Tabcorp HoldingsASX:TAH -1.19%50 ROA % is 1.38% as of Dec. 2025, which is at its 10-year median of 1.38. GuruFocus rates ASX:TAH with a GF Score™ of 50/100 and a GF Value™ of A$0.81 (Fairly Valued). The stock has 6 warning signs investors should review. Among 858 Travel & Leisure companies, Tabcorp Holdings ranks worse than 60.61% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Tabcorp Holdings's annualizedNet Income for the quarter that ended in Dec. 2025 was A$43 Mil.
Tabcorp Holdings's average Total Assets over the quarter that ended in Dec. 2025 was A$3,139 Mil. Therefore, Tabcorp Holdings's annualized ROA % for the quarter that ended in Dec. 2025 was 1.38%.
The historical rank and industry rank for Tabcorp Holdings's ROA % or its related term are showing as below:
ASX:TAH'
s ROA % Range Over the Past 10 Years
Min: -36.44 Med: 1.38 Max: 85.14
Current: 1.03
During the past 13 years, Tabcorp Holdings's highest ROA % was 85.14%. The lowest was -36.44%. And the median was 1.38%.
ASX:TAH's ROA % is ranked worse than 60.61% of 858
companies
in the Travel & Leisure industry
Industry Median: 2.375
vs ASX:TAH: 1.03
Tabcorp Holdings (ASX:TAH) 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.
Tabcorp Holdings ROA % Related Terms
Tabcorp Holdings ROA % Historical Data
* Premium members only.
The historical data trend for Tabcorp Holdings'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 Gambling subindustry, Tabcorp Holdings'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.
Tabcorp Holdings ROA % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Tabcorp Holdings's ROA % distribution charts can be found below:
* The bar in red indicates where Tabcorp Holdings'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.
Tabcorp Holdings (ASX:TAH) has a ROA % of 1.38% 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 Tabcorp Holdings and its competitors. This is near median its historical median of 1.38. According to the industry distribution chart, Tabcorp Holdings ranks #520 out of 858 companies in the Travel & Leisure industry, placing it in the top 60.6%.
Is Tabcorp Holdings' ROA % too high?
Tabcorp Holdings' current ROA % of 1.38% is near median its 10-year median of 1.38. The Travel & Leisure industry median ROA % is 2.38. Tabcorp Holdings' value of 1.38% is 41.9% below this industry median. Based on the distribution chart, Tabcorp Holdings ranks #520 out of 858 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Tabcorp Holdings has a GF Score™ of 50/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tabcorp Holdings' ROA % compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, Tabcorp Holdings ranks #520 out of 858 companies for ROA %. This places Tabcorp Holdings in the lower half of its industry. The industry median ROA % is 2.38. Tabcorp Holdings' value of 1.38% is 41.9% below this benchmark. While the company's 10-year median is 1.38 vs. the industry median of 2.38, Tabcorp Holdings 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 a Travel & Leisure company?
The median ROA % among Travel & Leisure companies is 2.38, based on 858 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. Tabcorp Holdings's current ROA % of 1.38% is 41.9% 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 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 Tabcorp Holdings and its competitors. For the Travel & Leisure industry, the median ROA % is 2.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tabcorp Holdings's current ROA % is 1.38%, which is near median its own 10-year median of 1.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tabcorp Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tabcorp Holdings (ASX:TAH) is currently considered Fairly Valued. The stock's GF Value™ is A$0.81, compared to a current price of A$0.83 — trading 2.5% above its estimated fair value. The current ROA % is 1.38%, which is near median its 10-year median of 1.38 and 41.9% below the Travel & Leisure industry median of 2.38. Tabcorp Holdings' overall GF Score™ is 50/100 with 6 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 Tabcorp Holdings (ASX:TAH), the current ROA % is 1.38% 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 Tabcorp Holdings (ASX:TAH) Overvalued in 2026?
Based on GuruFocus' analysis, Tabcorp Holdings stock appears to be overvalued.
The current stock price of A$0.83 is trading 2.5% above its estimated GF Value™ of A$0.81.
GuruFocus considers Tabcorp Holdings to be Fairly Valued.
Key valuation signals for ASX:TAH:
ROA %: 1.38% (near median its 10-year median of 1.38)
GF Value™: A$0.81 vs. price of A$0.83 (2.5% above fair value)
Industry Position: 41.9% below the Travel & Leisure median (#520 of 858)
No single metric tells the full story. See the ASX:TAH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tabcorp is essentially a pure-play Australian wagering operator, with exclusive rights to physical wagering at venues (pubs, clubs, and racecourses) and also a digital offering. Tabcorp operates through principally through two segments: wagering and media and gaming services. The firm conducts wagering activities under the TAB brand both online and physically in every Australian state and territory other than Western Australia, reaching 90% of the population through a network of retail venues. In addition, Integrity Services provides services to electronic gaming machine venues.
50GF Score
Get the complete analysis for ASX:TAH
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:TAH has been successfully added to your 
