Supply NetworkASX:SNL -0.99%96 Return-on-Tangible-Equity is 31.42% as of Dec. 2025, which is 14% above its 10-year median of 27.46. GuruFocus rates ASX:SNL with a GF Score™ of 96/100 and a GF Value™ of A$34.77 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,285 Vehicles & Parts companies, Supply Network ranks better than 91.44% 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. Supply Network's annualized net income for the quarter that ended in Dec. 2025 was A$45.7 Mil. Supply Network's average shareholder tangible equity for the quarter that ended in Dec. 2025 was A$145.5 Mil. Therefore, Supply Network's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 31.42%.
The historical rank and industry rank for Supply Network's Return-on-Tangible-Equity or its related term are showing as below:
ASX:SNL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 17.48 Med: 27.46 Max: 39.98
Current: 31.39
During the past 13 years, Supply Network's highest Return-on-Tangible-Equity was 39.98%. The lowest was 17.48%. And the median was 27.46%.
ASX:SNL's Return-on-Tangible-Equity is ranked better than 91.44% of 1285
companies
in the Vehicles & Parts industry
Industry Median: 7.51
vs ASX:SNL: 31.39
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.
Supply Network Return-on-Tangible-Equity Related Terms
Supply Network Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Supply Network'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:SNL vs ORLY, AZO: Return-on-Tangible-Equity Comparison
For the Auto Parts subindustry, Supply Network'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.
Supply Network Return-on-Tangible-Equity vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Supply Network's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Supply Network'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 31.42% mean?
Supply Network (ASX:SNL) has a Return-on-Tangible-Equity of 31.42% 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 Supply Network and its competitors. This is 14% above median its historical median of 27.46. Over the past decade, Supply Network's Return-on-Tangible-Equity has ranged from 17.48 to 39.98. According to the industry distribution chart, Supply Network ranks #110 out of 1285 companies in the Vehicles & Parts industry, placing it in the top 8.6%.
Is Supply Network's Return-on-Tangible-Equity too high?
Supply Network's current Return-on-Tangible-Equity of 31.42% is 14% above median its 10-year median of 27.46. Over the past 10 years, this metric has ranged from a low of 17.48 to a high of 39.98. The Vehicles & Parts industry median Return-on-Tangible-Equity is 7.51. Supply Network's value of 31.42% is 318.4% above this industry median. Based on the distribution chart, Supply Network ranks #110 out of 1285 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Supply Network has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Supply Network's Return-on-Tangible-Equity compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Supply Network ranks #110 out of 1285 companies for Return-on-Tangible-Equity. This places Supply Network in the top 9% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.51. Supply Network's value of 31.42% is 318.4% above this benchmark. Historically, Supply Network's own Return-on-Tangible-Equity has ranged from 17.48 to 39.98 over the past decade. While the company's 10-year median is 27.46 vs. the industry median of 7.51, Supply Network 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 Vehicles & Parts company?
The median Return-on-Tangible-Equity among Vehicles & Parts companies is 7.51, based on 1,285 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. Supply Network's current Return-on-Tangible-Equity of 31.42% is 318.4% 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 Supply Network and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Equity is 7.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Supply Network's current Return-on-Tangible-Equity is 31.42%, which is 14% above median its own 10-year median of 27.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Supply Network stock overvalued right now?
Based on GuruFocus' analysis, Supply Network (ASX:SNL) is currently considered Fairly Valued. The stock's GF Value™ is A$34.77, compared to a current price of A$32.16 — trading 7.5% below its estimated fair value. The current Return-on-Tangible-Equity is 31.42%, which is 14% above median its 10-year median of 27.46 and 318.4% above the Vehicles & Parts industry median of 7.51. Supply Network's overall GF Score™ is 96/100 with 1 warning sign 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 Supply Network (ASX:SNL), the current Return-on-Tangible-Equity is 31.42% 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 Supply Network (ASX:SNL) Overvalued in 2026?
Based on GuruFocus' analysis, Supply Network stock appears to be undervalued.
The current stock price of A$32.16 is trading 7.5% below its estimated GF Value™ of A$34.77.
GuruFocus considers Supply Network to be Fairly Valued.
Key valuation signals for ASX:SNL:
Return-on-Tangible-Equity: 31.42% (14% above median its 10-year median of 27.46)
GF Value™: A$34.77 vs. price of A$32.16 (7.5% below fair value)
Industry Position: 318.4% above the Vehicles & Parts median (#110 of 1285)
No single metric tells the full story. See the ASX:SNL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Supply Network is a distributor of aftermarket truck and bus parts in Australia and New Zealand, operating under the Multispares brand. The company provides a range of services, including parts supply, procurement, and technical support for fleet operators. Supply Network's revenue has increasingly shifted toward truck parts, which we estimate accounts for at least 85% of sales. The company operates 24 distribution centers and branch sites across Australia and New Zealand.
96GF Score
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