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
31,440
With positive equity and balance sheet data
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 |
|---|---|---|---|---|---|---|
| 2001 |
Lotus KFM Bhd
KLSE:8303 |
100.0% |
RM106.95 Million
≈ $26.85 Million |
RM0.00 | Malaysia | Dec 2025 |
| 2002 |
Fiberweb (India) Limited
NSE:FIBERWEB |
100.0% |
Rs1.84 Billion
≈ $19.89 Million |
Rs0.00 | India | Sep 2025 |
| 2003 |
UCrest Bhd
KLSE:0005 |
100.0% |
RM41.85 Million
≈ $10.51 Million |
RM0.00 | Malaysia | Dec 2025 |
| 2004 |
Launch One Acquisition Corp. Unit
NASDAQ:LPAAU |
100.0% | $235.59 Million | $0.00 | USA | Mar 2026 |
| 2005 |
Aeris Resources Ltd
AU:AIS |
100.0% |
AU$452.59 Million
≈ $320.24 Million |
AU$0.00 | Australia | Dec 2025 |
| 2006 |
Cibus Nordic Real Estate AB (publ)
ST:CIBUS |
100.0% |
Skr1.02 Billion
≈ $109.49 Million |
Skr0.00 | Sweden | Jun 2026 |
| 2007 |
MEI Pharma Inc
NASDAQ:MEIP |
100.0% | $16.93 Million | $0.00 | USA | Jun 2025 |
| 2008 |
Arrowmark Financial Corp
NASDAQ:BANX |
100.0% | $171.54 Million | $0.00 | USA | Dec 2025 |
| 2009 |
Willow Biosciences Inc
TO:WLLW |
100.0% |
CA$195.00K
≈ $141.06K |
CA$0.00 | Canada | Sep 2024 |
| 2010 |
Orla Mining Ltd
TO:OLA |
100.0% |
CA$756.96 Million
≈ $547.58 Million |
CA$0.00 | Canada | Mar 2026 |
| 2011 |
Invictus Energy Ltd
AU:IVZ |
100.0% |
AU$134.17 Million
≈ $94.94 Million |
AU$0.00 | Australia | Dec 2025 |
| 2012 |
Paramita Bangun Sarana Tbk PT
JK:PBSA |
100.0% |
Rp768.13 Billion
≈ $45.01 Million |
Rp0.00 | Indonesia | Sep 2025 |
| 2013 |
CENTESSA PHARMACEUTICALS
F:260 |
100.0% |
€487.35 Million
≈ $569.76 Million |
€0.00 | Germany | Mar 2026 |
| 2014 |
Bisi International Tbk
JK:BISI |
100.0% |
Rp3.54 Trillion
≈ $207.63 Million |
Rp0.00 | Indonesia | Mar 2026 |
| 2015 |
Focus Universal Inc
NASDAQ:FCUV |
100.0% | $845.58K | $0.00 | USA | Jun 2025 |
| 2016 |
S F Capital Bhd
KLSE:8745 |
100.0% |
RM61.85 Million
≈ $15.53 Million |
RM0.00 | Malaysia | Mar 2026 |
| 2017 |
Silynxcom Ltd.
NYSE MKT:SYNX |
100.0% | $6.60 Million | $0.00 | USA | Jun 2025 |
| 2018 |
K9 Gold Corp
V:KNC |
100.0% |
CA$6.48 Million
≈ $4.69 Million |
CA$0.00 | Canada | Jun 2024 |
| 2019 |
NVE Corporation
NASDAQ:NVEC |
100.0% | $59.78 Million | $0.00 | USA | Jun 2026 |
| 2020 |
Tigers Realm Coal Ltd
AU:TIG |
100.0% |
AU$65.20 Million
≈ $46.13 Million |
AU$0.00 | Australia | Jun 2024 |
| 2021 |
Kambi Group PLC Series B
IL:0EAW |
100.0% |
Skr171.07 Million
≈ $18.41 Million |
Skr0.00 | UK | Jun 2025 |
| 2022 |
BNY Mellon Strategic Municipals Inc
NYSE:LEO |
100.0% | $419.62 Million | $0.00 | USA | Mar 2026 |
| 2023 |
Aruma Resources Ltd
AU:AAJ |
100.0% |
AU$1.93 Million
≈ $1.36 Million |
AU$0.00 | Australia | Dec 2025 |
| 2024 |
GlucoTrack Inc
NASDAQ:GCTK |
100.0% | $2.83 Million | $0.00 | USA | Dec 2025 |
| 2025 |
Vision Sigma
TA:VISN |
100.0% |
ILA110.53 Million
≈ $296.32K |
ILA0.00 | Israel | Dec 2025 |
| 2026 |
Minaean SP Construction Corp
V:MSP |
100.0% |
CA$762.62K
≈ $551.67K |
CA$0.00 | Canada | Dec 2021 |
| 2027 |
Baumart Holdings Ltd
AU:BMH |
100.0% |
AU$528.93K
≈ $374.25K |
AU$0.00 | Australia | Jun 2025 |
| 2028 |
Wallbridge Mining Company Limited
TO:WM |
100.0% |
CA$290.85 Million
≈ $210.39 Million |
CA$0.00 | Canada | Mar 2026 |
| 2029 |
ReWalk Robotics Ltd
NASDAQ:LFWD |
100.0% | $6.29 Million | $0.00 | USA | Mar 2026 |
| 2030 |
KNEAT.COM INC.
