Heartland Group HoldingsASX:HGH 49 Return-on-Tangible-Equity is 9.91% as of Dec. 2025, which is 20% below its 10-year median of 12.44. GuruFocus rates ASX:HGH with a GF Score™ of 49/100 and a GF Value™ of A$0.92 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,521 Banks companies, Heartland Group Holdings ranks worse than 63.97% 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. Heartland Group Holdings's annualized net income for the quarter that ended in Dec. 2025 was A$86.6 Mil. Heartland Group Holdings's average shareholder tangible equity for the quarter that ended in Dec. 2025 was A$874.4 Mil. Therefore, Heartland Group Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 9.91%.
The historical rank and industry rank for Heartland Group Holdings's Return-on-Tangible-Equity or its related term are showing as below:
ASX:HGH'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.06 Med: 12.44 Max: 14.84
Current: 8.87
During the past 13 years, Heartland Group Holdings's highest Return-on-Tangible-Equity was 14.84%. The lowest was 4.06%. And the median was 12.44%.
ASX:HGH's Return-on-Tangible-Equity is ranked worse than 63.97% of 1521
companies
in the Banks industry
Industry Median: 11.19
vs ASX:HGH: 8.87
Heartland Group Holdings (ASX:HGH) 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.
Heartland Group Holdings Return-on-Tangible-Equity Related Terms
Heartland Group Holdings Return-on-Tangible-Equity Historical Data
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The historical data trend for Heartland Group Holdings'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.
Heartland Group Holdings Return-on-Tangible-Equity Chart
ASX:HGH vs PNC, USB: Return-on-Tangible-Equity Comparison
For the Banks - Regional subindustry, Heartland Group Holdings'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.
Heartland Group Holdings Return-on-Tangible-Equity vs Banks Industry
For the Banks industry and Financial Services sector, Heartland Group Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Heartland Group Holdings'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 9.91% mean?
Heartland Group Holdings (ASX:HGH) has a Return-on-Tangible-Equity of 9.91% 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 Heartland Group Holdings and its competitors. This is 20% below median its historical median of 12.44. Over the past decade, Heartland Group Holdings' Return-on-Tangible-Equity has ranged from 4.06 to 14.84. According to the industry distribution chart, Heartland Group Holdings ranks #973 out of 1521 companies in the Banks industry, placing it in the top 64%.
Is Heartland Group Holdings' Return-on-Tangible-Equity too high?
Heartland Group Holdings' current Return-on-Tangible-Equity of 9.91% is 20% below median its 10-year median of 12.44. Over the past 10 years, this metric has ranged from a low of 4.06 to a high of 14.84. The Banks industry median Return-on-Tangible-Equity is 11.19. Heartland Group Holdings' value of 9.91% is 11.4% below this industry median. Based on the distribution chart, Heartland Group Holdings ranks #973 out of 1521 companies in the Banks industry, which is below the industry midpoint. Overall, Heartland Group Holdings has a GF Score™ of 49/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Heartland Group Holdings' Return-on-Tangible-Equity compare to PNC and USB?
According to the Banks industry distribution chart, Heartland Group Holdings ranks #973 out of 1521 companies for Return-on-Tangible-Equity. This places Heartland Group Holdings in the lower half of its industry. The industry median Return-on-Tangible-Equity is 11.19. Heartland Group Holdings' value of 9.91% is 11.4% below this benchmark. Historically, Heartland Group Holdings' own Return-on-Tangible-Equity has ranged from 4.06 to 14.84 over the past decade. While the company's 10-year median is 12.44 vs. the industry median of 11.19, Heartland Group Holdings has consistently been below 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 Banks company?
The median Return-on-Tangible-Equity among Banks companies is 11.19, based on 1,521 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. Heartland Group Holdings's current Return-on-Tangible-Equity of 9.91% is 11.4% below 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 Heartland Group Holdings and its competitors. For the Banks industry, the median Return-on-Tangible-Equity is 11.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heartland Group Holdings's current Return-on-Tangible-Equity is 9.91%, which is 20% below median its own 10-year median of 12.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heartland Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Heartland Group Holdings (ASX:HGH) is currently considered Fairly Valued. The stock's GF Value™ is A$0.92, compared to a current price of A$0.99 — trading 7.6% above its estimated fair value. The current Return-on-Tangible-Equity is 9.91%, which is 20% below median its 10-year median of 12.44 and 11.4% below the Banks industry median of 11.19. Heartland Group Holdings' overall GF Score™ is 49/100 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 Heartland Group Holdings (ASX:HGH), the current Return-on-Tangible-Equity is 9.91% 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 Heartland Group Holdings (ASX:HGH) Overvalued in 2026?
Based on GuruFocus' analysis, Heartland Group Holdings stock appears to be overvalued.
The current stock price of A$0.99 is trading 7.6% above its estimated GF Value™ of A$0.92.
GuruFocus considers Heartland Group Holdings to be Fairly Valued.
Key valuation signals for ASX:HGH:
Return-on-Tangible-Equity: 9.91% (20% below median its 10-year median of 12.44)
GF Value™: A$0.92 vs. price of A$0.99 (7.6% above fair value)
Industry Position: 11.4% below the Banks median (#973 of 1521)
No single metric tells the full story. See the ASX:HGH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heartland Group Holdings Ltd is engaged in the operation of the reverse mortgage. Geographically it operates in both New Zealand and Australia. It offers business loans, rural loans, home loans, car loans , personal lending services and others. Further, it is also involved in saving and deposits activity and also provides internet banking services.
49GF Score
Get the complete analysis for ASX:HGH
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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