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Unilever NigeriaNSA:LEVBROS +2.48%84 Return-on-Tangible-Asset is 23.21% as of Dec. 2025, which is 284% above its 10-year median of 6.04. GuruFocus rates NSA:LEVBROS with a GF Score™ of 84/100 and a GF Value™ of ₦52.15 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,997 Consumer Packaged Goods companies, Unilever Nigeria ranks better than 95.59% 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. Unilever Nigeria's annualizedNet Income for the quarter that ended in Dec. 2025 was ₦40,870 Mil. Unilever Nigeria's average total tangible assets for the quarter that ended in Dec. 2025 was ₦176,098 Mil. Therefore, Unilever Nigeria's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 23.21%.
The historical rank and industry rank for Unilever Nigeria's Return-on-Tangible-Asset or its related term are showing as below:
NSA:LEVBROS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.32 Med: 6.04 Max: 20.01
Current: 19.89
During the past 13 years, Unilever Nigeria's highest Return-on-Tangible-Asset was 20.01%. The lowest was -6.32%. And the median was 6.04%.
NSA:LEVBROS's Return-on-Tangible-Asset is ranked better than 95.59% of 1997
companies
in the Consumer Packaged Goods industry
Industry Median: 3.39
vs NSA:LEVBROS: 19.89
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.
Unilever Nigeria Return-on-Tangible-Asset Related Terms
Unilever Nigeria Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Unilever Nigeria'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.
NSA:LEVBROS vs PG, CL, KVUE: Return-on-Tangible-Asset Comparison
For the Household & Personal Products subindustry, Unilever Nigeria'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.
Unilever Nigeria Return-on-Tangible-Asset vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Unilever Nigeria's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Unilever Nigeria'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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 23.21% mean?
Unilever Nigeria (NSA:LEVBROS) has a Return-on-Tangible-Asset of 23.21% 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 Unilever Nigeria and its competitors. This is 284% above median its historical median of 6.04. According to the industry distribution chart, Unilever Nigeria ranks #88 out of 1997 companies in the Consumer Packaged Goods industry, placing it in the top 4.4%.
Is Unilever Nigeria's Return-on-Tangible-Asset too high?
Unilever Nigeria's current Return-on-Tangible-Asset of 23.21% is 284% above median its 10-year median of 6.04. The Consumer Packaged Goods industry median Return-on-Tangible-Asset is 3.39. Unilever Nigeria's value of 23.21% is 584.7% above this industry median. Based on the distribution chart, Unilever Nigeria ranks #88 out of 1997 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Unilever Nigeria has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Unilever Nigeria's Return-on-Tangible-Asset compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Unilever Nigeria ranks #88 out of 1997 companies for Return-on-Tangible-Asset. This places Unilever Nigeria in the top 4% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.39. Unilever Nigeria's value of 23.21% is 584.7% above this benchmark. While the company's 10-year median is 6.04 vs. the industry median of 3.39, Unilever Nigeria 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 Consumer Packaged Goods company?
The median Return-on-Tangible-Asset among Consumer Packaged Goods companies is 3.39, based on 1,997 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. Unilever Nigeria's current Return-on-Tangible-Asset of 23.21% is 584.7% 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 Unilever Nigeria and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Asset is 3.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Unilever Nigeria's current Return-on-Tangible-Asset is 23.21%, which is 284% above median its own 10-year median of 6.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Unilever Nigeria stock overvalued right now?
Based on GuruFocus' analysis, Unilever Nigeria (NSA:LEVBROS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦52.15, compared to a current price of ₦124.00 — trading 137.8% above its estimated fair value. The current Return-on-Tangible-Asset is 23.21%, which is 284% above median its 10-year median of 6.04 and 584.7% above the Consumer Packaged Goods industry median of 3.39. Unilever Nigeria's overall GF Score™ is 84/100 with 1 warning sign 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 Unilever Nigeria (NSA:LEVBROS), the current Return-on-Tangible-Asset is 23.21% 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.
Is Unilever Nigeria (NSA:LEVBROS) Overvalued in 2026?
Based on GuruFocus' analysis, Unilever Nigeria stock appears to be overvalued.
The current stock price of ₦124.00 is trading 137.8% above its estimated GF Value™ of ₦52.15.
GuruFocus considers Unilever Nigeria to be Significantly Overvalued.
Key valuation signals for NSA:LEVBROS:
Return-on-Tangible-Asset: 23.21% (284% above median its 10-year median of 6.04)
GF Value™: ₦52.15 vs. price of ₦124.00 (137.8% above fair value)
Industry Position: 584.7% above the Consumer Packaged Goods median (#88 of 1997)
No single metric tells the full story. See the NSA:LEVBROS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Unilever Nigeria PLC is principally involved in the manufacture and marketing of Nutrition, Beauty & Wellbeing, and Personal Care products. It has manufacturing sites in Oregun, Lagos State, and Agbara, Ogun State. The company's operating segments are: Foods, Personal Care, and Beauty & Wellbeing. Maximum revenue is generated from the Foods segment, which includes the sale of savoury products. The Personal Care segment includes the sale of oral care and deodorant products, and the Beauty & Wellbeing segment includes sales of skin care products. Geographically, the company generates maximum revenue from its business in Nigeria, and to a lesser extent, also exports its products to other countries.
84GF Score
Get the complete analysis for NSA:LEVBROS
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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