Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Navios Maritime Partners LPNMM -1.40%74 Return-on-Tangible-Equity is Negative Tangible Equity% as of Jun. 2026. GuruFocus rates NMM with a GF Score™ of 74/100 and a GF Value™ of $53.64 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 977 Transportation companies, Navios Maritime Partners LP ranks better than 75.74% 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. Navios Maritime Partners LP's annualized net income for the quarter that ended in Jun. 2026 was $672 Mil. Navios Maritime Partners LP's average shareholder tangible equity for the quarter that ended in Jun. 2026 was $-2 Mil. Therefore, Navios Maritime Partners LP's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was Negative Tangible Equity%.
The historical rank and industry rank for Navios Maritime Partners LP's Return-on-Tangible-Equity or its related term are showing as below:
NMM'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -9.95 Med: 5.51 Max: 44.46
Current: 35.12
During the past 13 years, Navios Maritime Partners LP's highest Return-on-Tangible-Equity was 44.46%. The lowest was -9.95%. And the median was 5.51%.
NMM's Return-on-Tangible-Equity is ranked better than 75.74% of 977
companies
in the Transportation industry
Industry Median: 9.22
vs NMM: 35.12
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.
Navios Maritime Partners LP Return-on-Tangible-Equity Related Terms
Navios Maritime Partners LP Return-on-Tangible-Equity Historical Data
* 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.
NMM vs DAC, CMRE, SFL: Return-on-Tangible-Equity Comparison
For the Marine Shipping subindustry, Navios Maritime Partners LP'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.
Navios Maritime Partners LP Return-on-Tangible-Equity vs Transportation Industry
For the Transportation industry and Industrials sector, Navios Maritime Partners LP's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Navios Maritime Partners LP'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 (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of Negative Tangible Equity% mean?
Navios Maritime Partners LP (NMM) has a Return-on-Tangible-Equity of Negative Tangible Equity% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Navios Maritime Partners LP and its competitors. According to the industry distribution chart, Navios Maritime Partners LP ranks #237 out of 977 companies in the Transportation industry, placing it in the top 24.3%.
Is Navios Maritime Partners LP's Return-on-Tangible-Equity too high?
Navios Maritime Partners LP's current Return-on-Tangible-Equity is Negative Tangible Equity%. Based on the distribution chart, Navios Maritime Partners LP ranks #237 out of 977 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Navios Maritime Partners LP has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Navios Maritime Partners LP's Return-on-Tangible-Equity compare to DAC and CMRE?
According to the Transportation industry distribution chart, Navios Maritime Partners LP ranks #237 out of 977 companies for Return-on-Tangible-Equity. This places Navios Maritime Partners LP in the top 24% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 9.22. 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 Transportation company?
The median Return-on-Tangible-Equity among Transportation companies is 9.22, based on 977 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. 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 Navios Maritime Partners LP and its competitors. For the Transportation industry, the median Return-on-Tangible-Equity is 9.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Navios Maritime Partners LP's current Return-on-Tangible-Equity is Negative Tangible Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Navios Maritime Partners LP stock overvalued right now?
Based on GuruFocus' analysis, Navios Maritime Partners LP (NMM) is currently considered Significantly Overvalued. The stock's GF Value™ is $53.64, compared to a current price of $87.16 — trading 62.5% above its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Navios Maritime Partners LP's overall GF Score™ is 74/100 with 8 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 Navios Maritime Partners LP (NMM), the current Return-on-Tangible-Equity is Negative Tangible Equity% as of Jun. 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 Navios Maritime Partners LP (NMM) Overvalued in 2026?
Based on GuruFocus' analysis, Navios Maritime Partners LP stock appears to be overvalued.
The current stock price of $87.16 is trading 62.5% above its estimated GF Value™ of $53.64.
GuruFocus considers Navios Maritime Partners LP to be Significantly Overvalued.
No single metric tells the full story. See the NMM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Navios Maritime Partners LP is an international owner and operator of dry cargo and tanker vessels. Its vessels are generally chartered-out under short-term, medium-term and long-term time charters with an average remaining charter duration of approximately 2.1 years to a group of counterparties. Its fleet consisted of dry bulk vessels, containerships and tanker vessels, including two newbuilding capesize vessels, newbuilding containerships and newbuilding tankers. It operates in single segment.
74GF Score
Get the complete analysis for NMM
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
NMM has been successfully added to your 
