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.
Neuberger Berman Next Generation Connectivity FundNBXG +2.90%36 Return-on-Tangible-Asset is 1.84% as of Apr. 2026, which is 90% below its 10-year median of 18.67. GuruFocus rates NBXG with a GF Score™ of 36/100. The stock has 1 warning sign investors should review. Among 1,619 Asset Management companies, Neuberger Berman Next Generation Connectivity Fund ranks better than 91.97% on this metric.
Neuberger Berman Next Generation Connectivity Fund (NYSE:NBXG) 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.
Neuberger Berman Next Generation Connectivity Fund Return-on-Tangible-Asset Related Terms
Neuberger Berman Next Generation Connectivity Fund 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.
Neuberger Berman Next Generation Connectivity Fund Return-on-Tangible-Asset Chart
Neuberger Berman Next Generation Connectivity Fund Annual Data
Trend
Oct21
Oct22
Oct23
Oct24
Oct25
Return-on-Tangible-Asset
0.00
-48.45
12.03
28.31
25.31
Neuberger Berman Next Generation Connectivity Fund Semi-Annual Data
NBXG vs ASA, DSL, JFR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Neuberger Berman Next Generation Connectivity 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.
Neuberger Berman Next Generation Connectivity Fund Return-on-Tangible-Asset vs Asset Management Industry
* 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 one times the annual (Apr. 2026) net income data.
What does a Return-on-Tangible-Asset of 1.84% mean?
Neuberger Berman Next Generation Connectivity Fund (NBXG) has a Return-on-Tangible-Asset of 1.84% as of Apr. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Neuberger Berman Next Generation Connectivity Fund and its competitors. This is 90% below median its historical median of 18.67. According to the industry distribution chart, Neuberger Berman Next Generation Connectivity Fund ranks #130 out of 1619 companies in the Asset Management industry, placing it in the top 8%.
Is Neuberger Berman Next Generation Connectivity Fund's Return-on-Tangible-Asset too high?
Neuberger Berman Next Generation Connectivity Fund's current Return-on-Tangible-Asset of 1.84% is 90% below median its 10-year median of 18.67. The Asset Management industry median Return-on-Tangible-Asset is 4.66. Neuberger Berman Next Generation Connectivity Fund's value of 1.84% is 60.5% below this industry median. Based on the distribution chart, Neuberger Berman Next Generation Connectivity Fund ranks #130 out of 1619 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Neuberger Berman Next Generation Connectivity Fund has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Neuberger Berman Next Generation Connectivity Fund's Return-on-Tangible-Asset compare to ASA and DSL?
According to the Asset Management industry distribution chart, Neuberger Berman Next Generation Connectivity Fund ranks #130 out of 1619 companies for Return-on-Tangible-Asset. This places Neuberger Berman Next Generation Connectivity Fund in the top 8% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.66. Neuberger Berman Next Generation Connectivity Fund's value of 1.84% is 60.5% below this benchmark. While the company's 10-year median is 18.67 vs. the industry median of 4.66, Neuberger Berman Next Generation Connectivity Fund 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 an Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.66, based on 1,619 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. Neuberger Berman Next Generation Connectivity Fund's current Return-on-Tangible-Asset of 1.84% is 60.5% 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 Neuberger Berman Next Generation Connectivity Fund and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Neuberger Berman Next Generation Connectivity Fund's current Return-on-Tangible-Asset is 1.84%, which is 90% below median its own 10-year median of 18.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neuberger Berman Next Generation Connectivity Fund stock overvalued right now?
Neuberger Berman Next Generation Connectivity Fund (NBXG) has a current Return-on-Tangible-Asset of 1.84%. The current Return-on-Tangible-Asset is 1.84%, which is 90% below median its 10-year median of 18.67 and 60.5% below the Asset Management industry median of 4.66. Neuberger Berman Next Generation Connectivity Fund's overall GF Score™ is 36/100 with 1 warning sign 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 Neuberger Berman Next Generation Connectivity Fund (NBXG), the current Return-on-Tangible-Asset is 1.84% as of Apr. 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.
Neuberger Berman Next Generation Connectivity Fund Inc. is a non-diversified, closed-end management investment company. The fund's investment objectives are to provide capital appreciation and income. Under normal market conditions, the Fund will invest at least 80% of its total assets in equity securities issued by U.S. and non-U.S. companies, in any market capitalization range, that is relevant to the theme of investing in NextGen Companies.
36GF Score
Get the complete analysis for NBXG
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
NBXG has been successfully added to your 
