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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. Mangels Industrial's annualizedNet Income for the quarter that ended in Mar. 2026 was R$16 Mil. Mangels Industrial's average total tangible assets for the quarter that ended in Mar. 2026 was R$734 Mil. Therefore, Mangels Industrial's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.12%.
The historical rank and industry rank for Mangels Industrial's Return-on-Tangible-Asset or its related term are showing as below:
BSP:MGEL3'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -13.6 Med: -0.69 Max: 37.26
Current: 5.76
During the past 13 years, Mangels Industrial's highest Return-on-Tangible-Asset was 37.26%. The lowest was -13.60%. And the median was -0.69%.
BSP:MGEL3's Return-on-Tangible-Asset is ranked better than 77.13% of 634
companies
in the Steel industry
Industry Median: 2.125
vs BSP:MGEL3: 5.76
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.
Mangels Industrial Return-on-Tangible-Asset Related Terms
Mangels Industrial Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Mangels Industrial'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.
BSP:MGEL3 vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Mangels Industrial'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.
Mangels Industrial Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Mangels Industrial's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Mangels Industrial'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 four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 2.12% mean?
Mangels Industrial (BSP:MGEL3) has a Return-on-Tangible-Asset of 2.12% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Mangels Industrial and its competitors. According to the industry distribution chart, Mangels Industrial ranks #145 out of 634 companies in the Steel industry, placing it in the top 22.9%.
Is Mangels Industrial's Return-on-Tangible-Asset too high?
Mangels Industrial's current Return-on-Tangible-Asset is 2.12%. The Steel industry median Return-on-Tangible-Asset is 2.13. Mangels Industrial's value of 2.12% is 0.2% below this industry median. Based on the distribution chart, Mangels Industrial ranks #145 out of 634 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Mangels Industrial has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Mangels Industrial's Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Mangels Industrial ranks #145 out of 634 companies for Return-on-Tangible-Asset. This places Mangels Industrial in the top 23% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.13. Mangels Industrial's value of 2.12% is 0.2% below 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 2.13, 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. Mangels Industrial's current Return-on-Tangible-Asset of 2.12% is 0.2% 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 Mangels Industrial and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mangels Industrial's current Return-on-Tangible-Asset is 2.12%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mangels Industrial stock overvalued right now?
Mangels Industrial (BSP:MGEL3) has a current Return-on-Tangible-Asset of 2.12%. The stock's GF Value™ is R$143.53, compared to a current price of R$75.00 — trading 47.7% below its estimated fair value. The current Return-on-Tangible-Asset is 2.12% and 0.2% below the Steel industry median of 2.13. Mangels Industrial's overall GF Score™ is 8/100 with 6 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 Mangels Industrial (BSP:MGEL3), the current Return-on-Tangible-Asset is 2.12% as of Mar. 2026. 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 Mangels Industrial (BSP:MGEL3) Overvalued in 2026?
Based on GuruFocus' analysis, Mangels Industrial stock appears to be undervalued.
The current stock price of R$75.00 is trading 47.7% below its estimated GF Value™ of R$143.53.
Key valuation signals for BSP:MGEL3:
Return-on-Tangible-Asset: 2.12%
GF Value™: R$143.53 vs. price of R$75.00 (47.7% below fair value)
Industry Position: 0.2% below the Steel median (#145 of 634)
No single metric tells the full story. See the BSP:MGEL3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mangels Industrial SA produces, markets, sells and distributes steel and related products. It operates in four segments, Steel, Wheel, Cylinder and Galvanizing. It supplies wheels to the car industry, motorcycles, trucks, buses, appliances, and gas companies; liquefied petroleum gas cylinders; air tanks for heavy vehicles, agricultural machinery, and air compressors; rear axles for light vehicles; and rolls, blanks, and sheets of low carbon and high strength steel for use in motorcycles, electronics and accessories, and hardware components.
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