Ecobank TransnationalNSA:ETI -9.98%24 Return-on-Tangible-Equity is 19.49% as of Mar. 2026, which is 11% above its 10-year median of 17.52. GuruFocus rates NSA:ETI with a GF Score™ of 24/100 and a GF Value™ of ₦34.52 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,522 Banks companies, Ecobank Transnational ranks better than 94.35% 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. Ecobank Transnational's annualized net income for the quarter that ended in Mar. 2026 was ₦529,356 Mil. Ecobank Transnational's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₦2,715,758 Mil. Therefore, Ecobank Transnational's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 19.49%.
The historical rank and industry rank for Ecobank Transnational's Return-on-Tangible-Equity or its related term are showing as below:
NSA:ETI'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -15.33 Med: 17.52 Max: 31.15
Current: 25.07
During the past 13 years, Ecobank Transnational's highest Return-on-Tangible-Equity was 31.15%. The lowest was -15.33%. And the median was 17.52%.
NSA:ETI's Return-on-Tangible-Equity is ranked better than 94.35% of 1522
companies
in the Banks industry
Industry Median: 11.19
vs NSA:ETI: 25.07
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.
Ecobank Transnational Return-on-Tangible-Equity Related Terms
Ecobank Transnational Return-on-Tangible-Equity Historical Data
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The historical data trend for Ecobank Transnational'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.
For the Banks - Regional subindustry, Ecobank Transnational'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.
Ecobank Transnational Return-on-Tangible-Equity vs Banks Industry
For the Banks industry and Financial Services sector, Ecobank Transnational's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ecobank Transnational'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 19.49% mean?
Ecobank Transnational (NSA:ETI) has a Return-on-Tangible-Equity of 19.49% 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 Ecobank Transnational and its competitors. This is 11% above median its historical median of 17.52. According to the industry distribution chart, Ecobank Transnational ranks #86 out of 1522 companies in the Banks industry, placing it in the top 5.7%.
Is Ecobank Transnational's Return-on-Tangible-Equity too high?
Ecobank Transnational's current Return-on-Tangible-Equity of 19.49% is 11% above median its 10-year median of 17.52. The Banks industry median Return-on-Tangible-Equity is 11.19. Ecobank Transnational's value of 19.49% is 74.2% above this industry median. Based on the distribution chart, Ecobank Transnational ranks #86 out of 1522 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Ecobank Transnational has a GF Score™ of 24/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ecobank Transnational's Return-on-Tangible-Equity compare to competitors?
According to the Banks industry distribution chart, Ecobank Transnational ranks #86 out of 1522 companies for Return-on-Tangible-Equity. This places Ecobank Transnational in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 11.19. Ecobank Transnational's value of 19.49% is 74.2% above this benchmark. While the company's 10-year median is 17.52 vs. the industry median of 11.19, Ecobank Transnational 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 Banks company?
The median Return-on-Tangible-Equity among Banks companies is 11.19, based on 1,522 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. Ecobank Transnational's current Return-on-Tangible-Equity of 19.49% is 74.2% 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 Ecobank Transnational and its competitors. For the Banks industry, the median Return-on-Tangible-Equity is 11.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ecobank Transnational's current Return-on-Tangible-Equity is 19.49%, which is 11% above median its own 10-year median of 17.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ecobank Transnational stock overvalued right now?
Based on GuruFocus' analysis, Ecobank Transnational (NSA:ETI) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦34.52, compared to a current price of ₦85.70 — trading 148.3% above its estimated fair value. The current Return-on-Tangible-Equity is 19.49%, which is 11% above median its 10-year median of 17.52 and 74.2% above the Banks industry median of 11.19. Ecobank Transnational's overall GF Score™ is 24/100 with 6 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 Ecobank Transnational (NSA:ETI), the current Return-on-Tangible-Equity is 19.49% 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 Ecobank Transnational (NSA:ETI) Overvalued in 2026?
Based on GuruFocus' analysis, Ecobank Transnational stock appears to be overvalued.
The current stock price of ₦85.70 is trading 148.3% above its estimated GF Value™ of ₦34.52.
GuruFocus considers Ecobank Transnational to be Significantly Overvalued.
Key valuation signals for NSA:ETI:
Return-on-Tangible-Equity: 19.49% (11% above median its 10-year median of 17.52)
GF Value™: ₦34.52 vs. price of ₦85.70 (148.3% above fair value)
Industry Position: 74.2% above the Banks median (#86 of 1522)
No single metric tells the full story. See the NSA:ETI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ecobank Transnational Inc is a pan-African banking group. Through its subsidiaries, it provides retail, corporate and investment banking services throughout sub Saharan Africa outside South Africa. The company operates in three principal business reporting segments: Consumer Banking (CSB), Commercial Banking (CMB) and Corporate and Investment Banking (CIB). The majority of the revenue is derived from the Corporate and Investment Banking segment, which provides various financial services, including FICC, cash management, trade, loans and liquidity and securities, wealth, and asset management. Geographically, it derives the maximum revenue from Francophone West Africa (UEMOA), and the rest from Nigeria, Anglophone West Africa (AWA), and Central, Eastern and Southern Africa (CESA).
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