Nordson (MEX:NDSN) Return-on-Tangible-Equity: Negative Tangible Equity% (As of Apr. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:NDSN Nordson Corp MEX:NDSN
93 GF Score
Price MXN4,925.00
GF Value MXN4,642.10
! 6 Warning Signs
View Full Analysis

What is Nordson Return-on-Tangible-Equity?

Nordson MEX:NDSN 93 Return-on-Tangible-Equity is Negative Tangible Equity% as of Apr. 2026. GuruFocus rates MEX:NDSN with a GF Score™ of 93/100 and a GF Value™ of MXN4,642.10. The stock has 6 warning signs investors should review. Among 2,970 Industrial Products companies, Nordson ranks better than 99.97% 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. Nordson's annualized net income for the quarter that ended in Apr. 2026 was MXN8,220 Mil. Nordson's average shareholder tangible equity for the quarter that ended in Apr. 2026 was MXN-14,580 Mil. Therefore, Nordson's annualized Return-on-Tangible-Equity for the quarter that ended in Apr. 2026 was Negative Tangible Equity%.

The historical rank and industry rank for Nordson's Return-on-Tangible-Equity or its related term are showing as below:

MEX:NDSN' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 412.3   Med: 412.3   Max: 412.3
Current: Negative Tangible Equity

During the past 13 years, Nordson's highest Return-on-Tangible-Equity was 412.30%. The lowest was 412.30%. And the median was 412.30%.

MEX:NDSN's Return-on-Tangible-Equity is ranked better than
99.97% of 2970 companies
in the Industrial Products industry
Industry Median: 6.725 vs MEX:NDSN: Negative Tangible Equity

Nordson  (MEX:NDSN) 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.


Nordson Return-on-Tangible-Equity Related Terms


Nordson Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Nordson'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.

Nordson Return-on-Tangible-Equity Chart

Nordson Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only Negative Tangible Equity 407.17 Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity

Nordson Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity

MEX:NDSN vs IEX, GNRC, ITT: Return-on-Tangible-Equity Comparison

For the Specialty Industrial Machinery subindustry, Nordson'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.


Nordson Return-on-Tangible-Equity vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nordson's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Nordson's Return-on-Tangible-Equity falls into.


MEX:NDSN
93GF Score
Nordson Corp MEX:NDSN
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nordson Return-on-Tangible-Equity Calculation

Nordson's annualized Return-on-Tangible-Equity for the fiscal year that ended in Oct. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Oct. 2025 )  (A: Oct. 2024 )(A: Oct. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Oct. 2025 )  (A: Oct. 2024 )(A: Oct. 2025 )
=8985.297/( (-21823.669+-17483.804 )/ 2 )
=8985.297/-19653.7365
=Negative Tangible Equity %

Nordson's annualized Return-on-Tangible-Equity for the quarter that ended in Apr. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Apr. 2026 )  (Q: Jan. 2026 )(Q: Apr. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Apr. 2026 )  (Q: Jan. 2026 )(Q: Apr. 2026 )
=8219.676/( (-15468.531+-13691.932)/ 2 )
=8219.676/-14580.2315
=Negative Tangible Equity %

* 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 (Apr. 2026) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

What does a Return-on-Tangible-Equity of Negative Tangible Equity% mean?
Nordson (MEX:NDSN) has a Return-on-Tangible-Equity of Negative Tangible Equity% as of Apr. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Nordson and its competitors. Over the past decade, Nordson's Return-on-Tangible-Equity has ranged from 412.30 to 412.30. According to the industry distribution chart, Nordson ranks #1 out of 2970 companies in the Industrial Products industry, placing it in the top 0%.
Is Nordson's Return-on-Tangible-Equity too high?
Nordson's current Return-on-Tangible-Equity is Negative Tangible Equity%. Over the past 10 years, this metric has ranged from a low of 412.30 to a high of 412.30. Based on the distribution chart, Nordson ranks #1 out of 2970 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Nordson has a GF Score™ of 93/100, reflecting its overall financial health beyond just this single metric.
How does Nordson's Return-on-Tangible-Equity compare to IEX and GNRC?
According to the Industrial Products industry distribution chart, Nordson ranks #1 out of 2970 companies for Return-on-Tangible-Equity. This places Nordson in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.73. Historically, Nordson's own Return-on-Tangible-Equity has ranged from 412.30 to 412.30 over the past decade. 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 Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.73, based on 2,970 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 Nordson and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nordson's current Return-on-Tangible-Equity is Negative Tangible Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nordson stock overvalued right now?
Nordson (MEX:NDSN) has a current Return-on-Tangible-Equity of Negative Tangible Equity%. The stock's GF Value™ is MXN4,642.10, compared to a current price of MXN4,925.00 — trading 6.1% above its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Nordson's overall GF Score™ is 93/100 with 6 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 Nordson (MEX:NDSN), the current Return-on-Tangible-Equity is Negative Tangible Equity% as of Apr. 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 Nordson (MEX:NDSN) Overvalued in 2026?

Based on GuruFocus' analysis, Nordson stock appears to be overvalued. The current stock price of MXN4,925.00 is trading 6.1% above its estimated GF Value™ of MXN4,642.10.

Key valuation signals for MEX:NDSN:

  • Return-on-Tangible-Equity: Negative Tangible Equity%
  • GF Value™: MXN4,642.10 vs. price of MXN4,925.00 (6.1% above fair value)
  • GF Score™: 93/100 with 6 warning signs

No single metric tells the full story. See the MEX:NDSN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nordson Business Description

Other Exchanges NDSN:USAND1:Germany
Address 28601 Clemens Road, Westlake, OH, USA, 44145
Nordson manufactures equipment (including pumps, valves, dispensers, applicators, filters, and pelletizers) used for dispensing adhesives, coatings, sealants, and other materials. The firm serves a diverse range of end markets, including packaging, medical, electronics, and industrial. Nordson's business is organized into three segments: industrial precision solutions, medical and fluid solutions, and advanced technology solutions. The company generated approximately $2.8 billion in revenue in its fiscal 2025.
93GF Score

Get the complete analysis for MEX:NDSN

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN4,925.00
Price
MXN4,642.10
GF Value