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FWD Group HoldingsHKSE:01828 +0.65%28 Return-on-Tangible-Equity is 6.16% as of Dec. 2025. GuruFocus rates HKSE:01828 with a GF Score™ of 28/100. The stock has 5 warning signs investors should review. Among 496 Insurance companies, FWD Group Holdings ranks worse than 82.46% 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. FWD Group Holdings's annualized net income for the quarter that ended in Dec. 2025 was HK$1,852 Mil. FWD Group Holdings's average shareholder tangible equity for the quarter that ended in Dec. 2025 was HK$30,067 Mil. Therefore, FWD Group Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 6.16%.
The historical rank and industry rank for FWD Group Holdings's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:01828'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -17.94 Med: -2.6 Max: 5.75
Current: 4.38
During the past 6 years, FWD Group Holdings's highest Return-on-Tangible-Equity was 5.75%. The lowest was -17.94%. And the median was -2.60%.
HKSE:01828's Return-on-Tangible-Equity is ranked worse than 82.46% of 496
companies
in the Insurance industry
Industry Median: 13.85
vs HKSE:01828: 4.38
FWD Group Holdings (HKSE:01828) 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.
FWD Group Holdings Return-on-Tangible-Equity Related Terms
FWD Group Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for FWD 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.
FWD Group Holdings Return-on-Tangible-Equity Chart
HKSE:01828 vs AFL, MET, PRU: Return-on-Tangible-Equity Comparison
For the Insurance - Life subindustry, FWD 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.
FWD Group Holdings Return-on-Tangible-Equity vs Insurance Industry
For the Insurance industry and Financial Services sector, FWD Group Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where FWD 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 6.16% mean?
FWD Group Holdings (HKSE:01828) has a Return-on-Tangible-Equity of 6.16% 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 FWD Group Holdings and its competitors. According to the industry distribution chart, FWD Group Holdings ranks #409 out of 496 companies in the Insurance industry, placing it in the top 82.5%.
Is FWD Group Holdings' Return-on-Tangible-Equity too high?
FWD Group Holdings' current Return-on-Tangible-Equity is 6.16%. The Insurance industry median Return-on-Tangible-Equity is 13.85. FWD Group Holdings' value of 6.16% is 55.5% below this industry median. Based on the distribution chart, FWD Group Holdings ranks #409 out of 496 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, FWD Group Holdings has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does FWD Group Holdings' Return-on-Tangible-Equity compare to AFL and MET?
According to the Insurance industry distribution chart, FWD Group Holdings ranks #409 out of 496 companies for Return-on-Tangible-Equity. This places FWD Group Holdings in the lower half of its industry. The industry median Return-on-Tangible-Equity is 13.85. FWD Group Holdings' value of 6.16% is 55.5% below this benchmark. 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 Insurance company?
The median Return-on-Tangible-Equity among Insurance companies is 13.85, based on 496 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. FWD Group Holdings's current Return-on-Tangible-Equity of 6.16% is 55.5% 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 FWD Group Holdings and its competitors. For the Insurance industry, the median Return-on-Tangible-Equity is 13.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FWD Group Holdings's current Return-on-Tangible-Equity is 6.16%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FWD Group Holdings stock overvalued right now?
FWD Group Holdings (HKSE:01828) has a current Return-on-Tangible-Equity of 6.16%. The current Return-on-Tangible-Equity is 6.16% and 55.5% below the Insurance industry median of 13.85. FWD Group Holdings' overall GF Score™ is 28/100 with 5 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 FWD Group Holdings (HKSE:01828), the current Return-on-Tangible-Equity is 6.16% 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.
FWD Group Holdings Ltd is a holding company. The Company and its subsidiaries are principally engaged in the provision of products and services focusing on life insurance, general insurance, and investment services (the Insurance Business). The operating segments of the company are each of the geographical markets in which the Operating Group operates, which are Hong Kong, Thailand, Japan, Emerging Markets & Corporate, and Others.
28GF Score
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