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Fidelity Asian ValuesLSE:FAS +0.70%55 Return-on-Tangible-Asset is 19.71% as of Jan. 2026, which is 118% above its 10-year median of 9.04. GuruFocus rates LSE:FAS with a GF Score™ of 55/100 and a GF Value™ of £11.85 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 1,635 Asset Management companies, Fidelity Asian Values ranks better than 83.85% 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. Fidelity Asian Values's annualizedNet Income for the quarter that ended in Jan. 2026 was £82.40 Mil. Fidelity Asian Values's average total tangible assets for the quarter that ended in Jan. 2026 was £418.01 Mil. Therefore, Fidelity Asian Values's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2026 was 19.71%.
The historical rank and industry rank for Fidelity Asian Values's Return-on-Tangible-Asset or its related term are showing as below:
LSE:FAS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -18.45 Med: 9.04 Max: 32.17
Current: 17.87
During the past 13 years, Fidelity Asian Values's highest Return-on-Tangible-Asset was 32.17%. The lowest was -18.45%. And the median was 9.04%.
LSE:FAS's Return-on-Tangible-Asset is ranked better than 83.85% of 1635
companies
in the Asset Management industry
Industry Median: 4.23
vs LSE:FAS: 17.87
Fidelity Asian Values (LSE:FAS) 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.
Fidelity Asian Values Return-on-Tangible-Asset Related Terms
Fidelity Asian Values Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Fidelity Asian Values'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.
Fidelity Asian Values Return-on-Tangible-Asset Chart
LSE:FAS vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Fidelity Asian Values'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.
Fidelity Asian Values Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Fidelity Asian Values's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Fidelity Asian Values'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 (Jan. 2026) net income data.
What does a Return-on-Tangible-Asset of 19.71% mean?
Fidelity Asian Values (LSE:FAS) has a Return-on-Tangible-Asset of 19.71% as of Jan. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Fidelity Asian Values and its competitors. This is 118% above median its historical median of 9.04. According to the industry distribution chart, Fidelity Asian Values ranks #264 out of 1635 companies in the Asset Management industry, placing it in the top 16.1%.
Is Fidelity Asian Values' Return-on-Tangible-Asset too high?
Fidelity Asian Values' current Return-on-Tangible-Asset of 19.71% is 118% above median its 10-year median of 9.04. The Asset Management industry median Return-on-Tangible-Asset is 4.23. Fidelity Asian Values' value of 19.71% is 366% above this industry median. Based on the distribution chart, Fidelity Asian Values ranks #264 out of 1635 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Fidelity Asian Values has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Fidelity Asian Values' Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Fidelity Asian Values ranks #264 out of 1635 companies for Return-on-Tangible-Asset. This places Fidelity Asian Values in the top 16% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.23. Fidelity Asian Values' value of 19.71% is 366% above this benchmark. While the company's 10-year median is 9.04 vs. the industry median of 4.23, Fidelity Asian Values 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 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. Fidelity Asian Values's current Return-on-Tangible-Asset of 19.71% is 366% 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 Fidelity Asian Values 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. Fidelity Asian Values's current Return-on-Tangible-Asset is 19.71%, which is 118% above median its own 10-year median of 9.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fidelity Asian Values stock overvalued right now?
Based on GuruFocus' analysis, Fidelity Asian Values (LSE:FAS) is currently considered Possible Value Trap. The stock's GF Value™ is £11.85, compared to a current price of £5.74 — trading 51.6% below its estimated fair value. The current Return-on-Tangible-Asset is 19.71%, which is 118% above median its 10-year median of 9.04 and 366% above the Asset Management industry median of 4.23. Fidelity Asian Values' overall GF Score™ is 55/100 with 2 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 Fidelity Asian Values (LSE:FAS), the current Return-on-Tangible-Asset is 19.71% as of Jan. 2026. 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 Fidelity Asian Values (LSE:FAS) Overvalued in 2026?
Based on GuruFocus' analysis, Fidelity Asian Values stock appears to be undervalued.
The current stock price of £5.74 is trading 51.6% below its estimated GF Value™ of £11.85.
GuruFocus considers Fidelity Asian Values to be Possible Value Trap.
Key valuation signals for LSE:FAS:
Return-on-Tangible-Asset: 19.71% (118% above median its 10-year median of 9.04)
GF Value™: £11.85 vs. price of £5.74 (51.6% below fair value)
Industry Position: 366% above the Asset Management median (#264 of 1635)
No single metric tells the full story. See the LSE:FAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fidelity Asian Values PLC is an investment trust that provides investment solutions and retirement expertise to institutions, individuals and their advisers. The company's objective is to achieve long-term capital growth principally from the stock markets of the Asian Region excluding Japan. The company invests across multiple sectors such as financials, consumer discretionary, industrials, consumer staples, materials, real estate, energy, healthcare, utilities, information technology, and communication services.
55GF Score
Get the complete analysis for LSE:FAS
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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