AJ Lucas GroupASX:AJL ROE % is Negative Equity% as of Dec. 2025. The stock has 5 warning signs investors should review. Among 618 Steel companies, AJ Lucas Group ranks better than 99.84% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. AJ Lucas Group's annualized net income for the quarter that ended in Dec. 2025 was A$77.2 Mil. AJ Lucas Group's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was A$-54.1 Mil. Therefore, AJ Lucas Group's annualized ROE % for the quarter that ended in Dec. 2025 was Negative Equity%.
The historical rank and industry rank for AJ Lucas Group's ROE % or its related term are showing as below:
ASX:AJL'
s ROE % Range Over the Past 10 Years
Min: -1631.97 Med: -18.42 Max: 3.73
Current: Negative Equity
During the past 13 years, AJ Lucas Group's highest ROE % was 3.73%. The lowest was -1,631.97%. And the median was -18.42%.
ASX:AJL's ROE % is ranked better than 99.84% of 618
companies
in the Steel industry
Industry Median: 3.72
vs ASX:AJL: Negative Equity
AJ Lucas Group (ASX:AJL) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
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. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
AJ Lucas Group ROE % Related Terms
AJ Lucas Group ROE % Historical Data
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The historical data trend for AJ Lucas Group's ROE % 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 Coking Coal subindustry, AJ Lucas Group's ROE %, along with its competitors' market caps and ROE % 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.
AJ Lucas Group ROE % vs Steel Industry
For the Steel industry and Basic Materials sector, AJ Lucas Group's ROE % distribution charts can be found below:
* The bar in red indicates where AJ Lucas Group's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder equity 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.
ROE % is displayed in the 30-year financial page.
* Note that if the average Total Stockholders Equity is zero or negative, then ROE % would be considered meaningless and hence not be calculated.
AJ Lucas Group (ASX:AJL) has a ROE % of Negative Equity% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on AJ Lucas Group and its competitors. According to the industry distribution chart, AJ Lucas Group ranks #1 out of 618 companies in the Steel industry, placing it in the top 0.2%.
Is AJ Lucas Group's ROE % too high?
AJ Lucas Group's current ROE % is Negative Equity%. Based on the distribution chart, AJ Lucas Group ranks #1 out of 618 companies in the Steel industry, which is in the top quartile — a strong position relative to peers.
How does AJ Lucas Group's ROE % compare to HCC and AMR?
According to the Steel industry distribution chart, AJ Lucas Group ranks #1 out of 618 companies for ROE %. This places AJ Lucas Group in the top 0% of its industry — outperforming the majority of peers. The industry median ROE % is 3.72. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Steel company?
The median ROE % among Steel companies is 3.72, based on 618 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % 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 % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on AJ Lucas Group and its competitors. For the Steel industry, the median ROE % is 3.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AJ Lucas Group's current ROE % is Negative Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AJ Lucas Group stock overvalued right now?
Based on GuruFocus' analysis, AJ Lucas Group (ASX:AJL) is currently considered Modestly Undervalued. The stock's GF Value™ is A$0.01, compared to a current price of A$0.01 — trading 20% below its estimated fair value. The current ROE % is Negative Equity%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For AJ Lucas Group (ASX:AJL), the current ROE % is Negative Equity% 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.
AJ Lucas Group Ltd is a provider of drilling services to the Australian coal industry, and an operator, through its subsidiary Cuadrilla Resources Holdings Limited, of exploration and appraisal of conventional and unconventional oil and gas prospects in the United Kingdom (UK). The Group is structured with two principal operating segments: Drilling (Australian operations) provides drilling services to the energy and resources sectors, but focuses on delivering a suite of degasification and exploration drilling and related services to Australian metallurgical coal mines; Oil & Gas Operations (UK investments operations) include the Exploration of unconventional and conventional hydrocarbons in the UK. It generates the majority of revenue from the Australian Operations segment.
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