WAM Alternative AssetsASX:WMA +1.56%72 Return-on-Tangible-Equity is 5.69% as of Dec. 2025, which is 62% above its 10-year median of 3.52. GuruFocus rates ASX:WMA with a GF Score™ of 72/100 and a GF Value™ of A$1.08 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,588 Asset Management companies, WAM Alternative Assets ranks worse than 63.1% 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 Alternative Assets's annualized net income for the quarter that ended in Dec. 2025 was A$12.94 Mil. WAM Alternative Assets's average shareholder tangible equity for the quarter that ended in Dec. 2025 was A$227.46 Mil. Therefore, WAM Alternative Assets's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 5.69%.
The historical rank and industry rank for WAM Alternative Assets's Return-on-Tangible-Equity or its related term are showing as below:
ASX:WMA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.37 Med: 3.52 Max: 12.1
Current: 3.54
During the past 12 years, WAM Alternative Assets's highest Return-on-Tangible-Equity was 12.10%. The lowest was 2.37%. And the median was 3.52%.
ASX:WMA's Return-on-Tangible-Equity is ranked worse than 63.1% of 1588
companies
in the Asset Management industry
Industry Median: 7.19
vs ASX:WMA: 3.54
WAM Alternative Assets (ASX:WMA) 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 Alternative Assets Return-on-Tangible-Equity Related Terms
WAM Alternative Assets Return-on-Tangible-Equity Historical Data
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The historical data trend for WAM Alternative Assets'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 Alternative Assets Return-on-Tangible-Equity Chart
ASX:WMA vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, WAM Alternative Assets'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 Alternative Assets Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, WAM Alternative Assets's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where WAM Alternative Assets'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 5.69% mean?
WAM Alternative Assets (ASX:WMA) has a Return-on-Tangible-Equity of 5.69% 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 Alternative Assets and its competitors. This is 62% above median its historical median of 3.52. Over the past decade, WAM Alternative Assets' Return-on-Tangible-Equity has ranged from 2.37 to 12.10. According to the industry distribution chart, WAM Alternative Assets ranks #1002 out of 1588 companies in the Asset Management industry, placing it in the top 63.1%.
Is WAM Alternative Assets' Return-on-Tangible-Equity too high?
WAM Alternative Assets' current Return-on-Tangible-Equity of 5.69% is 62% above median its 10-year median of 3.52. Over the past 10 years, this metric has ranged from a low of 2.37 to a high of 12.10. The Asset Management industry median Return-on-Tangible-Equity is 7.19. WAM Alternative Assets' value of 5.69% is 20.9% below this industry median. Based on the distribution chart, WAM Alternative Assets ranks #1002 out of 1588 companies in the Asset Management industry, which is below the industry midpoint. Overall, WAM Alternative Assets has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does WAM Alternative Assets' Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, WAM Alternative Assets ranks #1002 out of 1588 companies for Return-on-Tangible-Equity. This places WAM Alternative Assets in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.19. WAM Alternative Assets' value of 5.69% is 20.9% below this benchmark. Historically, WAM Alternative Assets' own Return-on-Tangible-Equity has ranged from 2.37 to 12.10 over the past decade. While the company's 10-year median is 3.52 vs. the industry median of 7.19, WAM Alternative Assets 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 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 Alternative Assets's current Return-on-Tangible-Equity of 5.69% is 20.9% 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 WAM Alternative Assets 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 Alternative Assets's current Return-on-Tangible-Equity is 5.69%, which is 62% above median its own 10-year median of 3.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WAM Alternative Assets stock overvalued right now?
Based on GuruFocus' analysis, WAM Alternative Assets (ASX:WMA) is currently considered Modestly Undervalued. The stock's GF Value™ is A$1.08, compared to a current price of A$0.98 — trading 9.7% below its estimated fair value. The current Return-on-Tangible-Equity is 5.69%, which is 62% above median its 10-year median of 3.52 and 20.9% below the Asset Management industry median of 7.19. WAM Alternative Assets' overall GF Score™ is 72/100 with 4 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 WAM Alternative Assets (ASX:WMA), the current Return-on-Tangible-Equity is 5.69% 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 Alternative Assets (ASX:WMA) Overvalued in 2026?
Based on GuruFocus' analysis, WAM Alternative Assets stock appears to be undervalued.
The current stock price of A$0.98 is trading 9.7% below its estimated GF Value™ of A$1.08.
GuruFocus considers WAM Alternative Assets to be Modestly Undervalued.
Key valuation signals for ASX:WMA:
Return-on-Tangible-Equity: 5.69% (62% above median its 10-year median of 3.52)
GF Value™: A$1.08 vs. price of A$0.98 (9.7% below fair value)
Industry Position: 20.9% below the Asset Management median (#1002 of 1588)
No single metric tells the full story. See the ASX:WMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
WAM Alternative Assets Ltd is an investment company. Its investment objectives are to deliver absolute returns through a combination of dividend yield and capital growth, while providing diversification benefits to shareholders. The company provides investors with exposure to a portfolio of real assets, private equity, infrastructure, real estate, and private debt strategies.
72GF 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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