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Michael Hill InternationalASX:MHJ -4.29%54 Return-on-Tangible-Asset is 9.05% as of Dec. 2025, which is 78% above its 10-year median of 5.09. GuruFocus rates ASX:MHJ with a GF Score™ of 54/100 and a GF Value™ of A$0.58 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,130 Retail - Cyclical companies, Michael Hill International ranks worse than 60.88% 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. Michael Hill International's annualizedNet Income for the quarter that ended in Dec. 2025 was A$44.9 Mil. Michael Hill International's average total tangible assets for the quarter that ended in Dec. 2025 was A$496.3 Mil. Therefore, Michael Hill International's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 9.05%.
The historical rank and industry rank for Michael Hill International's Return-on-Tangible-Asset or its related term are showing as below:
ASX:MHJ'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.1 Med: 5.09 Max: 9.59
Current: 1.46
During the past 13 years, Michael Hill International's highest Return-on-Tangible-Asset was 9.59%. The lowest was -0.10%. And the median was 5.09%.
ASX:MHJ's Return-on-Tangible-Asset is ranked worse than 60.88% of 1130
companies
in the Retail - Cyclical industry
Industry Median: 2.92
vs ASX:MHJ: 1.46
Michael Hill International (ASX:MHJ) 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.
Michael Hill International Return-on-Tangible-Asset Related Terms
Michael Hill International Return-on-Tangible-Asset Historical Data
* 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.
Michael Hill International Return-on-Tangible-Asset Chart
ASX:MHJ vs TPR, SIG: Return-on-Tangible-Asset Comparison
For the Luxury Goods subindustry, Michael Hill International'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.
Michael Hill International Return-on-Tangible-Asset vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Michael Hill International's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Michael Hill International'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 9.05% mean?
Michael Hill International (ASX:MHJ) has a Return-on-Tangible-Asset of 9.05% 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 Michael Hill International and its competitors. This is 78% above median its historical median of 5.09. According to the industry distribution chart, Michael Hill International ranks #688 out of 1130 companies in the Retail - Cyclical industry, placing it in the top 60.9%.
Is Michael Hill International's Return-on-Tangible-Asset too high?
Michael Hill International's current Return-on-Tangible-Asset of 9.05% is 78% above median its 10-year median of 5.09. The Retail - Cyclical industry median Return-on-Tangible-Asset is 2.92. Michael Hill International's value of 9.05% is 209.9% above this industry median. Based on the distribution chart, Michael Hill International ranks #688 out of 1130 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Michael Hill International has a GF Score™ of 54/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Michael Hill International's Return-on-Tangible-Asset compare to TPR and SIG?
According to the Retail - Cyclical industry distribution chart, Michael Hill International ranks #688 out of 1130 companies for Return-on-Tangible-Asset. This places Michael Hill International in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.92. Michael Hill International's value of 9.05% is 209.9% above this benchmark. While the company's 10-year median is 5.09 vs. the industry median of 2.92, Michael Hill International 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 Retail - Cyclical company?
The median Return-on-Tangible-Asset among Retail - Cyclical companies is 2.92, based on 1,130 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. Michael Hill International's current Return-on-Tangible-Asset of 9.05% is 209.9% 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 Michael Hill International and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Asset is 2.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Michael Hill International's current Return-on-Tangible-Asset is 9.05%, which is 78% above median its own 10-year median of 5.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Michael Hill International stock overvalued right now?
Based on GuruFocus' analysis, Michael Hill International (ASX:MHJ) is currently considered Significantly Undervalued. The stock's GF Value™ is A$0.58, compared to a current price of A$0.34 — trading 42.2% below its estimated fair value. The current Return-on-Tangible-Asset is 9.05%, which is 78% above median its 10-year median of 5.09 and 209.9% above the Retail - Cyclical industry median of 2.92. Michael Hill International's overall GF Score™ is 54/100 with 4 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 Michael Hill International (ASX:MHJ), the current Return-on-Tangible-Asset is 9.05% 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 Michael Hill International (ASX:MHJ) Overvalued in 2026?
Based on GuruFocus' analysis, Michael Hill International stock appears to be undervalued.
The current stock price of A$0.34 is trading 42.2% below its estimated GF Value™ of A$0.58.
GuruFocus considers Michael Hill International to be Significantly Undervalued.
Key valuation signals for ASX:MHJ:
Return-on-Tangible-Asset: 9.05% (78% above median its 10-year median of 5.09)
GF Value™: A$0.58 vs. price of A$0.34 (42.2% below fair value)
Industry Position: 209.9% above the Retail - Cyclical median (#688 of 1130)
No single metric tells the full story. See the ASX:MHJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Michael Hill International Ltd is an Australia based specialist retail jewellery chain engaged in the sale of jewellery and related services. It operates stores in Australia, New Zealand and Canada. It derives prime revenue from Australia. The product portfolio of the company includes Rings, Earrings, Pendants and Necklaces, Bracelets, Bangles and other products.
54GF Score
Get the complete analysis for ASX:MHJ
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