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WCM Global GrowthASX:WQG -0.93%45 Return-on-Tangible-Asset is 16.33% as of Jun. 2026, which is 28% above its 10-year median of 12.76. GuruFocus rates ASX:WQG with a GF Score™ of 45/100 and a GF Value™ of A$1.78 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,631 Asset Management companies, WCM Global Growth ranks better than 69.28% 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. WCM Global Growth's annualizedNet Income for the quarter that ended in Jun. 2026 was A$87.7 Mil. WCM Global Growth's average total tangible assets for the quarter that ended in Jun. 2026 was A$537.1 Mil. Therefore, WCM Global Growth's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 16.33%.
The historical rank and industry rank for WCM Global Growth's Return-on-Tangible-Asset or its related term are showing as below:
ASX:WQG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -17.14 Med: 12.76 Max: 18.08
Current: 9.93
During the past 9 years, WCM Global Growth's highest Return-on-Tangible-Asset was 18.08%. The lowest was -17.14%. And the median was 12.76%.
ASX:WQG's Return-on-Tangible-Asset is ranked better than 69.28% of 1631
companies
in the Asset Management industry
Industry Median: 4.67
vs ASX:WQG: 9.93
WCM Global Growth (ASX:WQG) 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.
WCM Global Growth Return-on-Tangible-Asset Related Terms
WCM Global Growth Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for WCM Global Growth'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:WQG vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, WCM Global Growth'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.
WCM Global Growth Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, WCM Global Growth's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where WCM Global Growth'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 16.33% mean?
WCM Global Growth (ASX:WQG) has a Return-on-Tangible-Asset of 16.33% 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 WCM Global Growth and its competitors. This is 28% above median its historical median of 12.76. According to the industry distribution chart, WCM Global Growth ranks #501 out of 1631 companies in the Asset Management industry, placing it in the top 30.7%.
Is WCM Global Growth's Return-on-Tangible-Asset too high?
WCM Global Growth's current Return-on-Tangible-Asset of 16.33% is 28% above median its 10-year median of 12.76. The Asset Management industry median Return-on-Tangible-Asset is 4.67. WCM Global Growth's value of 16.33% is 249.7% above this industry median. Based on the distribution chart, WCM Global Growth ranks #501 out of 1631 companies in the Asset Management industry, which is above the industry midpoint. Overall, WCM Global Growth has a GF Score™ of 45/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does WCM Global Growth's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, WCM Global Growth ranks #501 out of 1631 companies for Return-on-Tangible-Asset. This puts WCM Global Growth in the upper half of its industry. The industry median Return-on-Tangible-Asset is 4.67. WCM Global Growth's value of 16.33% is 249.7% above this benchmark. While the company's 10-year median is 12.76 vs. the industry median of 4.67, WCM Global Growth 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 4.67, based on 1,631 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. WCM Global Growth's current Return-on-Tangible-Asset of 16.33% is 249.7% 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 WCM Global Growth and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WCM Global Growth's current Return-on-Tangible-Asset is 16.33%, which is 28% above median its own 10-year median of 12.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WCM Global Growth stock overvalued right now?
Based on GuruFocus' analysis, WCM Global Growth (ASX:WQG) is currently considered Modestly Overvalued. The stock's GF Value™ is A$1.78, compared to a current price of A$2.12 — trading 19.1% above its estimated fair value. The current Return-on-Tangible-Asset is 16.33%, which is 28% above median its 10-year median of 12.76 and 249.7% above the Asset Management industry median of 4.67. WCM Global Growth's overall GF Score™ is 45/100 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 WCM Global Growth (ASX:WQG), the current Return-on-Tangible-Asset is 16.33% 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 WCM Global Growth (ASX:WQG) Overvalued in 2026?
Based on GuruFocus' analysis, WCM Global Growth stock appears to be overvalued.
The current stock price of A$2.12 is trading 19.1% above its estimated GF Value™ of A$1.78.
GuruFocus considers WCM Global Growth to be Modestly Overvalued.
Key valuation signals for ASX:WQG:
Return-on-Tangible-Asset: 16.33% (28% above median its 10-year median of 12.76)
GF Value™: A$1.78 vs. price of A$2.12 (19.1% above fair value)
Industry Position: 249.7% above the Asset Management median (#501 of 1631)
No single metric tells the full story. See the ASX:WQG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
WCM Global Growth Ltd is a financial services company that invests in a diversified portfolio of globally listed quality high-growth companies sourced from developed and emerging markets outside of Australia, with the primary objective of providing long term capital growth. The group operates solely in the business of investment in companies listed on share markets across the globe.
45GF Score
Get the complete analysis for ASX:WQG
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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