FSA GroupASX:FSA -2.90%78 Return-on-Tangible-Equity is 16.35% as of Dec. 2025, which is 17% below its 10-year median of 19.71. GuruFocus rates ASX:FSA with a GF Score™ of 78/100 and a GF Value™ of A$1.43 (Fairly Valued). The stock has 10 warning signs investors should review. Among 525 Credit Services companies, FSA Group ranks better than 80.95% 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. FSA Group's annualized net income for the quarter that ended in Dec. 2025 was A$12.4 Mil. FSA Group's average shareholder tangible equity for the quarter that ended in Dec. 2025 was A$76.0 Mil. Therefore, FSA Group's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 16.35%.
The historical rank and industry rank for FSA Group's Return-on-Tangible-Equity or its related term are showing as below:
ASX:FSA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.03 Med: 19.71 Max: 31.76
Current: 17.06
During the past 13 years, FSA Group's highest Return-on-Tangible-Equity was 31.76%. The lowest was 10.03%. And the median was 19.71%.
ASX:FSA's Return-on-Tangible-Equity is ranked better than 80.95% of 525
companies
in the Credit Services industry
Industry Median: 7.01
vs ASX:FSA: 17.06
FSA Group (ASX:FSA) 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.
FSA Group Return-on-Tangible-Equity Related Terms
FSA Group Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for FSA 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.
ASX:FSA vs V, MA, AXP: Return-on-Tangible-Equity Comparison
For the Credit Services subindustry, FSA 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.
FSA Group Return-on-Tangible-Equity vs Credit Services Industry
For the Credit Services industry and Financial Services sector, FSA Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where FSA 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 16.35% mean?
FSA Group (ASX:FSA) has a Return-on-Tangible-Equity of 16.35% 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 FSA Group and its competitors. This is 17% below median its historical median of 19.71. Over the past decade, FSA Group's Return-on-Tangible-Equity has ranged from 10.03 to 31.76. According to the industry distribution chart, FSA Group ranks #100 out of 525 companies in the Credit Services industry, placing it in the top 19%.
Is FSA Group's Return-on-Tangible-Equity too high?
FSA Group's current Return-on-Tangible-Equity of 16.35% is 17% below median its 10-year median of 19.71. Over the past 10 years, this metric has ranged from a low of 10.03 to a high of 31.76. The Credit Services industry median Return-on-Tangible-Equity is 7.01. FSA Group's value of 16.35% is 133.2% above this industry median. Based on the distribution chart, FSA Group ranks #100 out of 525 companies in the Credit Services industry, which is in the top quartile — a strong position relative to peers. Overall, FSA Group has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does FSA Group's Return-on-Tangible-Equity compare to V and MA?
According to the Credit Services industry distribution chart, FSA Group ranks #100 out of 525 companies for Return-on-Tangible-Equity. This places FSA Group in the top 19% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.01. FSA Group's value of 16.35% is 133.2% above this benchmark. Historically, FSA Group's own Return-on-Tangible-Equity has ranged from 10.03 to 31.76 over the past decade. While the company's 10-year median is 19.71 vs. the industry median of 7.01, FSA 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 Credit Services company?
The median Return-on-Tangible-Equity among Credit Services companies is 7.01, based on 525 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. FSA Group's current Return-on-Tangible-Equity of 16.35% is 133.2% 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 FSA Group and its competitors. For the Credit Services industry, the median Return-on-Tangible-Equity is 7.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FSA Group's current Return-on-Tangible-Equity is 16.35%, which is 17% below median its own 10-year median of 19.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FSA Group stock overvalued right now?
Based on GuruFocus' analysis, FSA Group (ASX:FSA) is currently considered Fairly Valued. The stock's GF Value™ is A$1.43, compared to a current price of A$1.34 — trading 6.3% below its estimated fair value. The current Return-on-Tangible-Equity is 16.35%, which is 17% below median its 10-year median of 19.71 and 133.2% above the Credit Services industry median of 7.01. FSA Group's overall GF Score™ is 78/100 with 10 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 FSA Group (ASX:FSA), the current Return-on-Tangible-Equity is 16.35% 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 FSA Group (ASX:FSA) Overvalued in 2026?
Based on GuruFocus' analysis, FSA Group stock appears to be undervalued.
The current stock price of A$1.34 is trading 6.3% below its estimated GF Value™ of A$1.43.
GuruFocus considers FSA Group to be Fairly Valued.
Key valuation signals for ASX:FSA:
Return-on-Tangible-Equity: 16.35% (17% below median its 10-year median of 19.71)
GF Value™: A$1.43 vs. price of A$1.34 (6.3% below fair value)
Industry Position: 133.2% above the Credit Services median (#100 of 525)
No single metric tells the full story. See the ASX:FSA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FSA Group Ltd is an Australian company that provides credit services. It offers debt solutions and direct lending services to individuals and businesses. The company has divided its business into Home Loans and Asset Finance and Personal Loans and Others. The Home Loans and Asset Finance segment offers home loans to assist clients wishing to purchase a property or consolidate their debt, as well as asset finance for SMEs wishing to purchase a vehicle and business-critical equipment. Personal Loans offer car loans to assist clients in purchasing a motor vehicle and unsecured personal loans for any approved purpose. The company generates the majority of its revenue from Home Loans and Asset Finance.
78GF Score
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