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. Nickel Industries's annualized net income for the quarter that ended in Dec. 2025 was A$-206 Mil. Nickel Industries's average shareholder tangible equity for the quarter that ended in Dec. 2025 was A$2,978 Mil. Therefore, Nickel Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was -6.91%.
The historical rank and industry rank for Nickel Industries's Return-on-Tangible-Equity or its related term are showing as below:
ASX:NIC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -8.19 Med: 7.09 Max: 31.71
Current: -2.82
During the past 8 years, Nickel Industries's highest Return-on-Tangible-Equity was 31.71%. The lowest was -8.19%. And the median was 7.09%.
ASX:NIC's Return-on-Tangible-Equity is ranked better than 68.87% of 2374
companies
in the Metals & Mining industry
Industry Median: -16.495
vs ASX:NIC: -2.82
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.
Nickel Industries Return-on-Tangible-Equity Related Terms
Nickel Industries Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Nickel Industries'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.
For the Other Industrial Metals & Mining subindustry, Nickel Industries'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.
Nickel Industries Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Nickel Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nickel Industries'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 -6.91% mean?
Nickel Industries (ASX:NIC) has a Return-on-Tangible-Equity of -6.91% 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 Nickel Industries and its competitors. According to the industry distribution chart, Nickel Industries ranks #739 out of 2374 companies in the Metals & Mining industry, placing it in the top 31.1%.
Is Nickel Industries' Return-on-Tangible-Equity too high?
Nickel Industries' current Return-on-Tangible-Equity is -6.91%. Based on the distribution chart, Nickel Industries ranks #739 out of 2374 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Nickel Industries has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nickel Industries' Return-on-Tangible-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, Nickel Industries ranks #739 out of 2374 companies for Return-on-Tangible-Equity. This puts Nickel Industries in the upper half of its industry. 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 a Metals & Mining company?
A good Return-on-Tangible-Equity depends on the Metals & Mining industry context. However, Return-on-Tangible-Equity 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-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 Nickel Industries and its competitors. Nickel Industries's current Return-on-Tangible-Equity is -6.91%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nickel Industries stock overvalued right now?
Based on GuruFocus' analysis, Nickel Industries (ASX:NIC) is currently considered Modestly Overvalued. The stock's GF Value™ is A$0.72, compared to a current price of A$0.92 — trading 27.8% above its estimated fair value. The current Return-on-Tangible-Equity is -6.91%. Nickel Industries' overall GF Score™ is 63/100 with 10 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 Nickel Industries (ASX:NIC), the current Return-on-Tangible-Equity is -6.91% 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 Nickel Industries (ASX:NIC) Overvalued in 2026?
Based on GuruFocus' analysis, Nickel Industries stock appears to be overvalued.
The current stock price of A$0.92 is trading 27.8% above its estimated GF Value™ of A$0.72.
GuruFocus considers Nickel Industries to be Modestly Overvalued.
Key valuation signals for ASX:NIC:
Return-on-Tangible-Equity: -6.91%
GF Value™: A$0.72 vs. price of A$0.92 (27.8% above fair value)
No single metric tells the full story. See the ASX:NIC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nickel Industries Ltd is engaged in acquiring, exploring, and developing nickel projects. The group has three segments: nickel ore mining in Indonesia, the RKEF projects in Indonesia and Singapore, and the HPAL projects in Indonesia. Its principal operations, located in Indonesia, are the Hengjaya Nickel, Oracle Nickel, and RKEF projects located within the Indonesia Morowali Industrial Park (IMIP), the Angel Nickel RKEF Project within the Indonesia Weda Bay Industrial Park (IWIP), and the Hengjaya Mine, a large tonnage, high grade nickel laterite deposit in proximity to the IMIP.
63GF Score
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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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