Companies by Tangible Net Worth Ratio

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

Average Tangible NW Ratio

21.2%
Across companies on this page

Companies with Data

31,564
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
29701 Biomarin Pharmaceutical Inc
NASDAQ:BMRN 		22.8% $6.32 Billion $4.88 Billion USA Jun 2026
29702 Petards Group plc
LSE:PEG 		22.8% GBX6.08 Million
≈ $740.25 		GBX4.70 Million UK Jun 2025
29703 Real Heart
ST:HEART 		22.8% Skr74.35 Million
≈ $8.00 Million 		Skr57.43 Million Sweden Jun 2025
29704 HENSOLDT AG UNSP. ADS
F:HAG0 		22.7% €978.00 Million
≈ $1.14 Billion 		€756.00 Million Germany Jun 2026
29705 Hensoldt AG
F:HAG 		22.7% €978.00 Million
≈ $1.14 Billion 		€756.00 Million Germany Jun 2026
29706 Hamak Gold Ltd
LSE:HAMA 		22.7% GBX1.03 Million
≈ $124.96 		GBX794.00K UK Jun 2025
29707 Shanxi Lanhua Sci-Tech Venture Co Ltd
SHG:600123 		22.7% CN¥15.42 Billion
≈ $2.26 Billion 		CN¥11.92 Billion China Sep 2025
29708 Shanghai Guijiu Co Ltd
SHG:600696 		22.7% CN¥213.43 Million
≈ $31.23 Million 		CN¥165.04 Million China Mar 2026
29709 LS telcom AG
XETRA:LSX 		22.6% €14.77 Million
≈ $17.27 Million 		€11.43 Million Germany Sep 2025
29710 ecotel communication ag
XETRA:E4C 		22.6% €24.26 Million
≈ $28.36 Million 		€18.79 Million Germany Jun 2026
29711 Streamwide
PA:ALSTW 		22.6% €27.23 Million
≈ $31.83 Million 		€21.08 Million France Jun 2025
29712 Knosys Ltd
AU:KNO 		22.5% AU$3.55 Million
≈ $2.51 Million 		AU$2.75 Million Australia Jun 2026
29713 Forafric Global PLC Ordinary Shares
NASDAQ:AFRI 		22.5% $6.66 Million $5.16 Million USA Mar 2026
29714 Karman Holdings Inc.
NYSE:KRMN 		22.4% $421.10 Million $326.76 Million USA Jun 2026
29715 Fleetpartners Group Ltd
AU:FPR 		22.3% AU$653.75 Million
≈ $462.57 Million 		AU$507.80 Million Australia Mar 2026
29716 First Tin PLC
LSE:1SN 		22.3% GBX50.14 Million
≈ $6.10K 		GBX38.95 Million UK Dec 2025
29717 AstraZeneca PLC
MX:AZNN 		22.3% MX$48.72 Billion
≈ $2.80 Billion 		MX$37.85 Billion Mexico Dec 2025
29718 Adslot Ltd
AU:ADS 		22.3% AU$3.52 Million
≈ $2.49 Million 		AU$2.74 Million Australia Dec 2023
29719 China Yurun Food Group Limited
F:C7Y 		22.3% €2.29 Billion
≈ $2.68 Billion 		€1.78 Billion Germany Jun 2019
29720 Upsellon Brands Holdings Ltd
TA:UPSL 		22.3% ILA3.18 Million
≈ $8.51K 		ILA2.47 Million Israel Dec 2025
29721 Bike24 Holding AG
F:BIKE 		22.3% €122.37 Million
≈ $143.07 Million 		€95.14 Million Germany Sep 2025
29722 Enovis Corp
NYSE:ENOV 		22.2% $1.48 Billion $1.15 Billion USA Jun 2026
29723 AstraZeneca PLC
NASDAQ:AZN 		22.1% $47.38 Billion $36.91 Billion USA Mar 2026
29724 Bristol-Myers Squibb Company
NYSE:BMY 		22.1% $22.32 Billion $17.39 Billion USA Jun 2026
