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Nedbank GroupJSE:NED -1.44%73 Return-on-Tangible-Asset is 1.15% as of Jun. 2026, which is 6% below its 10-year median of 1.22. GuruFocus rates JSE:NED with a GF Score™ of 73/100 and a GF Value™ of R274.44 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,529 Banks companies, Nedbank Group ranks worse than 70.11% 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. Nedbank Group's annualizedNet Income for the quarter that ended in Jun. 2026 was R18,014 Mil. Nedbank Group's average total tangible assets for the quarter that ended in Jun. 2026 was R1,570,895 Mil. Therefore, Nedbank Group's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 1.15%.
The historical rank and industry rank for Nedbank Group's Return-on-Tangible-Asset or its related term are showing as below:
JSE:NED'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.38 Med: 1.22 Max: 1.39
Current: 0.66
During the past 13 years, Nedbank Group's highest Return-on-Tangible-Asset was 1.39%. The lowest was 0.38%. And the median was 1.22%.
JSE:NED's Return-on-Tangible-Asset is ranked worse than 70.11% of 1529
companies
in the Banks industry
Industry Median: 1.01
vs JSE:NED: 0.66
Nedbank Group (JSE:NED) 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.
Nedbank Group Return-on-Tangible-Asset Related Terms
Nedbank Group Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Nedbank Group'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.
JSE:NED vs PNC, USB: Return-on-Tangible-Asset Comparison
For the Banks - Regional subindustry, Nedbank Group'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.
Nedbank Group Return-on-Tangible-Asset vs Banks Industry
For the Banks industry and Financial Services sector, Nedbank Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nedbank Group'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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 1.15% mean?
Nedbank Group (JSE:NED) has a Return-on-Tangible-Asset of 1.15% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Nedbank Group and its competitors. This is near median its historical median of 1.22. Over the past decade, Nedbank Group's Return-on-Tangible-Asset has ranged from 0.38 to 1.39. According to the industry distribution chart, Nedbank Group ranks #1072 out of 1529 companies in the Banks industry, placing it in the top 70.1%.
Is Nedbank Group's Return-on-Tangible-Asset too high?
Nedbank Group's current Return-on-Tangible-Asset of 1.15% is near median its 10-year median of 1.22. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 1.39. The Banks industry median Return-on-Tangible-Asset is 1.01. Nedbank Group's value of 1.15% is 13.9% above this industry median. Based on the distribution chart, Nedbank Group ranks #1072 out of 1529 companies in the Banks industry, which is below the industry midpoint. Overall, Nedbank Group has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nedbank Group's Return-on-Tangible-Asset compare to PNC and USB?
According to the Banks industry distribution chart, Nedbank Group ranks #1072 out of 1529 companies for Return-on-Tangible-Asset. This places Nedbank Group in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.01. Nedbank Group's value of 1.15% is 13.9% above this benchmark. Historically, Nedbank Group's own Return-on-Tangible-Asset has ranged from 0.38 to 1.39 over the past decade. While the company's 10-year median is 1.22 vs. the industry median of 1.01, Nedbank Group 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 Banks company?
The median Return-on-Tangible-Asset among Banks companies is 1.01, based on 1,529 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. Nedbank Group's current Return-on-Tangible-Asset of 1.15% is 13.9% 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 Nedbank Group and its competitors. For the Banks industry, the median Return-on-Tangible-Asset is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nedbank Group's current Return-on-Tangible-Asset is 1.15%, which is near median its own 10-year median of 1.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nedbank Group stock overvalued right now?
Based on GuruFocus' analysis, Nedbank Group (JSE:NED) is currently considered Fairly Valued. The stock's GF Value™ is R274.44, compared to a current price of R290.94 — trading 6% above its estimated fair value. The current Return-on-Tangible-Asset is 1.15%, which is near median its 10-year median of 1.22 and 13.9% above the Banks industry median of 1.01. Nedbank Group's overall GF Score™ is 73/100 with 6 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 Nedbank Group (JSE:NED), the current Return-on-Tangible-Asset is 1.15% as of Jun. 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 Nedbank Group (JSE:NED) Overvalued in 2026?
Based on GuruFocus' analysis, Nedbank Group stock appears to be overvalued.
The current stock price of R290.94 is trading 6% above its estimated GF Value™ of R274.44.
GuruFocus considers Nedbank Group to be Fairly Valued.
Key valuation signals for JSE:NED:
Return-on-Tangible-Asset: 1.15% (near median its 10-year median of 1.22)
GF Value™: R274.44 vs. price of R290.94 (6% above fair value)
Industry Position: 13.9% above the Banks median (#1072 of 1529)
No single metric tells the full story. See the JSE:NED stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nedbank Group Ltd is a financial services provider that offers corporate, retail, and investment banking services; insurance; asset management; and wealth management. It operates predominantly in South Africa. Net interest income from lending activities accounts for roughly half of the company's total revenue. Its operating segments include Nedbank Corporate and Investment Banking, Nedbank Business and Commercial Banking, Nedbank Personal and Private Banking and Nedbank Africa Regions.
73GF Score
Get the complete analysis for JSE:NED
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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