Companies by Tangible Net Worth Ratio

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

Average Tangible NW Ratio

90.3%
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
22901 Zhejiang Tianzhen Technology Co. Ltd. A
SHE:301356 		90.4% CN¥2.99 Billion
≈ $437.46 Million 		CN¥286.99 Million China Mar 2026
22902 Baiyang Aquatic Group Inc
SHE:002696 		90.4% CN¥1.47 Billion
≈ $214.98 Million 		CN¥141.06 Million China Mar 2026
22903 Genusplus Group Ltd
AU:GNP 		90.4% AU$159.78 Million
≈ $113.05 Million 		AU$15.35 Million Australia Jun 2025
22904 Stride Inc
NYSE:LRN 		90.4% $1.64 Billion $157.74 Million USA Mar 2026
22905 Kesko Oyj
HE:KESKOA 		90.4% €2.52 Billion
≈ $2.95 Billion 		€242.60 Million Finland Jun 2025
22906 JA Solar Technology Co Ltd
SHE:002459 		90.4% CN¥21.39 Billion
≈ $3.13 Billion 		CN¥2.06 Billion China Mar 2026
22907 Armada Hoffler Properties, Inc.
NYSE:AHRT 		90.4% $760.18 Million $73.11 Million USA Mar 2026
22908 Armada Hflr Pr
NYSE:AHH 		90.4% $760.18 Million $73.11 Million USA Mar 2026
22909 Materialise NV
NASDAQ:MTLS 		90.4% $255.59 Million $24.59 Million USA Mar 2026
22910 Bourse Direct SA
PA:BSD 		90.4% €88.74 Million
≈ $103.75 Million 		€8.54 Million France Dec 2025
22911 Hove AS
CO:HOVE 		90.4% Dkr87.16 Million
≈ $13.64 Million 		Dkr8.39 Million Denmark Dec 2025
22912 ZTO Express (Cayman) Inc
F:ZTOA 		90.4% €65.37 Billion
≈ $76.42 Billion 		€6.29 Billion Germany Sep 2025
22913 Ningbo Shanshan Co Ltd
SHG:600884 		90.4% CN¥23.54 Billion
≈ $3.44 Billion 		CN¥2.27 Billion China Mar 2026
22914 NINGBO SHANSHAN GDR/A
F:OJ8 		90.4% €23.54 Billion
≈ $27.52 Billion 		€2.27 Billion Germany Mar 2026
22915 Prakash Industries Limited
NSE:PRAKASH 		90.4% Rs34.29 Billion
≈ $370.82 Million 		Rs3.30 Billion India Sep 2025
22916 HuBei SanFeng Intelligent Conveying Equipment Co Ltd
SHE:300276 		90.4% CN¥1.77 Billion
≈ $259.63 Million 		CN¥170.81 Million China Mar 2026
22917 Fullink Technology Co. LTD.
SHE:301067 		90.4% CN¥769.36 Million
≈ $112.58 Million 		CN¥74.09 Million China Mar 2026
22918 CHINA RISUN GROUP HD-10
F:45Y 		90.4% €15.08 Billion
≈ $17.63 Billion 		€1.45 Billion Germany Dec 2025
22919 Shenzhen Jinxinnong Feed Co Ltd
SHE:002548 		90.4% CN¥1.09 Billion
≈ $159.75 Million 		CN¥105.22 Million China Mar 2026
22920 CGN Power Co Ltd
F:94C 		90.4% €176.21 Billion
≈ $206.01 Billion 		€16.98 Billion Germany Dec 2025
22921 INTESA SANPAOLO ADR/6
F:IESJ 		90.4% €65.38 Billion
≈ $76.43 Billion 		€6.30 Billion Germany Dec 2025
22922 Shanghai Pudong Road & Bridge Construction Co Ltd
SHG:600284 		90.4% CN¥8.01 Billion
≈ $1.17 Billion 		CN¥772.16 Million China Sep 2025
22923 Huaneng Power International Inc
F:HUP1 		90.3% €207.01 Billion
≈ $242.01 Billion 		€19.98 Billion Germany Mar 2026
22924 Workday Inc
NASDAQ:WDAY 		90.3% $6.68 Billion $645.00 Million USA Apr 2026
