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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. Equitable Financial's annualizedNet Income for the quarter that ended in Jun. 2023 was $3.59 Mil. Equitable Financial's average total tangible assets for the quarter that ended in Jun. 2023 was $466.58 Mil. Therefore, Equitable Financial's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2023 was 0.77%.
The historical rank and industry rank for Equitable Financial's Return-on-Tangible-Asset or its related term are showing as below:
EQFN's Return-on-Tangible-Asset is not ranked *
in the Banks industry.
Industry Median: 0.99 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
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.
Equitable Financial Return-on-Tangible-Asset Related Terms
Equitable Financial Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Equitable Financial'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.
EQFN vs TBBC, NUBC, GBNY: Return-on-Tangible-Asset Comparison
For the Banks - Regional subindustry, Equitable Financial'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.
Equitable Financial Return-on-Tangible-Asset vs Banks Industry
For the Banks industry and Financial Services sector, Equitable Financial's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Equitable Financial'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 one times the annual (Jun. 2023) net income data.
What does a Return-on-Tangible-Asset of 0.77% mean?
Equitable Financial (EQFN) has a Return-on-Tangible-Asset of 0.77% as of Jun. 2023. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Equitable Financial and its competitors.
Is Equitable Financial's Return-on-Tangible-Asset too high?
Equitable Financial's current Return-on-Tangible-Asset is 0.77%. The Banks industry median Return-on-Tangible-Asset is 0.99. Equitable Financial's value of 0.77% is 22.2% below this industry median. Overall, Equitable Financial has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Equitable Financial's Return-on-Tangible-Asset compare to TBBC and NUBC?
Equitable Financial's Return-on-Tangible-Asset of 0.77% can be compared against companies in the Banks industry. The industry median Return-on-Tangible-Asset is 0.99. Equitable Financial's value of 0.77% is 22.2% below this benchmark. 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 1,529 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. Equitable Financial's current Return-on-Tangible-Asset of 0.77% is 22.2% 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 Equitable Financial 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. Equitable Financial's current Return-on-Tangible-Asset is 0.77%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Equitable Financial stock overvalued right now?
Equitable Financial (EQFN) has a current Return-on-Tangible-Asset of 0.77%. The current Return-on-Tangible-Asset is 0.77% and 22.2% below the Banks industry median of 0.99. Equitable Financial's overall GF Score™ is 16/100. 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 Equitable Financial (EQFN), the current Return-on-Tangible-Asset is 0.77% as of Jun. 2023. 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.
Equitable Financial Corp is a holding company. The bank is engaged in the business of attracting deposits from the public and using those funds to originate commercial loans, agricultural loans, one- to four-family residential real estate loans and Other, these all activities are conducted through its main offices which are Located in Grand Island, North Platte, Omaha and Elkhorn, Nebraska. The Bank's primary services include accepting deposits, making loans, and investing in securities. It also provides Advisory services and wealth management.
16GF Score
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