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MGIC InvestmentFRA:MGC +3.28%90 Return-on-Tangible-Asset is 10.19% as of Mar. 2026, which is 9% below its 10-year median of 11.19. GuruFocus rates FRA:MGC with a GF Score™ of 90/100 and a GF Value™ of €24.69 (Fairly Valued). The stock has 6 warning signs investors should review. Among 507 Insurance companies, MGIC Investment ranks better than 92.9% 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. MGIC Investment's annualizedNet Income for the quarter that ended in Mar. 2026 was €572 Mil. MGIC Investment's average total tangible assets for the quarter that ended in Mar. 2026 was €5,610 Mil. Therefore, MGIC Investment's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 10.19%.
The historical rank and industry rank for MGIC Investment's Return-on-Tangible-Asset or its related term are showing as below:
FRA:MGC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.9 Med: 11.19 Max: 12.78
Current: 10.96
During the past 13 years, MGIC Investment's highest Return-on-Tangible-Asset was 12.78%. The lowest was 5.90%. And the median was 11.19%.
FRA:MGC's Return-on-Tangible-Asset is ranked better than 92.9% of 507
companies
in the Insurance industry
Industry Median: 2.75
vs FRA:MGC: 10.96
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.
MGIC Investment Return-on-Tangible-Asset Related Terms
MGIC Investment Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for MGIC Investment'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.
FRA:MGC vs ESNT, ACT, RYAN: Return-on-Tangible-Asset Comparison
For the Insurance - Specialty subindustry, MGIC Investment'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.
MGIC Investment Return-on-Tangible-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, MGIC Investment's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where MGIC Investment'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 10.19% mean?
MGIC Investment (FRA:MGC) has a Return-on-Tangible-Asset of 10.19% 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 MGIC Investment and its competitors. This is near median its historical median of 11.19. Over the past decade, MGIC Investment's Return-on-Tangible-Asset has ranged from 5.90 to 12.78. According to the industry distribution chart, MGIC Investment ranks #36 out of 507 companies in the Insurance industry, placing it in the top 7.1%.
Is MGIC Investment's Return-on-Tangible-Asset too high?
MGIC Investment's current Return-on-Tangible-Asset of 10.19% is near median its 10-year median of 11.19. Over the past 10 years, this metric has ranged from a low of 5.90 to a high of 12.78. The Insurance industry median Return-on-Tangible-Asset is 2.75. MGIC Investment's value of 10.19% is 270.5% above this industry median. Based on the distribution chart, MGIC Investment ranks #36 out of 507 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, MGIC Investment has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MGIC Investment's Return-on-Tangible-Asset compare to ESNT and ACT?
According to the Insurance industry distribution chart, MGIC Investment ranks #36 out of 507 companies for Return-on-Tangible-Asset. This places MGIC Investment in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.75. MGIC Investment's value of 10.19% is 270.5% above this benchmark. Historically, MGIC Investment's own Return-on-Tangible-Asset has ranged from 5.90 to 12.78 over the past decade. While the company's 10-year median is 11.19 vs. the industry median of 2.75, MGIC Investment 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 Insurance company?
The median Return-on-Tangible-Asset among Insurance companies is 2.75, based on 507 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. MGIC Investment's current Return-on-Tangible-Asset of 10.19% is 270.5% 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 MGIC Investment and its competitors. For the Insurance industry, the median Return-on-Tangible-Asset is 2.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MGIC Investment's current Return-on-Tangible-Asset is 10.19%, which is near median its own 10-year median of 11.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGIC Investment stock overvalued right now?
Based on GuruFocus' analysis, MGIC Investment (FRA:MGC) is currently considered Fairly Valued. The stock's GF Value™ is €24.69, compared to a current price of €25.20 — trading 2.1% above its estimated fair value. The current Return-on-Tangible-Asset is 10.19%, which is near median its 10-year median of 11.19 and 270.5% above the Insurance industry median of 2.75. MGIC Investment's overall GF Score™ is 90/100 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 MGIC Investment (FRA:MGC), the current Return-on-Tangible-Asset is 10.19% 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 MGIC Investment (FRA:MGC) Overvalued in 2026?
Based on GuruFocus' analysis, MGIC Investment stock appears to be overvalued.
The current stock price of €25.20 is trading 2.1% above its estimated GF Value™ of €24.69.
GuruFocus considers MGIC Investment to be Fairly Valued.
Key valuation signals for FRA:MGC:
Return-on-Tangible-Asset: 10.19% (near median its 10-year median of 11.19)
GF Value™: €24.69 vs. price of €25.20 (2.1% above fair value)
Industry Position: 270.5% above the Insurance median (#36 of 507)
No single metric tells the full story. See the FRA:MGC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MGIC Investment Corp provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services. The insurance premiums that these customers pay for the protection account for close to the majority of the company's total revenue. Investment income accounts for the remaining revenue. The company sells its insurance products in all states of the United States and in Puerto Rico. Its greatest exposure is in California, Florida, Texas, Pennsylvania, Ohio, Illinois, Virginia, North Carolina, Georgia, and New York.
90GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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