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Morgan Advanced MaterialsCHIX:MGAML +0.45%73 Return-on-Tangible-Asset is 1.47% as of Dec. 2025, which is 78% below its 10-year median of 6.69. GuruFocus rates CHIX:MGAML with a GF Score™ of 73/100 and a GF Value™ of £2.43 (Fairly Valued). The stock has 9 warning signs investors should review. Among 3,077 Industrial Products companies, Morgan Advanced Materials ranks worse than 55.64% 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. Morgan Advanced Materials's annualizedNet Income for the quarter that ended in Dec. 2025 was £12.2 Mil. Morgan Advanced Materials's average total tangible assets for the quarter that ended in Dec. 2025 was £832.3 Mil. Therefore, Morgan Advanced Materials's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 1.47%.
The historical rank and industry rank for Morgan Advanced Materials's Return-on-Tangible-Asset or its related term are showing as below:
CHIX:MGAMl'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.83 Med: 6.69 Max: 14.24
Current: 2.47
During the past 13 years, Morgan Advanced Materials's highest Return-on-Tangible-Asset was 14.24%. The lowest was -2.83%. And the median was 6.69%.
CHIX:MGAMl's Return-on-Tangible-Asset is ranked worse than 55.64% of 3077
companies
in the Industrial Products industry
Industry Median: 3.26
vs CHIX:MGAMl: 2.47
Morgan Advanced Materials (CHIX:MGAMl) 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.
Morgan Advanced Materials Return-on-Tangible-Asset Related Terms
Morgan Advanced Materials Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Morgan Advanced Materials'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.
Morgan Advanced Materials Return-on-Tangible-Asset Chart
CHIX:MGAML vs GEV, ETN, PH: Return-on-Tangible-Asset Comparison
For the Specialty Industrial Machinery subindustry, Morgan Advanced Materials'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.
Morgan Advanced Materials Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Morgan Advanced Materials's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Morgan Advanced Materials'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 1.47% mean?
Morgan Advanced Materials (CHIX:MGAML) has a Return-on-Tangible-Asset of 1.47% 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 Morgan Advanced Materials and its competitors. This is 78% below median its historical median of 6.69. According to the industry distribution chart, Morgan Advanced Materials ranks #1712 out of 3077 companies in the Industrial Products industry, placing it in the top 55.6%.
Is Morgan Advanced Materials' Return-on-Tangible-Asset too high?
Morgan Advanced Materials' current Return-on-Tangible-Asset of 1.47% is 78% below median its 10-year median of 6.69. The Industrial Products industry median Return-on-Tangible-Asset is 3.26. Morgan Advanced Materials' value of 1.47% is 54.9% below this industry median. Based on the distribution chart, Morgan Advanced Materials ranks #1712 out of 3077 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Morgan Advanced Materials has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Morgan Advanced Materials' Return-on-Tangible-Asset compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Morgan Advanced Materials ranks #1712 out of 3077 companies for Return-on-Tangible-Asset. This places Morgan Advanced Materials in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.26. Morgan Advanced Materials' value of 1.47% is 54.9% below this benchmark. While the company's 10-year median is 6.69 vs. the industry median of 3.26, Morgan Advanced Materials 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 Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.26, based on 3,077 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. Morgan Advanced Materials's current Return-on-Tangible-Asset of 1.47% is 54.9% 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 Morgan Advanced Materials and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morgan Advanced Materials's current Return-on-Tangible-Asset is 1.47%, which is 78% below median its own 10-year median of 6.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morgan Advanced Materials stock overvalued right now?
Based on GuruFocus' analysis, Morgan Advanced Materials (CHIX:MGAML) is currently considered Fairly Valued. The stock's GF Value™ is £2.43, compared to a current price of £2.25 — trading 7.6% below its estimated fair value. The current Return-on-Tangible-Asset is 1.47%, which is 78% below median its 10-year median of 6.69 and 54.9% below the Industrial Products industry median of 3.26. Morgan Advanced Materials' overall GF Score™ is 73/100 with 9 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 Morgan Advanced Materials (CHIX:MGAML), the current Return-on-Tangible-Asset is 1.47% 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 Morgan Advanced Materials (CHIX:MGAML) Overvalued in 2026?
Based on GuruFocus' analysis, Morgan Advanced Materials stock appears to be undervalued.
The current stock price of £2.25 is trading 7.6% below its estimated GF Value™ of £2.43.
GuruFocus considers Morgan Advanced Materials to be Fairly Valued.
Key valuation signals for CHIX:MGAML:
Return-on-Tangible-Asset: 1.47% (78% below median its 10-year median of 6.69)
GF Value™: £2.43 vs. price of £2.25 (7.6% below fair value)
Industry Position: 54.9% below the Industrial Products median (#1712 of 3077)
No single metric tells the full story. See the CHIX:MGAML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Morgan Advanced Materials PLC is an advanced materials company that co-designs and manufactures mission-critical solutions using material science and application expertise. The Company's products and solutions include semiconductor consumables, collector strips and carbon brushes, graphite powders, face seals, sliding bearings, rotary seals, rotary vane pump components, structural ceramic components, engineered coatings, ceramic cores, ceramic-to-metal assemblies, braze alloys, ceramic tubes and rollers, extruded products, laser products, and MACOR machinable glass ceramic. The Group operates through three segments: Thermal Products generates maximum revenue, Performance Carbon, and Technical Ceramics. Geographically, it generates the majority of its revenue from the USA.
73GF Score
Get the complete analysis for CHIX:MGAML
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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