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GWA GroupASX:GWA 76 Return-on-Tangible-Asset is 22.34% as of Dec. 2025, which is 25% above its 10-year median of 17.86. GuruFocus rates ASX:GWA with a GF Score™ of 76/100 and a GF Value™ of A$2.45 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,783 Construction companies, GWA Group ranks better than 97.03% 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. GWA Group's annualizedNet Income for the quarter that ended in Dec. 2025 was A$49.5 Mil. GWA Group's average total tangible assets for the quarter that ended in Dec. 2025 was A$221.4 Mil. Therefore, GWA Group's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 22.34%.
The historical rank and industry rank for GWA Group's Return-on-Tangible-Asset or its related term are showing as below:
ASX:GWA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 12.41 Med: 17.86 Max: 39.75
Current: 20.92
During the past 13 years, GWA Group's highest Return-on-Tangible-Asset was 39.75%. The lowest was 12.41%. And the median was 17.86%.
ASX:GWA's Return-on-Tangible-Asset is ranked better than 97.03% of 1783
companies
in the Construction industry
Industry Median: 3.05
vs ASX:GWA: 20.92
GWA Group (ASX:GWA) 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.
GWA Group Return-on-Tangible-Asset Related Terms
GWA Group Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for GWA 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:GWA vs TT, JCI, CARR: Return-on-Tangible-Asset Comparison
For the Building Products & Equipment subindustry, GWA 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.
GWA Group Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, GWA Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where GWA 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 22.34% mean?
GWA Group (ASX:GWA) has a Return-on-Tangible-Asset of 22.34% 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 GWA Group and its competitors. This is 25% above median its historical median of 17.86. Over the past decade, GWA Group's Return-on-Tangible-Asset has ranged from 12.41 to 39.75. According to the industry distribution chart, GWA Group ranks #53 out of 1783 companies in the Construction industry, placing it in the top 3%.
Is GWA Group's Return-on-Tangible-Asset too high?
GWA Group's current Return-on-Tangible-Asset of 22.34% is 25% above median its 10-year median of 17.86. Over the past 10 years, this metric has ranged from a low of 12.41 to a high of 39.75. The Construction industry median Return-on-Tangible-Asset is 3.05. GWA Group's value of 22.34% is 632.5% above this industry median. Based on the distribution chart, GWA Group ranks #53 out of 1783 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, GWA Group has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does GWA Group's Return-on-Tangible-Asset compare to TT and JCI?
According to the Construction industry distribution chart, GWA Group ranks #53 out of 1783 companies for Return-on-Tangible-Asset. This places GWA Group in the top 3% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.05. GWA Group's value of 22.34% is 632.5% above this benchmark. Historically, GWA Group's own Return-on-Tangible-Asset has ranged from 12.41 to 39.75 over the past decade. While the company's 10-year median is 17.86 vs. the industry median of 3.05, GWA Group 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 a Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.05, based on 1,783 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. GWA Group's current Return-on-Tangible-Asset of 22.34% is 632.5% 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 GWA Group and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GWA Group's current Return-on-Tangible-Asset is 22.34%, which is 25% above median its own 10-year median of 17.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GWA Group stock overvalued right now?
Based on GuruFocus' analysis, GWA Group (ASX:GWA) is currently considered Fairly Valued. The stock's GF Value™ is A$2.45, compared to a current price of A$2.34 — trading 4.5% below its estimated fair value. The current Return-on-Tangible-Asset is 22.34%, which is 25% above median its 10-year median of 17.86 and 632.5% above the Construction industry median of 3.05. GWA Group's overall GF Score™ is 76/100 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 GWA Group (ASX:GWA), the current Return-on-Tangible-Asset is 22.34% 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 GWA Group (ASX:GWA) Overvalued in 2026?
Based on GuruFocus' analysis, GWA Group stock appears to be undervalued.
The current stock price of A$2.34 is trading 4.5% below its estimated GF Value™ of A$2.45.
GuruFocus considers GWA Group to be Fairly Valued.
Key valuation signals for ASX:GWA:
Return-on-Tangible-Asset: 22.34% (25% above median its 10-year median of 17.86)
GF Value™: A$2.45 vs. price of A$2.34 (4.5% below fair value)
Industry Position: 632.5% above the Construction median (#53 of 1783)
No single metric tells the full story. See the ASX:GWA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GWA Group Ltd is an Australian designer of sanitary ware and bathroom fittings that has undergone a divestment program to focus solely on the front-of-wall bathroom and kitchen fittings markets. GWA's portfolio of brands includes Caroma, Dorf, Fowler, and Clark, with Caroma, in particular, enjoying a long history and high brand awareness in the Australian market. The company has one reportable segment, Water Solutions. This segment includes the sale of vitreous china toilet suites, basins, plastic cisterns, taps and showers, baths, kitchen sinks, laundry tubs, domestic water control valves, smart products, and bathroom accessories.
76GF 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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