NRW HoldingsASX:NWH +2.30%77 Return-on-Tangible-Asset is 9.40% as of Dec. 2025, which is 28% above its 10-year median of 7.35. GuruFocus rates ASX:NWH with a GF Score™ of 77/100 and a GF Value™ of A$4.43 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 569 Conglomerates companies, NRW Holdings ranks better than 55.01% 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. NRW Holdings's annualizedNet Income for the quarter that ended in Dec. 2025 was A$146 Mil. NRW Holdings's average total tangible assets for the quarter that ended in Dec. 2025 was A$1,548 Mil. Therefore, NRW Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 9.40%.
The historical rank and industry rank for NRW Holdings's Return-on-Tangible-Asset or its related term are showing as below:
ASX:NWH'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.91 Med: 7.35 Max: 10.67
Current: 3.12
During the past 13 years, NRW Holdings's highest Return-on-Tangible-Asset was 10.67%. The lowest was 1.91%. And the median was 7.35%.
ASX:NWH's Return-on-Tangible-Asset is ranked better than 55.01% of 569
companies
in the Conglomerates industry
Industry Median: 2.73
vs ASX:NWH: 3.12
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.
NRW Holdings Return-on-Tangible-Asset Related Terms
NRW Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for NRW Holdings'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.
ASX:NWH vs HON, MMM: Return-on-Tangible-Asset Comparison
For the Conglomerates subindustry, NRW 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.
NRW Holdings Return-on-Tangible-Asset vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, NRW Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where NRW 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 9.40% mean?
NRW Holdings (ASX:NWH) has a Return-on-Tangible-Asset of 9.40% 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 NRW Holdings and its competitors. This is 28% above median its historical median of 7.35. Over the past decade, NRW Holdings' Return-on-Tangible-Asset has ranged from 1.91 to 10.67. According to the industry distribution chart, NRW Holdings ranks #256 out of 569 companies in the Conglomerates industry, placing it in the top 45%.
Is NRW Holdings' Return-on-Tangible-Asset too high?
NRW Holdings' current Return-on-Tangible-Asset of 9.40% is 28% above median its 10-year median of 7.35. Over the past 10 years, this metric has ranged from a low of 1.91 to a high of 10.67. The Conglomerates industry median Return-on-Tangible-Asset is 2.73. NRW Holdings' value of 9.40% is 244.3% above this industry median. Based on the distribution chart, NRW Holdings ranks #256 out of 569 companies in the Conglomerates industry, which is above the industry midpoint. Overall, NRW Holdings has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NRW Holdings' Return-on-Tangible-Asset compare to HON and MMM?
According to the Conglomerates industry distribution chart, NRW Holdings ranks #256 out of 569 companies for Return-on-Tangible-Asset. This puts NRW Holdings in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.73. NRW Holdings' value of 9.40% is 244.3% above this benchmark. Historically, NRW Holdings' own Return-on-Tangible-Asset has ranged from 1.91 to 10.67 over the past decade. While the company's 10-year median is 7.35 vs. the industry median of 2.73, NRW 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 Conglomerates company?
The median Return-on-Tangible-Asset among Conglomerates companies is 2.73, based on 569 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. NRW Holdings's current Return-on-Tangible-Asset of 9.40% is 244.3% 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 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 NRW Holdings and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Asset is 2.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NRW Holdings's current Return-on-Tangible-Asset is 9.40%, which is 28% above median its own 10-year median of 7.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NRW Holdings stock overvalued right now?
Based on GuruFocus' analysis, NRW Holdings (ASX:NWH) is currently considered Significantly Overvalued. The stock's GF Value™ is A$4.43, compared to a current price of A$7.12 — trading 60.7% above its estimated fair value. The current Return-on-Tangible-Asset is 9.40%, which is 28% above median its 10-year median of 7.35 and 244.3% above the Conglomerates industry median of 2.73. NRW Holdings' overall GF Score™ is 77/100 with 7 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 NRW Holdings (ASX:NWH), the current Return-on-Tangible-Asset is 9.40% 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 NRW Holdings (ASX:NWH) Overvalued in 2026?
Based on GuruFocus' analysis, NRW Holdings stock appears to be overvalued.
The current stock price of A$7.12 is trading 60.7% above its estimated GF Value™ of A$4.43.
GuruFocus considers NRW Holdings to be Significantly Overvalued.
Key valuation signals for ASX:NWH:
Return-on-Tangible-Asset: 9.40% (28% above median its 10-year median of 7.35)
GF Value™: A$4.43 vs. price of A$7.12 (60.7% above fair value)
Industry Position: 244.3% above the Conglomerates median (#256 of 569)
No single metric tells the full story. See the ASX:NWH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NRW Holdings Ltd is a provider of diversified contract services to the resources and infrastructure sectors. The company's operating segment includes Civil; Mining and Minerals, Energy & Technologies. It generates maximum revenue from the Mining segment. The Mining business specialises in mine management, contract mining, load and haul, dragline operations, drill and blast, coal handling prep plants, maintenance services, and the fabrication of water and service vehicles.
77GF Score
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