Qualitas (ASX:QAL) ROE % Adjusted to Book Value: 3.94% (As of Dec. 2025)


ASX:QAL Qualitas Ltd ASX:QAL
62 GF Score
Price A$3.01
GF Value A$3.18
Valuation Fairly Valued
! 2 Warning Signs
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What is Qualitas ROE % Adjusted to Book Value?

Qualitas ASX:QAL -2.27% 62 ROE % Adjusted to Book Value is 3.94% as of Dec. 2025. GuruFocus rates ASX:QAL with a GF Score™ of 62/100 and a GF Value™ of A$3.18 (Fairly Valued). The stock has 2 warning signs investors should review.

Qualitas's ROE % for the quarter that ended in Dec. 2025 was 10.84%. Qualitas's PB Ratio for the quarter that ended in Dec. 2025 was 2.75. Qualitas's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 was 3.94%.

Qualitas ROE % Adjusted to Book Value Related Terms

Qualitas ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for Qualitas's ROE % Adjusted to Book Value 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.

Qualitas ROE % Adjusted to Book Value Chart

Qualitas Annual Data
Trend Jun21 Jun22 Jun23 Jun24 Jun25
ROE % Adjusted to Book Value
0.00 2.72 2.90 3.82 3.36

Qualitas Semi-Annual Data
Jun21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROE % Adjusted to Book Value Get a 7-Day Free Trial Premium Member Only 3.66 3.99 4.06 3.44 3.94

ASX:QAL vs BLK, BX, KKR: ROE % Adjusted to Book Value Comparison

For the Asset Management subindustry, Qualitas's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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.

Qualitas ROE % Adjusted to Book Value vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Qualitas's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Qualitas's ROE % Adjusted to Book Value falls into.


ASX:QAL
62GF Score
Qualitas Ltd ASX:QAL
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Qualitas ROE % Adjusted to Book Value Calculation

Qualitas's ROE % Adjusted to Book Value for the fiscal year that ended in Jun. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=8.94% / 2.66
=3.36%

Qualitas's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=10.84% / 2.75
=3.94%

* 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.

What does a ROE % Adjusted to Book Value of 3.94% mean?
Qualitas (ASX:QAL) has a ROE % Adjusted to Book Value of 3.94% as of Dec. 2025. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Qualitas and its competitors.
Is Qualitas' ROE % Adjusted to Book Value too high?
Qualitas' current ROE % Adjusted to Book Value is 3.94%. Overall, Qualitas has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Qualitas' ROE % Adjusted to Book Value compare to BLK and BX?
Qualitas' ROE % Adjusted to Book Value of 3.94% can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for an Asset Management company?
A good ROE % Adjusted to Book Value depends on the Asset Management industry context. However, ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Qualitas and its competitors. Qualitas's current ROE % Adjusted to Book Value is 3.94%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qualitas stock overvalued right now?
Based on GuruFocus' analysis, Qualitas (ASX:QAL) is currently considered Fairly Valued. The stock's GF Value™ is A$3.18, compared to a current price of A$3.01 — trading 5.3% below its estimated fair value. The current ROE % Adjusted to Book Value is 3.94%. Qualitas' overall GF Score™ is 62/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Qualitas (ASX:QAL), the current ROE % Adjusted to Book Value is 3.94% 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 Qualitas (ASX:QAL) Overvalued in 2026?

Based on GuruFocus' analysis, Qualitas stock appears to be undervalued. The current stock price of A$3.01 is trading 5.3% below its estimated GF Value™ of A$3.18. GuruFocus considers Qualitas to be Fairly Valued.

Key valuation signals for ASX:QAL:

  • ROE % Adjusted to Book Value: 3.94%
  • GF Value™: A$3.18 vs. price of A$3.01 (5.3% below fair value)
  • GF Score™: 62/100 with 2 warning signs

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

Qualitas Business Description

Address 120 Collins Street, Level 38, Melbourne, VIC, AUS, 3000
Qualitas Ltd is an alternative real estate investment manager focused on private credit and equity across commercial real estate sectors. The Group has identified two operating segments Funds Management and Direct Lending. Maximum revenue is generated from its Funds Management segment which includes all of its core Funds management activities and includes Funds management fees, performance fees, and other fee income. It also includes dividends and distributions from Qualitas' Investment and Direct Lending activities. The Direct Lending segment relates to the interest income and expenses relating to activities undertaken by the company's subsidiaries.
62GF Score

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

A$3.01
Price
A$3.18
GF Value