Ashmore GroupLSE:ASHM +0.15%79 ROE % is 17.86% as of Dec. 2025, which is 10% below its 10-year median of 19.80. GuruFocus rates LSE:ASHM with a GF Score™ of 79/100 and a GF Value™ of £1.44 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,615 Asset Management companies, Ashmore Group ranks better than 74.24% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Ashmore Group's annualized net income for the quarter that ended in Dec. 2025 was £138.8 Mil. Ashmore Group's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was £777.2 Mil. Therefore, Ashmore Group's annualized ROE % for the quarter that ended in Dec. 2025 was 17.86%.
The historical rank and industry rank for Ashmore Group's ROE % or its related term are showing as below:
LSE:ASHM'
s ROE % Range Over the Past 10 Years
Min: 9.04 Med: 19.8 Max: 27.16
Current: 14.35
During the past 13 years, Ashmore Group's highest ROE % was 27.16%. The lowest was 9.04%. And the median was 19.80%.
LSE:ASHM's ROE % is ranked better than 74.24% of 1615
companies
in the Asset Management industry
Industry Median: 6.35
vs LSE:ASHM: 14.35
Ashmore Group (LSE:ASHM) 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.
Ashmore Group ROE % Related Terms
Ashmore Group ROE % Historical Data
* Premium members only.
The historical data trend for Ashmore 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 Asset Management subindustry, Ashmore 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.
Ashmore Group ROE % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Ashmore Group's ROE % distribution charts can be found below:
* The bar in red indicates where Ashmore 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.
Ashmore Group (LSE:ASHM) has a ROE % of 17.86% 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 Ashmore Group and its competitors. This is 10% below median its historical median of 19.80. Over the past decade, Ashmore Group's ROE % has ranged from 9.04 to 27.16. According to the industry distribution chart, Ashmore Group ranks #416 out of 1615 companies in the Asset Management industry, placing it in the top 25.8%.
Is Ashmore Group's ROE % too high?
Ashmore Group's current ROE % of 17.86% is 10% below median its 10-year median of 19.80. Over the past 10 years, this metric has ranged from a low of 9.04 to a high of 27.16. The Asset Management industry median ROE % is 6.35. Ashmore Group's value of 17.86% is 181.3% above this industry median. Based on the distribution chart, Ashmore Group ranks #416 out of 1615 companies in the Asset Management industry, which is above the industry midpoint. Overall, Ashmore Group has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ashmore Group's ROE % compare to BLK and BX?
According to the Asset Management industry distribution chart, Ashmore Group ranks #416 out of 1615 companies for ROE %. This puts Ashmore Group in the upper half of its industry. The industry median ROE % is 6.35. Ashmore Group's value of 17.86% is 181.3% above this benchmark. Historically, Ashmore Group's own ROE % has ranged from 9.04 to 27.16 over the past decade. While the company's 10-year median is 19.80 vs. the industry median of 6.35, Ashmore Group 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. Ashmore Group's current ROE % of 17.86% is 181.3% 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 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 Ashmore Group 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. Ashmore Group's current ROE % is 17.86%, which is 10% below median its own 10-year median of 19.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ashmore Group stock overvalued right now?
Based on GuruFocus' analysis, Ashmore Group (LSE:ASHM) is currently considered Significantly Overvalued. The stock's GF Value™ is £1.44, compared to a current price of £1.97 — trading 36.7% above its estimated fair value. The current ROE % is 17.86%, which is 10% below median its 10-year median of 19.80 and 181.3% above the Asset Management industry median of 6.35. Ashmore Group's overall GF Score™ is 79/100 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 Ashmore Group (LSE:ASHM), the current ROE % is 17.86% 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 Ashmore Group (LSE:ASHM) Overvalued in 2026?
Based on GuruFocus' analysis, Ashmore Group stock appears to be overvalued.
The current stock price of £1.97 is trading 36.7% above its estimated GF Value™ of £1.44.
GuruFocus considers Ashmore Group to be Significantly Overvalued.
Key valuation signals for LSE:ASHM:
ROE %: 17.86% (10% below median its 10-year median of 19.80)
GF Value™: £1.44 vs. price of £1.97 (36.7% above fair value)
Industry Position: 181.3% above the Asset Management median (#416 of 1615)
No single metric tells the full story. See the LSE:ASHM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ashmore Group PLC is a value-oriented asset management firm that focuses its investments on emerging markets. It offers a diverse range of both traditional and alternative investment strategies to its client base globally, including both institutional and retail investors. The company invests in sovereign debt instruments, currencies, corporate debt, equities, derivatives, private equity, real estate, distressed debt, and other special situations. The firm reports on changes in assets under management as the majority of its revenue is derived from management fees. The company also benefits from performance fees on its investments. Geographically, the group derives maximum revenue from the United Kingdom and Ireland, followed by the Americas, and Asia and the Middle East.
79GF Score
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