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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. hipages Group Holdings's annualizedNet Income for the quarter that ended in Dec. 2025 was A$5.49 Mil. hipages Group Holdings's average total tangible assets for the quarter that ended in Dec. 2025 was A$40.44 Mil. Therefore, hipages Group Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 13.59%.
The historical rank and industry rank for hipages Group Holdings's Return-on-Tangible-Asset or its related term are showing as below:
ASX:HPG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -13.53 Med: -2.07 Max: 13.08
Current: 13.08
During the past 6 years, hipages Group Holdings's highest Return-on-Tangible-Asset was 13.08%. The lowest was -13.53%. And the median was -2.07%.
ASX:HPG's Return-on-Tangible-Asset is ranked better than 83.06% of 2892
companies
in the Software industry
Industry Median: 2.05
vs ASX:HPG: 13.08
hipages Group Holdings (ASX:HPG) 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.
hipages Group Holdings Return-on-Tangible-Asset Related Terms
hipages Group Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for hipages Group Holdings'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.
hipages Group Holdings Return-on-Tangible-Asset Chart
ASX:HPG vs QH, SHOP, UBER: Return-on-Tangible-Asset Comparison
For the Software - Application subindustry, hipages Group Holdings'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.
hipages Group Holdings Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, hipages Group Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where hipages Group Holdings'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 13.59% mean?
hipages Group Holdings (ASX:HPG) has a Return-on-Tangible-Asset of 13.59% 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 hipages Group Holdings and its competitors. According to the industry distribution chart, hipages Group Holdings ranks #490 out of 2892 companies in the Software industry, placing it in the top 16.9%.
Is hipages Group Holdings' Return-on-Tangible-Asset too high?
hipages Group Holdings' current Return-on-Tangible-Asset is 13.59%. The Software industry median Return-on-Tangible-Asset is 2.05. hipages Group Holdings' value of 13.59% is 562.9% above this industry median. Based on the distribution chart, hipages Group Holdings ranks #490 out of 2892 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, hipages Group Holdings has a GF Score™ of 48/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does hipages Group Holdings' Return-on-Tangible-Asset compare to QH and SHOP?
According to the Software industry distribution chart, hipages Group Holdings ranks #490 out of 2892 companies for Return-on-Tangible-Asset. This places hipages Group Holdings in the top 17% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.05. hipages Group Holdings' value of 13.59% is 562.9% above this benchmark. 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 Software company?
The median Return-on-Tangible-Asset among Software companies is 2.05, based on 2,892 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. hipages Group Holdings's current Return-on-Tangible-Asset of 13.59% is 562.9% 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 hipages Group Holdings and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. hipages Group Holdings's current Return-on-Tangible-Asset is 13.59%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is hipages Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, hipages Group Holdings (ASX:HPG) is currently considered Significantly Undervalued. The stock's GF Value™ is A$1.31, compared to a current price of A$0.73 — trading 44.7% below its estimated fair value. The current Return-on-Tangible-Asset is 13.59% and 562.9% above the Software industry median of 2.05. hipages Group Holdings' overall GF Score™ is 48/100 with 1 warning sign 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 hipages Group Holdings (ASX:HPG), the current Return-on-Tangible-Asset is 13.59% 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 hipages Group Holdings (ASX:HPG) Overvalued in 2026?
Based on GuruFocus' analysis, hipages Group Holdings stock appears to be undervalued.
The current stock price of A$0.73 is trading 44.7% below its estimated GF Value™ of A$1.31.
GuruFocus considers hipages Group Holdings to be Significantly Undervalued.
Key valuation signals for ASX:HPG:
Return-on-Tangible-Asset: 13.59%
GF Value™: A$1.31 vs. price of A$0.73 (44.7% below fair value)
Industry Position: 562.9% above the Software median (#490 of 2892)
No single metric tells the full story. See the ASX:HPG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
hipages Group Holdings Ltd is an online platform and software as a service provider that aims to connect tradies and consumers to resolve difficulties that come with organizing and coordinating home improvement jobs. The platform provides an efficient, technology-driven model to connect consumers with qualified tradies, and facilitates the management of other elements of the home improvement process, such as communication, payment, and ratings and recommendations. The company has two segments, Australia (Hipages online tradie platform) and New Zealand (Builderscrack online tradie platform). The company generates the majority of its revenue from Australia.
48GF Score
Get the complete analysis for ASX:HPG
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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