29725 Carlsberg A/S
CO:CARL-B 		22.1% Dkr30.68 Billion
≈ $4.80 Billion 		Dkr23.91 Billion Denmark Dec 2025
29726 CARLSBERG B DK20 ADR 1/5
F:CBGC 		22.1% €30.68 Billion
≈ $35.86 Billion 		€23.91 Billion Germany Dec 2025
29727 Carlsberg A/S
CO:CARL-A 		22.1% Dkr30.68 Billion
≈ $4.80 Billion 		Dkr23.91 Billion Denmark Dec 2025
29728 High Peak Royalties Ltd
AU:HPR 		22.0% AU$10.38 Million
≈ $7.34 Million 		AU$8.09 Million Australia Dec 2025
29729 Associate Global Partners Ltd
AU:APL 		22.0% AU$7.75 Million
≈ $5.48 Million 		AU$6.04 Million Australia Dec 2025
29730 SynAct Pharma AB
ST:SYNACT 		22.0% Skr193.75 Million
≈ $20.85 Million 		Skr151.14 Million Sweden Mar 2026
29731 Cosan S.A
SA:CSAN3 		22.0% R$31.91 Billion
≈ $6.26 Billion 		R$24.89 Billion Brazil Jun 2026
29732 Kofola CeskoSlovensko as
PR:KOFOL 		22.0% Kč2.12 Billion
≈ $101.73 Million 		Kč1.65 Billion Czech Republic Jun 2025
29733 CHUNGDAHM Learning Inc
KQ:096240 		21.9% ₩50.31 Billion
≈ $34.09 Million 		₩39.27 Billion Korea Sep 2025
29734 Dassault Systemes SE
PA:DSY 		21.9% €8.80 Billion
≈ $10.29 Billion 		€6.87 Billion France Dec 2025
29735 Alpcot Holding AB Series B
ST:ALPCOT-B 		21.9% Skr118.80 Million
≈ $12.78 Million 		Skr92.75 Million Sweden Jun 2026
29736 Episurf Medical AB (publ)
ST:EPIS-B 		21.9% Skr47.50 Million
≈ $5.11 Million 		Skr37.10 Million Sweden Dec 2025
29737 Prostatype Genomics AB
ST:PROGEN 		21.8% Skr36.48 Million
≈ $3.93 Million 		Skr28.52 Million Sweden Jun 2025
29738 Fidelity National Financial Inc
NYSE:FNF 		21.8% $8.81 Billion $6.89 Billion USA Jun 2026
29739 Visa Inc. Class A
NYSE:V 		21.7% $35.18 Billion $27.53 Billion USA Jun 2026
29740 Tellusgruppen AB
ST:TELLUS 		21.7% Skr54.20 Million
≈ $5.83 Million 		Skr42.44 Million Sweden Jun 2026
29741 Iconovo
ST:ICO 		21.7% Skr149.29 Million
≈ $16.07 Million 		Skr116.92 Million Sweden Jun 2026
29742 Kontigo Care AB
ST:KONT 		21.6% Skr51.72 Million
≈ $5.57 Million 		Skr40.54 Million Sweden Sep 2025
29743 Wex Inc
NYSE:WEX 		21.6% $1.34 Billion $1.05 Billion USA Jun 2026
29744 Veritone Inc
NASDAQ:VERI 		21.6% $37.87 Million $29.69 Million USA Jun 2026
29745 Lafarge Malayan Cement Bhd
KLSE:3794 		21.4% RM7.07 Billion
≈ $1.77 Billion 		RM5.55 Billion Malaysia Sep 2025
29746 Sports Entertainment Group Ltd
AU:SEG 		21.4% AU$61.92 Million
≈ $43.82 Million 		AU$48.65 Million Australia Jun 2026
29747 Hillenbrand Inc
NYSE:HI 		21.4% $1.42 Billion $1.12 Billion USA Dec 2025
29748 Lammhults Design Group AB (publ)
ST:LAMM-B 		21.3% Skr379.10 Million
≈ $40.80 Million 		Skr298.20 Million Sweden Jun 2026
29749 Hexatronic Group AB
ST:HTRO 		21.3% Skr3.63 Billion
≈ $390.32 Million 		Skr2.86 Billion Sweden Mar 2026
