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Nigerian Exchange GroupNSA:NGXGROUP -5.45%3 Return-on-Tangible-Equity is 0.00% as of . 20. GuruFocus rates NSA:NGXGROUP with a GF Score™ of 3/100. The stock has 1 warning sign investors should review. Among 775 Capital Markets companies, Nigerian Exchange Group ranks worse than 129032.13% 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. Nigerian Exchange Group's annualized net income for the quarter that ended in . 20 was ₦ Mil. Nigerian Exchange Group's average shareholder tangible equity for the quarter that ended in . 20 was ₦ Mil. Therefore, Nigerian Exchange Group's annualized Return-on-Tangible-Equity for the quarter that ended in . 20 was %.
The historical rank and industry rank for Nigerian Exchange Group's Return-on-Tangible-Equity or its related term are showing as below:
NSA:NGXGROUP's Return-on-Tangible-Equity is not ranked *
in the Capital Markets industry.
Industry Median: 6.92 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
Nigerian Exchange Group (NSA:NGXGROUP) 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.
Nigerian Exchange Group Return-on-Tangible-Equity Related Terms
Nigerian Exchange Group Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Nigerian Exchange 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.
Nigerian Exchange Group Return-on-Tangible-Equity Chart
Nigerian Exchange Group Annual Data
Trend
Return-on-Tangible-Equity
Nigerian Exchange Group Semi-Annual Data
Return-on-Tangible-Equity
NSA:NGXGROUP vs : Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, Nigerian Exchange 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.
Nigerian Exchange Group Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Nigerian Exchange Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nigerian Exchange 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 one times the annual (. 20) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 0.00% mean?
Nigerian Exchange Group (NSA:NGXGROUP) has a Return-on-Tangible-Equity of 0.00% as of . 20. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Nigerian Exchange Group and its competitors. According to the industry distribution chart, Nigerian Exchange Group ranks #999999 out of 775 companies in the Capital Markets industry.
Is Nigerian Exchange Group's Return-on-Tangible-Equity too high?
Nigerian Exchange Group's current Return-on-Tangible-Equity is 0.00%. Based on the distribution chart, Nigerian Exchange Group ranks #999999 out of 775 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Nigerian Exchange Group has a GF Score™ of 3/100, reflecting its overall financial health beyond just this single metric.
How does Nigerian Exchange Group's Return-on-Tangible-Equity compare to ?
According to the Capital Markets industry distribution chart, Nigerian Exchange Group ranks #999999 out of 775 companies for Return-on-Tangible-Equity. This places Nigerian Exchange Group in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.92. 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 Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.92, based on 775 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 Nigerian Exchange Group and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nigerian Exchange Group's current Return-on-Tangible-Equity is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nigerian Exchange Group stock overvalued right now?
Nigerian Exchange Group (NSA:NGXGROUP) has a current Return-on-Tangible-Equity of 0.00%. The current Return-on-Tangible-Equity is 0.00%. Nigerian Exchange Group's overall GF Score™ is 3/100 with 1 warning sign 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 Nigerian Exchange Group (NSA:NGXGROUP), the current Return-on-Tangible-Equity is 0.00% as of . 20. 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.
Nigerian Exchange Group PLC is an integrated capital market infrastructure provider in Nigeria. It provides a wide range of services, including listing and trading securities, licensing, market data solutions, ancillary technology, regulation, real estate, and more. The group's reportable segments are: Capital Market and Post trade Services, Strategic Investment, and Property Management. The majority of its revenue is generated from the Capital Market and Post trade Services segment, which is engaged in regulating the activities of all stock broking firms in Nigeria while providing them with the facilities for the purchase and sale of bonds, stocks, and shares of any kind. This also includes the clearing and settlement of trades on the stock exchange.
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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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