Companies by Tangible Net Worth Ratio

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

Average Tangible NW Ratio

-108.5%
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
30601 D-MARKET E.S.+T.SP.ADR/1B
F:8WZ 		-92.5% €2.01 Billion
≈ $2.35 Billion 		€3.87 Billion Germany Dec 2025
30602 Tabcorp Holdings Ltd
AU:TAH 		-92.8% AU$1.27 Billion
≈ $896.70 Million 		AU$2.44 Billion Australia Dec 2025
30603 Gansu Golden Glass Technologies Co Ltd
SHE:300093 		-93.0% CN¥28.82 Million
≈ $4.22 Million 		CN¥55.62 Million China Dec 2023
30604 Diversified Royalty Corp
TO:DIV 		-93.7% CA$288.59 Million
≈ $208.76 Million 		CA$558.92 Million Canada Dec 2025
30605 Stingray Group Inc
TO:RAY-B 		-93.8% CA$285.17 Million
≈ $206.29 Million 		CA$552.60 Million Canada Dec 2025
30606 Stingray Group Inc
TO:RAY-A 		-93.8% CA$285.17 Million
≈ $206.29 Million 		CA$552.60 Million Canada Dec 2025
30607 Cardinal Health Inc
NYSE:CAH 		-93.9% $1.00 Billion $1.94 Billion USA Dec 2021
30608 GEK TERNA Holdings Real Estate Construction S.A
AT:GEKTERNA 		-94.3% €1.91 Billion
≈ $2.23 Billion 		€3.70 Billion Greece Jun 2025
30609 DynaCERT Inc.
TO:DYA 		-94.3% CA$326.30K
≈ $236.04K 		CA$634.08K Canada Mar 2025
30610 Sinocelltech Group Ltd
SHG:688520 		-94.6% CN¥104.80 Million
≈ $15.34 Million 		CN¥203.98 Million China Jun 2025
30611 Grupo Aeroportuario del Centro Norte S.A.B. de C.V
MX:OMAB 		-94.9% MX$10.22 Billion
≈ $588.20 Million 		MX$19.92 Billion Mexico Sep 2025
30612 Dave & Buster’s Entertainment
NASDAQ:PLAY 		-95.4% $91.20 Million $178.20 Million USA Jan 2026
30613 Obiz Concept SAS
PA:ALBIZ 		-95.4% €7.04 Million
≈ $8.23 Million 		€13.77 Million France Sep 2025
30614 Gray Television Inc
NYSE:GTN 		-95.5% $2.81 Billion $5.49 Billion USA Sep 2025
30615 Vow ASA
OL:VOW 		-96.9% Nkr216.10 Million
≈ $22.74 Million 		Nkr425.40 Million Norway Dec 2025
30616 Lottomatica Group SpA
NYSE:LOTMY 		-97.5% $377.49 Million $745.45 Million USA Dec 2025
30617 Gogo Inc
NASDAQ:GOGO 		-97.7% $118.02 Million $233.38 Million USA Mar 2026
30618 Plurilock Security Inc
V:PLUR 		-97.9% CA$810.85K
≈ $586.55K 		CA$1.60 Million Canada Sep 2024
30619 Xiandai Investment Co Ltd
SHE:000900 		-98.0% CN¥15.48 Billion
≈ $2.27 Billion 		CN¥30.65 Billion China Mar 2026
30620 Shanxi Sanwei Group Co Ltd
SHE:000755 		-98.5% CN¥5.44 Billion
≈ $796.66 Million 		CN¥10.81 Billion China Sep 2025
30621 Wallbox NV
NYSE:WBX 		-98.6% $36.14 Million $71.75 Million USA Jun 2025
30622 Companhia Energética do Ceará - Coelce
SA:COCE3 		-98.7% R$5.61 Billion
≈ $1.10 Billion 		R$11.14 Billion Brazil Mar 2026
30623 Gray Television Inc
NYSE:GTN-A 		-98.9% $2.76 Billion $5.50 Billion USA Mar 2026
30624 NCR Atleos Corporation
NYSE:NATL 		-98.9% $278.00 Million $553.00 Million USA Mar 2025
