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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. NLB Banka a.d. Skopje's annualizedNet Income for the quarter that ended in Dec. 2025 was MKD0 Mil. NLB Banka a.d. Skopje's average total tangible assets for the quarter that ended in Dec. 2025 was MKD141,598 Mil. Therefore, NLB Banka a.d. Skopje's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 0.00%.
The historical rank and industry rank for NLB Banka a.d. Skopje's Return-on-Tangible-Asset or its related term are showing as below:
XMAE:TNB'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.27 Med: 2.5 Max: 3.39
Current: 2.42
During the past 13 years, NLB Banka a.d. Skopje's highest Return-on-Tangible-Asset was 3.39%. The lowest was 1.27%. And the median was 2.50%.
XMAE:TNB's Return-on-Tangible-Asset is ranked better than 92.41% of 1529
companies
in the Banks industry
Industry Median: 1.02
vs XMAE:TNB: 2.42
NLB Banka a.d. Skopje (XMAE:TNB) 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.
NLB Banka a.d. Skopje Return-on-Tangible-Asset Related Terms
NLB Banka a.d. Skopje Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for NLB Banka a.d. Skopje'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.
NLB Banka a.d. Skopje Return-on-Tangible-Asset Chart
XMAE:TNB vs PNC, USB, NU: Return-on-Tangible-Asset Comparison
For the Banks - Regional subindustry, NLB Banka a.d. Skopje'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.
NLB Banka a.d. Skopje Return-on-Tangible-Asset vs Banks Industry
For the Banks industry and Financial Services sector, NLB Banka a.d. Skopje's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where NLB Banka a.d. Skopje'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 0.00% mean?
NLB Banka a.d. Skopje (XMAE:TNB) has a Return-on-Tangible-Asset of 0.00% 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 NLB Banka a.d. Skopje and its competitors. Over the past decade, NLB Banka a.d. Skopje's Return-on-Tangible-Asset has ranged from 1.27 to 3.39. According to the industry distribution chart, NLB Banka a.d. Skopje ranks #116 out of 1529 companies in the Banks industry, placing it in the top 7.6%.
Is NLB Banka a.d. Skopje's Return-on-Tangible-Asset too high?
NLB Banka a.d. Skopje's current Return-on-Tangible-Asset is 0.00%. Over the past 10 years, this metric has ranged from a low of 1.27 to a high of 3.39. Based on the distribution chart, NLB Banka a.d. Skopje ranks #116 out of 1529 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, NLB Banka a.d. Skopje has a GF Score™ of 34/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NLB Banka a.d. Skopje's Return-on-Tangible-Asset compare to PNC and USB?
According to the Banks industry distribution chart, NLB Banka a.d. Skopje ranks #116 out of 1529 companies for Return-on-Tangible-Asset. This places NLB Banka a.d. Skopje in the top 8% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.02. Historically, NLB Banka a.d. Skopje's own Return-on-Tangible-Asset has ranged from 1.27 to 3.39 over the past decade. 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 Banks company?
The median Return-on-Tangible-Asset among Banks companies is 1.02, based on 1,529 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. 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 NLB Banka a.d. Skopje and its competitors. For the Banks industry, the median Return-on-Tangible-Asset is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NLB Banka a.d. Skopje's current Return-on-Tangible-Asset is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NLB Banka a.d. Skopje stock overvalued right now?
Based on GuruFocus' analysis, NLB Banka a.d. Skopje (XMAE:TNB) is currently considered Fairly Valued. The stock's GF Value™ is MKD54,757.08, compared to a current price of MKD52,500.00 — trading 4.1% below its estimated fair value. The current Return-on-Tangible-Asset is 0.00%. NLB Banka a.d. Skopje's overall GF Score™ is 34/100 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 NLB Banka a.d. Skopje (XMAE:TNB), the current Return-on-Tangible-Asset is 0.00% 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 NLB Banka a.d. Skopje (XMAE:TNB) Overvalued in 2026?
Based on GuruFocus' analysis, NLB Banka a.d. Skopje stock appears to be undervalued.
The current stock price of MKD52,500.00 is trading 4.1% below its estimated GF Value™ of MKD54,757.08.
GuruFocus considers NLB Banka a.d. Skopje to be Fairly Valued.
Key valuation signals for XMAE:TNB:
Return-on-Tangible-Asset: 0.00%
GF Value™: MKD54,757.08 vs. price of MKD52,500.00 (4.1% below fair value)
No single metric tells the full story. See the XMAE:TNB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NLB Banka a.d. Skopje is a bank in the Republic of Macedonia. It provides general banking services like accepting deposits, granting loans and advances, foreign exchange, asset management, retail banking services, brokerage services, custody services, and many others. The bank operates in the Republic of Macedonia, EU countries, Non-EU countries in Europe, and other countries.
34GF Score
Get the complete analysis for XMAE:TNB
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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