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Sandon Capital InvestmentsASX:SNC +0.72%29 Return-on-Tangible-Asset is 4.70% as of Dec. 2025, which is 13% above its 10-year median of 4.17. GuruFocus rates ASX:SNC with a GF Score™ of 29/100 and a GF Value™ of A$0.71 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,635 Asset Management companies, Sandon Capital Investments ranks better than 62.26% 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. Sandon Capital Investments's annualizedNet Income for the quarter that ended in Dec. 2025 was A$8.48 Mil. Sandon Capital Investments's average total tangible assets for the quarter that ended in Dec. 2025 was A$180.21 Mil. Therefore, Sandon Capital Investments's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 4.70%.
The historical rank and industry rank for Sandon Capital Investments's Return-on-Tangible-Asset or its related term are showing as below:
ASX:SNC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -15.64 Med: 4.17 Max: 20.92
Current: 6.88
During the past 12 years, Sandon Capital Investments's highest Return-on-Tangible-Asset was 20.92%. The lowest was -15.64%. And the median was 4.17%.
ASX:SNC's Return-on-Tangible-Asset is ranked better than 62.26% of 1635
companies
in the Asset Management industry
Industry Median: 4.23
vs ASX:SNC: 6.88
Sandon Capital Investments (ASX:SNC) 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.
Sandon Capital Investments Return-on-Tangible-Asset Related Terms
Sandon Capital Investments 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.
Sandon Capital Investments Return-on-Tangible-Asset Chart
ASX:SNC vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Sandon Capital 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.
Sandon Capital Investments Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Sandon Capital Investments's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Sandon Capital 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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 4.70% mean?
Sandon Capital Investments (ASX:SNC) has a Return-on-Tangible-Asset of 4.70% 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 Sandon Capital Investments and its competitors. This is 13% above median its historical median of 4.17. According to the industry distribution chart, Sandon Capital Investments ranks #617 out of 1635 companies in the Asset Management industry, placing it in the top 37.7%.
Is Sandon Capital Investments' Return-on-Tangible-Asset too high?
Sandon Capital Investments' current Return-on-Tangible-Asset of 4.70% is 13% above median its 10-year median of 4.17. The Asset Management industry median Return-on-Tangible-Asset is 4.23. Sandon Capital Investments' value of 4.70% is 11.1% above this industry median. Based on the distribution chart, Sandon Capital Investments ranks #617 out of 1635 companies in the Asset Management industry, which is above the industry midpoint. Overall, Sandon Capital Investments has a GF Score™ of 29/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sandon Capital Investments' Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Sandon Capital Investments ranks #617 out of 1635 companies for Return-on-Tangible-Asset. This puts Sandon Capital Investments in the upper half of its industry. The industry median Return-on-Tangible-Asset is 4.23. Sandon Capital Investments' value of 4.70% is 11.1% above this benchmark. While the company's 10-year median is 4.17 vs. the industry median of 4.23, Sandon Capital 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 an Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.23, based on 1,635 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. Sandon Capital Investments's current Return-on-Tangible-Asset of 4.70% is 11.1% 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 Sandon Capital Investments and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sandon Capital Investments's current Return-on-Tangible-Asset is 4.70%, which is 13% above median its own 10-year median of 4.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sandon Capital Investments stock overvalued right now?
Based on GuruFocus' analysis, Sandon Capital Investments (ASX:SNC) is currently considered Fairly Valued. The stock's GF Value™ is A$0.71, compared to a current price of A$0.70 — trading 1.4% below its estimated fair value. The current Return-on-Tangible-Asset is 4.70%, which is 13% above median its 10-year median of 4.17 and 11.1% above the Asset Management industry median of 4.23. Sandon Capital Investments' overall GF Score™ is 29/100 with 5 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 Sandon Capital Investments (ASX:SNC), the current Return-on-Tangible-Asset is 4.70% 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 Sandon Capital Investments (ASX:SNC) Overvalued in 2026?
Based on GuruFocus' analysis, Sandon Capital Investments stock appears to be undervalued.
The current stock price of A$0.70 is trading 1.4% below its estimated GF Value™ of A$0.71.
GuruFocus considers Sandon Capital Investments to be Fairly Valued.
Key valuation signals for ASX:SNC:
Return-on-Tangible-Asset: 4.70% (13% above median its 10-year median of 4.17)
GF Value™: A$0.71 vs. price of A$0.70 (1.4% below fair value)
Industry Position: 11.1% above the Asset Management median (#617 of 1635)
No single metric tells the full story. See the ASX:SNC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sandon Capital Investments Ltd is an investment company. Its investment objectives are to preserve shareholder capital, deliver a positive absolute return over the medium term. and to provide shareholders with a growing stream of fully franked dividends. The company engages in investing activities, including cash, term deposits, equity, and debt instruments, and focuses on investing in small to medium-sized companies.
29GF Score
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