F:FOBK |
100.0% |
€65.02 Million
≈ $76.02 Million |
€0.00 | Germany | Dec 2025 |
| 2031 |
Acdc Metals Ltd
AU:ADC |
100.0% |
AU$10.13 Million
≈ $7.17 Million |
AU$0.00 | Australia | Jun 2025 |
| 2032 |
Benton Resources Inc
V:BEX |
100.0% |
CA$14.41 Million
≈ $10.42 Million |
CA$0.00 | Canada | Dec 2025 |
| 2033 |
Critical Minerals Group Ltd
AU:CMG |
100.0% |
AU$5.23 Million
≈ $3.70 Million |
AU$0.00 | Australia | Jun 2025 |
| 2034 |
NetEase Inc
NASDAQ:NTES |
100.0% | $165.21 Billion | $0.00 | USA | Dec 2025 |
| 2035 |
Neurosense Therapeutics Ltd
NASDAQ:NRSN |
100.0% | $2.58 Million | $0.00 | USA | Dec 2024 |
| 2036 |
Island Pharmaceuticals Ltd
AU:ILA |
100.0% |
AU$7.16 Million
≈ $5.06 Million |
AU$0.00 | Australia | Jun 2025 |
| 2037 |
Aic Mines Ltd
AU:A1M |
100.0% |
AU$279.30 Million
≈ $197.62 Million |
AU$0.00 | Australia | Jun 2025 |
| 2038 |
An-Shin Food Services Co Ltd
TWO:1259 |
100.0% |
NT$3.18 Billion
≈ $100.25 Million |
NT$0.00 | Taiwan | Sep 2025 |
| 2039 |
Taiwan Cooperative Financial Holding Co Ltd
TW:5880 |
100.0% |
NT$258.17 Billion
≈ $8.13 Billion |
NT$0.00 | Taiwan | Jun 2025 |
| 2040 |
Calfrac Well Services Ltd.
TO:CFW |
100.0% |
CA$664.28 Million
≈ $480.53 Million |
CA$0.00 | Canada | Dec 2025 |
| 2041 |
Ictsi Jasa Prima Tbk
JK:KARW |
100.0% |
Rp21.73 Billion
≈ $1.27 Million |
Rp0.00 | Indonesia | Sep 2006 |
| 2042 |
Alcatel Lucent Teletas Telekomunikasyon AS
IS:ALCTL |
100.0% |
TL2.97 Billion
≈ $66.59 Million |
TL0.00 | Turkey | Jun 2025 |
| 2043 |
Topower Co Ltd
TWO:3226 |
100.0% |
NT$1.88 Billion
≈ $59.32 Million |
NT$0.00 | Taiwan | Mar 2026 |
| 2044 |
Pender Growth Fund VCC Inc
V:PTF |
100.0% |
CA$115.40 Million
≈ $83.48 Million |
CA$0.00 | Canada | Dec 2025 |
| 2045 |
Acer Incorporated
F:AC5G |
100.0% |
€75.60 Billion
≈ $88.39 Billion |
€0.00 | Germany | Jun 2025 |
| 2046 |
Tainan Spinning Co Ltd
TW:1440 |
100.0% |
NT$27.77 Billion
≈ $874.88 Million |
NT$0.00 | Taiwan | Sep 2025 |
| 2047 |
Hecla Mining Company
NYSE:HL |
100.0% | $2.68 Billion | $0.00 | USA | Jun 2026 |
| 2048 |
I Jang Industrial Co Ltd
TWO:8342 |
100.0% |
NT$1.14 Billion
≈ $35.88 Million |
NT$0.00 | Taiwan | Mar 2026 |
| 2049 |
MTI Investment SE
ST:MTI |
100.0% |
Skr6.67 Million
≈ $717.68K |
Skr0.00 | Sweden | Jun 2025 |
| 2050 |
Churchill Resources Inc
V:CRI |
100.0% |
CA$5.85 Million
≈ $4.24 Million |
CA$0.00 | Canada | Nov 2025 |
| 2051 |
Shanghai Huili Building Materials Co Ltd
SHG:900939 |
100.0% | $170.52 Million | $0.00 | China | Jun 2025 |
| 2052 |
HPL Electric & Power Limited
NSE:HPL |
100.0% |
Rs10.03 Billion
≈ $108.42 Million |
Rs0.00 | India | Mar 2026 |
| 2053 |
Concord International Securities Co Ltd
TWO:5864 |
100.0% |
NT$8.16 Billion
