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National Bank Of MalawiMSW:NBM -1.22%100 Return-on-Tangible-Equity is 65.58% as of Dec. 2025, which is 112% above its 10-year median of 30.95. GuruFocus rates MSW:NBM with a GF Score™ of 100/100 and a GF Value™ of MWK7,763.85 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,525 Banks companies, National Bank Of Malawi ranks better than 98.69% 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. National Bank Of Malawi's annualized net income for the quarter that ended in Dec. 2025 was MWK224,390 Mil. National Bank Of Malawi's average shareholder tangible equity for the quarter that ended in Dec. 2025 was MWK342,159 Mil. Therefore, National Bank Of Malawi's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 65.58%.
The historical rank and industry rank for National Bank Of Malawi's Return-on-Tangible-Equity or its related term are showing as below:
MSW:NBM'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 21.06 Med: 30.95 Max: 62.79
Current: 62.79
During the past 11 years, National Bank Of Malawi's highest Return-on-Tangible-Equity was 62.79%. The lowest was 21.06%. And the median was 30.95%.
MSW:NBM's Return-on-Tangible-Equity is ranked better than 98.69% of 1525
companies
in the Banks industry
Industry Median: 11.25
vs MSW:NBM: 62.79
National Bank Of Malawi (MSW:NBM) 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 Bank Of Malawi Return-on-Tangible-Equity Related Terms
National Bank Of Malawi Return-on-Tangible-Equity Historical Data
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The historical data trend for National Bank Of Malawi'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 Bank Of Malawi Return-on-Tangible-Equity Chart
MSW:NBM vs PNC, USB: Return-on-Tangible-Equity Comparison
For the Banks - Regional subindustry, National Bank Of Malawi'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 Bank Of Malawi Return-on-Tangible-Equity vs Banks Industry
For the Banks industry and Financial Services sector, National Bank Of Malawi's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where National Bank Of Malawi'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 65.58% mean?
National Bank Of Malawi (MSW:NBM) has a Return-on-Tangible-Equity of 65.58% 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 National Bank Of Malawi and its competitors. This is 112% above median its historical median of 30.95. Over the past decade, National Bank Of Malawi's Return-on-Tangible-Equity has ranged from 21.06 to 62.79. According to the industry distribution chart, National Bank Of Malawi ranks #20 out of 1525 companies in the Banks industry, placing it in the top 1.3%.
Is National Bank Of Malawi's Return-on-Tangible-Equity too high?
National Bank Of Malawi's current Return-on-Tangible-Equity of 65.58% is 112% above median its 10-year median of 30.95. Over the past 10 years, this metric has ranged from a low of 21.06 to a high of 62.79. The Banks industry median Return-on-Tangible-Equity is 11.25. National Bank Of Malawi's value of 65.58% is 482.9% above this industry median. Based on the distribution chart, National Bank Of Malawi ranks #20 out of 1525 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, National Bank Of Malawi has a GF Score™ of 100/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Bank Of Malawi's Return-on-Tangible-Equity compare to PNC and USB?
According to the Banks industry distribution chart, National Bank Of Malawi ranks #20 out of 1525 companies for Return-on-Tangible-Equity. This places National Bank Of Malawi in the top 1% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 11.25. National Bank Of Malawi's value of 65.58% is 482.9% above this benchmark. Historically, National Bank Of Malawi's own Return-on-Tangible-Equity has ranged from 21.06 to 62.79 over the past decade. While the company's 10-year median is 30.95 vs. the industry median of 11.25, National Bank Of Malawi 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 Banks company?
The median Return-on-Tangible-Equity among Banks companies is 11.25, based on 1,525 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. National Bank Of Malawi's current Return-on-Tangible-Equity of 65.58% is 482.9% 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 National Bank Of Malawi and its competitors. For the Banks industry, the median Return-on-Tangible-Equity is 11.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Bank Of Malawi's current Return-on-Tangible-Equity is 65.58%, which is 112% above median its own 10-year median of 30.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Bank Of Malawi stock overvalued right now?
Based on GuruFocus' analysis, National Bank Of Malawi (MSW:NBM) is currently considered Modestly Overvalued. The stock's GF Value™ is MWK7,763.85, compared to a current price of MWK9,649.99 — trading 24.3% above its estimated fair value. The current Return-on-Tangible-Equity is 65.58%, which is 112% above median its 10-year median of 30.95 and 482.9% above the Banks industry median of 11.25. National Bank Of Malawi's overall GF Score™ is 100/100 with 1 warning sign 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 Bank Of Malawi (MSW:NBM), the current Return-on-Tangible-Equity is 65.58% 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 National Bank Of Malawi (MSW:NBM) Overvalued in 2026?
Based on GuruFocus' analysis, National Bank Of Malawi stock appears to be overvalued.
The current stock price of MWK9,649.99 is trading 24.3% above its estimated GF Value™ of MWK7,763.85.
GuruFocus considers National Bank Of Malawi to be Modestly Overvalued.
Key valuation signals for MSW:NBM:
Return-on-Tangible-Equity: 65.58% (112% above median its 10-year median of 30.95)
GF Value™: MWK7,763.85 vs. price of MWK9,649.99 (24.3% above fair value)
Industry Position: 482.9% above the Banks median (#20 of 1525)
No single metric tells the full story. See the MSW:NBM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Bank Of Malawi PLC provides personal, corporate, and investment banking as well as stockbroking, insurance, and pension administration services in Malawi. Its business operations are divided into three segments including Retail and corporate banking that incorporates savings, deposits, investment savings products, consumer loans, current accounts, overdrafts, loans, and other credit facilities, trade finance, and corporate leasing; Treasury segment offers financial instruments trading, dealings in foreign currency, stock broking and derivative products; and Other operations comprising fund management, custodial services and providing training services. Revenue from Retail and corporate banking is one of the majority sources of income for the Bank.
100GF Score
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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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