Companies by Tangible Net Worth Ratio

Proportion of net assets (equity) backed by tangible assets — excludes goodwill and intangible assets

Average Tangible NW Ratio

93.6%
Across companies on this page

Companies with Data

31,240
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.
Rank Company Tangible NW Ratio Net Assets Intangible Assets Country As of
21001 Energy Absolute Public Company Limited
BK:EA 		93.7% ฿34.64 Billion
≈ $1.08 Billion 		฿2.19 Billion Thailand Mar 2026
21002 Suzhou Douson Drilling & Production Equipment Co Ltd
SHG:603800 		93.7% CN¥1.02 Billion
≈ $148.91 Million 		CN¥64.49 Million China Sep 2025
21003 TECO Electric & Machinery Co Ltd
TW:1504 		93.7% NT$94.10 Billion
≈ $2.96 Billion 		NT$5.96 Billion Taiwan Sep 2025
21004 Eneco Refresh Ltd
AU:ERG 		93.7% AU$8.66 Million
≈ $6.13 Million 		AU$549.00K Australia Dec 2025
21005 Shenzhen INVT Electric Co Ltd
SHE:002334 		93.7% CN¥3.06 Billion
≈ $447.64 Million 		CN¥193.99 Million China Mar 2026
21006 Xinjiang Tianrun Dairy Co Ltd
SHG:600419 		93.7% CN¥2.60 Billion
≈ $380.38 Million 		CN¥164.86 Million China Sep 2025
21007 Guangdong Shenglu Telecommunication Tech Co Ltd
SHE:002446 		93.7% CN¥2.55 Billion
≈ $372.75 Million 		CN¥161.57 Million China Mar 2026
21008 Raphas Co. Ltd
KQ:214260 		93.7% ₩32.62 Billion
≈ $22.10 Million 		₩2.07 Billion Korea Sep 2025
21009 Hengli Industrial Development Group Co Ltd
SHE:000622 		93.7% CN¥173.65 Million
≈ $25.41 Million 		CN¥11.02 Million China Sep 2024
21010 Dongbang Ship Machinery Co. Ltd
KQ:099410 		93.7% ₩49.84 Billion
≈ $33.78 Million 		₩3.16 Billion Korea Dec 2025
21011 Shandong Intco Recycling Resources Co Ltd
SHG:688087 		93.7% CN¥2.88 Billion
≈ $421.74 Million 		CN¥182.93 Million China Mar 2026
21012 QuickLogic Corporation
NASDAQ:QUIK 		93.7% $24.26 Million $1.54 Million USA Mar 2026
21013 NICE Information Service Co. Ltd
KQ:030190 		93.7% ₩328.87 Billion
≈ $222.87 Million 		₩20.88 Billion Korea Mar 2023
21014 Banco do Brasil S.A.
SA:BBAS3 		93.6% R$187.15 Billion
≈ $36.72 Billion 		R$11.88 Billion Brazil Sep 2025
21015 Xi an Bright Laser Tech Co Ltd
SHG:688333 		93.6% CN¥4.93 Billion
≈ $721.69 Million 		CN¥313.20 Million China Sep 2025
21016 Welltower Inc
NYSE:WELL 		93.6% $44.93 Billion $2.85 Billion USA Mar 2026
21017 TPI Polene Public Company Limited
BK:TPIPL 		93.6% ฿67.62 Billion
≈ $2.11 Billion 		฿4.30 Billion Thailand Mar 2026
21018 Beijing Xinleineng Technology Co Ltd
SHE:300593 		93.6% CN¥2.46 Billion
≈ $359.65 Million 		CN¥156.17 Million China Mar 2026
21019 Surya Citra Media Tbk
JK:SCMA 		93.6% Rp7.68 Trillion
≈ $449.83 Million 		Rp487.92 Billion Indonesia Jun 2025
21020 Fluoguide AS
ST:FLUO 		93.6% Skr5.95 Million
≈ $639.78K 		Skr378.00K Sweden Jun 2025
21021 BRD Groupe Societe Generale SA
RO:BRD 		93.6% RON10.87 Billion
≈ $2.49 Billion 		RON691.06 Million Romania Mar 2026
21022 Pricol Limited
NSE:PRICOLLTD 		93.6% Rs11.33 Billion
≈ $122.55 Million 		Rs720.70 Million India Sep 2025
