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
31,564
With positive equity and balance sheet data
Highest Ratio
Fuse Cobalt Inc
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 |
Fuse Cobalt Inc
V:FUSE |
100.0% |
CA$5.25 Million
≈ $3.80 Million |
CA$0.00 | Canada | Sep 2024 |
| 2 |
GSR V Acquisition Corp. Class A ordinary shares
NASDAQ:GSRV |
100.0% | $223.55 Million | $0.00 | USA | Jun 2026 |
| 3 |
Machvision Inc
TW:3563 |
100.0% |
NT$5.34 Billion
≈ $168.27 Million |
NT$0.00 | Taiwan | Mar 2026 |
| 4 |
Taiwan IC Packaging
TWO:3372 |
100.0% |
NT$1.48 Billion
≈ $46.75 Million |
NT$0.00 | Taiwan | Jun 2026 |
| 5 |
Evergy, Inc.
NASDAQ:EVRG |
100.0% | $10.21 Billion | $0.00 | USA | Mar 2026 |
| 6 |
Strategic Minerals Plc
LSE:SML |
100.0% |
GBX7.10 Million
≈ $864.35 |
GBX0.00 | UK | Dec 2025 |
| 7 |
Anson Resources Limited
F:9MY |
100.0% |
€48.95 Million
≈ $57.23 Million |
€0.00 | Germany | Jun 2025 |
| 8 |
Slate Grocery REIT
TO:SGR-UN |
100.0% |
CA$836.15 Million
≈ $604.86 Million |
CA$0.00 | Canada | Dec 2025 |
| 9 |
Assembly Biosciences Inc
NASDAQ:ASMB |
100.0% | $305.65 Million | $0.00 | USA | Jun 2026 |
| 10 |
Mustang Bio Inc
NASDAQ:MBIO |
100.0% | $7.54 Million | $0.00 | USA | Jun 2026 |
| 11 |
Bekasi Fajar Industrial Estate
JK:BEST |
100.0% |
Rp4.41 Trillion
≈ $258.23 Million |
Rp0.00 | Indonesia | Sep 2025 |
| 12 |
GRI Bio Inc.
NASDAQ:GRI |
100.0% | $10.28 Million | $0.00 | USA | Jun 2026 |
| 13 |
Sparebank 68 Grader Nord
OL:SB68 |
100.0% |
Nkr1.64 Billion
≈ $172.55 Million |
Nkr0.00 | Norway | Dec 2025 |
| 14 |
LanzaTech Global Inc.
NASDAQ:LNZA |
100.0% | $48.06 Million | $0.00 | USA | Mar 2026 |
| 15 |
Petros Petropoulos AEBE
AT:PETRO |
100.0% |
€51.11 Million
≈ $59.75 Million |
€0.00 | Greece | Jun 2024 |
| 16 |
Man Infraconstruction Limited
NSE:MANINFRA |
100.0% |
Rs22.12 Billion
≈ $239.23 Million |
Rs0.00 | India | Sep 2025 |
| 17 |
Ellington Residential Mortgage
NYSE:EARN |
100.0% | $320.10 Million | $0.00 | USA | Mar 2026 |
| 18 |
Mask Investments Limited
NSE:MASKINVEST |
100.0% |
Rs609.18 Million
≈ $6.59 Million |
Rs0.00 | India | Mar 2026 |
| 19 |
GBK Beteiligungen AG
HM:GBQ |
100.0% Annual |
€50.24 Million
≈ $58.74 Million |
€0.00 | Germany | Dec 2024 |
| 20 |
Thai Film Industries Public Company Limited
BK:TFI |
100.0% |
฿1.68 Billion
≈ $52.36 Million |
฿0.00 | Thailand | Mar 2026 |
| 21 |
2CUREX AB SEK-10
F:2QE |
100.0% |
€626.00K
≈ $731.86K |
€0.00 | Germany | Jun 2025 |
| 22 |
Crookes Brothers Ltd
JSE:CKS |
100.0% |
ZAC811.63 Million
≈ $431.34K |
ZAC0.00 | South Africa | Mar 2026 |
| 23 |
Trivium Real Estate Socimi SA
MC:YTRI |
100.0% |
€192.61 Million
≈ $225.18 Million |
€0.00 | Spain | Dec 2024 |
| 24 |
Touchstone Exploration Inc
TO:TXP |
100.0% |
CA$71.60 Million
≈ $51.79 Million |
CA$0.00 | Canada | Sep 2025 |
| 25 |
Renegade Exploration Ltd
AU:RNX |
100.0% |
AU$5.35 Million
≈ $3.78 Million |
AU$0.00 | Australia | Dec 2025 |
| 26 |
Mangold Fondkommission AB
ST:MANG |
100.0% |
Skr234.30 Million
≈ $25.21 Million |
Skr0.00 | Sweden | Dec 2025 |
| 27 |
MOL Nyrt.
