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Major Drilling Group InternationalFRA:3MJ +0.57%88 Return-on-Tangible-Asset is 4.96% as of Apr. 2026, which is 71% above its 10-year median of 2.90. GuruFocus rates FRA:3MJ with a GF Score™ of 88/100 and a GF Value™ of €7.23 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 2,665 Metals & Mining companies, Major Drilling Group International ranks better than 80.53% on this metric.
The historical rank and industry rank for Major Drilling Group International's Return-on-Tangible-Asset or its related term are showing as below:
FRA:3MJ'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -17.3 Med: 2.9 Max: 13.43
Current: 3.25
During the past 13 years, Major Drilling Group International's highest Return-on-Tangible-Asset was 13.43%. The lowest was -17.30%. And the median was 2.90%.
FRA:3MJ's Return-on-Tangible-Asset is ranked better than 80.53% of 2665
companies
in the Metals & Mining industry
Industry Median: -17.41
vs FRA:3MJ: 3.25
Major Drilling Group International (FRA:3MJ) 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.
Major Drilling Group International Return-on-Tangible-Asset Related Terms
Major Drilling Group International 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.
Major Drilling Group International Return-on-Tangible-Asset Chart
Major Drilling Group International Return-on-Tangible-Asset Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Major Drilling Group International'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.
Major Drilling Group International Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Major Drilling Group International's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Major Drilling Group International'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 (Apr. 2026) net income data.
What does a Return-on-Tangible-Asset of 4.96% mean?
Major Drilling Group International (FRA:3MJ) has a Return-on-Tangible-Asset of 4.96% as of Apr. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Major Drilling Group International and its competitors. This is 71% above median its historical median of 2.90. According to the industry distribution chart, Major Drilling Group International ranks #519 out of 2665 companies in the Metals & Mining industry, placing it in the top 19.5%.
Is Major Drilling Group International's Return-on-Tangible-Asset too high?
Major Drilling Group International's current Return-on-Tangible-Asset of 4.96% is 71% above median its 10-year median of 2.90. Based on the distribution chart, Major Drilling Group International ranks #519 out of 2665 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Major Drilling Group International has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Major Drilling Group International's Return-on-Tangible-Asset compare to competitors?
According to the Metals & Mining industry distribution chart, Major Drilling Group International ranks #519 out of 2665 companies for Return-on-Tangible-Asset. This places Major Drilling Group International in the top 20% of its industry — outperforming the majority of peers. 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 Metals & Mining company?
A good Return-on-Tangible-Asset depends on the Metals & Mining industry context. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 Major Drilling Group International and its competitors. Major Drilling Group International's current Return-on-Tangible-Asset is 4.96%, which is 71% above median its own 10-year median of 2.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Major Drilling Group International stock overvalued right now?
Based on GuruFocus' analysis, Major Drilling Group International (FRA:3MJ) is currently considered Modestly Overvalued. The stock's GF Value™ is €7.23, compared to a current price of €8.85 — trading 22.4% above its estimated fair value. The current Return-on-Tangible-Asset is 4.96%, which is 71% above median its 10-year median of 2.90. Major Drilling Group International's overall GF Score™ is 88/100 with 4 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 Major Drilling Group International (FRA:3MJ), the current Return-on-Tangible-Asset is 4.96% as of Apr. 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 Major Drilling Group International (FRA:3MJ) Overvalued in 2026?
Based on GuruFocus' analysis, Major Drilling Group International stock appears to be overvalued.
The current stock price of €8.85 is trading 22.4% above its estimated GF Value™ of €7.23.
GuruFocus considers Major Drilling Group International to be Modestly Overvalued.
Key valuation signals for FRA:3MJ:
Return-on-Tangible-Asset: 4.96% (71% above median its 10-year median of 2.90)
GF Value™: €7.23 vs. price of €8.85 (22.4% above fair value)
No single metric tells the full story. See the FRA:3MJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Major Drilling Group International Business Description
Major Drilling Group International Inc consists of contract drilling for companies mainly involved in mining and mineral exploration. The Company has operations in North America, South America, Australia, Asia, and Africa. Its services are Surface Drilling Services, and Underground Drilling Services. Its geographical segments are Canada - the United States; South and Central America; and Australasia and Africa, of which majority of its revenue comes from South and Central America.
88GF Score
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