Companies by Tangible Net Worth Ratio
Proportion of net assets (equity) backed by tangible assets — excludes goodwill and intangible assets
Average Tangible NW Ratio
100.0%
Across companies on this page
Companies with Data
31,123
With positive equity and balance sheet data
Highest Ratio
Hotel Royal Chihpen
100.0%
Tangible Net Worth Ratio = (Net Assets − Intangible Assets) / Net Assets × 100
Measures the quality of equity by removing intangible assets (goodwill, patents, brand value). Companies with 100% have no intangibles in their equity base; companies below 0% have intangibles exceeding their total equity. Only companies with positive net assets are included.
Measures the quality of equity by removing intangible assets (goodwill, patents, brand value). Companies with 100% have no intangibles in their equity base; companies below 0% have intangibles exceeding their total equity. Only companies with positive net assets are included.
| Rank | Company | Tangible NW Ratio | Net Assets | Intangible Assets | Country | As of |
|---|---|---|---|---|---|---|
| 1 |
Hotel Royal Chihpen
TWO:5704 |
100.0% |
NT$542.06 Million
≈ $17.08 Million |
NT$0.00 | Taiwan | Sep 2025 |
| 2 |
Tailwind 2.0 Acquisition Corp. Class A Ordinary Shares
NASDAQ:TDWD |
100.0% | $167.62 Million | $0.00 | USA | Dec 2025 |
| 3 |
MQ Technology Bhd
KLSE:0070 |
100.0% |
RM62.07 Million
≈ $15.58 Million |
RM0.00 | Malaysia | Sep 2025 |
| 4 |
Manitex Capital Inc
V:MNX |
100.0% |
CA$7.21 Million
≈ $5.22 Million |
CA$0.00 | Canada | Jul 2024 |
| 5 |
Abrdn Asia Focus PLC
LSE:AAS |
100.0% |
GBX592.78 Million
≈ $72.12K |
GBX0.00 | UK | Jan 2026 |
| 6 |
Happy Creek Minerals Ltd
V:HPY |
100.0% |
CA$18.72 Million
≈ $13.54 Million |
CA$0.00 | Canada | Oct 2025 |
| 7 |
Praxis Precision Medicines Inc
NASDAQ:PRAX |
100.0% | $1.41 Billion | $0.00 | USA | Mar 2026 |
| 8 |
ArcelorMittal SA ADR
NYSE:MT |
100.0% | $57.21 Billion | $0.00 | USA | Mar 2026 |
| 9 |
ENCE Energía y Celulosa S.A
MC:ENC |
100.0% |
€545.20 Million
≈ $637.40 Million |
€0.00 | Spain | Mar 2026 |
| 10 |
Kenmec Mechanical Engineering Co Ltd
TWO:6125 |
100.0% |
NT$5.77 Billion
≈ $181.85 Million |
NT$0.00 | Taiwan | Sep 2025 |
| 11 |
GCS Holdings
TWO:4991 |
100.0% |
NT$2.98 Billion
≈ $93.93 Million |
NT$0.00 | Taiwan | Sep 2025 |
| 12 |
Bladeranger Ltd
TA:BLRN |
100.0% |
ILA60.60 Million
≈ $162.47K |
ILA0.00 | Israel | Dec 2025 |
| 13 |
Central Securities Corporation
NYSE MKT:CET |
100.0% | $1.79 Billion | $0.00 | USA | Dec 2025 |
| 14 |
Genesis Resources Ltd
AU:GES |
100.0% |
AU$1.00 Million
≈ $711.01K |
AU$0.00 | Australia | Dec 2025 |
| 15 |
Eureka Acquisition Corp Unit
NASDAQ:EURKU |
100.0% | $30.59 Million | $0.00 | USA | Dec 2025 |
| 16 |
Dundas Minerals Ltd
AU:DUN |
100.0% |
AU$2.79 Million
≈ $1.97 Million |
AU$0.00 | Australia | Dec 2025 |
| 17 |
Akanda Corp
NASDAQ:AKAN |
100.0% | $3.30 Million | $0.00 | USA | Sep 2025 |
| 18 |
Nanoform Finland Plc
HE:NANOFH |
100.0% |
€44.58 Million
≈ $52.11 Million |
€0.00 | Finland | Sep 2025 |
| 19 |
Vizsla Silver Corp.
