Chemung FinancialCHMG +1.68%58 ROA % is 1.35% as of Mar. 2026, which is 48% above its 10-year median of 0.91. GuruFocus rates CHMG with a GF Score™ of 58/100 and a GF Value™ of $51.22 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,529 Banks companies, Chemung Financial ranks worse than 69.26% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Chemung Financial's annualizedNet Income for the quarter that ended in Mar. 2026 was $36.80 Mil.
Chemung Financial's average Total Assets over the quarter that ended in Mar. 2026 was $2,729.48 Mil. Therefore, Chemung Financial's annualized ROA % for the quarter that ended in Mar. 2026 was 1.35%.
The historical rank and industry rank for Chemung Financial's ROA % or its related term are showing as below:
CHMG'
s ROA % Range Over the Past 10 Years
Min: 0.44 Med: 0.91 Max: 1.14
Current: 0.66
During the past 13 years, Chemung Financial's highest ROA % was 1.14%. The lowest was 0.44%. And the median was 0.91%.
CHMG's ROA % is ranked worse than 69.26% of 1529
companies
in the Banks industry
Industry Median: 0.98
vs CHMG: 0.66
Chemung Financial (NAS:CHMG) 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 four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) 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.
Chemung Financial ROA % Related Terms
Chemung Financial ROA % Historical Data
* Premium members only.
The historical data trend for Chemung Financial'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 Banks - Regional subindustry, Chemung Financial'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.
Chemung Financial ROA % vs Banks Industry
For the Banks industry and Financial Services sector, Chemung Financial's ROA % distribution charts can be found below:
* The bar in red indicates where Chemung Financial'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 four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Chemung Financial (CHMG) has a ROA % of 1.35% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Chemung Financial and its competitors. This is 48% above median its historical median of 0.91. Over the past decade, Chemung Financial's ROA % has ranged from 0.44 to 1.14. According to the industry distribution chart, Chemung Financial ranks #1059 out of 1529 companies in the Banks industry, placing it in the top 69.3%.
Is Chemung Financial's ROA % too high?
Chemung Financial's current ROA % of 1.35% is 48% above median its 10-year median of 0.91. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 1.14. The Banks industry median ROA % is 0.98. Chemung Financial's value of 1.35% is 37.8% above this industry median. Based on the distribution chart, Chemung Financial ranks #1059 out of 1529 companies in the Banks industry, which is below the industry midpoint. Overall, Chemung Financial has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chemung Financial's ROA % compare to FNLC and NWFL?
According to the Banks industry distribution chart, Chemung Financial ranks #1059 out of 1529 companies for ROA %. This places Chemung Financial in the lower half of its industry. The industry median ROA % is 0.98. Chemung Financial's value of 1.35% is 37.8% above this benchmark. Historically, Chemung Financial's own ROA % has ranged from 0.44 to 1.14 over the past decade. While the company's 10-year median is 0.91 vs. the industry median of 0.98, Chemung Financial 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 a Banks company?
The median ROA % among Banks companies is 0.98, based on 1,529 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. Chemung Financial's current ROA % of 1.35% is 37.8% 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 Chemung Financial and its competitors. For the Banks industry, the median ROA % is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chemung Financial's current ROA % is 1.35%, which is 48% above median its own 10-year median of 0.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chemung Financial stock overvalued right now?
Based on GuruFocus' analysis, Chemung Financial (CHMG) is currently considered Significantly Overvalued. The stock's GF Value™ is $51.22, compared to a current price of $74.34 — trading 45.1% above its estimated fair value. The current ROA % is 1.35%, which is 48% above median its 10-year median of 0.91 and 37.8% above the Banks industry median of 0.98. Chemung Financial's overall GF Score™ is 58/100 with 8 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 Chemung Financial (CHMG), the current ROA % is 1.35% as of Mar. 2026. 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 Chemung Financial (CHMG) Overvalued in 2026?
Based on GuruFocus' analysis, Chemung Financial stock appears to be overvalued.
The current stock price of $74.34 is trading 45.1% above its estimated GF Value™ of $51.22.
GuruFocus considers Chemung Financial to be Significantly Overvalued.
Key valuation signals for CHMG:
ROA %: 1.35% (48% above median its 10-year median of 0.91)
GF Value™: $51.22 vs. price of $74.34 (45.1% above fair value)
Industry Position: 37.8% above the Banks median (#1059 of 1529)
No single metric tells the full story. See the CHMG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chemung Financial Corp is a bank holding firm. Through its subsidiaries, the company provides various financial services, including demand, savings, and time deposits, commercial, residential, and consumer loans, letters of credit, wealth management services, employee benefit plans, insurance products, mutual funds, and brokerage services, among others. The company's reportable segments are Core Banking, Wealth Management (WMG) services, and Holding company and CFS. Maximum revenue is generated from the Core Banking segment, which derives revenue by attracting deposits from the general public and using such funds to originate different types of loans, and to invest in securities. The Wealth Management (WMG) services segment provides trust and investment advisory services to clients.
58GF Score
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