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MJL BangladeshDHA:MJLBD -0.54%99 Return-on-Tangible-Asset is 4.49% as of Mar. 2026, which is 41% below its 10-year median of 7.63. GuruFocus rates DHA:MJLBD with a GF Score™ of 99/100 and a GF Value™ of BDT97.44 (Fairly Valued). The stock has 9 warning signs investors should review. Among 1,037 Oil & Gas companies, MJL Bangladesh ranks better than 67.5% 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. MJL Bangladesh's annualizedNet Income for the quarter that ended in Mar. 2026 was BDT2,601 Mil. MJL Bangladesh's average total tangible assets for the quarter that ended in Mar. 2026 was BDT57,964 Mil. Therefore, MJL Bangladesh's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.49%.
The historical rank and industry rank for MJL Bangladesh's Return-on-Tangible-Asset or its related term are showing as below:
DHA:MJLBD'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.45 Med: 7.63 Max: 9.44
Current: 5.59
During the past 13 years, MJL Bangladesh's highest Return-on-Tangible-Asset was 9.44%. The lowest was 5.45%. And the median was 7.63%.
DHA:MJLBD's Return-on-Tangible-Asset is ranked better than 67.5% of 1037
companies
in the Oil & Gas industry
Industry Median: 2.57
vs DHA:MJLBD: 5.59
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.
MJL Bangladesh Return-on-Tangible-Asset Related Terms
MJL Bangladesh Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for MJL Bangladesh'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.
DHA:MJLBD vs MPC, VLO, PSX: Return-on-Tangible-Asset Comparison
For the Oil & Gas Refining & Marketing subindustry, MJL Bangladesh'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.
MJL Bangladesh Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, MJL Bangladesh's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where MJL Bangladesh'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 4.49% mean?
MJL Bangladesh (DHA:MJLBD) has a Return-on-Tangible-Asset of 4.49% 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 MJL Bangladesh and its competitors. This is 41% below median its historical median of 7.63. Over the past decade, MJL Bangladesh's Return-on-Tangible-Asset has ranged from 5.45 to 9.44. According to the industry distribution chart, MJL Bangladesh ranks #337 out of 1037 companies in the Oil & Gas industry, placing it in the top 32.5%.
Is MJL Bangladesh's Return-on-Tangible-Asset too high?
MJL Bangladesh's current Return-on-Tangible-Asset of 4.49% is 41% below median its 10-year median of 7.63. Over the past 10 years, this metric has ranged from a low of 5.45 to a high of 9.44. The Oil & Gas industry median Return-on-Tangible-Asset is 2.57. MJL Bangladesh's value of 4.49% is 74.7% above this industry median. Based on the distribution chart, MJL Bangladesh ranks #337 out of 1037 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, MJL Bangladesh has a GF Score™ of 99/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MJL Bangladesh's Return-on-Tangible-Asset compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, MJL Bangladesh ranks #337 out of 1037 companies for Return-on-Tangible-Asset. This puts MJL Bangladesh in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.57. MJL Bangladesh's value of 4.49% is 74.7% above this benchmark. Historically, MJL Bangladesh's own Return-on-Tangible-Asset has ranged from 5.45 to 9.44 over the past decade. While the company's 10-year median is 7.63 vs. the industry median of 2.57, MJL Bangladesh 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 an Oil & Gas company?
The median Return-on-Tangible-Asset among Oil & Gas companies is 2.57, based on 1,037 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. MJL Bangladesh's current Return-on-Tangible-Asset of 4.49% is 74.7% 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 MJL Bangladesh and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 2.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MJL Bangladesh's current Return-on-Tangible-Asset is 4.49%, which is 41% below median its own 10-year median of 7.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MJL Bangladesh stock overvalued right now?
Based on GuruFocus' analysis, MJL Bangladesh (DHA:MJLBD) is currently considered Fairly Valued. The stock's GF Value™ is BDT97.44, compared to a current price of BDT91.70 — trading 5.9% below its estimated fair value. The current Return-on-Tangible-Asset is 4.49%, which is 41% below median its 10-year median of 7.63 and 74.7% above the Oil & Gas industry median of 2.57. MJL Bangladesh's overall GF Score™ is 99/100 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 MJL Bangladesh (DHA:MJLBD), the current Return-on-Tangible-Asset is 4.49% 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 MJL Bangladesh (DHA:MJLBD) Overvalued in 2026?
Based on GuruFocus' analysis, MJL Bangladesh stock appears to be undervalued.
The current stock price of BDT91.70 is trading 5.9% below its estimated GF Value™ of BDT97.44.
GuruFocus considers MJL Bangladesh to be Fairly Valued.
Key valuation signals for DHA:MJLBD:
Return-on-Tangible-Asset: 4.49% (41% below median its 10-year median of 7.63)
GF Value™: BDT97.44 vs. price of BDT91.70 (5.9% below fair value)
Industry Position: 74.7% above the Oil & Gas median (#337 of 1037)
No single metric tells the full story. See the DHA:MJLBD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MJL Bangladesh PLC is engaged in the blending and marketing of internationally recognised Mobil-branded lubricants in Bangladesh and is also diversified into lube oil trading and oil tanker operations. The Company serves the lubricant market across both the B2B (business-to-business) and B2C (business-to-consumer) segments. The B2B market segments served comprise industrial lubricants, marine lubricants and aviation lubricants, while the B2C market segments served comprise passenger vehicle lubricants, commercial vehicle lubricants and aviation lubricants. The Company also has a small e-commerce sales channel through its Lube Solution digital app and a modest export presence through sales in Nepal. Its operations and distribution network extend across Bangladesh.
99GF Score
Get the complete analysis for DHA:MJLBD
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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