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Newpark REITJSE:NRL 68 Return-on-Tangible-Equity is 21.63% as of Feb. 2026, which is 217% above its 10-year median of 6.82. GuruFocus rates JSE:NRL with a GF Score™ of 68/100 and a GF Value™ of R4.72 (Fairly Valued). The stock has 8 warning signs investors should review. Among 928 REITs companies, Newpark REIT ranks better than 86.31% 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. Newpark REIT's annualized net income for the quarter that ended in Feb. 2026 was R131.1 Mil. Newpark REIT's average shareholder tangible equity for the quarter that ended in Feb. 2026 was R606.0 Mil. Therefore, Newpark REIT's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2026 was 21.63%.
The historical rank and industry rank for Newpark REIT's Return-on-Tangible-Equity or its related term are showing as below:
JSE:NRL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -28.08 Med: 6.82 Max: 14.5
Current: 14.37
During the past 12 years, Newpark REIT's highest Return-on-Tangible-Equity was 14.50%. The lowest was -28.08%. And the median was 6.82%.
JSE:NRL's Return-on-Tangible-Equity is ranked better than 86.31% of 928
companies
in the REITs industry
Industry Median: 6.265
vs JSE:NRL: 14.37
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.
Newpark REIT Return-on-Tangible-Equity Related Terms
Newpark REIT Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Newpark REIT'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.
JSE:NRL vs VICI, WPC, BNL: Return-on-Tangible-Equity Comparison
For the REIT - Diversified subindustry, Newpark REIT'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.
Newpark REIT Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Newpark REIT's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Newpark REIT'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 (Feb. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 21.63% mean?
Newpark REIT (JSE:NRL) has a Return-on-Tangible-Equity of 21.63% as of Feb. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Newpark REIT and its competitors. This is 217% above median its historical median of 6.82. According to the industry distribution chart, Newpark REIT ranks #127 out of 928 companies in the REITs industry, placing it in the top 13.7%.
Is Newpark REIT's Return-on-Tangible-Equity too high?
Newpark REIT's current Return-on-Tangible-Equity of 21.63% is 217% above median its 10-year median of 6.82. The REITs industry median Return-on-Tangible-Equity is 6.27. Newpark REIT's value of 21.63% is 245.3% above this industry median. Based on the distribution chart, Newpark REIT ranks #127 out of 928 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Newpark REIT has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Newpark REIT's Return-on-Tangible-Equity compare to VICI and WPC?
According to the REITs industry distribution chart, Newpark REIT ranks #127 out of 928 companies for Return-on-Tangible-Equity. This places Newpark REIT in the top 14% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.27. Newpark REIT's value of 21.63% is 245.3% above this benchmark. While the company's 10-year median is 6.82 vs. the industry median of 6.27, Newpark REIT 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. Newpark REIT's current Return-on-Tangible-Equity of 21.63% is 245.3% 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 Newpark REIT 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. Newpark REIT's current Return-on-Tangible-Equity is 21.63%, which is 217% above median its own 10-year median of 6.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Newpark REIT stock overvalued right now?
Based on GuruFocus' analysis, Newpark REIT (JSE:NRL) is currently considered Fairly Valued. The stock's GF Value™ is R4.72, compared to a current price of R4.70 — trading 0.4% below its estimated fair value. The current Return-on-Tangible-Equity is 21.63%, which is 217% above median its 10-year median of 6.82 and 245.3% above the REITs industry median of 6.27. Newpark REIT's overall GF Score™ is 68/100 with 8 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 Newpark REIT (JSE:NRL), the current Return-on-Tangible-Equity is 21.63% as of Feb. 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 Newpark REIT (JSE:NRL) Overvalued in 2026?
Based on GuruFocus' analysis, Newpark REIT stock appears to be undervalued.
The current stock price of R4.70 is trading 0.4% below its estimated GF Value™ of R4.72.
GuruFocus considers Newpark REIT to be Fairly Valued.
Key valuation signals for JSE:NRL:
Return-on-Tangible-Equity: 21.63% (217% above median its 10-year median of 6.82)
GF Value™: R4.72 vs. price of R4.70 (0.4% below fair value)
Industry Position: 245.3% above the REITs median (#127 of 928)
No single metric tells the full story. See the JSE:NRL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Newpark REIT Ltd is a real estate investment trust company in South Africa. The company focuses on investing in A-grade commercial properties. Its property portfolio comprises the JSE building, the 24 Central, and industrial buildings in Linbro Business Park and Crown City. The Company is organized into four main operating segments, which include Mixed use (office, retail, and storage), Head office, Office, and Industrial. It generates the majority of the revenue from the Office segment.
68GF Score
Get the complete analysis for JSE:NRL
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