WAM LeadersASX:WLE +0.76%70 ROA % is 10.71% as of Dec. 2025, which is 78% above its 10-year median of 6.02. GuruFocus rates ASX:WLE with a GF Score™ of 70/100 and a GF Value™ of A$2.32 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,638 Asset Management companies, WAM Leaders ranks better than 62.76% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. WAM Leaders's annualizedNet Income for the quarter that ended in Dec. 2025 was A$199.9 Mil.
WAM Leaders's average Total Assets over the quarter that ended in Dec. 2025 was A$1,866.4 Mil. Therefore, WAM Leaders's annualized ROA % for the quarter that ended in Dec. 2025 was 10.71%.
The historical rank and industry rank for WAM Leaders's ROA % or its related term are showing as below:
ASX:WLE'
s ROA % Range Over the Past 10 Years
Min: 0.53 Med: 6.02 Max: 20.49
Current: 6.74
During the past 8 years, WAM Leaders's highest ROA % was 20.49%. The lowest was 0.53%. And the median was 6.02%.
ASX:WLE's ROA % is ranked better than 62.76% of 1638
companies
in the Asset Management industry
Industry Median: 3.95
vs ASX:WLE: 6.74
WAM Leaders (ASX:WLE) 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.
WAM Leaders ROA % Related Terms
WAM Leaders ROA % Historical Data
* Premium members only.
The historical data trend for WAM Leaders'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, WAM Leaders'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.
WAM Leaders ROA % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, WAM Leaders's ROA % distribution charts can be found below:
* The bar in red indicates where WAM Leaders'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.
WAM Leaders (ASX:WLE) has a ROA % of 10.71% 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 WAM Leaders and its competitors. This is 78% above median its historical median of 6.02. Over the past decade, WAM Leaders' ROA % has ranged from 0.53 to 20.49. According to the industry distribution chart, WAM Leaders ranks #610 out of 1638 companies in the Asset Management industry, placing it in the top 37.2%.
Is WAM Leaders' ROA % too high?
WAM Leaders' current ROA % of 10.71% is 78% above median its 10-year median of 6.02. Over the past 10 years, this metric has ranged from a low of 0.53 to a high of 20.49. The Asset Management industry median ROA % is 3.95. WAM Leaders' value of 10.71% is 171.1% above this industry median. Based on the distribution chart, WAM Leaders ranks #610 out of 1638 companies in the Asset Management industry, which is above the industry midpoint. Overall, WAM Leaders has a GF Score™ of 70/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does WAM Leaders' ROA % compare to BLK and BX?
According to the Asset Management industry distribution chart, WAM Leaders ranks #610 out of 1638 companies for ROA %. This puts WAM Leaders in the upper half of its industry. The industry median ROA % is 3.95. WAM Leaders' value of 10.71% is 171.1% above this benchmark. Historically, WAM Leaders' own ROA % has ranged from 0.53 to 20.49 over the past decade. While the company's 10-year median is 6.02 vs. the industry median of 3.95, WAM Leaders 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 3.95, based on 1,638 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. WAM Leaders's current ROA % of 10.71% is 171.1% 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 WAM Leaders and its competitors. For the Asset Management industry, the median ROA % is 3.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WAM Leaders's current ROA % is 10.71%, which is 78% above median its own 10-year median of 6.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WAM Leaders stock overvalued right now?
Based on GuruFocus' analysis, WAM Leaders (ASX:WLE) is currently considered Significantly Undervalued. The stock's GF Value™ is A$2.32, compared to a current price of A$1.33 — trading 42.7% below its estimated fair value. The current ROA % is 10.71%, which is 78% above median its 10-year median of 6.02 and 171.1% above the Asset Management industry median of 3.95. WAM Leaders' overall GF Score™ is 70/100 with 3 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 WAM Leaders (ASX:WLE), the current ROA % is 10.71% 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 WAM Leaders (ASX:WLE) Overvalued in 2026?
Based on GuruFocus' analysis, WAM Leaders stock appears to be undervalued.
The current stock price of A$1.33 is trading 42.7% below its estimated GF Value™ of A$2.32.
GuruFocus considers WAM Leaders to be Significantly Undervalued.
Key valuation signals for ASX:WLE:
ROA %: 10.71% (78% above median its 10-year median of 6.02)
GF Value™: A$2.32 vs. price of A$1.33 (42.7% below fair value)
Industry Position: 171.1% above the Asset Management median (#610 of 1638)
No single metric tells the full story. See the ASX:WLE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
WAM Leaders Ltd is an investment company. The company's investment objectives are to deliver a stream of fully franked dividends, provide capital growth over the medium-to-long term, and preserve capital. The company currently engages in investing activities, including cash, term deposits, and equity investments in listed companies. Its portfolio consists of securities of companies from various sectors such as Communication services, Financials, Consumer staples, Health care, and Information technology, among others.
70GF Score
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