Nickel AsiaNCKAF 91 Return-on-Tangible-Equity is 3.83% as of Mar. 2026, which is 63% below its 10-year median of 10.31. GuruFocus rates NCKAF with a GF Score™ of 91/100 and a GF Value™ of $0.06 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,375 Metals & Mining companies, Nickel Asia ranks better than 86.23% 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. Nickel Asia's annualized net income for the quarter that ended in Mar. 2026 was $24.2 Mil. Nickel Asia's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $632.0 Mil. Therefore, Nickel Asia's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 3.83%.
The historical rank and industry rank for Nickel Asia's Return-on-Tangible-Equity or its related term are showing as below:
NCKAF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.19 Med: 10.31 Max: 24.46
Current: 16.29
During the past 13 years, Nickel Asia's highest Return-on-Tangible-Equity was 24.46%. The lowest was 4.19%. And the median was 10.31%.
NCKAF's Return-on-Tangible-Equity is ranked better than 86.23% of 2375
companies
in the Metals & Mining industry
Industry Median: -16.5
vs NCKAF: 16.29
Nickel Asia (OTCPK:NCKAF) 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.
Nickel Asia Return-on-Tangible-Equity Related Terms
Nickel Asia Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Nickel Asia'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.
Nickel Asia Return-on-Tangible-Equity Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Nickel Asia'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.
Nickel Asia Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Nickel Asia's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nickel Asia'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 four times the quarterly (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 3.83% mean?
Nickel Asia (NCKAF) has a Return-on-Tangible-Equity of 3.83% 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 Nickel Asia and its competitors. This is 63% below median its historical median of 10.31. Over the past decade, Nickel Asia's Return-on-Tangible-Equity has ranged from 4.19 to 24.46. According to the industry distribution chart, Nickel Asia ranks #327 out of 2375 companies in the Metals & Mining industry, placing it in the top 13.8%.
Is Nickel Asia's Return-on-Tangible-Equity too high?
Nickel Asia's current Return-on-Tangible-Equity of 3.83% is 63% below median its 10-year median of 10.31. Over the past 10 years, this metric has ranged from a low of 4.19 to a high of 24.46. Based on the distribution chart, Nickel Asia ranks #327 out of 2375 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Nickel Asia has a GF Score™ of 91/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nickel Asia's Return-on-Tangible-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, Nickel Asia ranks #327 out of 2375 companies for Return-on-Tangible-Equity. This places Nickel Asia in the top 14% of its industry — outperforming the majority of peers. Historically, Nickel Asia's own Return-on-Tangible-Equity has ranged from 4.19 to 24.46 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 a Metals & Mining company?
A good Return-on-Tangible-Equity depends on the Metals & Mining industry context. 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 Nickel Asia and its competitors. Nickel Asia's current Return-on-Tangible-Equity is 3.83%, which is 63% below median its own 10-year median of 10.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nickel Asia stock overvalued right now?
Based on GuruFocus' analysis, Nickel Asia (NCKAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.06, compared to a current price of $0.10 — trading 66.7% above its estimated fair value. The current Return-on-Tangible-Equity is 3.83%, which is 63% below median its 10-year median of 10.31. Nickel Asia's overall GF Score™ is 91/100 with 3 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 Nickel Asia (NCKAF), the current Return-on-Tangible-Equity is 3.83% 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 Nickel Asia (NCKAF) Overvalued in 2026?
Based on GuruFocus' analysis, Nickel Asia stock appears to be overvalued.
The current stock price of $0.10 is trading 66.7% above its estimated GF Value™ of $0.06.
GuruFocus considers Nickel Asia to be Significantly Overvalued.
Key valuation signals for NCKAF:
Return-on-Tangible-Equity: 3.83% (63% below median its 10-year median of 10.31)
GF Value™: $0.06 vs. price of $0.10 (66.7% above fair value)
No single metric tells the full story. See the NCKAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nickel Asia Corp is a diversified natural resources development company is principally engaged in the business of producing beneficiated nickel ore, limestone, and quarry materials, rendering of services, and generating revenue from sale of power. The company has three operating segments which is The mining segment which accounts for a majority of the company's revenue includes the mining and exploration of nickel saprolite and limonite ore, limestone, and quarry materials, the services segment includes chartering out of LCT, construction and rendering of services to CBNC, THNC, and other parties and leasing of aircraft to WAISC, and the power segment is into power generation and exploration for geothermal resources.
91GF Score
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