AvivaAIVAF 56 Return-on-Tangible-Equity is 10.08% as of Dec. 2025, which is 24% below its 10-year median of 13.24. GuruFocus rates AIVAF with a GF Score™ of 56/100 and a GF Value™ of $11.30 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 499 Insurance companies, Aviva ranks better than 73.55% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Aviva's annualized net income for the quarter that ended in Dec. 2025 was $605 Mil. Aviva's average shareholder tangible equity for the quarter that ended in Dec. 2025 was $6,001 Mil. Therefore, Aviva's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 10.08%.
The historical rank and industry rank for Aviva's Return-on-Tangible-Equity or its related term are showing as below:
AIVAF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -10.22 Med: 13.24 Max: 23.55
Current: 22.97
During the past 13 years, Aviva's highest Return-on-Tangible-Equity was 23.55%. The lowest was -10.22%. And the median was 13.24%.
AIVAF's Return-on-Tangible-Equity is ranked better than 73.55% of 499
companies
in the Insurance industry
Industry Median: 13.52
vs AIVAF: 22.97
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Aviva Return-on-Tangible-Equity Related Terms
Aviva Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Aviva's Return-on-Tangible-Equity 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.
AIVAF vs BRK.A, AIG, HIG: Return-on-Tangible-Equity Comparison
For the Insurance - Diversified subindustry, Aviva's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Aviva Return-on-Tangible-Equity vs Insurance Industry
For the Insurance industry and Financial Services sector, Aviva's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Aviva's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 10.08% mean?
Aviva (AIVAF) has a Return-on-Tangible-Equity of 10.08% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Aviva and its competitors. This is 24% below median its historical median of 13.24. According to the industry distribution chart, Aviva ranks #132 out of 499 companies in the Insurance industry, placing it in the top 26.5%.
Is Aviva's Return-on-Tangible-Equity too high?
Aviva's current Return-on-Tangible-Equity of 10.08% is 24% below median its 10-year median of 13.24. The Insurance industry median Return-on-Tangible-Equity is 13.52. Aviva's value of 10.08% is 25.4% below this industry median. Based on the distribution chart, Aviva ranks #132 out of 499 companies in the Insurance industry, which is above the industry midpoint. Overall, Aviva has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aviva's Return-on-Tangible-Equity compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Aviva ranks #132 out of 499 companies for Return-on-Tangible-Equity. This puts Aviva in the upper half of its industry. The industry median Return-on-Tangible-Equity is 13.52. Aviva's value of 10.08% is 25.4% below this benchmark. While the company's 10-year median is 13.24 vs. the industry median of 13.52, Aviva has consistently been below 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-Equity for an Insurance company?
The median Return-on-Tangible-Equity among Insurance companies is 13.52, based on 499 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aviva's current Return-on-Tangible-Equity of 10.08% is 25.4% below 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Aviva and its competitors. For the Insurance industry, the median Return-on-Tangible-Equity is 13.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aviva's current Return-on-Tangible-Equity is 10.08%, which is 24% below median its own 10-year median of 13.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aviva stock overvalued right now?
Based on GuruFocus' analysis, Aviva (AIVAF) is currently considered Modestly Undervalued. The stock's GF Value™ is $11.30, compared to a current price of $8.45 — trading 25.2% below its estimated fair value. The current Return-on-Tangible-Equity is 10.08%, which is 24% below median its 10-year median of 13.24 and 25.4% below the Insurance industry median of 13.52. Aviva's overall GF Score™ is 56/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Aviva (AIVAF), the current Return-on-Tangible-Equity is 10.08% 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 Aviva (AIVAF) Overvalued in 2026?
Based on GuruFocus' analysis, Aviva stock appears to be undervalued.
The current stock price of $8.45 is trading 25.2% below its estimated GF Value™ of $11.30.
GuruFocus considers Aviva to be Modestly Undervalued.
Key valuation signals for AIVAF:
Return-on-Tangible-Equity: 10.08% (24% below median its 10-year median of 13.24)
GF Value™: $11.30 vs. price of $8.45 (25.2% below fair value)
Industry Position: 25.4% below the Insurance median (#132 of 499)
No single metric tells the full story. See the AIVAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aviva is a multiline insurer listed on the London Stock Exchange. The company traces its roots back to the 17th century with the establishment of Hand in Hand. After the Great Fire of London, this mutual was formed to provide protection against fires. Hand in Hand was then acquired in 1905 by Commercial Union. Over the years, Hand in Hand insured London landmarks such as London Bridge, the British Museum, and Lambeth Palace. The life insurance part of Aviva began in the early part of the 18th century with the establishment of Amicable, also a mutual, but this time to protect widows and children against loss of life and loss of income.
56GF Score
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