Antin Infrastructure Partners (FRA:8ZU) ROA %: 18.14% (As of Dec. 2025) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:8ZU Antin Infrastructure Partners FRA:8ZU
94 GF Score
Price €9.03
GF Value €12.48
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Antin Infrastructure Partners ROA %?

Antin Infrastructure Partners FRA:8ZU +1.57% 94 ROA % is 18.14% as of Dec. 2025, which is 4% below its 10-year median of 18.97. GuruFocus rates FRA:8ZU with a GF Score™ of 94/100 and a GF Value™ of €12.48 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,633 Asset Management companies, Antin Infrastructure Partners ranks better than 83.22% on this metric.

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Antin Infrastructure Partners's annualized Net Income for the quarter that ended in Dec. 2025 was €110.0 Mil. Antin Infrastructure Partners's average Total Assets over the quarter that ended in Dec. 2025 was €606.3 Mil. Therefore, Antin Infrastructure Partners's annualized ROA % for the quarter that ended in Dec. 2025 was 18.14%.

The historical rank and industry rank for Antin Infrastructure Partners's ROA % or its related term are showing as below:

FRA:8ZU' s ROA % Range Over the Past 10 Years
Min: -3.01   Med: 18.97   Max: 96.51
Current: 17.22

During the past 9 years, Antin Infrastructure Partners's highest ROA % was 96.51%. The lowest was -3.01%. And the median was 18.97%.

FRA:8ZU's ROA % is ranked better than
83.22% of 1633 companies
in the Asset Management industry
Industry Median: 4.5 vs FRA:8ZU: 17.22

Antin Infrastructure Partners  (FRA:8ZU) 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 bank’s 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:

ROA %(Q: Dec. 2025 )
=Net Income/Total Assets
=109.97/606.277
=(Net Income / Revenue)*(Revenue / Total Assets)
=(109.97 / 288.578)*(288.578 / 606.277)
=Net Margin %*Asset Turnover
=38.11 %*0.476
=18.14 %

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.


Antin Infrastructure Partners ROA % Related Terms


Antin Infrastructure Partners ROA % Historical Data

* Premium members only.

The historical data trend for Antin Infrastructure Partners'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.

Antin Infrastructure Partners ROA % Chart

Antin Infrastructure Partners Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROA %
Get a 7-Day Free Trial Premium Member Only 10.13 -3.01 12.31 20.83 17.11

Antin Infrastructure Partners Semi-Annual Data
Dec17 Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROA % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.91 19.94 23.15 16.45 18.14

FRA:8ZU vs BLK, BX, KKR: ROA % Comparison

For the Asset Management subindustry, Antin Infrastructure Partners'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.


Antin Infrastructure Partners ROA % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Antin Infrastructure Partners's ROA % distribution charts can be found below:

* The bar in red indicates where Antin Infrastructure Partners's ROA % falls into.


FRA:8ZU
94GF Score
Antin Infrastructure Partners FRA:8ZU
ROA % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Antin Infrastructure Partners ROA % Calculation

Antin Infrastructure Partners's annualized ROA % for the fiscal year that ended in Dec. 2025 is calculated as:

ROA %=Net Income (A: Dec. 2025 )/( (Total Assets (A: Dec. 2024 )+Total Assets (A: Dec. 2025 ))/ count )
=106.91/( (650.049+599.912)/ 2 )
=106.91/624.9805
=17.11 %

Antin Infrastructure Partners's annualized ROA % for the quarter that ended in Dec. 2025 is calculated as:

ROA %=Net Income (Q: Dec. 2025 )/( (Total Assets (Q: Jun. 2025 )+Total Assets (Q: Dec. 2025 ))/ count )
=109.97/( (612.642+599.912)/ 2 )
=109.97/606.277
=18.14 %

* 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.

Frequently Asked Questions Learn more about ROA % →
What does a ROA % of 18.14% mean?
Antin Infrastructure Partners (FRA:8ZU) has a ROA % of 18.14% 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 Antin Infrastructure Partners and its competitors. This is near median its historical median of 18.97. According to the industry distribution chart, Antin Infrastructure Partners ranks #274 out of 1633 companies in the Asset Management industry, placing it in the top 16.8%.
Is Antin Infrastructure Partners' ROA % too high?
Antin Infrastructure Partners' current ROA % of 18.14% is near median its 10-year median of 18.97. The Asset Management industry median ROA % is 4.50. Antin Infrastructure Partners' value of 18.14% is 303.1% above this industry median. Based on the distribution chart, Antin Infrastructure Partners ranks #274 out of 1633 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Antin Infrastructure Partners has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Antin Infrastructure Partners' ROA % compare to BLK and BX?
According to the Asset Management industry distribution chart, Antin Infrastructure Partners ranks #274 out of 1633 companies for ROA %. This places Antin Infrastructure Partners in the top 17% of its industry — outperforming the majority of peers. The industry median ROA % is 4.50. Antin Infrastructure Partners' value of 18.14% is 303.1% above this benchmark. While the company's 10-year median is 18.97 vs. the industry median of 4.50, Antin Infrastructure Partners 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 4.50, based on 1,633 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. Antin Infrastructure Partners's current ROA % of 18.14% is 303.1% 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 Antin Infrastructure Partners and its competitors. For the Asset Management industry, the median ROA % is 4.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Antin Infrastructure Partners's current ROA % is 18.14%, which is near median its own 10-year median of 18.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Antin Infrastructure Partners stock overvalued right now?
Based on GuruFocus' analysis, Antin Infrastructure Partners (FRA:8ZU) is currently considered Modestly Undervalued. The stock's GF Value™ is €12.48, compared to a current price of €9.03 — trading 27.6% below its estimated fair value. The current ROA % is 18.14%, which is near median its 10-year median of 18.97 and 303.1% above the Asset Management industry median of 4.50. Antin Infrastructure Partners' overall GF Score™ is 94/100 with 4 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 Antin Infrastructure Partners (FRA:8ZU), the current ROA % is 18.14% 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 Antin Infrastructure Partners (FRA:8ZU) Overvalued in 2026?

Based on GuruFocus' analysis, Antin Infrastructure Partners stock appears to be undervalued. The current stock price of €9.03 is trading 27.6% below its estimated GF Value™ of €12.48. GuruFocus considers Antin Infrastructure Partners to be Modestly Undervalued.

Key valuation signals for FRA:8ZU:

  • ROA %: 18.14% (near median its 10-year median of 18.97)
  • GF Value™: €12.48 vs. price of €9.03 (27.6% below fair value)
  • GF Score™: 94/100 with 4 warning signs
  • Industry Position: 303.1% above the Asset Management median (#274 of 1633)

No single metric tells the full story. See the FRA:8ZU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Antin Infrastructure Partners Business Description

Address 374 Rue Saint-Honore, Paris, FRA, 75001
Antin Infrastructure Partners is an independent private equity firm focused on infrastructure investments. It manages multiple funds that invest in infrastructure projects in Europe and North America, targeting sectors such as energy and environment, digital, transportation, and social infrastructure, with the objective of generating risk-adjusted returns for investors. The majority of the company's revenue is derived from the Management fees. Geographically, it generates the maximum revenue from France.
94GF Score

Get the complete analysis for FRA:8ZU

ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€9.03
Price
€12.48
GF Value