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NCBA GroupNAI:NCBA +1.39%68 Return-on-Tangible-Asset is 3.51% as of Jun. 2026, which is 28% above its 10-year median of 2.75. GuruFocus rates NAI:NCBA with a GF Score™ of 68/100 and a GF Value™ of KES55.13 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,519 Banks companies, NCBA Group ranks better than 96.18% 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. NCBA Group's annualizedNet Income for the quarter that ended in Jun. 2026 was KES25,708 Mil. NCBA Group's average total tangible assets for the quarter that ended in Jun. 2026 was KES732,482 Mil. Therefore, NCBA Group's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 3.51%.
The historical rank and industry rank for NCBA Group's Return-on-Tangible-Asset or its related term are showing as below:
NAI:NCBA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.92 Med: 2.75 Max: 3.51
Current: 3.51
During the past 13 years, NCBA Group's highest Return-on-Tangible-Asset was 3.51%. The lowest was 0.92%. And the median was 2.75%.
NAI:NCBA's Return-on-Tangible-Asset is ranked better than 96.18% of 1519
companies
in the Banks industry
Industry Median: 1.03
vs NAI:NCBA: 3.51
NCBA Group (NAI:NCBA) 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.
NCBA Group Return-on-Tangible-Asset Related Terms
NCBA Group Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for NCBA 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.
NCBA Group Return-on-Tangible-Asset Competitor Comparison
For the Banks - Regional subindustry, NCBA 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.
NCBA Group Return-on-Tangible-Asset vs Banks Industry
For the Banks industry and Financial Services sector, NCBA Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where NCBA 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 four times the quarterly (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 3.51% mean?
NCBA Group (NAI:NCBA) has a Return-on-Tangible-Asset of 3.51% 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 NCBA Group and its competitors. This is 28% above median its historical median of 2.75. Over the past decade, NCBA Group's Return-on-Tangible-Asset has ranged from 0.92 to 3.51. According to the industry distribution chart, NCBA Group ranks #58 out of 1519 companies in the Banks industry, placing it in the top 3.8%.
Is NCBA Group's Return-on-Tangible-Asset too high?
NCBA Group's current Return-on-Tangible-Asset of 3.51% is 28% above median its 10-year median of 2.75. Over the past 10 years, this metric has ranged from a low of 0.92 to a high of 3.51. The Banks industry median Return-on-Tangible-Asset is 1.03. NCBA Group's value of 3.51% is 240.8% above this industry median. Based on the distribution chart, NCBA Group ranks #58 out of 1519 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, NCBA Group has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NCBA Group's Return-on-Tangible-Asset compare to competitors?
According to the Banks industry distribution chart, NCBA Group ranks #58 out of 1519 companies for Return-on-Tangible-Asset. This places NCBA Group in the top 4% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.03. NCBA Group's value of 3.51% is 240.8% above this benchmark. Historically, NCBA Group's own Return-on-Tangible-Asset has ranged from 0.92 to 3.51 over the past decade. While the company's 10-year median is 2.75 vs. the industry median of 1.03, NCBA 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 1.03, based on 1,519 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. NCBA Group's current Return-on-Tangible-Asset of 3.51% is 240.8% 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 NCBA Group and its competitors. For the Banks industry, the median Return-on-Tangible-Asset is 1.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NCBA Group's current Return-on-Tangible-Asset is 3.51%, which is 28% above median its own 10-year median of 2.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NCBA Group stock overvalued right now?
Based on GuruFocus' analysis, NCBA Group (NAI:NCBA) is currently considered Significantly Overvalued. The stock's GF Value™ is KES55.13, compared to a current price of KES91.00 — trading 65.1% above its estimated fair value. The current Return-on-Tangible-Asset is 3.51%, which is 28% above median its 10-year median of 2.75 and 240.8% above the Banks industry median of 1.03. NCBA Group's overall GF Score™ is 68/100 with 2 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 NCBA Group (NAI:NCBA), the current Return-on-Tangible-Asset is 3.51% 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 NCBA Group (NAI:NCBA) Overvalued in 2026?
Based on GuruFocus' analysis, NCBA Group stock appears to be overvalued.
The current stock price of KES91.00 is trading 65.1% above its estimated GF Value™ of KES55.13.
GuruFocus considers NCBA Group to be Significantly Overvalued.
Key valuation signals for NAI:NCBA:
Return-on-Tangible-Asset: 3.51% (28% above median its 10-year median of 2.75)
GF Value™: KES55.13 vs. price of KES91.00 (65.1% above fair value)
Industry Position: 240.8% above the Banks median (#58 of 1519)
No single metric tells the full story. See the NAI:NCBA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NCBA Group PLC and its subsidiaries provide retail, corporate, and digital banking, brokerage, bancassurance, insurance, and investment banking services. The Group's operating divisions are: Corporate and institutional banking, Retail banking (SME and Consumer banking), Treasury dealing, Digital Bank, Investment banking, and Insurance. Through these divisions, it caters to different segments of customers from medium and large corporates to high net worth and other retail individual clients, offering them various kinds of financial products and services, such as deposit accounts, loans, advisory, digital banking, and wealth management solutions, among others. The Group's geographical segments are: Kenya, Uganda, Tanzania, Rwanda, and Ghana. The majority of its revenue is derived from Kenya.
68GF Score
Get the complete analysis for NAI:NCBA
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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