Companies by Tangible Net Worth Ratio
Proportion of net assets (equity) backed by tangible assets — excludes goodwill and intangible assets
Average Tangible NW Ratio
57.2%
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 |
|---|---|---|---|---|---|---|
| 28001 |
G.M. LEATHER S.P.A.
F:N78 |
57.9% |
€13.56 Million
≈ $15.85 Million |
€5.70 Million | Germany | Dec 2025 |
| 28002 |
Kforce Inc.
NYSE:KFRC |
57.9% | $124.60 Million | $52.42 Million | USA | Dec 2025 |
| 28003 |
Huaibei Mining Holdings Co Ltd
SHG:600985 |
57.9% |
CN¥45.79 Billion
≈ $6.70 Billion |
CN¥19.27 Billion | China | Sep 2025 |
| 28004 |
Koninklijke BAM Groep NV
AS:BAMNB |
57.9% |
€885.90 Million
≈ $1.04 Billion |
€372.80 Million | Netherlands | Jun 2025 |
| 28005 |
Kellanova
NYSE:K |
57.9% | $4.29 Billion | $1.81 Billion | USA | Sep 2025 |
| 28006 |
Certara Inc
NASDAQ:CERT |
57.9% | $1.06 Billion | $447.48 Million | USA | Dec 2025 |
| 28007 |
Dataproces Group A/S
CO:DATA |
57.9% |
Dkr50.94 Million
≈ $7.97 Million |
Dkr21.45 Million | Denmark | Jan 2026 |
| 28008 |
Nuvve Holding Corp
NASDAQ:NVVE |
57.9% | $2.53 Million | $1.07 Million | USA | Dec 2025 |
| 28009 |
Profithol S.A.
MC:SPH |
57.9% |
€2.11 Million
≈ $2.47 Million |
€889.46K | Spain | Dec 2024 |
| 28010 |
Substrate AI S.A.
MC:SAI |
57.9% |
€45.13 Million
≈ $52.76 Million |
€19.01 Million | Spain | Jun 2025 |
| 28011 |
Amesite Operating Co
NASDAQ:AMST |
57.8% | $1.30 Million | $549.96K | USA | Mar 2026 |
| 28012 |
Shanghai Jin Jiang International Hotels Development Co Ltd B
SHG:900934 |
57.8% | $16.40 Billion | $6.92 Billion | China | Mar 2026 |
| 28013 |
Shanghai Jin Jiang International Hotels Development Co Ltd A
SHG:600754 |
57.8% |
CN¥16.40 Billion
≈ $2.40 Billion |
CN¥6.92 Billion | China | Mar 2026 |
| 28014 |
Shanxi Xishan Coal and Electricity Power Co Ltd
SHE:000983 |
57.7% |
CN¥48.05 Billion
≈ $7.03 Billion |
CN¥20.30 Billion | China | Mar 2026 |
| 28015 |
GS TECHS LTD (DI)
F:6Y3 |
57.7% |
€10.13 Million
≈ $11.84 Million |
€4.28 Million | Germany | Sep 2025 |
| 28016 |
Reworld Media
PA:ALREW |
57.7% |
€251.50 Million
≈ $294.03 Million |
€106.31 Million | France | Dec 2025 |
| 28017 |
GSTechnologies Ltd
LSE:GST |
57.7% |
GBX10.12 Million
≈ $1.23K |
GBX4.28 Million | UK | Sep 2025 |
| 28018 |
KON. KPN NV ADR/1 O.N.