30625 McKesson Corporation
NYSE:MCK 		-99.0% $1.45 Billion $2.88 Billion USA Mar 2021
30626 Advantage Solutions Inc
NASDAQ:ADV 		-99.1% $478.03 Million $951.59 Million USA Mar 2026
30627 Medesis Pharma SA
PA:ALMDP 		-99.3% €116.62K
≈ $136.34K 		€232.38K France Jun 2022
30628 Deterra Royalties Ltd
AU:DRR 		-99.4% AU$138.79 Million
≈ $98.20 Million 		AU$276.78 Million Australia Dec 2025
30629 Doctor Care Anywhere Group Plc
AU:DOC 		-100.0% AU$2.91 Million
≈ $2.06 Million 		AU$5.82 Million Australia Jun 2024
30630 Babcock & Wilcox Enterprises Inc
NYSE:BW 		-100.4% $31.72 Million $63.56 Million USA Jun 2022
30631 Jcurve Solutions Ltd
AU:JCS 		-100.6% AU$1.19 Million
≈ $844.94K 		AU$2.40 Million Australia Dec 2025
30632 Prodware
PA:ALPRO 		-100.7% €116.29 Million
≈ $135.95 Million 		€233.33 Million France Jun 2025
30633 Atlantic International Corp. Common Stock
NASDAQ:ATLN 		-100.9% $16.22 Million $32.59 Million USA Sep 2024
30634 Citius Oncology, Inc.
NASDAQ:CTOR 		-101.6% $35.27 Million $71.11 Million USA Mar 2026
30635 Scandinavian ChemoTech AB Series B
ST:CMOTEC-B 		-101.6% Skr1.64 Million
≈ $176.17K 		Skr3.30 Million Sweden Mar 2026
30636 Mynaric AG
XETRA:M0YN 		-101.7% €8.60 Million
≈ $10.06 Million 		€17.35 Million Germany Jun 2023
30637 Nexstar Broadcasting Group Inc
NASDAQ:NXST 		-101.8% $2.28 Billion $4.61 Billion USA Sep 2025
30638 Transurban Group
AU:TCL 		-101.8% AU$9.14 Billion
≈ $6.47 Billion 		AU$18.45 Billion Australia Dec 2025
30639 Melco Resorts & Entertainment Ltd
NASDAQ:MLCO 		-101.9% $362.17 Million $731.25 Million USA Jun 2022
30640 Novatti Group Ltd
AU:NOV 		-102.0% AU$2.42 Million
≈ $1.72 Million 		AU$4.90 Million Australia Dec 2025
30641 BBS-Bioactive Bone Substitutes Oyj
HE:BONEH 		-102.1% €3.79 Million
≈ $4.43 Million 		€7.67 Million Finland Jun 2024
30642 Poxel SA
PA:POXEL 		-102.7% €8.21 Million
≈ $9.59 Million 		€16.63 Million France Dec 2021
30643 Vivid Games S.A
WAR:VVD 		-103.4% zł6.47 Million
≈ $1.78 Million 		zł13.15 Million Poland Sep 2025
30644 Hanesbrands Inc
NYSE:HBI 		-103.4% $446.44 Million $908.11 Million USA Sep 2025
30645 Southern Cross Media Group Ltd
AU:SXL 		-104.6% AU$386.00 Million
≈ $273.12 Million 		AU$789.63 Million Australia Dec 2025
30646 Areeya Property Public Company Limited
BK:A 		-105.0% ฿1.71 Billion
≈ $53.20 Million 		฿3.50 Billion Thailand Sep 2025
30647 National Health Investors Inc
NYSE:NHI 		-105.5% $1.53 Billion $3.15 Billion USA Mar 2026
30648 WisdomTree Inc.
NYSE:WT 		-105.6% $475.02 Million $976.58 Million USA Mar 2026
30649 ASOS Plc
LSE:ASC 		-106.4% GBX212.40 Million
≈ $25.84K 		GBX438.40 Million UK Aug 2025
30650 NFI Group Inc
TO:NFI 		-106.7% CA$417.00 Million
≈ $301.65 Million 		CA$861.80 Million Canada Sep 2025
