Companies by Tangible Net Worth Ratio
Proportion of net assets (equity) backed by tangible assets — excludes goodwill and intangible assets
Average Tangible NW Ratio
84.4%
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.
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 |
|---|---|---|---|---|---|---|
| 24801 |
Sinotrans Ltd Class A
SHG:601598 |
84.7% |
CN¥44.04 Billion
≈ $6.45 Billion |
CN¥6.76 Billion | China | Dec 2025 |
| 24802 |
Infineon Technologies AG
F:IFXA |
84.7% |
€16.71 Billion
≈ $19.54 Billion |
€2.56 Billion | Germany | Jun 2025 |
| 24803 |
Fractal Gaming Group AB
ST:FRACTL |
84.6% |
Skr408.80 Million
≈ $43.99 Million |
Skr62.80 Million | Sweden | Mar 2026 |
| 24804 |
Zhejiang Shouxiangu Pharm Co
SHG:603896 |
84.6% |
CN¥2.29 Billion
≈ $335.24 Million |
CN¥351.95 Million | China | Mar 2026 |
| 24805 |
Batm Advanced Communications Ltd
TA:BVC |
84.6% |
ILA66.34 Million
≈ $177.87K |
ILA10.19 Million | Israel | Dec 2025 |
| 24806 |
Jacobs Solutions Inc.
NYSE:J |
84.6% | $4.67 Billion | $717.67 Million | USA | Sep 2025 |
| 24807 |
Baoding Heavy Industry Co Ltd
SHE:002552 |
84.6% |
CN¥2.14 Billion
≈ $312.86 Million |
CN¥328.84 Million | China | Mar 2026 |
| 24808 |
OPENLANE, Inc.
NYSE:OPLN |
84.6% | $1.54 Billion | $237.40 Million | USA | Mar 2026 |
| 24809 |
Locaweb Serviços de Internet S.A.
SA:LWSA3 |
84.6% |
R$2.47 Billion
≈ $484.24 Million |
R$379.61 Million | Brazil | Dec 2025 |
| 24810 |
Sichuan Hebang Biotechnology Co Ltd
SHG:603077 |
84.6% |
CN¥18.77 Billion
≈ $2.75 Billion |
CN¥2.89 Billion | China | Sep 2025 |
| 24811 |
Chongqing Brewery Co Ltd
SHG:600132 |
84.6% |
CN¥4.23 Billion
≈ $618.91 Million |
CN¥650.96 Million | China | Sep 2025 |
| 24812 |
Nidec Corporation
F:NIB1 |
84.6% |
€1.78 Trillion
≈ $2.08 Trillion |
€273.36 Billion | Germany | Sep 2025 |
| 24813 |
Indegene Ltd
NSE:INDGN |
84.6% |
Rs31.39 Billion
≈ $339.44 Million |
Rs4.83 Billion | India | Mar 2026 |
| 24814 |
Huizhou China Eagle Electronic Technology Co Ltd
SHE:002579 |
84.6% |
CN¥2.61 Billion
≈ $381.41 Million |
CN¥401.35 Million | China | Sep 2025 |
| 24815 |
Joint Stock Company Kaspi.kz
NASDAQ:KSPI |
84.6% | $2.60 Trillion | $400.46 Billion | USA | Dec 2025 |
| 24816 |
Evolution AB (publ)
ST:EVO |
84.6% |
Skr4.30 Billion
≈ $462.71 Million |
Skr662.47 Million | Sweden | Mar 2026 |
| 24817 |
Evolution Gaming Group AB (publ)
F:E3G |
84.6% |
€4.30 Billion
≈ $5.03 Billion |
€662.47 Million | Germany | Mar 2026 |
| 24818 |
Schneider National Inc
NYSE:SNDR |
84.6% | $3.02 Billion | $465.50 Million | USA | Sep 2025 |
| 24819 |
Solvay SA
BR:SOLB |
84.6% |
€1.26 Billion
≈ $1.48 Billion |
€195.00 Million | Belgium | Sep 2025 |
| 24820 |
Synaptics Incorporated
NASDAQ:SYNA |
84.6% | $1.36 Billion | $209.60 Million | USA | Mar 2026 |
| 24821 |
Canadian Utilities Limited
TO:CU |
84.6% |
CA$6.74 Billion
≈ $4.88 Billion |
CA$1.04 Billion | Canada | Mar 2026 |
| 24822 |
Zhejiang Wansheng Co Ltd
SHG:603010 |
84.6% |
CN¥3.89 Billion
≈ $569.21 Million |
CN¥600.70 Million | China | Jun 2025 |
| 24823 |
Ferro S.A.