F:KPNB |
57.7% |
€3.44 Billion
≈ $4.02 Billion |
€1.46 Billion | Germany | Jun 2025 |
| 28019 |
eQ Oyj
HE:EQV1V |
57.7% |
€69.06 Million
≈ $80.74 Million |
€29.21 Million | Finland | Dec 2025 |
| 28020 |
Anhui Hengyuan Coal Industry and Electricity Power Co Ltd
SHG:600971 |
57.6% |
CN¥12.38 Billion
≈ $1.81 Billion |
CN¥5.24 Billion | China | Mar 2026 |
| 28021 |
HYDROGEN UTOPIA INT.-001
F:D60 |
57.6% |
€1.43 Million
≈ $1.67 Million |
€606.12K | Germany | Jun 2025 |
| 28022 |
Optiva Inc
TO:OPT |
57.6% |
CA$60.17 Million
≈ $43.53 Million |
CA$25.51 Million | Canada | Sep 2017 |
| 28023 |
Ingersoll Rand Inc
NYSE:IR |
57.6% | $10.19 Billion | $4.32 Billion | USA | Sep 2025 |
| 28024 |
Generation Income Properties Inc
NASDAQ:GIPR |
57.6% | $21.74 Million | $9.22 Million | USA | Mar 2026 |
| 28025 |
Intelligent Protection Management Corp
NASDAQ:IPM |
57.6% | $18.19 Million | $7.72 Million | USA | Dec 2025 |
| 28026 |
Globalstar, Inc. Common Stock
NASDAQ:GSAT |
57.6% | $342.82 Million | $145.52 Million | USA | Mar 2026 |
| 28027 |
Respiri Ltd
AU:RSH |
57.5% |
AU$4.82 Million
≈ $3.41 Million |
AU$2.04 Million | Australia | Dec 2024 |
| 28028 |
Rentokil Initial PLC
NYSE:RTO |
57.5% | $5.49 Billion | $2.33 Billion | USA | Dec 2025 |
| 28029 |
RENTOKIL INITIAL ADR/5
F:RTO |
57.5% |
€5.49 Billion
≈ $6.42 Billion |
€2.33 Billion | Germany | Dec 2025 |
| 28030 |
Midsona AB (publ)
ST:MSON-A |
57.5% |
Skr2.93 Billion
≈ $315.64 Million |
Skr1.25 Billion | Sweden | Dec 2025 |
| 28031 |
Grupo Aeroméxico S.A.B. de C.V
MX:AEROMEX |
57.5% |
MX$5.03 Billion
≈ $289.63 Million |
MX$2.14 Billion | Mexico | Mar 2020 |
| 28032 |
Minerva S.A
SA:BEEF3 |
57.5% |
R$1.86 Billion
≈ $364.19 Million |
R$789.03 Million | Brazil | Mar 2026 |
| 28033 |
Volution Group plc
LSE:FAN |
57.5% |
GBX269.99 Million
≈ $32.85K |
GBX114.83 Million | UK | Jul 2025 |
| 28034 |
Synnex Corporation
NYSE:SNX |
57.5% | $8.78 Billion | $3.74 Billion | USA | Feb 2026 |
| 28035 |
Wicaksana Overseas International
JK:WICO |
57.5% |
Rp5.70 Billion
≈ $334.09K |
Rp2.43 Billion | Indonesia | Dec 2023 |
| 28036 |
Pason Systems Inc.
TO:PSI |
57.4% |
CA$476.29 Million
≈ $344.54 Million |
CA$202.83 Million | Canada | Mar 2026 |
| 28037 |
Eagle Pharmaceuticals Inc
NASDAQ:EGRX |
57.4% | $252.04 Million | $107.41 Million | USA | Jun 2023 |
| 28038 |
Clearway Energy Inc
NYSE:CWEN-A |
57.3% | $5.57 Billion | $2.38 Billion | USA | Mar 2026 |
| 28039 |
Corero Network Security plc
LSE:CNS |
57.3% |
GBX16.64 Million
≈ $2.02K |
GBX7.10 Million | UK | Jun 2025 |
| 28040 |
Western Union Co
NYSE:WU |
57.3% | $910.50 Million | $388.80 Million | USA | Mar 2026 |
| 28041 |
Magnora ASA
OL:MGN |
57.3% |
Nkr316.20 Million
≈ $33.27 Million |
Nkr135.10 Million | Norway | Mar 2026 |
| 28042 |
Live Verdure Ltd
AU:LV1 |
57.3% |
AU$2.64 Million
≈ $1.87 Million |
AU$1.13 Million | Australia | Jun 2024 |
| 28043 |
Open Text Corp
NASDAQ:OTEX |
57.2% | $4.05 Billion | $1.73 Billion | USA | Dec 2025 |
| 28044 |
Open Text Corp
TO:OTEX |
57.2% |
CA$4.05 Billion
≈ $2.93 Billion |
CA$1.73 Billion | Canada | Dec 2025 |
| 28045 |
Unibel S.A
PA:UNBL |
57.2% |
€1.45 Billion
≈ $1.69 Billion |
€619.50 Million | France | Dec 2024 |
| 28046 |
RBC Bearings Incorporated
NYSE:RBC |