22925 International Personal Finance PLC
LSE:IPF 		90.3% GBX546.00 Million
≈ $66.43K 		GBX52.70 Million UK Dec 2025
22926 Shanxi Antai Group Co Ltd
SHG:600408 		90.3% CN¥1.41 Billion
≈ $206.92 Million 		CN¥136.55 Million China Sep 2025
22927 Banco Bradesco DRC
BA:BBD 		90.3% AR$176.14 Billion
≈ $127.46 Million 		AR$17.01 Billion Argentina Sep 2025
22928 TX Group AG
SW:TXGN 		90.3% CHF2.50 Billion
≈ $3.16 Billion 		CHF241.30 Million Switzerland Jun 2025
22929 Vienna Insurance Group AG
VI:VIG 		90.3% €7.33 Billion
≈ $8.57 Billion 		€708.35 Million Austria Dec 2025
22930 Econframe Bhd
KLSE:0227 		90.3% RM125.16 Million
≈ $31.42 Million 		RM12.10 Million Malaysia Dec 2025
22931 Nnit AS
CO:NNIT 		90.3% Dkr786.00 Million
≈ $122.98 Million 		Dkr76.00 Million Denmark Dec 2025
22932 NBTM New Materials Group Co Ltd
SHG:600114 		90.3% CN¥3.91 Billion
≈ $571.62 Million 		CN¥377.72 Million China Sep 2025
22933 Xinzhi Motor Co Ltd
SHE:002664 		90.3% CN¥3.57 Billion
≈ $522.23 Million 		CN¥345.22 Million China Mar 2026
22934 Augros Cosmetic Packaging SA
PA:AUGR 		90.3% €610.65K
≈ $713.91K 		€59.08K France Jun 2024
22935 CommVault Systems Inc
NASDAQ:CVLT 		90.3% $216.73 Million $20.97 Million USA Dec 2025
22936 Chengdu Easton Biopharmaceuticals Co Ltd
SHG:688513 		90.3% CN¥3.09 Billion
≈ $451.57 Million 		CN¥298.64 Million China Mar 2026
22937 Henan BCCY Environmental Energy Co. Ltd
SHE:300614 		90.3% CN¥1.25 Billion
≈ $182.46 Million 		CN¥120.70 Million China Jun 2025
22938 Zhejiang Meida Industrial Co Ltd
SHE:002677 		90.3% CN¥1.47 Billion
≈ $215.78 Million 		CN¥142.74 Million China Mar 2026
22939 CECEP Techand Ecology&Environment Co Ltd
SHE:300197 		90.3% CN¥2.51 Billion
≈ $367.37 Million 		CN¥243.13 Million China Jun 2025
22940 Xinjiang Xuefeng Sci-Tech
SHG:603227 		90.3% CN¥6.19 Billion
≈ $905.75 Million 		CN¥599.66 Million China Mar 2026
22941 Gurit Holding AG
SW:GURN 		90.3% CHF52.36 Million
≈ $66.20 Million 		CHF5.08 Million Switzerland Dec 2025
22942 Ningbo Kbe Electrical Technology Co
SHE:300863 		90.3% CN¥1.43 Billion
≈ $209.00 Million 		CN¥138.51 Million China Sep 2025
22943 Wavestone S.A.
PA:WAVE 		90.3% €645.42 Million
≈ $754.56 Million 		€62.60 Million France Sep 2025
22944 Computer Age Management Services Limited
NSE:CAMS 		90.3% Rs13.21 Billion
≈ $142.85 Million 		Rs1.28 Billion India Mar 2026
22945 Innovent Biologics Inc
F:6IB 		90.3% €19.36 Billion
≈ $22.63 Billion 		€1.88 Billion Germany Dec 2025
22946 ABSA Bank Limited
JSE:ABSP 		90.3% ZAC91.33 Billion
≈ $48.53 Million 		ZAC8.86 Billion South Africa Dec 2019
22947 Shanxi Tond Chemical Co Ltd
SHE:002360 		90.3% CN¥1.99 Billion
≈ $291.47 Million 		CN¥193.32 Million China Sep 2025
22948 Taekyung BK Co Ltd
KO:014580 		90.3% ₩412.00 Billion
≈ $279.21 Million 		₩40.00 Billion Korea Sep 2025
22949 Carlsberg Brewery Malaysia Bhd
