Nobleoak LifeASX:NOL -7.42%52 ROA % is 2.17% as of Dec. 2025, which is 17% above its 10-year median of 1.85. GuruFocus rates ASX:NOL with a GF Score™ of 52/100 and a GF Value™ of A$1.76 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 506 Insurance companies, Nobleoak Life ranks worse than 74.31% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Nobleoak Life's annualizedNet Income for the quarter that ended in Dec. 2025 was A$12.7 Mil.
Nobleoak Life's average Total Assets over the quarter that ended in Dec. 2025 was A$584.0 Mil. Therefore, Nobleoak Life's annualized ROA % for the quarter that ended in Dec. 2025 was 2.17%.
The historical rank and industry rank for Nobleoak Life's ROA % or its related term are showing as below:
ASX:NOL'
s ROA % Range Over the Past 10 Years
Min: 0.93 Med: 1.85 Max: 3.26
Current: 0.93
During the past 4 years, Nobleoak Life's highest ROA % was 3.26%. The lowest was 0.93%. And the median was 1.85%.
ASX:NOL's ROA % is ranked worse than 74.31% of 506
companies
in the Insurance industry
Industry Median: 2.7
vs ASX:NOL: 0.93
Nobleoak Life (ASX:NOL) 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.
Nobleoak Life ROA % Related Terms
Nobleoak Life ROA % Historical Data
* Premium members only.
The historical data trend for Nobleoak Life'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 Insurance - Life subindustry, Nobleoak Life'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.
Nobleoak Life ROA % vs Insurance Industry
For the Insurance industry and Financial Services sector, Nobleoak Life's ROA % distribution charts can be found below:
* The bar in red indicates where Nobleoak Life'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.
Nobleoak Life (ASX:NOL) has a ROA % of 2.17% 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 Nobleoak Life and its competitors. This is 17% above median its historical median of 1.85. Over the past decade, Nobleoak Life's ROA % has ranged from 0.93 to 3.26. According to the industry distribution chart, Nobleoak Life ranks #376 out of 506 companies in the Insurance industry, placing it in the top 74.3%.
Is Nobleoak Life's ROA % too high?
Nobleoak Life's current ROA % of 2.17% is 17% above median its 10-year median of 1.85. Over the past 10 years, this metric has ranged from a low of 0.93 to a high of 3.26. The Insurance industry median ROA % is 2.70. Nobleoak Life's value of 2.17% is 19.6% below this industry median. Based on the distribution chart, Nobleoak Life ranks #376 out of 506 companies in the Insurance industry, which is below the industry midpoint. Overall, Nobleoak Life has a GF Score™ of 52/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nobleoak Life's ROA % compare to AFL and MET?
According to the Insurance industry distribution chart, Nobleoak Life ranks #376 out of 506 companies for ROA %. This places Nobleoak Life in the lower half of its industry. The industry median ROA % is 2.70. Nobleoak Life's value of 2.17% is 19.6% below this benchmark. Historically, Nobleoak Life's own ROA % has ranged from 0.93 to 3.26 over the past decade. While the company's 10-year median is 1.85 vs. the industry median of 2.70, Nobleoak Life 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 ROA % for an Insurance company?
The median ROA % among Insurance companies is 2.70, based on 506 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. Nobleoak Life's current ROA % of 2.17% is 19.6% 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 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 Nobleoak Life and its competitors. For the Insurance industry, the median ROA % is 2.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nobleoak Life's current ROA % is 2.17%, which is 17% above median its own 10-year median of 1.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nobleoak Life stock overvalued right now?
Based on GuruFocus' analysis, Nobleoak Life (ASX:NOL) is currently considered Significantly Undervalued. The stock's GF Value™ is A$1.76, compared to a current price of A$1.19 — trading 32.7% below its estimated fair value. The current ROA % is 2.17%, which is 17% above median its 10-year median of 1.85 and 19.6% below the Insurance industry median of 2.70. Nobleoak Life's overall GF Score™ is 52/100 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 Nobleoak Life (ASX:NOL), the current ROA % is 2.17% 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 Nobleoak Life (ASX:NOL) Overvalued in 2026?
Based on GuruFocus' analysis, Nobleoak Life stock appears to be undervalued.
The current stock price of A$1.19 is trading 32.7% below its estimated GF Value™ of A$1.76.
GuruFocus considers Nobleoak Life to be Significantly Undervalued.
Key valuation signals for ASX:NOL:
ROA %: 2.17% (17% above median its 10-year median of 1.85)
GF Value™: A$1.76 vs. price of A$1.19 (32.7% below fair value)
Industry Position: 19.6% below the Insurance median (#376 of 506)
No single metric tells the full story. See the ASX:NOL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nobleoak Life Ltd is involved in the manufacture and distribution of Life Insurance products (including death, total and permanent disability, trauma, income protection and business expenses insurance) through both its Direct and Strategic Partner (Advised) channels. The company's segments include Direct Business, Strategic Partnerships, and Genus. It generates maximum revenue from the Direct segment.
52GF Score
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