Companies by Tangible Net Worth Ratio

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

Average Tangible NW Ratio

58.9%
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
27901 Allegro.eu S.A.
WAR:ALE 		59.6% zł10.14 Billion
≈ $2.79 Billion 		zł4.09 Billion Poland Dec 2025
27902 Shenzhen Changfang Light Emitting
SHE:300301 		59.6% CN¥73.33 Million
≈ $10.73 Million 		CN¥29.61 Million China Mar 2026
27903 Agrogalaxy Participacoes SA
SA:AGXY3 		59.6% R$453.75 Million
≈ $89.03 Million 		R$183.39 Million Brazil Jun 2025
27904 China Railway Construction Corporation Limited
F:4FF 		59.6% €437.72 Billion
≈ $511.74 Billion 		€176.91 Billion Germany Mar 2026
27905 China Railway Construction Corp Ltd
SHG:601186 		59.6% CN¥437.72 Billion
≈ $64.05 Billion 		CN¥176.91 Billion China Mar 2026
27906 George Weston Limited
TO:WN 		59.6% CA$13.01 Billion
≈ $9.41 Billion 		CA$5.26 Billion Canada Sep 2025
27907 Fangdd Network Group Ltd
NASDAQ:DUO 		59.6% $578.89 Million $234.06 Million USA Dec 2025
27908 ADENTRA INC.
F:UQ0 		59.5% €669.36 Million
≈ $782.55 Million 		€270.80 Million Germany Mar 2026
27909 CHINA CONCH VENT. HD -01
F:68C 		59.5% €50.87 Billion
≈ $59.48 Billion 		€20.60 Billion Germany Dec 2025
27910 Telecom Italia S.p.A
F:TQIR 		59.5% €13.46 Billion
≈ $15.73 Billion 		€5.45 Billion Germany Dec 2025
27911 TELECOM ITAL.RISP. ADR/10
F:TQI1 		59.5% €13.46 Billion
≈ $15.73 Billion 		€5.45 Billion Germany Dec 2025
27912 TELECOM ITALIA ADR 1
F:TQIA 		59.5% €13.46 Billion
≈ $15.73 Billion 		€5.45 Billion Germany Dec 2025
27913 Xvivo Perfusion AB
ST:XVIVO 		59.5% Skr2.17 Billion
≈ $233.46 Million 		Skr878.98 Million Sweden Mar 2026
27914 Rocky Brands Inc
NASDAQ:RCKY 		59.5% $252.54 Million $102.34 Million USA Mar 2026
27915 CD PROJEKT SA
WAR:CDR 		59.5% zł3.41 Billion
≈ $939.23 Million 		zł1.38 Billion Poland Mar 2026
27916 Auddia Inc
NASDAQ:AUUDW 		59.4% $4.19 Million $1.70 Million USA Sep 2025
27917 Starbox Group Holdings Ltd. Ordinary Shares
NASDAQ:STBX 		59.4% $109.59 Million $44.50 Million USA Dec 2024
27918 Innature Bhd
KLSE:5295 		59.4% RM127.44 Million
≈ $31.99 Million 		RM51.75 Million Malaysia Sep 2025
27919 Iovance Biotherapeutics Inc
NASDAQ:IOVA 		59.4% $702.29 Million $285.21 Million USA Sep 2025
27920 Magazine Luiza S.A
SA:MGLU3 		59.4% R$11.27 Billion
≈ $2.21 Billion 		R$4.58 Billion Brazil Mar 2026
27921 Believe SAS
PA:BLV 		59.4% €360.52 Million
≈ $421.48 Million 		€146.47 Million France Dec 2024
27922 Shotspotter Inc
NASDAQ:SSTI 		59.4% $72.17 Million $29.34 Million USA Dec 2025
27923 Bioalpha Holdings Bhd
KLSE:0179 		59.3% RM69.43 Million
≈ $17.43 Million 		RM28.23 Million Malaysia Dec 2025
27924 Zee Learn Limited
