NTG Nordic Transport Group AS (CHIX:NTGC) Return-on-Tangible-Asset: 6.22% (As of Mar. 2026) — 31% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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.

CHIX:NTGC NTG Nordic Transport Group AS CHIX:NTGC
81 GF Score
Price kr174.10
GF Value kr247.44
! 7 Warning Signs
View Full Analysis

What is NTG Nordic Transport Group AS Return-on-Tangible-Asset?

NTG Nordic Transport Group AS CHIX:NTGC 81 Return-on-Tangible-Asset is 6.22% as of Mar. 2026, which is 31% below its 10-year median of 9.01. GuruFocus rates CHIX:NTGC with a GF Score™ of 81/100 and a GF Value™ of kr247.44. The stock has 7 warning signs investors should review. Among 1,009 Transportation companies, NTG Nordic Transport Group AS ranks better than 66.9% 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. NTG Nordic Transport Group AS's annualized Net Income for the quarter that ended in Mar. 2026 was kr232 Mil. NTG Nordic Transport Group AS's average total tangible assets for the quarter that ended in Mar. 2026 was kr3,728 Mil. Therefore, NTG Nordic Transport Group AS's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 6.22%.

The historical rank and industry rank for NTG Nordic Transport Group AS's Return-on-Tangible-Asset or its related term are showing as below:

CHIX:NTGc' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -9.97   Med: 9.01   Max: 26.44
Current: 5.93

During the past 13 years, NTG Nordic Transport Group AS's highest Return-on-Tangible-Asset was 26.44%. The lowest was -9.97%. And the median was 9.01%.

CHIX:NTGc's Return-on-Tangible-Asset is ranked better than
66.9% of 1009 companies
in the Transportation industry
Industry Median: 3.78 vs CHIX:NTGc: 5.93

NTG Nordic Transport Group AS  (CHIX:NTGc) 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.


NTG Nordic Transport Group AS Return-on-Tangible-Asset Related Terms


NTG Nordic Transport Group AS Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for NTG Nordic Transport Group AS'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.

NTG Nordic Transport Group AS Return-on-Tangible-Asset Chart

NTG Nordic Transport Group AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.59 18.91 14.43 10.42 6.32

NTG Nordic Transport Group AS 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 5.98 3.35 5.35 8.92 6.22

CHIX:NTGC vs UPS, FDX, JBHT: Return-on-Tangible-Asset Comparison

For the Integrated Freight & Logistics subindustry, NTG Nordic Transport Group AS'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.


NTG Nordic Transport Group AS Return-on-Tangible-Asset vs Transportation Industry

For the Transportation industry and Industrials sector, NTG Nordic Transport Group AS's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where NTG Nordic Transport Group AS's Return-on-Tangible-Asset falls into.


CHIX:NTGC
81GF Score
NTG Nordic Transport Group AS CHIX:NTGC
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NTG Nordic Transport Group AS Return-on-Tangible-Asset Calculation

NTG Nordic Transport Group AS's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=217/( (3227+3639)/ 2 )
=217/3433
=6.32 %

NTG Nordic Transport Group AS'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 )
=232/( (3639+3816)/ 2 )
=232/3727.5
=6.22 %

* 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 6.22% mean?
NTG Nordic Transport Group AS (CHIX:NTGC) has a Return-on-Tangible-Asset of 6.22% 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 NTG Nordic Transport Group AS and its competitors. This is 31% below median its historical median of 9.01. According to the industry distribution chart, NTG Nordic Transport Group AS ranks #334 out of 1009 companies in the Transportation industry, placing it in the top 33.1%.
Is NTG Nordic Transport Group AS's Return-on-Tangible-Asset too high?
NTG Nordic Transport Group AS's current Return-on-Tangible-Asset of 6.22% is 31% below median its 10-year median of 9.01. The Transportation industry median Return-on-Tangible-Asset is 3.78. NTG Nordic Transport Group AS's value of 6.22% is 64.6% above this industry median. Based on the distribution chart, NTG Nordic Transport Group AS ranks #334 out of 1009 companies in the Transportation industry, which is above the industry midpoint. Overall, NTG Nordic Transport Group AS has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does NTG Nordic Transport Group AS's Return-on-Tangible-Asset compare to UPS and FDX?
According to the Transportation industry distribution chart, NTG Nordic Transport Group AS ranks #334 out of 1009 companies for Return-on-Tangible-Asset. This puts NTG Nordic Transport Group AS in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.78. NTG Nordic Transport Group AS's value of 6.22% is 64.6% above this benchmark. While the company's 10-year median is 9.01 vs. the industry median of 3.78, NTG Nordic Transport Group AS 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 Transportation company?
The median Return-on-Tangible-Asset among Transportation companies is 3.78, based on 1,009 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. NTG Nordic Transport Group AS's current Return-on-Tangible-Asset of 6.22% is 64.6% 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 NTG Nordic Transport Group AS and its competitors. For the Transportation industry, the median Return-on-Tangible-Asset is 3.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NTG Nordic Transport Group AS's current Return-on-Tangible-Asset is 6.22%, which is 31% below median its own 10-year median of 9.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NTG Nordic Transport Group AS stock overvalued right now?
NTG Nordic Transport Group AS (CHIX:NTGC) has a current Return-on-Tangible-Asset of 6.22%. The stock's GF Value™ is kr247.44, compared to a current price of kr174.10 — trading 29.6% below its estimated fair value. The current Return-on-Tangible-Asset is 6.22%, which is 31% below median its 10-year median of 9.01 and 64.6% above the Transportation industry median of 3.78. NTG Nordic Transport Group AS's overall GF Score™ is 81/100 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 NTG Nordic Transport Group AS (CHIX:NTGC), the current Return-on-Tangible-Asset is 6.22% 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 NTG Nordic Transport Group AS (CHIX:NTGC) Overvalued in 2026?

Based on GuruFocus' analysis, NTG Nordic Transport Group AS stock appears to be undervalued. The current stock price of kr174.10 is trading 29.6% below its estimated GF Value™ of kr247.44.

Key valuation signals for CHIX:NTGC:

  • Return-on-Tangible-Asset: 6.22% (31% below median its 10-year median of 9.01)
  • GF Value™: kr247.44 vs. price of kr174.10 (29.6% below fair value)
  • GF Score™: 81/100 with 7 warning signs
  • Industry Position: 64.6% above the Transportation median (#334 of 1009)

No single metric tells the full story. See the CHIX:NTGC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NTG Nordic Transport Group AS Business Description

Other Exchanges NTG:DenmarkNRSA:Germany
Address Hammerholmen 47, Hvidovre, DNK, DK-2650
NTG Nordic Transport Group AS is a Denmark-based transport company. It offers the full range of freight forwarding services and end-to-end solutions within Air & Ocean and Road & Logistics, fueled by people power and technology. Business segments of the company include Road & Logistics and Air & Ocean. The majority of its revenue is earned through the Road & Logistics segment, which provides transport and warehousing solutions with a geographical focus on Europe. Geographically, the revenues are earned in Denmark, Sweden, the USA, Germany, Finland, and other countries, with key revenue derived from Denmark.
81GF Score

Get the complete analysis for CHIX:NTGC

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr174.10
Price
kr247.44
GF Value