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.
NextEra EnergyHAM:FP3 +0.42%86 Return-on-Tangible-Asset is 4.16% as of Mar. 2026, which is 19% above its 10-year median of 3.51. GuruFocus rates HAM:FP3 with a GF Score™ of 86/100 and a GF Value™ of €70.91 (Fairly Valued). The stock has 10 warning signs investors should review. Among 510 Utilities - Regulated companies, NextEra Energy ranks better than 58.43% 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. NextEra Energy's annualizedNet Income for the quarter that ended in Mar. 2026 was €7,550 Mil. NextEra Energy's average total tangible assets for the quarter that ended in Mar. 2026 was €181,545 Mil. Therefore, NextEra Energy's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.16%.
The historical rank and industry rank for NextEra Energy's Return-on-Tangible-Asset or its related term are showing as below:
HAM:FP3'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.48 Med: 3.51 Max: 6.7
Current: 4.07
During the past 13 years, NextEra Energy's highest Return-on-Tangible-Asset was 6.70%. The lowest was 2.48%. And the median was 3.51%.
HAM:FP3's Return-on-Tangible-Asset is ranked better than 58.43% of 510
companies
in the Utilities - Regulated industry
Industry Median: 3.3
vs HAM:FP3: 4.07
NextEra Energy (HAM:FP3) 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.
NextEra Energy Return-on-Tangible-Asset Related Terms
NextEra Energy Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for NextEra Energy'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.
HAM:FP3 vs SO, DUK, AEP: Return-on-Tangible-Asset Comparison
For the Utilities - Regulated Electric subindustry, NextEra Energy'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.
NextEra Energy Return-on-Tangible-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, NextEra Energy's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where NextEra Energy'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 4.16% mean?
NextEra Energy (HAM:FP3) has a Return-on-Tangible-Asset of 4.16% 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 NextEra Energy and its competitors. This is 19% above median its historical median of 3.51. Over the past decade, NextEra Energy's Return-on-Tangible-Asset has ranged from 2.48 to 6.70. According to the industry distribution chart, NextEra Energy ranks #212 out of 510 companies in the Utilities - Regulated industry, placing it in the top 41.6%.
Is NextEra Energy's Return-on-Tangible-Asset too high?
NextEra Energy's current Return-on-Tangible-Asset of 4.16% is 19% above median its 10-year median of 3.51. Over the past 10 years, this metric has ranged from a low of 2.48 to a high of 6.70. The Utilities - Regulated industry median Return-on-Tangible-Asset is 3.30. NextEra Energy's value of 4.16% is 26.1% above this industry median. Based on the distribution chart, NextEra Energy ranks #212 out of 510 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, NextEra Energy has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NextEra Energy's Return-on-Tangible-Asset compare to SO and DUK?
According to the Utilities - Regulated industry distribution chart, NextEra Energy ranks #212 out of 510 companies for Return-on-Tangible-Asset. This puts NextEra Energy in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.30. NextEra Energy's value of 4.16% is 26.1% above this benchmark. Historically, NextEra Energy's own Return-on-Tangible-Asset has ranged from 2.48 to 6.70 over the past decade. While the company's 10-year median is 3.51 vs. the industry median of 3.30, NextEra Energy 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 an Utilities - Regulated company?
The median Return-on-Tangible-Asset among Utilities - Regulated companies is 3.30, based on 510 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. NextEra Energy's current Return-on-Tangible-Asset of 4.16% is 26.1% 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 NextEra Energy and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Asset is 3.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NextEra Energy's current Return-on-Tangible-Asset is 4.16%, which is 19% above median its own 10-year median of 3.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NextEra Energy stock overvalued right now?
Based on GuruFocus' analysis, NextEra Energy (HAM:FP3) is currently considered Fairly Valued. The stock's GF Value™ is €70.91, compared to a current price of €76.58 — trading 8% above its estimated fair value. The current Return-on-Tangible-Asset is 4.16%, which is 19% above median its 10-year median of 3.51 and 26.1% above the Utilities - Regulated industry median of 3.30. NextEra Energy's overall GF Score™ is 86/100 with 10 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 NextEra Energy (HAM:FP3), the current Return-on-Tangible-Asset is 4.16% 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 NextEra Energy (HAM:FP3) Overvalued in 2026?
Based on GuruFocus' analysis, NextEra Energy stock appears to be overvalued.
The current stock price of €76.58 is trading 8% above its estimated GF Value™ of €70.91.
GuruFocus considers NextEra Energy to be Fairly Valued.
Key valuation signals for HAM:FP3:
Return-on-Tangible-Asset: 4.16% (19% above median its 10-year median of 3.51)
GF Value™: €70.91 vs. price of €76.58 (8% above fair value)
Industry Position: 26.1% above the Utilities - Regulated median (#212 of 510)
No single metric tells the full story. See the HAM:FP3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NextEra Energy's regulated utility, Florida Power & Light, is the largest rate-regulated utility in Florida. The utility distributes power to over 6 million customer accounts in Florida and owns 36 gigawatts of generation. FP&L contributes roughly 70% of NextEra's consolidated operating earnings. NextEra Energy Resources, the renewable energy segment, generates and sells power throughout the United States and Canada with nearly 40 GW of generation capacity, including natural gas, nuclear, wind, and solar.
86GF Score
Get the complete analysis for HAM:FP3
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
HAM:FP3 has been successfully added to your 