≈ $257.22 Million |
NT$0.00 | Taiwan | Dec 2025 |
| 2054 |
BioXcel Therapeutics Inc
NASDAQ:BTAI |
100.0% | $5.86 Million | $0.00 | USA | Jun 2023 |
| 2055 |
Chiangmai Rimdoi Public Company Limited
BK:CRD |
100.0% |
฿490.62 Million
≈ $15.29 Million |
฿0.00 | Thailand | Dec 2025 |
| 2056 |
J.Kumar Infraprojects Limited
NSE:JKIL |
100.0% |
Rs33.68 Billion
≈ $364.26 Million |
Rs0.00 | India | Mar 2026 |
| 2057 |
E KOCREF CR REIT
KO:088260 |
100.0% |
₩215.46 Billion
≈ $146.02 Million |
₩0.00 | Korea | Mar 2025 |
| 2058 |
TEKNA HOLDING ASA NK 2
F:8VB |
100.0% |
€54.40 Million
≈ $63.60 Million |
€0.00 | Germany | Mar 2026 |
| 2059 |
Universal Ibogaine Inc
V:IBO |
100.0% |
CA$272.17K
≈ $196.89K |
CA$0.00 | Canada | Apr 2025 |
| 2060 |
Shih Her Technologies
TWO:3551 |
100.0% |
NT$5.10 Billion
≈ $160.55 Million |
NT$0.00 | Taiwan | Mar 2026 |
| 2061 |
Likhitha Infrastructure Limited
NSE:LIKHITHA |
100.0% |
Rs4.12 Billion
≈ $44.51 Million |
Rs0.00 | India | Mar 2026 |
| 2062 |
JLEN Environmental Assets Group Ltd
LSE:JLEN |
100.0% |
GBX655.45 Million
≈ $79.75K |
GBX0.00 | UK | Mar 2026 |
| 2063 |
Norrland Gold Corp
V:NORR |
100.0% |
CA$936.40K
≈ $677.38K |
CA$0.00 | Canada | Jun 2023 |
| 2064 |
Namchow Chemical Industrial Co Ltd
TW:1702 |
100.0% |
NT$15.53 Billion
≈ $489.17 Million |
NT$0.00 | Taiwan | Dec 2025 |
| 2065 |
Otto Energy Ltd
AU:OEL |
100.0% |
AU$34.13 Million
≈ $24.15 Million |
AU$0.00 | Australia | Jun 2025 |
| 2066 |
Nautilus Biotechnology Inc
NASDAQ:NAUT |
100.0% | $169.14 Million | $0.00 | USA | Sep 2025 |
| 2067 |
Novita S.A.
WAR:NVT |
100.0% |
zł138.43 Million
≈ $38.10 Million |
zł0.00 | Poland | Sep 2025 |
| 2068 |
Jubilee Enterprise Public Company Limited
BK:JUBILE |
100.0% |
฿1.77 Billion
≈ $55.21 Million |
฿0.00 | Thailand | Mar 2026 |
| 2069 |
Nusa Raya Cipta Tbk
JK:NRCA |
100.0% |
Rp1.36 Trillion
≈ $79.44 Million |
Rp0.00 | Indonesia | Sep 2025 |
| 2070 |
WINDFALL GEOTEK
F:L7C2 |
100.0% Annual |
€931.56K
≈ $1.09 Million |
€0.00 | Germany | Feb 2024 |
| 2071 |
NEX Metals Exploration Ltd
AU:NME |
100.0% |
AU$663.80K
≈ $469.68K |
AU$0.00 | Australia | Sep 2012 |
| 2072 |
Tombador Iron Ltd
AU:TI1 |
100.0% |
AU$21.69 Million
≈ $15.35 Million |
AU$0.00 | Australia | Dec 2025 |
| 2073 |
SWS Capital Bhd
KLSE:7186 |
100.0% |
RM145.45 Million
≈ $36.52 Million |
RM0.00 | Malaysia | Feb 2026 |
| 2074 |
Saul Centers Inc
NYSE:BFS |
100.0% | $473.47 Million | $0.00 | USA | Mar 2026 |
| 2075 |
Seacera Group Bhd
KLSE:7073 |
100.0% |
RM711.00 Million
≈ $178.51 Million |
RM0.00 | Malaysia | Mar 2026 |
| 2076 |
Vossloh AG
F:VOS |
100.0% |
€911.00 Million
≈ $1.07 Billion |
€0.00 | Germany | Mar 2026 |
| 2077 |
Black Spade Acquisition II Co
