Companies by Tangible Net Worth Ratio
Proportion of net assets (equity) backed by tangible assets — excludes goodwill and intangible assets
Average Tangible NW Ratio
79.3%
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.
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 |
|---|---|---|---|---|---|---|
| 25801 |
Bayerische Motoren Werke Aktiengesellschaft
XETRA:BMW |
79.6% |
€95.56 Billion
≈ $111.72 Billion |
€19.45 Billion | Germany | Sep 2025 |
| 25802 |
Reliance Communications Limited
NSE:RCOM |
79.6% |
Rs42.19 Billion
≈ $456.27 Million |
Rs8.59 Billion | India | Sep 2018 |
| 25803 |
Canada Goose Holdings Inc
TO:GOOS |
79.6% |
CA$627.80 Million
≈ $454.14 Million |
CA$127.90 Million | Canada | Mar 2026 |
| 25804 |
Aptiv PLC
NYSE:APTV |
79.6% | $9.52 Billion | $1.94 Billion | USA | Mar 2026 |
| 25805 |
XiAn Tian He Defense Technology Co Ltd
SHE:300397 |
79.6% |
CN¥1.38 Billion
≈ $201.28 Million |
CN¥280.48 Million | China | Mar 2026 |
| 25806 |
SUNRISE N
SW:SUNN |
79.6% |
CHF4.04 Billion
≈ $5.11 Billion |
CHF824.00 Million | Switzerland | Mar 2026 |
| 25807 |
Sygnity SA
WAR:SGN |
79.6% |
zł363.84 Million
≈ $100.13 Million |
zł74.22 Million | Poland | Dec 2025 |
| 25808 |
Eurasia Mining
LSE:EUA |
79.6% |
GBX17.98 Million
≈ $2.19K |
GBX3.67 Million | UK | Jun 2025 |
| 25809 |
NexgenRX Inc.
V:NXG |
79.6% |
CA$8.29 Million
≈ $6.00 Million |
CA$1.69 Million | Canada | Sep 2025 |
| 25810 |
Arcos Dorados Holdings Inc
NYSE:ARCO |
79.6% | $777.14 Million | $158.65 Million | USA | Mar 2026 |
| 25811 |
Suzhou TZTEK Technology Co Ltd
SHG:688003 |
79.6% |
CN¥1.87 Billion
≈ $273.76 Million |
CN¥381.94 Million | China | Sep 2025 |
| 25812 |
Conduent Inc
NASDAQ:CNDT |
79.6% | $827.00 Million | $169.00 Million | USA | Dec 2025 |
| 25813 |
Water Intelligence plc
LSE:WATR |
79.6% |
GBX68.18 Million
≈ $8.30K |
GBX13.94 Million | UK | Jun 2025 |
| 25814 |
Ihlas Gazetecilik AS
IS:IHGZT |
79.6% |
TL3.56 Billion
≈ $79.84 Million |
TL728.97 Million | Turkey | Sep 2025 |
| 25815 |
Odontoprev S.A
SA:ODPV3 |
79.5% |
R$1.29 Billion
≈ $253.25 Million |
R$263.96 Million | Brazil | Sep 2025 |
| 25816 |
PT Petrindo Jaya Kreasi Tbk
JK:CUAN |
79.5% |
Rp560.26 Million
≈ $32.83K |
Rp114.60 Million | Indonesia | Jun 2025 |
| 25817 |
Profit Cultural & Creative Group Co Ltd
SHE:300640 |
79.5% |
CN¥813.11 Million
≈ $118.98 Million |
CN¥166.39 Million | China | Mar 2026 |
| 25818 |
Pure Foods Tasmania Ltd