21023 Zhejiang Ausun Pharmaceutical Co Ltd
SHG:603229 		93.6% CN¥2.37 Billion
≈ $346.39 Million 		CN¥150.56 Million China Mar 2026
21024 Zhejiang Zhe Kuang Heavy Industry 
SHE:300837 		93.6% CN¥1.51 Billion
≈ $220.56 Million 		CN¥95.91 Million China Mar 2026
21025 Sally Beauty Holdings Inc
NYSE:SBH 		93.6% $823.57 Million $52.41 Million USA Dec 2025
21026 Hefei Jingsong Intelligent Technology Co. Ltd. A
SHG:688251 		93.6% CN¥845.27 Million
≈ $123.69 Million 		CN¥53.83 Million China Mar 2026
21027 J.Pond Precision Technology Co. Ltd. A
SHE:301326 		93.6% CN¥1.44 Billion
≈ $211.15 Million 		CN¥91.93 Million China Mar 2026
21028 SINOPEC Engineering (Group) Co. Ltd
F:1NS 		93.6% €32.04 Billion
≈ $37.46 Billion 		€2.04 Billion Germany Jun 2025
21029 ASM Pacific Technology Limited
F:AY7A 		93.6% €16.42 Billion
≈ $19.20 Billion 		€1.05 Billion Germany Jun 2025
21030 GuangDong Rifeng Electric Cable Co Ltd
SHE:002953 		93.6% CN¥2.24 Billion
≈ $328.13 Million 		CN¥142.89 Million China Mar 2026
21031 Kobay Tech Bhd
KLSE:6971 		93.6% RM379.78 Million
≈ $95.35 Million 		RM24.21 Million Malaysia Sep 2025
21032 China Shengmu Organic Milk Limited
F:7OM 		93.6% €3.81 Billion
≈ $4.45 Billion 		€242.58 Million Germany Dec 2025
21033 Poujoulat S.A.
PA:ALPJT 		93.6% €134.80 Million
≈ $157.60 Million 		€8.60 Million France Sep 2025
21034 Cyient Limited
NSE:CYIENT 		93.6% Rs61.63 Billion
≈ $666.54 Million 		Rs3.93 Billion India Mar 2026
21035 Guangdong Vanward New Electric Co Ltd
SHE:002543 		93.6% CN¥4.83 Billion
≈ $706.97 Million 		CN¥308.39 Million China Mar 2026
21036 Guangdong PAK Corporation Co Ltd
SHE:300625 		93.6% CN¥1.99 Billion
≈ $290.84 Million 		CN¥126.91 Million China Sep 2025
21037 Shinsegae Inte
KO:031430 		93.6% ₩836.52 Billion
≈ $566.90 Million 		₩53.41 Billion Korea Sep 2025
21038 Qingdao Port International Co Ltd
SHG:601298 		93.6% CN¥50.58 Billion
≈ $7.40 Billion 		CN¥3.23 Billion China Dec 2025
21039 Fujian Star Net Communic Ltd
SHE:002396 		93.6% CN¥10.21 Billion
≈ $1.49 Billion 		CN¥652.58 Million China Mar 2026
21040 Nanjing Inform Storage Equip
SHG:603066 		93.6% CN¥1.53 Billion
≈ $224.31 Million 		CN¥97.98 Million China Mar 2026
21041 Zhejiang Wolwo Bio-Pharmaceutical Co Ltd
SHE:300357 		93.6% CN¥2.73 Billion
≈ $399.67 Million 		CN¥174.63 Million China Sep 2025
21042 T-Mobile US Inc
NASDAQ:TMUS 		93.6% $55.87 Billion $3.57 Billion USA Mar 2026
21043 Hai An Transport and Stevedoring JSC
VN:HAH 		93.6% ₫5.39 Trillion
≈ $204.97 Million 		₫345.11 Billion Vietnam Dec 2025
21044 WW Grainger Inc
NYSE:GWW 		93.6% $4.14 Billion $265.00 Million USA Dec 2025
21045 Leo Lithium Ltd
AU:LLL 		93.6% AU$575.27 Million
≈ $407.04 Million 		AU$36.81 Million Australia Dec 2024
21046 BGRIMM Science and Technology Co Ltd
SHG:600980 		93.6% CN¥1.51 Billion
≈ $221.26 Million 		CN¥96.77 Million China Mar 2026
21047 Aydem Yenilenebilir Enerji AS
IS:AYDEM 		93.6% TL36.79 Billion
≈ $824.09 Million 		TL2.35 Billion Turkey Dec 2025
