Kaiser ReefASX:KAU 34 Return-on-Tangible-Asset is 14.15% as of Dec. 2025. GuruFocus rates ASX:KAU with a GF Score™ of 34/100 and a GF Value™ of A$0.30 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 2,659 Metals & Mining companies, Kaiser Reef ranks better than 66.3% 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. Kaiser Reef's annualizedNet Income for the quarter that ended in Dec. 2025 was A$18.2 Mil. Kaiser Reef's average total tangible assets for the quarter that ended in Dec. 2025 was A$128.3 Mil. Therefore, Kaiser Reef's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 14.15%.
The historical rank and industry rank for Kaiser Reef's Return-on-Tangible-Asset or its related term are showing as below:
ASX:KAU'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -26.89 Med: -12.68 Max: 3.79
Current: -5.26
During the past 4 years, Kaiser Reef's highest Return-on-Tangible-Asset was 3.79%. The lowest was -26.89%. And the median was -12.68%.
ASX:KAU's Return-on-Tangible-Asset is ranked better than 66.3% of 2659
companies
in the Metals & Mining industry
Industry Median: -17.32
vs ASX:KAU: -5.26
Kaiser Reef (ASX:KAU) 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.
Kaiser Reef Return-on-Tangible-Asset Related Terms
Kaiser Reef Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Kaiser Reef'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:KAU vs NEM, AU: Return-on-Tangible-Asset Comparison
For the Gold subindustry, Kaiser Reef'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.
Kaiser Reef Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Kaiser Reef's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Kaiser Reef'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 14.15% mean?
Kaiser Reef (ASX:KAU) has a Return-on-Tangible-Asset of 14.15% 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 Kaiser Reef and its competitors. According to the industry distribution chart, Kaiser Reef ranks #896 out of 2659 companies in the Metals & Mining industry, placing it in the top 33.7%.
Is Kaiser Reef's Return-on-Tangible-Asset too high?
Kaiser Reef's current Return-on-Tangible-Asset is 14.15%. Based on the distribution chart, Kaiser Reef ranks #896 out of 2659 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Kaiser Reef has a GF Score™ of 34/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Kaiser Reef's Return-on-Tangible-Asset compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Kaiser Reef ranks #896 out of 2659 companies for Return-on-Tangible-Asset. This puts Kaiser Reef in the upper half of its industry. 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 Metals & Mining company?
A good Return-on-Tangible-Asset depends on the Metals & Mining industry context. 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 Kaiser Reef and its competitors. Kaiser Reef's current Return-on-Tangible-Asset is 14.15%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kaiser Reef stock overvalued right now?
Based on GuruFocus' analysis, Kaiser Reef (ASX:KAU) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.30, compared to a current price of A$0.20 — trading 35% below its estimated fair value. The current Return-on-Tangible-Asset is 14.15%. Kaiser Reef's overall GF Score™ is 34/100 with 2 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 Kaiser Reef (ASX:KAU), the current Return-on-Tangible-Asset is 14.15% 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 Kaiser Reef (ASX:KAU) Overvalued in 2026?
Based on GuruFocus' analysis, Kaiser Reef stock appears to be undervalued.
The current stock price of A$0.20 is trading 35% below its estimated GF Value™ of A$0.30.
GuruFocus considers Kaiser Reef to be Possible Value Trap.
Key valuation signals for ASX:KAU:
Return-on-Tangible-Asset: 14.15%
GF Value™: A$0.30 vs. price of A$0.20 (35% below fair value)
No single metric tells the full story. See the ASX:KAU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kaiser Reef Ltd is a gold producer and exploration company. The company's projects include A1 Gold Mine, Henty Gold Mine, Maldon Goldfields, and Maldon Plant. Its segments include Victoria operations and Tasmania operations. It generates the majority of its revenue from the Victoria operations segment.
34GF Score
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