AU:PFT |
79.5% |
AU$6.29 Million
≈ $4.45 Million |
AU$1.29 Million | Australia | Jun 2025 |
| 25819 |
NRW Holdings Ltd
AU:NWH |
79.5% |
AU$641.48 Million
≈ $453.89 Million |
AU$131.31 Million | Australia | Dec 2025 |
| 25820 |
Sphera Franchise Group SA MiFID Eligible Security
RO:SFG |
79.5% |
RON126.92 Million
≈ $29.14 Million |
RON25.98 Million | Romania | Dec 2025 |
| 25821 |
ManpowerGroup Inc
NYSE:MAN |
79.5% | $2.06 Billion | $422.90 Million | USA | Mar 2026 |
| 25822 |
Doosan Fuel Cell Co. Ltd. Pfd. Series 1
KO:33626K |
79.5% |
₩367.48 Billion
≈ $249.04 Million |
₩75.27 Billion | Korea | Dec 2025 |
| 25823 |
TEN SQUARE GAMES SA
WAR:TEN |
79.5% |
zł238.09 Million
≈ $65.53 Million |
zł48.77 Million | Poland | Mar 2026 |
| 25824 |
Descartes Systems Group Inc
TO:DSG |
79.5% |
CA$1.61 Billion
≈ $1.16 Billion |
CA$329.29 Million | Canada | Jan 2026 |
| 25825 |
Smtrack Bhd
KLSE:0169 |
79.5% |
RM45.03 Million
≈ $11.31 Million |
RM9.24 Million | Malaysia | Jul 2025 |
| 25826 |
VSE Corporation
NASDAQ:VSEC |
79.5% | $983.34 Million | $201.85 Million | USA | Sep 2025 |
| 25827 |
Maxis Bhd
KLSE:6012 |
79.5% |
RM6.15 Billion
≈ $1.54 Billion |
RM1.26 Billion | Malaysia | Dec 2025 |
| 25828 |
Processa Pharmaceuticals Inc
NASDAQ:PCSA |
79.5% | $5.58 Million | $1.15 Million | USA | Dec 2025 |
| 25829 |
Xpel Inc
NASDAQ:XPEL |
79.5% | $273.85 Million | $56.27 Million | USA | Sep 2025 |
| 25830 |
Aurum PropTech Limited
NSE:AURUM |
79.5% |
Rs4.92 Billion
≈ $53.20 Million |
Rs1.01 Billion | India | Sep 2025 |
| 25831 |
COWELL FASHION Co.Ltd
KQ:033290 |
79.5% |
₩409.05 Billion
≈ $277.21 Million |
₩84.05 Billion | Korea | Mar 2026 |
| 25832 |
VACCITECH (SP.ADR)/1
F:2AB |
79.4% |
€66.48 Million
≈ $77.72 Million |
€13.67 Million | Germany | Mar 2026 |
| 25833 |
Citizens Holding Company
NASDAQ:CIZN |
79.4% | $63.63 Million | $13.09 Million | USA | Mar 2026 |
| 25834 |
Daewon Pharm
KO:003220 |
79.4% |
₩274.58 Billion
≈ $186.08 Million |
₩56.48 Billion | Korea | Dec 2025 |
| 25835 |
MINDMAZE THERAPEUTICS HOLDING SA
SW:MMTX |
79.4% Annual |
CHF38.34 Million
≈ $48.47 Million |
CHF7.89 Million | Switzerland | Dec 2025 |
| 25836 |
Guangdong Zhongsheng Pharmaceutical Co Ltd
SHE:002317 |
79.4% |
CN¥4.13 Billion
≈ $603.74 Million |
CN¥848.75 Million | China | Sep 2025 |
| 25837 |
Netfonds AG
XETRA:NF4 |
79.4% |
€25.92 Million
≈ $30.30 Million |
€5.33 Million | Germany | Dec 2024 |
| 25838 |
NETFONDS AG VNA O.N.