WAR:FRO |
84.6% |
zł461.86 Million
≈ $127.11 Million |
zł71.33 Million | Poland | Dec 2025 |
| 24824 |
DXP Enterprises Inc
NASDAQ:DXPE |
84.6% | $488.34 Million | $75.42 Million | USA | Sep 2025 |
| 24825 |
Banpu Public Company Limited
BK:BANPU |
84.6% |
฿5.18 Billion
≈ $161.48 Million |
฿800.26 Million | Thailand | Mar 2026 |
| 24826 |
Shanxi Guoxin Energy Co Ltd A
SHG:600617 |
84.6% |
CN¥4.76 Billion
≈ $695.86 Million |
CN¥734.59 Million | China | Sep 2025 |
| 24827 |
Universal Electronics Inc
NASDAQ:UEIC |
84.5% | $146.15 Million | $22.58 Million | USA | Sep 2025 |
| 24828 |
Ximen Mining Corp
V:XIM |
84.5% |
CA$674.77K
≈ $488.12K |
CA$104.36K | Canada | Dec 2023 |
| 24829 |
Trimble Inc
NASDAQ:TRMB |
84.5% | $5.64 Billion | $872.10 Million | USA | Mar 2026 |
| 24830 |
MPAY S.A. ZY-50
F:8NJ |
84.5% |
€14.36 Million
≈ $16.79 Million |
€2.22 Million | Germany | Dec 2025 |
| 24831 |
Taiwan Cement Corp
TW:1101 |
84.5% |
NT$292.71 Billion
≈ $9.22 Billion |
NT$45.31 Billion | Taiwan | Dec 2025 |
| 24832 |
Barito Pacific Tbk
JK:BRPT |
84.5% |
Rp6.21 Billion
≈ $363.64K |
Rp961.11 Million | Indonesia | Jun 2025 |
| 24833 |
Vertex
NASDAQ:VERX |
84.5% | $246.50 Million | $38.18 Million | USA | Mar 2026 |
| 24834 |
NCAB Group
ST:NCAB |
84.5% |
Skr1.44 Billion
≈ $154.89 Million |
Skr223.20 Million | Sweden | Dec 2025 |
| 24835 |
Data 3 Ltd
AU:DTL |
84.5% |
AU$84.36 Million
≈ $59.69 Million |
AU$13.09 Million | Australia | Dec 2025 |
| 24836 |
Alcadon Group AB
ST:ALCA |
84.5% |
Skr820.00 Million
≈ $88.25 Million |
Skr127.30 Million | Sweden | Sep 2025 |
| 24837 |
Shenzhen Zhongzhuang Construction Group Co Ltd
SHE:002822 |
84.5% |
CN¥1.34 Billion
≈ $196.51 Million |
CN¥208.50 Million | China | Sep 2025 |
| 24838 |
Innoviva Inc
NASDAQ:INVA |
84.5% | $1.17 Billion | $182.16 Million | USA | Dec 2025 |
| 24839 |
Ningbo Techmation Co Ltd
SHG:603015 |
84.5% |
CN¥1.40 Billion
≈ $204.61 Million |
CN¥217.27 Million | China | Mar 2026 |
| 24840 |
Cedar Development Co Ltd
SHE:002485 |
84.5% |
CN¥1.01 Billion
≈ $148.46 Million |
CN¥157.68 Million | China | Mar 2026 |
| 24841 |
Nordic Semiconductor ASA
OL:NOD |
84.5% |
Nkr680.23 Million
≈ $71.58 Million |
Nkr105.73 Million | Norway | Mar 2026 |
| 24842 |
Eastman Chemical Company
NYSE:EMN |
84.5% | $6.09 Billion | $946.00 Million | USA | Mar 2026 |
| 24843 |
Premier Inc
NASDAQ:PINC |
84.4% | $1.53 Billion | $237.69 Million | USA | Sep 2025 |
| 24844 |
Amber Enterprises India Limited
NSE:AMBER |
84.4% |
Rs37.64 Billion
≈ $407.02 Million |
Rs5.85 Billion | India | Sep 2025 |
| 24845 |
Huize Holding Ltd
NASDAQ:HUIZ |
84.4% | $429.43 Million | $66.80 Million | USA | Jun 2025 |
| 24846 |
Hefei Fengle Seed Co Ltd
SHE:000713 |
84.4% |
CN¥1.98 Billion
≈ $289.99 Million |
CN¥308.35 Million | China | Sep 2025 |
| 24847 |
Hunan Copote Science Technology Co Ltd
SHG:600476 |
84.4% |
CN¥113.61 Million
≈ $16.62 Million |
CN¥17.69 Million | China | Sep 2025 |
| 24848 |
1CM INC.
