Nine Entertainment Co. HoldingsASX:NEC -1.05%69 Return-on-Tangible-Asset is 111.85% as of Dec. 2025, which is 821% above its 10-year median of 12.15. GuruFocus rates ASX:NEC with a GF Score™ of 69/100 and a GF Value™ of A$1.34 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,032 Media - Diversified companies, Nine Entertainment Co. Holdings ranks better than 98.93% on this metric.
The historical rank and industry rank for Nine Entertainment Co. Holdings's Return-on-Tangible-Asset or its related term are showing as below:
ASX:NEC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -42.53 Med: 12.15 Max: 58.11
Current: 58.11
During the past 12 years, Nine Entertainment Co. Holdings's highest Return-on-Tangible-Asset was 58.11%. The lowest was -42.53%. And the median was 12.15%.
ASX:NEC's Return-on-Tangible-Asset is ranked better than 98.93% of 1032
companies
in the Media - Diversified industry
Industry Median: 0.82
vs ASX:NEC: 58.11
Nine Entertainment Co. Holdings (ASX:NEC) 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.
Nine Entertainment Co. Holdings Return-on-Tangible-Asset Related Terms
Nine Entertainment Co. Holdings 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.
Nine Entertainment Co. Holdings Return-on-Tangible-Asset Chart
ASX:NEC vs NFLX, DIS, WBD: Return-on-Tangible-Asset Comparison
For the Entertainment subindustry, Nine Entertainment Co. Holdings'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.
Nine Entertainment Co. Holdings Return-on-Tangible-Asset vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Nine Entertainment Co. Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nine Entertainment Co. Holdings'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 111.85% mean?
Nine Entertainment Co. Holdings (ASX:NEC) has a Return-on-Tangible-Asset of 111.85% 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 Nine Entertainment Co. Holdings and its competitors. This is 821% above median its historical median of 12.15. According to the industry distribution chart, Nine Entertainment Co. Holdings ranks #11 out of 1032 companies in the Media - Diversified industry, placing it in the top 1.1%.
Is Nine Entertainment Co. Holdings' Return-on-Tangible-Asset too high?
Nine Entertainment Co. Holdings' current Return-on-Tangible-Asset of 111.85% is 821% above median its 10-year median of 12.15. The Media - Diversified industry median Return-on-Tangible-Asset is 0.82. Nine Entertainment Co. Holdings' value of 111.85% is 13540.2% above this industry median. Based on the distribution chart, Nine Entertainment Co. Holdings ranks #11 out of 1032 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Nine Entertainment Co. Holdings has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nine Entertainment Co. Holdings' Return-on-Tangible-Asset compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Nine Entertainment Co. Holdings ranks #11 out of 1032 companies for Return-on-Tangible-Asset. This places Nine Entertainment Co. Holdings in the top 1% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 0.82. Nine Entertainment Co. Holdings' value of 111.85% is 13540.2% above this benchmark. While the company's 10-year median is 12.15 vs. the industry median of 0.82, Nine Entertainment Co. Holdings 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 Media - Diversified company?
The median Return-on-Tangible-Asset among Media - Diversified companies is 0.82, based on 1,032 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. Nine Entertainment Co. Holdings's current Return-on-Tangible-Asset of 111.85% is 13540.2% 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 Nine Entertainment Co. Holdings and its competitors. For the Media - Diversified industry, the median Return-on-Tangible-Asset is 0.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nine Entertainment Co. Holdings's current Return-on-Tangible-Asset is 111.85%, which is 821% above median its own 10-year median of 12.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nine Entertainment Co. Holdings stock overvalued right now?
Based on GuruFocus' analysis, Nine Entertainment Co. Holdings (ASX:NEC) is currently considered Modestly Undervalued. The stock's GF Value™ is A$1.34, compared to a current price of A$0.95 — trading 29.5% below its estimated fair value. The current Return-on-Tangible-Asset is 111.85%, which is 821% above median its 10-year median of 12.15 and 13540.2% above the Media - Diversified industry median of 0.82. Nine Entertainment Co. Holdings' overall GF Score™ is 69/100 with 6 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 Nine Entertainment Co. Holdings (ASX:NEC), the current Return-on-Tangible-Asset is 111.85% 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 Nine Entertainment Co. Holdings (ASX:NEC) Overvalued in 2026?
Based on GuruFocus' analysis, Nine Entertainment Co. Holdings stock appears to be undervalued.
The current stock price of A$0.95 is trading 29.5% below its estimated GF Value™ of A$1.34.
GuruFocus considers Nine Entertainment Co. Holdings to be Modestly Undervalued.
Key valuation signals for ASX:NEC:
Return-on-Tangible-Asset: 111.85% (821% above median its 10-year median of 12.15)
GF Value™: A$1.34 vs. price of A$0.95 (29.5% below fair value)
Industry Position: 13540.2% above the Media - Diversified median (#11 of 1032)
No single metric tells the full story. See the ASX:NEC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nine Entertainment Co. Holdings Business Description
Nine Entertainment is the largest media conglomerate in Australia. It operates Nine Network, a free-to-air TV network across five capital cities, as well as in a number of regional areas. It owns 9Now, a leading broadcast video on demand, or BVOD, business. Its publishing unit is the second-largest newspaper group in Australia with key mastheads such as Australian Financial Review, Sydney Morning Herald, and The Age. Nine also operates a leading domestic-owned subscription video on demand, or SVOD, business in Australia called Stan, and a talk-based radio network. In March 2026, Nine completed the purchase of outdoor advertising entity QMS Media for AUD 850 million.
69GF Score
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