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Onward OpportunitiesLSE:ONWD 35 Return-on-Tangible-Asset is 23.27% as of Dec. 2025, which is 49% above its 10-year median of 15.64. GuruFocus rates LSE:ONWD with a GF Score™ of 35/100. The stock has 2 warning signs investors should review. Among 1,635 Asset Management companies, Onward Opportunities ranks better than 74.68% 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. Onward Opportunities's annualizedNet Income for the quarter that ended in Dec. 2025 was £8.89 Mil. Onward Opportunities's average total tangible assets for the quarter that ended in Dec. 2025 was £38.19 Mil. Therefore, Onward Opportunities's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 23.27%.
The historical rank and industry rank for Onward Opportunities's Return-on-Tangible-Asset or its related term are showing as below:
LSE:ONWD'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 11.57 Med: 15.64 Max: 19.71
Current: 12.04
During the past 3 years, Onward Opportunities's highest Return-on-Tangible-Asset was 19.71%. The lowest was 11.57%. And the median was 15.64%.
LSE:ONWD's Return-on-Tangible-Asset is ranked better than 74.68% of 1635
companies
in the Asset Management industry
Industry Median: 4.23
vs LSE:ONWD: 12.04
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.
Onward Opportunities Return-on-Tangible-Asset Related Terms
Onward Opportunities Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Onward Opportunities'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.
LSE:ONWD vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Onward Opportunities'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.
Onward Opportunities Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Onward Opportunities's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Onward Opportunities'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 23.27% mean?
Onward Opportunities (LSE:ONWD) has a Return-on-Tangible-Asset of 23.27% 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 Onward Opportunities and its competitors. This is 49% above median its historical median of 15.64. Over the past decade, Onward Opportunities' Return-on-Tangible-Asset has ranged from 11.57 to 19.71. According to the industry distribution chart, Onward Opportunities ranks #414 out of 1635 companies in the Asset Management industry, placing it in the top 25.3%.
Is Onward Opportunities' Return-on-Tangible-Asset too high?
Onward Opportunities' current Return-on-Tangible-Asset of 23.27% is 49% above median its 10-year median of 15.64. Over the past 10 years, this metric has ranged from a low of 11.57 to a high of 19.71. The Asset Management industry median Return-on-Tangible-Asset is 4.23. Onward Opportunities' value of 23.27% is 450.1% above this industry median. Based on the distribution chart, Onward Opportunities ranks #414 out of 1635 companies in the Asset Management industry, which is above the industry midpoint. Overall, Onward Opportunities has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Onward Opportunities' Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Onward Opportunities ranks #414 out of 1635 companies for Return-on-Tangible-Asset. This puts Onward Opportunities in the upper half of its industry. The industry median Return-on-Tangible-Asset is 4.23. Onward Opportunities' value of 23.27% is 450.1% above this benchmark. Historically, Onward Opportunities' own Return-on-Tangible-Asset has ranged from 11.57 to 19.71 over the past decade. While the company's 10-year median is 15.64 vs. the industry median of 4.23, Onward Opportunities 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. Onward Opportunities's current Return-on-Tangible-Asset of 23.27% is 450.1% 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 Onward Opportunities 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. Onward Opportunities's current Return-on-Tangible-Asset is 23.27%, which is 49% above median its own 10-year median of 15.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Onward Opportunities stock overvalued right now?
Onward Opportunities (LSE:ONWD) has a current Return-on-Tangible-Asset of 23.27%. The current Return-on-Tangible-Asset is 23.27%, which is 49% above median its 10-year median of 15.64 and 450.1% above the Asset Management industry median of 4.23. Onward Opportunities' overall GF Score™ is 35/100 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 Onward Opportunities (LSE:ONWD), the current Return-on-Tangible-Asset is 23.27% 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.
Onward Opportunities Ltd is a non-cellular (closed-ended) company limited by shares. The company's investment objective is to seek to generate risk-adjusted absolute returns for Shareholders through investments in smaller UK companies. Returns are expected to be principally derived from capital growth over a target three to five-year holding period with an appropriate investment risk diversification.
35GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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