BUD:MOL |
100.0% |
Ft4.46 Trillion
≈ $13.84 Billion |
Ft0.00 | Hungary | Jun 2026 |
| 28 |
Cross Timbers Royalty Trust
NYSE:CRT |
100.0% | $2.13 Million | $0.00 | USA | Mar 2026 |
| 29 |
180 Degree Capital Corp
NASDAQ:TURN |
100.0% | $48.03 Million | $0.00 | USA | Jun 2025 |
| 30 |
NEXE Innovations Inc
V:NEXE |
100.0% |
CA$29.19 Million
≈ $21.12 Million |
CA$0.00 | Canada | Nov 2025 |
| 31 |
Diamondrock Hospitality Company Common Stock
NYSE:DRH |
100.0% | $1.45 Billion | $0.00 | USA | Mar 2026 |
| 32 |
Chesapeake Gold Corp.
V:CKG |
100.0% |
CA$154.78 Million
≈ $111.97 Million |
CA$0.00 | Canada | Dec 2025 |
| 33 |
Prominence Energy Ltd
AU:PRM |
100.0% |
AU$6.33 Million
≈ $4.48 Million |
AU$0.00 | Australia | Dec 2025 |
| 34 |
Safestore Holdings Plc
LSE:SAFE |
100.0% |
GBX2.29 Billion
≈ $278.43K |
GBX0.00 | UK | Oct 2025 |
| 35 |
Adata Technology Co Ltd
TWO:3260 |
100.0% |
NT$17.89 Billion
≈ $563.66 Million |
NT$0.00 | Taiwan | Jun 2025 |
| 36 |
KARO INVEST a.s.
PR:KARIN |
100.0% Annual |
Kč344.30 Million
≈ $16.51 Million |
Kč0.00 | Czech Republic | Dec 2022 |
| 37 |
Focus Lumber Bhd
KLSE:5197 |
100.0% |
RM130.37 Million
≈ $32.73 Million |
RM0.00 | Malaysia | Jun 2026 |
| 38 |
Vestland Berhad
KLSE:0273 |
100.0% |
RM247.05 Million
≈ $62.03 Million |
RM0.00 | Malaysia | Jun 2026 |
| 39 |
Podak Co Ltd
TWO:3537 |
100.0% |
NT$1.19 Billion
≈ $37.64 Million |
NT$0.00 | Taiwan | Sep 2025 |
| 40 |
China Bicycle Co Holdings Ltd
SHE:000017 |
100.0% |
CN¥409.66 Million
≈ $59.95 Million |
CN¥0.00 | China | Jun 2026 |
| 41 |
Numulae Gestion de Servicios SOCIMI SA
MC:YNUM |
100.0% |
€18.24 Million
≈ $21.32 Million |
€0.00 | Spain | Jun 2024 |
| 42 |
Bedmutha Industries Limited
NSE:BEDMUTHA |
100.0% |
Rs1.52 Billion
≈ $16.41 Million |
Rs0.00 | India | Mar 2026 |
| 43 |
Stakeholder Gold Corp
V:SRC |
100.0% |
CA$3.14 Million
≈ $2.27 Million |
CA$0.00 | Canada | Sep 2025 |
| 44 |
Jaya Trishindo Tbk PT
JK:HELI |
100.0% |
Rp91.73 Billion
≈ $5.38 Million |
Rp0.00 | Indonesia | Jun 2026 |
| 45 |
PT Indo Boga Sukses Tbk
JK:IBOS |
100.0% |
Rp344.08 Billion
≈ $20.16 Million |
Rp0.00 | Indonesia | Dec 2025 |
| 46 |
Max Zipper Co Ltd
TWO:8932 |
100.0% |
NT$2.56 Billion
≈ $80.72 Million |
NT$0.00 | Taiwan | Mar 2026 |
| 47 |
OCEAN-GEOLOOP AS NK -01
F:FQ4 |
100.0% |
€154.73 Million
≈ $180.89 Million |
€0.00 | Germany | Jun 2025 |
| 48 |
St Barbara Limited
F:BM1 |
100.0% |
€349.29 Million
≈ $408.36 Million |
€0.00 | Germany | Jun 2024 |
| 49 |
Ashoka India Equity Investment Trust PLC
LSE:AIE |
100.0% |
GBX476.15 Million
≈ $57.93K |
GBX0.00 | UK | Jun 2025 |
| 50 |
Melcor Developments Ltd.