57.2% | $3.26 Billion | $1.40 Billion | USA | Dec 2025 |
| 28047 |
Shengli Oil & Gas Pipe Holdings Limited
F:GSG |
57.2% |
€378.99 Million
≈ $443.08 Million |
€162.23 Million | Germany | Dec 2025 |
| 28048 |
Ohmyhome Limited Ordinary Shares
NASDAQ:OMH |
57.2% | $4.29 Million | $1.84 Million | USA | Mar 2026 |
| 28049 |
Nano X Imaging Ltd
NASDAQ:NNOX |
57.2% | $139.73 Million | $59.87 Million | USA | Mar 2026 |
| 28050 |
Laboratorios Richmond SACIF
BA:RICH |
57.2% |
AR$72.73 Billion
≈ $52.63 Million |
AR$31.16 Billion | Argentina | Sep 2025 |
| 28051 |
Valmet Oyj
HE:VALMT |
57.1% |
€2.47 Billion
≈ $2.89 Billion |
€1.06 Billion | Finland | Sep 2025 |
| 28052 |
NHN Bugs Corp
KQ:104200 |
57.1% |
₩55.20 Billion
≈ $37.41 Million |
₩23.67 Billion | Korea | Sep 2025 |
| 28053 |
ad pepper media International N.V
XETRA:APM |
57.1% |
€36.49 Million
≈ $42.66 Million |
€15.65 Million | Germany | Sep 2025 |
| 28054 |
Done.ai Group AB
ST:DONE |
57.1% |
Skr553.95 Million
≈ $59.61 Million |
Skr237.68 Million | Sweden | Dec 2025 |
| 28055 |
GreenTech Environmental Co Ltd
SHG:688466 |
57.0% |
CN¥1.20 Billion
≈ $175.45 Million |
CN¥515.02 Million | China | Mar 2026 |
| 28056 |
Anheuser Busch Inbev SA NV
BR:ABI |
57.0% |
€97.75 Billion
≈ $114.28 Billion |
€41.99 Billion | Belgium | Dec 2025 |
| 28057 |
Quanterix Corp
NASDAQ:QTRX |
57.0% | $314.53 Million | $135.15 Million | USA | Sep 2025 |
| 28058 |
MLP Saglik Hizmetleri AS
IS:MPARK |
57.0% |
TL42.22 Billion
≈ $945.66 Million |
TL18.15 Billion | Turkey | Mar 2026 |
| 28059 |
Qantas Airways Ltd
AU:QAN |
57.0% |
AU$1.35 Billion
≈ $954.50 Million |
AU$580.00 Million | Australia | Dec 2025 |
| 28060 |
SGH Ltd
AU:SGH |
57.0% |
AU$5.16 Billion
≈ $3.65 Billion |
AU$2.22 Billion | Australia | Dec 2025 |
| 28061 |
Paradox Interactive AB (publ)
ST:PDX |
57.0% |
Skr2.59 Billion
≈ $278.84 Million |
Skr1.12 Billion | Sweden | Mar 2026 |
| 28062 |
ESCO Technologies Inc
NYSE:ESE |
57.0% | $1.59 Billion | $682.37 Million | USA | Mar 2026 |
| 28063 |
Maravai Lifesciences Holdings Inc
NASDAQ:MRVI |
57.0% | $431.86 Million | $185.88 Million | USA | Sep 2025 |
| 28064 |
Ningbo Marine Co Ltd
SHG:600798 |
57.0% |
CN¥5.02 Billion
≈ $734.90 Million |
CN¥2.16 Billion | China | Sep 2025 |
| 28065 |
Eleco PLC
LSE:ELCO |
56.9% |
GBX31.70 Million
≈ $3.86K |
GBX13.66 Million | UK | Jun 2025 |
| 28066 |
Onfolio Holdings Inc
NASDAQ:ONFO |
56.9% | $3.91 Trillion | $1.68 Trillion | USA | Dec 2025 |
| 28067 |
Bakrie Sumatera Plantations
JK:UNSP |
56.9% |
Rp507.78 Billion
≈ $29.75 Million |
Rp219.04 Billion | Indonesia | Sep 2017 |
| 28068 |
Scandinavian Enviro Systems AB
ST:SES |
56.9% |
Skr225.79 Million
≈ $24.30 Million |
Skr97.40 Million | Sweden | Dec 2025 |
| 28069 |
SCANDIN.ENVIRO SYSTEMS AB
F:1HR |
56.9% |
€225.79 Million
≈ $263.97 Million |
€97.40 Million | Germany | Dec 2025 |
| 28070 |
Era Graharealty PT Tbk
JK:IPAC |
56.8% |
Rp38.80 Billion
≈ $2.27 Million |
Rp16.75 Billion | Indonesia | Mar 2026 |
| 28071 |
Lectra SA
PA:LSS |
56.8% |
€360.29 Million
≈ $421.22 Million |
€155.53 Million | France | Dec 2025 |
| 28072 |
XiAn Tourism Co Ltd
SHE:000610 |
56.8% |
CN¥126.35 Million
≈ $18.49 Million |
CN¥54.55 Million | China | Sep 2025 |
| 28073 |
Petro Rio S.A.