KLSE:2836 		90.3% RM422.92 Million
≈ $106.18 Million 		RM41.06 Million Malaysia Mar 2026
22950 Kimteks Poliuretan Sanayi ve Ticaret AS
IS:KMPUR 		90.3% TL3.41 Billion
≈ $76.32 Million 		TL330.93 Million Turkey Dec 2025
22951 Actinogen Medical Ltd
AU:ACW 		90.3% AU$18.34 Million
≈ $12.97 Million 		AU$1.78 Million Australia Jun 2025
22952 Daesung Ind
KO:128820 		90.3% ₩607.28 Billion
≈ $411.55 Million 		₩59.01 Billion Korea Sep 2025
22953 Prescient Therapeutics Ltd
AU:PTX 		90.3% AU$16.97 Million
≈ $12.01 Million 		AU$1.65 Million Australia Dec 2025
22954 MeiHua Holdings Group Co Ltd
SHG:600873 		90.3% CN¥16.12 Billion
≈ $2.36 Billion 		CN¥1.57 Billion China Sep 2025
22955 QUBE Holdings Ltd
AU:QUB 		90.3% AU$3.12 Billion
≈ $2.21 Billion 		AU$303.40 Million Australia Dec 2025
22956 Zhejiang Tiantie Industry Co Ltd
SHE:300587 		90.3% CN¥2.48 Billion
≈ $362.49 Million 		CN¥241.07 Million China Sep 2025
22957 Rocket Lab USA Inc.
NASDAQ:RKLB 		90.3% $2.26 Billion $220.57 Million USA Mar 2026
22958 Lancy Co Ltd
SHE:002612 		90.3% CN¥4.05 Billion
≈ $593.35 Million 		CN¥395.04 Million China Sep 2025
22959 Shandong Ruifeng Chemical Co Ltd
SHE:300243 		90.3% CN¥1.17 Billion
≈ $171.21 Million 		CN¥114.01 Million China Mar 2026
22960 Jiangsu Shagang Co Ltd
SHE:002075 		90.3% CN¥10.39 Billion
≈ $1.52 Billion 		CN¥1.01 Billion China Mar 2026
22961 WHA Corporation Public Company Limited
BK:WHA 		90.2% ฿42.21 Billion
≈ $1.32 Billion 		฿4.12 Billion Thailand Mar 2026
22962 WHA Corporation Public Company Limited
BK:WHA-R 		90.2% ฿42.21 Billion
≈ $1.32 Billion 		฿4.12 Billion Thailand Mar 2026
22963 Ambarella Inc
NASDAQ:AMBA 		90.2% $594.79 Million $58.05 Million USA Jan 2026
22964 Shaanxi Heimao Coking Co Ltd
SHG:601015 		90.2% CN¥7.74 Billion
≈ $1.13 Billion 		CN¥755.81 Million China Jun 2025
22965 Datatec
JSE:DTC 		90.2% ZAC618.48 Million
≈ $328.69K 		ZAC60.40 Million South Africa Feb 2026
22966 Sinosteel Luonai Materials Technology Co. Ltd. A
SHG:688119 		90.2% CN¥2.88 Billion
≈ $421.81 Million 		CN¥281.50 Million China Mar 2026
22967 Versus Systems Inc
NASDAQ:VSSYW 		90.2% $4.27 Million $417.44K USA Sep 2025
22968 Intelicanna Ltd
TA:INTL 		90.2% ILA8.45 Billion
≈ $22.66 Million 		ILA826.03 Million Israel Sep 2023
22969 Khandwala Securities Limited
NSE:KHANDSE 		90.2% Rs277.44 Million
≈ $3.00 Million 		Rs27.13 Million India Mar 2026
22970 Biomerieux SA
PA:BIM 		90.2% €4.11 Billion
≈ $4.80 Billion 		€401.50 Million France Dec 2025
22971 Bionano Genomics Inc
NASDAQ:BNGO 		90.2% $44.42 Million $4.34 Million USA Dec 2025
22972 Abrdn PLC
LSE:ABDN 		90.2% GBX5.10 Billion
≈ $620.52K 		GBX499.00 Million UK Jun 2025
22973 Ambra SA
WAR:AMB 		90.2% zł536.74 Million
≈ $147.72 Million 		zł52.53 Million Poland Dec 2025
22974 M&G Plc
LSE:MNG 		90.2% GBX3.19 Billion
≈ $387.89K 		GBX312.00 Million UK Dec 2025
