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EQT HoldingsASX:EQT +1.38%59 Return-on-Tangible-Asset is 16.32% as of Dec. 2025, which is 1% above its 10-year median of 16.14. GuruFocus rates ASX:EQT with a GF Score™ of 59/100 and a GF Value™ of A$37.82 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,637 Asset Management companies, EQT Holdings ranks better than 83.57% 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. EQT Holdings's annualizedNet Income for the quarter that ended in Dec. 2025 was A$41.0 Mil. EQT Holdings's average total tangible assets for the quarter that ended in Dec. 2025 was A$251.0 Mil. Therefore, EQT Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 16.32%.
The historical rank and industry rank for EQT Holdings's Return-on-Tangible-Asset or its related term are showing as below:
ASX:EQT'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 10.6 Med: 16.14 Max: 22.48
Current: 17.76
During the past 13 years, EQT Holdings's highest Return-on-Tangible-Asset was 22.48%. The lowest was 10.60%. And the median was 16.14%.
ASX:EQT's Return-on-Tangible-Asset is ranked better than 83.57% of 1637
companies
in the Asset Management industry
Industry Median: 4.23
vs ASX:EQT: 17.76
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.
EQT Holdings Return-on-Tangible-Asset Related Terms
EQT Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for EQT Holdings'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:EQT vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, EQT Holdings'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.
EQT Holdings Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, EQT Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where EQT Holdings'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 16.32% mean?
EQT Holdings (ASX:EQT) has a Return-on-Tangible-Asset of 16.32% 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 EQT Holdings and its competitors. This is near median its historical median of 16.14. Over the past decade, EQT Holdings' Return-on-Tangible-Asset has ranged from 10.60 to 22.48. According to the industry distribution chart, EQT Holdings ranks #269 out of 1637 companies in the Asset Management industry, placing it in the top 16.4%.
Is EQT Holdings' Return-on-Tangible-Asset too high?
EQT Holdings' current Return-on-Tangible-Asset of 16.32% is near median its 10-year median of 16.14. Over the past 10 years, this metric has ranged from a low of 10.60 to a high of 22.48. The Asset Management industry median Return-on-Tangible-Asset is 4.23. EQT Holdings' value of 16.32% is 285.8% above this industry median. Based on the distribution chart, EQT Holdings ranks #269 out of 1637 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, EQT Holdings has a GF Score™ of 59/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does EQT Holdings' Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, EQT Holdings ranks #269 out of 1637 companies for Return-on-Tangible-Asset. This places EQT Holdings in the top 16% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.23. EQT Holdings' value of 16.32% is 285.8% above this benchmark. Historically, EQT Holdings' own Return-on-Tangible-Asset has ranged from 10.60 to 22.48 over the past decade. While the company's 10-year median is 16.14 vs. the industry median of 4.23, EQT Holdings 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 an Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.23, based on 1,637 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. EQT Holdings's current Return-on-Tangible-Asset of 16.32% is 285.8% 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 EQT Holdings and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EQT Holdings's current Return-on-Tangible-Asset is 16.32%, which is near median its own 10-year median of 16.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EQT Holdings stock overvalued right now?
Based on GuruFocus' analysis, EQT Holdings (ASX:EQT) is currently considered Significantly Undervalued. The stock's GF Value™ is A$37.82, compared to a current price of A$17.59 — trading 53.5% below its estimated fair value. The current Return-on-Tangible-Asset is 16.32%, which is near median its 10-year median of 16.14 and 285.8% above the Asset Management industry median of 4.23. EQT Holdings' overall GF Score™ is 59/100 with 3 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 EQT Holdings (ASX:EQT), the current Return-on-Tangible-Asset is 16.32% 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 EQT Holdings (ASX:EQT) Overvalued in 2026?
Based on GuruFocus' analysis, EQT Holdings stock appears to be undervalued.
The current stock price of A$17.59 is trading 53.5% below its estimated GF Value™ of A$37.82.
GuruFocus considers EQT Holdings to be Significantly Undervalued.
Key valuation signals for ASX:EQT:
Return-on-Tangible-Asset: 16.32% (near median its 10-year median of 16.14)
GF Value™: A$37.82 vs. price of A$17.59 (53.5% below fair value)
Industry Position: 285.8% above the Asset Management median (#269 of 1637)
No single metric tells the full story. See the ASX:EQT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
EQT Holdings Ltd is an independent trustee and executor company. The company's operating segment includes Trustee & Wealth Services, Corporate & Superannuation Trustee Services - Australia, and Corporate Trustee Services - Europe. It generates maximum revenue from Trustee and Wealth Services. The Trustee & wealth Services segment provides a range of private client, philanthropic and superannuation services including estate planning and management; charitable, compensation, community and personal trust services, wealth management and advice. It has a presence in Australia, the United Kingdom, and Ireland.
59GF Score
Get the complete analysis for ASX:EQT
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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