China Galaxy Securities CoFRA:CGL -1.86%78 Return-on-Tangible-Asset is 1.48% as of Dec. 2025, which is 9% below its 10-year median of 1.62. GuruFocus rates FRA:CGL with a GF Score™ of 78/100 and a GF Value™ of €0.89. The stock has 3 warning signs investors should review. Among 562 Diversified Financial Services companies, China Galaxy Securities Co ranks better than 65.12% 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. China Galaxy Securities Co's annualizedNet Income for the quarter that ended in Dec. 2025 was €1,463 Mil. China Galaxy Securities Co's average total tangible assets for the quarter that ended in Dec. 2025 was €98,844 Mil. Therefore, China Galaxy Securities Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 1.48%.
The historical rank and industry rank for China Galaxy Securities Co's Return-on-Tangible-Asset or its related term are showing as below:
FRA:CGL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.12 Med: 1.62 Max: 2.11
Current: 1.6
During the past 13 years, China Galaxy Securities Co's highest Return-on-Tangible-Asset was 2.11%. The lowest was 1.12%. And the median was 1.62%.
FRA:CGL's Return-on-Tangible-Asset is ranked better than 65.12% of 562
companies
in the Diversified Financial Services industry
Industry Median: 0.85
vs FRA:CGL: 1.60
China Galaxy Securities Co (FRA:CGL) 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.
China Galaxy Securities Co Return-on-Tangible-Asset Related Terms
China Galaxy Securities Co Return-on-Tangible-Asset Historical Data
* 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.
China Galaxy Securities Co Return-on-Tangible-Asset Chart
FRA:CGL vs VOYA, FRHC: Return-on-Tangible-Asset Comparison
For the Financial Conglomerates subindustry, China Galaxy Securities Co'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.
China Galaxy Securities Co Return-on-Tangible-Asset vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, China Galaxy Securities Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where China Galaxy Securities Co'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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 1.48% mean?
China Galaxy Securities Co (FRA:CGL) has a Return-on-Tangible-Asset of 1.48% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on China Galaxy Securities Co and its competitors. This is near median its historical median of 1.62. Over the past decade, China Galaxy Securities Co's Return-on-Tangible-Asset has ranged from 1.12 to 2.11. According to the industry distribution chart, China Galaxy Securities Co ranks #196 out of 562 companies in the Diversified Financial Services industry, placing it in the top 34.9%.
Is China Galaxy Securities Co's Return-on-Tangible-Asset too high?
China Galaxy Securities Co's current Return-on-Tangible-Asset of 1.48% is near median its 10-year median of 1.62. Over the past 10 years, this metric has ranged from a low of 1.12 to a high of 2.11. The Diversified Financial Services industry median Return-on-Tangible-Asset is 0.85. China Galaxy Securities Co's value of 1.48% is 74.1% above this industry median. Based on the distribution chart, China Galaxy Securities Co ranks #196 out of 562 companies in the Diversified Financial Services industry, which is above the industry midpoint. Overall, China Galaxy Securities Co has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does China Galaxy Securities Co's Return-on-Tangible-Asset compare to VOYA and FRHC?
According to the Diversified Financial Services industry distribution chart, China Galaxy Securities Co ranks #196 out of 562 companies for Return-on-Tangible-Asset. This puts China Galaxy Securities Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 0.85. China Galaxy Securities Co's value of 1.48% is 74.1% above this benchmark. Historically, China Galaxy Securities Co's own Return-on-Tangible-Asset has ranged from 1.12 to 2.11 over the past decade. While the company's 10-year median is 1.62 vs. the industry median of 0.85, China Galaxy Securities Co 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 a Diversified Financial Services company?
The median Return-on-Tangible-Asset among Diversified Financial Services companies is 0.85, based on 562 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. China Galaxy Securities Co's current Return-on-Tangible-Asset of 1.48% is 74.1% 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 China Galaxy Securities Co and its competitors. For the Diversified Financial Services industry, the median Return-on-Tangible-Asset is 0.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Galaxy Securities Co's current Return-on-Tangible-Asset is 1.48%, which is near median its own 10-year median of 1.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Galaxy Securities Co stock overvalued right now?
China Galaxy Securities Co (FRA:CGL) has a current Return-on-Tangible-Asset of 1.48%. The stock's GF Value™ is €0.89, compared to a current price of €0.79 — trading 11.2% below its estimated fair value. The current Return-on-Tangible-Asset is 1.48%, which is near median its 10-year median of 1.62 and 74.1% above the Diversified Financial Services industry median of 0.85. China Galaxy Securities Co's overall GF Score™ is 78/100 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 China Galaxy Securities Co (FRA:CGL), the current Return-on-Tangible-Asset is 1.48% as of Dec. 2025. 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 China Galaxy Securities Co (FRA:CGL) Overvalued in 2026?
Based on GuruFocus' analysis, China Galaxy Securities Co stock appears to be undervalued.
The current stock price of €0.79 is trading 11.2% below its estimated GF Value™ of €0.89.
Key valuation signals for FRA:CGL:
Return-on-Tangible-Asset: 1.48% (near median its 10-year median of 1.62)
GF Value™: €0.89 vs. price of €0.79 (11.2% below fair value)
Industry Position: 74.1% above the Diversified Financial Services median (#196 of 562)
No single metric tells the full story. See the FRA:CGL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Galaxy Securities Co Ltd is an integrated financial services provider in the Chinese securities industry. It is principally engaged in securities and futures brokerage, institutional sales and investment research, proprietary trading and other securities trading services, margin financing and securities lending, asset management and wealth management, and equity investment management. The company's segments include the wealth management business, investment banking business, institutional business, international business, investment trading business, and other parent-subsidiary integration business.
78GF Score
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