Ashley Services GroupASX:ASH -3.64%57 Return-on-Tangible-Equity is 67.93% as of Dec. 2025, which is 177% above its 10-year median of 24.51. GuruFocus rates ASX:ASH with a GF Score™ of 57/100 and a GF Value™ of A$0.24 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,009 Business Services companies, Ashley Services Group ranks better than 82.46% 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. Ashley Services Group's annualized net income for the quarter that ended in Dec. 2025 was A$6.9 Mil. Ashley Services Group's average shareholder tangible equity for the quarter that ended in Dec. 2025 was A$10.1 Mil. Therefore, Ashley Services Group's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 67.93%.
The historical rank and industry rank for Ashley Services Group's Return-on-Tangible-Equity or its related term are showing as below:
ASX:ASH'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -397.11 Med: 24.51 Max: 84.83
Current: 39.18
During the past 11 years, Ashley Services Group's highest Return-on-Tangible-Equity was 84.83%. The lowest was -397.11%. And the median was 24.51%.
ASX:ASH's Return-on-Tangible-Equity is ranked better than 82.46% of 1009
companies
in the Business Services industry
Industry Median: 10.57
vs ASX:ASH: 39.18
Ashley Services Group (ASX:ASH) 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.
Ashley Services Group Return-on-Tangible-Equity Related Terms
Ashley Services Group Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Ashley Services 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.
Ashley Services Group Return-on-Tangible-Equity Chart
ASX:ASH vs KFY, RHI, TNET: Return-on-Tangible-Equity Comparison
For the Staffing & Employment Services subindustry, Ashley Services 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.
Ashley Services Group Return-on-Tangible-Equity vs Business Services Industry
For the Business Services industry and Industrials sector, Ashley Services Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ashley Services 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 67.93% mean?
Ashley Services Group (ASX:ASH) has a Return-on-Tangible-Equity of 67.93% 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 Ashley Services Group and its competitors. This is 177% above median its historical median of 24.51. According to the industry distribution chart, Ashley Services Group ranks #177 out of 1009 companies in the Business Services industry, placing it in the top 17.5%.
Is Ashley Services Group's Return-on-Tangible-Equity too high?
Ashley Services Group's current Return-on-Tangible-Equity of 67.93% is 177% above median its 10-year median of 24.51. The Business Services industry median Return-on-Tangible-Equity is 10.57. Ashley Services Group's value of 67.93% is 542.7% above this industry median. Based on the distribution chart, Ashley Services Group ranks #177 out of 1009 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Ashley Services Group has a GF Score™ of 57/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ashley Services Group's Return-on-Tangible-Equity compare to KFY and RHI?
According to the Business Services industry distribution chart, Ashley Services Group ranks #177 out of 1009 companies for Return-on-Tangible-Equity. This places Ashley Services Group in the top 18% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 10.57. Ashley Services Group's value of 67.93% is 542.7% above this benchmark. While the company's 10-year median is 24.51 vs. the industry median of 10.57, Ashley Services Group 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 10.57, 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. Ashley Services Group's current Return-on-Tangible-Equity of 67.93% is 542.7% 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 Ashley Services Group and its competitors. For the Business Services industry, the median Return-on-Tangible-Equity is 10.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ashley Services Group's current Return-on-Tangible-Equity is 67.93%, which is 177% above median its own 10-year median of 24.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ashley Services Group stock overvalued right now?
Based on GuruFocus' analysis, Ashley Services Group (ASX:ASH) is currently considered Fairly Valued. The stock's GF Value™ is A$0.24, compared to a current price of A$0.27 — trading 10.4% above its estimated fair value. The current Return-on-Tangible-Equity is 67.93%, which is 177% above median its 10-year median of 24.51 and 542.7% above the Business Services industry median of 10.57. Ashley Services Group's overall GF Score™ is 57/100 with 6 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 Ashley Services Group (ASX:ASH), the current Return-on-Tangible-Equity is 67.93% 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 Ashley Services Group (ASX:ASH) Overvalued in 2026?
Based on GuruFocus' analysis, Ashley Services Group stock appears to be overvalued.
The current stock price of A$0.27 is trading 10.4% above its estimated GF Value™ of A$0.24.
GuruFocus considers Ashley Services Group to be Fairly Valued.
Key valuation signals for ASX:ASH:
Return-on-Tangible-Equity: 67.93% (177% above median its 10-year median of 24.51)
GF Value™: A$0.24 vs. price of A$0.27 (10.4% above fair value)
Industry Position: 542.7% above the Business Services median (#177 of 1009)
No single metric tells the full story. See the ASX:ASH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ashley Services Group Ltd is engaged in staffing services. It is an integrated Labour Hire, Recruitment, and Training organization that has been delivering workforce management and business improvement programs. The group operates in two operating segments, namely Labour hire and Training. The group derives maximum revenue from providing Labour hire services. The organization operates in Australia.
57GF Score
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