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Commercial National Financial (MI)CEFC 60 Return-on-Tangible-Asset is 1.19% as of Dec. 2025, which is 10% above its 10-year median of 1.08. GuruFocus rates CEFC with a GF Score™ of 60/100 and a GF Value™ of $10.26 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,529 Banks companies, Commercial National Financial (MI) ranks better than 62.66% on this metric.
The historical rank and industry rank for Commercial National Financial (MI)'s Return-on-Tangible-Asset or its related term are showing as below:
CEFC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.83 Med: 1.08 Max: 1.33
Current: 1.19
During the past 13 years, Commercial National Financial (MI)'s highest Return-on-Tangible-Asset was 1.33%. The lowest was 0.83%. And the median was 1.08%.
CEFC's Return-on-Tangible-Asset is ranked better than 62.66% of 1529
companies
in the Banks industry
Industry Median: 0.99
vs CEFC: 1.19
Commercial National Financial (MI) (OTCPK:CEFC) 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.
Commercial National Financial (MI) Return-on-Tangible-Asset Related Terms
Commercial National Financial (MI) 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.
Commercial National Financial (MI) Return-on-Tangible-Asset Chart
CEFC vs FMFG, BAOB, LFGP: Return-on-Tangible-Asset Comparison
For the Banks - Regional subindustry, Commercial National Financial (MI)'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.
Commercial National Financial (MI) Return-on-Tangible-Asset vs Banks Industry
For the Banks industry and Financial Services sector, Commercial National Financial (MI)'s Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Commercial National Financial (MI)'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 one times the annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 1.19% mean?
Commercial National Financial (MI) (CEFC) has a Return-on-Tangible-Asset of 1.19% 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 Commercial National Financial (MI) and its competitors. This is 10% above median its historical median of 1.08. Over the past decade, Commercial National Financial (MI)'s Return-on-Tangible-Asset has ranged from 0.83 to 1.33. According to the industry distribution chart, Commercial National Financial (MI) ranks #571 out of 1529 companies in the Banks industry, placing it in the top 37.3%.
Is Commercial National Financial (MI)'s Return-on-Tangible-Asset too high?
Commercial National Financial (MI)'s current Return-on-Tangible-Asset of 1.19% is 10% above median its 10-year median of 1.08. Over the past 10 years, this metric has ranged from a low of 0.83 to a high of 1.33. The Banks industry median Return-on-Tangible-Asset is 0.99. Commercial National Financial (MI)'s value of 1.19% is 20.2% above this industry median. Based on the distribution chart, Commercial National Financial (MI) ranks #571 out of 1529 companies in the Banks industry, which is above the industry midpoint. Overall, Commercial National Financial (MI) has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Commercial National Financial (MI)'s Return-on-Tangible-Asset compare to FMFG and BAOB?
According to the Banks industry distribution chart, Commercial National Financial (MI) ranks #571 out of 1529 companies for Return-on-Tangible-Asset. This puts Commercial National Financial (MI) in the upper half of its industry. The industry median Return-on-Tangible-Asset is 0.99. Commercial National Financial (MI)'s value of 1.19% is 20.2% above this benchmark. Historically, Commercial National Financial (MI)'s own Return-on-Tangible-Asset has ranged from 0.83 to 1.33 over the past decade. While the company's 10-year median is 1.08 vs. the industry median of 0.99, Commercial National Financial (MI) 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 Banks company?
The median Return-on-Tangible-Asset among Banks companies is 0.99, based on 1,529 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. Commercial National Financial (MI)'s current Return-on-Tangible-Asset of 1.19% is 20.2% 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 Commercial National Financial (MI) and its competitors. For the Banks industry, the median Return-on-Tangible-Asset is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Commercial National Financial (MI)'s current Return-on-Tangible-Asset is 1.19%, which is 10% above median its own 10-year median of 1.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Commercial National Financial (MI) stock overvalued right now?
Based on GuruFocus' analysis, Commercial National Financial (MI) (CEFC) is currently considered Significantly Overvalued. The stock's GF Value™ is $10.26, compared to a current price of $15.05 — trading 46.7% above its estimated fair value. The current Return-on-Tangible-Asset is 1.19%, which is 10% above median its 10-year median of 1.08 and 20.2% above the Banks industry median of 0.99. Commercial National Financial (MI)'s overall GF Score™ is 60/100 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 Commercial National Financial (MI) (CEFC), the current Return-on-Tangible-Asset is 1.19% 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 Commercial National Financial (MI) (CEFC) Overvalued in 2026?
Based on GuruFocus' analysis, Commercial National Financial (MI) stock appears to be overvalued.
The current stock price of $15.05 is trading 46.7% above its estimated GF Value™ of $10.26.
GuruFocus considers Commercial National Financial (MI) to be Significantly Overvalued.
Key valuation signals for CEFC:
Return-on-Tangible-Asset: 1.19% (10% above median its 10-year median of 1.08)
GF Value™: $10.26 vs. price of $15.05 (46.7% above fair value)
Industry Position: 20.2% above the Banks median (#571 of 1529)
No single metric tells the full story. See the CEFC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Commercial National Financial (MI) Business Description
Commercial National Financial Corp (MI) is a one-bank holding company which conducts limited business activities. The Bank performs the majority of business activities. The Bank provides a full range of banking services to individuals, agricultural businesses, commercial businesses and light industries located in its service area. It maintains a diversified loan portfolio, including loans to individuals for home mortgages, automobiles and personal expenditures, and loans to business enterprises for current operations and expansion. The Bank offers a variety of deposit products, including checking, savings, certificates of deposit, and individual retirement accounts.
60GF Score
Get the complete analysis for CEFC
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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