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Nowonomics ABNGM:NOWO 61 Return-on-Tangible-Asset is 83.29% as of Jun. 2026. GuruFocus rates NGM:NOWO with a GF Score™ of 61/100 and a GF Value™ of kr5.12 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 2,890 Software companies, Nowonomics AB ranks worse than 93.25% 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. Nowonomics AB's annualizedNet Income for the quarter that ended in Jun. 2026 was kr15.20 Mil. Nowonomics AB's average total tangible assets for the quarter that ended in Jun. 2026 was kr18.25 Mil. Therefore, Nowonomics AB's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 83.29%.
The historical rank and industry rank for Nowonomics AB's Return-on-Tangible-Asset or its related term are showing as below:
NGM:NOWO'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -201.48 Med: -158.38 Max: -139.56
Current: -145.92
During the past 7 years, Nowonomics AB's highest Return-on-Tangible-Asset was -139.56%. The lowest was -201.48%. And the median was -158.38%.
NGM:NOWO's Return-on-Tangible-Asset is ranked worse than 93.25% of 2890
companies
in the Software industry
Industry Median: 2.07
vs NGM:NOWO: -145.92
Nowonomics AB (NGM:NOWO) 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.
Nowonomics AB Return-on-Tangible-Asset Related Terms
Nowonomics AB Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Nowonomics 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.
NGM:NOWO vs UBER, SHOP, CRM: Return-on-Tangible-Asset Comparison
For the Software - Application subindustry, Nowonomics 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.
Nowonomics AB Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, Nowonomics AB's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nowonomics 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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 83.29% mean?
Nowonomics AB (NGM:NOWO) has a Return-on-Tangible-Asset of 83.29% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Nowonomics AB and its competitors. According to the industry distribution chart, Nowonomics AB ranks #2695 out of 2890 companies in the Software industry, placing it in the top 93.3%.
Is Nowonomics AB's Return-on-Tangible-Asset too high?
Nowonomics AB's current Return-on-Tangible-Asset is 83.29%. The Software industry median Return-on-Tangible-Asset is 2.07. Nowonomics AB's value of 83.29% is 3923.7% above this industry median. Based on the distribution chart, Nowonomics AB ranks #2695 out of 2890 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Nowonomics AB has a GF Score™ of 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nowonomics AB's Return-on-Tangible-Asset compare to UBER and SHOP?
According to the Software industry distribution chart, Nowonomics AB ranks #2695 out of 2890 companies for Return-on-Tangible-Asset. This places Nowonomics AB in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.07. Nowonomics AB's value of 83.29% is 3923.7% 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 2,890 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. Nowonomics AB's current Return-on-Tangible-Asset of 83.29% is 3923.7% 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 Nowonomics 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. Nowonomics AB's current Return-on-Tangible-Asset is 83.29%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nowonomics AB stock overvalued right now?
Based on GuruFocus' analysis, Nowonomics AB (NGM:NOWO) is currently considered Modestly Overvalued. The stock's GF Value™ is kr5.12, compared to a current price of kr5.85 — trading 14.3% above its estimated fair value. The current Return-on-Tangible-Asset is 83.29% and 3923.7% above the Software industry median of 2.07. Nowonomics AB's overall GF Score™ is 61/100 with 5 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 Nowonomics AB (NGM:NOWO), the current Return-on-Tangible-Asset is 83.29% as of Jun. 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 Nowonomics AB (NGM:NOWO) Overvalued in 2026?
Based on GuruFocus' analysis, Nowonomics AB stock appears to be overvalued.
The current stock price of kr5.85 is trading 14.3% above its estimated GF Value™ of kr5.12.
GuruFocus considers Nowonomics AB to be Modestly Overvalued.
Key valuation signals for NGM:NOWO:
Return-on-Tangible-Asset: 83.29%
GF Value™: kr5.12 vs. price of kr5.85 (14.3% above fair value)
Industry Position: 3923.7% above the Software median (#2695 of 2890)
No single metric tells the full story. See the NGM:NOWO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nowonomics AB is a savings platform whose purpose is to help the user to manage the personal finances. It aims to promote savings before retirement and therefore develops its own tools and solutions together with partners to simplify, educate and help members to have a accessible financial solutions.
61GF Score
Get the complete analysis for NGM:NOWO
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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