Fidelity BankNSA:FBP -2.17%71 Return-on-Tangible-Equity is 25.82% as of Mar. 2026, which is 107% above its 10-year median of 12.50. GuruFocus rates NSA:FBP with a GF Score™ of 71/100 and a GF Value™ of ₦14.20 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,523 Banks companies, Fidelity Bank ranks better than 91.2% 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. Fidelity Bank's annualized net income for the quarter that ended in Mar. 2026 was ₦297,884 Mil. Fidelity Bank's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₦1,153,575 Mil. Therefore, Fidelity Bank's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 25.82%.
The historical rank and industry rank for Fidelity Bank's Return-on-Tangible-Equity or its related term are showing as below:
NSA:FBP'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.31 Med: 12.5 Max: 43.31
Current: 21.16
During the past 13 years, Fidelity Bank's highest Return-on-Tangible-Equity was 43.31%. The lowest was 5.31%. And the median was 12.50%.
NSA:FBP's Return-on-Tangible-Equity is ranked better than 91.2% of 1523
companies
in the Banks industry
Industry Median: 11.2
vs NSA:FBP: 21.16
Fidelity Bank (NSA:FBP) 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.
Fidelity Bank Return-on-Tangible-Equity Related Terms
Fidelity Bank Return-on-Tangible-Equity Historical Data
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The historical data trend for Fidelity Bank'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.
Fidelity Bank Return-on-Tangible-Equity Competitor Comparison
For the Banks - Regional subindustry, Fidelity Bank'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.
Fidelity Bank Return-on-Tangible-Equity vs Banks Industry
For the Banks industry and Financial Services sector, Fidelity Bank's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Fidelity Bank'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 25.82% mean?
Fidelity Bank (NSA:FBP) has a Return-on-Tangible-Equity of 25.82% 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 Fidelity Bank and its competitors. This is 107% above median its historical median of 12.50. Over the past decade, Fidelity Bank's Return-on-Tangible-Equity has ranged from 5.31 to 43.31. According to the industry distribution chart, Fidelity Bank ranks #134 out of 1523 companies in the Banks industry, placing it in the top 8.8%.
Is Fidelity Bank's Return-on-Tangible-Equity too high?
Fidelity Bank's current Return-on-Tangible-Equity of 25.82% is 107% above median its 10-year median of 12.50. Over the past 10 years, this metric has ranged from a low of 5.31 to a high of 43.31. The Banks industry median Return-on-Tangible-Equity is 11.20. Fidelity Bank's value of 25.82% is 130.5% above this industry median. Based on the distribution chart, Fidelity Bank ranks #134 out of 1523 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Fidelity Bank has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fidelity Bank's Return-on-Tangible-Equity compare to competitors?
According to the Banks industry distribution chart, Fidelity Bank ranks #134 out of 1523 companies for Return-on-Tangible-Equity. This places Fidelity Bank in the top 9% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 11.20. Fidelity Bank's value of 25.82% is 130.5% above this benchmark. Historically, Fidelity Bank's own Return-on-Tangible-Equity has ranged from 5.31 to 43.31 over the past decade. While the company's 10-year median is 12.50 vs. the industry median of 11.20, Fidelity Bank 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 11.20, based on 1,523 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. Fidelity Bank's current Return-on-Tangible-Equity of 25.82% is 130.5% 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 Fidelity Bank and its competitors. For the Banks industry, the median Return-on-Tangible-Equity is 11.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fidelity Bank's current Return-on-Tangible-Equity is 25.82%, which is 107% above median its own 10-year median of 12.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fidelity Bank stock overvalued right now?
Based on GuruFocus' analysis, Fidelity Bank (NSA:FBP) is currently considered Modestly Overvalued. The stock's GF Value™ is ₦14.20, compared to a current price of ₦18.00 — trading 26.8% above its estimated fair value. The current Return-on-Tangible-Equity is 25.82%, which is 107% above median its 10-year median of 12.50 and 130.5% above the Banks industry median of 11.20. Fidelity Bank's overall GF Score™ is 71/100 with 4 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 Fidelity Bank (NSA:FBP), the current Return-on-Tangible-Equity is 25.82% 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 Fidelity Bank (NSA:FBP) Overvalued in 2026?
Based on GuruFocus' analysis, Fidelity Bank stock appears to be overvalued.
The current stock price of ₦18.00 is trading 26.8% above its estimated GF Value™ of ₦14.20.
GuruFocus considers Fidelity Bank to be Modestly Overvalued.
Key valuation signals for NSA:FBP:
Return-on-Tangible-Equity: 25.82% (107% above median its 10-year median of 12.50)
GF Value™: ₦14.20 vs. price of ₦18.00 (26.8% above fair value)
Industry Position: 130.5% above the Banks median (#134 of 1523)
No single metric tells the full story. See the NSA:FBP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fidelity Bank PLC offers banking and other financial services to corporate and individual customers. It operates through segments including Retail banking that offers retail, personal and commercial services to individuals, small and medium business customers and E-Business products to serve retail banking; Its Corporate Banking segment offers commercial and corporate banking services to corporate business customers, it covers the Power and Infrastructure, Oil and Gas Upstream and downstream, Real Estate, Agro-Allied, and other industries; and Investment banking segment is involved in the funding and management of the bank's securities, trading, and investment decisions. It generates maximum revenue from the Retail Segment.
71GF Score
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