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Noval Property Real Estate Investment CoATH:NOVAL -0.79%18 Return-on-Tangible-Equity is 7.83% as of Dec. 2025, which is 22% below its 10-year median of 9.99. GuruFocus rates ATH:NOVAL with a GF Score™ of 18/100. The stock has 2 warning signs investors should review. Among 928 REITs companies, Noval Property Real Estate Investment Co ranks better than 60.34% on this metric.
ATH:NOVAL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.2 Med: 9.99 Max: 16.3
Current: 7.65
During the past 5 years, Noval Property Real Estate Investment Co's highest Return-on-Tangible-Equity was 16.30%. The lowest was 7.20%. And the median was 9.99%.
ATH:NOVAL's Return-on-Tangible-Equity is ranked better than 60.34% of 928
companies
in the REITs industry
Industry Median: 6.265
vs ATH:NOVAL: 7.65
Noval Property Real Estate Investment Co (ATH:NOVAL) 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.
Noval Property Real Estate Investment Co Return-on-Tangible-Equity Related Terms
Noval Property Real Estate Investment 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.
Noval Property Real Estate Investment Co Return-on-Tangible-Equity Chart
Noval Property Real Estate Investment Co Annual Data
Trend
Dec21
Dec22
Dec23
Dec24
Dec25
Return-on-Tangible-Equity
11.19
7.20
16.30
9.99
7.64
Noval Property Real Estate Investment Co Semi-Annual Data
ATH:NOVAL vs VICI, WPC, BNL: Return-on-Tangible-Equity Comparison
For the REIT - Diversified subindustry, Noval Property Real Estate Investment 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.
Noval Property Real Estate Investment Co Return-on-Tangible-Equity vs REITs Industry
* 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 7.83% mean?
Noval Property Real Estate Investment Co (ATH:NOVAL) has a Return-on-Tangible-Equity of 7.83% 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 Noval Property Real Estate Investment Co and its competitors. This is 22% below median its historical median of 9.99. Over the past decade, Noval Property Real Estate Investment Co's Return-on-Tangible-Equity has ranged from 7.20 to 16.30. According to the industry distribution chart, Noval Property Real Estate Investment Co ranks #368 out of 928 companies in the REITs industry, placing it in the top 39.7%.
Is Noval Property Real Estate Investment Co's Return-on-Tangible-Equity too high?
Noval Property Real Estate Investment Co's current Return-on-Tangible-Equity of 7.83% is 22% below median its 10-year median of 9.99. Over the past 10 years, this metric has ranged from a low of 7.20 to a high of 16.30. The REITs industry median Return-on-Tangible-Equity is 6.27. Noval Property Real Estate Investment Co's value of 7.83% is 25% above this industry median. Based on the distribution chart, Noval Property Real Estate Investment Co ranks #368 out of 928 companies in the REITs industry, which is above the industry midpoint. Overall, Noval Property Real Estate Investment Co has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Noval Property Real Estate Investment Co's Return-on-Tangible-Equity compare to VICI and WPC?
According to the REITs industry distribution chart, Noval Property Real Estate Investment Co ranks #368 out of 928 companies for Return-on-Tangible-Equity. This puts Noval Property Real Estate Investment Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.27. Noval Property Real Estate Investment Co's value of 7.83% is 25% above this benchmark. Historically, Noval Property Real Estate Investment Co's own Return-on-Tangible-Equity has ranged from 7.20 to 16.30 over the past decade. While the company's 10-year median is 9.99 vs. the industry median of 6.27, Noval Property Real Estate Investment 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 a REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.27, based on 928 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. Noval Property Real Estate Investment Co's current Return-on-Tangible-Equity of 7.83% is 25% 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 Noval Property Real Estate Investment Co and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Noval Property Real Estate Investment Co's current Return-on-Tangible-Equity is 7.83%, which is 22% below median its own 10-year median of 9.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noval Property Real Estate Investment Co stock overvalued right now?
Noval Property Real Estate Investment Co (ATH:NOVAL) has a current Return-on-Tangible-Equity of 7.83%. The current Return-on-Tangible-Equity is 7.83%, which is 22% below median its 10-year median of 9.99 and 25% above the REITs industry median of 6.27. Noval Property Real Estate Investment Co's overall GF Score™ is 18/100 with 2 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 Noval Property Real Estate Investment Co (ATH:NOVAL), the current Return-on-Tangible-Equity is 7.83% 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.
Noval Property Real Estate Investment Co Business Description
Noval Property Real Estate Investment Co is a well-diversified Real Estate Investment Company (REIC) engaged in sourcing, evaluating, and acquiring attractive investment opportunities mainly in the Greek real estate market. The company's investment portfolio includes various real estate properties comprising office buildings, commercial spaces, retail stores, hospitality properties, logistics, industrial buildings, and warehouses, as well as land and buildings for future development. Its operating segments are Retail, which derives maximum revenue, Offices, Industrial properties, Hospitality, and Other. Geographically, the company derives a majority of its revenue from Greece in the form of rental income, and the rest from Bulgaria.
18GF Score
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