F:NF4 |
79.4% |
€25.92 Million
≈ $30.30 Million |
€5.33 Million | Germany | Dec 2024 |
| 25839 |
Genius Sports Ltd
NYSE:GENI |
79.4% | $695.10 Million | $143.03 Million | USA | Mar 2026 |
| 25840 |
Norwegian Cruise Line Holdings Ltd
NYSE:NCLH |
79.4% | $2.43 Billion | $500.52 Million | USA | Mar 2026 |
| 25841 |
Netel Holding AB
ST:NETEL |
79.4% |
Skr971.00 Million
≈ $104.50 Million |
Skr200.00 Million | Sweden | Dec 2025 |
| 25842 |
Rev Group Inc
NYSE:REVG |
79.4% | $416.30 Million | $85.80 Million | USA | Oct 2025 |
| 25843 |
Airtificial Intelligence Structures SA
MC:AI |
79.4% |
€72.02 Million
≈ $84.20 Million |
€14.85 Million | Spain | Jun 2025 |
| 25844 |
Benefit Systems SA
WAR:BFT |
79.4% |
zł2.36 Billion
≈ $650.42 Million |
zł487.20 Million | Poland | Dec 2025 |
| 25845 |
Zhejiang Zanyu Technology Co Ltd
SHE:002637 |
79.4% |
CN¥3.80 Billion
≈ $556.09 Million |
CN¥784.41 Million | China | Mar 2026 |
| 25846 |
Hanwha Aerospace Co Ltd
KO:012450 |
79.4% |
₩15.53 Trillion
≈ $10.52 Billion |
₩3.21 Trillion | Korea | Sep 2025 |
| 25847 |
PagSeguro Digital Ltd
NYSE:PAGS |
79.4% | $14.34 Billion | $2.96 Billion | USA | Mar 2026 |
| 25848 |
Huadong Medicine Co Ltd
SHE:000963 |
79.3% |
CN¥24.50 Billion
≈ $3.58 Billion |
CN¥5.06 Billion | China | Sep 2025 |
| 25849 |
Camil Alimentos S.A
SA:CAML3 |
79.3% |
R$3.43 Billion
≈ $673.04 Million |
R$708.70 Million | Brazil | Aug 2025 |
| 25850 |
IBKS No. 15 Special Purpose Acquisition Co. Ltd.
KQ:373200 |
79.3% |
₩20.14 Billion
≈ $13.65 Million |
₩4.16 Billion | Korea | Mar 2026 |
| 25851 |
PCF Group SA
WAR:PCF |
79.3% |
zł144.51 Million
≈ $39.77 Million |
zł29.86 Million | Poland | Sep 2025 |
| 25852 |
Directa Plus PLC
LSE:DCTA |
79.3% |
GBX5.46 Million
≈ $663.99 |
GBX1.13 Million | UK | Jun 2025 |
| 25853 |
SD Biosensor Inc
KO:137310 |
79.3% |
₩3.07 Trillion
≈ $2.08 Billion |
₩634.68 Billion | Korea | Sep 2025 |
| 25854 |
AMASS Brands Inc. Common Stock
NASDAQ:AMSS |
79.3% Annual | $14.80 Million | $3.06 Million | USA | Dec 2024 |
| 25855 |
Natera Inc
NASDAQ:NTRA |
79.3% | $1.77 Billion | $367.36 Million | USA | Mar 2026 |
| 25856 |
Crayon Group Holding ASA
OL:CRAYN |
79.3% |
Nkr2.96 Billion
≈ $310.95 Million |
Nkr612.00 Million | Norway | Dec 2024 |
| 25857 |
Jiajiayue Group Co Ltd
SHG:603708 |
79.3% |
CN¥2.49 Billion
≈ $365.08 Million |
CN¥516.89 Million | China | Mar 2026 |
| 25858 |
Boyd Group Services Inc.
