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MAAS Group HoldingsASX:MGH -2.93%59 Return-on-Tangible-Asset is 4.44% as of Dec. 2025, which is 30% below its 10-year median of 6.34. GuruFocus rates ASX:MGH with a GF Score™ of 59/100 and a GF Value™ of A$5.60 (Fairly Valued). The stock has 8 warning signs investors should review. Among 1,784 Construction companies, MAAS Group Holdings ranks better than 62.11% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. MAAS Group Holdings's annualizedNet Income for the quarter that ended in Dec. 2025 was A$76 Mil. MAAS Group Holdings's average total tangible assets for the quarter that ended in Dec. 2025 was A$1,709 Mil. Therefore, MAAS Group Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 4.44%.
The historical rank and industry rank for MAAS Group Holdings's Return-on-Tangible-Asset or its related term are showing as below:
ASX:MGH'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.62 Med: 6.34 Max: 9.86
Current: 4.83
During the past 6 years, MAAS Group Holdings's highest Return-on-Tangible-Asset was 9.86%. The lowest was 4.62%. And the median was 6.34%.
ASX:MGH's Return-on-Tangible-Asset is ranked better than 62.11% of 1784
companies
in the Construction industry
Industry Median: 3.055
vs ASX:MGH: 4.83
MAAS Group Holdings (ASX:MGH) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
MAAS Group Holdings Return-on-Tangible-Asset Related Terms
MAAS Group Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for MAAS Group Holdings's Return-on-Tangible-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MAAS Group Holdings Return-on-Tangible-Asset Chart
ASX:MGH vs PWR, FIX, EME: Return-on-Tangible-Asset Comparison
For the Engineering & Construction subindustry, MAAS Group Holdings's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
MAAS Group Holdings Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, MAAS Group Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where MAAS Group Holdings's Return-on-Tangible-Asset falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 4.44% mean?
MAAS Group Holdings (ASX:MGH) has a Return-on-Tangible-Asset of 4.44% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on MAAS Group Holdings and its competitors. This is 30% below median its historical median of 6.34. Over the past decade, MAAS Group Holdings' Return-on-Tangible-Asset has ranged from 4.62 to 9.86. According to the industry distribution chart, MAAS Group Holdings ranks #676 out of 1784 companies in the Construction industry, placing it in the top 37.9%.
Is MAAS Group Holdings' Return-on-Tangible-Asset too high?
MAAS Group Holdings' current Return-on-Tangible-Asset of 4.44% is 30% below median its 10-year median of 6.34. Over the past 10 years, this metric has ranged from a low of 4.62 to a high of 9.86. The Construction industry median Return-on-Tangible-Asset is 3.06. MAAS Group Holdings' value of 4.44% is 45.3% above this industry median. Based on the distribution chart, MAAS Group Holdings ranks #676 out of 1784 companies in the Construction industry, which is above the industry midpoint. Overall, MAAS Group Holdings has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MAAS Group Holdings' Return-on-Tangible-Asset compare to PWR and FIX?
According to the Construction industry distribution chart, MAAS Group Holdings ranks #676 out of 1784 companies for Return-on-Tangible-Asset. This puts MAAS Group Holdings in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.06. MAAS Group Holdings' value of 4.44% is 45.3% above this benchmark. Historically, MAAS Group Holdings' own Return-on-Tangible-Asset has ranged from 4.62 to 9.86 over the past decade. While the company's 10-year median is 6.34 vs. the industry median of 3.06, MAAS Group Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.06, based on 1,784 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MAAS Group Holdings's current Return-on-Tangible-Asset of 4.44% is 45.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on MAAS Group Holdings and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MAAS Group Holdings's current Return-on-Tangible-Asset is 4.44%, which is 30% below median its own 10-year median of 6.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MAAS Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, MAAS Group Holdings (ASX:MGH) is currently considered Fairly Valued. The stock's GF Value™ is A$5.60, compared to a current price of A$5.63 — trading 0.5% above its estimated fair value. The current Return-on-Tangible-Asset is 4.44%, which is 30% below median its 10-year median of 6.34 and 45.3% above the Construction industry median of 3.06. MAAS Group Holdings' overall GF Score™ is 59/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For MAAS Group Holdings (ASX:MGH), the current Return-on-Tangible-Asset is 4.44% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is MAAS Group Holdings (ASX:MGH) Overvalued in 2026?
Based on GuruFocus' analysis, MAAS Group Holdings stock appears to be overvalued.
The current stock price of A$5.63 is trading 0.5% above its estimated GF Value™ of A$5.60.
GuruFocus considers MAAS Group Holdings to be Fairly Valued.
Key valuation signals for ASX:MGH:
Return-on-Tangible-Asset: 4.44% (30% below median its 10-year median of 6.34)
GF Value™: A$5.60 vs. price of A$5.63 (0.5% above fair value)
Industry Position: 45.3% above the Construction median (#676 of 1784)
No single metric tells the full story. See the ASX:MGH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MAAS Group Holdings Ltd is an industrial service and real estate business with exposure across the property, civil, infrastructure, renewable energy, and mining sectors. The company's operating segments include Construction Materials; Residential Real Estate; Civil, Construction and Hire; Commercial Real Estate; Manufacturing; and Others. It generates maximum revenue from the Construction Materials segment which provides various services like supply of quarry materials to construction projects, mobile crushing and screening for quarries, civil works and mining, geotechnical services, asphalt services, and quarry excavation services. Geographically, the company's customers are located across Australia, Vietnam, Indonesia, Mongolia, Papua New Guinea, and New Zealand.
59GF Score
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