Mirrabooka InvestmentsASX:MIR 63 Return-on-Tangible-Asset is 2.39% as of Dec. 2025, which is 26% above its 10-year median of 1.90. GuruFocus rates ASX:MIR with a GF Score™ of 63/100 and a GF Value™ of A$3.52 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,636 Asset Management companies, Mirrabooka Investments ranks worse than 63.14% 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. Mirrabooka Investments's annualizedNet Income for the quarter that ended in Dec. 2025 was A$17.80 Mil. Mirrabooka Investments's average total tangible assets for the quarter that ended in Dec. 2025 was A$744.16 Mil. Therefore, Mirrabooka Investments's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 2.39%.
The historical rank and industry rank for Mirrabooka Investments's Return-on-Tangible-Asset or its related term are showing as below:
ASX:MIR'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.15 Med: 1.9 Max: 2.61
Current: 1.7
During the past 13 years, Mirrabooka Investments's highest Return-on-Tangible-Asset was 2.61%. The lowest was 1.15%. And the median was 1.90%.
ASX:MIR's Return-on-Tangible-Asset is ranked worse than 63.14% of 1636
companies
in the Asset Management industry
Industry Median: 4.135
vs ASX:MIR: 1.70
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.
Mirrabooka Investments Return-on-Tangible-Asset Related Terms
Mirrabooka Investments Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Mirrabooka Investments'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.
ASX:MIR vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Mirrabooka Investments'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.
Mirrabooka Investments Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Mirrabooka Investments's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Mirrabooka Investments'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 2.39% mean?
Mirrabooka Investments (ASX:MIR) has a Return-on-Tangible-Asset of 2.39% 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 Mirrabooka Investments and its competitors. This is 26% above median its historical median of 1.90. Over the past decade, Mirrabooka Investments' Return-on-Tangible-Asset has ranged from 1.15 to 2.61. According to the industry distribution chart, Mirrabooka Investments ranks #1033 out of 1636 companies in the Asset Management industry, placing it in the top 63.1%.
Is Mirrabooka Investments' Return-on-Tangible-Asset too high?
Mirrabooka Investments' current Return-on-Tangible-Asset of 2.39% is 26% above median its 10-year median of 1.90. Over the past 10 years, this metric has ranged from a low of 1.15 to a high of 2.61. The Asset Management industry median Return-on-Tangible-Asset is 4.14. Mirrabooka Investments' value of 2.39% is 42.2% below this industry median. Based on the distribution chart, Mirrabooka Investments ranks #1033 out of 1636 companies in the Asset Management industry, which is below the industry midpoint. Overall, Mirrabooka Investments has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mirrabooka Investments' Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Mirrabooka Investments ranks #1033 out of 1636 companies for Return-on-Tangible-Asset. This places Mirrabooka Investments in the lower half of its industry. The industry median Return-on-Tangible-Asset is 4.14. Mirrabooka Investments' value of 2.39% is 42.2% below this benchmark. Historically, Mirrabooka Investments' own Return-on-Tangible-Asset has ranged from 1.15 to 2.61 over the past decade. While the company's 10-year median is 1.90 vs. the industry median of 4.14, Mirrabooka Investments has consistently been below 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 an Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.14, based on 1,636 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. Mirrabooka Investments's current Return-on-Tangible-Asset of 2.39% is 42.2% below 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 Mirrabooka Investments and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mirrabooka Investments's current Return-on-Tangible-Asset is 2.39%, which is 26% above median its own 10-year median of 1.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mirrabooka Investments stock overvalued right now?
Based on GuruFocus' analysis, Mirrabooka Investments (ASX:MIR) is currently considered Modestly Undervalued. The stock's GF Value™ is A$3.52, compared to a current price of A$2.55 — trading 27.6% below its estimated fair value. The current Return-on-Tangible-Asset is 2.39%, which is 26% above median its 10-year median of 1.90 and 42.2% below the Asset Management industry median of 4.14. Mirrabooka Investments' overall GF Score™ is 63/100 with 3 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 Mirrabooka Investments (ASX:MIR), the current Return-on-Tangible-Asset is 2.39% 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 Mirrabooka Investments (ASX:MIR) Overvalued in 2026?
Based on GuruFocus' analysis, Mirrabooka Investments stock appears to be undervalued.
The current stock price of A$2.55 is trading 27.6% below its estimated GF Value™ of A$3.52.
GuruFocus considers Mirrabooka Investments to be Modestly Undervalued.
Key valuation signals for ASX:MIR:
Return-on-Tangible-Asset: 2.39% (26% above median its 10-year median of 1.90)
GF Value™: A$3.52 vs. price of A$2.55 (27.6% below fair value)
Industry Position: 42.2% below the Asset Management median (#1033 of 1636)
No single metric tells the full story. See the ASX:MIR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mirrabooka Investments Ltd is a listed investment company. It is engaged in investing in small and medium-sized companies located in Australia and New Zealand. The company aims to provide medium to long-term investment gains through holding core investments in selected small and medium-sized companies and to provide dividend returns to shareholders from these investments.
63GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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