NYSE:BGSI |
79.3% | $1.72 Billion | $355.70 Million | USA | Dec 2025 |
| 25859 |
Goodyear Tire & Rubber Co
NASDAQ:GT |
79.3% | $3.17 Billion | $658.00 Million | USA | Mar 2026 |
| 25860 |
Sonos Inc
NASDAQ:SONO |
79.3% | $384.36 Million | $79.72 Million | USA | Mar 2026 |
| 25861 |
FNP Technologies SA
PA:MLFNP |
79.3% Annual |
€2.72 Million
≈ $3.18 Million |
€564.30K | France | Dec 2022 |
| 25862 |
DoorDash, Inc. Class A Common Stock
NASDAQ:DASH |
79.3% | $10.21 Billion | $2.12 Billion | USA | Mar 2026 |
| 25863 |
Adesso SE
XETRA:ADN1 |
79.2% |
€194.39 Million
≈ $227.27 Million |
€40.34 Million | Germany | Sep 2025 |
| 25864 |
Electrolux Professional AB (publ)
ST:EPRO-B |
79.2% |
Skr5.78 Billion
≈ $622.13 Million |
Skr1.20 Billion | Sweden | Mar 2026 |
| 25865 |
Sun International Ltd
JSE:SUI |
79.2% |
ZAC3.67 Billion
≈ $1.95 Million |
ZAC761.00 Million | South Africa | Dec 2025 |
| 25866 |
Aeorema Communications Plc
LSE:AEO |
79.2% |
GBX2.72 Million
≈ $330.61 |
GBX564.35K | UK | Jun 2025 |
| 25867 |
Minda Global Bhd
KLSE:5166 |
79.2% |
RM283.36 Million
≈ $71.14 Million |
RM58.86 Million | Malaysia | Sep 2025 |
| 25868 |
Sun Life Financial Inc.
TO:SLF |
79.2% |
CA$25.49 Billion
≈ $18.44 Billion |
CA$5.30 Billion | Canada | Dec 2025 |
| 25869 |
Horisont Energi AS
OL:HRGI |
79.2% |
Nkr35.23 Million
≈ $3.71 Million |
Nkr7.32 Million | Norway | Jun 2025 |
| 25870 |
Guangdong HongDa Blasting Co Ltd
SHE:002683 |
79.2% |
CN¥14.62 Billion
≈ $2.14 Billion |
CN¥3.04 Billion | China | Sep 2025 |
| 25871 |
Zoo Digital Group Plc
LSE:ZOO |
79.2% |
GBX18.40 Million
≈ $2.24K |
GBX3.83 Million | UK | Sep 2025 |
| 25872 |
Urbas Grupo Financiero SA
MC:UBS |
79.2% |
€515.52 Million
≈ $602.70 Million |
€107.22 Million | Spain | Dec 2024 |
| 25873 |
Rockwell Automation Inc
NYSE:ROK |
79.2% | $3.58 Billion | $744.00 Million | USA | Mar 2026 |
| 25874 |
Commerce.com, Inc.
NASDAQ:CMRC |
79.2% | $46.88 Million | $9.76 Million | USA | Mar 2026 |
| 25875 |
Guanhao Biotech Co Ltd
SHE:300238 |
79.2% |
CN¥494.91 Million
≈ $72.42 Million |
CN¥103.01 Million | China | Mar 2026 |
| 25876 |
Chewy Inc
NYSE:CHWY |
79.2% | $424.20 Million | $88.30 Million | USA | Apr 2026 |
| 25877 |
SHANDONG HI-SP.G.HD-0001
F:HRI |
79.2% |
€17.38 Billion
≈ $20.32 Billion |
€3.62 Billion | Germany | Dec 2025 |
| 25878 |
Widodo Makmur Unggas Tbk PT
JK:WMUU |
79.2% |
Rp788.18 Billion
≈ $46.18 Million |
Rp164.22 Billion | Indonesia | Sep 2025 |
| 25879 |
Shanghai Diesel Engine Co Ltd A
SHG:600841 |
79.2% |
CN¥3.16 Billion
