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NOBA Bank Group AB (publ)OSTO:NOBA -0.12%2 Return-on-Tangible-Equity is 21.03% as of Mar. 2026, which is 101% above its 10-year median of 10.48. GuruFocus rates OSTO:NOBA with a GF Score™ of 2/100. The stock has 1 warning sign investors should review. Among 1,522 Banks companies, NOBA Bank Group AB (publ) ranks better than 91.13% 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. NOBA Bank Group AB (publ)'s annualized net income for the quarter that ended in Mar. 2026 was kr4,012 Mil. NOBA Bank Group AB (publ)'s average shareholder tangible equity for the quarter that ended in Mar. 2026 was kr19,082 Mil. Therefore, NOBA Bank Group AB (publ)'s annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 21.03%.
The historical rank and industry rank for NOBA Bank Group AB (publ)'s Return-on-Tangible-Equity or its related term are showing as below:
OSTO:NOBA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -0.23 Med: 10.48 Max: 21.64
Current: 21.28
During the past 5 years, NOBA Bank Group AB (publ)'s highest Return-on-Tangible-Equity was 21.64%. The lowest was -0.23%. And the median was 10.48%.
OSTO:NOBA's Return-on-Tangible-Equity is ranked better than 91.13% of 1522
companies
in the Banks industry
Industry Median: 11.35
vs OSTO:NOBA: 21.28
NOBA Bank Group AB (publ) (OSTO:NOBA) 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.
NOBA Bank Group AB (publ) Return-on-Tangible-Equity Related Terms
NOBA Bank Group AB (publ) Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for NOBA Bank Group AB (publ)'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.
NOBA Bank Group AB (publ) Return-on-Tangible-Equity Chart
OSTO:NOBA vs JPM, BAC, WFC: Return-on-Tangible-Equity Comparison
For the Banks - Diversified subindustry, NOBA Bank Group AB (publ)'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.
NOBA Bank Group AB (publ) Return-on-Tangible-Equity vs Banks Industry
For the Banks industry and Financial Services sector, NOBA Bank Group AB (publ)'s Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where NOBA Bank Group AB (publ)'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 21.03% mean?
NOBA Bank Group AB (publ) (OSTO:NOBA) has a Return-on-Tangible-Equity of 21.03% 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 NOBA Bank Group AB (publ) and its competitors. This is 101% above median its historical median of 10.48. According to the industry distribution chart, NOBA Bank Group AB (publ) ranks #135 out of 1522 companies in the Banks industry, placing it in the top 8.9%.
Is NOBA Bank Group AB (publ)'s Return-on-Tangible-Equity too high?
NOBA Bank Group AB (publ)'s current Return-on-Tangible-Equity of 21.03% is 101% above median its 10-year median of 10.48. The Banks industry median Return-on-Tangible-Equity is 11.35. NOBA Bank Group AB (publ)'s value of 21.03% is 85.3% above this industry median. Based on the distribution chart, NOBA Bank Group AB (publ) ranks #135 out of 1522 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, NOBA Bank Group AB (publ) has a GF Score™ of 2/100, reflecting its overall financial health beyond just this single metric.
How does NOBA Bank Group AB (publ)'s Return-on-Tangible-Equity compare to JPM and BAC?
According to the Banks industry distribution chart, NOBA Bank Group AB (publ) ranks #135 out of 1522 companies for Return-on-Tangible-Equity. This places NOBA Bank Group AB (publ) in the top 9% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 11.35. NOBA Bank Group AB (publ)'s value of 21.03% is 85.3% above this benchmark. While the company's 10-year median is 10.48 vs. the industry median of 11.35, NOBA Bank Group AB (publ) 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 11.35, based on 1,522 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. NOBA Bank Group AB (publ)'s current Return-on-Tangible-Equity of 21.03% is 85.3% 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 NOBA Bank Group AB (publ) and its competitors. For the Banks industry, the median Return-on-Tangible-Equity is 11.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NOBA Bank Group AB (publ)'s current Return-on-Tangible-Equity is 21.03%, which is 101% above median its own 10-year median of 10.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NOBA Bank Group AB (publ) stock overvalued right now?
NOBA Bank Group AB (publ) (OSTO:NOBA) has a current Return-on-Tangible-Equity of 21.03%. The current Return-on-Tangible-Equity is 21.03%, which is 101% above median its 10-year median of 10.48 and 85.3% above the Banks industry median of 11.35. NOBA Bank Group AB (publ)'s overall GF Score™ is 2/100 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 NOBA Bank Group AB (publ) (OSTO:NOBA), the current Return-on-Tangible-Equity is 21.03% 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.
NOBA Bank Group AB (publ) is a European specialist bank operating through three brands: Nordax Bank, Bank Norwegian, and Svensk Hypotekspension. It offers retail financial products in four main segments: Private Loans, Credit Cards, Secured Loans (including specialist and equity release mortgages), and Other services such as deposits. Geographically, the company operates in eight countries, with a presence in the Nordic region (Sweden, Norway, Finland, Denmark), as well as Germany, Spain, the Netherlands, and Ireland.
2GF Score
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