TransnationalNSA:TRCNP +1.00%90 Return-on-Tangible-Equity is 41.96% as of Mar. 2026, which is 81% above its 10-year median of 23.24. GuruFocus rates NSA:TRCNP with a GF Score™ of 90/100 and a GF Value™ of ₦84.14 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 426 Utilities - Independent Power Producers companies, Transnational ranks better than 92.96% 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. Transnational's annualized net income for the quarter that ended in Mar. 2026 was ₦87,816 Mil. Transnational's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₦209,296 Mil. Therefore, Transnational's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 41.96%.
The historical rank and industry rank for Transnational's Return-on-Tangible-Equity or its related term are showing as below:
NSA:TRCNP'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -3.32 Med: 23.24 Max: 56.9
Current: 49.33
During the past 13 years, Transnational's highest Return-on-Tangible-Equity was 56.90%. The lowest was -3.32%. And the median was 23.24%.
NSA:TRCNP's Return-on-Tangible-Equity is ranked better than 92.96% of 426
companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.695
vs NSA:TRCNP: 49.33
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.
Transnational Return-on-Tangible-Equity Related Terms
Transnational Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for 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.
NSA:TRCNP vs CEG, VST, NRG: Return-on-Tangible-Equity Comparison
For the Utilities - Independent Power Producers subindustry, 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.
Transnational Return-on-Tangible-Equity vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Transnational's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where 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 41.96% mean?
Transnational (NSA:TRCNP) has a Return-on-Tangible-Equity of 41.96% 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 Transnational and its competitors. This is 81% above median its historical median of 23.24. According to the industry distribution chart, Transnational ranks #30 out of 426 companies in the Utilities - Independent Power Producers industry, placing it in the top 7%.
Is Transnational's Return-on-Tangible-Equity too high?
Transnational's current Return-on-Tangible-Equity of 41.96% is 81% above median its 10-year median of 23.24. The Utilities - Independent Power Producers industry median Return-on-Tangible-Equity is 4.70. Transnational's value of 41.96% is 793.7% above this industry median. Based on the distribution chart, Transnational ranks #30 out of 426 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Transnational has a GF Score™ of 90/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Transnational's Return-on-Tangible-Equity compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Transnational ranks #30 out of 426 companies for Return-on-Tangible-Equity. This places Transnational in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.70. Transnational's value of 41.96% is 793.7% above this benchmark. While the company's 10-year median is 23.24 vs. the industry median of 4.70, 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 an Utilities - Independent Power Producers company?
The median Return-on-Tangible-Equity among Utilities - Independent Power Producers companies is 4.70, based on 426 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. Transnational's current Return-on-Tangible-Equity of 41.96% is 793.7% 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 Transnational and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Equity is 4.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Transnational's current Return-on-Tangible-Equity is 41.96%, which is 81% above median its own 10-year median of 23.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Transnational stock overvalued right now?
Based on GuruFocus' analysis, Transnational (NSA:TRCNP) is currently considered Significantly Undervalued. The stock's GF Value™ is ₦84.14, compared to a current price of ₦40.50 — trading 51.9% below its estimated fair value. The current Return-on-Tangible-Equity is 41.96%, which is 81% above median its 10-year median of 23.24 and 793.7% above the Utilities - Independent Power Producers industry median of 4.70. Transnational's overall GF Score™ is 90/100 with 2 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 Transnational (NSA:TRCNP), the current Return-on-Tangible-Equity is 41.96% 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 Transnational (NSA:TRCNP) Overvalued in 2026?
Based on GuruFocus' analysis, Transnational stock appears to be undervalued.
The current stock price of ₦40.50 is trading 51.9% below its estimated GF Value™ of ₦84.14.
GuruFocus considers Transnational to be Significantly Undervalued.
Key valuation signals for NSA:TRCNP:
Return-on-Tangible-Equity: 41.96% (81% above median its 10-year median of 23.24)
GF Value™: ₦84.14 vs. price of ₦40.50 (51.9% below fair value)
Industry Position: 793.7% above the Utilities - Independent Power Producers median (#30 of 426)
No single metric tells the full story. See the NSA:TRCNP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Transnational Corp PLC is a diversified conglomerate. Its business segments are Power, Oil and Gas, Hospitality, Corporate Centre, and Agro-allied. The group generates the majority of the revenue from the Power segment. In the Power segment, the company through its subsidiary, is engaged in the generation of electric power. The group provides hospitality services to the customers in the Hospitality segment. Oil and Gas segment includes exploration, refining, and marketing of petroleum products, and in the Agro-Allied segment, the group processes fruit concentrates from fruits. The Corporate Centre segment is the parent Company, Transnational Corporation of Nigeria Plc, and the other non-operational subsidiaries.
90GF Score
Get the complete analysis for NSA:TRCNP
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:TRCNP has been successfully added to your 
