Onward OpportunitiesLSE:ONWD -2.72%31 ROE % is 23.50% as of Dec. 2025, which is 48% above its 10-year median of 15.92. GuruFocus rates LSE:ONWD with a GF Score™ of 31/100. The stock has 2 warning signs investors should review. Among 1,612 Asset Management companies, Onward Opportunities ranks better than 69.29% on this metric.
The historical rank and industry rank for Onward Opportunities's ROE % or its related term are showing as below:
LSE:ONWD'
s ROE % Range Over the Past 10 Years
Min: 11.77 Med: 15.92 Max: 20.07
Current: 12.2
During the past 3 years, Onward Opportunities's highest ROE % was 20.07%. The lowest was 11.77%. And the median was 15.92%.
LSE:ONWD's ROE % is ranked better than 69.29% of 1612
companies
in the Asset Management industry
Industry Median: 6.395
vs LSE:ONWD: 12.20
Onward Opportunities (LSE:ONWD) 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.
* 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, Onward Opportunities'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.
Onward Opportunities ROE % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Onward Opportunities's ROE % distribution charts can be found below:
* The bar in red indicates where Onward Opportunities'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.
Onward Opportunities (LSE:ONWD) has a ROE % of 23.50% 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 Onward Opportunities and its competitors. This is 48% above median its historical median of 15.92. Over the past decade, Onward Opportunities' ROE % has ranged from 11.77 to 20.07. According to the industry distribution chart, Onward Opportunities ranks #495 out of 1612 companies in the Asset Management industry, placing it in the top 30.7%.
Is Onward Opportunities' ROE % too high?
Onward Opportunities' current ROE % of 23.50% is 48% above median its 10-year median of 15.92. Over the past 10 years, this metric has ranged from a low of 11.77 to a high of 20.07. The Asset Management industry median ROE % is 6.40. Onward Opportunities' value of 23.50% is 267.5% above this industry median. Based on the distribution chart, Onward Opportunities ranks #495 out of 1612 companies in the Asset Management industry, which is above the industry midpoint. Overall, Onward Opportunities has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Onward Opportunities' ROE % compare to BLK and BX?
According to the Asset Management industry distribution chart, Onward Opportunities ranks #495 out of 1612 companies for ROE %. This puts Onward Opportunities in the upper half of its industry. The industry median ROE % is 6.40. Onward Opportunities' value of 23.50% is 267.5% above this benchmark. Historically, Onward Opportunities' own ROE % has ranged from 11.77 to 20.07 over the past decade. While the company's 10-year median is 15.92 vs. the industry median of 6.40, Onward Opportunities 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 6.40, based on 1,612 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. Onward Opportunities's current ROE % of 23.50% is 267.5% 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 Onward Opportunities and its competitors. For the Asset Management industry, the median ROE % is 6.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Onward Opportunities's current ROE % is 23.50%, which is 48% above median its own 10-year median of 15.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Onward Opportunities stock overvalued right now?
Onward Opportunities (LSE:ONWD) has a current ROE % of 23.50%. The current ROE % is 23.50%, which is 48% above median its 10-year median of 15.92 and 267.5% above the Asset Management industry median of 6.40. Onward Opportunities' overall GF Score™ is 31/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Onward Opportunities (LSE:ONWD), the current ROE % is 23.50% 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.
Onward Opportunities Ltd is a non-cellular (closed-ended) company limited by shares. The company's investment objective is to seek to generate risk-adjusted absolute returns for Shareholders through investments in smaller UK companies. Returns are expected to be principally derived from capital growth over a target three to five-year holding period with an appropriate investment risk diversification.
31GF Score
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