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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
InvestSMART GroupASX:INV 33 Return-on-Tangible-Asset is -2.23% as of Jun. 2026. GuruFocus rates ASX:INV with a GF Score™ of 33/100 and a GF Value™ of A$0.13 (Modestly Undervalued). Among 534 Diversified Financial Services companies, InvestSMART Group ranks worse than 69.66% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. InvestSMART Group's annualizedNet Income for the quarter that ended in Jun. 2026 was A$-0.21 Mil. InvestSMART Group's average total tangible assets for the quarter that ended in Jun. 2026 was A$9.62 Mil. Therefore, InvestSMART Group's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was -2.23%.
The historical rank and industry rank for InvestSMART Group's Return-on-Tangible-Asset or its related term are showing as below:
ASX:INV'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -265.82 Med: -7.24 Max: 2.68
Current: -5.68
During the past 13 years, InvestSMART Group's highest Return-on-Tangible-Asset was 2.68%. The lowest was -265.82%. And the median was -7.24%.
ASX:INV's Return-on-Tangible-Asset is ranked worse than 69.66% of 534
companies
in the Diversified Financial Services industry
Industry Median: 0.95
vs ASX:INV: -5.68
InvestSMART Group (ASX:INV) 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.
InvestSMART Group Return-on-Tangible-Asset Related Terms
InvestSMART Group Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for InvestSMART 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:INV vs FRHC, VOYA: Return-on-Tangible-Asset Comparison
For the Financial Conglomerates subindustry, InvestSMART 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.
InvestSMART Group Return-on-Tangible-Asset vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, InvestSMART Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where InvestSMART 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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of -2.23% mean?
InvestSMART Group (ASX:INV) has a Return-on-Tangible-Asset of -2.23% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on InvestSMART Group and its competitors. According to the industry distribution chart, InvestSMART Group ranks #372 out of 534 companies in the Diversified Financial Services industry, placing it in the top 69.7%.
Is InvestSMART Group's Return-on-Tangible-Asset too high?
InvestSMART Group's current Return-on-Tangible-Asset is -2.23%. Based on the distribution chart, InvestSMART Group ranks #372 out of 534 companies in the Diversified Financial Services industry, which is below the industry midpoint. Overall, InvestSMART Group has a GF Score™ of 33/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does InvestSMART Group's Return-on-Tangible-Asset compare to FRHC and VOYA?
According to the Diversified Financial Services industry distribution chart, InvestSMART Group ranks #372 out of 534 companies for Return-on-Tangible-Asset. This places InvestSMART Group in the lower half of its industry. The industry median Return-on-Tangible-Asset is 0.95. 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 Diversified Financial Services company?
The median Return-on-Tangible-Asset among Diversified Financial Services companies is 0.95, based on 534 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 InvestSMART Group and its competitors. For the Diversified Financial Services industry, the median Return-on-Tangible-Asset is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. InvestSMART Group's current Return-on-Tangible-Asset is -2.23%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is InvestSMART Group stock overvalued right now?
Based on GuruFocus' analysis, InvestSMART Group (ASX:INV) is currently considered Modestly Undervalued. The stock's GF Value™ is A$0.13, compared to a current price of A$0.12 — trading 11.5% below its estimated fair value. The current Return-on-Tangible-Asset is -2.23%. InvestSMART Group's overall GF Score™ is 33/100. 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 InvestSMART Group (ASX:INV), the current Return-on-Tangible-Asset is -2.23% as of Jun. 2026. 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 InvestSMART Group (ASX:INV) Overvalued in 2026?
Based on GuruFocus' analysis, InvestSMART Group stock appears to be undervalued.
The current stock price of A$0.12 is trading 11.5% below its estimated GF Value™ of A$0.13.
GuruFocus considers InvestSMART Group to be Modestly Undervalued.
Key valuation signals for ASX:INV:
Return-on-Tangible-Asset: -2.23%
GF Value™: A$0.13 vs. price of A$0.12 (11.5% below fair value)
No single metric tells the full story. See the ASX:INV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
InvestSMART Group Ltd is mainly involved in operating businesses that deliver financial services to retail investors in Australia, predominantly in wealth and funds management. It offers a proprietary digital wealth platform that operates within a content and tools ecosystem, offering investment products like InvestSMART (Professionally Managed Accounts), Fundlater (lending service), White label, and Intelligent Investor. In addition, the platform provides investment content and tools like Intelligent Investor (research and investment advisory service), and organizes bootcamps for investors, among others.
33GF Score
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