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. National CineMedia's annualized net income for the quarter that ended in Mar. 2026 was €-99.0 Mil. National CineMedia's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €47.3 Mil. Therefore, National CineMedia's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -209.41%.
The historical rank and industry rank for National CineMedia's Return-on-Tangible-Equity or its related term are showing as below:
FRA:XWM0'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -44.33 Med: -30.55 Max: -16.76
Current: -20.6
During the past 13 years, National CineMedia's highest Return-on-Tangible-Equity was -16.76%. The lowest was -44.33%. And the median was -30.55%.
FRA:XWM0's Return-on-Tangible-Equity is ranked worse than 83.04% of 861
companies
in the Media - Diversified industry
Industry Median: 5.42
vs FRA:XWM0: -20.60
National CineMedia (FRA:XWM0) 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.
National CineMedia Return-on-Tangible-Equity Related Terms
National CineMedia Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for National CineMedia'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.
National CineMedia Return-on-Tangible-Equity Chart
FRA:XWM0 vs NEXN, TC, TSQ: Return-on-Tangible-Equity Comparison
For the Advertising Agencies subindustry, National CineMedia'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.
National CineMedia Return-on-Tangible-Equity vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, National CineMedia's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where National CineMedia'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 -209.41% mean?
National CineMedia (FRA:XWM0) has a Return-on-Tangible-Equity of -209.41% 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 National CineMedia and its competitors. According to the industry distribution chart, National CineMedia ranks #715 out of 861 companies in the Media - Diversified industry, placing it in the top 83%.
Is National CineMedia's Return-on-Tangible-Equity too high?
National CineMedia's current Return-on-Tangible-Equity is -209.41%. Based on the distribution chart, National CineMedia ranks #715 out of 861 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, National CineMedia has a GF Score™ of 60/100, reflecting its overall financial health beyond just this single metric.
How does National CineMedia's Return-on-Tangible-Equity compare to NEXN and TC?
According to the Media - Diversified industry distribution chart, National CineMedia ranks #715 out of 861 companies for Return-on-Tangible-Equity. This places National CineMedia in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.42. 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 Media - Diversified company?
The median Return-on-Tangible-Equity among Media - Diversified companies is 5.42, based on 861 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. 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 National CineMedia and its competitors. For the Media - Diversified industry, the median Return-on-Tangible-Equity is 5.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National CineMedia's current Return-on-Tangible-Equity is -209.41%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National CineMedia stock overvalued right now?
National CineMedia (FRA:XWM0) has a current Return-on-Tangible-Equity of -209.41%. The stock's GF Value™ is €3.87, compared to a current price of €3.32 — trading 14.2% below its estimated fair value. The current Return-on-Tangible-Equity is -209.41%. National CineMedia's overall GF Score™ is 60/100 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 National CineMedia (FRA:XWM0), the current Return-on-Tangible-Equity is -209.41% 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 National CineMedia (FRA:XWM0) Overvalued in 2026?
Based on GuruFocus' analysis, National CineMedia stock appears to be undervalued.
The current stock price of €3.32 is trading 14.2% below its estimated GF Value™ of €3.87.
Key valuation signals for FRA:XWM0:
Return-on-Tangible-Equity: -209.41%
GF Value™: €3.87 vs. price of €3.32 (14.2% below fair value)
No single metric tells the full story. See the FRA:XWM0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National CineMedia Inc is a cinema advertising platform in the U.S. It derives revenue from the sale of advertising to national, regional and local businesses through The Noovie Show and the CineLife Show, the cinema advertising and entertainment show seen on movie screens across the U.S., on LEN, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theater lobbies.
60GF Score
Get the complete analysis for FRA:XWM0
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
FRA:XWM0 has been successfully added to your 