F:IQ70 |
84.4% |
€29.62 Million
≈ $34.63 Million |
€4.61 Million | Germany | Nov 2025 |
| 24849 |
SpartanNash Co
NASDAQ:SPTN |
84.4% | $741.82 Million | $115.57 Million | USA | Jun 2025 |
| 24850 |
LightPath Technologies Inc
NASDAQ:LPTH |
84.4% | $112.88 Million | $17.59 Million | USA | Mar 2026 |
| 24851 |
Raubex
JSE:RBX |
84.4% |
ZAC7.33 Billion
≈ $3.90 Million |
ZAC1.14 Billion | South Africa | Aug 2025 |
| 24852 |
The a2 Milk Company Ltd
AU:A2M |
84.4% |
AU$1.39 Billion
≈ $980.64 Million |
AU$216.03 Million | Australia | Dec 2025 |
| 24853 |
Power Corporation Of Canada
TO:POW |
84.4% |
CA$45.18 Billion
≈ $32.68 Billion |
CA$7.04 Billion | Canada | Mar 2026 |
| 24854 |
Mount Logan Capital Inc. Common Stock
NASDAQ:MLCI |
84.4% | $67.44 Million | $10.52 Million | USA | Mar 2026 |
| 24855 |
Implenia AG
SW:IMPN |
84.4% |
CHF753.29 Million
≈ $952.36 Million |
CHF117.49 Million | Switzerland | Dec 2025 |
| 24856 |
Ecoslops SA
PA:ALESA |
84.4% |
€2.53 Million
≈ $2.96 Million |
€395.00K | France | Dec 2025 |
| 24857 |
Spineway
PA:ALSPW |
84.4% |
€23.06 Million
≈ $26.96 Million |
€3.60 Million | France | Dec 2025 |
| 24858 |
Applovin Corp
NASDAQ:APP |
84.4% | $2.36 Billion | $369.00 Million | USA | Mar 2026 |
| 24859 |
Asturiana de Laminados S.A.
MC:ELZ |
84.4% |
€4.43 Million
≈ $5.18 Million |
€691.60K | Spain | Jun 2025 |
| 24860 |
Zaptec AS
OL:ZAP |
84.4% |
Nkr758.72 Million
≈ $79.84 Million |
Nkr118.54 Million | Norway | Dec 2025 |
| 24861 |
Navitas Semiconductor Corp
NASDAQ:NVTS |
84.4% | $370.99 Million | $57.99 Million | USA | Sep 2025 |
| 24862 |
JW Pharmaceutical Corp
KO:001067 |
84.4% |
₩354.10 Billion
≈ $239.97 Million |
₩55.38 Billion | Korea | Sep 2025 |
| 24863 |
JW Pharmaceutical Corp
KO:001065 |
84.4% |
₩354.10 Billion
≈ $239.97 Million |
₩55.38 Billion | Korea | Sep 2025 |
| 24864 |
Grab Holdings Ltd
NASDAQ:GRAB |
84.4% | $6.76 Billion | $1.06 Billion | USA | Dec 2025 |
| 24865 |
Hyundai Autoever Corp
KO:307950 |
84.4% |
₩1.82 Trillion
≈ $1.23 Billion |
₩284.04 Billion | Korea | Sep 2025 |
| 24866 |
Interlink Electronics Inc
NASDAQ:LINK |
84.4% | $9.63 Million | $1.51 Million | USA | Sep 2025 |
| 24867 |
China National Software & Service Co Ltd
SHG:600536 |
84.3% |
CN¥6.00 Billion
≈ $877.95 Million |
CN¥938.97 Million | China | Mar 2026 |
| 24868 |
IONQ Inc
NYSE:IONQ |
84.3% | $4.99 Billion | $781.09 Million | USA | Mar 2026 |
| 24869 |
BRF S.A
SA:BRFS3 |
84.3% |
R$18.10 Billion
≈ $3.55 Billion |
R$2.83 Billion | Brazil | Jun 2025 |
| 24870 |
BRF SA ADR
NYSE:BRFS |
84.3% | $18.10 Billion | $2.83 Billion | USA | Jun 2025 |
| 24871 |
BRF S.A
F:P5Y |
84.3% |
€18.10 Billion
≈ $21.16 Billion |
€2.83 Billion | Germany | Jun 2025 |
| 24872 |
Jiangsu Aidea Pharmaceutical Co Ltd
SHG:688488 |
84.3% |
CN¥1.08 Billion
≈ $158.33 Million |
CN¥169.44 Million | China | Sep 2025 |
| 24873 |
GTPL Hathway Limited
NSE:GTPL |
84.3% |
Rs12.67 Billion
≈ $137.05 Million |
Rs1.98 Billion | India | Mar 2026 |
| 24874 |
Dawning Information Industry Co Ltd
SHG:603019 |
84.3% |
CN¥23.16 Billion
≈ $3.39 Billion |
CN¥3.63 Billion | China | Mar 2026 |
