ALSASX:ALQ +2.49%85 Return-on-Tangible-Equity is 711.56% as of Mar. 2026, which is 1599% above its 10-year median of 41.88. GuruFocus rates ASX:ALQ with a GF Score™ of 85/100 and a GF Value™ of A$18.99 (Modestly Overvalued). Among 1,009 Business Services companies, ALS ranks better than 99.8% 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. ALS's annualized net income for the quarter that ended in Mar. 2026 was A$354 Mil. ALS's average shareholder tangible equity for the quarter that ended in Mar. 2026 was A$50 Mil. Therefore, ALS's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 711.56%.
The historical rank and industry rank for ALS's Return-on-Tangible-Equity or its related term are showing as below:
ASX:ALQ'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 32.04 Med: 41.88 Max: 173.88
Current: Negative Tangible Equity
During the past 13 years, ALS's highest Return-on-Tangible-Equity was 173.88%. The lowest was 32.04%. And the median was 41.88%.
ASX:ALQ's Return-on-Tangible-Equity is ranked better than 99.8% of 1009
companies
in the Business Services industry
Industry Median: 10.56
vs ASX:ALQ: Negative Tangible Equity
ALS (ASX:ALQ) 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.
ALS Return-on-Tangible-Equity Related Terms
ALS Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for ALS'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:ALQ vs VRSK, EFX, BAH: Return-on-Tangible-Equity Comparison
For the Consulting Services subindustry, ALS'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.
ALS Return-on-Tangible-Equity vs Business Services Industry
For the Business Services industry and Industrials sector, ALS's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where ALS'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 711.56% mean?
ALS (ASX:ALQ) has a Return-on-Tangible-Equity of 711.56% 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 ALS and its competitors. This is 1599% above median its historical median of 41.88. Over the past decade, ALS's Return-on-Tangible-Equity has ranged from 32.04 to 173.88. According to the industry distribution chart, ALS ranks #2 out of 1009 companies in the Business Services industry, placing it in the top 0.2%.
Is ALS's Return-on-Tangible-Equity too high?
ALS's current Return-on-Tangible-Equity of 711.56% is 1599% above median its 10-year median of 41.88. Over the past 10 years, this metric has ranged from a low of 32.04 to a high of 173.88. The Business Services industry median Return-on-Tangible-Equity is 10.56. ALS's value of 711.56% is 6638.3% above this industry median. Based on the distribution chart, ALS ranks #2 out of 1009 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, ALS has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ALS's Return-on-Tangible-Equity compare to VRSK and EFX?
According to the Business Services industry distribution chart, ALS ranks #2 out of 1009 companies for Return-on-Tangible-Equity. This places ALS in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 10.56. ALS's value of 711.56% is 6638.3% above this benchmark. Historically, ALS's own Return-on-Tangible-Equity has ranged from 32.04 to 173.88 over the past decade. While the company's 10-year median is 41.88 vs. the industry median of 10.56, ALS 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 Business Services company?
The median Return-on-Tangible-Equity among Business Services companies is 10.56, based on 1,009 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. ALS's current Return-on-Tangible-Equity of 711.56% is 6638.3% 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-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 ALS and its competitors. For the Business Services industry, the median Return-on-Tangible-Equity is 10.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ALS's current Return-on-Tangible-Equity is 711.56%, which is 1599% above median its own 10-year median of 41.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ALS stock overvalued right now?
Based on GuruFocus' analysis, ALS (ASX:ALQ) is currently considered Modestly Overvalued. The stock's GF Value™ is A$18.99, compared to a current price of A$23.42 — trading 23.3% above its estimated fair value. The current Return-on-Tangible-Equity is 711.56%, which is 1599% above median its 10-year median of 41.88 and 6638.3% above the Business Services industry median of 10.56. ALS's overall GF Score™ is 85/100. 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 ALS (ASX:ALQ), the current Return-on-Tangible-Equity is 711.56% 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 ALS (ASX:ALQ) Overvalued in 2026?
Based on GuruFocus' analysis, ALS stock appears to be overvalued.
The current stock price of A$23.42 is trading 23.3% above its estimated GF Value™ of A$18.99.
GuruFocus considers ALS to be Modestly Overvalued.
Key valuation signals for ASX:ALQ:
Return-on-Tangible-Equity: 711.56% (1599% above median its 10-year median of 41.88)
GF Value™: A$18.99 vs. price of A$23.42 (23.3% above fair value)
Industry Position: 6638.3% above the Business Services median (#2 of 1009)
No single metric tells the full story. See the ASX:ALQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in the 1880s and listed on the ASX in 1952, ALS operates two divisions: commodities and life sciences. ALS commodities traditionally generated the majority of underlying earnings, providing geochemistry, metallurgy, inspection, and mine site services for the global mining industry. Expansion into environmental, pharmaceutical, and food testing areas has lessened earnings exposure to commodities.
85GF Score
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