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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. NIS AD's annualized net income for the quarter that ended in Mar. 2026 was RSD11,855 Mil. NIS AD's average shareholder tangible equity for the quarter that ended in Mar. 2026 was RSD349,397 Mil. Therefore, NIS AD's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 3.39%.
The historical rank and industry rank for NIS AD's Return-on-Tangible-Equity or its related term are showing as below:
XBEL:NIIS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -3.37 Med: 8.89 Max: 32.63
Current: -0.92
During the past 13 years, NIS AD's highest Return-on-Tangible-Equity was 32.63%. The lowest was -3.37%. And the median was 8.89%.
XBEL:NIIS's Return-on-Tangible-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 6.83
vs XBEL:NIIS: -0.92
NIS AD (XBEL:NIIS) 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.
NIS AD Return-on-Tangible-Equity Related Terms
NIS AD Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for NIS AD'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.
XBEL:NIIS vs PSX, MPC, VLO: Return-on-Tangible-Equity Comparison
For the Oil & Gas Refining & Marketing subindustry, NIS AD'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.
NIS AD Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NIS AD's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where NIS AD'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 3.39% mean?
NIS AD (XBEL:NIIS) has a Return-on-Tangible-Equity of 3.39% 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 NIS AD and its competitors. This is 62% below median its historical median of 8.89.
Is NIS AD's Return-on-Tangible-Equity too high?
NIS AD's current Return-on-Tangible-Equity of 3.39% is 62% below median its 10-year median of 8.89. The Oil & Gas industry median Return-on-Tangible-Equity is 6.83. NIS AD's value of 3.39% is 50.4% below this industry median. Overall, NIS AD has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does NIS AD's Return-on-Tangible-Equity compare to PSX and MPC?
NIS AD's Return-on-Tangible-Equity of 3.39% can be compared against companies in the Oil & Gas industry. The industry median Return-on-Tangible-Equity is 6.83. NIS AD's value of 3.39% is 50.4% below this benchmark. While the company's 10-year median is 8.89 vs. the industry median of 6.83, NIS AD 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 an Oil & Gas company?
The median Return-on-Tangible-Equity among Oil & Gas companies is 6.83, based on 951 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. NIS AD's current Return-on-Tangible-Equity of 3.39% is 50.4% 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 NIS AD and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 6.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NIS AD's current Return-on-Tangible-Equity is 3.39%, which is 62% below median its own 10-year median of 8.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NIS AD stock overvalued right now?
NIS AD (XBEL:NIIS) has a current Return-on-Tangible-Equity of 3.39%. The stock's GF Value™ is RSD705.03, compared to a current price of RSD705.00 — trading 0% below its estimated fair value. The current Return-on-Tangible-Equity is 3.39%, which is 62% below median its 10-year median of 8.89 and 50.4% below the Oil & Gas industry median of 6.83. NIS AD's overall GF Score™ is 18/100 with 3 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 NIS AD (XBEL:NIIS), the current Return-on-Tangible-Equity is 3.39% 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 NIS AD (XBEL:NIIS) Overvalued in 2026?
Based on GuruFocus' analysis, NIS AD stock appears to be undervalued.
The current stock price of RSD705.00 is trading 0% below its estimated GF Value™ of RSD705.03.
Key valuation signals for XBEL:NIIS:
Return-on-Tangible-Equity: 3.39% (62% below median its 10-year median of 8.89)
GF Value™: RSD705.03 vs. price of RSD705.00 (0% below fair value)
Industry Position: 50.4% below the Oil & Gas median
No single metric tells the full story. See the XBEL:NIIS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NIS AD is vertically-integrated energy company operating in Serbia. It engages in the exploration, production, and development of crude oil and gas as well as the production of refined petroleum products, petroleum products and gas trading and electric generation and trading. NIS operates through two segments namely Upstream and Downstream. The Upstream segment includes exploration, development, and production of crude oil and natural gas and oil field services whereas the Downstream segment includes refining and marketing, processing of crude oil into refined products and purchases, sale and transport of crude and refined petroleum products. The company's products are compressed natural gas, motor fuels, energy fuels, oils and lubricants, petrochemical products, and other products.
18GF Score
Get the complete analysis for XBEL:NIIS
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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