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.
NIB HoldingsNIBHF 89 Return-on-Tangible-Asset is 10.01% as of Dec. 2025, which is 16% below its 10-year median of 11.92. GuruFocus rates NIBHF with a GF Score™ of 89/100. The stock has 8 warning signs investors should review. Among 506 Insurance companies, NIB Holdings ranks better than 93.87% 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. NIB Holdings's annualizedNet Income for the quarter that ended in Dec. 2025 was $110.17 Mil. NIB Holdings's average total tangible assets for the quarter that ended in Dec. 2025 was $1,100.82 Mil. Therefore, NIB Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 10.01%.
The historical rank and industry rank for NIB Holdings's Return-on-Tangible-Asset or its related term are showing as below:
NIBHF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7 Med: 11.92 Max: 13.75
Current: 12.29
During the past 13 years, NIB Holdings's highest Return-on-Tangible-Asset was 13.75%. The lowest was 7.00%. And the median was 11.92%.
NIBHF's Return-on-Tangible-Asset is ranked better than 93.87% of 506
companies
in the Insurance industry
Industry Median: 2.71
vs NIBHF: 12.29
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.
NIB Holdings Return-on-Tangible-Asset Related Terms
NIB Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for NIB Holdings'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.
NIBHF vs FNF, AXS, FAF: Return-on-Tangible-Asset Comparison
For the Insurance - Specialty subindustry, NIB Holdings'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.
NIB Holdings Return-on-Tangible-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, NIB Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where NIB Holdings'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 10.01% mean?
NIB Holdings (NIBHF) has a Return-on-Tangible-Asset of 10.01% 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 NIB Holdings and its competitors. This is 16% below median its historical median of 11.92. Over the past decade, NIB Holdings' Return-on-Tangible-Asset has ranged from 7.00 to 13.75. According to the industry distribution chart, NIB Holdings ranks #31 out of 506 companies in the Insurance industry, placing it in the top 6.1%.
Is NIB Holdings' Return-on-Tangible-Asset too high?
NIB Holdings' current Return-on-Tangible-Asset of 10.01% is 16% below median its 10-year median of 11.92. Over the past 10 years, this metric has ranged from a low of 7.00 to a high of 13.75. The Insurance industry median Return-on-Tangible-Asset is 2.71. NIB Holdings' value of 10.01% is 269.4% above this industry median. Based on the distribution chart, NIB Holdings ranks #31 out of 506 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, NIB Holdings has a GF Score™ of 89/100, reflecting its overall financial health beyond just this single metric.
How does NIB Holdings' Return-on-Tangible-Asset compare to FNF and AXS?
According to the Insurance industry distribution chart, NIB Holdings ranks #31 out of 506 companies for Return-on-Tangible-Asset. This places NIB Holdings in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.71. NIB Holdings' value of 10.01% is 269.4% above this benchmark. Historically, NIB Holdings' own Return-on-Tangible-Asset has ranged from 7.00 to 13.75 over the past decade. While the company's 10-year median is 11.92 vs. the industry median of 2.71, NIB Holdings 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 Insurance company?
The median Return-on-Tangible-Asset among Insurance companies is 2.71, based on 506 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. NIB Holdings's current Return-on-Tangible-Asset of 10.01% is 269.4% 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 NIB Holdings and its competitors. For the Insurance industry, the median Return-on-Tangible-Asset is 2.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NIB Holdings's current Return-on-Tangible-Asset is 10.01%, which is 16% below median its own 10-year median of 11.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NIB Holdings stock overvalued right now?
NIB Holdings (NIBHF) has a current Return-on-Tangible-Asset of 10.01%. The current Return-on-Tangible-Asset is 10.01%, which is 16% below median its 10-year median of 11.92 and 269.4% above the Insurance industry median of 2.71. NIB Holdings' overall GF Score™ is 89/100 with 8 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 NIB Holdings (NIBHF), the current Return-on-Tangible-Asset is 10.01% 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.
NIB Holdings is Australia's fourth-largest health fund. It is a national provider of private health insurance, life insurance, travel insurance, and related healthcare services, with a growing presence in New Zealand. Approximately 55% of the population is covered by private health insurance because of taxation benefits, shorter wait times, a choice of doctor and hospital, and cover of ancillary health services.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NIBHF has been successfully added to your 
