COG Financial ServicesASX:COG 36 Return-on-Tangible-Asset is 3.83% as of Dec. 2025, which is 30% above its 10-year median of 2.94. GuruFocus rates ASX:COG with a GF Score™ of 36/100 and a GF Value™ of A$0.76 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 817 Capital Markets companies, COG Financial Services ranks better than 68.42% 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. COG Financial Services's annualizedNet Income for the quarter that ended in Dec. 2025 was A$19.8 Mil. COG Financial Services's average total tangible assets for the quarter that ended in Dec. 2025 was A$516.4 Mil. Therefore, COG Financial Services's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 3.83%.
The historical rank and industry rank for COG Financial Services's Return-on-Tangible-Asset or its related term are showing as below:
ASX:COG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -9.71 Med: 2.94 Max: 18.9
Current: 3.87
During the past 13 years, COG Financial Services's highest Return-on-Tangible-Asset was 18.90%. The lowest was -9.71%. And the median was 2.94%.
ASX:COG's Return-on-Tangible-Asset is ranked better than 68.42% of 817
companies
in the Capital Markets industry
Industry Median: 1.51
vs ASX:COG: 3.87
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.
COG Financial Services Return-on-Tangible-Asset Related Terms
COG Financial Services Return-on-Tangible-Asset Historical Data
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The historical data trend for COG Financial Services'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:COG vs MS, GS, SCHW: Return-on-Tangible-Asset Comparison
For the Capital Markets subindustry, COG Financial Services'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.
COG Financial Services Return-on-Tangible-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, COG Financial Services's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where COG Financial Services'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 3.83% mean?
COG Financial Services (ASX:COG) has a Return-on-Tangible-Asset of 3.83% 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 COG Financial Services and its competitors. This is 30% above median its historical median of 2.94. According to the industry distribution chart, COG Financial Services ranks #258 out of 817 companies in the Capital Markets industry, placing it in the top 31.6%.
Is COG Financial Services' Return-on-Tangible-Asset too high?
COG Financial Services' current Return-on-Tangible-Asset of 3.83% is 30% above median its 10-year median of 2.94. The Capital Markets industry median Return-on-Tangible-Asset is 1.51. COG Financial Services' value of 3.83% is 153.6% above this industry median. Based on the distribution chart, COG Financial Services ranks #258 out of 817 companies in the Capital Markets industry, which is above the industry midpoint. Overall, COG Financial Services has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does COG Financial Services' Return-on-Tangible-Asset compare to MS and GS?
According to the Capital Markets industry distribution chart, COG Financial Services ranks #258 out of 817 companies for Return-on-Tangible-Asset. This puts COG Financial Services in the upper half of its industry. The industry median Return-on-Tangible-Asset is 1.51. COG Financial Services' value of 3.83% is 153.6% above this benchmark. While the company's 10-year median is 2.94 vs. the industry median of 1.51, COG Financial Services 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 1.51, 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. COG Financial Services's current Return-on-Tangible-Asset of 3.83% is 153.6% 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 COG Financial Services and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Asset is 1.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. COG Financial Services's current Return-on-Tangible-Asset is 3.83%, which is 30% above median its own 10-year median of 2.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is COG Financial Services stock overvalued right now?
Based on GuruFocus' analysis, COG Financial Services (ASX:COG) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.76, compared to a current price of A$1.47 — trading 93.4% above its estimated fair value. The current Return-on-Tangible-Asset is 3.83%, which is 30% above median its 10-year median of 2.94 and 153.6% above the Capital Markets industry median of 1.51. COG Financial Services' overall GF Score™ is 36/100 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 COG Financial Services (ASX:COG), the current Return-on-Tangible-Asset is 3.83% 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 COG Financial Services (ASX:COG) Overvalued in 2026?
Based on GuruFocus' analysis, COG Financial Services stock appears to be overvalued.
The current stock price of A$1.47 is trading 93.4% above its estimated GF Value™ of A$0.76.
GuruFocus considers COG Financial Services to be Significantly Overvalued.
Key valuation signals for ASX:COG:
Return-on-Tangible-Asset: 3.83% (30% above median its 10-year median of 2.94)
GF Value™: A$0.76 vs. price of A$1.47 (93.4% above fair value)
Industry Position: 153.6% above the Capital Markets median (#258 of 817)
No single metric tells the full story. See the ASX:COG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
COG Financial Services Ltd is engaged in the equipment finance sector. The investment objective of the company is to grow its earnings per share by investing in complementary entities and growing existing businesses that specialise in equipment finance broking, finance aggregation, and commercial leases for essential business assets. Its segments include Finance Broking and Aggregation, which is the key revenue driver, focused on the aggregation of broker volumes to maximize profitability through scale and finance broking focused on products finance and asset types; Novated Leasing; Asset Management and Lending activities, and others.
36GF 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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