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Northern BearLSE:NTBR +0.44%51 Return-on-Tangible-Equity is 22.77% as of Mar. 2026, which is 31% below its 10-year median of 33.04. GuruFocus rates LSE:NTBR with a GF Score™ of 51/100 and a GF Value™ of £0.92 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,710 Construction companies, Northern Bear ranks better than 88.6% 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. Northern Bear's annualized net income for the quarter that ended in Mar. 2026 was £2.29 Mil. Northern Bear's average shareholder tangible equity for the quarter that ended in Mar. 2026 was £10.05 Mil. Therefore, Northern Bear's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 22.77%.
The historical rank and industry rank for Northern Bear's Return-on-Tangible-Equity or its related term are showing as below:
LSE:NTBR'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -144.48 Med: 33.04 Max: 147.22
Current: 46.1
During the past 13 years, Northern Bear's highest Return-on-Tangible-Equity was 147.22%. The lowest was -144.48%. And the median was 33.04%.
LSE:NTBR's Return-on-Tangible-Equity is ranked better than 88.6% of 1710
companies
in the Construction industry
Industry Median: 8.2
vs LSE:NTBR: 46.10
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.
Northern Bear Return-on-Tangible-Equity Related Terms
Northern Bear Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Northern Bear'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.
LSE:NTBR vs TT, JCI, CARR: Return-on-Tangible-Equity Comparison
For the Building Products & Equipment subindustry, Northern Bear'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.
Northern Bear Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, Northern Bear's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Northern Bear'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 (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 22.77% mean?
Northern Bear (LSE:NTBR) has a Return-on-Tangible-Equity of 22.77% 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 Northern Bear and its competitors. This is 31% below median its historical median of 33.04. According to the industry distribution chart, Northern Bear ranks #195 out of 1710 companies in the Construction industry, placing it in the top 11.4%.
Is Northern Bear's Return-on-Tangible-Equity too high?
Northern Bear's current Return-on-Tangible-Equity of 22.77% is 31% below median its 10-year median of 33.04. The Construction industry median Return-on-Tangible-Equity is 8.20. Northern Bear's value of 22.77% is 177.7% above this industry median. Based on the distribution chart, Northern Bear ranks #195 out of 1710 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Northern Bear has a GF Score™ of 51/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Northern Bear's Return-on-Tangible-Equity compare to TT and JCI?
According to the Construction industry distribution chart, Northern Bear ranks #195 out of 1710 companies for Return-on-Tangible-Equity. This places Northern Bear in the top 11% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.20. Northern Bear's value of 22.77% is 177.7% above this benchmark. While the company's 10-year median is 33.04 vs. the industry median of 8.20, Northern Bear 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 Construction company?
The median Return-on-Tangible-Equity among Construction companies is 8.20, based on 1,710 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. Northern Bear's current Return-on-Tangible-Equity of 22.77% is 177.7% 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 Northern Bear and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northern Bear's current Return-on-Tangible-Equity is 22.77%, which is 31% below median its own 10-year median of 33.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Bear stock overvalued right now?
Based on GuruFocus' analysis, Northern Bear (LSE:NTBR) is currently considered Modestly Overvalued. The stock's GF Value™ is £0.92, compared to a current price of £1.15 — trading 25% above its estimated fair value. The current Return-on-Tangible-Equity is 22.77%, which is 31% below median its 10-year median of 33.04 and 177.7% above the Construction industry median of 8.20. Northern Bear's overall GF Score™ is 51/100 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 Northern Bear (LSE:NTBR), the current Return-on-Tangible-Equity is 22.77% 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 Northern Bear (LSE:NTBR) Overvalued in 2026?
Based on GuruFocus' analysis, Northern Bear stock appears to be overvalued.
The current stock price of £1.15 is trading 25% above its estimated GF Value™ of £0.92.
GuruFocus considers Northern Bear to be Modestly Overvalued.
Key valuation signals for LSE:NTBR:
Return-on-Tangible-Equity: 22.77% (31% below median its 10-year median of 33.04)
GF Value™: £0.92 vs. price of £1.15 (25% above fair value)
Industry Position: 177.7% above the Construction median (#195 of 1710)
No single metric tells the full story. See the LSE:NTBR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Northern Bear PLC is a specialist building service provider serving the support services sector. Its operating segments include Roofing activities - companies providing a comprehensive range of roofing services including slang, felting, refurbishment, and maintenance for domestic, commercial, and public sector properties; Materials handling activities - supply, service, and maintenance of forklift trucks and warehouse equipment on hire and for sale; Specialist building services activities - aggregation of other specialist building services companies providing services including building maintenance, electrical contracting, and sound insulation and Corporate and other activities - the provision of head office activity and consolidation items. It generates revenues mainly from the UK.
51GF Score
Get the complete analysis for LSE:NTBR
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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