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National BanksharesNKSH -2.61%63 Return-on-Tangible-Asset is 1.10% as of Mar. 2026, which is 8% below its 10-year median of 1.19. GuruFocus rates NKSH with a GF Score™ of 63/100 and a GF Value™ of $32.71 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,529 Banks companies, National Bankshares ranks worse than 51.8% 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. National Bankshares's annualizedNet Income for the quarter that ended in Mar. 2026 was $19.92 Mil. National Bankshares's average total tangible assets for the quarter that ended in Mar. 2026 was $1,814.59 Mil. Therefore, National Bankshares's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.10%.
The historical rank and industry rank for National Bankshares's Return-on-Tangible-Asset or its related term are showing as below:
NKSH'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.44 Med: 1.19 Max: 1.54
Current: 0.97
During the past 13 years, National Bankshares's highest Return-on-Tangible-Asset was 1.54%. The lowest was 0.44%. And the median was 1.19%.
NKSH's Return-on-Tangible-Asset is ranked worse than 51.8% of 1529
companies
in the Banks industry
Industry Median: 0.99
vs NKSH: 0.97
National Bankshares (NAS:NKSH) 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.
National Bankshares Return-on-Tangible-Asset Related Terms
National Bankshares Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for National Bankshares'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.
National Bankshares Return-on-Tangible-Asset Chart
NKSH vs INBK, MRBK, FBLA: Return-on-Tangible-Asset Comparison
For the Banks - Regional subindustry, National Bankshares'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.
National Bankshares Return-on-Tangible-Asset vs Banks Industry
For the Banks industry and Financial Services sector, National Bankshares's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where National Bankshares'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 1.10% mean?
National Bankshares (NKSH) has a Return-on-Tangible-Asset of 1.10% 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 National Bankshares and its competitors. This is near median its historical median of 1.19. Over the past decade, National Bankshares' Return-on-Tangible-Asset has ranged from 0.44 to 1.54. According to the industry distribution chart, National Bankshares ranks #792 out of 1529 companies in the Banks industry, placing it in the top 51.8%.
Is National Bankshares' Return-on-Tangible-Asset too high?
National Bankshares' current Return-on-Tangible-Asset of 1.10% is near median its 10-year median of 1.19. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 1.54. The Banks industry median Return-on-Tangible-Asset is 0.99. National Bankshares' value of 1.10% is 11.1% above this industry median. Based on the distribution chart, National Bankshares ranks #792 out of 1529 companies in the Banks industry, which is below the industry midpoint. Overall, National Bankshares has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Bankshares' Return-on-Tangible-Asset compare to INBK and MRBK?
According to the Banks industry distribution chart, National Bankshares ranks #792 out of 1529 companies for Return-on-Tangible-Asset. This places National Bankshares in the lower half of its industry. The industry median Return-on-Tangible-Asset is 0.99. National Bankshares' value of 1.10% is 11.1% above this benchmark. Historically, National Bankshares' own Return-on-Tangible-Asset has ranged from 0.44 to 1.54 over the past decade. While the company's 10-year median is 1.19 vs. the industry median of 0.99, National Bankshares 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 Banks company?
The median Return-on-Tangible-Asset among Banks companies is 0.99, based on 1,529 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. National Bankshares's current Return-on-Tangible-Asset of 1.10% is 11.1% 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 National Bankshares and its competitors. For the Banks industry, the median Return-on-Tangible-Asset is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Bankshares's current Return-on-Tangible-Asset is 1.10%, which is near median its own 10-year median of 1.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Bankshares stock overvalued right now?
Based on GuruFocus' analysis, National Bankshares (NKSH) is currently considered Modestly Overvalued. The stock's GF Value™ is $32.71, compared to a current price of $36.59 — trading 11.9% above its estimated fair value. The current Return-on-Tangible-Asset is 1.10%, which is near median its 10-year median of 1.19 and 11.1% above the Banks industry median of 0.99. National Bankshares' overall GF Score™ is 63/100 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 National Bankshares (NKSH), the current Return-on-Tangible-Asset is 1.10% 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 National Bankshares (NKSH) Overvalued in 2026?
Based on GuruFocus' analysis, National Bankshares stock appears to be overvalued.
The current stock price of $36.59 is trading 11.9% above its estimated GF Value™ of $32.71.
GuruFocus considers National Bankshares to be Modestly Overvalued.
Key valuation signals for NKSH:
Return-on-Tangible-Asset: 1.10% (near median its 10-year median of 1.19)
GF Value™: $32.71 vs. price of $36.59 (11.9% above fair value)
Industry Position: 11.1% above the Banks median (#792 of 1529)
No single metric tells the full story. See the NKSH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Bankshares Inc is a bank holding company. It focuses on lending to small and mid-sized businesses and individuals. The types of loans it offers include commercial and agricultural loans, commercial real estate, construction loans for commercial and residential properties, residential real estate, home equity, and various consumer loan products. It also operates an insurance and brokerage subsidiary. The company earns its revenue from interest and fees on loans, non-interest income, and investments.
63GF Score
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