TO:MRD |
100.0% |
CA$1.25 Billion
≈ $901.23 Million |
CA$0.00 | Canada | Sep 2025 |
| 51 |
Zamet Industry SA
WAR:ZMT |
100.0% |
zł102.16 Million
≈ $28.12 Million |
zł0.00 | Poland | Sep 2025 |
| 52 |
Antelope Enterprise Holdings Ltd
NASDAQ:AEHL |
100.0% | $191.48 Million | $0.00 | USA | Dec 2025 |
| 53 |
KAISER REEF LTD.
F:7YR |
100.0% |
€24.10 Million
≈ $28.17 Million |
€0.00 | Germany | Jun 2024 |
| 54 |
Falcon Machine Tools Co Ltd
TWO:4513 |
100.0% |
NT$1.15 Billion
≈ $36.25 Million |
NT$0.00 | Taiwan | Dec 2025 |
| 55 |
SOL GLOBAL INVESTM. CORP
F:9SB |
100.0% |
€6.50 Million
≈ $7.60 Million |
€0.00 | Germany | Aug 2025 |
| 56 |
Pieridae Energy Ltd
TO:PEA |
100.0% |
CA$133.05 Million
≈ $96.25 Million |
CA$0.00 | Canada | Mar 2025 |
| 57 |
Urban Jakarta Propertindo Tbk PT
JK:URBN |
100.0% |
Rp2.05 Trillion
≈ $120.39 Million |
Rp0.00 | Indonesia | Mar 2025 |
| 58 |
Granada Gold Mine Inc
V:GGM |
100.0% |
CA$685.40K
≈ $495.81K |
CA$0.00 | Canada | Sep 2013 |
| 59 |
Mistral Patrimonio Inmobiliario SOCIMI SA
MC:YMPI |
100.0% |
€7.60 Million
≈ $8.89 Million |
€0.00 | Spain | Dec 2024 |
| 60 |
S&P Syndicate Public Company Limited
BK:SNP |
100.0% |
฿2.62 Billion
≈ $81.74 Million |
฿0.00 | Thailand | Mar 2026 |
| 61 |
Dynex Capital Inc
NYSE:DX |
100.0% | $2.72 Billion | $0.00 | USA | Mar 2026 |
| 62 |
Red Metal Ltd
AU:RDM |
100.0% |
AU$36.23 Million
≈ $25.64 Million |
AU$0.00 | Australia | Dec 2025 |
| 63 |
Infomedia Press Limited
NSE:INFOMEDIA |
100.0% |
Rs99.27 Million
≈ $1.07 Million |
Rs0.00 | India | Sep 2012 |
| 64 |
TNF Pharmaceuticals, Inc.
NASDAQ:TNFA |
100.0% | $11.60 Million | $0.00 | USA | Jun 2025 |
| 65 |
New World Resources Ltd
AU:NWC |
100.0% |
AU$76.84 Million
≈ $54.37 Million |
AU$0.00 | Australia | Dec 2024 |
| 66 |
SKB Shutters Corporation Bhd
KLSE:7115 |
100.0% |
RM193.27 Million
≈ $48.52 Million |
RM0.00 | Malaysia | Jun 2026 |
| 67 |
Qudian Inc
F:1QU |
100.0% |
€11.63 Billion
≈ $13.60 Billion |
€0.00 | Germany | Dec 2025 |
| 68 |
Hong Kong Land Holdings Ltd
LSE:HKLB |
100.0% | $29.76 Billion | $0.00 | UK | Jun 2025 |
| 69 |
Pearl Diver Credit Company Inc.
NYSE:PDCC |
100.0% | $98.55 Million | $0.00 | USA | Dec 2025 |
| 70 |
STAAR Surgical Company
NASDAQ:STAA |
100.0% | $365.40 Million | $0.00 | USA | Jun 2026 |
| 71 |
WIN Semiconductors
TWO:3105 |
100.0% |
NT$44.25 Billion
≈ $1.39 Billion |
NT$0.00 | Taiwan | Jun 2026 |
| 72 |
Regulus Resources Inc
V:REG |
100.0% |
CA$64.33 Million
≈ $46.54 Million |
CA$0.00 | Canada | Mar 2026 |
| 73 |
Biostar Microtech International Corp
TW:2399 |
100.0% |
NT$2.46 Billion
≈ $77.59 Million |
NT$0.00 | Taiwan | Mar 2026 |
| 74 |
Condor Energies Inc.
