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Kina SecuritiesASX:KSL +0.40%82 Return-on-Tangible-Asset is 2.13% as of Dec. 2025, which is 4% above its 10-year median of 2.05. GuruFocus rates ASX:KSL with a GF Score™ of 82/100 and a GF Value™ of A$1.17 (Fairly Valued). Among 558 Diversified Financial Services companies, Kina Securities ranks better than 72.94% 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. Kina Securities's annualizedNet Income for the quarter that ended in Dec. 2025 was A$36.2 Mil. Kina Securities's average total tangible assets for the quarter that ended in Dec. 2025 was A$1,696.6 Mil. Therefore, Kina Securities's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 2.13%.
The historical rank and industry rank for Kina Securities's Return-on-Tangible-Asset or its related term are showing as below:
ASX:KSL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.47 Med: 2.05 Max: 3.69
Current: 2.18
During the past 11 years, Kina Securities's highest Return-on-Tangible-Asset was 3.69%. The lowest was 1.47%. And the median was 2.05%.
ASX:KSL's Return-on-Tangible-Asset is ranked better than 72.94% of 558
companies
in the Diversified Financial Services industry
Industry Median: 0.785
vs ASX:KSL: 2.18
Kina Securities (ASX:KSL) 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.
Kina Securities Return-on-Tangible-Asset Related Terms
Kina Securities Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Kina Securities'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:KSL vs VOYA, FRHC: Return-on-Tangible-Asset Comparison
For the Financial Conglomerates subindustry, Kina Securities'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.
Kina Securities Return-on-Tangible-Asset vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Kina Securities's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Kina Securities'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 2.13% mean?
Kina Securities (ASX:KSL) has a Return-on-Tangible-Asset of 2.13% 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 Kina Securities and its competitors. This is near median its historical median of 2.05. Over the past decade, Kina Securities' Return-on-Tangible-Asset has ranged from 1.47 to 3.69. According to the industry distribution chart, Kina Securities ranks #151 out of 558 companies in the Diversified Financial Services industry, placing it in the top 27.1%.
Is Kina Securities' Return-on-Tangible-Asset too high?
Kina Securities' current Return-on-Tangible-Asset of 2.13% is near median its 10-year median of 2.05. Over the past 10 years, this metric has ranged from a low of 1.47 to a high of 3.69. The Diversified Financial Services industry median Return-on-Tangible-Asset is 0.79. Kina Securities' value of 2.13% is 171.3% above this industry median. Based on the distribution chart, Kina Securities ranks #151 out of 558 companies in the Diversified Financial Services industry, which is above the industry midpoint. Overall, Kina Securities has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kina Securities' Return-on-Tangible-Asset compare to VOYA and FRHC?
According to the Diversified Financial Services industry distribution chart, Kina Securities ranks #151 out of 558 companies for Return-on-Tangible-Asset. This puts Kina Securities in the upper half of its industry. The industry median Return-on-Tangible-Asset is 0.79. Kina Securities' value of 2.13% is 171.3% above this benchmark. Historically, Kina Securities' own Return-on-Tangible-Asset has ranged from 1.47 to 3.69 over the past decade. While the company's 10-year median is 2.05 vs. the industry median of 0.79, Kina Securities 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 Diversified Financial Services company?
The median Return-on-Tangible-Asset among Diversified Financial Services companies is 0.79, based on 558 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. Kina Securities's current Return-on-Tangible-Asset of 2.13% is 171.3% 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 Kina Securities and its competitors. For the Diversified Financial Services industry, the median Return-on-Tangible-Asset is 0.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kina Securities's current Return-on-Tangible-Asset is 2.13%, which is near median its own 10-year median of 2.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kina Securities stock overvalued right now?
Based on GuruFocus' analysis, Kina Securities (ASX:KSL) is currently considered Fairly Valued. The stock's GF Value™ is A$1.17, compared to a current price of A$1.25 — trading 6.8% above its estimated fair value. The current Return-on-Tangible-Asset is 2.13%, which is near median its 10-year median of 2.05 and 171.3% above the Diversified Financial Services industry median of 0.79. Kina Securities' overall GF Score™ is 82/100. 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 Kina Securities (ASX:KSL), the current Return-on-Tangible-Asset is 2.13% 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 Kina Securities (ASX:KSL) Overvalued in 2026?
Based on GuruFocus' analysis, Kina Securities stock appears to be overvalued.
The current stock price of A$1.25 is trading 6.8% above its estimated GF Value™ of A$1.17.
GuruFocus considers Kina Securities to be Fairly Valued.
Key valuation signals for ASX:KSL:
Return-on-Tangible-Asset: 2.13% (near median its 10-year median of 2.05)
GF Value™: A$1.17 vs. price of A$1.25 (6.8% above fair value)
Industry Position: 171.3% above the Diversified Financial Services median (#151 of 558)
No single metric tells the full story. See the ASX:KSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kina Securities Ltd provides diversified financial products and services. The company offers banking services, personal and commercial loans, money market operations, provision of share brokerage, fund administration, investment management services asset financing, and corporate advice. The Group's reportable segments include Banking & Finance and Wealth Management. The Banking & Finance segment includes the operations of the Bank while the Wealth Management segment includes fund management and fund administration business. It derives the majority of its revenues from the banking segment.
82GF Score
Get the complete analysis for ASX:KSL
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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