NASDAQ:BSII |
100.0% | $152.17 Million | $0.00 | USA | Mar 2025 |
| 2078 |
MPC Energy Solutions NV
OL:MPCES |
100.0% |
Nkr46.76 Million
≈ $4.92 Million |
Nkr0.00 | Norway | Sep 2025 |
| 2079 |
DR.Wu Skincare Co Ltd
TWO:6523 |
100.0% |
NT$1.35 Billion
≈ $42.52 Million |
NT$0.00 | Taiwan | Mar 2026 |
| 2080 |
Northern Arc Capital Ltd
NSE:NORTHARC |
100.0% |
Rs40.62 Billion
≈ $439.29 Million |
Rs0.00 | India | Jun 2026 |
| 2081 |
Creades AB Series A
LSE:0QI9 |
100.0% |
Skr10.68 Billion
≈ $1.15 Billion |
Skr0.00 | UK | Mar 2026 |
| 2082 |
Black Diamond Therapeutics Inc
NASDAQ:BDTX |
100.0% | $96.09 Million | $0.00 | USA | Jun 2026 |
| 2083 |
WIN Metals Ltd
AU:WIN |
100.0% |
AU$20.08 Million
≈ $14.21 Million |
AU$0.00 | Australia | Dec 2025 |
| 2084 |
Zions Bancorporation
NASDAQ:ZION |
100.0% | $6.87 Billion | $0.00 | USA | Sep 2025 |
| 2085 |
Himalaya Shipping Ltd.
NYSE:HSHP |
100.0% | $155.80 Million | $0.00 | USA | Mar 2026 |
| 2086 |
Callinex Mines
V:CNX |
100.0% |
CA$39.79 Million
≈ $28.78 Million |
CA$0.00 | Canada | Jun 2025 |
| 2087 |
Titan Minerals Ltd
AU:TTM |
100.0% |
AU$102.12 Million
≈ $72.26 Million |
AU$0.00 | Australia | Dec 2025 |
| 2088 |
Geodrill Limited
TO:GEO |
100.0% |
CA$117.20 Million
≈ $84.78 Million |
CA$0.00 | Canada | Dec 2025 |
| 2089 |
Kelt Exploration Ltd.
TO:KEL |
100.0% |
CA$1.12 Billion
≈ $808.13 Million |
CA$0.00 | Canada | Sep 2025 |
| 2090 |
San Miguel AG
BA:SAMI |
100.0% |
AR$107.40 Billion
≈ $77.71 Million |
AR$0.00 | Argentina | Dec 2025 |
| 2091 |
Schroder Real Estate Investment Trust Ltd
LSE:SREI |
100.0% |
GBX302.90 Million
≈ $36.85K |
GBX0.00 | UK | Sep 2025 |
| 2092 |
Zilltek Technology Corp
TWO:6679 |
100.0% |
NT$4.82 Billion
≈ $151.75 Million |
NT$0.00 | Taiwan | Jun 2025 |
| 2093 |
Vertex Minerals Ltd
AU:VTX |
100.0% |
AU$25.77 Million
≈ $18.24 Million |
AU$0.00 | Australia | Dec 2025 |
| 2094 |
Gabelli Healthcare & WellnessRx Trust
NYSE:GRX |
100.0% | $158.51 Million | $0.00 | USA | Dec 2025 |
| 2095 |
Taiwan Sanyo Electric Co Ltd
TW:1614 |
100.0% |
NT$5.65 Billion
≈ $177.96 Million |
NT$0.00 | Taiwan | Sep 2025 |
| 2096 |
Almogim Holdings Ltd
TA:ALMA |
100.0% |
ILA377.10 Million
≈ $1.01 Million |
ILA0.00 | Israel | Dec 2025 |
| 2097 |
Wihlborgs Fastigheter AB
ST:WIHL |
100.0% |
Skr24.31 Billion
≈ $2.62 Billion |
Skr0.00 | Sweden | Dec 2025 |
| 2098 |
Gold Rain Enterprises
TWO:4503 |
100.0% |
NT$1.49 Billion
≈ $47.05 Million |
NT$0.00 | Taiwan | Jun 2025 |
| 2099 |
Hua Jung Components Co Ltd
TWO:5328 |
100.0% |
NT$2.11 Billion
≈ $66.36 Million |
NT$0.00 | Taiwan | Mar 2026 |
| 2100 |
Osisko Development Corp
V:ODV |
100.0% |
CA$981.40 Million
≈ $709.93 Million |
CA$0.00 | Canada | Mar 2026 |