MLG OzASX:MLG 43 Return-on-Tangible-Asset is 4.36% as of Dec. 2025, which is 10% above its 10-year median of 3.96. GuruFocus rates ASX:MLG with a GF Score™ of 43/100 and a GF Value™ of A$0.75 (Fairly Valued). The stock has 5 warning signs investors should review. Among 2,657 Metals & Mining companies, MLG Oz ranks better than 82.88% 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. MLG Oz's annualizedNet Income for the quarter that ended in Dec. 2025 was A$14.2 Mil. MLG Oz's average total tangible assets for the quarter that ended in Dec. 2025 was A$324.7 Mil. Therefore, MLG Oz's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 4.36%.
The historical rank and industry rank for MLG Oz's Return-on-Tangible-Asset or its related term are showing as below:
ASX:MLG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.32 Med: 3.96 Max: 5.59
Current: 4.77
During the past 5 years, MLG Oz's highest Return-on-Tangible-Asset was 5.59%. The lowest was 0.32%. And the median was 3.96%.
ASX:MLG's Return-on-Tangible-Asset is ranked better than 82.88% of 2657
companies
in the Metals & Mining industry
Industry Median: -17.43
vs ASX:MLG: 4.77
MLG Oz (ASX:MLG) 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.
MLG Oz Return-on-Tangible-Asset Related Terms
MLG Oz Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for MLG Oz'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.
MLG Oz Return-on-Tangible-Asset Competitor Comparison
For the Other Industrial Metals & Mining subindustry, MLG Oz'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.
MLG Oz Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, MLG Oz's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where MLG Oz'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 4.36% mean?
MLG Oz (ASX:MLG) has a Return-on-Tangible-Asset of 4.36% 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 MLG Oz and its competitors. This is 10% above median its historical median of 3.96. Over the past decade, MLG Oz's Return-on-Tangible-Asset has ranged from 0.32 to 5.59. According to the industry distribution chart, MLG Oz ranks #455 out of 2657 companies in the Metals & Mining industry, placing it in the top 17.1%.
Is MLG Oz's Return-on-Tangible-Asset too high?
MLG Oz's current Return-on-Tangible-Asset of 4.36% is 10% above median its 10-year median of 3.96. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 5.59. Based on the distribution chart, MLG Oz ranks #455 out of 2657 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, MLG Oz has a GF Score™ of 43/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MLG Oz's Return-on-Tangible-Asset compare to competitors?
According to the Metals & Mining industry distribution chart, MLG Oz ranks #455 out of 2657 companies for Return-on-Tangible-Asset. This places MLG Oz in the top 17% of its industry — outperforming the majority of peers. Historically, MLG Oz's own Return-on-Tangible-Asset has ranged from 0.32 to 5.59 over the past decade. 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 Metals & Mining company?
A good Return-on-Tangible-Asset depends on the Metals & Mining industry context. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 MLG Oz and its competitors. MLG Oz's current Return-on-Tangible-Asset is 4.36%, which is 10% above median its own 10-year median of 3.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MLG Oz stock overvalued right now?
Based on GuruFocus' analysis, MLG Oz (ASX:MLG) is currently considered Fairly Valued. The stock's GF Value™ is A$0.75, compared to a current price of A$0.72 — trading 4% below its estimated fair value. The current Return-on-Tangible-Asset is 4.36%, which is 10% above median its 10-year median of 3.96. MLG Oz's overall GF Score™ is 43/100 with 5 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 MLG Oz (ASX:MLG), the current Return-on-Tangible-Asset is 4.36% 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 MLG Oz (ASX:MLG) Overvalued in 2026?
Based on GuruFocus' analysis, MLG Oz stock appears to be undervalued.
The current stock price of A$0.72 is trading 4% below its estimated GF Value™ of A$0.75.
GuruFocus considers MLG Oz to be Fairly Valued.
Key valuation signals for ASX:MLG:
Return-on-Tangible-Asset: 4.36% (10% above median its 10-year median of 3.96)
GF Value™: A$0.75 vs. price of A$0.72 (4% below fair value)
No single metric tells the full story. See the ASX:MLG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MLG Oz Ltd is a Kalgoorlie-based integrated mining services and resource asset management company. It supports ore processing facilities across gold, iron ore, and base metals in Western Australia and the Northern Territory. The company offers comprehensive mine site and supply chain solutions throughout the project lifecycle under a single contractual framework, including civil and construction, crushing and screening, bulk haulage and site services, and supply of mining and construction materials. Its expertise covers gold, iron ore, nickel, and base metals sectors, with key activities in bulk haulage, civil mining, construction aggregates, and crushing and screening.
43GF Score
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