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NCAB Group ABNCABF 97 Return-on-Tangible-Asset is 16.89% as of Mar. 2026, which is 13% below its 10-year median of 19.44. GuruFocus rates NCABF with a GF Score™ of 97/100. The stock has 4 warning signs investors should review. Among 2,502 Hardware companies, NCAB Group AB ranks better than 92.85% 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. NCAB Group AB's annualizedNet Income for the quarter that ended in Mar. 2026 was $32.03 Mil. NCAB Group AB's average total tangible assets for the quarter that ended in Mar. 2026 was $189.63 Mil. Therefore, NCAB Group AB's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 16.89%.
The historical rank and industry rank for NCAB Group AB's Return-on-Tangible-Asset or its related term are showing as below:
NCABF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 10.03 Med: 19.44 Max: 24.56
Current: 13.74
During the past 11 years, NCAB Group AB's highest Return-on-Tangible-Asset was 24.56%. The lowest was 10.03%. And the median was 19.44%.
NCABF's Return-on-Tangible-Asset is ranked better than 92.85% of 2502
companies
in the Hardware industry
Industry Median: 2.445
vs NCABF: 13.74
NCAB Group AB (OTCPK:NCABF) 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.
NCAB Group AB Return-on-Tangible-Asset Related Terms
NCAB Group AB Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for NCAB Group AB'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.
NCABF vs APH, GLW: Return-on-Tangible-Asset Comparison
For the Electronic Components subindustry, NCAB Group AB'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.
NCAB Group AB Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, NCAB Group AB's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where NCAB Group AB'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 16.89% mean?
NCAB Group AB (NCABF) has a Return-on-Tangible-Asset of 16.89% 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 NCAB Group AB and its competitors. This is 13% below median its historical median of 19.44. Over the past decade, NCAB Group AB's Return-on-Tangible-Asset has ranged from 10.03 to 24.56. According to the industry distribution chart, NCAB Group AB ranks #179 out of 2502 companies in the Hardware industry, placing it in the top 7.2%.
Is NCAB Group AB's Return-on-Tangible-Asset too high?
NCAB Group AB's current Return-on-Tangible-Asset of 16.89% is 13% below median its 10-year median of 19.44. Over the past 10 years, this metric has ranged from a low of 10.03 to a high of 24.56. The Hardware industry median Return-on-Tangible-Asset is 2.45. NCAB Group AB's value of 16.89% is 590.8% above this industry median. Based on the distribution chart, NCAB Group AB ranks #179 out of 2502 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, NCAB Group AB has a GF Score™ of 97/100, reflecting its overall financial health beyond just this single metric.
How does NCAB Group AB's Return-on-Tangible-Asset compare to APH and GLW?
According to the Hardware industry distribution chart, NCAB Group AB ranks #179 out of 2502 companies for Return-on-Tangible-Asset. This places NCAB Group AB in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.45. NCAB Group AB's value of 16.89% is 590.8% above this benchmark. Historically, NCAB Group AB's own Return-on-Tangible-Asset has ranged from 10.03 to 24.56 over the past decade. While the company's 10-year median is 19.44 vs. the industry median of 2.45, NCAB Group AB 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.45, based on 2,502 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. NCAB Group AB's current Return-on-Tangible-Asset of 16.89% is 590.8% 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 NCAB Group AB and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NCAB Group AB's current Return-on-Tangible-Asset is 16.89%, which is 13% below median its own 10-year median of 19.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NCAB Group AB stock overvalued right now?
NCAB Group AB (NCABF) has a current Return-on-Tangible-Asset of 16.89%. The current Return-on-Tangible-Asset is 16.89%, which is 13% below median its 10-year median of 19.44 and 590.8% above the Hardware industry median of 2.45. NCAB Group AB's overall GF Score™ is 97/100 with 4 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 NCAB Group AB (NCABF), the current Return-on-Tangible-Asset is 16.89% 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.
NCAB Group AB offers a broad range of printed circuit board (PCB) which, after receiving a customer order, are sourced from external manufacturers, predominantly located in China. It provides comprehensive services comprising design support, through prototyping, production and quality control. The operating activities are controlled in four segments; Nordic, Europe, East and North America. It generates key revenue from the Europe segment which includes the provision of a broad range of PCBs from the companies in the UK, Poland, France, Italy, Germany and Spain.
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