HUB24FRA:FSB -2.44%99 Return-on-Tangible-Asset is 47.61% as of Dec. 2025, which is 155% above its 10-year median of 18.65. GuruFocus rates FRA:FSB with a GF Score™ of 99/100 and a GF Value™ of €49.67. The stock has 1 warning sign investors should review. Among 819 Capital Markets companies, HUB24 ranks better than 98.53% 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. HUB24's annualizedNet Income for the quarter that ended in Dec. 2025 was €67.7 Mil. HUB24's average total tangible assets for the quarter that ended in Dec. 2025 was €142.3 Mil. Therefore, HUB24's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 47.61%.
The historical rank and industry rank for HUB24's Return-on-Tangible-Asset or its related term are showing as below:
FRA:FSB'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7.85 Med: 18.65 Max: 75.26
Current: 44.44
During the past 13 years, HUB24's highest Return-on-Tangible-Asset was 75.26%. The lowest was -7.85%. And the median was 18.65%.
FRA:FSB's Return-on-Tangible-Asset is ranked better than 98.53% of 819
companies
in the Capital Markets industry
Industry Median: 1.51
vs FRA:FSB: 44.44
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.
HUB24 Return-on-Tangible-Asset Related Terms
HUB24 Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for HUB24'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.
FRA:FSB vs MS, GS, SCHW: Return-on-Tangible-Asset Comparison
For the Capital Markets subindustry, HUB24'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.
HUB24 Return-on-Tangible-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, HUB24's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where HUB24'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 47.61% mean?
HUB24 (FRA:FSB) has a Return-on-Tangible-Asset of 47.61% 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 HUB24 and its competitors. This is 155% above median its historical median of 18.65. According to the industry distribution chart, HUB24 ranks #12 out of 819 companies in the Capital Markets industry, placing it in the top 1.5%.
Is HUB24's Return-on-Tangible-Asset too high?
HUB24's current Return-on-Tangible-Asset of 47.61% is 155% above median its 10-year median of 18.65. The Capital Markets industry median Return-on-Tangible-Asset is 1.51. HUB24's value of 47.61% is 3053% above this industry median. Based on the distribution chart, HUB24 ranks #12 out of 819 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, HUB24 has a GF Score™ of 99/100, reflecting its overall financial health beyond just this single metric.
How does HUB24's Return-on-Tangible-Asset compare to MS and GS?
According to the Capital Markets industry distribution chart, HUB24 ranks #12 out of 819 companies for Return-on-Tangible-Asset. This places HUB24 in the top 2% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.51. HUB24's value of 47.61% is 3053% above this benchmark. While the company's 10-year median is 18.65 vs. the industry median of 1.51, HUB24 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 Capital Markets company?
The median Return-on-Tangible-Asset among Capital Markets companies is 1.51, based on 819 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. HUB24's current Return-on-Tangible-Asset of 47.61% is 3053% 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 HUB24 and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Asset is 1.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HUB24's current Return-on-Tangible-Asset is 47.61%, which is 155% above median its own 10-year median of 18.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HUB24 stock overvalued right now?
HUB24 (FRA:FSB) has a current Return-on-Tangible-Asset of 47.61%. The stock's GF Value™ is €49.67, compared to a current price of €42.07 — trading 15.3% below its estimated fair value. The current Return-on-Tangible-Asset is 47.61%, which is 155% above median its 10-year median of 18.65 and 3053% above the Capital Markets industry median of 1.51. HUB24's overall GF Score™ is 99/100 with 1 warning sign 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 HUB24 (FRA:FSB), the current Return-on-Tangible-Asset is 47.61% 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 HUB24 (FRA:FSB) Overvalued in 2026?
Based on GuruFocus' analysis, HUB24 stock appears to be undervalued.
The current stock price of €42.07 is trading 15.3% below its estimated GF Value™ of €49.67.
Key valuation signals for FRA:FSB:
Return-on-Tangible-Asset: 47.61% (155% above median its 10-year median of 18.65)
GF Value™: €49.67 vs. price of €42.07 (15.3% below fair value)
Industry Position: 3053% above the Capital Markets median (#12 of 819)
No single metric tells the full story. See the FRA:FSB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hub24 is a diversified financial services business. The firm's core platform segment engages in the development and provision of custodial and noncustodial administration services to financial advisors, stockbrokers, accountants, and their clients. The tech solutions segment provides a range of technology and data services, as well as cloud-based software. Hub24 serves individuals, companies, trusts, associations, or self-managed superannuation funds. The firm has around 9.7% share of the Australian platform market, compared with the largest five providers with an average market share of 13.3% each.
99GF Score
Get the complete analysis for FRA:FSB
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:FSB has been successfully added to your 
