NaspersNAPRF -1.44%79 Return-on-Tangible-Equity is 23.31% as of Sep. 2025, which is 17% below its 10-year median of 28.25. GuruFocus rates NAPRF with a GF Score™ of 79/100 and a GF Value™ of $90.78 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,058 Retail - Cyclical companies, Naspers ranks better than 79.96% 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. Naspers's annualized net income for the quarter that ended in Sep. 2025 was $4,768 Mil. Naspers's average shareholder tangible equity for the quarter that ended in Sep. 2025 was $20,459 Mil. Therefore, Naspers's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2025 was 23.31%.
The historical rank and industry rank for Naspers's Return-on-Tangible-Equity or its related term are showing as below:
NAPRF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 15.41 Med: 28.25 Max: 71.14
Current: 28.67
During the past 13 years, Naspers's highest Return-on-Tangible-Equity was 71.14%. The lowest was 15.41%. And the median was 28.25%.
NAPRF's Return-on-Tangible-Equity is ranked better than 79.96% of 1058
companies
in the Retail - Cyclical industry
Industry Median: 8.4
vs NAPRF: 28.67
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.
Naspers Return-on-Tangible-Equity Related Terms
Naspers Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Naspers'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.
NAPRF vs AMZN, BABA, PDD: Return-on-Tangible-Equity Comparison
For the Internet Retail subindustry, Naspers'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.
Naspers Return-on-Tangible-Equity vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Naspers's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Naspers'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 (Sep. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 23.31% mean?
Naspers (NAPRF) has a Return-on-Tangible-Equity of 23.31% as of Sep. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Naspers and its competitors. This is 17% below median its historical median of 28.25. Over the past decade, Naspers' Return-on-Tangible-Equity has ranged from 15.41 to 71.14. According to the industry distribution chart, Naspers ranks #212 out of 1058 companies in the Retail - Cyclical industry, placing it in the top 20%.
Is Naspers' Return-on-Tangible-Equity too high?
Naspers' current Return-on-Tangible-Equity of 23.31% is 17% below median its 10-year median of 28.25. Over the past 10 years, this metric has ranged from a low of 15.41 to a high of 71.14. The Retail - Cyclical industry median Return-on-Tangible-Equity is 8.40. Naspers' value of 23.31% is 177.5% above this industry median. Based on the distribution chart, Naspers ranks #212 out of 1058 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Naspers has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Naspers' Return-on-Tangible-Equity compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Naspers ranks #212 out of 1058 companies for Return-on-Tangible-Equity. This places Naspers in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.40. Naspers' value of 23.31% is 177.5% above this benchmark. Historically, Naspers' own Return-on-Tangible-Equity has ranged from 15.41 to 71.14 over the past decade. While the company's 10-year median is 28.25 vs. the industry median of 8.40, Naspers 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 Retail - Cyclical company?
The median Return-on-Tangible-Equity among Retail - Cyclical companies is 8.40, based on 1,058 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. Naspers's current Return-on-Tangible-Equity of 23.31% is 177.5% 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 Naspers and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Equity is 8.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Naspers's current Return-on-Tangible-Equity is 23.31%, which is 17% below median its own 10-year median of 28.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Naspers stock overvalued right now?
Based on GuruFocus' analysis, Naspers (NAPRF) is currently considered Significantly Undervalued. The stock's GF Value™ is $90.78, compared to a current price of $52.01 — trading 42.7% below its estimated fair value. The current Return-on-Tangible-Equity is 23.31%, which is 17% below median its 10-year median of 28.25 and 177.5% above the Retail - Cyclical industry median of 8.40. Naspers' overall GF Score™ is 79/100 with 5 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 Naspers (NAPRF), the current Return-on-Tangible-Equity is 23.31% as of Sep. 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 Naspers (NAPRF) Overvalued in 2026?
Based on GuruFocus' analysis, Naspers stock appears to be undervalued.
The current stock price of $52.01 is trading 42.7% below its estimated GF Value™ of $90.78.
GuruFocus considers Naspers to be Significantly Undervalued.
Key valuation signals for NAPRF:
Return-on-Tangible-Equity: 23.31% (17% below median its 10-year median of 28.25)
GF Value™: $90.78 vs. price of $52.01 (42.7% below fair value)
Industry Position: 177.5% above the Retail - Cyclical median (#212 of 1058)
No single metric tells the full story. See the NAPRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Naspers Ltd is an Internet and entertainment group and technology investor in the world. Operating in more than 120 countries and markets with long-term growth potential, Naspers builds companies that empower people and enrich communities. It runs some of the platforms in the internet, video entertainment, and media. Naspers operates in various sectors including online classifieds, food delivery, payments, travel, education, health, and social and internet platforms. People use products and services of companies that Naspers has invested in, acquired, or built, including Azos, PharmEasy, ElasticRun, Alwans, and Vegrow among others. Geographically, the company derives maximum revenue from Europe and the rest from Asia, Africa, Latin America, North America, and other regions.
79GF Score
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