Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. The National Investor Co's annualized net income for the quarter that ended in Dec. 2025 was د.إ4.98 Mil. The National Investor Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was د.إ216.97 Mil. Therefore, The National Investor Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 2.30%.
The historical rank and industry rank for The National Investor Co's Return-on-Tangible-Equity or its related term are showing as below:
ADX:TNI'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -7.69 Med: -1.28 Max: 7.9
Current: 2.1
During the past 13 years, The National Investor Co's highest Return-on-Tangible-Equity was 7.90%. The lowest was -7.69%. And the median was -1.28%.
ADX:TNI's Return-on-Tangible-Equity is not ranked
in the Asset Management industry.
Industry Median: 7.21
vs ADX:TNI: 2.10
The National Investor Co (ADX:TNI) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
The National Investor Co Return-on-Tangible-Equity Related Terms
The National Investor Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for The National Investor Co's Return-on-Tangible-Equity 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.
The National Investor Co Return-on-Tangible-Equity Chart
ADX:TNI vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, The National Investor Co's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
The National Investor Co Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, The National Investor Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where The National Investor Co's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 2.30% mean?
The National Investor Co (ADX:TNI) has a Return-on-Tangible-Equity of 2.30% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on The National Investor Co and its competitors.
Is The National Investor Co's Return-on-Tangible-Equity too high?
The National Investor Co's current Return-on-Tangible-Equity is 2.30%. The Asset Management industry median Return-on-Tangible-Equity is 7.21. The National Investor Co's value of 2.30% is 68.1% below this industry median. Overall, The National Investor Co has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does The National Investor Co's Return-on-Tangible-Equity compare to BLK and BX?
The National Investor Co's Return-on-Tangible-Equity of 2.30% can be compared against companies in the Asset Management industry. The industry median Return-on-Tangible-Equity is 7.21. The National Investor Co's value of 2.30% is 68.1% below 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-Equity for an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.21, based on 1,590 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. The National Investor Co's current Return-on-Tangible-Equity of 2.30% is 68.1% below 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on The National Investor Co and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The National Investor Co's current Return-on-Tangible-Equity is 2.30%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The National Investor Co stock overvalued right now?
The National Investor Co (ADX:TNI) has a current Return-on-Tangible-Equity of 2.30%. The stock's GF Value™ is د.إ0.94, compared to a current price of د.إ0.64 — trading 32% below its estimated fair value. The current Return-on-Tangible-Equity is 2.30% and 68.1% below the Asset Management industry median of 7.21. The National Investor Co's overall GF Score™ is 31/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For The National Investor Co (ADX:TNI), the current Return-on-Tangible-Equity is 2.30% 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 The National Investor Co (ADX:TNI) Overvalued in 2026?
Based on GuruFocus' analysis, The National Investor Co stock appears to be undervalued.
The current stock price of د.إ0.64 is trading 32% below its estimated GF Value™ of د.إ0.94.
Key valuation signals for ADX:TNI:
Return-on-Tangible-Equity: 2.30%
GF Value™: د.إ0.94 vs. price of د.إ0.64 (32% below fair value)
Industry Position: 68.1% below the Asset Management median
No single metric tells the full story. See the ADX:TNI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The National Investor Co and its subsidiaries are managed as an integrated investment and financial services company. The principal activities of the Group are private equity, real estate investment, and provision of consultancy, economic feasibility consultancy and studies, commercial agencies, and hospitality.
31GF Score
Get the complete analysis for ADX:TNI
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ADX:TNI has been successfully added to your 
