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.
NACCO IndustriesNC +1.50%66 Return-on-Tangible-Asset is 5.28% as of Mar. 2026, which is 13% below its 10-year median of 6.05. GuruFocus rates NC with a GF Score™ of 66/100 and a GF Value™ of $40.48 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 186 Other Energy Sources companies, NACCO Industries ranks better than 67.2% 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. NACCO Industries's annualizedNet Income for the quarter that ended in Mar. 2026 was $35.3 Mil. NACCO Industries's average total tangible assets for the quarter that ended in Mar. 2026 was $668.8 Mil. Therefore, NACCO Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 5.28%.
The historical rank and industry rank for NACCO Industries's Return-on-Tangible-Asset or its related term are showing as below:
NC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7.37 Med: 6.05 Max: 14.61
Current: 3.33
During the past 13 years, NACCO Industries's highest Return-on-Tangible-Asset was 14.61%. The lowest was -7.37%. And the median was 6.05%.
NC's Return-on-Tangible-Asset is ranked better than 67.2% of 186
companies
in the Other Energy Sources industry
Industry Median: -0.39
vs NC: 3.33
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.
NACCO Industries Return-on-Tangible-Asset Related Terms
NACCO Industries Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for NACCO Industries'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.
NC vs NRP, CNR: Return-on-Tangible-Asset Comparison
For the Thermal Coal subindustry, NACCO Industries'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.
NACCO Industries Return-on-Tangible-Asset vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, NACCO Industries's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where NACCO Industries'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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 5.28% mean?
NACCO Industries (NC) has a Return-on-Tangible-Asset of 5.28% 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 NACCO Industries and its competitors. This is 13% below median its historical median of 6.05. According to the industry distribution chart, NACCO Industries ranks #61 out of 186 companies in the Other Energy Sources industry, placing it in the top 32.8%.
Is NACCO Industries' Return-on-Tangible-Asset too high?
NACCO Industries' current Return-on-Tangible-Asset of 5.28% is 13% below median its 10-year median of 6.05. Based on the distribution chart, NACCO Industries ranks #61 out of 186 companies in the Other Energy Sources industry, which is above the industry midpoint. Overall, NACCO Industries has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NACCO Industries' Return-on-Tangible-Asset compare to NRP and CNR?
According to the Other Energy Sources industry distribution chart, NACCO Industries ranks #61 out of 186 companies for Return-on-Tangible-Asset. This puts NACCO Industries in the upper half of its industry. 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 Other Energy Sources company?
A good Return-on-Tangible-Asset depends on the Other Energy Sources industry context. 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 NACCO Industries and its competitors. NACCO Industries's current Return-on-Tangible-Asset is 5.28%, which is 13% below median its own 10-year median of 6.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NACCO Industries stock overvalued right now?
Based on GuruFocus' analysis, NACCO Industries (NC) is currently considered Modestly Overvalued. The stock's GF Value™ is $40.48, compared to a current price of $48.11 — trading 18.8% above its estimated fair value. The current Return-on-Tangible-Asset is 5.28%, which is 13% below median its 10-year median of 6.05. NACCO Industries' overall GF Score™ is 66/100 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 NACCO Industries (NC), the current Return-on-Tangible-Asset is 5.28% 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 NACCO Industries (NC) Overvalued in 2026?
Based on GuruFocus' analysis, NACCO Industries stock appears to be overvalued.
The current stock price of $48.11 is trading 18.8% above its estimated GF Value™ of $40.48.
GuruFocus considers NACCO Industries to be Modestly Overvalued.
Key valuation signals for NC:
Return-on-Tangible-Asset: 5.28% (13% below median its 10-year median of 6.05)
GF Value™: $40.48 vs. price of $48.11 (18.8% above fair value)
No single metric tells the full story. See the NC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NACCO Industries Inc is a holding company that operates in the mining and natural resource industries. It has three operating segments: Utility Coal Mining, Contract Mining, and Minerals and Royalties. The Utility Coal Mining segment, operated by North American Coal, manages surface coal mines that are exclusive, long-term fuel providers for power generation companies. The Contract Mining segment, operated by North American Mining, is a provider of a broad range of specialized, long-term contract mining services. The Minerals and Royalties segment, which includes the Catapult Mineral Partners (Catapult) business, acquires and promotes the development of mineral and royalty interests and other related investments.
66GF Score
Get the complete analysis for NC
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
NC has been successfully added to your 
