NGE CapitalASX:NGE -3.20%55 ROA % is 25.81% as of Dec. 2025, which is 88% above its 10-year median of 13.70. GuruFocus rates ASX:NGE with a GF Score™ of 55/100 and a GF Value™ of A$2.55 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,635 Asset Management companies, NGE Capital ranks better than 90.95% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. NGE Capital's annualizedNet Income for the quarter that ended in Dec. 2025 was A$14.77 Mil.
NGE Capital's average Total Assets over the quarter that ended in Dec. 2025 was A$57.22 Mil. Therefore, NGE Capital's annualized ROA % for the quarter that ended in Dec. 2025 was 25.81%.
The historical rank and industry rank for NGE Capital's ROA % or its related term are showing as below:
ASX:NGE'
s ROA % Range Over the Past 10 Years
Min: -5.15 Med: 13.7 Max: 21.96
Current: 21.96
During the past 13 years, NGE Capital's highest ROA % was 21.96%. The lowest was -5.15%. And the median was 13.70%.
ASX:NGE's ROA % is ranked better than 90.95% of 1635
companies
in the Asset Management industry
Industry Median: 3.97
vs ASX:NGE: 21.96
NGE Capital (ASX:NGE) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
NGE Capital ROA % Related Terms
NGE Capital ROA % Historical Data
* Premium members only.
The historical data trend for NGE Capital's ROA % 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.
For the Asset Management subindustry, NGE Capital's ROA %, along with its competitors' market caps and ROA % 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.
NGE Capital ROA % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, NGE Capital's ROA % distribution charts can be found below:
* The bar in red indicates where NGE Capital's ROA % 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 ROA %, the net income of the last fiscal year and the average total assets 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.
ROA % is displayed in the 30-year financial page.
NGE Capital (ASX:NGE) has a ROA % of 25.81% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on NGE Capital and its competitors. This is 88% above median its historical median of 13.70. According to the industry distribution chart, NGE Capital ranks #148 out of 1635 companies in the Asset Management industry, placing it in the top 9.1%.
Is NGE Capital's ROA % too high?
NGE Capital's current ROA % of 25.81% is 88% above median its 10-year median of 13.70. The Asset Management industry median ROA % is 3.97. NGE Capital's value of 25.81% is 550.1% above this industry median. Based on the distribution chart, NGE Capital ranks #148 out of 1635 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, NGE Capital has a GF Score™ of 55/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NGE Capital's ROA % compare to BLK and BX?
According to the Asset Management industry distribution chart, NGE Capital ranks #148 out of 1635 companies for ROA %. This places NGE Capital in the top 9% of its industry — outperforming the majority of peers. The industry median ROA % is 3.97. NGE Capital's value of 25.81% is 550.1% above this benchmark. While the company's 10-year median is 13.70 vs. the industry median of 3.97, NGE Capital 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 ROA % for an Asset Management company?
The median ROA % among Asset Management companies is 3.97, based on 1,635 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NGE Capital's current ROA % of 25.81% is 550.1% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on NGE Capital and its competitors. For the Asset Management industry, the median ROA % is 3.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NGE Capital's current ROA % is 25.81%, which is 88% above median its own 10-year median of 13.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NGE Capital stock overvalued right now?
Based on GuruFocus' analysis, NGE Capital (ASX:NGE) is currently considered Significantly Undervalued. The stock's GF Value™ is A$2.55, compared to a current price of A$1.21 — trading 52.5% below its estimated fair value. The current ROA % is 25.81%, which is 88% above median its 10-year median of 13.70 and 550.1% above the Asset Management industry median of 3.97. NGE Capital's overall GF Score™ is 55/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For NGE Capital (ASX:NGE), the current ROA % is 25.81% 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 NGE Capital (ASX:NGE) Overvalued in 2026?
Based on GuruFocus' analysis, NGE Capital stock appears to be undervalued.
The current stock price of A$1.21 is trading 52.5% below its estimated GF Value™ of A$2.55.
GuruFocus considers NGE Capital to be Significantly Undervalued.
Key valuation signals for ASX:NGE:
ROA %: 25.81% (88% above median its 10-year median of 13.70)
GF Value™: A$2.55 vs. price of A$1.21 (52.5% below fair value)
Industry Position: 550.1% above the Asset Management median (#148 of 1635)
No single metric tells the full story. See the ASX:NGE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NGE Capital Ltd is an internally managed Listed Investment Company whose principal activities are making investments in listed and unlisted securities. The company is engaged solely in investment activities conducted from Australia, deriving revenue from dividend income, interest income, and the sale of investments.
55GF Score
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