assets for the quarter that ended in Dec. 2025 was A$1,026.0 Mil. Therefore, Bell Financial Group's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 5.20%.
The historical rank and industry rank for Bell Financial Group's Return-on-Tangible-Asset or its related term are showing as below:
ASX:BFG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.26 Med: 3.79 Max: 4.99
Current: 3.65
During the past 13 years, Bell Financial Group's highest Return-on-Tangible-Asset was 4.99%. The lowest was 2.26%. And the median was 3.79%.
ASX:BFG's Return-on-Tangible-Asset is ranked better than 67.2% of 817
companies
in the Capital Markets industry
Industry Median: 1.54
vs ASX:BFG: 3.65
Bell Financial Group (ASX:BFG) 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.
Bell Financial Group Return-on-Tangible-Asset Related Terms
Bell Financial Group Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Bell Financial 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.
Bell Financial Group Return-on-Tangible-Asset Chart
ASX:BFG vs MS, GS, SCHW: Return-on-Tangible-Asset Comparison
For the Capital Markets subindustry, Bell Financial 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.
Bell Financial Group Return-on-Tangible-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Bell Financial Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Bell Financial 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 5.20% mean?
Bell Financial Group (ASX:BFG) has a Return-on-Tangible-Asset of 5.20% 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 Bell Financial Group and its competitors. This is 37% above median its historical median of 3.79. Over the past decade, Bell Financial Group's Return-on-Tangible-Asset has ranged from 2.26 to 4.99. According to the industry distribution chart, Bell Financial Group ranks #268 out of 817 companies in the Capital Markets industry, placing it in the top 32.8%.
Is Bell Financial Group's Return-on-Tangible-Asset too high?
Bell Financial Group's current Return-on-Tangible-Asset of 5.20% is 37% above median its 10-year median of 3.79. Over the past 10 years, this metric has ranged from a low of 2.26 to a high of 4.99. The Capital Markets industry median Return-on-Tangible-Asset is 1.54. Bell Financial Group's value of 5.20% is 237.7% above this industry median. Based on the distribution chart, Bell Financial Group ranks #268 out of 817 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Bell Financial Group has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bell Financial Group's Return-on-Tangible-Asset compare to MS and GS?
According to the Capital Markets industry distribution chart, Bell Financial Group ranks #268 out of 817 companies for Return-on-Tangible-Asset. This puts Bell Financial Group in the upper half of its industry. The industry median Return-on-Tangible-Asset is 1.54. Bell Financial Group's value of 5.20% is 237.7% above this benchmark. Historically, Bell Financial Group's own Return-on-Tangible-Asset has ranged from 2.26 to 4.99 over the past decade. While the company's 10-year median is 3.79 vs. the industry median of 1.54, Bell Financial Group 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 Capital Markets company?
The median Return-on-Tangible-Asset among Capital Markets companies is 1.54, based on 817 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. Bell Financial Group's current Return-on-Tangible-Asset of 5.20% is 237.7% 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 Bell Financial Group and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Asset is 1.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bell Financial Group's current Return-on-Tangible-Asset is 5.20%, which is 37% above median its own 10-year median of 3.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bell Financial Group stock overvalued right now?
Based on GuruFocus' analysis, Bell Financial Group (ASX:BFG) is currently considered Fairly Valued. The stock's GF Value™ is A$1.56, compared to a current price of A$1.49 — trading 4.5% below its estimated fair value. The current Return-on-Tangible-Asset is 5.20%, which is 37% above median its 10-year median of 3.79 and 237.7% above the Capital Markets industry median of 1.54. Bell Financial Group's overall GF Score™ is 54/100 with 4 warning signs 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 Bell Financial Group (ASX:BFG), the current Return-on-Tangible-Asset is 5.20% 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 Bell Financial Group (ASX:BFG) Overvalued in 2026?
Based on GuruFocus' analysis, Bell Financial Group stock appears to be undervalued.
The current stock price of A$1.49 is trading 4.5% below its estimated GF Value™ of A$1.56.
GuruFocus considers Bell Financial Group to be Fairly Valued.
Key valuation signals for ASX:BFG:
Return-on-Tangible-Asset: 5.20% (37% above median its 10-year median of 3.79)
GF Value™: A$1.56 vs. price of A$1.49 (4.5% below fair value)
Industry Position: 237.7% above the Capital Markets median (#268 of 817)
No single metric tells the full story. See the ASX:BFG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bell Financial Group Ltd is a capital market service provider based in Australia. It is engaged in providing stockbroking, investment, and financial advisory services to private, institutional, and corporate clients. The reporting segments of the company are: Technology & Platforms, Products & Services, and Broking. Maximum revenue is generated from the Broking segment, which includes traditional retail client broking (Retail client focus) and traditional wholesale client broking services (Institutional and Wholesale client focus). The Technology & Platforms segment includes proprietary technology and platforms, including online broking, and the Products & Services segment represents its margin lending, cash, portfolio administration, and superannuation solutions products and services.
54GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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