NSE:ZEELEARN 		59.3% Rs2.35 Billion
≈ $25.42 Million 		Rs955.73 Million India Mar 2026
27925 Shan XI Hua Yang Group New Energy Co Ltd
SHG:600348 		59.3% CN¥32.50 Billion
≈ $4.76 Billion 		CN¥13.22 Billion China Sep 2025
27926 Concurrent Technologies Plc
LSE:CNC 		59.3% GBX40.59 Million
≈ $4.94K 		GBX16.52 Million UK Jun 2025
27927 Boyd Group Services Inc.
TO:BYD 		59.3% CA$848.24 Million
≈ $613.60 Million 		CA$345.36 Million Canada Sep 2025
27928 MasterBrand Inc.
NYSE:MBC 		59.3% $1.34 Billion $547.70 Million USA Dec 2025
27929 MASTERBRAND INC. DL-001
F:D55 		59.3% €1.34 Billion
≈ $1.57 Billion 		€547.70 Million Germany Dec 2025
27930 Procter & Gamble Company
NYSE:PG 		59.2% $53.32 Billion $21.74 Billion USA Dec 2025
27931 Cosmos Health Inc.
NASDAQ:COSM 		59.2% $18.42 Million $7.52 Million USA Mar 2026
27932 COSMOS HEALTH NEW DL-01
F:V67A 		59.2% €18.42 Million
≈ $21.54 Million 		€7.52 Million Germany Dec 2025
27933 P/f Bakkafrost
OL:BAKKA 		59.2% Nkr11.04 Billion
≈ $1.16 Billion 		Nkr4.51 Billion Norway Dec 2025
27934 Heineken
AS:HEIA 		59.1% €20.61 Billion
≈ $24.10 Billion 		€8.42 Billion Netherlands Dec 2025
27935 HEINEKEN SP. ADR 1/2
F:HNK2 		59.1% €20.61 Billion
≈ $24.10 Billion 		€8.42 Billion Germany Dec 2025
27936 Alcon AG
SW:ALC 		59.1% CHF22.02 Billion
≈ $27.84 Billion 		CHF9.00 Billion Switzerland Dec 2025
27937 Ningbo Changhong Polymer Scientific & Technical Inc
SHG:605008 		59.1% CN¥2.03 Billion
≈ $296.88 Million 		CN¥829.58 Million China Sep 2025
27938 Rollins Inc
NYSE:ROL 		59.1% $1.38 Billion $565.72 Million USA Mar 2026
27939 SMX (Security Matters) Public Limited Company Class A Ordinary Shares
NASDAQ:SMX 		59.0% $19.32 Million $7.92 Million USA Dec 2025
27940 Viewbix Inc. Common Stock
NASDAQ:VBIX 		59.0% $4.99 Million $2.04 Million USA Dec 2025
27941 Guizhou Chitianhua Co Ltd
SHG:600227 		59.0% CN¥2.24 Billion
≈ $328.21 Million 		CN¥919.71 Million China Mar 2026
27942 Traton SE
F:8TRA 		58.9% €18.95 Billion
≈ $22.16 Billion 		€7.78 Billion Germany Mar 2026
27943 IONOS GROUP N
XETRA:IOS 		58.9% €299.01 Million
≈ $349.58 Million 		€122.76 Million Germany Dec 2025
27944 Douglas Dynamics Inc
NYSE:PLOW 		58.9% $279.43 Billion $114.75 Billion USA Mar 2026
27945 Adtran Networks SE
F:ADV 		58.9% €345.83 Million
≈ $404.31 Million 		€142.10 Million Germany Jun 2025
27946 Compania General de Electricidad SA
SN:CGE 		58.9% CL$1.51 Trillion
≈ $1.68 Billion 		CL$618.57 Billion Chile Jun 2025
27947 Alkami Technology Inc
NASDAQ:ALKT 		58.9% $370.65 Million $152.32 Million USA Mar 2026
27948 Broadridge Financial Solutions Inc
NYSE:BR 		58.9% $2.82 Billion $1.16 Billion USA Mar 2026
27949 Alithya Group Inc
NASDAQ:ALYAF 		58.9% $155.27 Million $63.86 Million USA Dec 2025
