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Pioneer CreditASX:PNC 49 Return-on-Tangible-Asset is 5.20% as of Dec. 2025, which is 519% above its 10-year median of 0.84. GuruFocus rates ASX:PNC with a GF Score™ of 49/100 and a GF Value™ of A$0.53 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 546 Credit Services companies, Pioneer Credit ranks better than 73.44% 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. Pioneer Credit's annualizedNet Income for the quarter that ended in Dec. 2025 was A$20.36 Mil. Pioneer Credit's average total tangible assets for the quarter that ended in Dec. 2025 was A$391.66 Mil. Therefore, Pioneer Credit's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 5.20%.
The historical rank and industry rank for Pioneer Credit's Return-on-Tangible-Asset or its related term are showing as below:
ASX:PNC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -14.1 Med: 0.84 Max: 8.59
Current: 3.94
During the past 12 years, Pioneer Credit's highest Return-on-Tangible-Asset was 8.59%. The lowest was -14.10%. And the median was 0.84%.
ASX:PNC's Return-on-Tangible-Asset is ranked better than 73.44% of 546
companies
in the Credit Services industry
Industry Median: 1.93
vs ASX:PNC: 3.94
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.
Pioneer Credit Return-on-Tangible-Asset Related Terms
Pioneer Credit Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Pioneer Credit'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:PNC vs V, MA, AXP: Return-on-Tangible-Asset Comparison
For the Credit Services subindustry, Pioneer Credit'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.
Pioneer Credit Return-on-Tangible-Asset vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Pioneer Credit's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Pioneer Credit'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 5.20% mean?
Pioneer Credit (ASX:PNC) has a Return-on-Tangible-Asset of 5.20% 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 Pioneer Credit and its competitors. This is 519% above median its historical median of 0.84. According to the industry distribution chart, Pioneer Credit ranks #145 out of 546 companies in the Credit Services industry, placing it in the top 26.6%.
Is Pioneer Credit's Return-on-Tangible-Asset too high?
Pioneer Credit's current Return-on-Tangible-Asset of 5.20% is 519% above median its 10-year median of 0.84. The Credit Services industry median Return-on-Tangible-Asset is 1.93. Pioneer Credit's value of 5.20% is 169.4% above this industry median. Based on the distribution chart, Pioneer Credit ranks #145 out of 546 companies in the Credit Services industry, which is above the industry midpoint. Overall, Pioneer Credit has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pioneer Credit's Return-on-Tangible-Asset compare to V and MA?
According to the Credit Services industry distribution chart, Pioneer Credit ranks #145 out of 546 companies for Return-on-Tangible-Asset. This puts Pioneer Credit in the upper half of its industry. The industry median Return-on-Tangible-Asset is 1.93. Pioneer Credit's value of 5.20% is 169.4% above this benchmark. While the company's 10-year median is 0.84 vs. the industry median of 1.93, Pioneer Credit 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 Credit Services company?
The median Return-on-Tangible-Asset among Credit Services companies is 1.93, based on 546 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. Pioneer Credit's current Return-on-Tangible-Asset of 5.20% is 169.4% 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 Pioneer Credit and its competitors. For the Credit Services industry, the median Return-on-Tangible-Asset is 1.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pioneer Credit's current Return-on-Tangible-Asset is 5.20%, which is 519% above median its own 10-year median of 0.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pioneer Credit stock overvalued right now?
Based on GuruFocus' analysis, Pioneer Credit (ASX:PNC) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.53, compared to a current price of A$0.70 — trading 31.1% above its estimated fair value. The current Return-on-Tangible-Asset is 5.20%, which is 519% above median its 10-year median of 0.84 and 169.4% above the Credit Services industry median of 1.93. Pioneer Credit's overall GF Score™ is 49/100 with 10 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 Pioneer Credit (ASX:PNC), the current Return-on-Tangible-Asset is 5.20% 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 Pioneer Credit (ASX:PNC) Overvalued in 2026?
Based on GuruFocus' analysis, Pioneer Credit stock appears to be overvalued.
The current stock price of A$0.70 is trading 31.1% above its estimated GF Value™ of A$0.53.
GuruFocus considers Pioneer Credit to be Significantly Overvalued.
Key valuation signals for ASX:PNC:
Return-on-Tangible-Asset: 5.20% (519% above median its 10-year median of 0.84)
GF Value™: A$0.53 vs. price of A$0.70 (31.1% above fair value)
Industry Position: 169.4% above the Credit Services median (#145 of 546)
No single metric tells the full story. See the ASX:PNC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pioneer Credit Ltd provides financial services in Australia. Its primary business involves the acquisition and servicing of Purchased Debt Portfolios (PDPs). The company has launched its app, called Pioneer Path, which is a personal finance and budget management app that helps customers spend less, save more, and reduce debt.
49GF Score
Get the complete analysis for ASX:PNC
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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