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MrMax HoldingsFSE:8203 72 Return-on-Tangible-Asset is 1.89% as of Feb. 2026, which is 37% below its 10-year median of 3.02. GuruFocus rates FSE:8203 with a GF Score™ of 72/100 and a GF Value™ of 円790.51. The stock has 2 warning signs investors should review. Among 311 Retail - Defensive companies, MrMax Holdings ranks worse than 56.59% 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. MrMax Holdings's annualizedNet Income for the quarter that ended in Feb. 2026 was 円1,640 Mil. MrMax Holdings's average total tangible assets for the quarter that ended in Feb. 2026 was 円86,730 Mil. Therefore, MrMax Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2026 was 1.89%.
The historical rank and industry rank for MrMax Holdings's Return-on-Tangible-Asset or its related term are showing as below:
FSE:8203'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.3 Med: 3.02 Max: 4.32
Current: 3.19
During the past 13 years, MrMax Holdings's highest Return-on-Tangible-Asset was 4.32%. The lowest was 1.30%. And the median was 3.02%.
FSE:8203's Return-on-Tangible-Asset is ranked worse than 56.59% of 311
companies
in the Retail - Defensive industry
Industry Median: 3.86
vs FSE:8203: 3.19
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.
MrMax Holdings Return-on-Tangible-Asset Related Terms
MrMax Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for MrMax Holdings'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.
FSE:8203 vs WMT, COST, TGT: Return-on-Tangible-Asset Comparison
For the Discount Stores subindustry, MrMax Holdings'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.
MrMax Holdings Return-on-Tangible-Asset vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, MrMax Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where MrMax Holdings'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 two times the semi-annual (Feb. 2026) net income data.
What does a Return-on-Tangible-Asset of 1.89% mean?
MrMax Holdings (FSE:8203) has a Return-on-Tangible-Asset of 1.89% as of Feb. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on MrMax Holdings and its competitors. This is 37% below median its historical median of 3.02. Over the past decade, MrMax Holdings' Return-on-Tangible-Asset has ranged from 1.30 to 4.32. According to the industry distribution chart, MrMax Holdings ranks #176 out of 311 companies in the Retail - Defensive industry, placing it in the top 56.6%.
Is MrMax Holdings' Return-on-Tangible-Asset too high?
MrMax Holdings' current Return-on-Tangible-Asset of 1.89% is 37% below median its 10-year median of 3.02. Over the past 10 years, this metric has ranged from a low of 1.30 to a high of 4.32. The Retail - Defensive industry median Return-on-Tangible-Asset is 3.86. MrMax Holdings' value of 1.89% is 51% below this industry median. Based on the distribution chart, MrMax Holdings ranks #176 out of 311 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, MrMax Holdings has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does MrMax Holdings' Return-on-Tangible-Asset compare to WMT and COST?
According to the Retail - Defensive industry distribution chart, MrMax Holdings ranks #176 out of 311 companies for Return-on-Tangible-Asset. This places MrMax Holdings in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.86. MrMax Holdings' value of 1.89% is 51% below this benchmark. Historically, MrMax Holdings' own Return-on-Tangible-Asset has ranged from 1.30 to 4.32 over the past decade. While the company's 10-year median is 3.02 vs. the industry median of 3.86, MrMax Holdings has consistently been below 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 a Retail - Defensive company?
The median Return-on-Tangible-Asset among Retail - Defensive companies is 3.86, based on 311 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. MrMax Holdings's current Return-on-Tangible-Asset of 1.89% is 51% below 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 MrMax Holdings and its competitors. For the Retail - Defensive industry, the median Return-on-Tangible-Asset is 3.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MrMax Holdings's current Return-on-Tangible-Asset is 1.89%, which is 37% below median its own 10-year median of 3.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MrMax Holdings stock overvalued right now?
MrMax Holdings (FSE:8203) has a current Return-on-Tangible-Asset of 1.89%. The stock's GF Value™ is 円790.51, compared to a current price of 円817.00 — trading 3.4% above its estimated fair value. The current Return-on-Tangible-Asset is 1.89%, which is 37% below median its 10-year median of 3.02 and 51% below the Retail - Defensive industry median of 3.86. MrMax Holdings' overall GF Score™ is 72/100 with 2 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 MrMax Holdings (FSE:8203), the current Return-on-Tangible-Asset is 1.89% as of Feb. 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 MrMax Holdings (FSE:8203) Overvalued in 2026?
Based on GuruFocus' analysis, MrMax Holdings stock appears to be overvalued.
The current stock price of 円817.00 is trading 3.4% above its estimated GF Value™ of 円790.51.
Key valuation signals for FSE:8203:
Return-on-Tangible-Asset: 1.89% (37% below median its 10-year median of 3.02)
GF Value™: 円790.51 vs. price of 円817.00 (3.4% above fair value)
Industry Position: 51% below the Retail - Defensive median (#176 of 311)
No single metric tells the full story. See the FSE:8203 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MrMax Holdings Ltd is an online and physical discount store that sells household and consumer products. The company offers products such as T.V, phones, kitchen and household electronic appliances, sanitary products, clothes, sports goods, foods, and beverages, carry cases, and others.
72GF Score
Get the complete analysis for FSE:8203
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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