Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
NMDC Group PJSCADX:NMDC -0.51%85 Return-on-Tangible-Asset is 11.98% as of Jun. 2026, which is 92% above its 10-year median of 6.24. GuruFocus rates ADX:NMDC with a GF Score™ of 85/100 and a GF Value™ of د.إ28.20 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,786 Construction companies, NMDC Group PJSC ranks better than 82.81% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. NMDC Group PJSC's annualizedNet Income for the quarter that ended in Jun. 2026 was د.إ4,719 Mil. NMDC Group PJSC's average total tangible assets for the quarter that ended in Jun. 2026 was د.إ39,379 Mil. Therefore, NMDC Group PJSC's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 11.98%.
The historical rank and industry rank for NMDC Group PJSC's Return-on-Tangible-Asset or its related term are showing as below:
ADX:NMDC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.27 Med: 6.24 Max: 11.68
Current: 9.13
During the past 13 years, NMDC Group PJSC's highest Return-on-Tangible-Asset was 11.68%. The lowest was 1.27%. And the median was 6.24%.
ADX:NMDC's Return-on-Tangible-Asset is ranked better than 82.81% of 1786
companies
in the Construction industry
Industry Median: 3.055
vs ADX:NMDC: 9.13
NMDC Group PJSC (ADX:NMDC) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
NMDC Group PJSC Return-on-Tangible-Asset Related Terms
NMDC Group PJSC Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for NMDC Group PJSC's Return-on-Tangible-Asset 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.
ADX:NMDC vs PWR, FIX, EME: Return-on-Tangible-Asset Comparison
For the Engineering & Construction subindustry, NMDC Group PJSC's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
NMDC Group PJSC Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, NMDC Group PJSC's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where NMDC Group PJSC's Return-on-Tangible-Asset 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 Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 11.98% mean?
NMDC Group PJSC (ADX:NMDC) has a Return-on-Tangible-Asset of 11.98% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on NMDC Group PJSC and its competitors. This is 92% above median its historical median of 6.24. Over the past decade, NMDC Group PJSC's Return-on-Tangible-Asset has ranged from 1.27 to 11.68. According to the industry distribution chart, NMDC Group PJSC ranks #307 out of 1786 companies in the Construction industry, placing it in the top 17.2%.
Is NMDC Group PJSC's Return-on-Tangible-Asset too high?
NMDC Group PJSC's current Return-on-Tangible-Asset of 11.98% is 92% above median its 10-year median of 6.24. Over the past 10 years, this metric has ranged from a low of 1.27 to a high of 11.68. The Construction industry median Return-on-Tangible-Asset is 3.06. NMDC Group PJSC's value of 11.98% is 292.1% above this industry median. Based on the distribution chart, NMDC Group PJSC ranks #307 out of 1786 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, NMDC Group PJSC has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NMDC Group PJSC's Return-on-Tangible-Asset compare to PWR and FIX?
According to the Construction industry distribution chart, NMDC Group PJSC ranks #307 out of 1786 companies for Return-on-Tangible-Asset. This places NMDC Group PJSC in the top 17% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.06. NMDC Group PJSC's value of 11.98% is 292.1% above this benchmark. Historically, NMDC Group PJSC's own Return-on-Tangible-Asset has ranged from 1.27 to 11.68 over the past decade. While the company's 10-year median is 6.24 vs. the industry median of 3.06, NMDC Group PJSC 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 Return-on-Tangible-Asset for a Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.06, based on 1,786 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NMDC Group PJSC's current Return-on-Tangible-Asset of 11.98% is 292.1% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on NMDC Group PJSC and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NMDC Group PJSC's current Return-on-Tangible-Asset is 11.98%, which is 92% above median its own 10-year median of 6.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NMDC Group PJSC stock overvalued right now?
Based on GuruFocus' analysis, NMDC Group PJSC (ADX:NMDC) is currently considered Modestly Undervalued. The stock's GF Value™ is د.إ28.20, compared to a current price of د.إ23.40 — trading 17% below its estimated fair value. The current Return-on-Tangible-Asset is 11.98%, which is 92% above median its 10-year median of 6.24 and 292.1% above the Construction industry median of 3.06. NMDC Group PJSC's overall GF Score™ is 85/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For NMDC Group PJSC (ADX:NMDC), the current Return-on-Tangible-Asset is 11.98% as of Jun. 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 NMDC Group PJSC (ADX:NMDC) Overvalued in 2026?
Based on GuruFocus' analysis, NMDC Group PJSC stock appears to be undervalued.
The current stock price of د.إ23.40 is trading 17% below its estimated GF Value™ of د.إ28.20.
GuruFocus considers NMDC Group PJSC to be Modestly Undervalued.
Key valuation signals for ADX:NMDC:
Return-on-Tangible-Asset: 11.98% (92% above median its 10-year median of 6.24)
GF Value™: د.إ28.20 vs. price of د.إ23.40 (17% below fair value)
Industry Position: 292.1% above the Construction median (#307 of 1786)
No single metric tells the full story. See the ADX:NMDC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NMDC Group PJSC operates as an integrated provider of Engineering, Procurement and Construction (EPC) services for onshore, offshore, and marine projects. The company's activities include marine dredging, logistics, and technical services, and marine engineering and construction. Geographically, it operates across the Middle East, Southeast Asia, and other international markets. The company's operations are structured under five business units: NMDC Dredging & Marine, NMDC Energy, NMDC Infra, NMDC Logistics & Technical Services, and NMDC Engineering. It has aggregated its segments into Dredging & Marine and Energy, with the majority of revenue from the Energy segment.
85GF Score
Get the complete analysis for ADX:NMDC
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ADX:NMDC has been successfully added to your 
