ASF GroupASX:AFA Return-on-Tangible-Equity is 57.46% as of Dec. 2025. The stock has 8 warning signs investors should review. Among 779 Capital Markets companies, ASF Group ranks better than 99.87% 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. ASF Group's annualized net income for the quarter that ended in Dec. 2025 was A$1.08 Mil. ASF Group's average shareholder tangible equity for the quarter that ended in Dec. 2025 was A$1.88 Mil. Therefore, ASF Group's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 57.46%.
The historical rank and industry rank for ASF Group's Return-on-Tangible-Equity or its related term are showing as below:
ASX:AFA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -279000 Med: -142.59 Max: 47.74
Current: Negative Tangible Equity
During the past 13 years, ASF Group's highest Return-on-Tangible-Equity was 47.74%. The lowest was -279,000.00%. And the median was -142.59%.
ASX:AFA's Return-on-Tangible-Equity is ranked better than 99.87% of 779
companies
in the Capital Markets industry
Industry Median: 6.56
vs ASX:AFA: Negative Tangible Equity
ASF Group (ASX:AFA) Return-on-Tangible-Equity Explanation
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.
ASF Group Return-on-Tangible-Equity Related Terms
ASF Group Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for ASF Group'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.
ASX:AFA vs MS, GS, SCHW: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, ASF Group'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.
ASF Group Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, ASF Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where ASF Group'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 57.46% mean?
ASF Group (ASX:AFA) has a Return-on-Tangible-Equity of 57.46% 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 ASF Group and its competitors. According to the industry distribution chart, ASF Group ranks #1 out of 779 companies in the Capital Markets industry, placing it in the top 0.099999999999994%.
Is ASF Group's Return-on-Tangible-Equity too high?
ASF Group's current Return-on-Tangible-Equity is 57.46%. The Capital Markets industry median Return-on-Tangible-Equity is 6.56. ASF Group's value of 57.46% is 775.9% above this industry median. Based on the distribution chart, ASF Group ranks #1 out of 779 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers.
How does ASF Group's Return-on-Tangible-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, ASF Group ranks #1 out of 779 companies for Return-on-Tangible-Equity. This places ASF Group in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.56. ASF Group's value of 57.46% is 775.9% above this benchmark. 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 a Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.56, based on 779 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. ASF Group's current Return-on-Tangible-Equity of 57.46% is 775.9% 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-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 ASF Group and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASF Group's current Return-on-Tangible-Equity is 57.46%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASF Group stock overvalued right now?
Based on GuruFocus' analysis, ASF Group (ASX:AFA) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.02, compared to a current price of A$0.07 — trading 225% above its estimated fair value. The current Return-on-Tangible-Equity is 57.46% and 775.9% above the Capital Markets industry median of 6.56. 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 ASF Group (ASX:AFA), the current Return-on-Tangible-Equity is 57.46% 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.
ASF Group Ltd is a diversified investment company with an international outlook and a focus on the real estate, resources, technology and financial sectors. The entity operates in only one segment, being an investment and trading house.
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