Change FinancialASX:CCA Return-on-Tangible-Equity is 118.16% as of Dec. 2025. The stock has 2 warning signs investors should review. Among 2,470 Software companies, Change Financial ranks better than 82.39% 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. Change Financial's annualized net income for the quarter that ended in Dec. 2025 was A$1.80 Mil. Change Financial's average shareholder tangible equity for the quarter that ended in Dec. 2025 was A$1.52 Mil. Therefore, Change Financial's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 118.16%.
The historical rank and industry rank for Change Financial's Return-on-Tangible-Equity or its related term are showing as below:
ASX:CCA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -617.92 Med: -186.02 Max: 47.99
Current: 47.99
During the past 10 years, Change Financial's highest Return-on-Tangible-Equity was 47.99%. The lowest was -617.92%. And the median was -186.02%.
ASX:CCA's Return-on-Tangible-Equity is ranked better than 82.39% of 2470
companies
in the Software industry
Industry Median: 8.77
vs ASX:CCA: 47.99
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.
Change Financial Return-on-Tangible-Equity Related Terms
Change Financial Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Change Financial'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:CCA vs IBM, ACN, FISV: Return-on-Tangible-Equity Comparison
For the Information Technology Services subindustry, Change Financial'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.
Change Financial Return-on-Tangible-Equity vs Software Industry
For the Software industry and Technology sector, Change Financial's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Change Financial'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 118.16% mean?
Change Financial (ASX:CCA) has a Return-on-Tangible-Equity of 118.16% 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 Change Financial and its competitors. According to the industry distribution chart, Change Financial ranks #435 out of 2470 companies in the Software industry, placing it in the top 17.6%.
Is Change Financial's Return-on-Tangible-Equity too high?
Change Financial's current Return-on-Tangible-Equity is 118.16%. The Software industry median Return-on-Tangible-Equity is 8.77. Change Financial's value of 118.16% is 1247.3% above this industry median. Based on the distribution chart, Change Financial ranks #435 out of 2470 companies in the Software industry, which is in the top quartile — a strong position relative to peers.
How does Change Financial's Return-on-Tangible-Equity compare to IBM and ACN?
According to the Software industry distribution chart, Change Financial ranks #435 out of 2470 companies for Return-on-Tangible-Equity. This places Change Financial in the top 18% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.77. Change Financial's value of 118.16% is 1247.3% above this benchmark. 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 Software company?
The median Return-on-Tangible-Equity among Software companies is 8.77, based on 2,470 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. Change Financial's current Return-on-Tangible-Equity of 118.16% is 1247.3% 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 Change Financial and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 8.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Change Financial's current Return-on-Tangible-Equity is 118.16%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Change Financial stock overvalued right now?
Based on GuruFocus' analysis, Change Financial (ASX:CCA) is currently considered Modestly Undervalued. The stock's GF Value™ is A$0.09, compared to a current price of A$0.08 — trading 15.6% below its estimated fair value. The current Return-on-Tangible-Equity is 118.16% and 1247.3% above the Software industry median of 8.77. 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 Change Financial (ASX:CCA), the current Return-on-Tangible-Equity is 118.16% 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.
Change Financial Ltd is a fintech company. It develops payment processors and provides mobile banking services through its mobile application. The company operates in a single segment, that is the development and provision of card payment software and services. The company serves business and financial institutions.
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