NLI HoldingsNL +5.72%60 Return-on-Tangible-Equity is 5.24% as of Mar. 2026, which is 46% below its 10-year median of 9.74. GuruFocus rates NL with a GF Score™ of 60/100 and a GF Value™ of $6.39 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,009 Business Services companies, NLI Holdings ranks worse than 86.03% 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. NLI Holdings's annualized net income for the quarter that ended in Mar. 2026 was $17.4 Mil. NLI Holdings's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $331.9 Mil. Therefore, NLI Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 5.24%.
The historical rank and industry rank for NLI Holdings's Return-on-Tangible-Equity or its related term are showing as below:
NL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -14.52 Med: 9.74 Max: 50.6
Current: -9.74
During the past 13 years, NLI Holdings's highest Return-on-Tangible-Equity was 50.60%. The lowest was -14.52%. And the median was 9.74%.
NL's Return-on-Tangible-Equity is ranked worse than 86.03% of 1009
companies
in the Business Services industry
Industry Median: 10.56
vs NL: -9.74
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.
NLI Holdings Return-on-Tangible-Equity Related Terms
NLI Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for NLI Holdings'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.
NL vs CIX, BAER, YOOV: Return-on-Tangible-Equity Comparison
For the Security & Protection Services subindustry, NLI Holdings'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.
NLI Holdings Return-on-Tangible-Equity vs Business Services Industry
For the Business Services industry and Industrials sector, NLI Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where NLI Holdings'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 5.24% mean?
NLI Holdings (NL) has a Return-on-Tangible-Equity of 5.24% 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 NLI Holdings and its competitors. This is 46% below median its historical median of 9.74. According to the industry distribution chart, NLI Holdings ranks #868 out of 1009 companies in the Business Services industry, placing it in the top 86%.
Is NLI Holdings' Return-on-Tangible-Equity too high?
NLI Holdings' current Return-on-Tangible-Equity of 5.24% is 46% below median its 10-year median of 9.74. The Business Services industry median Return-on-Tangible-Equity is 10.56. NLI Holdings' value of 5.24% is 50.4% below this industry median. Based on the distribution chart, NLI Holdings ranks #868 out of 1009 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, NLI Holdings has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NLI Holdings' Return-on-Tangible-Equity compare to CIX and BAER?
According to the Business Services industry distribution chart, NLI Holdings ranks #868 out of 1009 companies for Return-on-Tangible-Equity. This places NLI Holdings in the lower half of its industry. The industry median Return-on-Tangible-Equity is 10.56. NLI Holdings' value of 5.24% is 50.4% below this benchmark. While the company's 10-year median is 9.74 vs. the industry median of 10.56, NLI Holdings has consistently been below 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 Business Services company?
The median Return-on-Tangible-Equity among Business Services companies is 10.56, based on 1,009 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. NLI Holdings's current Return-on-Tangible-Equity of 5.24% is 50.4% below 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 NLI Holdings and its competitors. For the Business Services industry, the median Return-on-Tangible-Equity is 10.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NLI Holdings's current Return-on-Tangible-Equity is 5.24%, which is 46% below median its own 10-year median of 9.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NLI Holdings stock overvalued right now?
Based on GuruFocus' analysis, NLI Holdings (NL) is currently considered Fairly Valued. The stock's GF Value™ is $6.39, compared to a current price of $6.28 — trading 1.7% below its estimated fair value. The current Return-on-Tangible-Equity is 5.24%, which is 46% below median its 10-year median of 9.74 and 50.4% below the Business Services industry median of 10.56. NLI Holdings' overall GF Score™ is 60/100 with 2 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 NLI Holdings (NL), the current Return-on-Tangible-Equity is 5.24% 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 NLI Holdings (NL) Overvalued in 2026?
Based on GuruFocus' analysis, NLI Holdings stock appears to be undervalued.
The current stock price of $6.28 is trading 1.7% below its estimated GF Value™ of $6.39.
GuruFocus considers NLI Holdings to be Fairly Valued.
Key valuation signals for NL:
Return-on-Tangible-Equity: 5.24% (46% below median its 10-year median of 9.74)
GF Value™: $6.39 vs. price of $6.28 (1.7% below fair value)
Industry Position: 50.4% below the Business Services median (#868 of 1009)
No single metric tells the full story. See the NL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NLI Holdings Inc, formerly known as NL Industries Inc, is a holding company that operates in the component products industry. Through its subsidiary, it manufactures engineered components that are sold to a range of industries, including recreational transportation, postal, office and institutional furniture, cabinetry, tool storage, healthcare, gas stations and vending equipment. It also produces a precision ball bearing slide, security products, and ergonomic computer support systems. The company derives majority of its revenue from Europe.
60GF Score
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