TO:VZLA |
100.0% |
CA$481.65 Million
≈ $348.42 Million |
CA$0.00 | Canada | Jan 2026 |
| 20 |
Verrica Pharmaceuticals Inc
NASDAQ:VRCA |
100.0% | $24.74 Million | $0.00 | USA | Dec 2025 |
| 21 |
Intensity Therapeutics, Inc. Common stock
NASDAQ:INTS |
100.0% | $9.98 Million | $0.00 | USA | Mar 2026 |
| 22 |
Sinopower Semiconductor
TWO:6435 |
100.0% |
NT$2.05 Billion
≈ $64.70 Million |
NT$0.00 | Taiwan | Dec 2025 |
| 23 |
Expeditors International of Washington, Inc.
NASDAQ:EXPD |
100.0% | $2.28 Billion | $0.00 | USA | Sep 2025 |
| 24 |
Global Masters Fund Ltd
AU:GFL |
100.0% |
AU$43.78 Million
≈ $30.98 Million |
AU$0.00 | Australia | Dec 2025 |
| 25 |
Murray International Trust
LSE:MYI |
100.0% |
GBX1.71 Billion
≈ $207.58K |
GBX0.00 | UK | Jun 2025 |
| 26 |
FedEx Corporation
NYSE:FDX |
100.0% | $29.80 Billion | $0.00 | USA | Feb 2026 |
| 27 |
Southern Acids (M) Bhd
KLSE:5134 |
100.0% |
RM868.60 Million
≈ $218.08 Million |
RM0.00 | Malaysia | Dec 2025 |
| 28 |
Himalaya Energi Perkasa Tbk PT
JK:HADE |
100.0% |
Rp8.75 Billion
≈ $512.94K |
Rp0.00 | Indonesia | Jun 2025 |
| 29 |
Braveheart Investment Group
LSE:BRH |
100.0% |
GBX2.33 Million
≈ $283.43 |
GBX0.00 | UK | Mar 2025 |
| 30 |
Ingles Markets Incorporated
NASDAQ:IMKTA |
100.0% | $1.66 Billion | $0.00 | USA | Mar 2026 |
| 31 |
IDACORP Inc
NYSE:IDA |
100.0% | $3.49 Billion | $0.00 | USA | Sep 2025 |
| 32 |
Melbana Energy Ltd
AU:MAY |
100.0% |
AU$55.93 Million
≈ $39.57 Million |
AU$0.00 | Australia | Jun 2025 |
| 33 |
Carlin Gold Corporation
V:CGD |
100.0% |
CA$5.35 Million
≈ $3.87 Million |
CA$0.00 | Canada | Dec 2025 |
| 34 |
Bank of India
NSE:BANKINDIA |
100.0% |
Rs865.70 Billion
≈ $9.36 Billion |
Rs0.00 | India | Dec 2025 |
| 35 |
Lithium South Development Corp
V:LIS |
100.0% |
CA$11.41 Million
≈ $8.26 Million |
CA$0.00 | Canada | Sep 2025 |
| 36 |
Contineum Therapeutics, Inc. Class A Common Stock
NASDAQ:CTNM |
100.0% | $250.04 Million | $0.00 | USA | Mar 2026 |
| 37 |
Berlian Laju Tanker Tbk PT
JK:BLTA |
100.0% |
Rp67.60 Million
≈ $3.96K |
Rp0.00 | Indonesia | Sep 2025 |
| 38 |
Labrador Gold Corp
V:LAB |
100.0% |
CA$24.53 Million
≈ $17.75 Million |
