abrdn Asia Focus (LSE:AAS) ROE %: 20.77% (As of Jan. 2026) — 177% Above Median


LSE:AAS abrdn Asia Focus PLC LSE:AAS
41 GF Score
Price £4.38
GF Value £8.00
Valuation Possible Value Trap
! 6 Warning Signs
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What is abrdn Asia Focus ROE %?

abrdn Asia Focus LSE:AAS 41 ROE % is 20.77% as of Jan. 2026, which is 177% above its 10-year median of 7.49. GuruFocus rates LSE:AAS with a GF Score™ of 41/100 and a GF Value™ of £8.00 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,615 Asset Management companies, abrdn Asia Focus ranks better than 82.72% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. abrdn Asia Focus's annualized net income for the quarter that ended in Jan. 2026 was £119.6 Mil. abrdn Asia Focus's average Total Stockholders Equity over the quarter that ended in Jan. 2026 was £575.7 Mil. Therefore, abrdn Asia Focus's annualized ROE % for the quarter that ended in Jan. 2026 was 20.77%.

The historical rank and industry rank for abrdn Asia Focus's ROE % or its related term are showing as below:

LSE:AAS' s ROE % Range Over the Past 10 Years
Min: -15.1   Med: 7.49   Max: 34.59
Current: 20.49

During the past 13 years, abrdn Asia Focus's highest ROE % was 34.59%. The lowest was -15.10%. And the median was 7.49%.

LSE:AAS's ROE % is ranked better than
82.72% of 1615 companies
in the Asset Management industry
Industry Median: 6.35 vs LSE:AAS: 20.49

abrdn Asia Focus  (LSE:AAS) 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:

ROE %(Q: Jan. 2026 )
=Net Income/Total Stockholders Equity
=119.558/575.6845
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(119.558 / 117.14)*(117.14 / 647.0145)*(647.0145 / 575.6845)
=Net Margin %*Asset Turnover*Equity Multiplier
=102.06 %*0.181*1.1239
=ROA %*Equity Multiplier
=18.47 %*1.1239
=20.77 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Jan. 2026 )
=Net Income/Total Stockholders Equity
=119.558/575.6845
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (119.558 / 115.712) * (115.712 / 117.14) * (117.14 / 647.0145) * (647.0145 / 575.6845)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 1.0332 * 98.78 % * 0.181 * 1.1239
=20.77 %

Note: The net income data used here is two times the semi-annual (Jan. 2026) net income data. The Revenue data used here is two times the semi-annual (Jan. 2026) 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.


abrdn Asia Focus ROE % Related Terms


abrdn Asia Focus ROE % Historical Data

* Premium members only.

The historical data trend for abrdn Asia Focus'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.

abrdn Asia Focus ROE % Chart

abrdn Asia Focus Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.59 -2.31 7.41 7.56 16.96

abrdn Asia Focus Semi-Annual Data
Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.33 17.70 13.85 20.17 20.77

LSE:AAS vs BLK, BX, KKR: ROE % Comparison

For the Asset Management subindustry, abrdn Asia Focus'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.


abrdn Asia Focus ROE % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, abrdn Asia Focus's ROE % distribution charts can be found below:

* The bar in red indicates where abrdn Asia Focus's ROE % falls into.


LSE:AAS
41GF Score
abrdn Asia Focus PLC LSE:AAS
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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abrdn Asia Focus ROE % Calculation

abrdn Asia Focus's annualized ROE % for the fiscal year that ended in Jul. 2025 is calculated as

ROE %=Net Income (A: Jul. 2025 )/( (Total Stockholders Equity (A: Jul. 2024 )+Total Stockholders Equity (A: Jul. 2025 ))/ count )
=89.935/( (502.26+558.593)/ 2 )
=89.935/530.4265
=16.96 %

abrdn Asia Focus's annualized ROE % for the quarter that ended in Jan. 2026 is calculated as