≈ $462.78 Million |
CN¥659.24 Million | China | Sep 2025 |
| 25880 |
True North Copper Ltd
AU:TNC |
79.1% |
AU$78.68 Million
≈ $55.67 Million |
AU$16.41 Million | Australia | Dec 2025 |
| 25881 |
Velocity Composites plc
LSE:VEL |
79.1% |
GBX5.14 Million
≈ $625.51 |
GBX1.07 Million | UK | Oct 2025 |
| 25882 |
Hands Corporation Ltd
KO:143210 |
79.1% |
₩64.57 Billion
≈ $43.76 Million |
₩13.47 Billion | Korea | Mar 2026 |
| 25883 |
Ziff Davis Inc
NASDAQ:ZD |
79.1% | $1.80 Billion | $375.32 Million | USA | Sep 2025 |
| 25884 |
Hanza AB
ST:HANZA |
79.1% |
Skr4.14 Billion
≈ $445.64 Million |
Skr864.00 Million | Sweden | Mar 2026 |
| 25885 |
Nuchev Ltd
AU:NUC |
79.1% |
AU$11.23 Million
≈ $7.95 Million |
AU$2.34 Million | Australia | Jun 2025 |
| 25886 |
Henry Schein Inc
NASDAQ:HSIC |
79.1% | $4.82 Billion | $1.01 Billion | USA | Mar 2026 |
| 25887 |
Xtract One Technologies Inc.
TO:XTRA |
79.1% |
CA$19.15 Million
≈ $13.86 Million |
CA$4.00 Million | Canada | Jan 2026 |
| 25888 |
Agesa Hayat ve Emeklilik AS
IS:AGESA |
79.1% |
TL10.09 Billion
≈ $226.00 Million |
TL2.11 Billion | Turkey | Dec 2025 |
| 25889 |
Huludao Zinc Industry Co Ltd
SHE:000751 |
79.1% |
CN¥3.70 Billion
≈ $540.70 Million |
CN¥772.03 Million | China | Mar 2026 |
| 25890 |
PENTAL LTD
F:81B |
79.1% |
€27.84 Million
≈ $32.55 Million |
€5.82 Million | Germany | Jun 2024 |
| 25891 |
Baker Hughes Co
NASDAQ:BKR |
79.1% | $19.49 Billion | $4.07 Billion | USA | Mar 2026 |
| 25892 |
PayPay Corporation American Depository Shares
NASDAQ:PAYP |
79.1% | $320.23 Billion | $66.93 Billion | USA | Dec 2025 |
| 25893 |
Envista Holdings Corp
NYSE:NVST |
79.1% | $3.09 Billion | $645.80 Million | USA | Sep 2025 |
| 25894 |
FKS Food Sejahtera Tbk PT
JK:AISA |
79.1% |
Rp1.12 Trillion
≈ $65.69 Million |
Rp234.46 Billion | Indonesia | Sep 2025 |
| 25895 |
GDS Holdings Ltd
NASDAQ:GDS |
79.1% | $26.78 Billion | $5.60 Billion | USA | Sep 2025 |
| 25896 |
Exchange Income Corporation
TO:EIF |
79.1% |
CA$1.65 Billion
≈ $1.19 Billion |
CA$345.05 Million | Canada | Sep 2025 |
| 25897 |
TEMC Co. Ltd.
KQ:425040 |
79.1% |
₩185.67 Billion
≈ $125.83 Million |
₩38.85 Billion | Korea | Mar 2025 |
| 25898 |
Siemens Energy AG
F:ENR |
79.1% |
€11.60 Billion
≈ $13.56 Billion |
€2.43 Billion | Germany | Dec 2025 |
| 25899 |
SIEMENS ENERGY AG ADR/1
F:ENR0 |
79.1% |
€11.60 Billion
≈ $13.56 Billion |
€2.43 Billion | Germany | Dec 2025 |
| 25900 |
Storebrand ASA
OL:STB |
79.1% |
Nkr31.23 Billion
≈ $3.29 Billion |
Nkr6.54 Billion | Norway | Jun 2025 |