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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. NLB Banka a.d. Skopje's annualized net income for the quarter that ended in Dec. 2025 was MKD0 Mil. NLB Banka a.d. Skopje's average shareholder tangible equity for the quarter that ended in Dec. 2025 was MKD20,467 Mil. Therefore, NLB Banka a.d. Skopje's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 0.00%.
The historical rank and industry rank for NLB Banka a.d. Skopje's Return-on-Tangible-Equity or its related term are showing as below:
XMAE:TNB'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.93 Med: 18.81 Max: 24.27
Current: 16.88
During the past 13 years, NLB Banka a.d. Skopje's highest Return-on-Tangible-Equity was 24.27%. The lowest was 8.93%. And the median was 18.81%.
XMAE:TNB's Return-on-Tangible-Equity is ranked better than 81.67% of 1522
companies
in the Banks industry
Industry Median: 11.315
vs XMAE:TNB: 16.88
NLB Banka a.d. Skopje (XMAE:TNB) 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.
NLB Banka a.d. Skopje Return-on-Tangible-Equity Related Terms
NLB Banka a.d. Skopje Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for NLB Banka a.d. Skopje'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.
NLB Banka a.d. Skopje Return-on-Tangible-Equity Chart
XMAE:TNB vs PNC, USB, NU: Return-on-Tangible-Equity Comparison
For the Banks - Regional subindustry, NLB Banka a.d. Skopje'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.
NLB Banka a.d. Skopje Return-on-Tangible-Equity vs Banks Industry
For the Banks industry and Financial Services sector, NLB Banka a.d. Skopje's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where NLB Banka a.d. Skopje'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 0.00% mean?
NLB Banka a.d. Skopje (XMAE:TNB) has a Return-on-Tangible-Equity of 0.00% 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 NLB Banka a.d. Skopje and its competitors. Over the past decade, NLB Banka a.d. Skopje's Return-on-Tangible-Equity has ranged from 8.93 to 24.27. According to the industry distribution chart, NLB Banka a.d. Skopje ranks #279 out of 1522 companies in the Banks industry, placing it in the top 18.3%.
Is NLB Banka a.d. Skopje's Return-on-Tangible-Equity too high?
NLB Banka a.d. Skopje's current Return-on-Tangible-Equity is 0.00%. Over the past 10 years, this metric has ranged from a low of 8.93 to a high of 24.27. Based on the distribution chart, NLB Banka a.d. Skopje ranks #279 out of 1522 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, NLB Banka a.d. Skopje has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NLB Banka a.d. Skopje's Return-on-Tangible-Equity compare to PNC and USB?
According to the Banks industry distribution chart, NLB Banka a.d. Skopje ranks #279 out of 1522 companies for Return-on-Tangible-Equity. This places NLB Banka a.d. Skopje in the top 18% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 11.32. Historically, NLB Banka a.d. Skopje's own Return-on-Tangible-Equity has ranged from 8.93 to 24.27 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 11.32, 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. 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 NLB Banka a.d. Skopje and its competitors. For the Banks industry, the median Return-on-Tangible-Equity is 11.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NLB Banka a.d. Skopje's current Return-on-Tangible-Equity is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NLB Banka a.d. Skopje stock overvalued right now?
Based on GuruFocus' analysis, NLB Banka a.d. Skopje (XMAE:TNB) is currently considered Fairly Valued. The stock's GF Value™ is MKD54,430.20, compared to a current price of MKD53,200.00 — trading 2.3% below its estimated fair value. The current Return-on-Tangible-Equity is 0.00%. NLB Banka a.d. Skopje's overall GF Score™ is 77/100 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 NLB Banka a.d. Skopje (XMAE:TNB), the current Return-on-Tangible-Equity is 0.00% 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 NLB Banka a.d. Skopje (XMAE:TNB) Overvalued in 2026?
Based on GuruFocus' analysis, NLB Banka a.d. Skopje stock appears to be undervalued.
The current stock price of MKD53,200.00 is trading 2.3% below its estimated GF Value™ of MKD54,430.20.
GuruFocus considers NLB Banka a.d. Skopje to be Fairly Valued.
Key valuation signals for XMAE:TNB:
Return-on-Tangible-Equity: 0.00%
GF Value™: MKD54,430.20 vs. price of MKD53,200.00 (2.3% below fair value)
No single metric tells the full story. See the XMAE:TNB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NLB Banka a.d. Skopje is a bank in the Republic of Macedonia. It provides general banking services like accepting deposits, granting loans and advances, foreign exchange, asset management, retail banking services, brokerage services, custody services, and many others. The bank operates in the Republic of Macedonia, EU countries, Non-EU countries in Europe, and other countries.
77GF Score
Get the complete analysis for XMAE:TNB
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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