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NextNXGPF 89 Return-on-Tangible-Asset is 23.27% as of Jan. 2026, which is 24% above its 10-year median of 18.82. GuruFocus rates NXGPF with a GF Score™ of 89/100 and a GF Value™ of $162.72 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,131 Retail - Cyclical companies, Next ranks better than 95.49% 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. Next's annualizedNet Income for the quarter that ended in Jan. 2026 was $1,378 Mil. Next's average total tangible assets for the quarter that ended in Jan. 2026 was $5,921 Mil. Therefore, Next's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2026 was 23.27%.
The historical rank and industry rank for Next's Return-on-Tangible-Asset or its related term are showing as below:
NXGPF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.83 Med: 18.82 Max: 27.34
Current: 20.66
During the past 13 years, Next's highest Return-on-Tangible-Asset was 27.34%. The lowest was 7.83%. And the median was 18.82%.
NXGPF's Return-on-Tangible-Asset is ranked better than 95.49% of 1131
companies
in the Retail - Cyclical industry
Industry Median: 2.91
vs NXGPF: 20.66
Next (OTCPK:NXGPF) 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.
Next Return-on-Tangible-Asset Related Terms
Next Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Next'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.
NXGPF vs TJX, ROST, BURL: Return-on-Tangible-Asset Comparison
For the Apparel Retail subindustry, Next'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.
Next Return-on-Tangible-Asset vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Next's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Next'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 (Jan. 2026) net income data.
What does a Return-on-Tangible-Asset of 23.27% mean?
Next (NXGPF) has a Return-on-Tangible-Asset of 23.27% as of Jan. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Next and its competitors. This is 24% above median its historical median of 18.82. Over the past decade, Next's Return-on-Tangible-Asset has ranged from 7.83 to 27.34. According to the industry distribution chart, Next ranks #51 out of 1131 companies in the Retail - Cyclical industry, placing it in the top 4.5%.
Is Next's Return-on-Tangible-Asset too high?
Next's current Return-on-Tangible-Asset of 23.27% is 24% above median its 10-year median of 18.82. Over the past 10 years, this metric has ranged from a low of 7.83 to a high of 27.34. The Retail - Cyclical industry median Return-on-Tangible-Asset is 2.91. Next's value of 23.27% is 699.7% above this industry median. Based on the distribution chart, Next ranks #51 out of 1131 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Next has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Next's Return-on-Tangible-Asset compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Next ranks #51 out of 1131 companies for Return-on-Tangible-Asset. This places Next in the top 5% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.91. Next's value of 23.27% is 699.7% above this benchmark. Historically, Next's own Return-on-Tangible-Asset has ranged from 7.83 to 27.34 over the past decade. While the company's 10-year median is 18.82 vs. the industry median of 2.91, Next 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 Retail - Cyclical company?
The median Return-on-Tangible-Asset among Retail - Cyclical companies is 2.91, based on 1,131 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. Next's current Return-on-Tangible-Asset of 23.27% is 699.7% 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 Next and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Asset is 2.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Next's current Return-on-Tangible-Asset is 23.27%, which is 24% above median its own 10-year median of 18.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Next stock overvalued right now?
Based on GuruFocus' analysis, Next (NXGPF) is currently considered Modestly Overvalued. The stock's GF Value™ is $162.72, compared to a current price of $197.60 — trading 21.4% above its estimated fair value. The current Return-on-Tangible-Asset is 23.27%, which is 24% above median its 10-year median of 18.82 and 699.7% above the Retail - Cyclical industry median of 2.91. Next's overall GF Score™ is 89/100 with 3 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 Next (NXGPF), the current Return-on-Tangible-Asset is 23.27% as of Jan. 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 Next (NXGPF) Overvalued in 2026?
Based on GuruFocus' analysis, Next stock appears to be overvalued.
The current stock price of $197.60 is trading 21.4% above its estimated GF Value™ of $162.72.
GuruFocus considers Next to be Modestly Overvalued.
Key valuation signals for NXGPF:
Return-on-Tangible-Asset: 23.27% (24% above median its 10-year median of 18.82)
GF Value™: $162.72 vs. price of $197.60 (21.4% above fair value)
Industry Position: 699.7% above the Retail - Cyclical median (#51 of 1131)
No single metric tells the full story. See the NXGPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Next PLC operates as a retailer, specializing in the sale of clothing, footwear, accessories, and home products. A portion of the company's product offerings comprises items bearing the Next brand. Additionally, the majority of the company's remaining sales occur through retail stores located outside the United Kingdom, which it franchises. The company's segments encompass NEXT Online, NEXT Finance, NEXT Retail, and Other Business Activities. A substantial portion of the company's revenue is derived from customers within the United Kingdom; however, its presence extends to regions such as the Rest of Europe, the Middle East, Asia, and the Rest of the World.
89GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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