ROE %=Net Income (Q: Jan. 2026 )/( (Total Stockholders Equity (Q: Jul. 2025 )+Total Stockholders Equity (Q: Jan. 2026 ))/ count )
=119.558/( (558.593+592.776)/ 2 )
=119.558/575.6845
=20.77 %

* 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 (Jan. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 20.77% mean?
abrdn Asia Focus (LSE:AAS) has a ROE % of 20.77% as of Jan. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on abrdn Asia Focus and its competitors. This is 177% above median its historical median of 7.49. According to the industry distribution chart, abrdn Asia Focus ranks #279 out of 1615 companies in the Asset Management industry, placing it in the top 17.3%.
Is abrdn Asia Focus' ROE % too high?
abrdn Asia Focus' current ROE % of 20.77% is 177% above median its 10-year median of 7.49. The Asset Management industry median ROE % is 6.35. abrdn Asia Focus' value of 20.77% is 227.1% above this industry median. Based on the distribution chart, abrdn Asia Focus ranks #279 out of 1615 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, abrdn Asia Focus has a GF Score™ of 41/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does abrdn Asia Focus' ROE % compare to BLK and BX?
According to the Asset Management industry distribution chart, abrdn Asia Focus ranks #279 out of 1615 companies for ROE %. This places abrdn Asia Focus in the top 17% of its industry — outperforming the majority of peers. The industry median ROE % is 6.35. abrdn Asia Focus' value of 20.77% is 227.1% above this benchmark. While the company's 10-year median is 7.49 vs. the industry median of 6.35, abrdn Asia Focus 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 ROE % for an Asset Management company?
The median ROE % among Asset Management companies is 6.35, based on 1,615 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. abrdn Asia Focus's current ROE % of 20.77% is 227.1% 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 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 abrdn Asia Focus and its competitors. For the Asset Management industry, the median ROE % is 6.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. abrdn Asia Focus's current ROE % is 20.77%, which is 177% above median its own 10-year median of 7.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is abrdn Asia Focus stock overvalued right now?
Based on GuruFocus' analysis, abrdn Asia Focus (LSE:AAS) is currently considered Possible Value Trap. The stock's GF Value™ is £8.00, compared to a current price of £4.38 — trading 45.3% below its estimated fair value. The current ROE % is 20.77%, which is 177% above median its 10-year median of 7.49 and 227.1% above the Asset Management industry median of 6.35. abrdn Asia Focus' overall GF Score™ is 41/100 with 6 warning signs to review. 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 abrdn Asia Focus (LSE:AAS), the current ROE % is 20.77% as of Jan. 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 abrdn Asia Focus (LSE:AAS) Overvalued in 2026?

Based on GuruFocus' analysis, abrdn Asia Focus stock appears to be undervalued. The current stock price of £4.38 is trading 45.3% below its estimated GF Value™ of £8.00. GuruFocus considers abrdn Asia Focus to be Possible Value Trap.

Key valuation signals for LSE:AAS:

  • ROE %: 20.77% (177% above median its 10-year median of 7.49)
  • GF Value™: £8.00 vs. price of £4.38 (45.3% below fair value)
  • GF Score™: 41/100 with 6 warning signs
  • Industry Position: 227.1% above the Asset Management median (#279 of 1615)

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


abrdn Asia Focus Business Description

Address 280 Bishopsgate, London, GBR, EC2M 4AG
abrdn Asia Focus PLC is a closed-end investment company listed on the London Stock Exchange. The company focuses on identifying and investing in well-managed smaller companies across Asia (excluding Japan) that demonstrate strong growth potential. The company aims to maximise total return to shareholders over the long term from a portfolio made up predominantly of quoted smaller companies. Its investments span multiple industries and economies, generating returns through capital appreciation. The company is engaged in a single segment of business activity, being investment business.
41GF Score

Get the complete analysis for LSE:AAS

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

£4.38
Price
£8.00
GF Value