NGE CapitalNGELF -0.33%59 Return-on-Tangible-Asset is 26.06% as of Dec. 2025, which is 90% above its 10-year median of 13.70. GuruFocus rates NGELF with a GF Score™ of 59/100 and a GF Value™ of $1.33. The stock has 1 warning sign investors should review. Among 1,632 Asset Management companies, NGE Capital ranks better than 89.89% 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. NGE Capital's annualizedNet Income for the quarter that ended in Dec. 2025 was $9.81 Mil. NGE Capital's average total tangible assets for the quarter that ended in Dec. 2025 was $37.67 Mil. Therefore, NGE Capital's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 26.06%.
The historical rank and industry rank for NGE Capital's Return-on-Tangible-Asset or its related term are showing as below:
NGELF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -5.15 Med: 13.7 Max: 21.96
Current: 21.96
During the past 13 years, NGE Capital's highest Return-on-Tangible-Asset was 21.96%. The lowest was -5.15%. And the median was 13.70%.
NGELF's Return-on-Tangible-Asset is ranked better than 89.89% of 1632
companies
in the Asset Management industry
Industry Median: 4.095
vs NGELF: 21.96
NGE Capital (OTCPK:NGELF) 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.
NGE Capital Return-on-Tangible-Asset Related Terms
NGE Capital Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for NGE Capital'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.
NGELF vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, NGE Capital'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.
NGE Capital Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, NGE Capital's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where NGE Capital'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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 26.06% mean?
NGE Capital (NGELF) has a Return-on-Tangible-Asset of 26.06% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on NGE Capital and its competitors. This is 90% above median its historical median of 13.70. According to the industry distribution chart, NGE Capital ranks #165 out of 1632 companies in the Asset Management industry, placing it in the top 10.1%.
Is NGE Capital's Return-on-Tangible-Asset too high?
NGE Capital's current Return-on-Tangible-Asset of 26.06% is 90% above median its 10-year median of 13.70. The Asset Management industry median Return-on-Tangible-Asset is 4.10. NGE Capital's value of 26.06% is 536.4% above this industry median. Based on the distribution chart, NGE Capital ranks #165 out of 1632 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, NGE Capital has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does NGE Capital's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, NGE Capital ranks #165 out of 1632 companies for Return-on-Tangible-Asset. This places NGE Capital in the top 10% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.10. NGE Capital's value of 26.06% is 536.4% above this benchmark. While the company's 10-year median is 13.70 vs. the industry median of 4.10, NGE Capital 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 an Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.10, based on 1,632 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. NGE Capital's current Return-on-Tangible-Asset of 26.06% is 536.4% 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 NGE Capital and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NGE Capital's current Return-on-Tangible-Asset is 26.06%, which is 90% above median its own 10-year median of 13.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NGE Capital stock overvalued right now?
NGE Capital (NGELF) has a current Return-on-Tangible-Asset of 26.06%. The stock's GF Value™ is $1.33, compared to a current price of $0.63 — trading 52.7% below its estimated fair value. The current Return-on-Tangible-Asset is 26.06%, which is 90% above median its 10-year median of 13.70 and 536.4% above the Asset Management industry median of 4.10. NGE Capital's overall GF Score™ is 59/100 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 NGE Capital (NGELF), the current Return-on-Tangible-Asset is 26.06% as of Dec. 2025. 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 NGE Capital (NGELF) Overvalued in 2026?
Based on GuruFocus' analysis, NGE Capital stock appears to be undervalued.
The current stock price of $0.63 is trading 52.7% below its estimated GF Value™ of $1.33.
Key valuation signals for NGELF:
Return-on-Tangible-Asset: 26.06% (90% above median its 10-year median of 13.70)
GF Value™: $1.33 vs. price of $0.63 (52.7% below fair value)
Industry Position: 536.4% above the Asset Management median (#165 of 1632)
No single metric tells the full story. See the NGELF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NGE Capital Ltd is an internally managed Listed Investment Company whose principal activities are making investments in listed and unlisted securities. The company is engaged solely in investment activities conducted from Australia, deriving revenue from dividend income, interest income, and the sale of investments.
59GF Score
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