CA$0.00 | Canada | Jun 2025 |
| 39 |
Amkor Technology Inc
NASDAQ:AMKR |
100.0% | $4.57 Billion | $0.00 | USA | Mar 2026 |
| 40 |
Cauldron Energy Ltd
AU:CXU |
100.0% |
AU$1.66 Million
≈ $1.17 Million |
AU$0.00 | Australia | Jun 2025 |
| 41 |
Ependion AB
ST:EPEN |
100.0% |
Skr1.63 Billion
≈ $175.06 Million |
Skr0.00 | Sweden | Dec 2025 |
| 42 |
Odlewnie Polskie SA
WAR:ODL |
100.0% |
zł156.69 Million
≈ $43.12 Million |
zł0.00 | Poland | Sep 2025 |
| 43 |
HAZER Group Ltd
AU:HZR |
100.0% |
AU$13.71 Million
≈ $9.70 Million |
AU$0.00 | Australia | Jun 2025 |
| 44 |
Adriatic Metals Plc
F:3FN |
100.0% |
€157.77 Million
≈ $184.45 Million |
€0.00 | Germany | Jun 2024 |
| 45 |
Infoline Tec Holdings Bhd
KLSE:0253 |
100.0% |
RM57.93 Million
≈ $14.54 Million |
RM0.00 | Malaysia | Sep 2025 |
| 46 |
Hung Sheng Construction Ltd
TW:2534 |
100.0% |
NT$14.94 Billion
≈ $470.68 Million |
NT$0.00 | Taiwan | Sep 2025 |
| 47 |
Edison International
NYSE:EIX |
100.0% | $18.88 Billion | $0.00 | USA | Mar 2026 |
| 48 |
CNA Financial Corporation
NYSE:CNA |
100.0% | $11.32 Billion | $0.00 | USA | Sep 2025 |
| 49 |
Blockchaink2 Corp
V:BITK |
100.0% |
CA$235.93K
≈ $170.67K |
CA$0.00 | Canada | Dec 2023 |
| 50 |
Asara Resources Ltd
AU:AS1 |
100.0% |
AU$51.00 Million
≈ $36.09 Million |
AU$0.00 | Australia | Dec 2025 |
| 51 |
Bikurey Hasade Holdings Ltd
TA:BKRY |
100.0% |
ILA449.63 Million
≈ $1.21 Million |
ILA0.00 | Israel | Dec 2025 |
| 52 |
Tripod Technology Corp
TW:3044 |
100.0% |
NT$44.73 Billion
≈ $1.41 Billion |
NT$0.00 | Taiwan | Jun 2025 |
| 53 |
Kalamazoo Resources Ltd
AU:KZR |
100.0% |
AU$26.78 Million
≈ $18.95 Million |
AU$0.00 | Australia | Dec 2025 |
| 54 |
Kedawung Setia Industrial Tbk
JK:KDSI |
100.0% |
Rp770.60 Billion
≈ $45.15 Million |
Rp0.00 | Indonesia | Jun 2025 |
| 55 |
Sunfon Construction Co Ltd
TWO:5514 |
100.0% |
NT$3.12 Billion
≈ $98.41 Million |
NT$0.00 | Taiwan | Dec 2025 |
| 56 |
Anfield Resources Inc
V:AEC |
100.0% |
CA$50.99 Million
≈ $36.89 Million |
CA$0.00 | Canada | Sep 2025 |
| 57 |
I Yuan Precision Ind Co Ltd
TWO:2235 |
100.0% |
NT$1.22 Billion
≈ $38.47 Million |
NT$0.00 | Taiwan | Sep 2025 |
| 58 |
Thesis Gold Inc
V:TAU |
