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Mueller IndustriesFRA:MUD -4.10%92 Return-on-Tangible-Asset is 28.87% as of Jun. 2026, which is 67% above its 10-year median of 17.27. GuruFocus rates FRA:MUD with a GF Score™ of 92/100 and a GF Value™ of €36.55 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 3,078 Industrial Products companies, Mueller Industries ranks better than 98.9% 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. Mueller Industries's annualizedNet Income for the quarter that ended in Jun. 2026 was €867 Mil. Mueller Industries's average total tangible assets for the quarter that ended in Jun. 2026 was €3,003 Mil. Therefore, Mueller Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 28.87%.
The historical rank and industry rank for Mueller Industries's Return-on-Tangible-Asset or its related term are showing as below:
FRA:MUD'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.03 Med: 17.27 Max: 37.34
Current: 26.45
During the past 13 years, Mueller Industries's highest Return-on-Tangible-Asset was 37.34%. The lowest was 7.03%. And the median was 17.27%.
FRA:MUD's Return-on-Tangible-Asset is ranked better than 98.9% of 3078
companies
in the Industrial Products industry
Industry Median: 3.28
vs FRA:MUD: 26.45
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.
Mueller Industries Return-on-Tangible-Asset Related Terms
Mueller Industries Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Mueller Industries'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:MUD vs CMC, ESAB, GPGI: Return-on-Tangible-Asset Comparison
For the Metal Fabrication subindustry, Mueller Industries'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.
Mueller Industries Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Mueller Industries's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Mueller Industries'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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 28.87% mean?
Mueller Industries (FRA:MUD) has a Return-on-Tangible-Asset of 28.87% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Mueller Industries and its competitors. This is 67% above median its historical median of 17.27. Over the past decade, Mueller Industries' Return-on-Tangible-Asset has ranged from 7.03 to 37.34. According to the industry distribution chart, Mueller Industries ranks #34 out of 3078 companies in the Industrial Products industry, placing it in the top 1.1%.
Is Mueller Industries' Return-on-Tangible-Asset too high?
Mueller Industries' current Return-on-Tangible-Asset of 28.87% is 67% above median its 10-year median of 17.27. Over the past 10 years, this metric has ranged from a low of 7.03 to a high of 37.34. The Industrial Products industry median Return-on-Tangible-Asset is 3.28. Mueller Industries' value of 28.87% is 780.2% above this industry median. Based on the distribution chart, Mueller Industries ranks #34 out of 3078 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Mueller Industries has a GF Score™ of 92/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mueller Industries' Return-on-Tangible-Asset compare to CMC and ESAB?
According to the Industrial Products industry distribution chart, Mueller Industries ranks #34 out of 3078 companies for Return-on-Tangible-Asset. This places Mueller Industries in the top 1% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.28. Mueller Industries' value of 28.87% is 780.2% above this benchmark. Historically, Mueller Industries' own Return-on-Tangible-Asset has ranged from 7.03 to 37.34 over the past decade. While the company's 10-year median is 17.27 vs. the industry median of 3.28, Mueller Industries 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 Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.28, based on 3,078 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. Mueller Industries's current Return-on-Tangible-Asset of 28.87% is 780.2% 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 Mueller Industries and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mueller Industries's current Return-on-Tangible-Asset is 28.87%, which is 67% above median its own 10-year median of 17.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mueller Industries stock overvalued right now?
Based on GuruFocus' analysis, Mueller Industries (FRA:MUD) is currently considered Significantly Overvalued. The stock's GF Value™ is €36.55, compared to a current price of €56.10 — trading 53.5% above its estimated fair value. The current Return-on-Tangible-Asset is 28.87%, which is 67% above median its 10-year median of 17.27 and 780.2% above the Industrial Products industry median of 3.28. Mueller Industries' overall GF Score™ is 92/100 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 Mueller Industries (FRA:MUD), the current Return-on-Tangible-Asset is 28.87% as of Jun. 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 Mueller Industries (FRA:MUD) Overvalued in 2026?
Based on GuruFocus' analysis, Mueller Industries stock appears to be overvalued.
The current stock price of €56.10 is trading 53.5% above its estimated GF Value™ of €36.55.
GuruFocus considers Mueller Industries to be Significantly Overvalued.
Key valuation signals for FRA:MUD:
Return-on-Tangible-Asset: 28.87% (67% above median its 10-year median of 17.27)
GF Value™: €36.55 vs. price of €56.10 (53.5% above fair value)
Industry Position: 780.2% above the Industrial Products median (#34 of 3078)
No single metric tells the full story. See the FRA:MUD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mueller Industries Inc makes copper, brass, aluminum, and plastic products. The company reports three business segments: piping systems, industrial metals, and climate. Piping systems, earning majority of the company's revenue, produces tubes, fittings, rods, valves, and other products and operates various firms world-wide. The industrial metals segment manufactures impacts and micro-gauge, brass rod and copper bar products, and brass value-added products. The climate segment produces items used to create temperature-control goods, including valves, twisted tubes, coaxial heat exchangers, and others. Geographically, it operates in USA, UK, Canada, Asia and the Middle East and Mexico.
92GF 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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