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First AcceptanceFACO 68 Return-on-Tangible-Asset is 3.80% as of Mar. 2026, which is 160% above its 10-year median of 1.46. GuruFocus rates FACO with a GF Score™ of 68/100 and a GF Value™ of $4.41 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 506 Insurance companies, First Acceptance ranks better than 69.37% 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. First Acceptance's annualizedNet Income for the quarter that ended in Mar. 2026 was $32.8 Mil. First Acceptance's average total tangible assets for the quarter that ended in Mar. 2026 was $861.6 Mil. Therefore, First Acceptance's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.80%.
The historical rank and industry rank for First Acceptance's Return-on-Tangible-Asset or its related term are showing as below:
FACO'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -8.05 Med: 1.46 Max: 16.83
Current: 4.42
During the past 13 years, First Acceptance's highest Return-on-Tangible-Asset was 16.83%. The lowest was -8.05%. And the median was 1.46%.
FACO's Return-on-Tangible-Asset is ranked better than 69.37% of 506
companies
in the Insurance industry
Industry Median: 2.745
vs FACO: 4.42
First Acceptance (OTCPK:FACO) 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.
First Acceptance Return-on-Tangible-Asset Related Terms
First Acceptance Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for First Acceptance'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.
FACO vs JRVR, OSG, MBI: Return-on-Tangible-Asset Comparison
For the Insurance - Specialty subindustry, First Acceptance'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.
First Acceptance Return-on-Tangible-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, First Acceptance's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where First Acceptance'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 3.80% mean?
First Acceptance (FACO) has a Return-on-Tangible-Asset of 3.80% 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 First Acceptance and its competitors. This is 160% above median its historical median of 1.46. According to the industry distribution chart, First Acceptance ranks #155 out of 506 companies in the Insurance industry, placing it in the top 30.6%.
Is First Acceptance's Return-on-Tangible-Asset too high?
First Acceptance's current Return-on-Tangible-Asset of 3.80% is 160% above median its 10-year median of 1.46. The Insurance industry median Return-on-Tangible-Asset is 2.75. First Acceptance's value of 3.80% is 38.4% above this industry median. Based on the distribution chart, First Acceptance ranks #155 out of 506 companies in the Insurance industry, which is above the industry midpoint. Overall, First Acceptance has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Acceptance's Return-on-Tangible-Asset compare to JRVR and OSG?
According to the Insurance industry distribution chart, First Acceptance ranks #155 out of 506 companies for Return-on-Tangible-Asset. This puts First Acceptance in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.75. First Acceptance's value of 3.80% is 38.4% above this benchmark. While the company's 10-year median is 1.46 vs. the industry median of 2.75, First Acceptance 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 Insurance company?
The median Return-on-Tangible-Asset among Insurance companies is 2.75, based on 506 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. First Acceptance's current Return-on-Tangible-Asset of 3.80% is 38.4% 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 First Acceptance 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. First Acceptance's current Return-on-Tangible-Asset is 3.80%, which is 160% above median its own 10-year median of 1.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Acceptance stock overvalued right now?
Based on GuruFocus' analysis, First Acceptance (FACO) is currently considered Modestly Overvalued. The stock's GF Value™ is $4.41, compared to a current price of $5.41 — trading 22.7% above its estimated fair value. The current Return-on-Tangible-Asset is 3.80%, which is 160% above median its 10-year median of 1.46 and 38.4% above the Insurance industry median of 2.75. First Acceptance's overall GF Score™ is 68/100 with 6 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 First Acceptance (FACO), the current Return-on-Tangible-Asset is 3.80% 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 First Acceptance (FACO) Overvalued in 2026?
Based on GuruFocus' analysis, First Acceptance stock appears to be overvalued.
The current stock price of $5.41 is trading 22.7% above its estimated GF Value™ of $4.41.
GuruFocus considers First Acceptance to be Modestly Overvalued.
Key valuation signals for FACO:
Return-on-Tangible-Asset: 3.80% (160% above median its 10-year median of 1.46)
GF Value™: $4.41 vs. price of $5.41 (22.7% above fair value)
Industry Position: 38.4% above the Insurance median (#155 of 506)
No single metric tells the full story. See the FACO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Acceptance Corp is engaged in the financial services sector. It is principally a retailer, servicer, and underwriter of non-standard personal automobile insurance. The company's operations generate revenue from selling non-standard personal automobile insurance products and related products in the United States. Its suite of products comprises auto insurance, renters, motorcycle, roadside assistance, and hospital insurance. the company also operates a real estate and corporate segment, which consists of the activities related to the disposition of foreclosed real estate held for sale, interest expenses associated with all debt, and other general corporate overhead expenses.
68GF Score
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