Nestle NigeriaNSA:NESTLE 76 Return-on-Tangible-Equity is 483.47% as of Mar. 2026, which is 407% above its 10-year median of 95.39. GuruFocus rates NSA:NESTLE with a GF Score™ of 76/100 and a GF Value™ of ₦2,151.15 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,874 Consumer Packaged Goods companies, Nestle Nigeria ranks better than 99.95% 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. Nestle Nigeria's annualized net income for the quarter that ended in Mar. 2026 was ₦155,991 Mil. Nestle Nigeria's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₦32,265 Mil. Therefore, Nestle Nigeria's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 483.47%.
The historical rank and industry rank for Nestle Nigeria's Return-on-Tangible-Equity or its related term are showing as below:
NSA:NESTLE'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 23.01 Med: 95.39 Max: 189.53
Current: Negative Tangible Equity
During the past 13 years, Nestle Nigeria's highest Return-on-Tangible-Equity was 189.53%. The lowest was 23.01%. And the median was 95.39%.
NSA:NESTLE's Return-on-Tangible-Equity is ranked better than 99.95% of 1874
companies
in the Consumer Packaged Goods industry
Industry Median: 7.715
vs NSA:NESTLE: Negative Tangible Equity
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.
Nestle Nigeria Return-on-Tangible-Equity Related Terms
Nestle Nigeria Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Nestle Nigeria'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.
NSA:NESTLE vs KHC, GIS, HRL: Return-on-Tangible-Equity Comparison
For the Packaged Foods subindustry, Nestle Nigeria'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.
Nestle Nigeria Return-on-Tangible-Equity vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Nestle Nigeria's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nestle Nigeria'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 483.47% mean?
Nestle Nigeria (NSA:NESTLE) has a Return-on-Tangible-Equity of 483.47% 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 Nestle Nigeria and its competitors. This is 407% above median its historical median of 95.39. Over the past decade, Nestle Nigeria's Return-on-Tangible-Equity has ranged from 23.01 to 189.53. According to the industry distribution chart, Nestle Nigeria ranks #1 out of 1874 companies in the Consumer Packaged Goods industry, placing it in the top 0.099999999999994%.
Is Nestle Nigeria's Return-on-Tangible-Equity too high?
Nestle Nigeria's current Return-on-Tangible-Equity of 483.47% is 407% above median its 10-year median of 95.39. Over the past 10 years, this metric has ranged from a low of 23.01 to a high of 189.53. The Consumer Packaged Goods industry median Return-on-Tangible-Equity is 7.72. Nestle Nigeria's value of 483.47% is 6166.6% above this industry median. Based on the distribution chart, Nestle Nigeria ranks #1 out of 1874 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Nestle Nigeria has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nestle Nigeria's Return-on-Tangible-Equity compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Nestle Nigeria ranks #1 out of 1874 companies for Return-on-Tangible-Equity. This places Nestle Nigeria in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.72. Nestle Nigeria's value of 483.47% is 6166.6% above this benchmark. Historically, Nestle Nigeria's own Return-on-Tangible-Equity has ranged from 23.01 to 189.53 over the past decade. While the company's 10-year median is 95.39 vs. the industry median of 7.72, Nestle Nigeria 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 Consumer Packaged Goods company?
The median Return-on-Tangible-Equity among Consumer Packaged Goods companies is 7.72, based on 1,874 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. Nestle Nigeria's current Return-on-Tangible-Equity of 483.47% is 6166.6% 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 Nestle Nigeria and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Equity is 7.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nestle Nigeria's current Return-on-Tangible-Equity is 483.47%, which is 407% above median its own 10-year median of 95.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nestle Nigeria stock overvalued right now?
Based on GuruFocus' analysis, Nestle Nigeria (NSA:NESTLE) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦2,151.15, compared to a current price of ₦3,125.00 — trading 45.3% above its estimated fair value. The current Return-on-Tangible-Equity is 483.47%, which is 407% above median its 10-year median of 95.39 and 6166.6% above the Consumer Packaged Goods industry median of 7.72. Nestle Nigeria's overall GF Score™ is 76/100 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 Nestle Nigeria (NSA:NESTLE), the current Return-on-Tangible-Equity is 483.47% 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 Nestle Nigeria (NSA:NESTLE) Overvalued in 2026?
Based on GuruFocus' analysis, Nestle Nigeria stock appears to be overvalued.
The current stock price of ₦3,125.00 is trading 45.3% above its estimated GF Value™ of ₦2,151.15.
GuruFocus considers Nestle Nigeria to be Significantly Overvalued.
Key valuation signals for NSA:NESTLE:
Return-on-Tangible-Equity: 483.47% (407% above median its 10-year median of 95.39)
GF Value™: ₦2,151.15 vs. price of ₦3,125.00 (45.3% above fair value)
Industry Position: 6166.6% above the Consumer Packaged Goods median (#1 of 1874)
No single metric tells the full story. See the NSA:NESTLE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nestle Nigeria PLC is a food and beverage company. It is involved in the business of manufacturing, marketing, and distribution of food products. The firm has categorized its products into Baby foods, Coffee, Culinary, Dairy, Drinks, and Recipes. It develops and markets its products under brands such as Cerelac, Nescafe, Nido, Maggi, Milo, etc. The company has Food and Beverage reportable segments. The Food segment engaged in the production and sale of Maggi, Cerelac, SMA, Nan, Lactogen, and Golden Morn. The Beverage segment consists of the production and sale of Milo, Chocomilo, Nido, Nescafe, Milo ready-to-drink, and Nestle Pure Life. The Food segment generates the majority of the revenue. Geographically, the majority of the revenue is generated from Nigeria.
76GF Score
Get the complete analysis for NSA:NESTLE
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
NSA:NESTLE has been successfully added to your 
