Noble Mineral ExplorationNLPXF -0.52% Return-on-Tangible-Asset is 236.10% as of Feb. 2026. Among 2,659 Metals & Mining companies, Noble Mineral Exploration ranks better than 98.72% 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. Noble Mineral Exploration's annualizedNet Income for the quarter that ended in Feb. 2026 was $25.87 Mil. Noble Mineral Exploration's average total tangible assets for the quarter that ended in Feb. 2026 was $10.96 Mil. Therefore, Noble Mineral Exploration's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2026 was 236.10%.
The historical rank and industry rank for Noble Mineral Exploration's Return-on-Tangible-Asset or its related term are showing as below:
NLPXF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -56.64 Med: -7.66 Max: 86.82
Current: 86.82
During the past 13 years, Noble Mineral Exploration's highest Return-on-Tangible-Asset was 86.82%. The lowest was -56.64%. And the median was -7.66%.
NLPXF's Return-on-Tangible-Asset is ranked better than 98.72% of 2659
companies
in the Metals & Mining industry
Industry Median: -17.32
vs NLPXF: 86.82
Noble Mineral Exploration (OTCPK:NLPXF) 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.
Noble Mineral Exploration Return-on-Tangible-Asset Related Terms
Noble Mineral Exploration Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Noble Mineral Exploration'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.
Noble Mineral Exploration Return-on-Tangible-Asset Chart
Noble Mineral Exploration Return-on-Tangible-Asset Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Noble Mineral Exploration'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.
Noble Mineral Exploration Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Noble Mineral Exploration's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Noble Mineral Exploration'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 (Feb. 2026) net income data.
What does a Return-on-Tangible-Asset of 236.10% mean?
Noble Mineral Exploration (NLPXF) has a Return-on-Tangible-Asset of 236.10% as of Feb. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Noble Mineral Exploration and its competitors. According to the industry distribution chart, Noble Mineral Exploration ranks #34 out of 2659 companies in the Metals & Mining industry, placing it in the top 1.3%.
Is Noble Mineral Exploration's Return-on-Tangible-Asset too high?
Noble Mineral Exploration's current Return-on-Tangible-Asset is 236.10%. Based on the distribution chart, Noble Mineral Exploration ranks #34 out of 2659 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers.
How does Noble Mineral Exploration's Return-on-Tangible-Asset compare to competitors?
According to the Metals & Mining industry distribution chart, Noble Mineral Exploration ranks #34 out of 2659 companies for Return-on-Tangible-Asset. This places Noble Mineral Exploration in the top 1% of its industry — outperforming the majority of peers. 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 Metals & Mining company?
A good Return-on-Tangible-Asset depends on the Metals & Mining industry context. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 Noble Mineral Exploration and its competitors. Noble Mineral Exploration's current Return-on-Tangible-Asset is 236.10%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noble Mineral Exploration stock overvalued right now?
Noble Mineral Exploration (NLPXF) has a current Return-on-Tangible-Asset of 236.10%. The current Return-on-Tangible-Asset is 236.10%. 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 Noble Mineral Exploration (NLPXF), the current Return-on-Tangible-Asset is 236.10% as of Feb. 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.
Noble Mineral Exploration Inc is a Canadian-based exploration company that is engaged in the mineral exploration and evaluation business. The company's projects include Project 81, Nagagami, Cere Villabon Newfoundland, Buckingham, Holdsworth and Hearst properties. It has exploration and development interests in Northern Ontario and Quebec that are drill-ready. The company has a single reporting operating segment engaged in the exploration and evaluation of mineral resources.
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