Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Mincon GroupLSE:MCON 56 Return-on-Tangible-Asset is 4.63% as of Dec. 2025, which is 48% below its 10-year median of 8.90. GuruFocus rates LSE:MCON with a GF Score™ of 56/100 and a GF Value™ of £0.40 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 3,078 Industrial Products companies, Mincon Group ranks better than 50.1% 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. Mincon Group's annualizedNet Income for the quarter that ended in Dec. 2025 was £6.7 Mil. Mincon Group's average total tangible assets for the quarter that ended in Dec. 2025 was £144.2 Mil. Therefore, Mincon Group's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 4.63%.
The historical rank and industry rank for Mincon Group's Return-on-Tangible-Asset or its related term are showing as below:
LSE:MCON'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.01 Med: 8.9 Max: 12
Current: 3.28
During the past 13 years, Mincon Group's highest Return-on-Tangible-Asset was 12.00%. The lowest was 1.01%. And the median was 8.90%.
LSE:MCON's Return-on-Tangible-Asset is ranked better than 50.1% of 3078
companies
in the Industrial Products industry
Industry Median: 3.26
vs LSE:MCON: 3.28
Mincon Group (LSE:MCON) 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.
Mincon Group Return-on-Tangible-Asset Related Terms
Mincon Group Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Mincon Group'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.
LSE:MCON vs SNA, RBC, SWK: Return-on-Tangible-Asset Comparison
For the Tools & Accessories subindustry, Mincon Group'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.
Mincon Group Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Mincon Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Mincon Group'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 4.63% mean?
Mincon Group (LSE:MCON) has a Return-on-Tangible-Asset of 4.63% 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 Mincon Group and its competitors. This is 48% below median its historical median of 8.90. Over the past decade, Mincon Group's Return-on-Tangible-Asset has ranged from 1.01 to 12.00. According to the industry distribution chart, Mincon Group ranks #1536 out of 3078 companies in the Industrial Products industry, placing it in the top 49.9%.
Is Mincon Group's Return-on-Tangible-Asset too high?
Mincon Group's current Return-on-Tangible-Asset of 4.63% is 48% below median its 10-year median of 8.90. Over the past 10 years, this metric has ranged from a low of 1.01 to a high of 12.00. The Industrial Products industry median Return-on-Tangible-Asset is 3.26. Mincon Group's value of 4.63% is 42% above this industry median. Based on the distribution chart, Mincon Group ranks #1536 out of 3078 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Mincon Group has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mincon Group's Return-on-Tangible-Asset compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Mincon Group ranks #1536 out of 3078 companies for Return-on-Tangible-Asset. This puts Mincon Group in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.26. Mincon Group's value of 4.63% is 42% above this benchmark. Historically, Mincon Group's own Return-on-Tangible-Asset has ranged from 1.01 to 12.00 over the past decade. While the company's 10-year median is 8.90 vs. the industry median of 3.26, Mincon Group 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 3.26, 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. Mincon Group's current Return-on-Tangible-Asset of 4.63% is 42% 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 Mincon Group and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mincon Group's current Return-on-Tangible-Asset is 4.63%, which is 48% below median its own 10-year median of 8.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mincon Group stock overvalued right now?
Based on GuruFocus' analysis, Mincon Group (LSE:MCON) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.40, compared to a current price of £0.60 — trading 50% above its estimated fair value. The current Return-on-Tangible-Asset is 4.63%, which is 48% below median its 10-year median of 8.90 and 42% above the Industrial Products industry median of 3.26. Mincon Group's overall GF Score™ is 56/100 with 5 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 Mincon Group (LSE:MCON), the current Return-on-Tangible-Asset is 4.63% 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 Mincon Group (LSE:MCON) Overvalued in 2026?
Based on GuruFocus' analysis, Mincon Group stock appears to be overvalued.
The current stock price of £0.60 is trading 50% above its estimated GF Value™ of £0.40.
GuruFocus considers Mincon Group to be Significantly Overvalued.
Key valuation signals for LSE:MCON:
Return-on-Tangible-Asset: 4.63% (48% below median its 10-year median of 8.90)
GF Value™: £0.40 vs. price of £0.60 (50% above fair value)
Industry Position: 42% above the Industrial Products median (#1536 of 3078)
No single metric tells the full story. See the LSE:MCON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mincon Group PLC designs, produces, and sells rock drilling tools. Its products are used in the mining exploration, oil and gas production, water well drilling, geothermal drilling, and seismic drilling sectors. Mincon's product offerings include conventional down-the-hole hammers, inverted circulation down-the-hole hammers, horizontal directional drilling systems, mast integration systems, drill pipes, and shock absorbers, among others. It also provides training, after-sales support, and related services to customers through its network of sales and distribution companies. Maximum revenue is derived from the sale of drilling equipment. Geographically, the company generates maximum revenue from Europe, Middle East, Africa (EMEA), followed by the Americas, Australasia, and Ireland.
56GF Score
Get the complete analysis for LSE:MCON
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LSE:MCON has been successfully added to your 
