The historical rank and industry rank for National Bank Holdings's ROE % or its related term are showing as below:
FRA:NB9'
s ROE % Range Over the Past 10 Years
Min: 2.73 Med: 9.73 Max: 12.33
Current: 7.47
During the past 13 years, National Bank Holdings's highest ROE % was 12.33%. The lowest was 2.73%. And the median was 9.73%.
FRA:NB9's ROE % is ranked worse than 68.64% of 1524
companies
in the Banks industry
Industry Median: 10.22
vs FRA:NB9: 7.47
National Bank Holdings (FRA:NB9) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.
* 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.
For the Banks - Regional subindustry, National Bank Holdings's ROE %, along with its competitors' market caps and ROE % 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.
National Bank Holdings ROE % vs Banks Industry
For the Banks industry and Financial Services sector, National Bank Holdings's ROE % distribution charts can be found below:
* The bar in red indicates where National Bank Holdings's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder 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.
ROE % is displayed in the 30-year financial page.
National Bank Holdings (FRA:NB9) has a ROE % of 5.49% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on National Bank Holdings and its competitors. This is 44% below median its historical median of 9.73. Over the past decade, National Bank Holdings' ROE % has ranged from 2.73 to 12.33. According to the industry distribution chart, National Bank Holdings ranks #1046 out of 1524 companies in the Banks industry, placing it in the top 68.6%.
Is National Bank Holdings' ROE % too high?
National Bank Holdings' current ROE % of 5.49% is 44% below median its 10-year median of 9.73. Over the past 10 years, this metric has ranged from a low of 2.73 to a high of 12.33. The Banks industry median ROE % is 10.22. National Bank Holdings' value of 5.49% is 46.3% below this industry median. Based on the distribution chart, National Bank Holdings ranks #1046 out of 1524 companies in the Banks industry, which is below the industry midpoint. Overall, National Bank Holdings has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does National Bank Holdings' ROE % compare to STEL and OFG?
According to the Banks industry distribution chart, National Bank Holdings ranks #1046 out of 1524 companies for ROE %. This places National Bank Holdings in the lower half of its industry. The industry median ROE % is 10.22. National Bank Holdings' value of 5.49% is 46.3% below this benchmark. Historically, National Bank Holdings' own ROE % has ranged from 2.73 to 12.33 over the past decade. While the company's 10-year median is 9.73 vs. the industry median of 10.22, National Bank Holdings 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 ROE % for a Banks company?
The median ROE % among Banks companies is 10.22, based on 1,524 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Bank Holdings's current ROE % of 5.49% is 46.3% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on National Bank Holdings and its competitors. For the Banks industry, the median ROE % is 10.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Bank Holdings's current ROE % is 5.49%, which is 44% below median its own 10-year median of 9.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Bank Holdings stock overvalued right now?
National Bank Holdings (FRA:NB9) has a current ROE % of 5.49%. The stock's GF Value™ is €33.58, compared to a current price of €38.00 — trading 13.2% above its estimated fair value. The current ROE % is 5.49%, which is 44% below median its 10-year median of 9.73 and 46.3% below the Banks industry median of 10.22. National Bank Holdings' overall GF Score™ is 62/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For National Bank Holdings (FRA:NB9), the current ROE % is 5.49% 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 National Bank Holdings (FRA:NB9) Overvalued in 2026?
Based on GuruFocus' analysis, National Bank Holdings stock appears to be overvalued.
The current stock price of €38.00 is trading 13.2% above its estimated GF Value™ of €33.58.
Key valuation signals for FRA:NB9:
ROE %: 5.49% (44% below median its 10-year median of 9.73)
GF Value™: €33.58 vs. price of €38.00 (13.2% above fair value)
Industry Position: 46.3% below the Banks median (#1046 of 1524)
No single metric tells the full story. See the FRA:NB9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Bank Holdings Corp offers a full range of banking products and financial services to commercial, business, and consumer clients predominantly in Colorado, with a focus on personalized service through relationship managers and banking center associates. The company provides commercial and industrial loans, non-owner occupied commercial real estate loans, Small Business Administration loans as a Preferred Lender Provider, U.S. Department of Agriculture and Farm Service Agency loans, commercial deposit and treasury management products, business online and mobile banking, consumer and residential real estate loans, deposit services, and trust and wealth management services. Its services emphasize full-relationship banking, integrating lending, deposits, and cash management solutions.
62GF Score
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