Spheria Emerging CoASX:SEC -0.86%51 Return-on-Tangible-Equity is 17.26% as of Dec. 2025, which is 270% above its 10-year median of 4.66. GuruFocus rates ASX:SEC with a GF Score™ of 51/100 and a GF Value™ of A$3.51 (Significantly Undervalued). Among 1,588 Asset Management companies, Spheria Emerging Co ranks better than 65.99% 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. Spheria Emerging Co's annualized net income for the quarter that ended in Dec. 2025 was A$25.24 Mil. Spheria Emerging Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was A$146.26 Mil. Therefore, Spheria Emerging Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 17.26%.
The historical rank and industry rank for Spheria Emerging Co's Return-on-Tangible-Equity or its related term are showing as below:
ASX:SEC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -8.45 Med: 4.66 Max: 30.07
Current: 12.62
During the past 9 years, Spheria Emerging Co's highest Return-on-Tangible-Equity was 30.07%. The lowest was -8.45%. And the median was 4.66%.
ASX:SEC's Return-on-Tangible-Equity is ranked better than 65.99% of 1588
companies
in the Asset Management industry
Industry Median: 7.165
vs ASX:SEC: 12.62
Spheria Emerging Co (ASX:SEC) 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.
Spheria Emerging Co Return-on-Tangible-Equity Related Terms
Spheria Emerging Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Spheria Emerging Co'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.
Spheria Emerging Co Return-on-Tangible-Equity Chart
ASX:SEC vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Spheria Emerging Co'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.
Spheria Emerging Co Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Spheria Emerging Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Spheria Emerging Co'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 17.26% mean?
Spheria Emerging Co (ASX:SEC) has a Return-on-Tangible-Equity of 17.26% 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 Spheria Emerging Co and its competitors. This is 270% above median its historical median of 4.66. According to the industry distribution chart, Spheria Emerging Co ranks #540 out of 1588 companies in the Asset Management industry, placing it in the top 34%.
Is Spheria Emerging Co's Return-on-Tangible-Equity too high?
Spheria Emerging Co's current Return-on-Tangible-Equity of 17.26% is 270% above median its 10-year median of 4.66. The Asset Management industry median Return-on-Tangible-Equity is 7.17. Spheria Emerging Co's value of 17.26% is 140.9% above this industry median. Based on the distribution chart, Spheria Emerging Co ranks #540 out of 1588 companies in the Asset Management industry, which is above the industry midpoint. Overall, Spheria Emerging Co has a GF Score™ of 51/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Spheria Emerging Co's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Spheria Emerging Co ranks #540 out of 1588 companies for Return-on-Tangible-Equity. This puts Spheria Emerging Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.17. Spheria Emerging Co's value of 17.26% is 140.9% above this benchmark. While the company's 10-year median is 4.66 vs. the industry median of 7.17, Spheria Emerging Co 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 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. Spheria Emerging Co's current Return-on-Tangible-Equity of 17.26% is 140.9% 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 Spheria Emerging Co 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. Spheria Emerging Co's current Return-on-Tangible-Equity is 17.26%, which is 270% above median its own 10-year median of 4.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spheria Emerging Co stock overvalued right now?
Based on GuruFocus' analysis, Spheria Emerging Co (ASX:SEC) is currently considered Significantly Undervalued. The stock's GF Value™ is A$3.51, compared to a current price of A$2.30 — trading 34.5% below its estimated fair value. The current Return-on-Tangible-Equity is 17.26%, which is 270% above median its 10-year median of 4.66 and 140.9% above the Asset Management industry median of 7.17. Spheria Emerging Co's overall GF Score™ is 51/100. 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 Spheria Emerging Co (ASX:SEC), the current Return-on-Tangible-Equity is 17.26% 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 Spheria Emerging Co (ASX:SEC) Overvalued in 2026?
Based on GuruFocus' analysis, Spheria Emerging Co stock appears to be undervalued.
The current stock price of A$2.30 is trading 34.5% below its estimated GF Value™ of A$3.51.
GuruFocus considers Spheria Emerging Co to be Significantly Undervalued.
Key valuation signals for ASX:SEC:
Return-on-Tangible-Equity: 17.26% (270% above median its 10-year median of 4.66)
GF Value™: A$3.51 vs. price of A$2.30 (34.5% below fair value)
Industry Position: 140.9% above the Asset Management median (#540 of 1588)
No single metric tells the full story. See the ASX:SEC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spheria Emerging Co Ltd is an investment management company focus specializing in small and microcap companies. The company's investment objective is to provide total returns over the Benchmark; and capital growth, over each full investment cycle. the company operates in a single segment which is investment activities & Geographically it operates from Australia only.
51GF Score
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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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