FCMB GroupNSA:FCMB -3.52%55 Return-on-Tangible-Equity is 32.28% as of Mar. 2026, which is 229% above its 10-year median of 9.81. GuruFocus rates NSA:FCMB with a GF Score™ of 55/100 and a GF Value™ of ₦7.30 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,525 Banks companies, FCMB Group ranks better than 95.28% 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. FCMB Group's annualized net income for the quarter that ended in Mar. 2026 was ₦305,420 Mil. FCMB Group's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₦946,295 Mil. Therefore, FCMB Group's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 32.28%.
The historical rank and industry rank for FCMB Group's Return-on-Tangible-Equity or its related term are showing as below:
NSA:FCMB'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.05 Med: 9.81 Max: 27.45
Current: 27.25
During the past 13 years, FCMB Group's highest Return-on-Tangible-Equity was 27.45%. The lowest was 5.05%. And the median was 9.81%.
NSA:FCMB's Return-on-Tangible-Equity is ranked better than 95.28% of 1525
companies
in the Banks industry
Industry Median: 11.2
vs NSA:FCMB: 27.25
FCMB Group (NSA:FCMB) 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.
FCMB Group Return-on-Tangible-Equity Related Terms
FCMB Group Return-on-Tangible-Equity Historical Data
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The historical data trend for FCMB Group'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.
FCMB Group Return-on-Tangible-Equity Competitor Comparison
For the Banks - Regional subindustry, FCMB Group'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.
FCMB Group Return-on-Tangible-Equity vs Banks Industry
For the Banks industry and Financial Services sector, FCMB Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where FCMB Group'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 32.28% mean?
FCMB Group (NSA:FCMB) has a Return-on-Tangible-Equity of 32.28% 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 FCMB Group and its competitors. This is 229% above median its historical median of 9.81. Over the past decade, FCMB Group's Return-on-Tangible-Equity has ranged from 5.05 to 27.45. According to the industry distribution chart, FCMB Group ranks #72 out of 1525 companies in the Banks industry, placing it in the top 4.7%.
Is FCMB Group's Return-on-Tangible-Equity too high?
FCMB Group's current Return-on-Tangible-Equity of 32.28% is 229% above median its 10-year median of 9.81. Over the past 10 years, this metric has ranged from a low of 5.05 to a high of 27.45. The Banks industry median Return-on-Tangible-Equity is 11.20. FCMB Group's value of 32.28% is 188.2% above this industry median. Based on the distribution chart, FCMB Group ranks #72 out of 1525 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, FCMB Group has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FCMB Group's Return-on-Tangible-Equity compare to competitors?
According to the Banks industry distribution chart, FCMB Group ranks #72 out of 1525 companies for Return-on-Tangible-Equity. This places FCMB Group in the top 5% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 11.20. FCMB Group's value of 32.28% is 188.2% above this benchmark. Historically, FCMB Group's own Return-on-Tangible-Equity has ranged from 5.05 to 27.45 over the past decade. While the company's 10-year median is 9.81 vs. the industry median of 11.20, FCMB Group 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 1,525 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. FCMB Group's current Return-on-Tangible-Equity of 32.28% is 188.2% 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 FCMB Group 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. FCMB Group's current Return-on-Tangible-Equity is 32.28%, which is 229% above median its own 10-year median of 9.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FCMB Group stock overvalued right now?
Based on GuruFocus' analysis, FCMB Group (NSA:FCMB) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦7.30, compared to a current price of ₦9.60 — trading 31.5% above its estimated fair value. The current Return-on-Tangible-Equity is 32.28%, which is 229% above median its 10-year median of 9.81 and 188.2% above the Banks industry median of 11.20. FCMB Group's overall GF Score™ is 55/100 with 5 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 FCMB Group (NSA:FCMB), the current Return-on-Tangible-Equity is 32.28% 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 FCMB Group (NSA:FCMB) Overvalued in 2026?
Based on GuruFocus' analysis, FCMB Group stock appears to be overvalued.
The current stock price of ₦9.60 is trading 31.5% above its estimated GF Value™ of ₦7.30.
GuruFocus considers FCMB Group to be Significantly Overvalued.
Key valuation signals for NSA:FCMB:
Return-on-Tangible-Equity: 32.28% (229% above median its 10-year median of 9.81)
GF Value™: ₦7.30 vs. price of ₦9.60 (31.5% above fair value)
Industry Position: 188.2% above the Banks median (#72 of 1525)
No single metric tells the full story. See the NSA:FCMB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FCMB Group PLC provides banking services. Its segments include Investment Banking, Investment Management, SME Banking, Commercial Banking, Corporate Banking, Personal Banking, Institutional Banking, and Treasury and Financial Markets. The majority of the revenue is derived from Corporate Banking which incorporates direct debit facilities, current accounts, deposits, overdrafts, loan and other credit facilities, foreign currency and derivative products. The corporate banking business unit caters for the specific needs of companies and financial institutions. It operates in two geographic regions, being: Nigeria and Europe (UK).
55GF Score
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