Flagship InvestmentsASX:FSI 34 Return-on-Tangible-Equity is -1.53% as of Dec. 2025. GuruFocus rates ASX:FSI with a GF Score™ of 34/100. Among 1,588 Asset Management companies, Flagship Investments ranks worse than 78.59% 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. Flagship Investments's annualized net income for the quarter that ended in Dec. 2025 was A$-0.85 Mil. Flagship Investments's average shareholder tangible equity for the quarter that ended in Dec. 2025 was A$55.67 Mil. Therefore, Flagship Investments's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was -1.53%.
The historical rank and industry rank for Flagship Investments's Return-on-Tangible-Equity or its related term are showing as below:
ASX:FSI'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -4.02 Med: 1.1 Max: 4.57
Current: -0.67
During the past 13 years, Flagship Investments's highest Return-on-Tangible-Equity was 4.57%. The lowest was -4.02%. And the median was 1.10%.
ASX:FSI's Return-on-Tangible-Equity is ranked worse than 78.59% of 1588
companies
in the Asset Management industry
Industry Median: 7.165
vs ASX:FSI: -0.67
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.
Flagship Investments Return-on-Tangible-Equity Related Terms
Flagship Investments Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Flagship Investments'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:FSI vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Flagship Investments'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.
Flagship Investments Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Flagship Investments's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Flagship Investments'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 -1.53% mean?
Flagship Investments (ASX:FSI) has a Return-on-Tangible-Equity of -1.53% 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 Flagship Investments and its competitors. According to the industry distribution chart, Flagship Investments ranks #1248 out of 1588 companies in the Asset Management industry, placing it in the top 78.6%.
Is Flagship Investments' Return-on-Tangible-Equity too high?
Flagship Investments' current Return-on-Tangible-Equity is -1.53%. Based on the distribution chart, Flagship Investments ranks #1248 out of 1588 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Flagship Investments has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Flagship Investments' Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Flagship Investments ranks #1248 out of 1588 companies for Return-on-Tangible-Equity. This places Flagship Investments in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.17. 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 an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.17, based on 1,588 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. 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 Flagship Investments and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Flagship Investments's current Return-on-Tangible-Equity is -1.53%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flagship Investments stock overvalued right now?
Flagship Investments (ASX:FSI) has a current Return-on-Tangible-Equity of -1.53%. The current Return-on-Tangible-Equity is -1.53%. Flagship Investments' overall GF Score™ is 34/100. 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 Flagship Investments (ASX:FSI), the current Return-on-Tangible-Equity is -1.53% 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.
Flagship Investments Ltd is an investment company that provides its investors access to the portfolio of Australian growth companies. The company's investment objective is to achieve medium to long-term capital growth and income by investing in a diversified portfolio of Australian companies; to preserve and enhance the NTA backing per share after allowing for inflation; and to provide shareholders with a fully franked dividend, which will grow at a rate over the rate of inflation.
34GF Score
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