Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
NicholsCHIX:NICLL -0.91%75 Return-on-Tangible-Asset is 19.80% as of Dec. 2025, which is 29% above its 10-year median of 15.33. GuruFocus rates CHIX:NICLL with a GF Score™ of 75/100 and a GF Value™ of £11.23 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 117 Beverages - Non-Alcoholic companies, Nichols ranks better than 88.03% 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. Nichols's annualizedNet Income for the quarter that ended in Dec. 2025 was £25.8 Mil. Nichols's average total tangible assets for the quarter that ended in Dec. 2025 was £130.4 Mil. Therefore, Nichols's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 19.80%.
The historical rank and industry rank for Nichols's Return-on-Tangible-Asset or its related term are showing as below:
CHIX:NICLl'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -19.35 Med: 15.33 Max: 30.79
Current: 16.83
During the past 13 years, Nichols's highest Return-on-Tangible-Asset was 30.79%. The lowest was -19.35%. And the median was 15.33%.
CHIX:NICLl's Return-on-Tangible-Asset is ranked better than 88.03% of 117
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 6.84
vs CHIX:NICLl: 16.83
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.
Nichols Return-on-Tangible-Asset Related Terms
Nichols Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Nichols'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:NICLL vs KO, PEP, MNST: Return-on-Tangible-Asset Comparison
For the Beverages - Non-Alcoholic subindustry, Nichols'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.
Nichols Return-on-Tangible-Asset vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Nichols's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nichols'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 19.80% mean?
Nichols (CHIX:NICLL) has a Return-on-Tangible-Asset of 19.80% 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 Nichols and its competitors. This is 29% above median its historical median of 15.33. According to the industry distribution chart, Nichols ranks #14 out of 117 companies in the Beverages - Non-Alcoholic industry, placing it in the top 12%.
Is Nichols' Return-on-Tangible-Asset too high?
Nichols' current Return-on-Tangible-Asset of 19.80% is 29% above median its 10-year median of 15.33. The Beverages - Non-Alcoholic industry median Return-on-Tangible-Asset is 6.84. Nichols' value of 19.80% is 189.5% above this industry median. Based on the distribution chart, Nichols ranks #14 out of 117 companies in the Beverages - Non-Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Nichols has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nichols' Return-on-Tangible-Asset compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Nichols ranks #14 out of 117 companies for Return-on-Tangible-Asset. This places Nichols in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 6.84. Nichols' value of 19.80% is 189.5% above this benchmark. While the company's 10-year median is 15.33 vs. the industry median of 6.84, Nichols 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 Beverages - Non-Alcoholic company?
The median Return-on-Tangible-Asset among Beverages - Non-Alcoholic companies is 6.84, based on 117 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. Nichols's current Return-on-Tangible-Asset of 19.80% is 189.5% 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 Nichols and its competitors. For the Beverages - Non-Alcoholic industry, the median Return-on-Tangible-Asset is 6.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nichols's current Return-on-Tangible-Asset is 19.80%, which is 29% above median its own 10-year median of 15.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nichols stock overvalued right now?
Based on GuruFocus' analysis, Nichols (CHIX:NICLL) is currently considered Modestly Undervalued. The stock's GF Value™ is £11.23, compared to a current price of £9.78 — trading 12.9% below its estimated fair value. The current Return-on-Tangible-Asset is 19.80%, which is 29% above median its 10-year median of 15.33 and 189.5% above the Beverages - Non-Alcoholic industry median of 6.84. Nichols' overall GF Score™ is 75/100 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 Nichols (CHIX:NICLL), the current Return-on-Tangible-Asset is 19.80% 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 Nichols (CHIX:NICLL) Overvalued in 2026?
Based on GuruFocus' analysis, Nichols stock appears to be undervalued.
The current stock price of £9.78 is trading 12.9% below its estimated GF Value™ of £11.23.
GuruFocus considers Nichols to be Modestly Undervalued.
Key valuation signals for CHIX:NICLL:
Return-on-Tangible-Asset: 19.80% (29% above median its 10-year median of 15.33)
GF Value™: £11.23 vs. price of £9.78 (12.9% below fair value)
Industry Position: 189.5% above the Beverages - Non-Alcoholic median (#14 of 117)
No single metric tells the full story. See the CHIX:NICLL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nichols PLC is an international soft drinks company that sells products in both the still and carbonated categories. The company markets its products under the Vimto brand, which is popular in the UK and around the globe, particularly in the Middle East & Africa. Other brands in its portfolio include Slush Puppie, Starslush, Fryst, Icee, Levi Roots, & Sunkist. Geographically, the majority of the company's revenue comes from the United Kingdom. The company has one segment, which includes Packaged, comprising the Group's manufactured concentrate & packaged bottle & can sales for distribution through grocery stores, wholesalers, convenience stores, & independent retailers. Out of Home comprises the Group's postmix soft drinks, premium mixers, & ICEE frozen drinks for consumption out of home.
75GF Score
Get the complete analysis for CHIX:NICLL
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
CHIX:NICLL has been successfully added to your 
