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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. Nova Banka AD's annualized net income for the quarter that ended in Dec. 2024 was BAM131.0 Mil. Nova Banka AD's average shareholder tangible equity for the quarter that ended in Dec. 2024 was BAM450.5 Mil. Therefore, Nova Banka AD's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2024 was 29.08%.
The historical rank and industry rank for Nova Banka AD's Return-on-Tangible-Equity or its related term are showing as below:
XBLB:NOVB-R-E's Return-on-Tangible-Equity is not ranked *
in the Banks industry.
Industry Median: 11.2 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
Nova Banka AD (XBLB:NOVB-R-E) 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.
Nova Banka AD Return-on-Tangible-Equity Related Terms
Nova Banka AD Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Nova Banka 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.
Nova Banka AD Return-on-Tangible-Equity Competitor Comparison
For the Banks - Regional subindustry, Nova Banka 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.
Nova Banka AD Return-on-Tangible-Equity vs Banks Industry
For the Banks industry and Financial Services sector, Nova Banka AD's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nova Banka 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 two times the semi-annual (Dec. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 29.08% mean?
Nova Banka AD (XBLB:NOVB-R-E) has a Return-on-Tangible-Equity of 29.08% as of Dec. 2024. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Nova Banka AD and its competitors.
Is Nova Banka AD's Return-on-Tangible-Equity too high?
Nova Banka AD's current Return-on-Tangible-Equity is 29.08%. The Banks industry median Return-on-Tangible-Equity is 11.20. Nova Banka AD's value of 29.08% is 159.6% above this industry median.
How does Nova Banka AD's Return-on-Tangible-Equity compare to competitors?
Nova Banka AD's Return-on-Tangible-Equity of 29.08% can be compared against companies in the Banks industry. The industry median Return-on-Tangible-Equity is 11.20. Nova Banka AD's value of 29.08% is 159.6% above this benchmark. 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. Nova Banka AD's current Return-on-Tangible-Equity of 29.08% is 159.6% 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 Nova Banka AD 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. Nova Banka AD's current Return-on-Tangible-Equity is 29.08%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nova Banka AD stock overvalued right now?
Nova Banka AD (XBLB:NOVB-R-E) has a current Return-on-Tangible-Equity of 29.08%. The current Return-on-Tangible-Equity is 29.08% and 159.6% above the Banks industry median of 11.20. 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 Nova Banka AD (XBLB:NOVB-R-E), the current Return-on-Tangible-Equity is 29.08% as of Dec. 2024. 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.
Nova Banka AD is engaged in providing banking services. The services include loans, documentary work, deposits and savings, payment transactions and money transfers, and currency exchange transactions. The bank also provides non-banking activities such as broker operations, custody operations, factoring, and forfeiting. Its operating segments include Corporate, Retail, Financial market, and others.
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