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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Saratoga Investment's annualizedNet Income for the quarter that ended in May. 2026 was $-27.61 Mil.
Saratoga Investment's average Total Assets over the quarter that ended in May. 2026 was $1,168.34 Mil. Therefore, Saratoga Investment's annualized ROA % for the quarter that ended in May. 2026 was -2.36%.
The historical rank and industry rank for Saratoga Investment's ROA % or its related term are showing as below:
SAR'
s ROA % Range Over the Past 10 Years
Min: 0.79 Med: 3.43 Max: 11.13
Current: 1.33
During the past 13 years, Saratoga Investment's highest ROA % was 11.13%. The lowest was 0.79%. And the median was 3.43%.
SAR's ROA % is ranked worse than 67.1% of 1632
companies
in the Asset Management industry
Industry Median: 4.37
vs SAR: 1.33
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 (May. 2026) net income data. The Revenue data used here is four times the quarterly (May. 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.
Saratoga Investment ROA % Related Terms
Saratoga Investment ROA % Historical Data
* Premium members only.
The historical data trend for Saratoga Investment'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 Asset Management subindustry, Saratoga Investment'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.
Saratoga Investment ROA % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Saratoga Investment's ROA % distribution charts can be found below:
* The bar in red indicates where Saratoga Investment'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 (May. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Saratoga Investment (SAR) has a ROA % of -2.36% as of May. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Saratoga Investment and its competitors. Over the past decade, Saratoga Investment's ROA % has ranged from 0.79 to 11.13. According to the industry distribution chart, Saratoga Investment ranks #1095 out of 1632 companies in the Asset Management industry, placing it in the top 67.1%.
Is Saratoga Investment's ROA % too high?
Saratoga Investment's current ROA % is -2.36%. Over the past 10 years, this metric has ranged from a low of 0.79 to a high of 11.13. Based on the distribution chart, Saratoga Investment ranks #1095 out of 1632 companies in the Asset Management industry, which is below the industry midpoint. Overall, Saratoga Investment has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Saratoga Investment's ROA % compare to RIV and TEI?
According to the Asset Management industry distribution chart, Saratoga Investment ranks #1095 out of 1632 companies for ROA %. This places Saratoga Investment in the lower half of its industry. The industry median ROA % is 4.37. Historically, Saratoga Investment's own ROA % has ranged from 0.79 to 11.13 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 Asset Management company?
The median ROA % among Asset Management companies is 4.37, based on 1,632 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 Saratoga Investment and its competitors. For the Asset Management industry, the median ROA % is 4.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saratoga Investment's current ROA % is -2.36%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saratoga Investment stock overvalued right now?
Based on GuruFocus' analysis, Saratoga Investment (SAR) is currently considered Significantly Overvalued. The stock's GF Value™ is $13.55, compared to a current price of $18.80 — trading 38.7% above its estimated fair value. The current ROA % is -2.36%. Saratoga Investment's overall GF Score™ is 45/100 with 7 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 Saratoga Investment (SAR), the current ROA % is -2.36% as of May. 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 Saratoga Investment (SAR) Overvalued in 2026?
Based on GuruFocus' analysis, Saratoga Investment stock appears to be overvalued.
The current stock price of $18.80 is trading 38.7% above its estimated GF Value™ of $13.55.
GuruFocus considers Saratoga Investment to be Significantly Overvalued.
Key valuation signals for SAR:
ROA %: -2.36%
GF Value™: $13.55 vs. price of $18.80 (38.7% above fair value)
No single metric tells the full story. See the SAR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Saratoga Investment Corp is a specialty finance company that provides customized financing solutions to U.S. middle-market businesses. The company invests in senior and unitranche leveraged loans and mezzanine debt, and, to a lesser extent, equity to provide financing for change of ownership transactions, strategic acquisitions, recapitalizations and growth initiatives in partnership with business owners, management teams and financial sponsors. Its objective is to create attractive risk-adjusted returns by generating current income and long-term capital appreciation from its debt and equity investments.
45GF Score
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