Bell Financial GroupASX:BFG +2.07%58 Return-on-Tangible-Equity is 54.14% as of Dec. 2025, which is 48% above its 10-year median of 36.65. GuruFocus rates ASX:BFG with a GF Score™ of 58/100 and a GF Value™ of A$1.55 (Fairly Valued). The stock has 4 warning signs investors should review. Among 781 Capital Markets companies, Bell Financial Group ranks better than 88.48% 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. Bell Financial Group's annualized net income for the quarter that ended in Dec. 2025 was A$53.3 Mil. Bell Financial Group's average shareholder tangible equity for the quarter that ended in Dec. 2025 was A$98.5 Mil. Therefore, Bell Financial Group's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 54.14%.
The historical rank and industry rank for Bell Financial Group's Return-on-Tangible-Equity or its related term are showing as below:
ASX:BFG'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 27.17 Med: 36.65 Max: 60.19
Current: 36.99
During the past 13 years, Bell Financial Group's highest Return-on-Tangible-Equity was 60.19%. The lowest was 27.17%. And the median was 36.65%.
ASX:BFG's Return-on-Tangible-Equity is ranked better than 88.48% of 781
companies
in the Capital Markets industry
Industry Median: 6.52
vs ASX:BFG: 36.99
Bell Financial Group (ASX:BFG) 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.
Bell Financial Group Return-on-Tangible-Equity Related Terms
Bell Financial Group Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Bell Financial 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.
Bell Financial Group Return-on-Tangible-Equity Chart
ASX:BFG vs MS, GS, SCHW: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, Bell Financial 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.
Bell Financial Group Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Bell Financial Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Bell Financial 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 54.14% mean?
Bell Financial Group (ASX:BFG) has a Return-on-Tangible-Equity of 54.14% 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 Bell Financial Group and its competitors. This is 48% above median its historical median of 36.65. Over the past decade, Bell Financial Group's Return-on-Tangible-Equity has ranged from 27.17 to 60.19. According to the industry distribution chart, Bell Financial Group ranks #90 out of 781 companies in the Capital Markets industry, placing it in the top 11.5%.
Is Bell Financial Group's Return-on-Tangible-Equity too high?
Bell Financial Group's current Return-on-Tangible-Equity of 54.14% is 48% above median its 10-year median of 36.65. Over the past 10 years, this metric has ranged from a low of 27.17 to a high of 60.19. The Capital Markets industry median Return-on-Tangible-Equity is 6.52. Bell Financial Group's value of 54.14% is 730.4% above this industry median. Based on the distribution chart, Bell Financial Group ranks #90 out of 781 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Bell Financial Group has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bell Financial Group's Return-on-Tangible-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, Bell Financial Group ranks #90 out of 781 companies for Return-on-Tangible-Equity. This places Bell Financial Group in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.52. Bell Financial Group's value of 54.14% is 730.4% above this benchmark. Historically, Bell Financial Group's own Return-on-Tangible-Equity has ranged from 27.17 to 60.19 over the past decade. While the company's 10-year median is 36.65 vs. the industry median of 6.52, Bell Financial 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 Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.52, based on 781 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. Bell Financial Group's current Return-on-Tangible-Equity of 54.14% is 730.4% 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 Bell Financial Group and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bell Financial Group's current Return-on-Tangible-Equity is 54.14%, which is 48% above median its own 10-year median of 36.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bell Financial Group stock overvalued right now?
Based on GuruFocus' analysis, Bell Financial Group (ASX:BFG) is currently considered Fairly Valued. The stock's GF Value™ is A$1.55, compared to a current price of A$1.48 — trading 4.5% below its estimated fair value. The current Return-on-Tangible-Equity is 54.14%, which is 48% above median its 10-year median of 36.65 and 730.4% above the Capital Markets industry median of 6.52. Bell Financial Group's overall GF Score™ is 58/100 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 Bell Financial Group (ASX:BFG), the current Return-on-Tangible-Equity is 54.14% 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 Bell Financial Group (ASX:BFG) Overvalued in 2026?
Based on GuruFocus' analysis, Bell Financial Group stock appears to be undervalued.
The current stock price of A$1.48 is trading 4.5% below its estimated GF Value™ of A$1.55.
GuruFocus considers Bell Financial Group to be Fairly Valued.
Key valuation signals for ASX:BFG:
Return-on-Tangible-Equity: 54.14% (48% above median its 10-year median of 36.65)
GF Value™: A$1.55 vs. price of A$1.48 (4.5% below fair value)
Industry Position: 730.4% above the Capital Markets median (#90 of 781)
No single metric tells the full story. See the ASX:BFG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bell Financial Group Ltd is a capital market service provider based in Australia. It is engaged in providing stockbroking, investment, and financial advisory services to private, institutional, and corporate clients. The reporting segments of the company are: Technology & Platforms, Products & Services, and Broking. Maximum revenue is generated from the Broking segment, which includes traditional retail client broking (Retail client focus) and traditional wholesale client broking services (Institutional and Wholesale client focus). The Technology & Platforms segment includes proprietary technology and platforms, including online broking, and the Products & Services segment represents its margin lending, cash, portfolio administration, and superannuation solutions products and services.
58GF Score
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