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Premier InvestmentsASX:PMV -1.89%77 Return-on-Tangible-Asset is 17.64% as of Jan. 2026, which is 25% above its 10-year median of 14.12. GuruFocus rates ASX:PMV with a GF Score™ of 77/100 and a GF Value™ of A$11.99 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,130 Retail - Cyclical companies, Premier Investments ranks better than 95.66% 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. Premier Investments's annualizedNet Income for the quarter that ended in Jan. 2026 was A$203.4 Mil. Premier Investments's average total tangible assets for the quarter that ended in Jan. 2026 was A$1,153.1 Mil. Therefore, Premier Investments's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2026 was 17.64%.
The historical rank and industry rank for Premier Investments's Return-on-Tangible-Asset or its related term are showing as below:
ASX:PMV'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 9.2 Med: 14.12 Max: 23.81
Current: 20.8
During the past 13 years, Premier Investments's highest Return-on-Tangible-Asset was 23.81%. The lowest was 9.20%. And the median was 14.12%.
ASX:PMV's Return-on-Tangible-Asset is ranked better than 95.66% of 1130
companies
in the Retail - Cyclical industry
Industry Median: 2.92
vs ASX:PMV: 20.80
Premier Investments (ASX:PMV) 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.
Premier Investments Return-on-Tangible-Asset Related Terms
Premier Investments Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Premier Investments'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.
Premier Investments Return-on-Tangible-Asset Chart
ASX:PMV vs TJX, ROST, BURL: Return-on-Tangible-Asset Comparison
For the Apparel Retail subindustry, Premier Investments'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.
Premier Investments Return-on-Tangible-Asset vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Premier Investments's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Premier Investments'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 (Jan. 2026) net income data.
What does a Return-on-Tangible-Asset of 17.64% mean?
Premier Investments (ASX:PMV) has a Return-on-Tangible-Asset of 17.64% as of Jan. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Premier Investments and its competitors. This is 25% above median its historical median of 14.12. Over the past decade, Premier Investments' Return-on-Tangible-Asset has ranged from 9.20 to 23.81. According to the industry distribution chart, Premier Investments ranks #49 out of 1130 companies in the Retail - Cyclical industry, placing it in the top 4.3%.
Is Premier Investments' Return-on-Tangible-Asset too high?
Premier Investments' current Return-on-Tangible-Asset of 17.64% is 25% above median its 10-year median of 14.12. Over the past 10 years, this metric has ranged from a low of 9.20 to a high of 23.81. The Retail - Cyclical industry median Return-on-Tangible-Asset is 2.92. Premier Investments' value of 17.64% is 504.1% above this industry median. Based on the distribution chart, Premier Investments ranks #49 out of 1130 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Premier Investments has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Premier Investments' Return-on-Tangible-Asset compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Premier Investments ranks #49 out of 1130 companies for Return-on-Tangible-Asset. This places Premier Investments in the top 4% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.92. Premier Investments' value of 17.64% is 504.1% above this benchmark. Historically, Premier Investments' own Return-on-Tangible-Asset has ranged from 9.20 to 23.81 over the past decade. While the company's 10-year median is 14.12 vs. the industry median of 2.92, Premier Investments 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 Retail - Cyclical company?
The median Return-on-Tangible-Asset among Retail - Cyclical companies is 2.92, based on 1,130 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. Premier Investments's current Return-on-Tangible-Asset of 17.64% is 504.1% 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 Premier Investments and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Asset is 2.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Premier Investments's current Return-on-Tangible-Asset is 17.64%, which is 25% above median its own 10-year median of 14.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Premier Investments stock overvalued right now?
Based on GuruFocus' analysis, Premier Investments (ASX:PMV) is currently considered Modestly Overvalued. The stock's GF Value™ is A$11.99, compared to a current price of A$14.00 — trading 16.8% above its estimated fair value. The current Return-on-Tangible-Asset is 17.64%, which is 25% above median its 10-year median of 14.12 and 504.1% above the Retail - Cyclical industry median of 2.92. Premier Investments' overall GF Score™ is 77/100 with 4 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 Premier Investments (ASX:PMV), the current Return-on-Tangible-Asset is 17.64% as of Jan. 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 Premier Investments (ASX:PMV) Overvalued in 2026?
Based on GuruFocus' analysis, Premier Investments stock appears to be overvalued.
The current stock price of A$14.00 is trading 16.8% above its estimated GF Value™ of A$11.99.
GuruFocus considers Premier Investments to be Modestly Overvalued.
Key valuation signals for ASX:PMV:
Return-on-Tangible-Asset: 17.64% (25% above median its 10-year median of 14.12)
GF Value™: A$11.99 vs. price of A$14.00 (16.8% above fair value)
Industry Position: 504.1% above the Retail - Cyclical median (#49 of 1130)
No single metric tells the full story. See the ASX:PMV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Premier Investments owns two global retail brands. While Smiggle has been operating outside of its core Australian and New Zealand markets for many years, the more prolific fashion brand Peter Alexander only recently entered the United Kingdom. The unique Smiggle brand retails children's stationery in Australia and overseas markets. Premier materially restructured in 2025, merging its five core apparel brands with department store Myer. It distributed its Myer equity stake to its shareholders with an in-specie capital reduction and dividend.Premier is also a significant shareholder in Australia-listed Breville Group.
77GF Score
Get the complete analysis for ASX:PMV
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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