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Ophir High Conviction FundASX:OPH +0.39%59 Return-on-Tangible-Asset is 7.41% as of Dec. 2025, which is 26% below its 10-year median of 9.96. GuruFocus rates ASX:OPH with a GF Score™ of 59/100 and a GF Value™ of A$2.72 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,633 Asset Management companies, Ophir High Conviction Fund ranks better than 78.02% 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. Ophir High Conviction Fund's annualizedNet Income for the quarter that ended in Dec. 2025 was A$58.6 Mil. Ophir High Conviction Fund's average total tangible assets for the quarter that ended in Dec. 2025 was A$791.1 Mil. Therefore, Ophir High Conviction Fund's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 7.41%.
The historical rank and industry rank for Ophir High Conviction Fund's Return-on-Tangible-Asset or its related term are showing as below:
ASX:OPH'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -27.33 Med: 9.96 Max: 24.1
Current: 13.71
During the past 7 years, Ophir High Conviction Fund's highest Return-on-Tangible-Asset was 24.10%. The lowest was -27.33%. And the median was 9.96%.
ASX:OPH's Return-on-Tangible-Asset is ranked better than 78.02% of 1633
companies
in the Asset Management industry
Industry Median: 4.25
vs ASX:OPH: 13.71
Ophir High Conviction Fund (ASX:OPH) 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.
Ophir High Conviction Fund Return-on-Tangible-Asset Related Terms
Ophir High Conviction Fund Return-on-Tangible-Asset Historical Data
* 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.
Ophir High Conviction Fund Return-on-Tangible-Asset Chart
ASX:OPH vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Ophir High Conviction Fund'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.
Ophir High Conviction Fund Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Ophir High Conviction Fund's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Ophir High Conviction Fund'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 7.41% mean?
Ophir High Conviction Fund (ASX:OPH) has a Return-on-Tangible-Asset of 7.41% 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 Ophir High Conviction Fund and its competitors. This is 26% below median its historical median of 9.96. According to the industry distribution chart, Ophir High Conviction Fund ranks #359 out of 1633 companies in the Asset Management industry, placing it in the top 22%.
Is Ophir High Conviction Fund's Return-on-Tangible-Asset too high?
Ophir High Conviction Fund's current Return-on-Tangible-Asset of 7.41% is 26% below median its 10-year median of 9.96. The Asset Management industry median Return-on-Tangible-Asset is 4.25. Ophir High Conviction Fund's value of 7.41% is 74.4% above this industry median. Based on the distribution chart, Ophir High Conviction Fund ranks #359 out of 1633 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Ophir High Conviction Fund has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ophir High Conviction Fund's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Ophir High Conviction Fund ranks #359 out of 1633 companies for Return-on-Tangible-Asset. This places Ophir High Conviction Fund in the top 22% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.25. Ophir High Conviction Fund's value of 7.41% is 74.4% above this benchmark. While the company's 10-year median is 9.96 vs. the industry median of 4.25, Ophir High Conviction Fund 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 an Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.25, based on 1,633 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. Ophir High Conviction Fund's current Return-on-Tangible-Asset of 7.41% is 74.4% 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 Ophir High Conviction Fund and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ophir High Conviction Fund's current Return-on-Tangible-Asset is 7.41%, which is 26% below median its own 10-year median of 9.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ophir High Conviction Fund stock overvalued right now?
Based on GuruFocus' analysis, Ophir High Conviction Fund (ASX:OPH) is currently considered Fairly Valued. The stock's GF Value™ is A$2.72, compared to a current price of A$2.56 — trading 5.9% below its estimated fair value. The current Return-on-Tangible-Asset is 7.41%, which is 26% below median its 10-year median of 9.96 and 74.4% above the Asset Management industry median of 4.25. Ophir High Conviction Fund's overall GF Score™ is 59/100 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 Ophir High Conviction Fund (ASX:OPH), the current Return-on-Tangible-Asset is 7.41% 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 Ophir High Conviction Fund (ASX:OPH) Overvalued in 2026?
Based on GuruFocus' analysis, Ophir High Conviction Fund stock appears to be undervalued.
The current stock price of A$2.56 is trading 5.9% below its estimated GF Value™ of A$2.72.
GuruFocus considers Ophir High Conviction Fund to be Fairly Valued.
Key valuation signals for ASX:OPH:
Return-on-Tangible-Asset: 7.41% (26% below median its 10-year median of 9.96)
GF Value™: A$2.72 vs. price of A$2.56 (5.9% below fair value)
Industry Position: 74.4% above the Asset Management median (#359 of 1633)
No single metric tells the full story. See the ASX:OPH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ophir High Conviction Fund principally invests in a concentrated exposure to a high-quality portfolio of Australian listed companies outside the S&P/ASX50. The Fund has only one reportable segment. The Fund operates predominantly in Australia and is engaged solely in investment activities, deriving revenue from dividends and distribution income, interest income, and the sale of its investment portfolio.
59GF Score
Get the complete analysis for ASX:OPH
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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