TO:CDR |
100.0% |
CA$22.04 Million
≈ $15.94 Million |
CA$0.00 | Canada | Mar 2026 |
| 75 |
Nico Resources Ltd
AU:NC1 |
100.0% |
AU$17.95 Million
≈ $12.70 Million |
AU$0.00 | Australia | Dec 2025 |
| 76 |
Citrus Plant5-L
TA:CTPL5 |
100.0% |
ILA107.97 Million
≈ $289.48K |
ILA0.00 | Israel | Dec 2025 |
| 77 |
Cosmo Metals Ltd
AU:CMO |
100.0% |
AU$12.84 Million
≈ $9.08 Million |
AU$0.00 | Australia | Dec 2025 |
| 78 |
Inventus Mining Corp
V:IVS |
100.0% |
CA$136.80K
≈ $98.96K |
CA$0.00 | Canada | Sep 2025 |
| 79 |
Oblong Inc
NASDAQ:OBLG |
100.0% | $9.82 Million | $0.00 | USA | Sep 2025 |
| 80 |
Alterity Therapeutics Limited
F:PBN |
100.0% |
€54.27 Million
≈ $63.44 Million |
€0.00 | Germany | Dec 2025 |
| 81 |
Kvutzat Acro Ltd.
TA:ACRO |
100.0% |
ILA2.46 Billion
≈ $6.60 Million |
ILA0.00 | Israel | Dec 2025 |
| 82 |
Manchester and London Investment Trust plc
LSE:MNL |
100.0% |
GBX449.33 Million
≈ $54.67K |
GBX0.00 | UK | Jul 2026 |
| 83 |
Gabungan AQRS Bhd
KLSE:5226 |
100.0% |
RM505.80 Million
≈ $126.99 Million |
RM0.00 | Malaysia | Dec 2025 |
| 84 |
Wanhwa Enterprise Co
TW:2701 |
100.0% |
NT$8.21 Billion
≈ $258.70 Million |
NT$0.00 | Taiwan | Sep 2025 |
| 85 |
Shanti Overseas (India) Limited
NSE:SHANTI |
100.0% |
Rs115.45 Million
≈ $1.25 Million |
Rs0.00 | India | Sep 2025 |
| 86 |
Northwest Copper Corp
V:NWST |
100.0% |
CA$500.32K
≈ $361.93K |
CA$0.00 | Canada | Dec 2025 |
| 87 |
Unico Silver Ltd
AU:USL |
100.0% |
AU$10.76 Million
≈ $7.61 Million |
AU$0.00 | Australia | Jun 2025 |
| 88 |
ArcelorMittal SA
MC:MTS |
100.0% |
€57.21 Billion
≈ $66.89 Billion |
€0.00 | Spain | Mar 2026 |
| 89 |
Vital Metals Ltd
AU:VML |
100.0% |
AU$64.48 Million
≈ $45.62 Million |
AU$0.00 | Australia | Dec 2025 |
| 90 |
Astra Exploration Inc
V:ASTR |
100.0% |
CA$4.08 Million
≈ $2.95 Million |
CA$0.00 | Canada | Dec 2025 |
| 91 |
Ucommune International Ltd
NASDAQ:UKOMW |
100.0% | $143.24 Million | $0.00 | USA | Mar 2025 |
| 92 |
Frontera Energy Corp
TO:FEC |
100.0% |
CA$573.97 Million
≈ $415.20 Million |
CA$0.00 | Canada | Mar 2026 |
| 93 |
Amanah Leasing Public Company Limited
BK:AMANAH |
100.0% |
฿1.66 Billion
≈ $51.76 Million |
฿0.00 | Thailand | Jun 2026 |
| 94 |
Agora S.A.
WAR:AGO |
100.0% |
zł669.97 Million
≈ $184.39 Million |
zł0.00 | Poland | Sep 2025 |
| 95 |
Eaton Vance Municipal Income Term Closed Fund
NYSE:ETX |
100.0% | $201.26 Million | $0.00 | USA | Jan 2026 |
| 96 |
Eversendai Corporation Bhd
KLSE:5205 |
100.0% |
RM371.90 Million
≈ $93.37 Million |
RM0.00 | Malaysia | Mar 2026 |
| 97 |
Allot Communications Ltd
TA:ALLT |
100.0% |
ILA113.35 Million
≈ $303.89K |
ILA0.00 | Israel | Dec 2025 |
| 98 |
Q32 Bio Inc
NASDAQ:QTTB |
100.0% | $105.91 Million | $0.00 | USA | Jun 2026 |
| 99 |
Riverside Resources Inc
V:RRI |
100.0% |
CA$9.81 Million
≈ $7.10 Million |
CA$0.00 | Canada | Sep 2025 |
| 100 |
YESASIA HOLDINGS LTD
F:4CM |
100.0% |
€80.06 Million
≈ $93.59 Million |
€0.00 | Germany | Dec 2025 |