Aristocrat LeisureASX:ALL -2.11%93 Return-on-Tangible-Equity is 109.37% as of Mar. 2026, which is 48% above its 10-year median of 73.83. GuruFocus rates ASX:ALL with a GF Score™ of 93/100 and a GF Value™ of A$53.17 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 796 Travel & Leisure companies, Aristocrat Leisure ranks better than 86.68% 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. Aristocrat Leisure's annualized net income for the quarter that ended in Mar. 2026 was A$1,611 Mil. Aristocrat Leisure's average shareholder tangible equity for the quarter that ended in Mar. 2026 was A$1,473 Mil. Therefore, Aristocrat Leisure's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 109.37%.
The historical rank and industry rank for Aristocrat Leisure's Return-on-Tangible-Equity or its related term are showing as below:
ASX:ALL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 59.88 Med: 73.83 Max: 128.8
Current: 90.4
During the past 13 years, Aristocrat Leisure's highest Return-on-Tangible-Equity was 128.80%. The lowest was 59.88%. And the median was 73.83%.
ASX:ALL's Return-on-Tangible-Equity is ranked better than 86.68% of 796
companies
in the Travel & Leisure industry
Industry Median: 7.57
vs ASX:ALL: 90.40
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.
Aristocrat Leisure Return-on-Tangible-Equity Related Terms
Aristocrat Leisure Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Aristocrat Leisure'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:ALL vs FLUT, DKNG, SGHC: Return-on-Tangible-Equity Comparison
For the Gambling subindustry, Aristocrat Leisure'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.
Aristocrat Leisure Return-on-Tangible-Equity vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Aristocrat Leisure's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Aristocrat Leisure'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 (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 109.37% mean?
Aristocrat Leisure (ASX:ALL) has a Return-on-Tangible-Equity of 109.37% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Aristocrat Leisure and its competitors. This is 48% above median its historical median of 73.83. Over the past decade, Aristocrat Leisure's Return-on-Tangible-Equity has ranged from 59.88 to 128.80. According to the industry distribution chart, Aristocrat Leisure ranks #106 out of 796 companies in the Travel & Leisure industry, placing it in the top 13.3%.
Is Aristocrat Leisure's Return-on-Tangible-Equity too high?
Aristocrat Leisure's current Return-on-Tangible-Equity of 109.37% is 48% above median its 10-year median of 73.83. Over the past 10 years, this metric has ranged from a low of 59.88 to a high of 128.80. The Travel & Leisure industry median Return-on-Tangible-Equity is 7.57. Aristocrat Leisure's value of 109.37% is 1344.8% above this industry median. Based on the distribution chart, Aristocrat Leisure ranks #106 out of 796 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Aristocrat Leisure has a GF Score™ of 93/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aristocrat Leisure's Return-on-Tangible-Equity compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, Aristocrat Leisure ranks #106 out of 796 companies for Return-on-Tangible-Equity. This places Aristocrat Leisure in the top 13% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.57. Aristocrat Leisure's value of 109.37% is 1344.8% above this benchmark. Historically, Aristocrat Leisure's own Return-on-Tangible-Equity has ranged from 59.88 to 128.80 over the past decade. While the company's 10-year median is 73.83 vs. the industry median of 7.57, Aristocrat Leisure 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-Equity for a Travel & Leisure company?
The median Return-on-Tangible-Equity among Travel & Leisure companies is 7.57, based on 796 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. Aristocrat Leisure's current Return-on-Tangible-Equity of 109.37% is 1344.8% 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 Aristocrat Leisure and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Equity is 7.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aristocrat Leisure's current Return-on-Tangible-Equity is 109.37%, which is 48% above median its own 10-year median of 73.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aristocrat Leisure stock overvalued right now?
Based on GuruFocus' analysis, Aristocrat Leisure (ASX:ALL) is currently considered Modestly Overvalued. The stock's GF Value™ is A$53.17, compared to a current price of A$59.98 — trading 12.8% above its estimated fair value. The current Return-on-Tangible-Equity is 109.37%, which is 48% above median its 10-year median of 73.83 and 1344.8% above the Travel & Leisure industry median of 7.57. Aristocrat Leisure's overall GF Score™ is 93/100 with 1 warning sign 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 Aristocrat Leisure (ASX:ALL), the current Return-on-Tangible-Equity is 109.37% as of Mar. 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 Aristocrat Leisure (ASX:ALL) Overvalued in 2026?
Based on GuruFocus' analysis, Aristocrat Leisure stock appears to be overvalued.
The current stock price of A$59.98 is trading 12.8% above its estimated GF Value™ of A$53.17.
GuruFocus considers Aristocrat Leisure to be Modestly Overvalued.
Key valuation signals for ASX:ALL:
Return-on-Tangible-Equity: 109.37% (48% above median its 10-year median of 73.83)
GF Value™: A$53.17 vs. price of A$59.98 (12.8% above fair value)
Industry Position: 1344.8% above the Travel & Leisure median (#106 of 796)
No single metric tells the full story. See the ASX:ALL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aristocrat Leisure is an electronic gaming machine manufacturer that sells machines to pubs, clubs, and casinos. The firm is licensed in all Australian states and territories, North American jurisdictions, and essentially every major country. Aristocrat is one of the top three largest players in the space along with International Game Technology and Light & Wonder. The company also develops and distributes mobile games, principally in the social casino niche. The more nascent iGaming business sits between these two businesses, providing digital content and capabilities to real-money gaming providers.
93GF Score
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