ANZ Group HoldingsASX:ANZ +0.81%64 Return-on-Tangible-Equity is 11.16% as of Mar. 2026, which is 2% above its 10-year median of 10.98. GuruFocus rates ASX:ANZ with a GF Score™ of 64/100 and a GF Value™ of A$33.01 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,521 Banks companies, ANZ Group Holdings ranks worse than 62.98% 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. ANZ Group Holdings's annualized net income for the quarter that ended in Mar. 2026 was A$7,300 Mil. ANZ Group Holdings's average shareholder tangible equity for the quarter that ended in Mar. 2026 was A$65,416 Mil. Therefore, ANZ Group Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 11.16%.
The historical rank and industry rank for ANZ Group Holdings's Return-on-Tangible-Equity or its related term are showing as below:
ASX:ANZ'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.34 Med: 10.98 Max: 12.54
Current: 9
During the past 13 years, ANZ Group Holdings's highest Return-on-Tangible-Equity was 12.54%. The lowest was 6.34%. And the median was 10.98%.
ASX:ANZ's Return-on-Tangible-Equity is ranked worse than 62.98% of 1521
companies
in the Banks industry
Industry Median: 11.19
vs ASX:ANZ: 9.00
ANZ Group Holdings (ASX:ANZ) 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.
ANZ Group Holdings Return-on-Tangible-Equity Related Terms
ANZ Group Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for ANZ Group Holdings'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.
ANZ Group Holdings Return-on-Tangible-Equity Chart
ASX:ANZ vs JPM, BAC, WFC: Return-on-Tangible-Equity Comparison
For the Banks - Diversified subindustry, ANZ Group Holdings'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.
ANZ Group Holdings Return-on-Tangible-Equity vs Banks Industry
For the Banks industry and Financial Services sector, ANZ Group Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where ANZ Group Holdings'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 11.16% mean?
ANZ Group Holdings (ASX:ANZ) has a Return-on-Tangible-Equity of 11.16% 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 ANZ Group Holdings and its competitors. This is near median its historical median of 10.98. Over the past decade, ANZ Group Holdings' Return-on-Tangible-Equity has ranged from 6.34 to 12.54. According to the industry distribution chart, ANZ Group Holdings ranks #958 out of 1521 companies in the Banks industry, placing it in the top 63%.
Is ANZ Group Holdings' Return-on-Tangible-Equity too high?
ANZ Group Holdings' current Return-on-Tangible-Equity of 11.16% is near median its 10-year median of 10.98. Over the past 10 years, this metric has ranged from a low of 6.34 to a high of 12.54. The Banks industry median Return-on-Tangible-Equity is 11.19. ANZ Group Holdings' value of 11.16% is 0.3% below this industry median. Based on the distribution chart, ANZ Group Holdings ranks #958 out of 1521 companies in the Banks industry, which is below the industry midpoint. Overall, ANZ Group Holdings has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ANZ Group Holdings' Return-on-Tangible-Equity compare to JPM and BAC?
According to the Banks industry distribution chart, ANZ Group Holdings ranks #958 out of 1521 companies for Return-on-Tangible-Equity. This places ANZ Group Holdings in the lower half of its industry. The industry median Return-on-Tangible-Equity is 11.19. ANZ Group Holdings' value of 11.16% is 0.3% below this benchmark. Historically, ANZ Group Holdings' own Return-on-Tangible-Equity has ranged from 6.34 to 12.54 over the past decade. While the company's 10-year median is 10.98 vs. the industry median of 11.19, ANZ Group Holdings 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 a Banks company?
The median Return-on-Tangible-Equity among Banks companies is 11.19, based on 1,521 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. ANZ Group Holdings's current Return-on-Tangible-Equity of 11.16% is 0.3% 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 ANZ Group Holdings and its competitors. For the Banks industry, the median Return-on-Tangible-Equity is 11.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ANZ Group Holdings's current Return-on-Tangible-Equity is 11.16%, which is near median its own 10-year median of 10.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ANZ Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, ANZ Group Holdings (ASX:ANZ) is currently considered Fairly Valued. The stock's GF Value™ is A$33.01, compared to a current price of A$36.05 — trading 9.2% above its estimated fair value. The current Return-on-Tangible-Equity is 11.16%, which is near median its 10-year median of 10.98 and 0.3% below the Banks industry median of 11.19. ANZ Group Holdings' overall GF Score™ is 64/100 with 4 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 ANZ Group Holdings (ASX:ANZ), the current Return-on-Tangible-Equity is 11.16% 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 ANZ Group Holdings (ASX:ANZ) Overvalued in 2026?
Based on GuruFocus' analysis, ANZ Group Holdings stock appears to be overvalued.
The current stock price of A$36.05 is trading 9.2% above its estimated GF Value™ of A$33.01.
GuruFocus considers ANZ Group Holdings to be Fairly Valued.
Key valuation signals for ASX:ANZ:
Return-on-Tangible-Equity: 11.16% (near median its 10-year median of 10.98)
GF Value™: A$33.01 vs. price of A$36.05 (9.2% above fair value)
Industry Position: 0.3% below the Banks median (#958 of 1521)
No single metric tells the full story. See the ASX:ANZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ANZ Group is the owner of one of Australia's four major banks and provides retail, business, and institutional banking services to customers in Australia, New Zealand, and Asia-Pacific. The super-regional Asian strategy was de-emphasized, with management focusing on the higher-returning businesses in Australia and New Zealand. ANZ Bank still retains a tilt to its Asia-centric strategy, but is now more balanced, better capitalized and a simpler bank.
64GF Score
Get the complete analysis for ASX:ANZ
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