NAOS Absolute Opportunities CoASX:NAC -1.85%32 Return-on-Tangible-Asset is 15.84% as of Dec. 2025, which is 161% above its 10-year median of 6.08. GuruFocus rates ASX:NAC with a GF Score™ of 32/100. The stock has 1 warning sign investors should review. Among 1,636 Asset Management companies, NAOS Absolute Opportunities Co ranks better than 93.34% on this metric.
The historical rank and industry rank for NAOS Absolute Opportunities Co's Return-on-Tangible-Asset or its related term are showing as below:
ASX:NAC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -24.14 Med: 6.08 Max: 28.35
Current: 28.35
During the past 11 years, NAOS Absolute Opportunities Co's highest Return-on-Tangible-Asset was 28.35%. The lowest was -24.14%. And the median was 6.08%.
ASX:NAC's Return-on-Tangible-Asset is ranked better than 93.34% of 1636
companies
in the Asset Management industry
Industry Median: 4.135
vs ASX:NAC: 28.35
NAOS Absolute Opportunities Co (ASX:NAC) 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.
NAOS Absolute Opportunities Co Return-on-Tangible-Asset Related Terms
NAOS Absolute Opportunities Co Return-on-Tangible-Asset Historical Data
* 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.
NAOS Absolute Opportunities Co Return-on-Tangible-Asset Chart
ASX:NAC vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, NAOS Absolute Opportunities Co'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.
NAOS Absolute Opportunities Co Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, NAOS Absolute Opportunities Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where NAOS Absolute Opportunities Co'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 two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 15.84% mean?
NAOS Absolute Opportunities Co (ASX:NAC) has a Return-on-Tangible-Asset of 15.84% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on NAOS Absolute Opportunities Co and its competitors. This is 161% above median its historical median of 6.08. According to the industry distribution chart, NAOS Absolute Opportunities Co ranks #109 out of 1636 companies in the Asset Management industry, placing it in the top 6.7%.
Is NAOS Absolute Opportunities Co's Return-on-Tangible-Asset too high?
NAOS Absolute Opportunities Co's current Return-on-Tangible-Asset of 15.84% is 161% above median its 10-year median of 6.08. The Asset Management industry median Return-on-Tangible-Asset is 4.14. NAOS Absolute Opportunities Co's value of 15.84% is 283.1% above this industry median. Based on the distribution chart, NAOS Absolute Opportunities Co ranks #109 out of 1636 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, NAOS Absolute Opportunities Co has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does NAOS Absolute Opportunities Co's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, NAOS Absolute Opportunities Co ranks #109 out of 1636 companies for Return-on-Tangible-Asset. This places NAOS Absolute Opportunities Co in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.14. NAOS Absolute Opportunities Co's value of 15.84% is 283.1% above this benchmark. While the company's 10-year median is 6.08 vs. the industry median of 4.14, NAOS Absolute Opportunities Co 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 an Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.14, based on 1,636 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. NAOS Absolute Opportunities Co's current Return-on-Tangible-Asset of 15.84% is 283.1% 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 NAOS Absolute Opportunities Co and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NAOS Absolute Opportunities Co's current Return-on-Tangible-Asset is 15.84%, which is 161% above median its own 10-year median of 6.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NAOS Absolute Opportunities Co stock overvalued right now?
NAOS Absolute Opportunities Co (ASX:NAC) has a current Return-on-Tangible-Asset of 15.84%. The current Return-on-Tangible-Asset is 15.84%, which is 161% above median its 10-year median of 6.08 and 283.1% above the Asset Management industry median of 4.14. NAOS Absolute Opportunities Co's overall GF Score™ is 32/100 with 1 warning sign 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 NAOS Absolute Opportunities Co (ASX:NAC), the current Return-on-Tangible-Asset is 15.84% 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.
NAOS Absolute Opportunities Co Business Description
NAOS Absolute Opportunities Co Ltd is an investment company. The company invests in mid-cap listed equities through a long-biased structure with a long-term value focus that can produce positive absolute returns. It operates in Australia and derives revenue from dividend income, interest income and from the investment portfolio.
32GF Score
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