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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. NextEnergy Solar Fund's annualizedNet Income for the quarter that ended in Mar. 2026 was £-98.33 Mil. NextEnergy Solar Fund's average total tangible assets for the quarter that ended in Mar. 2026 was £675.60 Mil. Therefore, NextEnergy Solar Fund's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -14.55%.
The historical rank and industry rank for NextEnergy Solar Fund's Return-on-Tangible-Asset or its related term are showing as below:
LSE:NESF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -8.8 Med: 5.26 Max: 15.18
Current: -8.72
During the past 12 years, NextEnergy Solar Fund's highest Return-on-Tangible-Asset was 15.18%. The lowest was -8.80%. And the median was 5.26%.
LSE:NESF's Return-on-Tangible-Asset is ranked worse than 85.93% of 1635
companies
in the Asset Management industry
Industry Median: 4.23
vs LSE:NESF: -8.72
NextEnergy Solar Fund (LSE:NESF) 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.
NextEnergy Solar Fund Return-on-Tangible-Asset Related Terms
NextEnergy Solar Fund Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for NextEnergy Solar Fund'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.
NextEnergy Solar Fund Return-on-Tangible-Asset Chart
LSE:NESF vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, NextEnergy Solar Fund'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.
NextEnergy Solar Fund Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, NextEnergy Solar Fund's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where NextEnergy Solar Fund'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 -14.55% mean?
NextEnergy Solar Fund (LSE:NESF) has a Return-on-Tangible-Asset of -14.55% 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 NextEnergy Solar Fund and its competitors. According to the industry distribution chart, NextEnergy Solar Fund ranks #1405 out of 1635 companies in the Asset Management industry, placing it in the top 85.9%.
Is NextEnergy Solar Fund's Return-on-Tangible-Asset too high?
NextEnergy Solar Fund's current Return-on-Tangible-Asset is -14.55%. Based on the distribution chart, NextEnergy Solar Fund ranks #1405 out of 1635 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, NextEnergy Solar Fund has a GF Score™ of 37/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NextEnergy Solar Fund's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, NextEnergy Solar Fund ranks #1405 out of 1635 companies for Return-on-Tangible-Asset. This places NextEnergy Solar Fund in the lower half of its industry. The industry median Return-on-Tangible-Asset is 4.23. 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 Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.23, based on 1,635 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. 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 NextEnergy Solar Fund and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NextEnergy Solar Fund's current Return-on-Tangible-Asset is -14.55%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NextEnergy Solar Fund stock overvalued right now?
Based on GuruFocus' analysis, NextEnergy Solar Fund (LSE:NESF) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.01, compared to a current price of £0.51 — trading 4950% above its estimated fair value. The current Return-on-Tangible-Asset is -14.55%. NextEnergy Solar Fund's overall GF Score™ is 37/100. 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 NextEnergy Solar Fund (LSE:NESF), the current Return-on-Tangible-Asset is -14.55% 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 NextEnergy Solar Fund (LSE:NESF) Overvalued in 2026?
Based on GuruFocus' analysis, NextEnergy Solar Fund stock appears to be overvalued.
The current stock price of £0.51 is trading 4950% above its estimated GF Value™ of £0.01.
GuruFocus considers NextEnergy Solar Fund to be Significantly Overvalued.
Key valuation signals for LSE:NESF:
Return-on-Tangible-Asset: -14.55%
GF Value™: £0.01 vs. price of £0.51 (4950% above fair value)
No single metric tells the full story. See the LSE:NESF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NextEnergy Solar Fund Ltd is a closed-ended investment company. The company seeks to provide investors with a sustainable and attractive dividend that increases in line with RPI over the long term. It invests in solar photovoltaic plants or debt financing through its subsidiaries and generates revenues from the sale of electricity.
37GF Score
Get the complete analysis for LSE:NESF
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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