ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Steel Partners Holdings LP's annualizedNet Income for the quarter that ended in Sep. 2025 was $285 Mil.
Steel Partners Holdings LP's average Total Assets over the quarter that ended in Sep. 2025 was $3,751 Mil. Therefore, Steel Partners Holdings LP's annualized ROA % for the quarter that ended in Sep. 2025 was 7.59%.
The historical rank and industry rank for Steel Partners Holdings LP's ROA % or its related term are showing as below:
SPLP'
s ROA % Range Over the Past 10 Years
Min: -1.44 Med: 3.98 Max: 8.61
Current: 6.9
During the past 13 years, Steel Partners Holdings LP's highest ROA % was 8.61%. The lowest was -1.44%. And the median was 3.98%.
SPLP's ROA % is not ranked
in the Conglomerates industry.
Industry Median: 2.47
vs SPLP: 6.90
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 (Sep. 2025) net income data. The Revenue data used here is four times the quarterly (Sep. 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 Conglomerates subindustry, Steel Partners Holdings LP'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.
Steel Partners Holdings LP ROA % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Steel Partners Holdings LP's ROA % distribution charts can be found below:
* The bar in red indicates where Steel Partners Holdings LP'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 (Sep. 2025) net income data.
ROA % is displayed in the 30-year financial page.
Steel Partners Holdings LP (SPLP) has a ROA % of 7.59% as of Sep. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Steel Partners Holdings LP and its competitors. This is 91% above median its historical median of 3.98.
Is Steel Partners Holdings LP's ROA % too high?
Steel Partners Holdings LP's current ROA % of 7.59% is 91% above median its 10-year median of 3.98. The Conglomerates industry median ROA % is 2.47. Steel Partners Holdings LP's value of 7.59% is 207.3% above this industry median. Overall, Steel Partners Holdings LP has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does Steel Partners Holdings LP's ROA % compare to MATW and DLX?
Steel Partners Holdings LP's ROA % of 7.59% can be compared against companies in the Conglomerates industry. The industry median ROA % is 2.47. Steel Partners Holdings LP's value of 7.59% is 207.3% above this benchmark. While the company's 10-year median is 3.98 vs. the industry median of 2.47, Steel Partners Holdings LP 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 a Conglomerates company?
The median ROA % among Conglomerates companies is 2.47, based on 565 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. Steel Partners Holdings LP's current ROA % of 7.59% is 207.3% 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 Steel Partners Holdings LP and its competitors. For the Conglomerates industry, the median ROA % is 2.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Steel Partners Holdings LP's current ROA % is 7.59%, which is 91% above median its own 10-year median of 3.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steel Partners Holdings LP stock overvalued right now?
Steel Partners Holdings LP (SPLP) has a current ROA % of 7.59%. The stock's GF Value™ is $51.26, compared to a current price of $50.00 — trading 2.5% below its estimated fair value. The current ROA % is 7.59%, which is 91% above median its 10-year median of 3.98 and 207.3% above the Conglomerates industry median of 2.47. Steel Partners Holdings LP's overall GF Score™ is 66/100 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 Steel Partners Holdings LP (SPLP), the current ROA % is 7.59% as of Sep. 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 Steel Partners Holdings LP (SPLP) Overvalued in 2026?
Based on GuruFocus' analysis, Steel Partners Holdings LP stock appears to be undervalued.
The current stock price of $50.00 is trading 2.5% below its estimated GF Value™ of $51.26.
Key valuation signals for SPLP:
ROA %: 7.59% (91% above median its 10-year median of 3.98)
GF Value™: $51.26 vs. price of $50.00 (2.5% below fair value)
Industry Position: 207.3% above the Conglomerates median
No single metric tells the full story. See the SPLP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Steel Partners Holdings LP operates in industrial products, energy, defense, supply chain management and logistics, banking, and youth sports industries. Its segments include the Diversified Industrial segment comprised of manufacturers of engineered niche industrial products, joining materials, tubing, building materials, performance materials etc; the Energy segment provides drilling and production services to the oil and gas industry and owns a youth sports business; the Financial Services segment consists of the operations of WebBank, a Utah chartered industrial bank, which engages in full range of banking activities; The Supply Chain segment consists of end-to-end world-wide supply; and Corporate and Other consists of equity method and other investments, and cash and cash equivalents.
66GF Score
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