100.0% |
CA$227.43 Million
≈ $164.52 Million |
CA$0.00 | Canada | Nov 2025 |
| 59 |
Gran Tierra Energy Inc
TO:GTE |
100.0% |
CA$228.74 Million
≈ $165.47 Million |
CA$0.00 | Canada | Dec 2025 |
| 60 |
Ways Technical Ltd
TWO:3508 |
100.0% |
NT$421.66 Million
≈ $13.28 Million |
NT$0.00 | Taiwan | Dec 2025 |
| 61 |
Navkar Corporation Limited
NSE:NAVKARCORP |
100.0% |
Rs19.58 Billion
≈ $211.75 Million |
Rs0.00 | India | Mar 2026 |
| 62 |
Reinsurance Group of America
NYSE:RGA |
100.0% | $13.38 Billion | $0.00 | USA | Mar 2026 |
| 63 |
Frontier Lithium Inc
V:FL |
100.0% |
CA$26.33 Million
≈ $19.04 Million |
CA$0.00 | Canada | Dec 2024 |
| 64 |
Koonenberry Gold Ltd
AU:KNB |
100.0% |
AU$20.68 Million
≈ $14.63 Million |
AU$0.00 | Australia | Dec 2025 |
| 65 |
Noble Mineral Exploration Inc
V:NOB |
100.0% |
CA$10.00 Million
≈ $7.24 Million |
CA$0.00 | Canada | Nov 2025 |
| 66 |
RenaissanceRe Holdings Ltd
F:RRJ |
100.0% |
€18.56 Billion
≈ $21.70 Billion |
€0.00 | Germany | Mar 2026 |
| 67 |
Kim Teck Cheong Consolidated Bhd
KLSE:0180 |
100.0% |
RM247.02 Million
≈ $62.02 Million |
RM0.00 | Malaysia | Sep 2025 |
| 68 |
Ni Hsin Resources Bhd
KLSE:7215 |
100.0% |
RM90.99 Million
≈ $22.84 Million |
RM0.00 | Malaysia | Sep 2025 |
| 69 |
Tower Semiconductor Ltd
TA:TSEM |
100.0% |
ILA2.90 Billion
≈ $7.79 Million |
ILA0.00 | Israel | Dec 2025 |
| 70 |
DINGDONG CAYMAN 2ADR/3 A
F:945 |
100.0% |
€1.18 Billion
≈ $1.38 Billion |
€0.00 | Germany | Dec 2025 |
| 71 |
Moab Minerals Ltd
AU:MOM |
100.0% |
AU$4.36 Million
≈ $3.09 Million |
AU$0.00 | Australia | Dec 2025 |
| 72 |
FDC International Hotels Corp
TW:2748 |
100.0% |
NT$3.04 Billion
≈ $95.73 Million |
NT$0.00 | Taiwan | Dec 2025 |
| 73 |
Baker Steel Resources Trust
LSE:BSRT |
100.0% |
GBX111.11 Million
≈ $13.52K |
GBX0.00 | UK | Jun 2025 |
| 74 |
Patrimoine et Commerce SA
PA:PAT |
100.0% |
€478.76 Million
≈ $559.72 Million |
€0.00 | France | Jun 2025 |
| 75 |
Henderson High Income Trust
LSE:HHI |
100.0% |
GBX327.21 Million
≈ $39.81K |
GBX0.00 | UK | Jun 2025 |
| 76 |
EUROPA MET. LTD POST CONS
F:WRE1 |
100.0% |
€3.38 Million
≈ $3.95 Million |
€0.00 | Germany | Dec 2025 |
| 77 |
OneMedNet Corp.
