First ResourcesFSRCY 76 Return-on-Tangible-Asset is 15.70% as of Dec. 2025, which is 83% above its 10-year median of 8.59. GuruFocus rates FSRCY with a GF Score™ of 76/100 and a GF Value™ of $189.65 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,988 Consumer Packaged Goods companies, First Resources ranks better than 90.59% 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 Resources's annualizedNet Income for the quarter that ended in Dec. 2025 was $409 Mil. First Resources's average total tangible assets for the quarter that ended in Dec. 2025 was $2,607 Mil. Therefore, First Resources's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 15.70%.
The historical rank and industry rank for First Resources's Return-on-Tangible-Asset or its related term are showing as below:
FSRCY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.98 Med: 8.59 Max: 18.96
Current: 14.91
During the past 13 years, First Resources's highest Return-on-Tangible-Asset was 18.96%. The lowest was 5.98%. And the median was 8.59%.
FSRCY's Return-on-Tangible-Asset is ranked better than 90.59% of 1988
companies
in the Consumer Packaged Goods industry
Industry Median: 3.38
vs FSRCY: 14.91
First Resources (OTCPK:FSRCY) 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 Resources Return-on-Tangible-Asset Related Terms
First Resources Return-on-Tangible-Asset Historical Data
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The historical data trend for First Resources'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.
FSRCY vs KHC, GIS: Return-on-Tangible-Asset Comparison
For the Packaged Foods subindustry, First Resources'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 Resources Return-on-Tangible-Asset vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, First Resources's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where First Resources'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 15.70% mean?
First Resources (FSRCY) has a Return-on-Tangible-Asset of 15.70% 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 First Resources and its competitors. This is 83% above median its historical median of 8.59. Over the past decade, First Resources' Return-on-Tangible-Asset has ranged from 5.98 to 18.96. According to the industry distribution chart, First Resources ranks #187 out of 1988 companies in the Consumer Packaged Goods industry, placing it in the top 9.4%.
Is First Resources' Return-on-Tangible-Asset too high?
First Resources' current Return-on-Tangible-Asset of 15.70% is 83% above median its 10-year median of 8.59. Over the past 10 years, this metric has ranged from a low of 5.98 to a high of 18.96. The Consumer Packaged Goods industry median Return-on-Tangible-Asset is 3.38. First Resources' value of 15.70% is 364.5% above this industry median. Based on the distribution chart, First Resources ranks #187 out of 1988 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, First Resources has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Resources' Return-on-Tangible-Asset compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, First Resources ranks #187 out of 1988 companies for Return-on-Tangible-Asset. This places First Resources in the top 9% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.38. First Resources' value of 15.70% is 364.5% above this benchmark. Historically, First Resources' own Return-on-Tangible-Asset has ranged from 5.98 to 18.96 over the past decade. While the company's 10-year median is 8.59 vs. the industry median of 3.38, First Resources 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 Consumer Packaged Goods company?
The median Return-on-Tangible-Asset among Consumer Packaged Goods companies is 3.38, based on 1,988 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 Resources's current Return-on-Tangible-Asset of 15.70% is 364.5% 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 Resources and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Asset is 3.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Resources's current Return-on-Tangible-Asset is 15.70%, which is 83% above median its own 10-year median of 8.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Resources stock overvalued right now?
Based on GuruFocus' analysis, First Resources (FSRCY) is currently considered Modestly Overvalued. The stock's GF Value™ is $189.65, compared to a current price of $238.46 — trading 25.7% above its estimated fair value. The current Return-on-Tangible-Asset is 15.70%, which is 83% above median its 10-year median of 8.59 and 364.5% above the Consumer Packaged Goods industry median of 3.38. First Resources' overall GF Score™ is 76/100 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 First Resources (FSRCY), the current Return-on-Tangible-Asset is 15.70% 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 First Resources (FSRCY) Overvalued in 2026?
Based on GuruFocus' analysis, First Resources stock appears to be overvalued.
The current stock price of $238.46 is trading 25.7% above its estimated GF Value™ of $189.65.
GuruFocus considers First Resources to be Modestly Overvalued.
Key valuation signals for FSRCY:
Return-on-Tangible-Asset: 15.70% (83% above median its 10-year median of 8.59)
GF Value™: $189.65 vs. price of $238.46 (25.7% above fair value)
Industry Position: 364.5% above the Consumer Packaged Goods median (#187 of 1988)
No single metric tells the full story. See the FSRCY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Resources Ltd manages hectares of oil palm plantations located in Indonesia and mills fresh fruit bunches into crude palm oil and palm kernel. In addition, the group also processes crude palm oil and palm kernel into higher-value palm-based products such as refined, bleached, and deodorized olein and biodiesel. The operating segment of the company is Plantations, Palm Oil Mills & Refinery and Processing. The plantations and palm oil mills segment is principally involved in the cultivation and maintenance of oil palm plantations and the operation of palm oil mills. Refinery and processing segment markets and sells processed palm-based products produced from the refinery, fractionation and biodiesel plants, and other downstream processing facilities.
76GF Score
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