AX Real EstateMAL:AXR -0.41%29 Return-on-Tangible-Asset is 11.20% as of Oct. 2025, which is 512% above its 10-year median of 1.83. GuruFocus rates MAL:AXR with a GF Score™ of 29/100 and a GF Value™ of €0.81 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 1,800 Real Estate companies, AX Real Estate ranks better than 84.94% 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. AX Real Estate's annualizedNet Income for the quarter that ended in Oct. 2025 was €37.82 Mil. AX Real Estate's average total tangible assets for the quarter that ended in Oct. 2025 was €337.66 Mil. Therefore, AX Real Estate's annualized Return-on-Tangible-Asset for the quarter that ended in Oct. 2025 was 11.20%.
The historical rank and industry rank for AX Real Estate's Return-on-Tangible-Asset or its related term are showing as below:
MAL:AXR'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.14 Med: 1.83 Max: 6.54
Current: 6.54
During the past 4 years, AX Real Estate's highest Return-on-Tangible-Asset was 6.54%. The lowest was 0.14%. And the median was 1.83%.
MAL:AXR's Return-on-Tangible-Asset is ranked better than 84.94% of 1800
companies
in the Real Estate industry
Industry Median: 1.745
vs MAL:AXR: 6.54
AX Real Estate (MAL:AXR) 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.
AX Real Estate Return-on-Tangible-Asset Related Terms
AX Real Estate Return-on-Tangible-Asset Historical Data
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The historical data trend for AX Real Estate'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.
AX Real Estate Return-on-Tangible-Asset Competitor Comparison
For the Real Estate - Diversified subindustry, AX Real Estate'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.
AX Real Estate Return-on-Tangible-Asset vs Real Estate Industry
For the Real Estate industry and Real Estate sector, AX Real Estate's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where AX Real Estate'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 (Oct. 2025) net income data.
What does a Return-on-Tangible-Asset of 11.20% mean?
AX Real Estate (MAL:AXR) has a Return-on-Tangible-Asset of 11.20% as of Oct. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on AX Real Estate and its competitors. This is 512% above median its historical median of 1.83. Over the past decade, AX Real Estate's Return-on-Tangible-Asset has ranged from 0.14 to 6.54. According to the industry distribution chart, AX Real Estate ranks #271 out of 1800 companies in the Real Estate industry, placing it in the top 15.1%.
Is AX Real Estate's Return-on-Tangible-Asset too high?
AX Real Estate's current Return-on-Tangible-Asset of 11.20% is 512% above median its 10-year median of 1.83. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 6.54. The Real Estate industry median Return-on-Tangible-Asset is 1.75. AX Real Estate's value of 11.20% is 541.8% above this industry median. Based on the distribution chart, AX Real Estate ranks #271 out of 1800 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, AX Real Estate has a GF Score™ of 29/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does AX Real Estate's Return-on-Tangible-Asset compare to competitors?
According to the Real Estate industry distribution chart, AX Real Estate ranks #271 out of 1800 companies for Return-on-Tangible-Asset. This places AX Real Estate in the top 15% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.75. AX Real Estate's value of 11.20% is 541.8% above this benchmark. Historically, AX Real Estate's own Return-on-Tangible-Asset has ranged from 0.14 to 6.54 over the past decade. While the company's 10-year median is 1.83 vs. the industry median of 1.75, AX Real Estate 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 Real Estate company?
The median Return-on-Tangible-Asset among Real Estate companies is 1.75, based on 1,800 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. AX Real Estate's current Return-on-Tangible-Asset of 11.20% is 541.8% 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 AX Real Estate and its competitors. For the Real Estate industry, the median Return-on-Tangible-Asset is 1.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AX Real Estate's current Return-on-Tangible-Asset is 11.20%, which is 512% above median its own 10-year median of 1.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AX Real Estate stock overvalued right now?
Based on GuruFocus' analysis, AX Real Estate (MAL:AXR) is currently considered Possible Value Trap. The stock's GF Value™ is €0.81, compared to a current price of €0.49 — trading 39.8% below its estimated fair value. The current Return-on-Tangible-Asset is 11.20%, which is 512% above median its 10-year median of 1.83 and 541.8% above the Real Estate industry median of 1.75. AX Real Estate's overall GF Score™ is 29/100 with 9 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 AX Real Estate (MAL:AXR), the current Return-on-Tangible-Asset is 11.20% as of Oct. 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 AX Real Estate (MAL:AXR) Overvalued in 2026?
Based on GuruFocus' analysis, AX Real Estate stock appears to be undervalued.
The current stock price of €0.49 is trading 39.8% below its estimated GF Value™ of €0.81.
GuruFocus considers AX Real Estate to be Possible Value Trap.
Key valuation signals for MAL:AXR:
Return-on-Tangible-Asset: 11.20% (512% above median its 10-year median of 1.83)
GF Value™: €0.81 vs. price of €0.49 (39.8% below fair value)
Industry Position: 541.8% above the Real Estate median (#271 of 1800)
No single metric tells the full story. See the MAL:AXR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AX Real Estate PLC serves as the holding company of the Estates Group within the AX Group, with the former boasting a diverse portfolio of properties. It is engaged in four main business sectors namely, Care, Construction, Hospitality, Real Estate, and Development, and is also involved in renewable energy. It generates rental revenues from Hospitality, Care home, Offices, Residential, and Warehousing. It generates the majority of its revenue from the Hospitality segment.
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