FSA GroupASX:FSA 82 Return-on-Tangible-Asset is 1.23% as of Dec. 2025, which is 61% below its 10-year median of 3.12. GuruFocus rates ASX:FSA with a GF Score™ of 82/100 and a GF Value™ of A$1.44 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 543 Credit Services companies, FSA Group ranks worse than 57.64% 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. FSA Group's annualizedNet Income for the quarter that ended in Dec. 2025 was A$12.4 Mil. FSA Group's average total tangible assets for the quarter that ended in Dec. 2025 was A$1,005.5 Mil. Therefore, FSA Group's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 1.23%.
The historical rank and industry rank for FSA Group's Return-on-Tangible-Asset or its related term are showing as below:
ASX:FSA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.94 Med: 3.12 Max: 3.8
Current: 1.31
During the past 13 years, FSA Group's highest Return-on-Tangible-Asset was 3.80%. The lowest was 0.94%. And the median was 3.12%.
ASX:FSA's Return-on-Tangible-Asset is ranked worse than 57.64% of 543
companies
in the Credit Services industry
Industry Median: 1.94
vs ASX:FSA: 1.31
FSA Group (ASX:FSA) 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.
FSA Group Return-on-Tangible-Asset Related Terms
FSA Group Return-on-Tangible-Asset Historical Data
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The historical data trend for FSA 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:FSA vs V, MA, AXP: Return-on-Tangible-Asset Comparison
For the Credit Services subindustry, FSA 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.
FSA Group Return-on-Tangible-Asset vs Credit Services Industry
For the Credit Services industry and Financial Services sector, FSA Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where FSA 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 1.23% mean?
FSA Group (ASX:FSA) has a Return-on-Tangible-Asset of 1.23% 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 FSA Group and its competitors. This is 61% below median its historical median of 3.12. Over the past decade, FSA Group's Return-on-Tangible-Asset has ranged from 0.94 to 3.80. According to the industry distribution chart, FSA Group ranks #313 out of 543 companies in the Credit Services industry, placing it in the top 57.6%.
Is FSA Group's Return-on-Tangible-Asset too high?
FSA Group's current Return-on-Tangible-Asset of 1.23% is 61% below median its 10-year median of 3.12. Over the past 10 years, this metric has ranged from a low of 0.94 to a high of 3.80. The Credit Services industry median Return-on-Tangible-Asset is 1.94. FSA Group's value of 1.23% is 36.6% below this industry median. Based on the distribution chart, FSA Group ranks #313 out of 543 companies in the Credit Services industry, which is below the industry midpoint. Overall, FSA Group has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does FSA Group's Return-on-Tangible-Asset compare to V and MA?
According to the Credit Services industry distribution chart, FSA Group ranks #313 out of 543 companies for Return-on-Tangible-Asset. This places FSA Group in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.94. FSA Group's value of 1.23% is 36.6% below this benchmark. Historically, FSA Group's own Return-on-Tangible-Asset has ranged from 0.94 to 3.80 over the past decade. While the company's 10-year median is 3.12 vs. the industry median of 1.94, FSA 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 Credit Services company?
The median Return-on-Tangible-Asset among Credit Services companies is 1.94, based on 543 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. FSA Group's current Return-on-Tangible-Asset of 1.23% is 36.6% 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 FSA Group and its competitors. For the Credit Services industry, the median Return-on-Tangible-Asset is 1.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FSA Group's current Return-on-Tangible-Asset is 1.23%, which is 61% below median its own 10-year median of 3.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FSA Group stock overvalued right now?
Based on GuruFocus' analysis, FSA Group (ASX:FSA) is currently considered Modestly Undervalued. The stock's GF Value™ is A$1.44, compared to a current price of A$1.30 — trading 9.7% below its estimated fair value. The current Return-on-Tangible-Asset is 1.23%, which is 61% below median its 10-year median of 3.12 and 36.6% below the Credit Services industry median of 1.94. FSA Group's overall GF Score™ is 82/100 with 10 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 FSA Group (ASX:FSA), the current Return-on-Tangible-Asset is 1.23% 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 FSA Group (ASX:FSA) Overvalued in 2026?
Based on GuruFocus' analysis, FSA Group stock appears to be undervalued.
The current stock price of A$1.30 is trading 9.7% below its estimated GF Value™ of A$1.44.
GuruFocus considers FSA Group to be Modestly Undervalued.
Key valuation signals for ASX:FSA:
Return-on-Tangible-Asset: 1.23% (61% below median its 10-year median of 3.12)
GF Value™: A$1.44 vs. price of A$1.30 (9.7% below fair value)
Industry Position: 36.6% below the Credit Services median (#313 of 543)
No single metric tells the full story. See the ASX:FSA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FSA Group Ltd is an Australian company that provides credit services. It offers debt solutions and direct lending services to individuals and businesses. The company has divided its business into Home Loans and Asset Finance and Personal Loans and Others. The Home Loans and Asset Finance segment offers home loans to assist clients wishing to purchase a property or consolidate their debt, as well as asset finance for SMEs wishing to purchase a vehicle and business-critical equipment. Personal Loans offer car loans to assist clients in purchasing a motor vehicle and unsecured personal loans for any approved purpose. The company generates the majority of its revenue from Home Loans and Asset Finance.
82GF 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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