Westpac BankingASX:WESSWG 67 Return-on-Tangible-Asset is 0.60% as of Mar. 2026, which is 13% below its 10-year median of 0.69. GuruFocus rates ASX:WESSWG with a GF Score™ of 67/100. The stock has 3 warning signs investors should review. Among 1,528 Banks companies, Westpac Banking ranks worse than 70.88% 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. Westpac Banking's annualizedNet Income for the quarter that ended in Mar. 2026 was A$6,828.00 Mil. Westpac Banking's average total tangible assets for the quarter that ended in Mar. 2026 was A$1,138,635.00 Mil. Therefore, Westpac Banking's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.60%.
The historical rank and industry rank for Westpac Banking's Return-on-Tangible-Asset or its related term are showing as below:
ASX:WESSWG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.26 Med: 0.69 Max: 0.96
Current: 0.63
During the past 13 years, Westpac Banking's highest Return-on-Tangible-Asset was 0.96%. The lowest was 0.26%. And the median was 0.69%.
ASX:WESSWG's Return-on-Tangible-Asset is ranked worse than 70.88% of 1528
companies
in the Banks industry
Industry Median: 0.99
vs ASX:WESSWG: 0.63
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.
Westpac Banking Return-on-Tangible-Asset Related Terms
Westpac Banking Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Westpac Banking'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:WESSWG vs JPM, BAC, WFC: Return-on-Tangible-Asset Comparison
For the Banks - Diversified subindustry, Westpac Banking'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.
Westpac Banking Return-on-Tangible-Asset vs Banks Industry
For the Banks industry and Financial Services sector, Westpac Banking's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Westpac Banking'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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 0.60% mean?
Westpac Banking (ASX:WESSWG) has a Return-on-Tangible-Asset of 0.60% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Westpac Banking and its competitors. This is 13% below median its historical median of 0.69. Over the past decade, Westpac Banking's Return-on-Tangible-Asset has ranged from 0.26 to 0.96. According to the industry distribution chart, Westpac Banking ranks #1083 out of 1528 companies in the Banks industry, placing it in the top 70.9%.
Is Westpac Banking's Return-on-Tangible-Asset too high?
Westpac Banking's current Return-on-Tangible-Asset of 0.60% is 13% below median its 10-year median of 0.69. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 0.96. The Banks industry median Return-on-Tangible-Asset is 0.99. Westpac Banking's value of 0.60% is 39.4% below this industry median. Based on the distribution chart, Westpac Banking ranks #1083 out of 1528 companies in the Banks industry, which is below the industry midpoint. Overall, Westpac Banking has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Westpac Banking's Return-on-Tangible-Asset compare to JPM and BAC?
According to the Banks industry distribution chart, Westpac Banking ranks #1083 out of 1528 companies for Return-on-Tangible-Asset. This places Westpac Banking in the lower half of its industry. The industry median Return-on-Tangible-Asset is 0.99. Westpac Banking's value of 0.60% is 39.4% below this benchmark. Historically, Westpac Banking's own Return-on-Tangible-Asset has ranged from 0.26 to 0.96 over the past decade. While the company's 10-year median is 0.69 vs. the industry median of 0.99, Westpac Banking has consistently been below 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 Banks company?
The median Return-on-Tangible-Asset among Banks companies is 0.99, based on 1,528 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. Westpac Banking's current Return-on-Tangible-Asset of 0.60% is 39.4% below 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 Westpac Banking and its competitors. For the Banks industry, the median Return-on-Tangible-Asset is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Westpac Banking's current Return-on-Tangible-Asset is 0.60%, which is 13% below median its own 10-year median of 0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Westpac Banking stock overvalued right now?
Westpac Banking (ASX:WESSWG) has a current Return-on-Tangible-Asset of 0.60%. The current Return-on-Tangible-Asset is 0.60%, which is 13% below median its 10-year median of 0.69 and 39.4% below the Banks industry median of 0.99. Westpac Banking's overall GF Score™ is 67/100 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 Westpac Banking (ASX:WESSWG), the current Return-on-Tangible-Asset is 0.60% as of Mar. 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.
Westpac is Australia's oldest bank and financial services group, with a significant franchise in Australia and New Zealand in the consumer, small business, corporate, and institutional sectors, in addition to its major presence in wealth management. Westpac is among a handful of banks around the globe currently retaining very high credit ratings. The bank benefits from a large national branch network and significant market share, particularly in home loans and retail deposits.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:WESSWG has been successfully added to your 