TransnationalNSA:TRCNP -6.86%87 ROE % is 36.48% as of Mar. 2026, which is 220% above its 10-year median of 11.41. GuruFocus rates NSA:TRCNP with a GF Score™ of 87/100 and a GF Value™ of ₦89.08 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 433 Utilities - Independent Power Producers companies, Transnational ranks better than 97.23% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Transnational's annualized net income for the quarter that ended in Mar. 2026 was ₦87,816 Mil. Transnational's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₦240,718 Mil. Therefore, Transnational's annualized ROE % for the quarter that ended in Mar. 2026 was 36.48%.
The historical rank and industry rank for Transnational's ROE % or its related term are showing as below:
NSA:TRCNP'
s ROE % Range Over the Past 10 Years
Min: -1.74 Med: 11.41 Max: 45.85
Current: 41.63
During the past 13 years, Transnational's highest ROE % was 45.85%. The lowest was -1.74%. And the median was 11.41%.
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.
Transnational ROE % Related Terms
Transnational ROE % Historical Data
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The historical data trend for Transnational'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 Utilities - Independent Power Producers subindustry, Transnational'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.
Transnational ROE % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Transnational's ROE % distribution charts can be found below:
* The bar in red indicates where Transnational'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.
Transnational (NSA:TRCNP) has a ROE % of 36.48% 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 Transnational and its competitors. This is 220% above median its historical median of 11.41. According to the industry distribution chart, Transnational ranks #12 out of 433 companies in the Utilities - Independent Power Producers industry, placing it in the top 2.8%.
Is Transnational's ROE % too high?
Transnational's current ROE % of 36.48% is 220% above median its 10-year median of 11.41. The Utilities - Independent Power Producers industry median ROE % is 3.80. Transnational's value of 36.48% is 860% above this industry median. Based on the distribution chart, Transnational ranks #12 out of 433 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Transnational has a GF Score™ of 87/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Transnational's ROE % compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Transnational ranks #12 out of 433 companies for ROE %. This places Transnational in the top 3% of its industry — outperforming the majority of peers. The industry median ROE % is 3.80. Transnational's value of 36.48% is 860% above this benchmark. While the company's 10-year median is 11.41 vs. the industry median of 3.80, Transnational has consistently been above 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 an Utilities - Independent Power Producers company?
The median ROE % among Utilities - Independent Power Producers companies is 3.80, based on 433 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. Transnational's current ROE % of 36.48% is 860% 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 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 Transnational and its competitors. For the Utilities - Independent Power Producers industry, the median ROE % is 3.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Transnational's current ROE % is 36.48%, which is 220% above median its own 10-year median of 11.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Transnational stock overvalued right now?
Based on GuruFocus' analysis, Transnational (NSA:TRCNP) is currently considered Significantly Undervalued. The stock's GF Value™ is ₦89.08, compared to a current price of ₦40.05 — trading 55% below its estimated fair value. The current ROE % is 36.48%, which is 220% above median its 10-year median of 11.41 and 860% above the Utilities - Independent Power Producers industry median of 3.80. Transnational's overall GF Score™ is 87/100 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 Transnational (NSA:TRCNP), the current ROE % is 36.48% 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 Transnational (NSA:TRCNP) Overvalued in 2026?
Based on GuruFocus' analysis, Transnational stock appears to be undervalued.
The current stock price of ₦40.05 is trading 55% below its estimated GF Value™ of ₦89.08.
GuruFocus considers Transnational to be Significantly Undervalued.
Key valuation signals for NSA:TRCNP:
ROE %: 36.48% (220% above median its 10-year median of 11.41)
GF Value™: ₦89.08 vs. price of ₦40.05 (55% below fair value)
Industry Position: 860% above the Utilities - Independent Power Producers median (#12 of 433)
No single metric tells the full story. See the NSA:TRCNP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Transnational Corp PLC is a diversified conglomerate. Its business segments are Power, Oil and Gas, Hospitality, Corporate Centre, and Agro-allied. The group generates the majority of the revenue from the Power segment. In the Power segment, the company through its subsidiary, is engaged in the generation of electric power. The group provides hospitality services to the customers in the Hospitality segment. Oil and Gas segment includes exploration, refining, and marketing of petroleum products, and in the Agro-Allied segment, the group processes fruit concentrates from fruits. The Corporate Centre segment is the parent Company, Transnational Corporation of Nigeria Plc, and the other non-operational subsidiaries.
87GF Score
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