29750 Faron Pharmaceuticals Oy
LSE:FARN 		21.2% GBX1.38 Million
≈ $167.78 		GBX1.09 Million UK Jun 2024
29751 Archtis Ltd
AU:AR9 		21.2% AU$24.92 Million
≈ $17.63 Million 		AU$19.64 Million Australia Dec 2025
29752 Sigma Healthcare Ltd
AU:SIG 		21.1% AU$4.89 Billion
≈ $3.46 Billion 		AU$3.86 Billion Australia Oct 2025
29753 Moovly Media Inc
V:MVY 		21.1% CA$896.04K
≈ $648.18K 		CA$706.92K Canada Jun 2017
29754 Spenda Ltd
AU:SPX 		21.1% AU$11.04 Million
≈ $7.81 Million 		AU$8.71 Million Australia Dec 2025
29755 Yankuang Energy Group Co Ltd
SHG:600188 		21.0% CN¥118.06 Billion
≈ $17.28 Billion 		CN¥93.28 Billion China Sep 2025
29756 GENINCODE PLC LS -01
F:9PL 		21.0% €124.00K
≈ $144.97K 		€98.00K Germany Dec 2025
29757 mF International Limited Ordinary Shares
NASDAQ:MFI 		21.0% $22.23 Million $17.57 Million USA Jun 2025
29758 HealWELL AI Inc.
TO:AIDX 		20.9% CA$131.26 Million
≈ $94.96 Million 		CA$103.78 Million Canada Jun 2026
29759 Bayer AG NA
XETRA:BAYN 		20.9% €26.06 Billion
≈ $30.47 Billion 		€20.62 Billion Germany Dec 2025
29760 Tangiamo Touch Technology AB
ST:TANGI 		20.8% Skr43.80 Million
≈ $4.71 Million 		Skr34.68 Million Sweden Sep 2025
29761 CSL LTD SPON.ADR 2
F:CSJA 		20.8% €20.55 Billion
≈ $24.02 Billion 		€16.28 Billion Germany Dec 2024
29762 TomCo Energy Plc
LSE:TOM 		20.7% GBX5.71 Million
≈ $694.38 		GBX4.53 Million UK Mar 2024
29763 E-Pango SA
PA:ALAGO 		20.7% €1.08 Million
≈ $1.26 Million 		€854.50K France Dec 2022
29764 TELUS International
TO:TIXT 		20.7% CA$1.69 Billion
≈ $1.23 Billion 		CA$1.34 Billion Canada Jun 2025
29765 John Wiley & Sons
NYSE:WLY 		20.7% $749.98 Million $595.10 Million USA Jan 2026
29766 Wisetech Global Ltd
AU:WTC 		20.6% AU$2.73 Billion
≈ $1.93 Billion 		AU$2.17 Billion Australia Dec 2025
29767 Valeo SA
PA:FR 		20.6% €4.07 Billion
≈ $4.76 Billion 		€3.23 Billion France Dec 2025
29768 Nukkleus Inc
NASDAQ:NUKK 		20.6% $7.99 Million $6.34 Million USA Jun 2023
29769 Nukkleus Inc
NASDAQ:NUKKW 		20.6% $7.99 Million $6.34 Million USA Jun 2023
29770 Axiom Properties Ltd
AU:AXI 		20.5% AU$2.30 Million
≈ $1.63 Million 		AU$1.83 Million Australia Jun 2026
29771 Jiangxi Changyun Co Ltd
SHG:600561 		20.5% CN¥1.12 Billion
≈ $164.30 Million 		CN¥892.20 Million China Mar 2026
29772 Emova Group SA
PA:ALEMV 		20.5% €30.07 Million
≈ $35.16 Million 		€23.92 Million France Sep 2025
29773 Buff Technologies Ltd
TA:BUFT 		20.4% ILA514.00K
≈ $1.38K 		ILA409.00K Israel Jun 2024
29774 EVE Health Group Limited
AU:EVE 		20.3% AU$3.76 Million
≈ $2.66 Million 		AU$3.00 Million Australia Dec 2025
29775 RAKUTEN GROUP SPONS.ADR 1
F:RAKA 		20.3% €1.35 Trillion
≈ $1.58 Trillion 		€1.08 Trillion Germany Dec 2025
