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FleetPartners GroupASX:FPR +2.85%75 Return-on-Tangible-Asset is 3.28% as of Mar. 2026, which is 1% below its 10-year median of 3.31. GuruFocus rates ASX:FPR with a GF Score™ of 75/100 and a GF Value™ of A$3.61 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,094 Business Services companies, FleetPartners Group ranks worse than 52.83% 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. FleetPartners Group's annualizedNet Income for the quarter that ended in Mar. 2026 was A$74.1 Mil. FleetPartners Group's average total tangible assets for the quarter that ended in Mar. 2026 was A$2,259.3 Mil. Therefore, FleetPartners Group's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.28%.
The historical rank and industry rank for FleetPartners Group's Return-on-Tangible-Asset or its related term are showing as below:
ASX:FPR'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -17.61 Med: 3.31 Max: 6.67
Current: 3.52
During the past 11 years, FleetPartners Group's highest Return-on-Tangible-Asset was 6.67%. The lowest was -17.61%. And the median was 3.31%.
ASX:FPR's Return-on-Tangible-Asset is ranked worse than 52.83% of 1094
companies
in the Business Services industry
Industry Median: 3.975
vs ASX:FPR: 3.52
FleetPartners Group (ASX:FPR) 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.
FleetPartners Group Return-on-Tangible-Asset Related Terms
FleetPartners Group Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for FleetPartners 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.
FleetPartners Group Return-on-Tangible-Asset Chart
ASX:FPR vs URI, SUNB, AER: Return-on-Tangible-Asset Comparison
For the Rental & Leasing Services subindustry, FleetPartners 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.
FleetPartners Group Return-on-Tangible-Asset vs Business Services Industry
For the Business Services industry and Industrials sector, FleetPartners Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where FleetPartners 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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 3.28% mean?
FleetPartners Group (ASX:FPR) has a Return-on-Tangible-Asset of 3.28% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on FleetPartners Group and its competitors. This is near median its historical median of 3.31. According to the industry distribution chart, FleetPartners Group ranks #578 out of 1094 companies in the Business Services industry, placing it in the top 52.8%.
Is FleetPartners Group's Return-on-Tangible-Asset too high?
FleetPartners Group's current Return-on-Tangible-Asset of 3.28% is near median its 10-year median of 3.31. The Business Services industry median Return-on-Tangible-Asset is 3.98. FleetPartners Group's value of 3.28% is 17.5% below this industry median. Based on the distribution chart, FleetPartners Group ranks #578 out of 1094 companies in the Business Services industry, which is below the industry midpoint. Overall, FleetPartners Group has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does FleetPartners Group's Return-on-Tangible-Asset compare to URI and SUNB?
According to the Business Services industry distribution chart, FleetPartners Group ranks #578 out of 1094 companies for Return-on-Tangible-Asset. This places FleetPartners Group in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.98. FleetPartners Group's value of 3.28% is 17.5% below this benchmark. While the company's 10-year median is 3.31 vs. the industry median of 3.98, FleetPartners Group has consistently been below 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 Business Services company?
The median Return-on-Tangible-Asset among Business Services companies is 3.98, based on 1,094 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. FleetPartners Group's current Return-on-Tangible-Asset of 3.28% is 17.5% below 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 FleetPartners Group and its competitors. For the Business Services industry, the median Return-on-Tangible-Asset is 3.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FleetPartners Group's current Return-on-Tangible-Asset is 3.28%, which is near median its own 10-year median of 3.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FleetPartners Group stock overvalued right now?
Based on GuruFocus' analysis, FleetPartners Group (ASX:FPR) is currently considered Modestly Undervalued. The stock's GF Value™ is A$3.61, compared to a current price of A$2.89 — trading 19.9% below its estimated fair value. The current Return-on-Tangible-Asset is 3.28%, which is near median its 10-year median of 3.31 and 17.5% below the Business Services industry median of 3.98. FleetPartners Group's overall GF Score™ is 75/100 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 FleetPartners Group (ASX:FPR), the current Return-on-Tangible-Asset is 3.28% as of Mar. 2026. 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 FleetPartners Group (ASX:FPR) Overvalued in 2026?
Based on GuruFocus' analysis, FleetPartners Group stock appears to be undervalued.
The current stock price of A$2.89 is trading 19.9% below its estimated GF Value™ of A$3.61.
GuruFocus considers FleetPartners Group to be Modestly Undervalued.
Key valuation signals for ASX:FPR:
Return-on-Tangible-Asset: 3.28% (near median its 10-year median of 3.31)
GF Value™: A$3.61 vs. price of A$2.89 (19.9% below fair value)
Industry Position: 17.5% below the Business Services median (#578 of 1094)
No single metric tells the full story. See the ASX:FPR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FleetPartners Group Ltd is a provider of fleet leasing and fleet management services that operates across Australia and New Zealand. The company offers consumers and businesses access to funding solutions including fleet leasing, novated leasing, and salary packaging solutions. Its business segments include Australia commercial, Novated, and New Zealand commercial, with the majority of revenue flowing from Australia commercial. Australia commercial provides fleet leasing and management services; novated provides novated leasing and salary packaging services in Australia, and New Zealand commercial provides fleet leasing, management, and vehicle dealerships. Some of its brands include FleetPartners, FleetPlus and FleetChoice.
75GF 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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