| 24875 |
Dolby Laboratories
NYSE:DLB |
84.3% | $2.60 Billion | $408.15 Million | USA | Jun 2025 |
| 24876 |
H+M HEN.+MAU.UNSP.ADR 1/5
F:HMSA |
84.3% |
€42.95 Billion
≈ $50.21 Billion |
€6.73 Billion | Germany | Nov 2025 |
| 24877 |
STAK Inc. Ordinary Shares
NASDAQ:STAK |
84.3% | $12.90 Million | $2.02 Million | USA | Sep 2025 |
| 24878 |
Ricegrowers Ltd
AU:SGLLV |
84.3% |
AU$655.47 Million
≈ $463.78 Million |
AU$102.88 Million | Australia | Sep 2025 |
| 24879 |
Forrester Research Inc
NASDAQ:FORR |
84.3% | $106.05 Million | $16.65 Million | USA | Mar 2026 |
| 24880 |
ENDESA ADR/ 1/2 EO 120
F:ENAA |
84.3% |
€9.64 Billion
≈ $11.27 Billion |
€1.51 Billion | Germany | Mar 2026 |
| 24881 |
Endesa SA
MC:ELE |
84.3% |
€9.64 Billion
≈ $11.27 Billion |
€1.51 Billion | Spain | Mar 2026 |
| 24882 |
Portmeirion Group PLC
LSE:PMP |
84.3% |
GBX48.38 Million
≈ $5.89K |
GBX7.60 Million | UK | Dec 2025 |
| 24883 |
Manulife Holdings Bhd
KLSE:1058 |
84.3% |
RM1.50 Billion
≈ $377.35 Million |
RM236.54 Million | Malaysia | Mar 2026 |
| 24884 |
Etablissements Maurel et Prom SA
PA:MAU |
84.3% |
€1.23 Billion
≈ $1.44 Billion |
€194.45 Million | France | Jun 2025 |
| 24885 |
Excelerate Energy Inc
NYSE:EE |
84.2% | $2.26 Billion | $355.31 Million | USA | Mar 2026 |
| 24886 |
Aperam SA
AS:APAM |
84.2% |
€3.25 Billion
≈ $3.80 Billion |
€513.00 Million | Netherlands | Mar 2026 |
| 24887 |
Ningbo Tianyi Medical Appliance Co. Ltd.
SHE:301097 |
84.2% |
CN¥1.11 Billion
≈ $163.13 Million |
CN¥175.80 Million | China | Mar 2026 |
| 24888 |
SINOTRANS LTD H YC 1
F:SIY |
84.2% |
€42.87 Billion
≈ $50.12 Billion |
€6.76 Billion | Germany | Jun 2025 |
| 24889 |
Burlington Stores Inc
NYSE:BURL |
84.2% | $1.81 Billion | $285.06 Million | USA | Jan 2026 |
| 24890 |
Mackolik Internet Hizmetleri Ticaret A.S.
IS:MACKO |
84.2% |
TL691.44 Million
≈ $15.49 Million |
TL109.08 Million | Turkey | Dec 2025 |
| 24891 |
Immersion Corporation
NASDAQ:IMMR |
84.2% | $562.00 Million | $88.69 Million | USA | Mar 2026 |
| 24892 |
AIR CHINA LTD H ADR/20
F:AD2B |
84.2% |
€39.23 Billion
≈ $45.87 Billion |
€6.19 Billion | Germany | Dec 2025 |
| 24893 |
Air China Limited
F:AD2 |
84.2% |
€39.23 Billion
≈ $45.87 Billion |
€6.19 Billion | Germany | Dec 2025 |
| 24894 |
Jiangsu Yida Chemical Co Ltd Class A
SHE:300721 |
84.2% |
CN¥1.11 Billion
≈ $162.08 Million |
CN¥174.95 Million | China | Mar 2026 |
| 24895 |
Telkom
JSE:TKG |
84.2% |
ZAC33.89 Billion
≈ $18.01 Million |
ZAC5.36 Billion | South Africa | Sep 2025 |
| 24896 |
Risesun Real Estate Development Co Ltd
SHE:002146 |
84.2% |
CN¥7.63 Billion
≈ $1.12 Billion |
CN¥1.21 Billion | China | Mar 2026 |
| 24897 |
Versant Media Group, Inc.
NASDAQ:VSNTV |
84.2% | $8.45 Billion | $1.33 Billion | USA | Jun 2025 |
| 24898 |
Inogen Inc
NASDAQ:INGN |
84.2% | $182.91 Million | $28.91 Million | USA | Mar 2026 |
| 24899 |
Aurora Solar Technologies Inc
V:ACU |
84.2% |
CA$2.11 Million
≈ $1.52 Million |
CA$333.15K | Canada | Sep 2025 |
| 24900 |
Relais Group Oyj
HE:RELAIS |
84.2% |
€121.42 Million
≈ $141.95 Million |
€19.19 Million | Finland | Jun 2025 |