27950 Wolverine World Wide Inc
NYSE:WWW 		58.9% $433.00 Million $178.10 Million USA Mar 2026
27951 Viscom AG
XETRA:V6C 		58.9% €39.59 Million
≈ $46.29 Million 		€16.29 Million Germany Mar 2026
27952 CML Microsystems Plc
LSE:CML 		58.8% GBX49.35 Million
≈ $6.00K 		GBX20.32 Million UK Sep 2025
27953 Premium Snacks Nordic AB
ST:SNX 		58.8% Skr91.96 Million
≈ $9.90 Million 		Skr37.88 Million Sweden Mar 2026
27954 Sharda Cropchem Limited
NSE:SHARDACROP 		58.8% Rs26.76 Billion
≈ $289.39 Million 		Rs11.02 Billion India Sep 2025
27955 SenzaGen AB
ST:SENZA 		58.8% Skr74.24 Million
≈ $7.99 Million 		Skr30.59 Million Sweden Sep 2025
27956 Kolon Corp
KO:002025 		58.8% ₩2.61 Trillion
≈ $1.77 Billion 		₩1.08 Trillion Korea Mar 2026
27957 UPHEALTH INC
F:5XV 		58.8% Annual €55.10 Million
≈ $64.42 Million 		€22.72 Million Germany Dec 2023
27958 Therma Bright Inc
V:THRM 		58.8% CA$1.14 Million
≈ $826.58K 		CA$471.21K Canada Apr 2025
27959 Maximus Inc
NYSE:MMS 		58.8% $1.70 Billion $699.92 Million USA Mar 2026
27960 Diaceutics PLC
LSE:DXRX 		58.7% GBX37.24 Million
≈ $4.53K 		GBX15.36 Million UK Jun 2025
27961 Earlypay Ltd
AU:EPY 		58.7% AU$70.10 Million
≈ $49.60 Million 		AU$28.92 Million Australia Dec 2025
27962 Yellow Pages Limited
TO:Y 		58.7% CA$51.84 Million
≈ $37.50 Million 		CA$21.40 Million Canada Dec 2025
27963 Shenyang Blue Silver Ind Auto
SHE:300293 		58.7% CN¥743.75 Million
≈ $108.83 Million 		CN¥307.05 Million China Mar 2026
27964 Stockwik Forvaltning AB
ST:STWK 		58.7% Skr189.90 Million
≈ $20.44 Million 		Skr78.40 Million Sweden Sep 2025
27965 Janus Henderson Group PLC
F:HDJA 		58.7% €6.12 Billion
≈ $7.15 Billion 		€2.53 Billion Germany Dec 2025
27966 Reynolds Consumer Products Inc
NASDAQ:REYN 		58.6% $2.27 Billion $937.00 Million USA Mar 2026
27967 Abeo SAS
PA:ABEO 		58.6% €110.10 Million
≈ $128.72 Million 		€45.55 Million France Sep 2025
27968 AG Anadolu Group Holding
IS:AGHOL 		58.6% TL307.59 Billion
≈ $6.89 Billion 		TL127.27 Billion Turkey Sep 2025
27969 Heineken Holding NV
AS:HEIO 		58.6% €20.34 Billion
≈ $23.77 Billion 		€8.42 Billion Netherlands Dec 2025
27970 Gospell Digital Technology Co Ltd
SHE:002848 		58.6% CN¥82.60 Million
≈ $12.09 Million 		CN¥34.22 Million China Mar 2026
27971 STS Group AG
XETRA:SF3 		58.5% €42.70 Million
≈ $49.92 Million 		€17.70 Million Germany Jun 2025
27972 Fragbite Group AB
ST:FRAG 		58.5% Skr63.64 Million
≈ $6.85 Million 		Skr26.39 Million Sweden Mar 2025
27973 CJ ENM CO. Ltd
KQ:035760 		58.5% ₩3.45 Trillion
≈ $2.34 Billion 		₩1.43 Trillion Korea Dec 2025
27974 Xplus SA
WAR:XPL 		58.5% zł17.64 Million
≈ $4.85 Million 		zł7.32 Million Poland Sep 2025
27975 Henan Qingshuiyuan Technology Co Ltd
