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.
Nationwide Building SocietyLSE:NBS 56 Return-on-Tangible-Asset is 0.38% as of Mar. 2026, which is 12% above its 10-year median of 0.34. GuruFocus rates LSE:NBS with a GF Score™ of 56/100 and a GF Value™ of £180.44 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,528 Banks companies, Nationwide Building Society ranks worse than 87.5% 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. Nationwide Building Society's annualizedNet Income for the quarter that ended in Mar. 2026 was £1,436 Mil. Nationwide Building Society's average total tangible assets for the quarter that ended in Mar. 2026 was £378,580 Mil. Therefore, Nationwide Building Society's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.38%.
The historical rank and industry rank for Nationwide Building Society's Return-on-Tangible-Asset or its related term are showing as below:
LSE:NBS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.15 Med: 0.34 Max: 0.72
Current: 0.28
During the past 13 years, Nationwide Building Society's highest Return-on-Tangible-Asset was 0.72%. The lowest was 0.15%. And the median was 0.34%.
LSE:NBS's Return-on-Tangible-Asset is ranked worse than 87.5% of 1528
companies
in the Banks industry
Industry Median: 1.01
vs LSE:NBS: 0.28
Nationwide Building Society (LSE:NBS) 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.
Nationwide Building Society Return-on-Tangible-Asset Related Terms
Nationwide Building Society Return-on-Tangible-Asset Historical Data
* 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.
Nationwide Building Society Return-on-Tangible-Asset Chart
Nationwide Building Society Return-on-Tangible-Asset Competitor Comparison
For the Banks - Regional subindustry, Nationwide Building Society'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.
Nationwide Building Society Return-on-Tangible-Asset vs Banks Industry
For the Banks industry and Financial Services sector, Nationwide Building Society's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nationwide Building Society'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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 0.38% mean?
Nationwide Building Society (LSE:NBS) has a Return-on-Tangible-Asset of 0.38% 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 Nationwide Building Society and its competitors. This is 12% above median its historical median of 0.34. Over the past decade, Nationwide Building Society's Return-on-Tangible-Asset has ranged from 0.15 to 0.72. According to the industry distribution chart, Nationwide Building Society ranks #1337 out of 1528 companies in the Banks industry, placing it in the top 87.5%.
Is Nationwide Building Society's Return-on-Tangible-Asset too high?
Nationwide Building Society's current Return-on-Tangible-Asset of 0.38% is 12% above median its 10-year median of 0.34. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 0.72. The Banks industry median Return-on-Tangible-Asset is 1.01. Nationwide Building Society's value of 0.38% is 62.4% below this industry median. Based on the distribution chart, Nationwide Building Society ranks #1337 out of 1528 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Nationwide Building Society has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nationwide Building Society's Return-on-Tangible-Asset compare to competitors?
According to the Banks industry distribution chart, Nationwide Building Society ranks #1337 out of 1528 companies for Return-on-Tangible-Asset. This places Nationwide Building Society in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.01. Nationwide Building Society's value of 0.38% is 62.4% below this benchmark. Historically, Nationwide Building Society's own Return-on-Tangible-Asset has ranged from 0.15 to 0.72 over the past decade. While the company's 10-year median is 0.34 vs. the industry median of 1.01, Nationwide Building Society has consistently been below 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 1,528 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. Nationwide Building Society's current Return-on-Tangible-Asset of 0.38% is 62.4% below 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 Nationwide Building Society 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. Nationwide Building Society's current Return-on-Tangible-Asset is 0.38%, which is 12% above median its own 10-year median of 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nationwide Building Society stock overvalued right now?
Based on GuruFocus' analysis, Nationwide Building Society (LSE:NBS) is currently considered Modestly Undervalued. The stock's GF Value™ is £180.44, compared to a current price of £129.00 — trading 28.5% below its estimated fair value. The current Return-on-Tangible-Asset is 0.38%, which is 12% above median its 10-year median of 0.34 and 62.4% below the Banks industry median of 1.01. Nationwide Building Society's overall GF Score™ is 56/100 with 3 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 Nationwide Building Society (LSE:NBS), the current Return-on-Tangible-Asset is 0.38% 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 Nationwide Building Society (LSE:NBS) Overvalued in 2026?
Based on GuruFocus' analysis, Nationwide Building Society stock appears to be undervalued.
The current stock price of £129.00 is trading 28.5% below its estimated GF Value™ of £180.44.
GuruFocus considers Nationwide Building Society to be Modestly Undervalued.
Key valuation signals for LSE:NBS:
Return-on-Tangible-Asset: 0.38% (12% above median its 10-year median of 0.34)
GF Value™: £180.44 vs. price of £129.00 (28.5% below fair value)
Industry Position: 62.4% below the Banks median (#1337 of 1528)
No single metric tells the full story. See the LSE:NBS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nationwide Building Society is engaged in providing financial services. Its products include current accounts, savings accounts, loans, credit cards, mortgages, investments, and insurance products.
56GF Score
Get the complete analysis for LSE:NBS
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
LSE:NBS has been successfully added to your 
