BNBX (BNB Plus) Return-on-Tangible-Asset: -155.31% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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.

What is BNB Plus Return-on-Tangible-Asset?

BNB Plus BNBX +1.11% Return-on-Tangible-Asset is -155.31% as of Mar. 2026. The stock has 6 warning signs investors should review. Among 1,637 Asset Management companies, BNB Plus ranks worse than 99.51% 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. BNB Plus's annualized Net Income for the quarter that ended in Mar. 2026 was $-26.66 Mil. BNB Plus's average total tangible assets for the quarter that ended in Mar. 2026 was $17.17 Mil. Therefore, BNB Plus's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -155.31%.

The historical rank and industry rank for BNB Plus's Return-on-Tangible-Asset or its related term are showing as below:

BNBX' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -305.95   Med: -119.91   Max: -45.08
Current: -305.95

During the past 13 years, BNB Plus's highest Return-on-Tangible-Asset was -45.08%. The lowest was -305.95%. And the median was -119.91%.

BNBX's Return-on-Tangible-Asset is ranked worse than
99.51% of 1637 companies
in the Asset Management industry
Industry Median: 4.23 vs BNBX: -305.95

BNB Plus  (OTCPK:BNBX) 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 company’s 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 company’s 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.


BNB Plus Return-on-Tangible-Asset Related Terms


BNB Plus Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for BNB Plus'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.

BNB Plus Return-on-Tangible-Asset Chart

BNB Plus Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -114.90 -45.08 -59.89 -66.46 -208.73

BNB Plus Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -111.96 -179.59 -361.31 -591.84 -155.31

BNBX vs SVVC, LGCP, DEFG: Return-on-Tangible-Asset Comparison

For the Asset Management subindustry, BNB Plus'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.


BNB Plus Return-on-Tangible-Asset vs Asset Management Industry

For the Asset Management industry and Financial Services sector, BNB Plus's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where BNB Plus's Return-on-Tangible-Asset falls into.



BNB Plus Return-on-Tangible-Asset Calculation

BNB Plus's annualized Return-on-Tangible-Asset for the fiscal year that ended in Sep. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Sep. 2025 )  (A: Sep. 2024 )(A: Sep. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Sep. 2025 )  (A: Sep. 2024 )(A: Sep. 2025 )
=-15.161/( (10.09+4.437)/ 2 )
=-15.161/7.2635
=-208.73 %

BNB Plus's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=-26.66/( (20.697+13.635)/ 2 )
=-26.66/17.166
=-155.31 %

* 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 (Mar. 2026) net income data.

What does a Return-on-Tangible-Asset of -155.31% mean?
BNB Plus (BNBX) has a Return-on-Tangible-Asset of -155.31% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on BNB Plus and its competitors. According to the industry distribution chart, BNB Plus ranks #1629 out of 1637 companies in the Asset Management industry, placing it in the top 99.5%.
Is BNB Plus' Return-on-Tangible-Asset too high?
BNB Plus' current Return-on-Tangible-Asset is -155.31%. Based on the distribution chart, BNB Plus ranks #1629 out of 1637 companies in the Asset Management industry, which is in the bottom quartile relative to peers.
How does BNB Plus' Return-on-Tangible-Asset compare to SVVC and LGCP?
According to the Asset Management industry distribution chart, BNB Plus ranks #1629 out of 1637 companies for Return-on-Tangible-Asset. This places BNB Plus in the lower half of its industry. The industry median Return-on-Tangible-Asset is 4.23. 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 4.23, based on 1,637 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. 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 BNB Plus and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BNB Plus's current Return-on-Tangible-Asset is -155.31%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BNB Plus stock overvalued right now?
Based on GuruFocus' analysis, BNB Plus (BNBX) is currently considered Possible Value Trap. The stock's GF Value™ is $0.23, compared to a current price of $0.09 — trading 60.4% below its estimated fair value. The current Return-on-Tangible-Asset is -155.31%. 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 BNB Plus (BNBX), the current Return-on-Tangible-Asset is -155.31% as of Mar. 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.

BNB Plus Business Description

Address 50 Health Sciences Drive, Stony Brook, New York, NY, USA, 11790
BNB Plus Corp focuses on digital asset treasury management of BNB. The group is unlocking institutional-grade access to the Binance ecosystem, delivering non-directional yield strategies and long BNB exposure, powering the future of blockchain through a transparent, actively managed BNB treasury. The Company's differentiated blends sophisticated DeFi yield generation with Binance-native opportunities, unlocking access to high-performance digital assets for investors traditionally excluded from the space.