NAOS Absolute Opportunities CoASX:NAC +2.00%32 Return-on-Tangible-Equity is 23.69% as of Dec. 2025, which is 218% above its 10-year median of 7.44. GuruFocus rates ASX:NAC with a GF Score™ of 32/100. The stock has 1 warning sign investors should review. Among 1,588 Asset Management companies, NAOS Absolute Opportunities Co ranks better than 92.32% on this metric.
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. NAOS Absolute Opportunities Co's annualized net income for the quarter that ended in Dec. 2025 was A$8.63 Mil. NAOS Absolute Opportunities Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was A$36.45 Mil. Therefore, NAOS Absolute Opportunities Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 23.69%.
The historical rank and industry rank for NAOS Absolute Opportunities Co's Return-on-Tangible-Equity or its related term are showing as below:
ASX:NAC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -35.83 Med: 7.44 Max: 43.61
Current: 43.61
During the past 11 years, NAOS Absolute Opportunities Co's highest Return-on-Tangible-Equity was 43.61%. The lowest was -35.83%. And the median was 7.44%.
ASX:NAC's Return-on-Tangible-Equity is ranked better than 92.32% of 1588
companies
in the Asset Management industry
Industry Median: 7.19
vs ASX:NAC: 43.61
NAOS Absolute Opportunities Co (ASX:NAC) 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.
NAOS Absolute Opportunities Co Return-on-Tangible-Equity Related Terms
NAOS Absolute Opportunities Co Return-on-Tangible-Equity Historical Data
* 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.
NAOS Absolute Opportunities Co Return-on-Tangible-Equity Chart
ASX:NAC vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, NAOS Absolute Opportunities 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.
NAOS Absolute Opportunities Co Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, NAOS Absolute Opportunities Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where NAOS Absolute Opportunities 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 23.69% mean?
NAOS Absolute Opportunities Co (ASX:NAC) has a Return-on-Tangible-Equity of 23.69% 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 NAOS Absolute Opportunities Co and its competitors. This is 218% above median its historical median of 7.44. According to the industry distribution chart, NAOS Absolute Opportunities Co ranks #122 out of 1588 companies in the Asset Management industry, placing it in the top 7.7%.
Is NAOS Absolute Opportunities Co's Return-on-Tangible-Equity too high?
NAOS Absolute Opportunities Co's current Return-on-Tangible-Equity of 23.69% is 218% above median its 10-year median of 7.44. The Asset Management industry median Return-on-Tangible-Equity is 7.19. NAOS Absolute Opportunities Co's value of 23.69% is 229.5% above this industry median. Based on the distribution chart, NAOS Absolute Opportunities Co ranks #122 out of 1588 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, NAOS Absolute Opportunities Co has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does NAOS Absolute Opportunities Co's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, NAOS Absolute Opportunities Co ranks #122 out of 1588 companies for Return-on-Tangible-Equity. This places NAOS Absolute Opportunities Co in the top 8% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.19. NAOS Absolute Opportunities Co's value of 23.69% is 229.5% above this benchmark. While the company's 10-year median is 7.44 vs. the industry median of 7.19, NAOS Absolute Opportunities Co 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-Equity for an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.19, based on 1,588 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. NAOS Absolute Opportunities Co's current Return-on-Tangible-Equity of 23.69% is 229.5% 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-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 NAOS Absolute Opportunities Co and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NAOS Absolute Opportunities Co's current Return-on-Tangible-Equity is 23.69%, which is 218% above median its own 10-year median of 7.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NAOS Absolute Opportunities Co stock overvalued right now?
NAOS Absolute Opportunities Co (ASX:NAC) has a current Return-on-Tangible-Equity of 23.69%. The current Return-on-Tangible-Equity is 23.69%, which is 218% above median its 10-year median of 7.44 and 229.5% above the Asset Management industry median of 7.19. NAOS Absolute Opportunities Co's overall GF Score™ is 32/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For NAOS Absolute Opportunities Co (ASX:NAC), the current Return-on-Tangible-Equity is 23.69% 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.
NAOS Absolute Opportunities Co Business Description
NAOS Absolute Opportunities Co Ltd is an investment company. The company invests in mid-cap listed equities through a long-biased structure with a long-term value focus that can produce positive absolute returns. It operates in Australia and derives revenue from dividend income, interest income and from the investment portfolio.
32GF Score
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