29776 Zhejiang Feida Environmental Science & Technology Co Ltd
SHG:600526 		20.3% CN¥4.97 Billion
≈ $726.85 Million 		CN¥3.96 Billion China Jun 2026
29777 Connexa Sports Technologies Inc.
NASDAQ:YYAI 		20.3% $172.24 Million $137.33 Million USA Jul 2026
29778 PSMC CO. Ltd
KQ:024850 		20.3% ₩220.14 Billion
≈ $149.19 Million 		₩175.53 Billion Korea Sep 2025
29779 Complii Fintech Solutions Ltd
AU:CF1 		20.3% AU$5.01 Million
≈ $3.55 Million 		AU$4.00 Million Australia Jun 2025
29780 Nordic Iron Ore
ST:NIO 		20.1% Skr258.38 Million
≈ $27.81 Million 		Skr206.50 Million Sweden Sep 2025
29781 Brinks Company
NYSE:BCO 		20.1% $442.40 Million $353.60 Million USA Jun 2026
29782 Mulberry Group PLC
LSE:MUL 		20.0% GBX10.88 Million
≈ $1.32K 		GBX8.70 Million UK Mar 2024
29783 Groupe Tera SA
PA:ALGTR 		20.0% €2.22 Million
≈ $2.59 Million 		€1.77 Million France Jun 2025
29784 Crunchfish AB
ST:CFISH 		20.0% Skr54.53 Million
≈ $5.87 Million 		Skr43.64 Million Sweden Jun 2026
29785 Kentima Holding publ AB
ST:KENH 		19.9% Skr36.91 Million
≈ $3.97 Million 		Skr29.57 Million Sweden Dec 2025
29786 IDREAMSKY TE+H. DL-0001
F:08IA 		19.8% €1.53 Billion
≈ $1.79 Billion 		€1.23 Billion Germany Jun 2025
29787 LIGHTON
PA:ALTAI 		19.8% €4.08 Million
≈ $4.77 Million 		€3.27 Million France Dec 2025
29788 Perrigo Company plc
F:PIG 		19.7% €2.94 Billion
≈ $3.43 Billion 		€2.36 Billion Germany Dec 2025
29789 Check Point Software Technologies Ltd
NASDAQ:CHKP 		19.7% $2.74 Billion $2.20 Billion USA Jun 2026
29790 Wiz Soluções e Corretagem de Seguros S.A
SA:WIZC3 		19.6% R$1.34 Billion
≈ $263.51 Million 		R$1.08 Billion Brazil Jun 2026
29791 Tomra Systems ASA
OL:TOM 		19.6% Nkr546.00 Million
≈ $57.45 Million 		Nkr439.00 Million Norway Jun 2025
29792 aXichem AB
ST:AXIC-A 		19.5% Skr58.07 Million
≈ $6.25 Million 		Skr46.72 Million Sweden Sep 2025
29793 Shenzhen CAU Technology Co Ltd
SHE:000004 		19.5% CN¥44.24 Million
≈ $6.47 Million 		CN¥35.62 Million China Sep 2025
29794 M&C Saatchi
LSE:SAA 		19.4% GBX39.53 Million
≈ $4.81K 		GBX31.87 Million UK Jun 2025
29795 Orange Belgium SA
BR:OBEL 		19.4% €1.01 Billion
≈ $1.18 Billion 		€813.33 Million Belgium Dec 2025
29796 Geneuro SA
PA:GNRO 		19.4% €1.41 Million
≈ $1.65 Million 		€1.14 Million France Dec 2022
29797 Huitong Construction Group Co.Ltd.
SHG:603176 		19.3% CN¥1.27 Billion
≈ $186.15 Million 		CN¥1.03 Billion China Jun 2025
29798 Wangneng Environment Co Ltd
SHE:002034 		19.3% CN¥7.57 Billion
≈ $1.11 Billion 		CN¥6.10 Billion China Mar 2026
29799 Tractial S.A.
PA:ALTRA 		19.3% €1.87 Million
≈ $2.19 Million 		€1.51 Million France Jun 2025
29800 Everi Holdings Inc
NYSE:EVRI 		19.2% $264.20 Million $213.47 Million USA Mar 2025