21048 Tonymoly Co Ltd
KO:214420 		93.6% ₩127.18 Billion
≈ $86.19 Million 		₩8.14 Billion Korea Mar 2026
21049 Samsung Electronics Co Ltd
KO:005930 		93.6% ₩413.50 Trillion
≈ $280.22 Billion 		₩26.47 Trillion Korea Sep 2025
21050 Seacoast Banking Corporation of Florida
NASDAQ:SBCF 		93.6% $3.06 Billion $195.70 Million USA Dec 2025
21051 Thai Wah Public Company Limited
BK:TWPC 		93.6% ฿5.74 Billion
≈ $179.06 Million 		฿368.07 Million Thailand Mar 2026
21052 National Petroleum Co Ltd
TW:9937 		93.6% NT$5.82 Billion
≈ $183.47 Million 		NT$373.21 Million Taiwan Dec 2025
21053 Worthington Steel Inc
NYSE:WS 		93.6% $1.36 Billion $87.00 Million USA Feb 2026
21054 Touchstone International Medical Science Co Ltd
SHG:688013 		93.6% CN¥599.62 Million
≈ $87.74 Million 		CN¥38.46 Million China Sep 2025
21055 Hengdian Group Tospo Lighting Co Ltd
SHG:603303 		93.6% CN¥3.28 Billion
≈ $480.13 Million 		CN¥210.43 Million China Mar 2026
21056 Huaneng Lancang River Hydropower Inc Class A
SHG:600025 		93.6% CN¥91.50 Billion
≈ $13.39 Billion 		CN¥5.87 Billion China Mar 2026
21057 Janus Living, Inc.
NYSE:JAN 		93.6% $3.05 Billion $195.51 Million USA Mar 2026
21058 Beijing Beilu Pharmaceutical
SHE:300016 		93.6% CN¥2.37 Billion
≈ $346.66 Million 		CN¥152.07 Million China Sep 2025
21059 One Gas Inc
NYSE:OGS 		93.6% $3.53 Billion $226.36 Million USA Mar 2026
21060 Carlyle Group Inc
NASDAQ:CG 		93.6% $7.37 Billion $473.60 Million USA Mar 2026
21061 Orrstown Financial Services Inc
NASDAQ:ORRF 		93.6% $591.53 Million $37.99 Million USA Dec 2025
21062 Baoye Group Company Limited
F:BKG 		93.6% €13.64 Billion
≈ $15.94 Billion 		€876.45 Million Germany Dec 2025
21063 KG Mobilians Co. Ltd
KQ:046440 		93.6% ₩355.07 Billion
≈ $240.63 Million 		₩22.83 Billion Korea Sep 2025
21064 Unigroup Guoxin Microelectronics Co Ltd
SHE:002049 		93.6% CN¥14.19 Billion
≈ $2.08 Billion 		CN¥912.51 Million China Mar 2026
21065 Far Eastern Department Stores Ltd
TW:2903 		93.6% NT$36.60 Billion
≈ $1.15 Billion 		NT$2.35 Billion Taiwan Mar 2026
21066 Alarum Technologies Ltd.
NASDAQ:ALAR 		93.6% $32.09 Million $2.06 Million USA Dec 2025
21067 Huaiji Dengyun Auto-parts Holding Co Ltd
SHE:002715 		93.6% CN¥465.36 Million
≈ $68.10 Million 		CN¥29.93 Million China Mar 2026
21068 Norsk Titanium AS
OL:NTI 		93.6% Nkr22.96 Million
≈ $2.42 Million 		Nkr1.48 Million Norway Dec 2025
21069 Nutrien Ltd
TO:NTR 		93.6% CA$25.21 Billion
≈ $18.24 Billion 		CA$1.62 Billion Canada Mar 2026
21070 Bank Rakyat Indonesia Agroniaga
JK:AGRO 		93.6% Rp3.50 Trillion
≈ $205.28 Million 		Rp225.46 Billion Indonesia Jun 2025
21071 SThree plc
LSE:STEM 		93.6% GBX235.10 Million
≈ $28.60K 		GBX15.13 Million UK Nov 2025
21072 J&V Energy Tech Co Ltd
TW:6869 		93.6% NT$5.05 Billion
≈ $159.24 Million 		NT$325.47 Million Taiwan Mar 2026
21073 Kratos Defense & Security Solutions
NASDAQ:KTOS 		93.6% $3.41 Billion $219.70 Million USA Mar 2026
21074 Sany Heavy Energy Co. Ltd. A
SHG:688349 		93.6% CN¥14.37 Billion
