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BWP GroupASX:BWP +0.77%79 Return-on-Tangible-Asset is 11.72% as of Dec. 2025, which is 43% above its 10-year median of 8.18. GuruFocus rates ASX:BWP with a GF Score™ of 79/100 and a GF Value™ of A$4.00 (Fairly Valued). The stock has 6 warning signs investors should review. Among 940 REITs companies, BWP Group ranks better than 71.91% 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. BWP Group's annualizedNet Income for the quarter that ended in Dec. 2025 was A$452.4 Mil. BWP Group's average total tangible assets for the quarter that ended in Dec. 2025 was A$3,858.8 Mil. Therefore, BWP Group's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 11.72%.
The historical rank and industry rank for BWP Group's Return-on-Tangible-Asset or its related term are showing as below:
ASX:BWP'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.23 Med: 8.18 Max: 17.09
Current: 5.86
During the past 13 years, BWP Group's highest Return-on-Tangible-Asset was 17.09%. The lowest was 1.23%. And the median was 8.18%.
ASX:BWP's Return-on-Tangible-Asset is ranked better than 71.91% of 940
companies
in the REITs industry
Industry Median: 3.27
vs ASX:BWP: 5.86
BWP Group (ASX:BWP) 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.
BWP Group Return-on-Tangible-Asset Related Terms
BWP Group Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for BWP 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:BWP vs PLD, PSA, EXR: Return-on-Tangible-Asset Comparison
For the REIT - Industrial subindustry, BWP 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.
BWP Group Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, BWP Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where BWP 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 11.72% mean?
BWP Group (ASX:BWP) has a Return-on-Tangible-Asset of 11.72% 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 BWP Group and its competitors. This is 43% above median its historical median of 8.18. Over the past decade, BWP Group's Return-on-Tangible-Asset has ranged from 1.23 to 17.09. According to the industry distribution chart, BWP Group ranks #264 out of 940 companies in the REITs industry, placing it in the top 28.1%.
Is BWP Group's Return-on-Tangible-Asset too high?
BWP Group's current Return-on-Tangible-Asset of 11.72% is 43% above median its 10-year median of 8.18. Over the past 10 years, this metric has ranged from a low of 1.23 to a high of 17.09. The REITs industry median Return-on-Tangible-Asset is 3.27. BWP Group's value of 11.72% is 258.4% above this industry median. Based on the distribution chart, BWP Group ranks #264 out of 940 companies in the REITs industry, which is above the industry midpoint. Overall, BWP Group has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BWP Group's Return-on-Tangible-Asset compare to PLD and PSA?
According to the REITs industry distribution chart, BWP Group ranks #264 out of 940 companies for Return-on-Tangible-Asset. This puts BWP Group in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.27. BWP Group's value of 11.72% is 258.4% above this benchmark. Historically, BWP Group's own Return-on-Tangible-Asset has ranged from 1.23 to 17.09 over the past decade. While the company's 10-year median is 8.18 vs. the industry median of 3.27, BWP 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 REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.27, based on 940 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. BWP Group's current Return-on-Tangible-Asset of 11.72% is 258.4% 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 BWP Group and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BWP Group's current Return-on-Tangible-Asset is 11.72%, which is 43% above median its own 10-year median of 8.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BWP Group stock overvalued right now?
Based on GuruFocus' analysis, BWP Group (ASX:BWP) is currently considered Fairly Valued. The stock's GF Value™ is A$4.00, compared to a current price of A$3.92 — trading 2% below its estimated fair value. The current Return-on-Tangible-Asset is 11.72%, which is 43% above median its 10-year median of 8.18 and 258.4% above the REITs industry median of 3.27. BWP Group's overall GF Score™ is 79/100 with 6 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 BWP Group (ASX:BWP), the current Return-on-Tangible-Asset is 11.72% 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 BWP Group (ASX:BWP) Overvalued in 2026?
Based on GuruFocus' analysis, BWP Group stock appears to be undervalued.
The current stock price of A$3.92 is trading 2% below its estimated GF Value™ of A$4.00.
GuruFocus considers BWP Group to be Fairly Valued.
Key valuation signals for ASX:BWP:
Return-on-Tangible-Asset: 11.72% (43% above median its 10-year median of 8.18)
GF Value™: A$4.00 vs. price of A$3.92 (2% below fair value)
Industry Position: 258.4% above the REITs median (#264 of 940)
No single metric tells the full story. See the ASX:BWP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BWP Group is an Australian REIT focused on owning warehouse or bulky goods retailing properties with relatively large sites and high visibility and access to arterial roads. The portfolio of properties it owns is diversified across most Australian states and is on long-term leases to Australia's dominant home improvement chain: Bunnings Group. Bunnings is a wholly owned subsidiary of Wesfarmers, a top-10 ASX-listed company by market capitalization. Wesfarmers owns 23% of BWP units.
79GF Score
Get the complete analysis for ASX:BWP
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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