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. Pearl Gull Iron's annualizedNet Income for the quarter that ended in Dec. 2025 was A$3.57 Mil. Pearl Gull Iron's average total tangible assets for the quarter that ended in Dec. 2025 was A$7.03 Mil. Therefore, Pearl Gull Iron's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 50.77%.
The historical rank and industry rank for Pearl Gull Iron's Return-on-Tangible-Asset or its related term are showing as below:
ASX:PLG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -49.41 Med: -10.98 Max: 25.02
Current: 25.02
During the past 4 years, Pearl Gull Iron's highest Return-on-Tangible-Asset was 25.02%. The lowest was -49.41%. And the median was -10.98%.
ASX:PLG's Return-on-Tangible-Asset is not ranked
in the Steel industry.
Industry Median: 1.97
vs ASX:PLG: 25.02
Pearl Gull Iron (ASX:PLG) 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.
Pearl Gull Iron Return-on-Tangible-Asset Related Terms
Pearl Gull Iron Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Pearl Gull Iron'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:PLG vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Pearl Gull Iron'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.
Pearl Gull Iron Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Pearl Gull Iron's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Pearl Gull Iron'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 50.77% mean?
Pearl Gull Iron (ASX:PLG) has a Return-on-Tangible-Asset of 50.77% 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 Pearl Gull Iron and its competitors.
Is Pearl Gull Iron's Return-on-Tangible-Asset too high?
Pearl Gull Iron's current Return-on-Tangible-Asset is 50.77%. The Steel industry median Return-on-Tangible-Asset is 1.97. Pearl Gull Iron's value of 50.77% is 2477.2% above this industry median.
How does Pearl Gull Iron's Return-on-Tangible-Asset compare to NUE and STLD?
Pearl Gull Iron's Return-on-Tangible-Asset of 50.77% can be compared against companies in the Steel industry. The industry median Return-on-Tangible-Asset is 1.97. Pearl Gull Iron's value of 50.77% is 2477.2% above this benchmark. 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 Steel company?
The median Return-on-Tangible-Asset among Steel companies is 1.97, based on 634 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. Pearl Gull Iron's current Return-on-Tangible-Asset of 50.77% is 2477.2% 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 Pearl Gull Iron and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 1.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pearl Gull Iron's current Return-on-Tangible-Asset is 50.77%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pearl Gull Iron stock overvalued right now?
Pearl Gull Iron (ASX:PLG) has a current Return-on-Tangible-Asset of 50.77%. The current Return-on-Tangible-Asset is 50.77% and 2477.2% above the Steel industry median of 1.97. 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 Pearl Gull Iron (ASX:PLG), the current Return-on-Tangible-Asset is 50.77% 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.
Pearl Gull Iron Ltd is a focused iron ore exploration and development company with mining title over a portion of Cockatoo Island. Its projects include the Switch Pit Project, the North Bay Project, and the Magazine Pit Project. The company operates within the mineral exploration industry in Australia.
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