30651 Cashlez Worldwide Indonesia Tbk
JK:CASH 		-107.0% Rp38.45 Billion
≈ $2.25 Million 		Rp79.60 Billion Indonesia Dec 2025
30652 Noviqtech Ltd
AU:NVQ 		-107.3% AU$203.34K
≈ $143.88K 		AU$421.61K Australia Dec 2024
30653 China ZhengTong Auto Services Holdings Limited
F:ZA0 		-108.0% €1.58 Billion
≈ $1.85 Billion 		€3.29 Billion Germany Dec 2025
30654 The Calmer Co International Ltd
AU:CCO 		-108.5% AU$187.33K
≈ $132.55K 		AU$390.58K Australia Dec 2025
30655 Brain+ ApS
CO:BRAINP 		-108.7% Dkr14.45 Million
≈ $2.26 Million 		Dkr30.16 Million Denmark Jun 2025
30656 Adventure Box Technology AB
ST:ADVBOX 		-109.4% Skr5.08 Million
≈ $546.15K 		Skr10.62 Million Sweden Sep 2024
30657 Restaurant Brands International Limited Partnership
TO:QSP-UN 		-109.4% CA$5.29 Billion
≈ $3.83 Billion 		CA$11.08 Billion Canada Mar 2026
30658 Restaurant Brands International Inc
TO:QSR 		-109.4% CA$5.28 Billion
≈ $3.82 Billion 		CA$11.05 Billion Canada Mar 2026
30659 Risma Systems AS
CO:RISMA 		-110.0% Dkr4.20 Million
≈ $656.96K 		Dkr8.82 Million Denmark Dec 2023
30660 Wallix Group SA
PA:ALLIX 		-110.3% €7.33 Million
≈ $8.57 Million 		€15.42 Million France Jun 2025
30661 Xcel Brands Inc
NASDAQ:XELB 		-110.5% $13.18 Million $27.75 Million USA Mar 2026
30662 Solo Brands, Inc.
NYSE:SBDS 		-110.8% $46.29 Million $97.61 Million USA Mar 2026
30663 West International AB
ST:WPAY 		-111.4% Skr15.78 Million
≈ $1.70 Million 		Skr33.35 Million Sweden Jun 2025
30664 Lucky Strike Entertainment Corporation
NYSE:LUCK 		-111.4% $57.78 Million $122.16 Million USA Mar 2024
30665 Roadzen Inc.
NASDAQ:RDZN 		-111.7% $2.24 Million $4.73 Million USA Sep 2023
30666 Reservoir Media Inc
NASDAQ:RSVR 		-112.7% $374.80 Million $797.17 Million USA Dec 2025
30667 Superior Plus Corp
TO:SPB 		-114.4% CA$807.00 Million
≈ $583.77 Million 		CA$1.73 Billion Canada Dec 2025
30668 Theratechnologies Inc.
TO:TH 		-114.7% CA$10.16 Million
≈ $7.35 Million 		CA$21.81 Million Canada Feb 2022
30669 Motiva Infraestrutura de Mobilidade S.A.
SA:MOTV3 		-114.8% R$16.68 Billion
≈ $3.27 Billion 		R$35.83 Billion Brazil Mar 2026
30670 Traeger Inc
NYSE:COOK 		-115.5% $174.80 Million $376.68 Million USA Mar 2026
30671 JITF Infralogistics Limited
NSE:JITFINFRA 		-116.3% Annual Rs99.93 Million
≈ $1.08 Million 		Rs216.10 Million India Mar 2016
30672 Grupo Aeroportuario del Pacífico S.A.B. de C.V
MX:GAPB 		-117.0% MX$23.34 Billion
≈ $1.34 Billion 		MX$50.65 Billion Mexico Sep 2025
30673 Dye & Durham Ltd
TO:DND 		-117.1% CA$272.27 Million
≈ $196.96 Million 		CA$591.01 Million Canada Mar 2026
30674 Quipt Home Medical Corp
NASDAQ:QIPT 		-117.5% $34.89 Million $75.89 Million USA Dec 2025
30675 Gannett Co Inc
NYSE:GCI 		-118.5% $154.61 Million $337.85 Million USA Dec 2025
30676 Coloplast A/S
