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. Platinum Asset Management's annualizedNet Income for the quarter that ended in Jun. 2025 was €-10.91 Mil. Platinum Asset Management's average total tangible assets for the quarter that ended in Jun. 2025 was €141.36 Mil. Therefore, Platinum Asset Management's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2025 was -7.72%.
The historical rank and industry rank for Platinum Asset Management's Return-on-Tangible-Asset or its related term are showing as below:
FRA:PIJ'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.1 Med: 41.3 Max: 52.86
Current: 2.26
During the past 13 years, Platinum Asset Management's highest Return-on-Tangible-Asset was 52.86%. The lowest was 2.10%. And the median was 41.30%.
FRA:PIJ's Return-on-Tangible-Asset is not ranked
in the Asset Management industry.
Industry Median: 4.23
vs FRA:PIJ: 2.26
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.
Platinum Asset Management Return-on-Tangible-Asset Related Terms
Platinum Asset Management Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Platinum Asset Management'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:PIJ vs ETV, RQI, ETG: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Platinum Asset Management'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.
Platinum Asset Management Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Platinum Asset Management's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Platinum Asset Management'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 (Jun. 2025) net income data.
What does a Return-on-Tangible-Asset of -7.72% mean?
Platinum Asset Management (FRA:PIJ) has a Return-on-Tangible-Asset of -7.72% as of Jun. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Platinum Asset Management and its competitors. Over the past decade, Platinum Asset Management's Return-on-Tangible-Asset has ranged from 2.10 to 52.86.
Is Platinum Asset Management's Return-on-Tangible-Asset too high?
Platinum Asset Management's current Return-on-Tangible-Asset is -7.72%. Over the past 10 years, this metric has ranged from a low of 2.10 to a high of 52.86. Overall, Platinum Asset Management has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Platinum Asset Management's Return-on-Tangible-Asset compare to ETV and RQI?
Platinum Asset Management's Return-on-Tangible-Asset of -7.72% can be compared against companies in the Asset Management industry. The industry median Return-on-Tangible-Asset is 4.23. Historically, Platinum Asset Management's own Return-on-Tangible-Asset has ranged from 2.10 to 52.86 over the past decade. 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 Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.23, based on 1,635 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. 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 Platinum Asset Management and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Platinum Asset Management's current Return-on-Tangible-Asset is -7.72%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Platinum Asset Management stock overvalued right now?
Platinum Asset Management (FRA:PIJ) has a current Return-on-Tangible-Asset of -7.72%. The stock's GF Value™ is €0.37, compared to a current price of €0.38 — trading 3.2% above its estimated fair value. The current Return-on-Tangible-Asset is -7.72%. Platinum Asset Management's overall GF Score™ is 12/100 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 Platinum Asset Management (FRA:PIJ), the current Return-on-Tangible-Asset is -7.72% as of Jun. 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 Platinum Asset Management (FRA:PIJ) Overvalued in 2026?
Based on GuruFocus' analysis, Platinum Asset Management stock appears to be overvalued.
The current stock price of €0.38 is trading 3.2% above its estimated GF Value™ of €0.37.
Key valuation signals for FRA:PIJ:
Return-on-Tangible-Asset: -7.72%
GF Value™: €0.37 vs. price of €0.38 (3.2% above fair value)
No single metric tells the full story. See the FRA:PIJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
L1 Group was formed through the strategic merger of two Australian investment management firms: Platinum Asset Management, a Sydney-based international equities manager founded in 1994, and L1 Capital, a Melbourne-based boutique founded in 2007 with diversified capabilities across equities, alternatives, and property investments. The combined entity serves a diverse client base encompassing institutional investors, wholesale clients, high-net-worth individuals, and retail investors across both domestic and international markets. The firm has approximately AUD 17 billion in funds under management as of June 2025.
12GF Score
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