WAM Strategic ValueASX:WAR 63 Return-on-Tangible-Equity is 10.89% as of Dec. 2025, which is 53% above its 10-year median of 7.12. GuruFocus rates ASX:WAR with a GF Score™ of 63/100 and a GF Value™ of A$1.21 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,588 Asset Management companies, WAM Strategic Value ranks better than 54.97% 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. WAM Strategic Value's annualized net income for the quarter that ended in Dec. 2025 was A$25.63 Mil. WAM Strategic Value's average shareholder tangible equity for the quarter that ended in Dec. 2025 was A$235.41 Mil. Therefore, WAM Strategic Value's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 10.89%.
The historical rank and industry rank for WAM Strategic Value's Return-on-Tangible-Equity or its related term are showing as below:
ASX:WAR'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.95 Med: 7.12 Max: 9.81
Current: 8.28
During the past 4 years, WAM Strategic Value's highest Return-on-Tangible-Equity was 9.81%. The lowest was 4.95%. And the median was 7.12%.
ASX:WAR's Return-on-Tangible-Equity is ranked better than 54.97% of 1588
companies
in the Asset Management industry
Industry Median: 7.19
vs ASX:WAR: 8.28
WAM Strategic Value (ASX:WAR) 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.
WAM Strategic Value Return-on-Tangible-Equity Related Terms
WAM Strategic Value Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for WAM Strategic Value'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.
WAM Strategic Value Return-on-Tangible-Equity Chart
ASX:WAR vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, WAM Strategic Value'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.
WAM Strategic Value Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, WAM Strategic Value's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where WAM Strategic Value'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 10.89% mean?
WAM Strategic Value (ASX:WAR) has a Return-on-Tangible-Equity of 10.89% 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 WAM Strategic Value and its competitors. This is 53% above median its historical median of 7.12. Over the past decade, WAM Strategic Value's Return-on-Tangible-Equity has ranged from 4.95 to 9.81. According to the industry distribution chart, WAM Strategic Value ranks #715 out of 1588 companies in the Asset Management industry, placing it in the top 45%.
Is WAM Strategic Value's Return-on-Tangible-Equity too high?
WAM Strategic Value's current Return-on-Tangible-Equity of 10.89% is 53% above median its 10-year median of 7.12. Over the past 10 years, this metric has ranged from a low of 4.95 to a high of 9.81. The Asset Management industry median Return-on-Tangible-Equity is 7.19. WAM Strategic Value's value of 10.89% is 51.5% above this industry median. Based on the distribution chart, WAM Strategic Value ranks #715 out of 1588 companies in the Asset Management industry, which is above the industry midpoint. Overall, WAM Strategic Value has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does WAM Strategic Value's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, WAM Strategic Value ranks #715 out of 1588 companies for Return-on-Tangible-Equity. This puts WAM Strategic Value in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.19. WAM Strategic Value's value of 10.89% is 51.5% above this benchmark. Historically, WAM Strategic Value's own Return-on-Tangible-Equity has ranged from 4.95 to 9.81 over the past decade. While the company's 10-year median is 7.12 vs. the industry median of 7.19, WAM Strategic Value 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 7.19, 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. WAM Strategic Value's current Return-on-Tangible-Equity of 10.89% is 51.5% 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 WAM Strategic Value and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WAM Strategic Value's current Return-on-Tangible-Equity is 10.89%, which is 53% above median its own 10-year median of 7.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WAM Strategic Value stock overvalued right now?
Based on GuruFocus' analysis, WAM Strategic Value (ASX:WAR) is currently considered Modestly Undervalued. The stock's GF Value™ is A$1.21, compared to a current price of A$1.09 — trading 10.3% below its estimated fair value. The current Return-on-Tangible-Equity is 10.89%, which is 53% above median its 10-year median of 7.12 and 51.5% above the Asset Management industry median of 7.19. WAM Strategic Value's overall GF Score™ is 63/100 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 WAM Strategic Value (ASX:WAR), the current Return-on-Tangible-Equity is 10.89% 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 WAM Strategic Value (ASX:WAR) Overvalued in 2026?
Based on GuruFocus' analysis, WAM Strategic Value stock appears to be undervalued.
The current stock price of A$1.09 is trading 10.3% below its estimated GF Value™ of A$1.21.
GuruFocus considers WAM Strategic Value to be Modestly Undervalued.
Key valuation signals for ASX:WAR:
Return-on-Tangible-Equity: 10.89% (53% above median its 10-year median of 7.12)
GF Value™: A$1.21 vs. price of A$1.09 (10.3% below fair value)
Industry Position: 51.5% above the Asset Management median (#715 of 1588)
No single metric tells the full story. See the ASX:WAR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
WAM Strategic Value Ltd is an investment company. The company is engaged in investing activities, including cash, term deposits, and equity investments. Its investment objectives are to provide capital growth over the medium-to-long term, deliver a stream of dividends, and preserve capital while providing shareholders with exposure to a diversified equities portfolio.
63GF Score
Get the complete analysis for ASX:WAR
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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