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Delegat GroupNZSE:DGL -2.33%83 Return-on-Tangible-Asset is 4.04% as of Dec. 2025, which is 38% below its 10-year median of 6.55. GuruFocus rates NZSE:DGL with a GF Score™ of 83/100 and a GF Value™ of NZ$5.15 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 212 Beverages - Alcoholic companies, Delegat Group ranks better than 59.91% 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. Delegat Group's annualizedNet Income for the quarter that ended in Dec. 2025 was NZ$45.6 Mil. Delegat Group's average total tangible assets for the quarter that ended in Dec. 2025 was NZ$1,128.9 Mil. Therefore, Delegat Group's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 4.04%.
The historical rank and industry rank for Delegat Group's Return-on-Tangible-Asset or its related term are showing as below:
NZSE:DGL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.88 Med: 6.55 Max: 8.7
Current: 5.28
During the past 13 years, Delegat Group's highest Return-on-Tangible-Asset was 8.70%. The lowest was 2.88%. And the median was 6.55%.
NZSE:DGL's Return-on-Tangible-Asset is ranked better than 59.91% of 212
companies
in the Beverages - Alcoholic industry
Industry Median: 3.1
vs NZSE:DGL: 5.28
Delegat Group (NZSE:DGL) 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.
Delegat Group Return-on-Tangible-Asset Related Terms
Delegat Group Return-on-Tangible-Asset Historical Data
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The historical data trend for Delegat Group'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.
NZSE:DGL vs BF.B: Return-on-Tangible-Asset Comparison
For the Beverages - Wineries & Distilleries subindustry, Delegat Group'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.
Delegat Group Return-on-Tangible-Asset vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Delegat Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Delegat Group'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 4.04% mean?
Delegat Group (NZSE:DGL) has a Return-on-Tangible-Asset of 4.04% 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 Delegat Group and its competitors. This is 38% below median its historical median of 6.55. Over the past decade, Delegat Group's Return-on-Tangible-Asset has ranged from 2.88 to 8.70. According to the industry distribution chart, Delegat Group ranks #85 out of 212 companies in the Beverages - Alcoholic industry, placing it in the top 40.1%.
Is Delegat Group's Return-on-Tangible-Asset too high?
Delegat Group's current Return-on-Tangible-Asset of 4.04% is 38% below median its 10-year median of 6.55. Over the past 10 years, this metric has ranged from a low of 2.88 to a high of 8.70. The Beverages - Alcoholic industry median Return-on-Tangible-Asset is 3.10. Delegat Group's value of 4.04% is 30.3% above this industry median. Based on the distribution chart, Delegat Group ranks #85 out of 212 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, Delegat Group has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Delegat Group's Return-on-Tangible-Asset compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Delegat Group ranks #85 out of 212 companies for Return-on-Tangible-Asset. This puts Delegat Group in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.10. Delegat Group's value of 4.04% is 30.3% above this benchmark. Historically, Delegat Group's own Return-on-Tangible-Asset has ranged from 2.88 to 8.70 over the past decade. While the company's 10-year median is 6.55 vs. the industry median of 3.10, Delegat Group 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 Beverages - Alcoholic company?
The median Return-on-Tangible-Asset among Beverages - Alcoholic companies is 3.10, based on 212 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. Delegat Group's current Return-on-Tangible-Asset of 4.04% is 30.3% 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 Delegat Group and its competitors. For the Beverages - Alcoholic industry, the median Return-on-Tangible-Asset is 3.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Delegat Group's current Return-on-Tangible-Asset is 4.04%, which is 38% below median its own 10-year median of 6.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Delegat Group stock overvalued right now?
Based on GuruFocus' analysis, Delegat Group (NZSE:DGL) is currently considered Modestly Undervalued. The stock's GF Value™ is NZ$5.15, compared to a current price of NZ$4.20 — trading 18.4% below its estimated fair value. The current Return-on-Tangible-Asset is 4.04%, which is 38% below median its 10-year median of 6.55 and 30.3% above the Beverages - Alcoholic industry median of 3.10. Delegat Group's overall GF Score™ is 83/100 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 Delegat Group (NZSE:DGL), the current Return-on-Tangible-Asset is 4.04% 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 Delegat Group (NZSE:DGL) Overvalued in 2026?
Based on GuruFocus' analysis, Delegat Group stock appears to be undervalued.
The current stock price of NZ$4.20 is trading 18.4% below its estimated GF Value™ of NZ$5.15.
GuruFocus considers Delegat Group to be Modestly Undervalued.
Key valuation signals for NZSE:DGL:
Return-on-Tangible-Asset: 4.04% (38% below median its 10-year median of 6.55)
GF Value™: NZ$5.15 vs. price of NZ$4.20 (18.4% below fair value)
Industry Position: 30.3% above the Beverages - Alcoholic median (#85 of 212)
No single metric tells the full story. See the NZSE:DGL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Delegat Group Ltd is a wine production and distribution company. It markets its products under the Oyster Bay and Barossa Valley Estate brands. The group's primary source of revenue is derived by providing wine to third-party retailers and distributors. Its segments are Delegat Limited, Delegat Australia Pty Ltd, Delegat Europe Limited, Delegat USA, Inc and Others. The group generates the majority of the revenue from Delegat Limited. Geographically, it operates in Australia, United States of America, New Zealand and Others.
83GF Score
Get the complete analysis for NZSE:DGL
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