SA:PRIO3 |
56.8% |
R$26.32 Billion
≈ $5.16 Billion |
R$11.36 Billion | Brazil | Mar 2026 |
| 28074 |
Myriad Genetics Inc
NASDAQ:MYGN |
56.8% | $337.40 Million | $145.70 Million | USA | Mar 2026 |
| 28075 |
Affle (India) Limited
NSE:AFFLE |
56.8% |
Rs32.56 Billion
≈ $352.14 Million |
Rs14.06 Billion | India | Sep 2025 |
| 28076 |
KOYJ Co. Ltd
KQ:121850 |
56.8% |
₩1.20 Billion
≈ $811.95K |
₩517.73 Million | Korea | Dec 2025 |
| 28077 |
Geely Automobile Holdings Limited
F:GRUA |
56.7% |
€92.10 Billion
≈ $107.67 Billion |
€39.88 Billion | Germany | Jun 2025 |
| 28078 |
Shanghai Hongda New Material Co Ltd
SHE:002211 |
56.7% |
CN¥48.27 Million
≈ $7.06 Million |
CN¥20.91 Million | China | Mar 2026 |
| 28079 |
EQTEC plc
LSE:EQT |
56.7% |
£4.59 Million
≈ $6.17 Million |
£1.99 Million | UK | Jun 2025 |
| 28080 |
Breville Group Ltd
AU:BRG |
56.6% |
AU$1.05 Billion
≈ $741.54 Million |
AU$454.42 Million | Australia | Dec 2025 |
| 28081 |
Betta Pharmaceuticals Co Ltd
SHE:300558 |
56.6% |
CN¥6.86 Billion
≈ $1.00 Billion |
CN¥2.98 Billion | China | Mar 2026 |
| 28082 |
Twin Hospitality Group Inc.
NASDAQ:TWNP |
56.6% Annual | $60.18 Million | $26.10 Million | USA | Dec 2022 |
| 28083 |
Dynatronics Corporation
NASDAQ:DYNT |
56.6% | $3.06 Million | $1.33 Million | USA | Sep 2025 |
| 28084 |
Carrier Global Corp
NYSE:CARR |
56.6% | $13.80 Billion | $5.99 Billion | USA | Mar 2026 |
| 28085 |
Advanced Drainage Systems Inc
NYSE:WMS |
56.6% | $1.96 Billion | $848.53 Million | USA | Mar 2026 |
| 28086 |
Awardit AB
ST:AWRD |
56.6% |
Skr510.86 Million
≈ $54.98 Million |
Skr221.81 Million | Sweden | Jun 2024 |
| 28087 |
Yuan Longping High-tech Agriculture Co Ltd
SHE:000998 |
56.6% |
CN¥10.59 Billion
≈ $1.55 Billion |
CN¥4.60 Billion | China | Mar 2026 |
| 28088 |
Synthomer plc
LSE:SYNT |
56.5% |
GBX996.60 Million
≈ $121.26K |
GBX433.50 Million | UK | Jun 2025 |
| 28089 |
Prosegur
MC:PSG |
56.5% |
€918.60 Million
≈ $1.07 Billion |
€399.60 Million | Spain | Mar 2026 |
| 28090 |
H WORLD GROUP DL-00001
F:CL4 |
56.5% |
€12.02 Billion
≈ $14.06 Billion |
€5.24 Billion | Germany | Sep 2025 |
| 28091 |
Huazhu Group Ltd
NASDAQ:HTHT |
56.5% | $12.02 Billion | $5.24 Billion | USA | Sep 2025 |
| 28092 |
Arthur J Gallagher & Co
NYSE:AJG |
56.4% | $23.80 Billion | $10.37 Billion | USA | Mar 2026 |
| 28093 |
Paychex Inc
NASDAQ:PAYX |
56.4% | $4.01 Billion | $1.75 Billion | USA | Feb 2026 |
| 28094 |
Hawkins Inc
NASDAQ:HWKN |
56.4% | $534.01 Million | $232.89 Million | USA | Mar 2026 |
| 28095 |
Guangdong Hotata Technology Group Co Ltd Class A
SHG:603848 |
56.4% |
CN¥3.00 Billion
≈ $439.43 Million |
CN¥1.31 Billion | China | Mar 2026 |
| 28096 |
Honeywell International Inc
NASDAQ:HON |
56.4% | $15.44 Billion | $6.74 Billion | USA | Dec 2025 |
| 28097 |
Scandinavian Tobacco Group A/S
CO:STG |
56.4% |
Dkr8.40 Billion
≈ $1.31 Billion |
Dkr3.66 Billion | Denmark | Sep 2025 |
| 28098 |
Hillman Solutions Corp
NASDAQ:HLMN |
56.4% | $1.22 Billion | $530.71 Million | USA | Mar 2026 |
| 28099 |
Orange S.A.
PA:ORA |
56.3% |
€28.66 Billion
≈ $33.50 Billion |
€12.51 Billion | France | Dec 2025 |
| 28100 |
Atos SE
PA:ATO |
56.3% |
€799.00 Million
≈ $934.11 Million |
€349.00 Million | France | Dec 2024 |