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MustekJSE:MST 76 Return-on-Tangible-Asset is 2.27% as of Dec. 2025, which is 17% below its 10-year median of 2.74. GuruFocus rates JSE:MST with a GF Score™ of 76/100 and a GF Value™ of R12.56 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 2,502 Hardware companies, Mustek ranks worse than 54.84% 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. Mustek's annualizedNet Income for the quarter that ended in Dec. 2025 was R90 Mil. Mustek's average total tangible assets for the quarter that ended in Dec. 2025 was R3,976 Mil. Therefore, Mustek's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 2.27%.
The historical rank and industry rank for Mustek's Return-on-Tangible-Asset or its related term are showing as below:
JSE:MST'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.42 Med: 2.74 Max: 8.41
Current: 1.76
During the past 13 years, Mustek's highest Return-on-Tangible-Asset was 8.41%. The lowest was 0.42%. And the median was 2.74%.
JSE:MST's Return-on-Tangible-Asset is ranked worse than 54.84% of 2502
companies
in the Hardware industry
Industry Median: 2.44
vs JSE:MST: 1.76
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.
Mustek Return-on-Tangible-Asset Related Terms
Mustek Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Mustek'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.
JSE:MST vs SNDK, DELL, STX: Return-on-Tangible-Asset Comparison
For the Computer Hardware subindustry, Mustek'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.
Mustek Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Mustek's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Mustek'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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 2.27% mean?
Mustek (JSE:MST) has a Return-on-Tangible-Asset of 2.27% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Mustek and its competitors. This is 17% below median its historical median of 2.74. Over the past decade, Mustek's Return-on-Tangible-Asset has ranged from 0.42 to 8.41. According to the industry distribution chart, Mustek ranks #1372 out of 2502 companies in the Hardware industry, placing it in the top 54.8%.
Is Mustek's Return-on-Tangible-Asset too high?
Mustek's current Return-on-Tangible-Asset of 2.27% is 17% below median its 10-year median of 2.74. Over the past 10 years, this metric has ranged from a low of 0.42 to a high of 8.41. The Hardware industry median Return-on-Tangible-Asset is 2.44. Mustek's value of 2.27% is 7% below this industry median. Based on the distribution chart, Mustek ranks #1372 out of 2502 companies in the Hardware industry, which is below the industry midpoint. Overall, Mustek has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mustek's Return-on-Tangible-Asset compare to SNDK and DELL?
According to the Hardware industry distribution chart, Mustek ranks #1372 out of 2502 companies for Return-on-Tangible-Asset. This places Mustek in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.44. Mustek's value of 2.27% is 7% below this benchmark. Historically, Mustek's own Return-on-Tangible-Asset has ranged from 0.42 to 8.41 over the past decade. While the company's 10-year median is 2.74 vs. the industry median of 2.44, Mustek 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.44, based on 2,502 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. Mustek's current Return-on-Tangible-Asset of 2.27% is 7% 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 Mustek and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mustek's current Return-on-Tangible-Asset is 2.27%, which is 17% below median its own 10-year median of 2.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mustek stock overvalued right now?
Based on GuruFocus' analysis, Mustek (JSE:MST) is currently considered Modestly Overvalued. The stock's GF Value™ is R12.56, compared to a current price of R15.20 — trading 21% above its estimated fair value. The current Return-on-Tangible-Asset is 2.27%, which is 17% below median its 10-year median of 2.74 and 7% below the Hardware industry median of 2.44. Mustek's overall GF Score™ is 76/100 with 8 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 Mustek (JSE:MST), the current Return-on-Tangible-Asset is 2.27% as of Dec. 2025. 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 Mustek (JSE:MST) Overvalued in 2026?
Based on GuruFocus' analysis, Mustek stock appears to be overvalued.
The current stock price of R15.20 is trading 21% above its estimated GF Value™ of R12.56.
GuruFocus considers Mustek to be Modestly Overvalued.
Key valuation signals for JSE:MST:
Return-on-Tangible-Asset: 2.27% (17% below median its 10-year median of 2.74)
GF Value™: R12.56 vs. price of R15.20 (21% above fair value)
Industry Position: 7% below the Hardware median (#1372 of 2502)
No single metric tells the full story. See the JSE:MST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mustek Ltd is an assembler and distributor of personal computers and complementary Information and Communication Technology (ICT) products in South Africa. The company's segments include Mustek, Rectron, MIE, and the Group. Mustek includes assembly and distribution of computer products and peripherals, including Mecer-branded products and related services. Rectron includes the distribution of computer components and peripherals. Mecer Inter-Ed (MIE) includes a training provider of accredited training programmes, and the group includes investments in associates and other investments, and loans. Geographically, operates in the region of South Africa. It derives a substantial part of its revenue from the Mustek segment.
76GF 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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