CO:COLO-B 		-118.6% Dkr13.80 Billion
≈ $2.16 Billion 		Dkr30.18 Billion Denmark Dec 2025
30677 Beijing E Hualu Info Tech
SHE:300212 		-118.8% CN¥1.22 Billion
≈ $178.86 Million 		CN¥2.67 Billion China Sep 2025
30678 Intrum Justitia AB
ST:INTRUM 		-118.9% Skr14.99 Billion
≈ $1.61 Billion 		Skr32.82 Billion Sweden Mar 2026
30679 Petros Pharmaceuticals Inc
NASDAQ:PTPI 		-119.0% $3.12 Million $6.83 Million USA Sep 2024
30680 Pilulka Lekarny as
PR:PINK 		-119.3% Annual Kč30.71 Million
≈ $1.47 Million 		Kč67.33 Million Czech Republic Dec 2023
30681 Adya Inc
V:ADYA 		-120.3% Annual CA$917.49K
≈ $663.70K 		CA$2.02 Million Canada Dec 2015
30682 Internet Thailand Public Company Limited
F:IE2A 		-120.6% €3.58 Billion
≈ $4.19 Billion 		€7.90 Billion Germany Dec 2025
30683 Ordinary Fully Paid Deferred Settlement
AU:CDEDC 		-121.0% AU$2.27 Million
≈ $1.60 Million 		AU$5.01 Million Australia Dec 2024
30684 Eastern Pioneer Auto Driving S
SHG:603377 		-121.0% CN¥302.92 Million
≈ $44.33 Million 		CN¥669.37 Million China Mar 2026
30685 SIAV S.P.A.
F:F4U 		-121.5% €10.07 Million
≈ $11.77 Million 		€22.31 Million Germany Dec 2025
30686 ATHENS INTERNATIONAL AIRPORT S.
AT:AIA 		-121.7% €690.54 Million
≈ $807.31 Million 		€1.53 Billion Greece Dec 2025
30687 Jasa Marga Tbk
JK:JSMR 		-123.2% Rp63.46 Trillion
≈ $3.72 Billion 		Rp141.63 Trillion Indonesia Mar 2026
30688 A&W Food Services of Canada
TO:AW 		-123.6% CA$220.45 Million
≈ $159.47 Million 		CA$492.87 Million Canada Mar 2026
30689 QuiaPEG Pharmaceuticals Holding AB
ST:QUIA 		-124.1% Skr6.47 Million
≈ $696.28K 		Skr14.50 Million Sweden Jun 2025
30690 Qlife Holding AB
ST:QLIFE 		-125.2% Skr1.91 Million
≈ $205.01K 		Skr4.29 Million Sweden Mar 2026
30691 SSH Communications Security Oyj
HE:SSH1V 		-125.3% €7.90 Million
≈ $9.24 Million 		€17.80 Million Finland Jun 2025
30692 Memphasys Ltd
AU:MEM 		-125.4% AU$4.02 Million
≈ $2.85 Million 		AU$9.06 Million Australia Dec 2025
30693 Tobii AB
ST:TOBII 		-125.8% Skr349.00 Million
≈ $37.56 Million 		Skr788.00 Million Sweden Mar 2026
30694 Mr. Cooper Group Inc
NASDAQ:COOP 		-126.2% $5.10 Billion $11.53 Billion USA Jun 2025
30695 Amaze Holdings Inc
NYSE MKT:AMZE 		-127.8% $9.77 Million $22.25 Million USA Mar 2026
30696 New Zealand Coastal Seafoods Ltd
AU:NZS 		-128.4% AU$1.11 Million
≈ $786.43K 		AU$2.54 Million Australia Jun 2025
30697 Lanvin Group Holdings Limited
NYSE:LANV 		-128.4% $92.72 Million $211.82 Million USA Jun 2024
30698 WOLTERS KLUWER ADR EO-12
F:WOS 		-128.7% €798.00 Million
≈ $932.95 Million 		€1.82 Billion Germany Dec 2025
30699 Wolters Kluwer N.V.
AS:WKL 		-128.7% €798.00 Million
≈ $932.95 Million 		€1.82 Billion Netherlands Dec 2025
30700 Catheter Precision Inc.
NYSE MKT:VTAK 		-129.1% $6.65 Million $15.24 Million USA Dec 2025