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Step One ClothingASX:STP 28 Return-on-Tangible-Asset is 8.81% as of Jun. 2026, which is 34% below its 10-year median of 13.33. GuruFocus rates ASX:STP with a GF Score™ of 28/100 and a GF Value™ of A$0.62 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,132 Retail - Cyclical companies, Step One Clothing ranks worse than 90.81% 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. Step One Clothing's annualizedNet Income for the quarter that ended in Jun. 2026 was A$4.23 Mil. Step One Clothing's average total tangible assets for the quarter that ended in Jun. 2026 was A$48.00 Mil. Therefore, Step One Clothing's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 8.81%.
The historical rank and industry rank for Step One Clothing's Return-on-Tangible-Asset or its related term are showing as below:
ASX:STP'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -12.06 Med: 13.33 Max: 20.16
Current: -12.06
During the past 6 years, Step One Clothing's highest Return-on-Tangible-Asset was 20.16%. The lowest was -12.06%. And the median was 13.33%.
ASX:STP's Return-on-Tangible-Asset is ranked worse than 90.81% of 1132
companies
in the Retail - Cyclical industry
Industry Median: 3.015
vs ASX:STP: -12.06
Step One Clothing (ASX:STP) 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.
Step One Clothing Return-on-Tangible-Asset Related Terms
Step One Clothing Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Step One Clothing'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:STP vs TJX, ROST, BURL: Return-on-Tangible-Asset Comparison
For the Apparel Retail subindustry, Step One Clothing'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.
Step One Clothing Return-on-Tangible-Asset vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Step One Clothing's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Step One Clothing'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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 8.81% mean?
Step One Clothing (ASX:STP) has a Return-on-Tangible-Asset of 8.81% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Step One Clothing and its competitors. This is 34% below median its historical median of 13.33. According to the industry distribution chart, Step One Clothing ranks #1028 out of 1132 companies in the Retail - Cyclical industry, placing it in the top 90.8%.
Is Step One Clothing's Return-on-Tangible-Asset too high?
Step One Clothing's current Return-on-Tangible-Asset of 8.81% is 34% below median its 10-year median of 13.33. The Retail - Cyclical industry median Return-on-Tangible-Asset is 3.02. Step One Clothing's value of 8.81% is 192.2% above this industry median. Based on the distribution chart, Step One Clothing ranks #1028 out of 1132 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Step One Clothing has a GF Score™ of 28/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Step One Clothing's Return-on-Tangible-Asset compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Step One Clothing ranks #1028 out of 1132 companies for Return-on-Tangible-Asset. This places Step One Clothing in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.02. Step One Clothing's value of 8.81% is 192.2% above this benchmark. While the company's 10-year median is 13.33 vs. the industry median of 3.02, Step One Clothing 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 3.02, based on 1,132 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. Step One Clothing's current Return-on-Tangible-Asset of 8.81% is 192.2% 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 Step One Clothing and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Asset is 3.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Step One Clothing's current Return-on-Tangible-Asset is 8.81%, which is 34% below median its own 10-year median of 13.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Step One Clothing stock overvalued right now?
Based on GuruFocus' analysis, Step One Clothing (ASX:STP) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.62, compared to a current price of A$0.13 — trading 79% below its estimated fair value. The current Return-on-Tangible-Asset is 8.81%, which is 34% below median its 10-year median of 13.33 and 192.2% above the Retail - Cyclical industry median of 3.02. Step One Clothing's overall GF Score™ is 28/100 with 3 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 Step One Clothing (ASX:STP), the current Return-on-Tangible-Asset is 8.81% as of Jun. 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 Step One Clothing (ASX:STP) Overvalued in 2026?
Based on GuruFocus' analysis, Step One Clothing stock appears to be undervalued.
The current stock price of A$0.13 is trading 79% below its estimated GF Value™ of A$0.62.
GuruFocus considers Step One Clothing to be Possible Value Trap.
Key valuation signals for ASX:STP:
Return-on-Tangible-Asset: 8.81% (34% below median its 10-year median of 13.33)
GF Value™: A$0.62 vs. price of A$0.13 (79% below fair value)
Industry Position: 192.2% above the Retail - Cyclical median (#1028 of 1132)
No single metric tells the full story. See the ASX:STP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Step One Clothing Ltd is a direct-to-consumer online retailer for men's undergarments. Its products comprise Boxer Brief, Trunks, and Boxer Breif+Fly. Its group is organized into three operating segments, being online retail sales for Australia, the United Kingdom, and the United States of America, however, these segments are aggregated into one reportable segment.
28GF Score
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