Pengana Capital GroupASX:PCG +12.50%55 ROA % is 7.45% as of Dec. 2025, which is 27% above its 10-year median of 5.86. GuruFocus rates ASX:PCG with a GF Score™ of 55/100 and a GF Value™ of A$0.35 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 1,635 Asset Management companies, Pengana Capital Group ranks better than 68.32% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Pengana Capital Group's annualizedNet Income for the quarter that ended in Dec. 2025 was A$15.06 Mil.
Pengana Capital Group's average Total Assets over the quarter that ended in Dec. 2025 was A$202.01 Mil. Therefore, Pengana Capital Group's annualized ROA % for the quarter that ended in Dec. 2025 was 7.45%.
The historical rank and industry rank for Pengana Capital Group's ROA % or its related term are showing as below:
ASX:PCG'
s ROA % Range Over the Past 10 Years
Min: -13.75 Med: 5.86 Max: 22.2
Current: 8.31
During the past 13 years, Pengana Capital Group's highest ROA % was 22.20%. The lowest was -13.75%. And the median was 5.86%.
ASX:PCG's ROA % is ranked better than 68.32% of 1635
companies
in the Asset Management industry
Industry Median: 3.97
vs ASX:PCG: 8.31
Pengana Capital Group (ASX:PCG) 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.
* 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, Pengana Capital Group'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.
Pengana Capital Group ROA % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Pengana Capital Group's ROA % distribution charts can be found below:
* The bar in red indicates where Pengana Capital Group'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.
Pengana Capital Group (ASX:PCG) has a ROA % of 7.45% 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 Pengana Capital Group and its competitors. This is 27% above median its historical median of 5.86. According to the industry distribution chart, Pengana Capital Group ranks #518 out of 1635 companies in the Asset Management industry, placing it in the top 31.7%.
Is Pengana Capital Group's ROA % too high?
Pengana Capital Group's current ROA % of 7.45% is 27% above median its 10-year median of 5.86. The Asset Management industry median ROA % is 3.97. Pengana Capital Group's value of 7.45% is 87.7% above this industry median. Based on the distribution chart, Pengana Capital Group ranks #518 out of 1635 companies in the Asset Management industry, which is above the industry midpoint. Overall, Pengana Capital Group has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pengana Capital Group's ROA % compare to BLK and BX?
According to the Asset Management industry distribution chart, Pengana Capital Group ranks #518 out of 1635 companies for ROA %. This puts Pengana Capital Group in the upper half of its industry. The industry median ROA % is 3.97. Pengana Capital Group's value of 7.45% is 87.7% above this benchmark. While the company's 10-year median is 5.86 vs. the industry median of 3.97, Pengana Capital Group 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. Pengana Capital Group's current ROA % of 7.45% is 87.7% 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 Pengana Capital Group 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. Pengana Capital Group's current ROA % is 7.45%, which is 27% above median its own 10-year median of 5.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pengana Capital Group stock overvalued right now?
Based on GuruFocus' analysis, Pengana Capital Group (ASX:PCG) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.35, compared to a current price of A$0.90 — trading 157.1% above its estimated fair value. The current ROA % is 7.45%, which is 27% above median its 10-year median of 5.86 and 87.7% above the Asset Management industry median of 3.97. Pengana Capital Group's overall GF Score™ is 55/100 with 10 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 Pengana Capital Group (ASX:PCG), the current ROA % is 7.45% 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 Pengana Capital Group (ASX:PCG) Overvalued in 2026?
Based on GuruFocus' analysis, Pengana Capital Group stock appears to be overvalued.
The current stock price of A$0.90 is trading 157.1% above its estimated GF Value™ of A$0.35.
GuruFocus considers Pengana Capital Group to be Significantly Overvalued.
Key valuation signals for ASX:PCG:
ROA %: 7.45% (27% above median its 10-year median of 5.86)
GF Value™: A$0.35 vs. price of A$0.90 (157.1% above fair value)
Industry Position: 87.7% above the Asset Management median (#518 of 1635)
No single metric tells the full story. See the ASX:PCG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pengana Capital Group Ltd is a diversified fund management company. Its objective is to increase investor wealth by developing, offering, and managing investment funds in Australia and globally as opportunities arise. It operates in one operating segment being the development, offering of, and management of investment funds.
55GF Score
Get the complete analysis for ASX:PCG
ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:PCG has been successfully added to your 
