Steadfast GroupASX:SDF 79 Return-on-Tangible-Asset is 7.50% as of Dec. 2025, which is 11% below its 10-year median of 8.38. GuruFocus rates ASX:SDF with a GF Score™ of 79/100 and a GF Value™ of A$6.56 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 509 Insurance companies, Steadfast Group ranks better than 91.75% 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. Steadfast Group's annualizedNet Income for the quarter that ended in Dec. 2025 was A$254 Mil. Steadfast Group's average total tangible assets for the quarter that ended in Dec. 2025 was A$3,386 Mil. Therefore, Steadfast Group's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 7.50%.
The historical rank and industry rank for Steadfast Group's Return-on-Tangible-Asset or its related term are showing as below:
ASX:SDF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -4.15 Med: 8.38 Max: 10.74
Current: 10.74
During the past 12 years, Steadfast Group's highest Return-on-Tangible-Asset was 10.74%. The lowest was -4.15%. And the median was 8.38%.
ASX:SDF's Return-on-Tangible-Asset is ranked better than 91.75% of 509
companies
in the Insurance industry
Industry Median: 2.79
vs ASX:SDF: 10.74
Steadfast Group (ASX:SDF) 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.
Steadfast Group Return-on-Tangible-Asset Related Terms
Steadfast Group Return-on-Tangible-Asset Historical Data
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The historical data trend for Steadfast Group'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:SDF vs MRSH, AON, AJG: Return-on-Tangible-Asset Comparison
For the Insurance Brokers subindustry, Steadfast Group'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.
Steadfast Group Return-on-Tangible-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, Steadfast Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Steadfast Group'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 7.50% mean?
Steadfast Group (ASX:SDF) has a Return-on-Tangible-Asset of 7.50% 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 Steadfast Group and its competitors. This is 11% below median its historical median of 8.38. According to the industry distribution chart, Steadfast Group ranks #42 out of 509 companies in the Insurance industry, placing it in the top 8.3%.
Is Steadfast Group's Return-on-Tangible-Asset too high?
Steadfast Group's current Return-on-Tangible-Asset of 7.50% is 11% below median its 10-year median of 8.38. The Insurance industry median Return-on-Tangible-Asset is 2.79. Steadfast Group's value of 7.50% is 168.8% above this industry median. Based on the distribution chart, Steadfast Group ranks #42 out of 509 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, Steadfast Group has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Steadfast Group's Return-on-Tangible-Asset compare to MRSH and AON?
According to the Insurance industry distribution chart, Steadfast Group ranks #42 out of 509 companies for Return-on-Tangible-Asset. This places Steadfast Group in the top 8% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.79. Steadfast Group's value of 7.50% is 168.8% above this benchmark. While the company's 10-year median is 8.38 vs. the industry median of 2.79, Steadfast Group 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 Insurance company?
The median Return-on-Tangible-Asset among Insurance companies is 2.79, based on 509 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. Steadfast Group's current Return-on-Tangible-Asset of 7.50% is 168.8% 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 Steadfast Group and its competitors. For the Insurance industry, the median Return-on-Tangible-Asset is 2.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Steadfast Group's current Return-on-Tangible-Asset is 7.50%, which is 11% below median its own 10-year median of 8.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steadfast Group stock overvalued right now?
Based on GuruFocus' analysis, Steadfast Group (ASX:SDF) is currently considered Modestly Undervalued. The stock's GF Value™ is A$6.56, compared to a current price of A$5.07 — trading 22.7% below its estimated fair value. The current Return-on-Tangible-Asset is 7.50%, which is 11% below median its 10-year median of 8.38 and 168.8% above the Insurance industry median of 2.79. Steadfast Group's overall GF Score™ is 79/100 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 Steadfast Group (ASX:SDF), the current Return-on-Tangible-Asset is 7.50% 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 Steadfast Group (ASX:SDF) Overvalued in 2026?
Based on GuruFocus' analysis, Steadfast Group stock appears to be undervalued.
The current stock price of A$5.07 is trading 22.7% below its estimated GF Value™ of A$6.56.
GuruFocus considers Steadfast Group to be Modestly Undervalued.
Key valuation signals for ASX:SDF:
Return-on-Tangible-Asset: 7.50% (11% below median its 10-year median of 8.38)
GF Value™: A$6.56 vs. price of A$5.07 (22.7% below fair value)
Industry Position: 168.8% above the Insurance median (#42 of 509)
No single metric tells the full story. See the ASX:SDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Steadfast Group is the largest general insurance broker network in Australia and New Zealand, with over 400 brokers and around 1,800 offices in Australia, New Zealand, Singapore, and London. Steadfast operates as both a broker and a consolidator via equity interests in insurance broker businesses, generating over AUD 12 billion of network broker gross written premium annually. Steadfast also co-owns and consolidates underwriting agencies and other complementary businesses.
79GF Score
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