Royal ExchangeNSA:ROYALEX 9 Return-on-Tangible-Asset is 8.65% as of Dec. 2025. GuruFocus rates NSA:ROYALEX with a GF Score™ of 9/100. The stock has 5 warning signs investors should review. Among 509 Insurance companies, Royal Exchange ranks better than 87.82% 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. Royal Exchange's annualizedNet Income for the quarter that ended in Dec. 2025 was ₦924.0 Mil. Royal Exchange's average total tangible assets for the quarter that ended in Dec. 2025 was ₦10,680.2 Mil. Therefore, Royal Exchange's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 8.65%.
The historical rank and industry rank for Royal Exchange's Return-on-Tangible-Asset or its related term are showing as below:
NSA:ROYALEX'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7.28 Med: -2.64 Max: 11.65
Current: 8.65
During the past 13 years, Royal Exchange's highest Return-on-Tangible-Asset was 11.65%. The lowest was -7.28%. And the median was -2.64%.
NSA:ROYALEX's Return-on-Tangible-Asset is ranked better than 87.82% of 509
companies
in the Insurance industry
Industry Median: 2.74
vs NSA:ROYALEX: 8.65
Royal Exchange (NSA:ROYALEX) 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.
Royal Exchange Return-on-Tangible-Asset Related Terms
Royal Exchange Return-on-Tangible-Asset Historical Data
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The historical data trend for Royal Exchange'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:ROYALEX vs BRK.A, AIG, HIG: Return-on-Tangible-Asset Comparison
For the Insurance - Diversified subindustry, Royal Exchange'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.
Royal Exchange Return-on-Tangible-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, Royal Exchange's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Royal Exchange'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 one times the annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 8.65% mean?
Royal Exchange (NSA:ROYALEX) has a Return-on-Tangible-Asset of 8.65% 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 Royal Exchange and its competitors. According to the industry distribution chart, Royal Exchange ranks #62 out of 509 companies in the Insurance industry, placing it in the top 12.2%.
Is Royal Exchange's Return-on-Tangible-Asset too high?
Royal Exchange's current Return-on-Tangible-Asset is 8.65%. The Insurance industry median Return-on-Tangible-Asset is 2.74. Royal Exchange's value of 8.65% is 215.7% above this industry median. Based on the distribution chart, Royal Exchange ranks #62 out of 509 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, Royal Exchange has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Royal Exchange's Return-on-Tangible-Asset compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Royal Exchange ranks #62 out of 509 companies for Return-on-Tangible-Asset. This places Royal Exchange in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.74. Royal Exchange's value of 8.65% is 215.7% 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 an Insurance company?
The median Return-on-Tangible-Asset among Insurance companies is 2.74, based on 509 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. Royal Exchange's current Return-on-Tangible-Asset of 8.65% is 215.7% 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 Royal Exchange and its competitors. For the Insurance industry, the median Return-on-Tangible-Asset is 2.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Royal Exchange's current Return-on-Tangible-Asset is 8.65%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Royal Exchange stock overvalued right now?
Royal Exchange (NSA:ROYALEX) has a current Return-on-Tangible-Asset of 8.65%. The current Return-on-Tangible-Asset is 8.65% and 215.7% above the Insurance industry median of 2.74. Royal Exchange's overall GF Score™ is 9/100 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 Royal Exchange (NSA:ROYALEX), the current Return-on-Tangible-Asset is 8.65% 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.
Royal Exchange PLC principal activities are general insurance, health insurance, and credit financing, with segments including Life Insurance, Healthcare, and Credit Financing.
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