Onward OpportunitiesLSE:ONWD -2.72%31 ROA % is 23.27% as of Dec. 2025, which is 49% above its 10-year median of 15.64. GuruFocus rates LSE:ONWD with a GF Score™ of 31/100. The stock has 2 warning signs investors should review. Among 1,635 Asset Management companies, Onward Opportunities ranks better than 76.88% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Onward Opportunities's annualizedNet Income for the quarter that ended in Dec. 2025 was £8.89 Mil.
Onward Opportunities's average Total Assets over the quarter that ended in Dec. 2025 was £38.19 Mil. Therefore, Onward Opportunities's annualized ROA % for the quarter that ended in Dec. 2025 was 23.27%.
The historical rank and industry rank for Onward Opportunities's ROA % or its related term are showing as below:
LSE:ONWD'
s ROA % Range Over the Past 10 Years
Min: 11.57 Med: 15.64 Max: 19.71
Current: 12.04
During the past 3 years, Onward Opportunities's highest ROA % was 19.71%. The lowest was 11.57%. And the median was 15.64%.
LSE:ONWD's ROA % is ranked better than 76.88% of 1635
companies
in the Asset Management industry
Industry Median: 3.97
vs LSE:ONWD: 12.04
Onward Opportunities (LSE:ONWD) 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.
* 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, Onward Opportunities'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.
Onward Opportunities ROA % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Onward Opportunities's ROA % distribution charts can be found below:
* The bar in red indicates where Onward Opportunities'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.
Onward Opportunities (LSE:ONWD) has a ROA % of 23.27% 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 Onward Opportunities and its competitors. This is 49% above median its historical median of 15.64. Over the past decade, Onward Opportunities' ROA % has ranged from 11.57 to 19.71. According to the industry distribution chart, Onward Opportunities ranks #378 out of 1635 companies in the Asset Management industry, placing it in the top 23.1%.
Is Onward Opportunities' ROA % too high?
Onward Opportunities' current ROA % of 23.27% is 49% above median its 10-year median of 15.64. Over the past 10 years, this metric has ranged from a low of 11.57 to a high of 19.71. The Asset Management industry median ROA % is 3.97. Onward Opportunities' value of 23.27% is 486.1% above this industry median. Based on the distribution chart, Onward Opportunities ranks #378 out of 1635 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Onward Opportunities has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Onward Opportunities' ROA % compare to BLK and BX?
According to the Asset Management industry distribution chart, Onward Opportunities ranks #378 out of 1635 companies for ROA %. This places Onward Opportunities in the top 23% of its industry — outperforming the majority of peers. The industry median ROA % is 3.97. Onward Opportunities' value of 23.27% is 486.1% above this benchmark. Historically, Onward Opportunities' own ROA % has ranged from 11.57 to 19.71 over the past decade. While the company's 10-year median is 15.64 vs. the industry median of 3.97, Onward Opportunities 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 3.97, based on 1,635 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. Onward Opportunities's current ROA % of 23.27% is 486.1% 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 Onward Opportunities and its competitors. For the Asset Management industry, the median ROA % is 3.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Onward Opportunities's current ROA % is 23.27%, which is 49% above median its own 10-year median of 15.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Onward Opportunities stock overvalued right now?
Onward Opportunities (LSE:ONWD) has a current ROA % of 23.27%. The current ROA % is 23.27%, which is 49% above median its 10-year median of 15.64 and 486.1% above the Asset Management industry median of 3.97. Onward Opportunities' overall GF Score™ is 31/100 with 2 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 Onward Opportunities (LSE:ONWD), the current ROA % is 23.27% 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.
Onward Opportunities Ltd is a non-cellular (closed-ended) company limited by shares. The company's investment objective is to seek to generate risk-adjusted absolute returns for Shareholders through investments in smaller UK companies. Returns are expected to be principally derived from capital growth over a target three to five-year holding period with an appropriate investment risk diversification.
31GF Score
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