Generation Development GroupASX:GDG -0.49%57 Return-on-Tangible-Asset is 0.27% as of Dec. 2025, which is 59% above its 10-year median of 0.17. GuruFocus rates ASX:GDG with a GF Score™ of 57/100 and a GF Value™ of A$7.87 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,635 Asset Management companies, Generation Development Group ranks worse than 77.43% on this metric.
The historical rank and industry rank for Generation Development Group's Return-on-Tangible-Asset or its related term are showing as below:
ASX:GDG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.7 Med: 0.17 Max: 0.91
Current: -0.7
During the past 13 years, Generation Development Group's highest Return-on-Tangible-Asset was 0.91%. The lowest was -0.70%. And the median was 0.17%.
ASX:GDG's Return-on-Tangible-Asset is ranked worse than 77.43% of 1635
companies
in the Asset Management industry
Industry Median: 4.13
vs ASX:GDG: -0.70
Generation Development Group (ASX:GDG) 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.
Generation Development Group Return-on-Tangible-Asset Related Terms
Generation Development Group Return-on-Tangible-Asset Historical Data
* 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.
Generation Development Group Return-on-Tangible-Asset Chart
ASX:GDG vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Generation Development 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.
Generation Development Group Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Generation Development Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Generation Development 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 0.27% mean?
Generation Development Group (ASX:GDG) has a Return-on-Tangible-Asset of 0.27% 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 Generation Development Group and its competitors. This is 59% above median its historical median of 0.17. According to the industry distribution chart, Generation Development Group ranks #1266 out of 1635 companies in the Asset Management industry, placing it in the top 77.4%.
Is Generation Development Group's Return-on-Tangible-Asset too high?
Generation Development Group's current Return-on-Tangible-Asset of 0.27% is 59% above median its 10-year median of 0.17. The Asset Management industry median Return-on-Tangible-Asset is 4.13. Generation Development Group's value of 0.27% is 93.5% below this industry median. Based on the distribution chart, Generation Development Group ranks #1266 out of 1635 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Generation Development Group has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Generation Development Group's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Generation Development Group ranks #1266 out of 1635 companies for Return-on-Tangible-Asset. This places Generation Development Group in the lower half of its industry. The industry median Return-on-Tangible-Asset is 4.13. Generation Development Group's value of 0.27% is 93.5% below this benchmark. While the company's 10-year median is 0.17 vs. the industry median of 4.13, Generation Development 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 an Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.13, based on 1,635 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. Generation Development Group's current Return-on-Tangible-Asset of 0.27% is 93.5% 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 Generation Development Group and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Generation Development Group's current Return-on-Tangible-Asset is 0.27%, which is 59% above median its own 10-year median of 0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Generation Development Group stock overvalued right now?
Based on GuruFocus' analysis, Generation Development Group (ASX:GDG) is currently considered Possible Value Trap. The stock's GF Value™ is A$7.87, compared to a current price of A$4.04 — trading 48.7% below its estimated fair value. The current Return-on-Tangible-Asset is 0.27%, which is 59% above median its 10-year median of 0.17 and 93.5% below the Asset Management industry median of 4.13. Generation Development Group's overall GF Score™ is 57/100 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 Generation Development Group (ASX:GDG), the current Return-on-Tangible-Asset is 0.27% 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 Generation Development Group (ASX:GDG) Overvalued in 2026?
Based on GuruFocus' analysis, Generation Development Group stock appears to be undervalued.
The current stock price of A$4.04 is trading 48.7% below its estimated GF Value™ of A$7.87.
GuruFocus considers Generation Development Group to be Possible Value Trap.
Key valuation signals for ASX:GDG:
Return-on-Tangible-Asset: 0.27% (59% above median its 10-year median of 0.17)
GF Value™: A$7.87 vs. price of A$4.04 (48.7% below fair value)
Industry Position: 93.5% below the Asset Management median (#1266 of 1635)
No single metric tells the full story. See the ASX:GDG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1991, Generation originally operated as a pooled development fund, focusing on providing capital to businesses in financial services. Today, the firm is structured across three key business lines within wealth management. The first is through Generation Life, the market leader in investment bonds by in-flows, which offers tax-effective products, including investment bonds and annuities. The second business line is Lonsec, a prominent research and ratings provider to the Australian financial services sector, competing against Morningstar and Zenith. The third division provides managed account solutions, a result of the merger between Evidentia and Lonsec Investment Solutions, offering individually owned accounts professionally managed by experienced portfolio managers.
57GF Score
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