Naqi Water Co (SAU:2282) Return-on-Tangible-Equity: 9.31% (As of Mar. 2026) — 46% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SAU:2282 Naqi Water Co SAU:2282
54 GF Score
Price ﷼57.00
GF Value ﷼51.90
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Naqi Water Co Return-on-Tangible-Equity?

Naqi Water Co SAU:2282 +1.06% 54 Return-on-Tangible-Equity is 9.31% as of Mar. 2026, which is 46% below its 10-year median of 17.29. GuruFocus rates SAU:2282 with a GF Score™ of 54/100 and a GF Value™ of ﷼51.90 (Fairly Valued). The stock has 1 warning sign investors should review. Among 109 Beverages - Non-Alcoholic companies, Naqi Water Co ranks worse than 85.32% 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. Naqi Water Co's annualized net income for the quarter that ended in Mar. 2026 was ﷼24.9 Mil. Naqi Water Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ﷼267.0 Mil. Therefore, Naqi Water Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 9.31%.

The historical rank and industry rank for Naqi Water Co's Return-on-Tangible-Equity or its related term are showing as below:

SAU:2282' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1.01   Med: 17.29   Max: 37.37
Current: -0.04

During the past 5 years, Naqi Water Co's highest Return-on-Tangible-Equity was 37.37%. The lowest was -1.01%. And the median was 17.29%.

SAU:2282's Return-on-Tangible-Equity is ranked worse than
85.32% of 109 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 13.73 vs SAU:2282: -0.04

Naqi Water Co  (SAU:2282) 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.


Naqi Water Co Return-on-Tangible-Equity Related Terms


Naqi Water Co Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Naqi Water Co'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.

Naqi Water Co Return-on-Tangible-Equity Chart

Naqi Water Co Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
37.37 21.40 17.29 11.73 -1.01

Naqi Water Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.43 6.98 5.05 -21.52 9.31

SAU:2282 vs KO, PEP, MNST: Return-on-Tangible-Equity Comparison

For the Beverages - Non-Alcoholic subindustry, Naqi Water Co'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.


Naqi Water Co Return-on-Tangible-Equity vs Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Naqi Water Co's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Naqi Water Co's Return-on-Tangible-Equity falls into.


SAU:2282
54GF Score
Naqi Water Co SAU:2282
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Naqi Water Co Return-on-Tangible-Equity Calculation

Naqi Water Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=-2.688/( (266.287+263.899 )/ 2 )
=-2.688/265.093
=-1.01 %

Naqi Water Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=24.86/( (263.899+270.048)/ 2 )
=24.86/266.9735
=9.31 %

* 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 9.31% mean?
Naqi Water Co (SAU:2282) has a Return-on-Tangible-Equity of 9.31% 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 Naqi Water Co and its competitors. This is 46% below median its historical median of 17.29. According to the industry distribution chart, Naqi Water Co ranks #93 out of 109 companies in the Beverages - Non-Alcoholic industry, placing it in the top 85.3%.
Is Naqi Water Co's Return-on-Tangible-Equity too high?
Naqi Water Co's current Return-on-Tangible-Equity of 9.31% is 46% below median its 10-year median of 17.29. The Beverages - Non-Alcoholic industry median Return-on-Tangible-Equity is 13.73. Naqi Water Co's value of 9.31% is 32.2% below this industry median. Based on the distribution chart, Naqi Water Co ranks #93 out of 109 companies in the Beverages - Non-Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Naqi Water Co has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Naqi Water Co's Return-on-Tangible-Equity compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Naqi Water Co ranks #93 out of 109 companies for Return-on-Tangible-Equity. This places Naqi Water Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 13.73. Naqi Water Co's value of 9.31% is 32.2% below this benchmark. While the company's 10-year median is 17.29 vs. the industry median of 13.73, Naqi Water Co has consistently been below 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 Beverages - Non-Alcoholic company?
The median Return-on-Tangible-Equity among Beverages - Non-Alcoholic companies is 13.73, based on 109 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. Naqi Water Co's current Return-on-Tangible-Equity of 9.31% is 32.2% below 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 Naqi Water Co and its competitors. For the Beverages - Non-Alcoholic industry, the median Return-on-Tangible-Equity is 13.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Naqi Water Co's current Return-on-Tangible-Equity is 9.31%, which is 46% below median its own 10-year median of 17.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Naqi Water Co stock overvalued right now?
Based on GuruFocus' analysis, Naqi Water Co (SAU:2282) is currently considered Fairly Valued. The stock's GF Value™ is ﷼51.90, compared to a current price of ﷼57.00 — trading 9.8% above its estimated fair value. The current Return-on-Tangible-Equity is 9.31%, which is 46% below median its 10-year median of 17.29 and 32.2% below the Beverages - Non-Alcoholic industry median of 13.73. Naqi Water Co's overall GF Score™ is 54/100 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 Naqi Water Co (SAU:2282), the current Return-on-Tangible-Equity is 9.31% 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 Naqi Water Co (SAU:2282) Overvalued in 2026?

Based on GuruFocus' analysis, Naqi Water Co stock appears to be overvalued. The current stock price of ﷼57.00 is trading 9.8% above its estimated GF Value™ of ﷼51.90. GuruFocus considers Naqi Water Co to be Fairly Valued.

Key valuation signals for SAU:2282:

  • Return-on-Tangible-Equity: 9.31% (46% below median its 10-year median of 17.29)
  • GF Value™: ﷼51.90 vs. price of ﷼57.00 (9.8% above fair value)
  • GF Score™: 54/100 with 1 warning sign
  • Industry Position: 32.2% below the Beverages - Non-Alcoholic median (#93 of 109)

No single metric tells the full story. See the SAU:2282 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Naqi Water Co Business Description

Address Al-Obaisah District, P.O. Box 5228, Qassim, Unaizah, SAU, 56226-6812
Naqi Water Co is engaged in the production and bottling of filtered pure water; wholesaling of bottled water, soft drinks, and juices; retailing of beverages in specialized stores; land transportation of goods; and rearing and producing broiler breeder hens, operating their hatcheries, and producing eggs. The company's segments are Local Sales Water, Export Sales Water, Logistics Sales, and Egg Sales. The company derives maximum revenue from Local Sales Water.
54GF Score

Get the complete analysis for SAU:2282

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

﷼57.00
Price
﷼51.90
GF Value