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Emirates NBD PJSCDFM:EMIRATESNBD -2.67%69 Return-on-Tangible-Equity is 18.45% as of Mar. 2026, which is 7% above its 10-year median of 17.17. GuruFocus rates DFM:EMIRATESNBD with a GF Score™ of 69/100 and a GF Value™ of د.إ24.39 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,526 Banks companies, Emirates NBD PJSC ranks better than 85.98% 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. Emirates NBD PJSC's annualized net income for the quarter that ended in Mar. 2026 was د.إ25,608 Mil. Emirates NBD PJSC's average shareholder tangible equity for the quarter that ended in Mar. 2026 was د.إ138,775 Mil. Therefore, Emirates NBD PJSC's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 18.45%.
The historical rank and industry rank for Emirates NBD PJSC's Return-on-Tangible-Equity or its related term are showing as below:
DFM:EMIRATESNBD'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 9.08 Med: 17.17 Max: 22.43
Current: 18.31
During the past 13 years, Emirates NBD PJSC's highest Return-on-Tangible-Equity was 22.43%. The lowest was 9.08%. And the median was 17.17%.
DFM:EMIRATESNBD's Return-on-Tangible-Equity is ranked better than 85.98% of 1526
companies
in the Banks industry
Industry Median: 11.205
vs DFM:EMIRATESNBD: 18.31
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.
Emirates NBD PJSC Return-on-Tangible-Equity Related Terms
Emirates NBD PJSC Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Emirates NBD PJSC'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 Banks - Regional subindustry, Emirates NBD PJSC'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.
Emirates NBD PJSC Return-on-Tangible-Equity vs Banks Industry
For the Banks industry and Financial Services sector, Emirates NBD PJSC's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Emirates NBD PJSC'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 four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 18.45% mean?
Emirates NBD PJSC (DFM:EMIRATESNBD) has a Return-on-Tangible-Equity of 18.45% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Emirates NBD PJSC and its competitors. This is near median its historical median of 17.17. Over the past decade, Emirates NBD PJSC's Return-on-Tangible-Equity has ranged from 9.08 to 22.43. According to the industry distribution chart, Emirates NBD PJSC ranks #214 out of 1526 companies in the Banks industry, placing it in the top 14%.
Is Emirates NBD PJSC's Return-on-Tangible-Equity too high?
Emirates NBD PJSC's current Return-on-Tangible-Equity of 18.45% is near median its 10-year median of 17.17. Over the past 10 years, this metric has ranged from a low of 9.08 to a high of 22.43. The Banks industry median Return-on-Tangible-Equity is 11.21. Emirates NBD PJSC's value of 18.45% is 64.7% above this industry median. Based on the distribution chart, Emirates NBD PJSC ranks #214 out of 1526 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Emirates NBD PJSC has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Emirates NBD PJSC's Return-on-Tangible-Equity compare to competitors?
According to the Banks industry distribution chart, Emirates NBD PJSC ranks #214 out of 1526 companies for Return-on-Tangible-Equity. This places Emirates NBD PJSC in the top 14% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 11.21. Emirates NBD PJSC's value of 18.45% is 64.7% above this benchmark. Historically, Emirates NBD PJSC's own Return-on-Tangible-Equity has ranged from 9.08 to 22.43 over the past decade. While the company's 10-year median is 17.17 vs. the industry median of 11.21, Emirates NBD PJSC 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 Banks company?
The median Return-on-Tangible-Equity among Banks companies is 11.21, based on 1,526 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. Emirates NBD PJSC's current Return-on-Tangible-Equity of 18.45% is 64.7% 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 Emirates NBD PJSC and its competitors. For the Banks industry, the median Return-on-Tangible-Equity is 11.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emirates NBD PJSC's current Return-on-Tangible-Equity is 18.45%, which is near median its own 10-year median of 17.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emirates NBD PJSC stock overvalued right now?
Based on GuruFocus' analysis, Emirates NBD PJSC (DFM:EMIRATESNBD) is currently considered Modestly Overvalued. The stock's GF Value™ is د.إ24.39, compared to a current price of د.إ29.84 — trading 22.3% above its estimated fair value. The current Return-on-Tangible-Equity is 18.45%, which is near median its 10-year median of 17.17 and 64.7% above the Banks industry median of 11.21. Emirates NBD PJSC's overall GF Score™ is 69/100 with 3 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 Emirates NBD PJSC (DFM:EMIRATESNBD), the current Return-on-Tangible-Equity is 18.45% as of Mar. 2026. 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 Emirates NBD PJSC (DFM:EMIRATESNBD) Overvalued in 2026?
Based on GuruFocus' analysis, Emirates NBD PJSC stock appears to be overvalued.
The current stock price of د.إ29.84 is trading 22.3% above its estimated GF Value™ of د.إ24.39.
GuruFocus considers Emirates NBD PJSC to be Modestly Overvalued.
Key valuation signals for DFM:EMIRATESNBD:
Return-on-Tangible-Equity: 18.45% (near median its 10-year median of 17.17)
GF Value™: د.إ24.39 vs. price of د.إ29.84 (22.3% above fair value)
Industry Position: 64.7% above the Banks median (#214 of 1526)
No single metric tells the full story. See the DFM:EMIRATESNBD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Emirates NBD PJSC provides banking services. The company's operating segment includes Corporate and Institutional Banking; Retail Banking and Wealth Management; Global Markets and Treasury activities; DenizBank and others. It generates maximum revenue from the Retail Banking and Wealth Management segment. The Retail Banking and Wealth Management segment represents retail loans and deposits, private banking and wealth management, equity broking services, asset management, and consumer financing in the UAE and Egypt.
69GF Score
Get the complete analysis for DFM:EMIRATESNBD
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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