ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Skagi hf's annualizedNet Income for the quarter that ended in Mar. 2026 was kr-1,343 Mil.
Skagi hf's average Total Assets over the quarter that ended in Mar. 2026 was kr86,133 Mil. Therefore, Skagi hf's annualized ROA % for the quarter that ended in Mar. 2026 was -1.56%.
The historical rank and industry rank for Skagi hf's ROA % or its related term are showing as below:
OISE:VIS'
s ROA % Range Over the Past 10 Years
Min: 1.72 Med: 3.2 Max: 13.5
Current: 3.46
During the past 13 years, Skagi hf's highest ROA % was 13.50%. The lowest was 1.72%. And the median was 3.20%.
OISE:VIS's ROA % is ranked better than 59.88% of 506
companies
in the Insurance industry
Industry Median: 2.7
vs OISE:VIS: 3.46
Skagi hf (OISE:VIS) 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.
Skagi hf ROA % Related Terms
Skagi hf ROA % Historical Data
* Premium members only.
The historical data trend for Skagi hf'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 Insurance - Diversified subindustry, Skagi hf'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.
Skagi hf ROA % vs Insurance Industry
For the Insurance industry and Financial Services sector, Skagi hf's ROA % distribution charts can be found below:
* The bar in red indicates where Skagi hf'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.
Skagi hf (OISE:VIS) has a ROA % of -1.56% 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 Skagi hf and its competitors. Over the past decade, Skagi hf's ROA % has ranged from 1.72 to 13.50. According to the industry distribution chart, Skagi hf ranks #203 out of 506 companies in the Insurance industry, placing it in the top 40.1%.
Is Skagi hf's ROA % too high?
Skagi hf's current ROA % is -1.56%. Over the past 10 years, this metric has ranged from a low of 1.72 to a high of 13.50. Based on the distribution chart, Skagi hf ranks #203 out of 506 companies in the Insurance industry, which is above the industry midpoint. Overall, Skagi hf has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Skagi hf's ROA % compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Skagi hf ranks #203 out of 506 companies for ROA %. This puts Skagi hf in the upper half of its industry. The industry median ROA % is 2.70. Historically, Skagi hf's own ROA % has ranged from 1.72 to 13.50 over the past decade. 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 Insurance company?
The median ROA % among Insurance companies is 2.70, based on 506 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. 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 Skagi hf and its competitors. For the Insurance industry, the median ROA % is 2.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Skagi hf's current ROA % is -1.56%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Skagi hf stock overvalued right now?
Based on GuruFocus' analysis, Skagi hf (OISE:VIS) is currently considered Modestly Undervalued. The stock's GF Value™ is kr21.93, compared to a current price of kr18.10 — trading 17.5% below its estimated fair value. The current ROA % is -1.56%. Skagi hf's 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 Skagi hf (OISE:VIS), the current ROA % is -1.56% 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 Skagi hf (OISE:VIS) Overvalued in 2026?
Based on GuruFocus' analysis, Skagi hf stock appears to be undervalued.
The current stock price of kr18.10 is trading 17.5% below its estimated GF Value™ of kr21.93.
GuruFocus considers Skagi hf to be Modestly Undervalued.
Key valuation signals for OISE:VIS:
ROA %: -1.56%
GF Value™: kr21.93 vs. price of kr18.10 (17.5% below fair value)
No single metric tells the full story. See the OISE:VIS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Skagi hf is engaged in financial services sector. The Group operates through three operating segments: Insurance Operations, Insurance Investments, and Financial Services. Insurance Operations comprises the core insurance activities, including the underwriting of life, health, and general insurance products. Insurance Investments includes the management of assets backing insurance liabilities as well as proprietary investment activities. The Financial Services segment comprises activities such as asset management, loans to customers, and other noninsurance financial products. Key revenue is generated from Insurance operations.
70GF Score
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