NASDAQ:ONMD |
100.0% | $19.85 Million | $0.00 | USA | Jun 2023 |
| 78 |
JCY International Bhd
KLSE:5161 |
100.0% |
RM608.58 Million
≈ $152.79 Million |
RM0.00 | Malaysia | Sep 2025 |
| 79 |
Harta Djaya Karya Tbk Pt
JK:MEJA |
100.0% |
Rp63.59 Billion
≈ $3.73 Million |
Rp0.00 | Indonesia | Dec 2025 |
| 80 |
Internet Thailand Public Company Limited
BK:INET |
100.0% |
฿3.49 Billion
≈ $108.82 Million |
฿0.00 | Thailand | Sep 2025 |
| 81 |
Azarga Metals Corp
V:AZR |
100.0% |
CA$993.79K
≈ $718.89K |
CA$0.00 | Canada | Sep 2025 |
| 82 |
Gabelli Global Utility & Income Tr
NYSE MKT:GLU |
100.0% | $134.89 Million | $0.00 | USA | Dec 2025 |
| 83 |
Yao I Fabric Co Ltd
TWO:4430 |
100.0% |
NT$1.73 Billion
≈ $54.54 Million |
NT$0.00 | Taiwan | Dec 2025 |
| 84 |
Patriot Resources Ltd
AU:PAT |
100.0% |
AU$2.99 Million
≈ $2.12 Million |
AU$0.00 | Australia | Jun 2025 |
| 85 |
Immuron Ltd ADR
NASDAQ:IMRN |
100.0% | $13.06 Million | $0.00 | USA | Dec 2025 |
| 86 |
RENN Fund Inc
NYSE MKT:RCG |
100.0% | $19.23 Million | $0.00 | USA | Jun 2025 |
| 87 |
Pikko Land Development Tbk
JK:RODA |
100.0% |
Rp2.05 Trillion
≈ $120.01 Million |
Rp0.00 | Indonesia | Dec 2025 |
| 88 |
LKL International Bhd
KLSE:0182 |
100.0% |
RM104.23 Million
≈ $26.17 Million |
RM0.00 | Malaysia | Oct 2025 |
| 89 |
Beta Systems Software AG
F:SPT6 |
100.0% |
€31.28 Million
≈ $36.57 Million |
€0.00 | Germany | Sep 2025 |
| 90 |
Chow Steel Industries Public Company Limited
BK:CHOW |
100.0% |
฿2.33 Billion
≈ $72.60 Million |
฿0.00 | Thailand | Sep 2025 |
| 91 |
thyssenkrupp AG
F:TKA1 |
100.0% |
€10.30 Billion
≈ $12.04 Billion |
€0.00 | Germany | Dec 2025 |
| 92 |
Step One Clothing Ltd
AU:STP |
100.0% |
AU$38.94 Million
≈ $27.55 Million |
AU$0.00 | Australia | Dec 2025 |
| 93 |
Ancora Indonesia Resources Tbk
JK:OKAS |
100.0% |
Rp62.23 Million
≈ $3.65K |
Rp0.00 | Indonesia | Dec 2025 |
| 94 |
Laxmi Cotspin Limited
NSE:LAXMICOT |
100.0% |
Rs642.09 Million
≈ $6.94 Million |
Rs0.00 | India | Sep 2025 |
| 95 |
Sanko Diecasting (Thailand) Public Company Limited
BK:SANKO |
100.0% |
฿341.48 Million
≈ $10.64 Million |
฿0.00 | Thailand | Sep 2025 |
| 96 |
H&G High Conviction Ltd
AU:HCF |
100.0% |
AU$23.84 Million
≈ $16.87 Million |
AU$0.00 | Australia | Dec 2024 |
| 97 |
NFI Octava SA
WAR:08N |
100.0% |
zł40.86 Million
≈ $11.24 Million |
zł0.00 | Poland | Sep 2025 |
| 98 |
COPT Defense Properties
NYSE:CDP |
100.0% | $1.59 Billion | $0.00 | USA | Dec 2025 |
| 99 |
Jai Corp Limited
NSE:JAICORPLTD |
100.0% |
Rs14.75 Billion
≈ $159.53 Million |
Rs0.00 | India | Sep 2025 |
| 100 |
Batulicin Nusantara Maritim Tbk PT
JK:BESS |
100.0% |
Rp657.72 Billion
≈ $38.54 Million |
Rp0.00 | Indonesia | Sep 2025 |