Lancashire HoldingsLCSHF 77 Return-on-Tangible-Asset is 8.27% as of Dec. 2025, which is 197% above its 10-year median of 2.78. GuruFocus rates LCSHF with a GF Score™ of 77/100 and a GF Value™ of $10.89 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 508 Insurance companies, Lancashire Holdings ranks better than 81.69% 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. Lancashire Holdings's annualizedNet Income for the quarter that ended in Dec. 2025 was $368 Mil. Lancashire Holdings's average total tangible assets for the quarter that ended in Dec. 2025 was $4,452 Mil. Therefore, Lancashire Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 8.27%.
The historical rank and industry rank for Lancashire Holdings's Return-on-Tangible-Asset or its related term are showing as below:
LCSHF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.57 Med: 2.78 Max: 8.93
Current: 6.6
During the past 13 years, Lancashire Holdings's highest Return-on-Tangible-Asset was 8.93%. The lowest was -2.57%. And the median was 2.78%.
LCSHF's Return-on-Tangible-Asset is ranked better than 81.69% of 508
companies
in the Insurance industry
Industry Median: 2.765
vs LCSHF: 6.60
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.
Lancashire Holdings Return-on-Tangible-Asset Related Terms
Lancashire Holdings Return-on-Tangible-Asset Historical Data
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The historical data trend for Lancashire 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.
LCSHF vs FNF, AXS, FAF: Return-on-Tangible-Asset Comparison
For the Insurance - Specialty subindustry, Lancashire 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.
Lancashire Holdings Return-on-Tangible-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, Lancashire Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Lancashire 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 8.27% mean?
Lancashire Holdings (LCSHF) has a Return-on-Tangible-Asset of 8.27% 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 Lancashire Holdings and its competitors. This is 197% above median its historical median of 2.78. According to the industry distribution chart, Lancashire Holdings ranks #93 out of 508 companies in the Insurance industry, placing it in the top 18.3%.
Is Lancashire Holdings' Return-on-Tangible-Asset too high?
Lancashire Holdings' current Return-on-Tangible-Asset of 8.27% is 197% above median its 10-year median of 2.78. The Insurance industry median Return-on-Tangible-Asset is 2.77. Lancashire Holdings' value of 8.27% is 199.1% above this industry median. Based on the distribution chart, Lancashire Holdings ranks #93 out of 508 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, Lancashire Holdings has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lancashire Holdings' Return-on-Tangible-Asset compare to FNF and AXS?
According to the Insurance industry distribution chart, Lancashire Holdings ranks #93 out of 508 companies for Return-on-Tangible-Asset. This places Lancashire Holdings in the top 18% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.77. Lancashire Holdings' value of 8.27% is 199.1% above this benchmark. While the company's 10-year median is 2.78 vs. the industry median of 2.77, Lancashire Holdings 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 an Insurance company?
The median Return-on-Tangible-Asset among Insurance companies is 2.77, based on 508 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. Lancashire Holdings's current Return-on-Tangible-Asset of 8.27% is 199.1% 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 Lancashire 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. Lancashire Holdings's current Return-on-Tangible-Asset is 8.27%, which is 197% above median its own 10-year median of 2.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lancashire Holdings stock overvalued right now?
Based on GuruFocus' analysis, Lancashire Holdings (LCSHF) is currently considered Modestly Undervalued. The stock's GF Value™ is $10.89, compared to a current price of $8.40 — trading 22.9% below its estimated fair value. The current Return-on-Tangible-Asset is 8.27%, which is 197% above median its 10-year median of 2.78 and 199.1% above the Insurance industry median of 2.77. Lancashire Holdings' overall GF Score™ is 77/100 with 7 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 Lancashire Holdings (LCSHF), the current Return-on-Tangible-Asset is 8.27% 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 Lancashire Holdings (LCSHF) Overvalued in 2026?
Based on GuruFocus' analysis, Lancashire Holdings stock appears to be undervalued.
The current stock price of $8.40 is trading 22.9% below its estimated GF Value™ of $10.89.
GuruFocus considers Lancashire Holdings to be Modestly Undervalued.
Key valuation signals for LCSHF:
Return-on-Tangible-Asset: 8.27% (197% above median its 10-year median of 2.78)
GF Value™: $10.89 vs. price of $8.40 (22.9% below fair value)
Industry Position: 199.1% above the Insurance median (#93 of 508)
No single metric tells the full story. See the LCSHF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lancashire Holdings Ltd is a provider of specialty reinsurance products with operations in London, Bermuda, the United States, and Australia. The company has two principal segments: reinsurance and insurance. The company generates the majority of its revenue from the Insurance segment. The Group's reinsurance segment comprises property reinsurance, specialty reinsurance, and casualty reinsurance. The insurance segment is usually written on a direct or facultative basis and comprises aviation insurance, casualty insurance, energy and marine insurance, property insurance, and specialty insurance. Geographically, the company generates the majority of its revenue from the United States and Canada.
77GF Score
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