22975 Shanghai Aiyingshi Co Ltd
SHG:603214 		90.2% CN¥1.25 Billion
≈ $183.34 Million 		CN¥122.62 Million China Mar 2026
22976 ABERA BIOSCIENCE AB
F:8WK 		90.2% €19.29 Million
≈ $22.55 Million 		€1.89 Million Germany Dec 2025
22977 Brookfield Wealth Solutions Ltd.
NYSE:BNT 		90.2% $16.91 Billion $1.66 Billion USA Sep 2025
22978 Virtu Financial, Inc.
NASDAQ:VIRT 		90.2% $1.70 Billion $166.71 Million USA Sep 2025
22979 Shandong Mining Machinery Group Co Ltd
SHE:002526 		90.2% CN¥3.29 Billion
≈ $481.20 Million 		CN¥322.42 Million China Sep 2025
22980 The GYM Group PLC
LSE:GYM 		90.2% GBX141.70 Million
≈ $17.24K 		GBX13.90 Million UK Dec 2025
22981 African Dawn Capital Ltd
JSE:ADW 		90.2% ZAC3.75 Million
≈ $1.99K 		ZAC368.00K South Africa May 2021
22982 DISCOVERY LTD(UNSP.ADR)/3
F:D3H0 		90.2% €73.44 Billion
≈ $85.86 Billion 		€7.21 Billion Germany Dec 2025
22983 Korea Parts & Fasteners Co.Ltd
KQ:024880 		90.2% ₩268.57 Billion
≈ $182.01 Million 		₩26.35 Billion Korea Sep 2025
22984 IFE Elevators Co Ltd
SHE:002774 		90.2% CN¥1.21 Billion
≈ $177.69 Million 		CN¥119.17 Million China Mar 2026
22985 Hays plc
LSE:HAS 		90.2% GBX466.70 Million
≈ $56.78K 		GBX45.80 Million UK Jun 2025
22986 Dr. Martens PLC
LSE:DOCS 		90.2% GBX329.10 Million
≈ $40.04K 		GBX32.30 Million UK Sep 2025
22987 North Media A/S
CO:NORTHM 		90.2% Dkr1.18 Billion
≈ $185.04 Million 		Dkr116.10 Million Denmark Sep 2025
22988 Mega Perintis Tbk PT
JK:ZONE 		90.2% Rp382.48 Billion
≈ $22.41 Million 		Rp37.55 Billion Indonesia Jun 2025
22989 GEM CO. LTD SP.GDR/10 A
F:3730 		90.2% €25.60 Billion
≈ $29.93 Billion 		€2.51 Billion Germany Mar 2026
22990 Sidetrade
PA:ALBFR 		90.2% €43.22 Million
≈ $50.53 Million 		€4.25 Million France Jun 2025
22991 Beijing Lier High Temperature Materials Co Ltd
SHE:002392 		90.2% CN¥5.91 Billion
≈ $865.54 Million 		CN¥581.14 Million China Sep 2025
22992 Recticel
BR:RECT 		90.2% €430.44 Million
≈ $503.23 Million 		€42.29 Million Belgium Dec 2025
22993 Ratos AB (publ)
ST:RATO-A 		90.2% Skr15.41 Billion
≈ $1.66 Billion 		Skr1.51 Billion Sweden Mar 2026
22994 Ucore Rare Metals Inc
V:UCU 		90.2% CA$71.16 Million
≈ $51.48 Million 		CA$6.99 Million Canada Dec 2025
22995 XORTX Therapeutics Inc
V:XRTX 		90.2% CA$1.97 Million
≈ $1.43 Million 		CA$194.00K Canada Sep 2025
22996 Realtek Semiconductor Corp
TW:2379 		90.2% NT$45.21 Billion
≈ $1.42 Billion 		NT$4.44 Billion Taiwan Mar 2026
22997 Ormat Technologies Inc
NYSE:ORA 		90.2% $2.72 Billion $267.22 Million USA Mar 2026
22998 Econocom Group SA/NV
BR:ECONB 		90.2% €449.60 Million
≈ $525.63 Million 		€44.20 Million Belgium Jun 2025
22999 Shanghai Fenghwa Group Co Ltd
SHG:600615 		90.2% CN¥790.24 Million
≈ $115.64 Million 		CN¥77.70 Million China Mar 2026
23000 Wanda Cinema Line Corp
SHE:002739 		90.2% CN¥7.80 Billion
≈ $1.14 Billion 		CN¥767.23 Million China Sep 2025