Flagship InvestmentsASX:FSI +4.20%34 Return-on-Tangible-Asset is -1.09% as of Dec. 2025. GuruFocus rates ASX:FSI with a GF Score™ of 34/100. Among 1,632 Asset Management companies, Flagship Investments ranks worse than 76.59% 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. Flagship Investments's annualizedNet Income for the quarter that ended in Dec. 2025 was A$-0.85 Mil. Flagship Investments's average total tangible assets for the quarter that ended in Dec. 2025 was A$78.34 Mil. Therefore, Flagship Investments's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was -1.09%.
The historical rank and industry rank for Flagship Investments's Return-on-Tangible-Asset or its related term are showing as below:
ASX:FSI'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.81 Med: 1 Max: 3.59
Current: -0.47
During the past 13 years, Flagship Investments's highest Return-on-Tangible-Asset was 3.59%. The lowest was -2.81%. And the median was 1.00%.
ASX:FSI's Return-on-Tangible-Asset is ranked worse than 76.59% of 1632
companies
in the Asset Management industry
Industry Median: 4.095
vs ASX:FSI: -0.47
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.
Flagship Investments Return-on-Tangible-Asset Related Terms
Flagship Investments Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Flagship Investments'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:FSI vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Flagship Investments'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.
Flagship Investments Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Flagship Investments's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Flagship Investments'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 -1.09% mean?
Flagship Investments (ASX:FSI) has a Return-on-Tangible-Asset of -1.09% 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 Flagship Investments and its competitors. According to the industry distribution chart, Flagship Investments ranks #1250 out of 1632 companies in the Asset Management industry, placing it in the top 76.6%.
Is Flagship Investments' Return-on-Tangible-Asset too high?
Flagship Investments' current Return-on-Tangible-Asset is -1.09%. Based on the distribution chart, Flagship Investments ranks #1250 out of 1632 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Flagship Investments has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Flagship Investments' Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Flagship Investments ranks #1250 out of 1632 companies for Return-on-Tangible-Asset. This places Flagship Investments in the lower half of its industry. The industry median Return-on-Tangible-Asset is 4.10. 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 4.10, based on 1,632 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. 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 Flagship Investments and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Flagship Investments's current Return-on-Tangible-Asset is -1.09%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flagship Investments stock overvalued right now?
Flagship Investments (ASX:FSI) has a current Return-on-Tangible-Asset of -1.09%. The current Return-on-Tangible-Asset is -1.09%. Flagship Investments' overall GF Score™ is 34/100. 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 Flagship Investments (ASX:FSI), the current Return-on-Tangible-Asset is -1.09% 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.
Flagship Investments Ltd is an investment company that provides its investors access to the portfolio of Australian growth companies. The company's investment objective is to achieve medium to long-term capital growth and income by investing in a diversified portfolio of Australian companies; to preserve and enhance the NTA backing per share after allowing for inflation; and to provide shareholders with a fully franked dividend, which will grow at a rate over the rate of inflation.
34GF Score
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