National Cement Co PSCDFM:NCC 71 Return-on-Tangible-Asset is 10.65% as of Mar. 2026, which is 259% above its 10-year median of 2.97. GuruFocus rates DFM:NCC with a GF Score™ of 71/100 and a GF Value™ of د.إ4.46 (Fairly Valued). The stock has 4 warning signs investors should review. Among 410 Building Materials companies, National Cement Co PSC ranks better than 62.68% 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. National Cement Co PSC's annualizedNet Income for the quarter that ended in Mar. 2026 was د.إ301.0 Mil. National Cement Co PSC's average total tangible assets for the quarter that ended in Mar. 2026 was د.إ2,826.9 Mil. Therefore, National Cement Co PSC's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 10.65%.
The historical rank and industry rank for National Cement Co PSC's Return-on-Tangible-Asset or its related term are showing as below:
DFM:NCC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.86 Med: 2.97 Max: 7.43
Current: 4.31
During the past 13 years, National Cement Co PSC's highest Return-on-Tangible-Asset was 7.43%. The lowest was -1.86%. And the median was 2.97%.
DFM:NCC's Return-on-Tangible-Asset is ranked better than 62.68% of 410
companies
in the Building Materials industry
Industry Median: 2.385
vs DFM:NCC: 4.31
National Cement Co PSC (DFM:NCC) 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.
National Cement Co PSC Return-on-Tangible-Asset Related Terms
National Cement Co PSC Return-on-Tangible-Asset Historical Data
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The historical data trend for National Cement Co PSC'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.
National Cement Co PSC Return-on-Tangible-Asset Chart
DFM:NCC vs CRH, VMC, MLM: Return-on-Tangible-Asset Comparison
For the Building Materials subindustry, National Cement Co PSC'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.
National Cement Co PSC Return-on-Tangible-Asset vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, National Cement Co PSC's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where National Cement Co PSC'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 10.65% mean?
National Cement Co PSC (DFM:NCC) has a Return-on-Tangible-Asset of 10.65% 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 National Cement Co PSC and its competitors. This is 259% above median its historical median of 2.97. According to the industry distribution chart, National Cement Co PSC ranks #153 out of 410 companies in the Building Materials industry, placing it in the top 37.3%.
Is National Cement Co PSC's Return-on-Tangible-Asset too high?
National Cement Co PSC's current Return-on-Tangible-Asset of 10.65% is 259% above median its 10-year median of 2.97. The Building Materials industry median Return-on-Tangible-Asset is 2.39. National Cement Co PSC's value of 10.65% is 346.5% above this industry median. Based on the distribution chart, National Cement Co PSC ranks #153 out of 410 companies in the Building Materials industry, which is above the industry midpoint. Overall, National Cement Co PSC has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does National Cement Co PSC's Return-on-Tangible-Asset compare to CRH and VMC?
According to the Building Materials industry distribution chart, National Cement Co PSC ranks #153 out of 410 companies for Return-on-Tangible-Asset. This puts National Cement Co PSC in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.39. National Cement Co PSC's value of 10.65% is 346.5% above this benchmark. While the company's 10-year median is 2.97 vs. the industry median of 2.39, National Cement Co PSC 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 Building Materials company?
The median Return-on-Tangible-Asset among Building Materials companies is 2.39, based on 410 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. National Cement Co PSC's current Return-on-Tangible-Asset of 10.65% is 346.5% 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 National Cement Co PSC and its competitors. For the Building Materials industry, the median Return-on-Tangible-Asset is 2.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Cement Co PSC's current Return-on-Tangible-Asset is 10.65%, which is 259% above median its own 10-year median of 2.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Cement Co PSC stock overvalued right now?
Based on GuruFocus' analysis, National Cement Co PSC (DFM:NCC) is currently considered Fairly Valued. The stock's GF Value™ is د.إ4.46, compared to a current price of د.إ4.22 — trading 5.4% below its estimated fair value. The current Return-on-Tangible-Asset is 10.65%, which is 259% above median its 10-year median of 2.97 and 346.5% above the Building Materials industry median of 2.39. National Cement Co PSC's overall GF Score™ is 71/100 with 4 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 National Cement Co PSC (DFM:NCC), the current Return-on-Tangible-Asset is 10.65% 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 National Cement Co PSC (DFM:NCC) Overvalued in 2026?
Based on GuruFocus' analysis, National Cement Co PSC stock appears to be undervalued.
The current stock price of د.إ4.22 is trading 5.4% below its estimated GF Value™ of د.إ4.46.
GuruFocus considers National Cement Co PSC to be Fairly Valued.
Key valuation signals for DFM:NCC:
Return-on-Tangible-Asset: 10.65% (259% above median its 10-year median of 2.97)
GF Value™: د.إ4.46 vs. price of د.إ4.22 (5.4% below fair value)
Industry Position: 346.5% above the Building Materials median (#153 of 410)
No single metric tells the full story. See the DFM:NCC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Cement Co PSC is a UAE-based company that manufactures cement and gypsum products. Its product portfolio includes Ordinary Portland Cement, High Sulphate Resisting Portland Cement, Moderate Sulphate Resisting Portland Cement, Portland Blast Furnace Cement, High Slag Portland Blast Cement, and White Aggregates. The company serves the UAE and GCC markets with its array of branded cement products. It is involved in the manufacturing and supply of Cement and clinker in the United Arab Emirates and the region.
71GF Score
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