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Nippon Active Value FundLSE:NAVF +0.43%73 Return-on-Tangible-Equity is 17.88% as of Dec. 2025, which is 18% above its 10-year median of 15.13. GuruFocus rates LSE:NAVF with a GF Score™ of 73/100 and a GF Value™ of £2.50 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,590 Asset Management companies, Nippon Active Value Fund ranks better than 71.13% 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. Nippon Active Value Fund's annualized net income for the quarter that ended in Dec. 2025 was £73.08 Mil. Nippon Active Value Fund's average shareholder tangible equity for the quarter that ended in Dec. 2025 was £408.72 Mil. Therefore, Nippon Active Value Fund's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 17.88%.
The historical rank and industry rank for Nippon Active Value Fund's Return-on-Tangible-Equity or its related term are showing as below:
LSE:NAVF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.24 Med: 15.13 Max: 19.87
Current: 16.25
During the past 6 years, Nippon Active Value Fund's highest Return-on-Tangible-Equity was 19.87%. The lowest was 3.24%. And the median was 15.13%.
LSE:NAVF's Return-on-Tangible-Equity is ranked better than 71.13% of 1590
companies
in the Asset Management industry
Industry Median: 7.475
vs LSE:NAVF: 16.25
Nippon Active Value Fund (LSE:NAVF) 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.
Nippon Active Value Fund Return-on-Tangible-Equity Related Terms
Nippon Active Value Fund Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Nippon Active Value Fund'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.
Nippon Active Value Fund Return-on-Tangible-Equity Chart
LSE:NAVF vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Nippon Active Value Fund'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.
Nippon Active Value Fund Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Nippon Active Value Fund's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nippon Active Value Fund'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 17.88% mean?
Nippon Active Value Fund (LSE:NAVF) has a Return-on-Tangible-Equity of 17.88% 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 Nippon Active Value Fund and its competitors. This is 18% above median its historical median of 15.13. Over the past decade, Nippon Active Value Fund's Return-on-Tangible-Equity has ranged from 3.24 to 19.87. According to the industry distribution chart, Nippon Active Value Fund ranks #459 out of 1590 companies in the Asset Management industry, placing it in the top 28.9%.
Is Nippon Active Value Fund's Return-on-Tangible-Equity too high?
Nippon Active Value Fund's current Return-on-Tangible-Equity of 17.88% is 18% above median its 10-year median of 15.13. Over the past 10 years, this metric has ranged from a low of 3.24 to a high of 19.87. The Asset Management industry median Return-on-Tangible-Equity is 7.48. Nippon Active Value Fund's value of 17.88% is 139.2% above this industry median. Based on the distribution chart, Nippon Active Value Fund ranks #459 out of 1590 companies in the Asset Management industry, which is above the industry midpoint. Overall, Nippon Active Value Fund has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nippon Active Value Fund's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Nippon Active Value Fund ranks #459 out of 1590 companies for Return-on-Tangible-Equity. This puts Nippon Active Value Fund in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.48. Nippon Active Value Fund's value of 17.88% is 139.2% above this benchmark. Historically, Nippon Active Value Fund's own Return-on-Tangible-Equity has ranged from 3.24 to 19.87 over the past decade. While the company's 10-year median is 15.13 vs. the industry median of 7.48, Nippon Active Value Fund 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 an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.48, based on 1,590 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. Nippon Active Value Fund's current Return-on-Tangible-Equity of 17.88% is 139.2% 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 Nippon Active Value Fund and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Active Value Fund's current Return-on-Tangible-Equity is 17.88%, which is 18% above median its own 10-year median of 15.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Active Value Fund stock overvalued right now?
Based on GuruFocus' analysis, Nippon Active Value Fund (LSE:NAVF) is currently considered Fairly Valued. The stock's GF Value™ is £2.50, compared to a current price of £2.36 — trading 5.6% below its estimated fair value. The current Return-on-Tangible-Equity is 17.88%, which is 18% above median its 10-year median of 15.13 and 139.2% above the Asset Management industry median of 7.48. Nippon Active Value Fund's overall GF Score™ is 73/100 with 4 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 Nippon Active Value Fund (LSE:NAVF), the current Return-on-Tangible-Equity is 17.88% 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 Nippon Active Value Fund (LSE:NAVF) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Active Value Fund stock appears to be undervalued.
The current stock price of £2.36 is trading 5.6% below its estimated GF Value™ of £2.50.
GuruFocus considers Nippon Active Value Fund to be Fairly Valued.
Key valuation signals for LSE:NAVF:
Return-on-Tangible-Equity: 17.88% (18% above median its 10-year median of 15.13)
GF Value™: £2.50 vs. price of £2.36 (5.6% below fair value)
Industry Position: 139.2% above the Asset Management median (#459 of 1590)
No single metric tells the full story. See the LSE:NAVF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Active Value Fund PLC is a closed-ended investment company. The investment objective of the company is to provide shareholders with attractive capital growth through the active management of a focused portfolio of quoted companies which have the majority of their operations in, or revenue derived from, Japan.
73GF Score
Get the complete analysis for LSE:NAVF
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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