Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
FWD Group HoldingsFRA:O62 -0.66%30 Return-on-Tangible-Asset is 0.41% as of Dec. 2025. GuruFocus rates FRA:O62 with a GF Score™ of 30/100. The stock has 5 warning signs investors should review. Among 506 Insurance companies, FWD Group Holdings ranks worse than 86.96% 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. FWD Group Holdings's annualizedNet Income for the quarter that ended in Dec. 2025 was €203 Mil. FWD Group Holdings's average total tangible assets for the quarter that ended in Dec. 2025 was €49,624 Mil. Therefore, FWD Group Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 0.41%.
The historical rank and industry rank for FWD Group Holdings's Return-on-Tangible-Asset or its related term are showing as below:
FRA:O62'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.48 Med: -0.13 Max: 0.36
Current: 0.3
During the past 6 years, FWD Group Holdings's highest Return-on-Tangible-Asset was 0.36%. The lowest was -1.48%. And the median was -0.13%.
FRA:O62's Return-on-Tangible-Asset is ranked worse than 86.96% of 506
companies
in the Insurance industry
Industry Median: 2.77
vs FRA:O62: 0.30
FWD Group Holdings (FRA:O62) 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.
FWD Group Holdings Return-on-Tangible-Asset Related Terms
FWD Group Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for FWD Group Holdings'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:O62 vs AFL, MET, PRU: Return-on-Tangible-Asset Comparison
For the Insurance - Life subindustry, FWD Group Holdings'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.
FWD Group Holdings Return-on-Tangible-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, FWD Group Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where FWD Group Holdings'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 0.41% mean?
FWD Group Holdings (FRA:O62) has a Return-on-Tangible-Asset of 0.41% 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 FWD Group Holdings and its competitors. According to the industry distribution chart, FWD Group Holdings ranks #440 out of 506 companies in the Insurance industry, placing it in the top 87%.
Is FWD Group Holdings' Return-on-Tangible-Asset too high?
FWD Group Holdings' current Return-on-Tangible-Asset is 0.41%. The Insurance industry median Return-on-Tangible-Asset is 2.77. FWD Group Holdings' value of 0.41% is 85.2% below this industry median. Based on the distribution chart, FWD Group Holdings ranks #440 out of 506 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, FWD Group Holdings has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does FWD Group Holdings' Return-on-Tangible-Asset compare to AFL and MET?
According to the Insurance industry distribution chart, FWD Group Holdings ranks #440 out of 506 companies for Return-on-Tangible-Asset. This places FWD Group Holdings in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.77. FWD Group Holdings' value of 0.41% is 85.2% 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 an Insurance company?
The median Return-on-Tangible-Asset among Insurance companies is 2.77, 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. FWD Group Holdings's current Return-on-Tangible-Asset of 0.41% is 85.2% 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 FWD Group Holdings and its competitors. For the Insurance industry, the median Return-on-Tangible-Asset is 2.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FWD Group Holdings's current Return-on-Tangible-Asset is 0.41%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FWD Group Holdings stock overvalued right now?
FWD Group Holdings (FRA:O62) has a current Return-on-Tangible-Asset of 0.41%. The current Return-on-Tangible-Asset is 0.41% and 85.2% below the Insurance industry median of 2.77. FWD Group Holdings' overall GF Score™ is 30/100 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 FWD Group Holdings (FRA:O62), the current Return-on-Tangible-Asset is 0.41% 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.
FWD Group Holdings Ltd is a holding company. The Company and its subsidiaries are principally engaged in the provision of products and services focusing on life insurance, general insurance, and investment services (the Insurance Business). The operating segments of the company are each of the geographical markets in which the Operating Group operates, which are Hong Kong, Thailand, Japan, Emerging Markets & Corporate, and Others.
30GF Score
Get the complete analysis for FRA:O62
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:O62 has been successfully added to your 
