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MHALSE:MHA 29 Return-on-Tangible-Asset is 14.67% as of Mar. 2026, which is 71% below its 10-year median of 51.39. GuruFocus rates LSE:MHA with a GF Score™ of 29/100. The stock has 1 warning sign investors should review. Among 1,094 Business Services companies, MHA ranks better than 99.36% 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. MHA's annualizedNet Income for the quarter that ended in Mar. 2026 was £20.1 Mil. MHA's average total tangible assets for the quarter that ended in Mar. 2026 was £136.9 Mil. Therefore, MHA's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 14.67%.
The historical rank and industry rank for MHA's Return-on-Tangible-Asset or its related term are showing as below:
LSE:MHA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 21.98 Med: 51.39 Max: 80.51
Current: 21.98
During the past 5 years, MHA's highest Return-on-Tangible-Asset was 80.51%. The lowest was 21.98%. And the median was 51.39%.
LSE:MHA's Return-on-Tangible-Asset is ranked better than 99.36% of 1094
companies
in the Business Services industry
Industry Median: 3.97
vs LSE:MHA: 21.98
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.
MHA Return-on-Tangible-Asset Related Terms
MHA Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for MHA'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:MHA vs CTAS, CPRT, ULS: Return-on-Tangible-Asset Comparison
For the Specialty Business Services subindustry, MHA'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.
MHA Return-on-Tangible-Asset vs Business Services Industry
For the Business Services industry and Industrials sector, MHA's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where MHA'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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 14.67% mean?
MHA (LSE:MHA) has a Return-on-Tangible-Asset of 14.67% 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 MHA and its competitors. This is 71% below median its historical median of 51.39. Over the past decade, MHA's Return-on-Tangible-Asset has ranged from 21.98 to 80.51. According to the industry distribution chart, MHA ranks #7 out of 1094 companies in the Business Services industry, placing it in the top 0.59999999999999%.
Is MHA's Return-on-Tangible-Asset too high?
MHA's current Return-on-Tangible-Asset of 14.67% is 71% below median its 10-year median of 51.39. Over the past 10 years, this metric has ranged from a low of 21.98 to a high of 80.51. The Business Services industry median Return-on-Tangible-Asset is 3.97. MHA's value of 14.67% is 269.5% above this industry median. Based on the distribution chart, MHA ranks #7 out of 1094 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, MHA has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does MHA's Return-on-Tangible-Asset compare to CTAS and CPRT?
According to the Business Services industry distribution chart, MHA ranks #7 out of 1094 companies for Return-on-Tangible-Asset. This places MHA in the top 1% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.97. MHA's value of 14.67% is 269.5% above this benchmark. Historically, MHA's own Return-on-Tangible-Asset has ranged from 21.98 to 80.51 over the past decade. While the company's 10-year median is 51.39 vs. the industry median of 3.97, MHA 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 a Business Services company?
The median Return-on-Tangible-Asset among Business Services companies is 3.97, based on 1,094 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. MHA's current Return-on-Tangible-Asset of 14.67% is 269.5% 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 MHA and its competitors. For the Business Services industry, the median Return-on-Tangible-Asset is 3.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MHA's current Return-on-Tangible-Asset is 14.67%, which is 71% below median its own 10-year median of 51.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MHA stock overvalued right now?
MHA (LSE:MHA) has a current Return-on-Tangible-Asset of 14.67%. The current Return-on-Tangible-Asset is 14.67%, which is 71% below median its 10-year median of 51.39 and 269.5% above the Business Services industry median of 3.97. MHA's overall GF Score™ is 29/100 with 1 warning sign 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 MHA (LSE:MHA), the current Return-on-Tangible-Asset is 14.67% 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.
MHA PLC is an accountancy firm in the UK. The company acts as a professional services provider of audit and assurance, tax, accountancy, and advisory services, based in the UK with an international presence. The company is referred to as a trusted advisor to its clients, offering skills and services across multiple disciplines and sectors. The company operates in one operating segment, which is the provision of professional services.
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