NLI HoldingsNL +1.37%67 ROE % is 4.84% as of Mar. 2026, which is 46% below its 10-year median of 8.94. GuruFocus rates NL with a GF Score™ of 67/100 and a GF Value™ of $6.38 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,058 Business Services companies, NLI Holdings ranks worse than 84.31% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. NLI Holdings's annualized net income for the quarter that ended in Mar. 2026 was $17.4 Mil. NLI Holdings's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was $359.0 Mil. Therefore, NLI Holdings's annualized ROE % for the quarter that ended in Mar. 2026 was 4.84%.
The historical rank and industry rank for NLI Holdings's ROE % or its related term are showing as below:
NL'
s ROE % Range Over the Past 10 Years
Min: -13.24 Med: 8.94 Max: 45.24
Current: -9.04
During the past 13 years, NLI Holdings's highest ROE % was 45.24%. The lowest was -13.24%. And the median was 8.94%.
NL's ROE % is ranked worse than 84.31% of 1058
companies
in the Business Services industry
Industry Median: 8.095
vs NL: -9.04
NLI Holdings (NYSE:NL) 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.
NLI Holdings ROE % Related Terms
NLI Holdings ROE % Historical Data
* Premium members only.
The historical data trend for NLI Holdings's ROE % 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.
For the Security & Protection Services subindustry, NLI 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.
NLI Holdings ROE % vs Business Services Industry
For the Business Services industry and Industrials sector, NLI Holdings's ROE % distribution charts can be found below:
* The bar in red indicates where NLI 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.
NLI Holdings (NL) has a ROE % of 4.84% 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 NLI Holdings and its competitors. This is 46% below median its historical median of 8.94. According to the industry distribution chart, NLI Holdings ranks #892 out of 1058 companies in the Business Services industry, placing it in the top 84.3%.
Is NLI Holdings' ROE % too high?
NLI Holdings' current ROE % of 4.84% is 46% below median its 10-year median of 8.94. The Business Services industry median ROE % is 8.10. NLI Holdings' value of 4.84% is 40.2% below this industry median. Based on the distribution chart, NLI Holdings ranks #892 out of 1058 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, NLI Holdings has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NLI Holdings' ROE % compare to CIX and YOOV?
According to the Business Services industry distribution chart, NLI Holdings ranks #892 out of 1058 companies for ROE %. This places NLI Holdings in the lower half of its industry. The industry median ROE % is 8.10. NLI Holdings' value of 4.84% is 40.2% below this benchmark. While the company's 10-year median is 8.94 vs. the industry median of 8.10, NLI 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 Business Services company?
The median ROE % among Business Services companies is 8.10, based on 1,058 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. NLI Holdings's current ROE % of 4.84% is 40.2% 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 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 NLI Holdings and its competitors. For the Business Services industry, the median ROE % is 8.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NLI Holdings's current ROE % is 4.84%, which is 46% below median its own 10-year median of 8.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NLI Holdings stock overvalued right now?
Based on GuruFocus' analysis, NLI Holdings (NL) is currently considered Fairly Valued. The stock's GF Value™ is $6.38, compared to a current price of $5.92 — trading 7.2% below its estimated fair value. The current ROE % is 4.84%, which is 46% below median its 10-year median of 8.94 and 40.2% below the Business Services industry median of 8.10. NLI Holdings' overall GF Score™ is 67/100 with 2 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 NLI Holdings (NL), the current ROE % is 4.84% 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 NLI Holdings (NL) Overvalued in 2026?
Based on GuruFocus' analysis, NLI Holdings stock appears to be undervalued.
The current stock price of $5.92 is trading 7.2% below its estimated GF Value™ of $6.38.
GuruFocus considers NLI Holdings to be Fairly Valued.
Key valuation signals for NL:
ROE %: 4.84% (46% below median its 10-year median of 8.94)
GF Value™: $6.38 vs. price of $5.92 (7.2% below fair value)
Industry Position: 40.2% below the Business Services median (#892 of 1058)
No single metric tells the full story. See the NL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NLI Holdings Inc, formerly known as NL Industries Inc, is a holding company that operates in the component products industry. Through its subsidiary, it manufactures engineered components that are sold to a range of industries, including recreational transportation, postal, office and institutional furniture, cabinetry, tool storage, healthcare, gas stations and vending equipment. It also produces a precision ball bearing slide, security products, and ergonomic computer support systems. The company derives majority of its revenue from Europe.
67GF Score
Get the complete analysis for NL
ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NL has been successfully added to your 