≈ $2.10 Billion 		CN¥925.74 Million China Mar 2026
21075 Ningbo Fujia Industrial Co Ltd
SHG:603219 		93.6% CN¥1.63 Billion
≈ $238.54 Million 		CN¥105.05 Million China Mar 2026
21076 MI Technovation Bhd
KLSE:5286 		93.6% RM1.08 Billion
≈ $271.30 Million 		RM69.66 Million Malaysia Sep 2025
21077 Qingdao Port International Co. Ltd
F:0QP 		93.6% €50.12 Billion
≈ $58.59 Billion 		€3.23 Billion Germany Dec 2025
21078 GOLFZON Co. Ltd
KQ:215000 		93.6% ₩467.13 Billion
≈ $316.56 Million 		₩30.13 Billion Korea Sep 2025
21079 Zhejiang Xinzhonggang Thermal Power Co Ltd
SHG:605162 		93.6% CN¥1.33 Billion
≈ $194.99 Million 		CN¥85.94 Million China Mar 2026
21080 Argentex Group PLC
LSE:AGFX 		93.5% GBX43.40 Million
≈ $5.28K 		GBX2.80 Million UK Dec 2024
21081 Woory Industrial Co. Ltd
KQ:215360 		93.5% ₩117.52 Billion
≈ $79.64 Million 		₩7.59 Billion Korea Sep 2025
21082 Zhiyang Innovation Technology Co. Ltd. A
SHG:688191 		93.5% CN¥874.89 Million
≈ $128.02 Million 		CN¥56.48 Million China Sep 2025
21083 ICL Israel Chemicals Ltd
TA:ICL 		93.5% ILA6.24 Billion
≈ $16.74 Million 		ILA403.00 Million Israel Dec 2025
21084 Fibocom Wireless Inc
SHE:300638 		93.5% CN¥6.26 Billion
≈ $915.89 Million 		CN¥404.10 Million China Mar 2026
21085 Chongqing Zaisheng Tech Corp
SHG:603601 		93.5% CN¥2.32 Billion
≈ $339.99 Million 		CN¥150.02 Million China Sep 2025
21086 Spruce Power Holding Corp
NYSE:SPRU 		93.5% $121.25 Million $7.83 Million USA Dec 2025
21087 META WOLF AG INH O.N.
F:WOLF 		93.5% €75.11 Million
≈ $87.81 Million 		€4.85 Million Germany Jun 2025
21088 GoTo Gojek Tokopedia PT
JK:GOTO 		93.5% Rp29.10 Trillion
≈ $1.71 Billion 		Rp1.88 Trillion Indonesia Sep 2025
21089 DGB Asia Bhd
KLSE:0152 		93.5% RM124.21 Million
≈ $31.19 Million 		RM8.03 Million Malaysia Sep 2025
21090 TPI Composites Inc
NASDAQ:TPIC 		93.5% $50.49 Million $3.26 Million USA Dec 2022
21091 Per Aarsleff Holding A/S
CO:PAAL-B 		93.5% Dkr5.71 Billion
≈ $893.53 Million 		Dkr369.00 Million Denmark Dec 2025
21092 Zhengye Biotechnology Holding Limited Ordinary Shares
NASDAQ:ZYBT 		93.5% $352.54 Million $22.78 Million USA Jun 2025
21093 Uni-President Enterprises Corp
TW:1216 		93.5% NT$223.71 Billion
≈ $7.05 Billion 		NT$14.46 Billion Taiwan Mar 2026
21094 Hangzhou Great Star Industrial Co Ltd
SHE:002444 		93.5% CN¥19.24 Billion
≈ $2.81 Billion 		CN¥1.24 Billion China Sep 2025
21095 Watsco Inc
NYSE:WSO-B 		93.5% $3.21 Billion $207.90 Million USA Mar 2026
21096 Watsco Inc
NYSE:WSO 		93.5% $3.21 Billion $207.90 Million USA Mar 2026
21097 Aware Inc
NASDAQ:AWRE 		93.5% $22.89 Million $1.48 Million USA Mar 2026
21098 Heren Health Co Ltd
SHE:300550 		93.5% CN¥1.17 Billion
≈ $171.36 Million 		CN¥75.75 Million China Mar 2026
21099 Dynamatic Technologies Limited
NSE:DYNAMATECH 		93.5% Rs7.65 Billion
≈ $82.73 Million 		Rs494.80 Million India Sep 2025
21100 Hangzhou Haoyue Personal Care Co Ltd
SHG:605009 		93.5% CN¥3.39 Billion
≈ $495.46 Million 		CN¥219.01 Million China Sep 2025