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. Nodebis Applications AB's annualizedNet Income for the quarter that ended in Mar. 2026 was kr11.7 Mil. Nodebis Applications AB's average total tangible assets for the quarter that ended in Mar. 2026 was kr68.3 Mil. Therefore, Nodebis Applications AB's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 17.12%.
The historical rank and industry rank for Nodebis Applications AB's Return-on-Tangible-Asset or its related term are showing as below:
NGM:NODE'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -4.87 Med: -1.08 Max: 8.06
Current: 8.06
During the past 6 years, Nodebis Applications AB's highest Return-on-Tangible-Asset was 8.06%. The lowest was -4.87%. And the median was -1.08%.
NGM:NODE's Return-on-Tangible-Asset is ranked better than 70.52% of 2877
companies
in the Software industry
Industry Median: 2.07
vs NGM:NODE: 8.06
Nodebis Applications AB (NGM:NODE) 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.
Nodebis Applications AB Return-on-Tangible-Asset Related Terms
Nodebis Applications AB Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Nodebis Applications 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.
Nodebis Applications AB Return-on-Tangible-Asset Chart
NGM:NODE vs UBER, SHOP, CRM: Return-on-Tangible-Asset Comparison
For the Software - Application subindustry, Nodebis Applications 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.
Nodebis Applications AB Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, Nodebis Applications AB's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nodebis Applications 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 17.12% mean?
Nodebis Applications AB (NGM:NODE) has a Return-on-Tangible-Asset of 17.12% 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 Nodebis Applications AB and its competitors. According to the industry distribution chart, Nodebis Applications AB ranks #848 out of 2877 companies in the Software industry, placing it in the top 29.5%.
Is Nodebis Applications AB's Return-on-Tangible-Asset too high?
Nodebis Applications AB's current Return-on-Tangible-Asset is 17.12%. The Software industry median Return-on-Tangible-Asset is 2.07. Nodebis Applications AB's value of 17.12% is 727.1% above this industry median. Based on the distribution chart, Nodebis Applications AB ranks #848 out of 2877 companies in the Software industry, which is above the industry midpoint. Overall, Nodebis Applications AB has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nodebis Applications AB's Return-on-Tangible-Asset compare to UBER and SHOP?
According to the Software industry distribution chart, Nodebis Applications AB ranks #848 out of 2877 companies for Return-on-Tangible-Asset. This puts Nodebis Applications AB in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.07. Nodebis Applications AB's value of 17.12% is 727.1% above this benchmark. 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 Software company?
The median Return-on-Tangible-Asset among Software companies is 2.07, based on 2,877 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. Nodebis Applications AB's current Return-on-Tangible-Asset of 17.12% is 727.1% 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 Nodebis Applications AB and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nodebis Applications AB's current Return-on-Tangible-Asset is 17.12%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nodebis Applications AB stock overvalued right now?
Based on GuruFocus' analysis, Nodebis Applications AB (NGM:NODE) is currently considered Significantly Overvalued. The stock's GF Value™ is kr15.48, compared to a current price of kr24.80 — trading 60.2% above its estimated fair value. The current Return-on-Tangible-Asset is 17.12% and 727.1% above the Software industry median of 2.07. Nodebis Applications AB's overall GF Score™ is 67/100 with 3 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 Nodebis Applications AB (NGM:NODE), the current Return-on-Tangible-Asset is 17.12% 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 Nodebis Applications AB (NGM:NODE) Overvalued in 2026?
Based on GuruFocus' analysis, Nodebis Applications AB stock appears to be overvalued.
The current stock price of kr24.80 is trading 60.2% above its estimated GF Value™ of kr15.48.
GuruFocus considers Nodebis Applications AB to be Significantly Overvalued.
Key valuation signals for NGM:NODE:
Return-on-Tangible-Asset: 17.12%
GF Value™: kr15.48 vs. price of kr24.80 (60.2% above fair value)
Industry Position: 727.1% above the Software median (#848 of 2877)
No single metric tells the full story. See the NGM:NODE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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