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Modern Times Group MTG ABFRA:MRTA -1.44%71 Return-on-Tangible-Asset is 15.89% as of Mar. 2026, which is 1726% above its 10-year median of 0.87. GuruFocus rates FRA:MRTA with a GF Score™ of 71/100 and a GF Value™ of €15.68. The stock has 3 warning signs investors should review. Among 568 Interactive Media companies, Modern Times Group MTG AB ranks worse than 51.94% 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. Modern Times Group MTG AB's annualizedNet Income for the quarter that ended in Mar. 2026 was €51 Mil. Modern Times Group MTG AB's average total tangible assets for the quarter that ended in Mar. 2026 was €322 Mil. Therefore, Modern Times Group MTG AB's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 15.89%.
The historical rank and industry rank for Modern Times Group MTG AB's Return-on-Tangible-Asset or its related term are showing as below:
FRA:MRTA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -13.66 Med: 0.87 Max: 190.43
Current: 0.29
During the past 13 years, Modern Times Group MTG AB's highest Return-on-Tangible-Asset was 190.43%. The lowest was -13.66%. And the median was 0.87%.
FRA:MRTA's Return-on-Tangible-Asset is ranked worse than 51.94% of 568
companies
in the Interactive Media industry
Industry Median: 0.735
vs FRA:MRTA: 0.29
Modern Times Group MTG AB (FRA:MRTA) 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.
Modern Times Group MTG AB Return-on-Tangible-Asset Related Terms
Modern Times Group MTG AB Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Modern Times Group MTG AB'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.
Modern Times Group MTG AB Return-on-Tangible-Asset Chart
FRA:MRTA vs NTES, EA, TTWO: Return-on-Tangible-Asset Comparison
For the Electronic Gaming & Multimedia subindustry, Modern Times Group MTG AB'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.
Modern Times Group MTG AB Return-on-Tangible-Asset vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Modern Times Group MTG AB's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Modern Times Group MTG AB'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 15.89% mean?
Modern Times Group MTG AB (FRA:MRTA) has a Return-on-Tangible-Asset of 15.89% 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 Modern Times Group MTG AB and its competitors. This is 1726% above median its historical median of 0.87. According to the industry distribution chart, Modern Times Group MTG AB ranks #295 out of 568 companies in the Interactive Media industry, placing it in the top 51.9%.
Is Modern Times Group MTG AB's Return-on-Tangible-Asset too high?
Modern Times Group MTG AB's current Return-on-Tangible-Asset of 15.89% is 1726% above median its 10-year median of 0.87. The Interactive Media industry median Return-on-Tangible-Asset is 0.74. Modern Times Group MTG AB's value of 15.89% is 2061.9% above this industry median. Based on the distribution chart, Modern Times Group MTG AB ranks #295 out of 568 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Modern Times Group MTG AB has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Modern Times Group MTG AB's Return-on-Tangible-Asset compare to NTES and EA?
According to the Interactive Media industry distribution chart, Modern Times Group MTG AB ranks #295 out of 568 companies for Return-on-Tangible-Asset. This places Modern Times Group MTG AB in the lower half of its industry. The industry median Return-on-Tangible-Asset is 0.74. Modern Times Group MTG AB's value of 15.89% is 2061.9% above this benchmark. While the company's 10-year median is 0.87 vs. the industry median of 0.74, Modern Times Group MTG AB 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 Interactive Media company?
The median Return-on-Tangible-Asset among Interactive Media companies is 0.74, based on 568 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. Modern Times Group MTG AB's current Return-on-Tangible-Asset of 15.89% is 2061.9% 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 Modern Times Group MTG AB and its competitors. For the Interactive Media industry, the median Return-on-Tangible-Asset is 0.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Modern Times Group MTG AB's current Return-on-Tangible-Asset is 15.89%, which is 1726% above median its own 10-year median of 0.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modern Times Group MTG AB stock overvalued right now?
Modern Times Group MTG AB (FRA:MRTA) has a current Return-on-Tangible-Asset of 15.89%. The stock's GF Value™ is €15.68, compared to a current price of €10.94 — trading 30.2% below its estimated fair value. The current Return-on-Tangible-Asset is 15.89%, which is 1726% above median its 10-year median of 0.87 and 2061.9% above the Interactive Media industry median of 0.74. Modern Times Group MTG AB's overall GF Score™ is 71/100 with 3 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 Modern Times Group MTG AB (FRA:MRTA), the current Return-on-Tangible-Asset is 15.89% 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 Modern Times Group MTG AB (FRA:MRTA) Overvalued in 2026?
Based on GuruFocus' analysis, Modern Times Group MTG AB stock appears to be undervalued.
The current stock price of €10.94 is trading 30.2% below its estimated GF Value™ of €15.68.
Key valuation signals for FRA:MRTA:
Return-on-Tangible-Asset: 15.89% (1726% above median its 10-year median of 0.87)
GF Value™: €15.68 vs. price of €10.94 (30.2% below fair value)
Industry Position: 2061.9% above the Interactive Media median (#295 of 568)
No single metric tells the full story. See the FRA:MRTA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Modern Times Group MTG AB owns and operates gaming companies and studios with popular IPs across a wide range of casual and mid-core genres. The company's portfolio covers a wide range of evergreen gaming franchises like RAID: Shadow Legends, Forge of Empires, Top Drives, and Bloons, as well as word games like CrossWord Jam and WordTrip. Its games generate revenues through in-app purchases, advertising, and from third-party distribution platforms. It operates in a single business segment.
71GF Score
Get the complete analysis for FRA:MRTA
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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