NGE CapitalNGELF -0.33%55 Return-on-Tangible-Equity is 26.55% as of Dec. 2025, which is 68% above its 10-year median of 15.77. GuruFocus rates NGELF with a GF Score™ of 55/100 and a GF Value™ of $1.33. The stock has 1 warning sign investors should review. Among 1,588 Asset Management companies, NGE Capital ranks better than 81.3% 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. NGE Capital's annualized net income for the quarter that ended in Dec. 2025 was $9.81 Mil. NGE Capital's average shareholder tangible equity for the quarter that ended in Dec. 2025 was $36.96 Mil. Therefore, NGE Capital's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 26.55%.
The historical rank and industry rank for NGE Capital's Return-on-Tangible-Equity or its related term are showing as below:
NGELF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -7.99 Med: 15.77 Max: 25.99
Current: 22.35
During the past 13 years, NGE Capital's highest Return-on-Tangible-Equity was 25.99%. The lowest was -7.99%. And the median was 15.77%.
NGELF's Return-on-Tangible-Equity is ranked better than 81.3% of 1588
companies
in the Asset Management industry
Industry Median: 7.165
vs NGELF: 22.35
NGE Capital (OTCPK:NGELF) 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.
NGE Capital Return-on-Tangible-Equity Related Terms
NGE Capital Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for NGE Capital'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.
NGELF vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, NGE Capital'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.
NGE Capital Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, NGE Capital's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where NGE Capital'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 26.55% mean?
NGE Capital (NGELF) has a Return-on-Tangible-Equity of 26.55% 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 NGE Capital and its competitors. This is 68% above median its historical median of 15.77. According to the industry distribution chart, NGE Capital ranks #297 out of 1588 companies in the Asset Management industry, placing it in the top 18.7%.
Is NGE Capital's Return-on-Tangible-Equity too high?
NGE Capital's current Return-on-Tangible-Equity of 26.55% is 68% above median its 10-year median of 15.77. The Asset Management industry median Return-on-Tangible-Equity is 7.17. NGE Capital's value of 26.55% is 270.6% above this industry median. Based on the distribution chart, NGE Capital ranks #297 out of 1588 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, NGE Capital has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does NGE Capital's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, NGE Capital ranks #297 out of 1588 companies for Return-on-Tangible-Equity. This places NGE Capital in the top 19% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.17. NGE Capital's value of 26.55% is 270.6% above this benchmark. While the company's 10-year median is 15.77 vs. the industry median of 7.17, NGE Capital 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 an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.17, based on 1,588 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. NGE Capital's current Return-on-Tangible-Equity of 26.55% is 270.6% 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 NGE Capital and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NGE Capital's current Return-on-Tangible-Equity is 26.55%, which is 68% above median its own 10-year median of 15.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NGE Capital stock overvalued right now?
NGE Capital (NGELF) has a current Return-on-Tangible-Equity of 26.55%. The stock's GF Value™ is $1.33, compared to a current price of $0.63 — trading 52.7% below its estimated fair value. The current Return-on-Tangible-Equity is 26.55%, which is 68% above median its 10-year median of 15.77 and 270.6% above the Asset Management industry median of 7.17. NGE Capital's overall GF Score™ is 55/100 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 NGE Capital (NGELF), the current Return-on-Tangible-Equity is 26.55% 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 NGE Capital (NGELF) Overvalued in 2026?
Based on GuruFocus' analysis, NGE Capital stock appears to be undervalued.
The current stock price of $0.63 is trading 52.7% below its estimated GF Value™ of $1.33.
Key valuation signals for NGELF:
Return-on-Tangible-Equity: 26.55% (68% above median its 10-year median of 15.77)
GF Value™: $1.33 vs. price of $0.63 (52.7% below fair value)
Industry Position: 270.6% above the Asset Management median (#297 of 1588)
No single metric tells the full story. See the NGELF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NGE Capital Ltd is an internally managed Listed Investment Company whose principal activities are making investments in listed and unlisted securities. The company is engaged solely in investment activities conducted from Australia, deriving revenue from dividend income, interest income, and the sale of investments.
55GF Score
Get the complete analysis for NGELF
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NGELF has been successfully added to your 
