Nordea Bank AbpCHIX:NDAS 69 Return-on-Tangible-Asset is 0.66% as of Mar. 2026, which is 5% above its 10-year median of 0.63. GuruFocus rates CHIX:NDAS with a GF Score™ of 69/100 and a GF Value™ of kr131.20 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,532 Banks companies, Nordea Bank Abp ranks worse than 66.51% 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. Nordea Bank Abp's annualizedNet Income for the quarter that ended in Mar. 2026 was kr47,394 Mil. Nordea Bank Abp's average total tangible assets for the quarter that ended in Mar. 2026 was kr7,172,663 Mil. Therefore, Nordea Bank Abp's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.66%.
The historical rank and industry rank for Nordea Bank Abp's Return-on-Tangible-Asset or its related term are showing as below:
CHIX:NDAs'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.28 Med: 0.63 Max: 0.85
Current: 0.73
During the past 13 years, Nordea Bank Abp's highest Return-on-Tangible-Asset was 0.85%. The lowest was 0.28%. And the median was 0.63%.
CHIX:NDAs's Return-on-Tangible-Asset is ranked worse than 66.51% of 1532
companies
in the Banks industry
Industry Median: 0.99
vs CHIX:NDAs: 0.73
Nordea Bank Abp (CHIX:NDAs) 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.
Nordea Bank Abp Return-on-Tangible-Asset Related Terms
Nordea Bank Abp Return-on-Tangible-Asset Historical Data
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The historical data trend for Nordea Bank Abp'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.
CHIX:NDAS vs PNC, USB: Return-on-Tangible-Asset Comparison
For the Banks - Regional subindustry, Nordea Bank Abp'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.
Nordea Bank Abp Return-on-Tangible-Asset vs Banks Industry
For the Banks industry and Financial Services sector, Nordea Bank Abp's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nordea Bank Abp'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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 0.66% mean?
Nordea Bank Abp (CHIX:NDAS) has a Return-on-Tangible-Asset of 0.66% 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 Nordea Bank Abp and its competitors. This is near median its historical median of 0.63. Over the past decade, Nordea Bank Abp's Return-on-Tangible-Asset has ranged from 0.28 to 0.85. According to the industry distribution chart, Nordea Bank Abp ranks #1019 out of 1532 companies in the Banks industry, placing it in the top 66.5%.
Is Nordea Bank Abp's Return-on-Tangible-Asset too high?
Nordea Bank Abp's current Return-on-Tangible-Asset of 0.66% is near median its 10-year median of 0.63. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 0.85. The Banks industry median Return-on-Tangible-Asset is 0.99. Nordea Bank Abp's value of 0.66% is 33.3% below this industry median. Based on the distribution chart, Nordea Bank Abp ranks #1019 out of 1532 companies in the Banks industry, which is below the industry midpoint. Overall, Nordea Bank Abp has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nordea Bank Abp's Return-on-Tangible-Asset compare to PNC and USB?
According to the Banks industry distribution chart, Nordea Bank Abp ranks #1019 out of 1532 companies for Return-on-Tangible-Asset. This places Nordea Bank Abp in the lower half of its industry. The industry median Return-on-Tangible-Asset is 0.99. Nordea Bank Abp's value of 0.66% is 33.3% below this benchmark. Historically, Nordea Bank Abp's own Return-on-Tangible-Asset has ranged from 0.28 to 0.85 over the past decade. While the company's 10-year median is 0.63 vs. the industry median of 0.99, Nordea Bank Abp has consistently been below 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 Banks company?
The median Return-on-Tangible-Asset among Banks companies is 0.99, based on 1,532 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. Nordea Bank Abp's current Return-on-Tangible-Asset of 0.66% is 33.3% below 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 Nordea Bank Abp and its competitors. For the Banks industry, the median Return-on-Tangible-Asset is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nordea Bank Abp's current Return-on-Tangible-Asset is 0.66%, which is near median its own 10-year median of 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nordea Bank Abp stock overvalued right now?
Based on GuruFocus' analysis, Nordea Bank Abp (CHIX:NDAS) is currently considered Significantly Overvalued. The stock's GF Value™ is kr131.20, compared to a current price of kr185.50 — trading 41.4% above its estimated fair value. The current Return-on-Tangible-Asset is 0.66%, which is near median its 10-year median of 0.63 and 33.3% below the Banks industry median of 0.99. Nordea Bank Abp's overall GF Score™ is 69/100 with 9 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 Nordea Bank Abp (CHIX:NDAS), the current Return-on-Tangible-Asset is 0.66% 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.
Is Nordea Bank Abp (CHIX:NDAS) Overvalued in 2026?
Based on GuruFocus' analysis, Nordea Bank Abp stock appears to be overvalued.
The current stock price of kr185.50 is trading 41.4% above its estimated GF Value™ of kr131.20.
GuruFocus considers Nordea Bank Abp to be Significantly Overvalued.
Key valuation signals for CHIX:NDAS:
Return-on-Tangible-Asset: 0.66% (near median its 10-year median of 0.63)
GF Value™: kr131.20 vs. price of kr185.50 (41.4% above fair value)
Industry Position: 33.3% below the Banks median (#1019 of 1532)
No single metric tells the full story. See the CHIX:NDAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nordea is a universal Nordic bank that generates most of its income through vanilla lending products such as mortgages, household loans, and corporate loans. The bank is also a leading equity and debt underwriter and issuer, specialized in the Nordics, generating roughly one tenth of the group's income. Nordea also offers life and pension, savings and asset management, as well as private banking services to high-net-worth individuals. It operates primarily in Sweden, Denmark, Finland, and Norway.
69GF Score
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