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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. NIS AD's annualizedNet Income for the quarter that ended in Jun. 2026 was RSD28,119 Mil. NIS AD's average total tangible assets for the quarter that ended in Jun. 2026 was RSD473,085 Mil. Therefore, NIS AD's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 5.94%.
The historical rank and industry rank for NIS AD's Return-on-Tangible-Asset or its related term are showing as below:
XBEL:NIIS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.01 Med: 4.98 Max: 20.99
Current: 1.82
During the past 13 years, NIS AD's highest Return-on-Tangible-Asset was 20.99%. The lowest was -2.01%. And the median was 4.98%.
XBEL:NIIS's Return-on-Tangible-Asset is not ranked
in the Oil & Gas industry.
Industry Median: 2.735
vs XBEL:NIIS: 1.82
NIS AD (XBEL:NIIS) 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.
NIS AD Return-on-Tangible-Asset Related Terms
NIS AD Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for NIS AD'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.
XBEL:NIIS vs PSX, MPC, VLO: Return-on-Tangible-Asset Comparison
For the Oil & Gas Refining & Marketing subindustry, NIS AD'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.
NIS AD Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NIS AD's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where NIS AD'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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 5.94% mean?
NIS AD (XBEL:NIIS) has a Return-on-Tangible-Asset of 5.94% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on NIS AD and its competitors. This is 19% above median its historical median of 4.98.
Is NIS AD's Return-on-Tangible-Asset too high?
NIS AD's current Return-on-Tangible-Asset of 5.94% is 19% above median its 10-year median of 4.98. The Oil & Gas industry median Return-on-Tangible-Asset is 2.74. NIS AD's value of 5.94% is 117.2% above this industry median. Overall, NIS AD has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does NIS AD's Return-on-Tangible-Asset compare to PSX and MPC?
NIS AD's Return-on-Tangible-Asset of 5.94% can be compared against companies in the Oil & Gas industry. The industry median Return-on-Tangible-Asset is 2.74. NIS AD's value of 5.94% is 117.2% above this benchmark. While the company's 10-year median is 4.98 vs. the industry median of 2.74, NIS AD 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 an Oil & Gas company?
The median Return-on-Tangible-Asset among Oil & Gas companies is 2.74, based on 1,032 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. NIS AD's current Return-on-Tangible-Asset of 5.94% is 117.2% 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 NIS AD and its competitors. For the Oil & Gas 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. NIS AD's current Return-on-Tangible-Asset is 5.94%, which is 19% above median its own 10-year median of 4.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NIS AD stock overvalued right now?
NIS AD (XBEL:NIIS) has a current Return-on-Tangible-Asset of 5.94%. The stock's GF Value™ is RSD705.03, compared to a current price of RSD705.00 — trading 0% below its estimated fair value. The current Return-on-Tangible-Asset is 5.94%, which is 19% above median its 10-year median of 4.98 and 117.2% above the Oil & Gas industry median of 2.74. NIS AD's overall GF Score™ is 18/100 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 NIS AD (XBEL:NIIS), the current Return-on-Tangible-Asset is 5.94% as of Jun. 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 NIS AD (XBEL:NIIS) Overvalued in 2026?
Based on GuruFocus' analysis, NIS AD stock appears to be undervalued.
The current stock price of RSD705.00 is trading 0% below its estimated GF Value™ of RSD705.03.
Key valuation signals for XBEL:NIIS:
Return-on-Tangible-Asset: 5.94% (19% above median its 10-year median of 4.98)
GF Value™: RSD705.03 vs. price of RSD705.00 (0% below fair value)
Industry Position: 117.2% above the Oil & Gas median
No single metric tells the full story. See the XBEL:NIIS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NIS AD is vertically-integrated energy company operating in Serbia. It engages in the exploration, production, and development of crude oil and gas as well as the production of refined petroleum products, petroleum products and gas trading and electric generation and trading. NIS operates through two segments namely Upstream and Downstream. The Upstream segment includes exploration, development, and production of crude oil and natural gas and oil field services whereas the Downstream segment includes refining and marketing, processing of crude oil into refined products and purchases, sale and transport of crude and refined petroleum products. The company's products are compressed natural gas, motor fuels, energy fuels, oils and lubricants, petrochemical products, and other products.
18GF Score
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