SHE:300437 		58.5% CN¥1.41 Billion
≈ $205.92 Million 		CN¥584.14 Million China Sep 2025
27976 Crypto Blockchain Industries SA
PA:ALCBI 		58.5% €9.52 Million
≈ $11.13 Million 		€3.95 Million France Sep 2025
27977 Bang & Olufsen
CO:BO 		58.5% Dkr1.03 Billion
≈ $160.53 Million 		Dkr426.00 Million Denmark Nov 2025
27978 Ahlers AG
F:AAH 		58.5% €41.84 Million
≈ $48.92 Million 		€17.38 Million Germany May 2023
27979 XL Axiata Tbk PT
JK:EXCL 		58.5% Rp32.00 Trillion
≈ $1.87 Billion 		Rp13.29 Trillion Indonesia Sep 2025
27980 Westrock Coffee Company
NASDAQ:WEST 		58.4% $253.19 Million $105.20 Million USA Mar 2026
27981 Delivery Hero SE
XETRA:DHER 		58.4% €1.79 Billion
≈ $2.10 Billion 		€745.70 Million Germany Dec 2025
27982 Laboratory Corporation of America Holdings
NYSE:LH 		58.4% $8.75 Billion $3.64 Billion USA Mar 2026
27983 Green Hydrogen Systems AS
CO:GREENH 		58.4% Dkr673.08 Million
≈ $105.31 Million 		Dkr279.99 Million Denmark Jun 2024
27984 Bidvest Group Ltd
JSE:BVT 		58.4% ZAC41.41 Billion
≈ $22.01 Million 		ZAC17.23 Billion South Africa Jun 2025
27985 Kanger International Bhd
KLSE:0170 		58.4% RM216.94 Million
≈ $54.47 Million 		RM90.29 Million Malaysia Dec 2025
27986 Reliance Global Group Inc
NASDAQ:RELI 		58.4% $7.42 Million $3.09 Million USA Mar 2026
27987 Reliance Global Group, Inc.
NASDAQ:EZRA 		58.4% $7.42 Million $3.09 Million USA Mar 2026
27988 Stem Inc
NYSE:STEM 		58.3% $372.05 Million $155.01 Million USA Mar 2024
27989 Tornado Global Hydrovacs Ltd
V:TGH 		58.3% CA$47.38 Million
≈ $34.27 Million 		CA$19.77 Million Canada Sep 2025
27990 Kancera AB (publ)
ST:KAN 		58.3% Skr43.12 Million
≈ $4.64 Million 		Skr18.00 Million Sweden Jun 2025
27991 Ninety One PLC
JSE:N91 		58.2% ZAC702.60 Million
≈ $373.40K 		ZAC293.50 Million South Africa Mar 2026
27992 NIB Holdings Ltd
AU:NHF 		58.2% AU$1.11 Billion
≈ $788.44 Million 		AU$465.60 Million Australia Dec 2025
27993 Bilendi
PA:ALBLD 		58.2% €42.31 Million
≈ $49.47 Million 		€17.68 Million France Jun 2025
27994 AfroCentric Investment Corp
JSE:ACT 		58.2% ZAC3.33 Billion
≈ $1.77 Million 		ZAC1.39 Billion South Africa Jun 2025
27995 Argo Blockchain PLC ADR
NASDAQ:ARBK 		58.1% $12.90 Million $5.40 Million USA Dec 2025
27996 Serena Energia S.A.
SA:SRNA3 		58.1% R$5.44 Billion
≈ $1.07 Billion 		R$2.28 Billion Brazil Mar 2025
27997 JIADE LIMITED Common stock
NASDAQ:JDZG 		58.1% $120.81 Million $50.63 Million USA Mar 2026
27998 ConvaTec Group PLC
LSE:CTEC 		58.1% GBX1.81 Billion
≈ $220.37K 		GBX759.30 Million UK Jun 2025
27999 Bel Fuse A Inc
NASDAQ:BELFA 		58.0% $518.67 Million $217.97 Million USA Dec 2025
28000 Ameriprise Financial Inc
NYSE:AMP 		58.0% $6.21 Billion $2.61 Billion USA Mar 2026