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Donegal GroupDGICA +0.48%64 Return-on-Tangible-Asset is 1.91% as of Mar. 2026, which is 22% above its 10-year median of 1.56. GuruFocus rates DGICA with a GF Score™ of 64/100 and a GF Value™ of $14.07 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 507 Insurance companies, Donegal Group ranks worse than 50.3% 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. Donegal Group's annualizedNet Income for the quarter that ended in Mar. 2026 was $46.0 Mil. Donegal Group's average total tangible assets for the quarter that ended in Mar. 2026 was $2,411.1 Mil. Therefore, Donegal Group's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.91%.
The historical rank and industry rank for Donegal Group's Return-on-Tangible-Asset or its related term are showing as below:
DGICA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.84 Med: 1.56 Max: 3.37
Current: 2.74
During the past 13 years, Donegal Group's highest Return-on-Tangible-Asset was 3.37%. The lowest was -1.84%. And the median was 1.56%.
DGICA's Return-on-Tangible-Asset is ranked worse than 50.3% of 507
companies
in the Insurance industry
Industry Median: 2.75
vs DGICA: 2.74
Donegal Group (NAS:DGICA) 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.
Donegal Group Return-on-Tangible-Asset Related Terms
Donegal Group Return-on-Tangible-Asset Historical Data
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The historical data trend for Donegal 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.
DGICA vs HIPO, HRTG, ROOT: Return-on-Tangible-Asset Comparison
For the Insurance - Property & Casualty subindustry, Donegal 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.
Donegal Group Return-on-Tangible-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, Donegal Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Donegal 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 four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 1.91% mean?
Donegal Group (DGICA) has a Return-on-Tangible-Asset of 1.91% 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 Donegal Group and its competitors. This is 22% above median its historical median of 1.56. According to the industry distribution chart, Donegal Group ranks #255 out of 507 companies in the Insurance industry, placing it in the top 50.3%.
Is Donegal Group's Return-on-Tangible-Asset too high?
Donegal Group's current Return-on-Tangible-Asset of 1.91% is 22% above median its 10-year median of 1.56. The Insurance industry median Return-on-Tangible-Asset is 2.75. Donegal Group's value of 1.91% is 30.5% below this industry median. Based on the distribution chart, Donegal Group ranks #255 out of 507 companies in the Insurance industry, which is below the industry midpoint. Overall, Donegal Group has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Donegal Group's Return-on-Tangible-Asset compare to HIPO and HRTG?
According to the Insurance industry distribution chart, Donegal Group ranks #255 out of 507 companies for Return-on-Tangible-Asset. This places Donegal Group in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.75. Donegal Group's value of 1.91% is 30.5% below this benchmark. While the company's 10-year median is 1.56 vs. the industry median of 2.75, Donegal Group 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 an Insurance company?
The median Return-on-Tangible-Asset among Insurance companies is 2.75, based on 507 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. Donegal Group's current Return-on-Tangible-Asset of 1.91% is 30.5% 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 Donegal Group and its competitors. For the Insurance industry, the median Return-on-Tangible-Asset is 2.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Donegal Group's current Return-on-Tangible-Asset is 1.91%, which is 22% above median its own 10-year median of 1.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Donegal Group stock overvalued right now?
Based on GuruFocus' analysis, Donegal Group (DGICA) is currently considered Significantly Overvalued. The stock's GF Value™ is $14.07, compared to a current price of $18.71 — trading 33% above its estimated fair value. The current Return-on-Tangible-Asset is 1.91%, which is 22% above median its 10-year median of 1.56 and 30.5% below the Insurance industry median of 2.75. Donegal Group's overall GF Score™ is 64/100 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 Donegal Group (DGICA), the current Return-on-Tangible-Asset is 1.91% 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.
Is Donegal Group (DGICA) Overvalued in 2026?
Based on GuruFocus' analysis, Donegal Group stock appears to be overvalued.
The current stock price of $18.71 is trading 33% above its estimated GF Value™ of $14.07.
GuruFocus considers Donegal Group to be Significantly Overvalued.
Key valuation signals for DGICA:
Return-on-Tangible-Asset: 1.91% (22% above median its 10-year median of 1.56)
GF Value™: $14.07 vs. price of $18.71 (33% above fair value)
Industry Position: 30.5% below the Insurance median (#255 of 507)
No single metric tells the full story. See the DGICA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Donegal Group Inc is an insurance holding company whose insurance subsidiaries and affiliates offer property and casualty insurance in 21 Mid-Atlantic, Midwestern, Southern, and Southwestern states. It includes three segments: Investments Function, Commercial Lines of Insurance, and Personal Lines of Insurance. The majority of revenue is from the commercial Lines segment. The commercial Lines segment consists mainly of commercial automobile, commercial multi-peril, and workers' compensation policies.
64GF Score
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