ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Clover Health Investments's annualizedNet Income for the quarter that ended in Mar. 2026 was $109 Mil.
Clover Health Investments's average Total Assets over the quarter that ended in Mar. 2026 was $619 Mil. Therefore, Clover Health Investments's annualized ROA % for the quarter that ended in Mar. 2026 was 17.65%.
The historical rank and industry rank for Clover Health Investments's ROA % or its related term are showing as below:
CLOV'
s ROA % Range Over the Past 10 Years
Min: -363737 Med: -38.6 Max: -7.47
Current: -9.63
During the past 7 years, Clover Health Investments's highest ROA % was -7.47%. The lowest was -363737.00%. And the median was -38.60%.
CLOV's ROA % is ranked worse than 94.44% of 18
companies
in the Healthcare Plans industry
Industry Median: 2.035
vs CLOV: -9.63
Clover Health Investments (NAS:CLOV) 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.
* 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 Healthcare Plans subindustry, Clover Health Investments'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.
Clover Health Investments ROA % vs Healthcare Plans Industry
For the Healthcare Plans industry and Healthcare sector, Clover Health Investments's ROA % distribution charts can be found below:
* The bar in red indicates where Clover Health Investments'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.
Clover Health Investments (CLOV) has a ROA % of 17.65% 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 Clover Health Investments and its competitors. According to the industry distribution chart, Clover Health Investments ranks #17 out of 18 companies in the Healthcare Plans industry, placing it in the top 94.4%.
Is Clover Health Investments' ROA % too high?
Clover Health Investments' current ROA % is 17.65%. The Healthcare Plans industry median ROA % is 2.04. Clover Health Investments' value of 17.65% is 767.3% above this industry median. Based on the distribution chart, Clover Health Investments ranks #17 out of 18 companies in the Healthcare Plans industry, which is in the bottom quartile relative to peers. Overall, Clover Health Investments has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Clover Health Investments' ROA % compare to PGNY and ALHC?
According to the Healthcare Plans industry distribution chart, Clover Health Investments ranks #17 out of 18 companies for ROA %. This places Clover Health Investments in the lower half of its industry. The industry median ROA % is 2.04. Clover Health Investments' value of 17.65% is 767.3% above this benchmark. 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 Healthcare Plans company?
The median ROA % among Healthcare Plans companies is 2.04, based on 18 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. Clover Health Investments's current ROA % of 17.65% is 767.3% 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 Clover Health Investments and its competitors. For the Healthcare Plans industry, the median ROA % is 2.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Clover Health Investments's current ROA % is 17.65%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Clover Health Investments stock overvalued right now?
Based on GuruFocus' analysis, Clover Health Investments (CLOV) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.95, compared to a current price of $5.21 — trading 31.9% above its estimated fair value. The current ROA % is 17.65% and 767.3% above the Healthcare Plans industry median of 2.04. Clover Health Investments' overall GF Score™ is 81/100 with 5 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 Clover Health Investments (CLOV), the current ROA % is 17.65% 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 Clover Health Investments (CLOV) Overvalued in 2026?
Based on GuruFocus' analysis, Clover Health Investments stock appears to be overvalued.
The current stock price of $5.21 is trading 31.9% above its estimated GF Value™ of $3.95.
GuruFocus considers Clover Health Investments to be Significantly Overvalued.
Key valuation signals for CLOV:
ROA %: 17.65%
GF Value™: $3.95 vs. price of $5.21 (31.9% above fair value)
Industry Position: 767.3% above the Healthcare Plans median (#17 of 18)
No single metric tells the full story. See the CLOV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Clover Health Investments Corp is a healthcare technology company. It focuses on empowering Medicare physicians to proactively manage chronic diseases through its proprietary software platform, Clover Assistant. This cloud-based solution provides personalized insights to physicians, enabling early detection and management of chronic conditions. It operates in one segment: Insurance, through which it offers PPO and HMO plans to Medicare Advantage members in several states.
81GF Score
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