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. United Bank for Africa's annualized net income for the quarter that ended in Dec. 2025 was ₦-559,048 Mil. United Bank for Africa's average shareholder tangible equity for the quarter that ended in Dec. 2025 was ₦4,078,424 Mil. Therefore, United Bank for Africa's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was -13.71%.
The historical rank and industry rank for United Bank for Africa's Return-on-Tangible-Equity or its related term are showing as below:
NSA:UBA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 9.87 Med: 17.06 Max: 43.16
Current: 9.87
During the past 13 years, United Bank for Africa's highest Return-on-Tangible-Equity was 43.16%. The lowest was 9.87%. And the median was 17.06%.
NSA:UBA's Return-on-Tangible-Equity is ranked worse than 58.37% of 1523
companies
in the Banks industry
Industry Median: 11.2
vs NSA:UBA: 9.87
United Bank for Africa (NSA:UBA) 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.
United Bank for Africa Return-on-Tangible-Equity Related Terms
United Bank for Africa Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for United Bank for Africa'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.
United Bank for Africa Return-on-Tangible-Equity Chart
NSA:UBA vs JPM, BAC, WFC: Return-on-Tangible-Equity Comparison
For the Banks - Diversified subindustry, United Bank for Africa'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.
United Bank for Africa Return-on-Tangible-Equity vs Banks Industry
For the Banks industry and Financial Services sector, United Bank for Africa's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where United Bank for Africa'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 (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -13.71% mean?
United Bank for Africa (NSA:UBA) has a Return-on-Tangible-Equity of -13.71% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on United Bank for Africa and its competitors. Over the past decade, United Bank for Africa's Return-on-Tangible-Equity has ranged from 9.87 to 43.16. According to the industry distribution chart, United Bank for Africa ranks #889 out of 1523 companies in the Banks industry, placing it in the top 58.4%.
Is United Bank for Africa's Return-on-Tangible-Equity too high?
United Bank for Africa's current Return-on-Tangible-Equity is -13.71%. Over the past 10 years, this metric has ranged from a low of 9.87 to a high of 43.16. Based on the distribution chart, United Bank for Africa ranks #889 out of 1523 companies in the Banks industry, which is below the industry midpoint. Overall, United Bank for Africa has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does United Bank for Africa's Return-on-Tangible-Equity compare to JPM and BAC?
According to the Banks industry distribution chart, United Bank for Africa ranks #889 out of 1523 companies for Return-on-Tangible-Equity. This places United Bank for Africa in the lower half of its industry. The industry median Return-on-Tangible-Equity is 11.20. Historically, United Bank for Africa's own Return-on-Tangible-Equity has ranged from 9.87 to 43.16 over the past decade. 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. 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 United Bank for Africa 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. United Bank for Africa's current Return-on-Tangible-Equity is -13.71%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Bank for Africa stock overvalued right now?
Based on GuruFocus' analysis, United Bank for Africa (NSA:UBA) is currently considered Fairly Valued. The stock's GF Value™ is ₦35.56, compared to a current price of ₦37.90 — trading 6.6% above its estimated fair value. The current Return-on-Tangible-Equity is -13.71%. United Bank for Africa's overall GF Score™ is 77/100 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 United Bank for Africa (NSA:UBA), the current Return-on-Tangible-Equity is -13.71% as of Dec. 2025. 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 United Bank for Africa (NSA:UBA) Overvalued in 2026?
Based on GuruFocus' analysis, United Bank for Africa stock appears to be overvalued.
The current stock price of ₦37.90 is trading 6.6% above its estimated GF Value™ of ₦35.56.
GuruFocus considers United Bank for Africa to be Fairly Valued.
Key valuation signals for NSA:UBA:
Return-on-Tangible-Equity: -13.71%
GF Value™: ₦35.56 vs. price of ₦37.90 (6.6% above fair value)
No single metric tells the full story. See the NSA:UBA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
United Bank for Africa PLC is a financial services institution. It offers banking and other financial and pension fund custody services. The geographical segments are Nigeria, the Rest of Africa and the Rest of the world. The business segments of the company are 1) Corporate Banking, which provides financial solutions to multinationals, regional companies, state-owned companies, non-governmental organizations, international and multinational organizations and financial institutions. 2) Retail/ Commercial banking segment products and services to the middle and retail segments of the market. 3) Treasury and Financial Markets segment provide financing and risk management solutions and advisory services to the company's corporate and institutional customers.
77GF Score
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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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