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.
Plaza CentresMAL:PZC 59 Return-on-Tangible-Asset is 2.24% as of Dec. 2025, which is 22% below its 10-year median of 2.87. GuruFocus rates MAL:PZC with a GF Score™ of 59/100 and a GF Value™ of €0.66 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,800 Real Estate companies, Plaza Centres ranks better than 62.11% 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. Plaza Centres's annualizedNet Income for the quarter that ended in Dec. 2025 was €0.84 Mil. Plaza Centres's average total tangible assets for the quarter that ended in Dec. 2025 was €37.70 Mil. Therefore, Plaza Centres's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 2.24%.
The historical rank and industry rank for Plaza Centres's Return-on-Tangible-Asset or its related term are showing as below:
MAL:PZC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.07 Med: 2.87 Max: 3.35
Current: 2.96
During the past 13 years, Plaza Centres's highest Return-on-Tangible-Asset was 3.35%. The lowest was 1.07%. And the median was 2.87%.
MAL:PZC's Return-on-Tangible-Asset is ranked better than 62.11% of 1800
companies
in the Real Estate industry
Industry Median: 1.755
vs MAL:PZC: 2.96
Plaza Centres (MAL:PZC) 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.
Plaza Centres Return-on-Tangible-Asset Related Terms
Plaza Centres Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Plaza Centres'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.
MAL:PZC vs CBRE, BEKE, JLL: Return-on-Tangible-Asset Comparison
For the Real Estate Services subindustry, Plaza Centres'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.
Plaza Centres Return-on-Tangible-Asset vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Plaza Centres's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Plaza Centres'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 2.24% mean?
Plaza Centres (MAL:PZC) has a Return-on-Tangible-Asset of 2.24% 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 Plaza Centres and its competitors. This is 22% below median its historical median of 2.87. Over the past decade, Plaza Centres' Return-on-Tangible-Asset has ranged from 1.07 to 3.35. According to the industry distribution chart, Plaza Centres ranks #682 out of 1800 companies in the Real Estate industry, placing it in the top 37.9%.
Is Plaza Centres' Return-on-Tangible-Asset too high?
Plaza Centres' current Return-on-Tangible-Asset of 2.24% is 22% below median its 10-year median of 2.87. Over the past 10 years, this metric has ranged from a low of 1.07 to a high of 3.35. The Real Estate industry median Return-on-Tangible-Asset is 1.76. Plaza Centres' value of 2.24% is 27.6% above this industry median. Based on the distribution chart, Plaza Centres ranks #682 out of 1800 companies in the Real Estate industry, which is above the industry midpoint. Overall, Plaza Centres has a GF Score™ of 59/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Plaza Centres' Return-on-Tangible-Asset compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Plaza Centres ranks #682 out of 1800 companies for Return-on-Tangible-Asset. This puts Plaza Centres in the upper half of its industry. The industry median Return-on-Tangible-Asset is 1.76. Plaza Centres' value of 2.24% is 27.6% above this benchmark. Historically, Plaza Centres' own Return-on-Tangible-Asset has ranged from 1.07 to 3.35 over the past decade. While the company's 10-year median is 2.87 vs. the industry median of 1.76, Plaza Centres 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 1.76, 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. Plaza Centres's current Return-on-Tangible-Asset of 2.24% is 27.6% 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 Plaza Centres and its competitors. For the Real Estate industry, the median Return-on-Tangible-Asset is 1.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Plaza Centres's current Return-on-Tangible-Asset is 2.24%, which is 22% below median its own 10-year median of 2.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Plaza Centres stock overvalued right now?
Based on GuruFocus' analysis, Plaza Centres (MAL:PZC) is currently considered Modestly Overvalued. The stock's GF Value™ is €0.66, compared to a current price of €0.84 — trading 27.3% above its estimated fair value. The current Return-on-Tangible-Asset is 2.24%, which is 22% below median its 10-year median of 2.87 and 27.6% above the Real Estate industry median of 1.76. Plaza Centres' overall GF Score™ is 59/100 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 Plaza Centres (MAL:PZC), the current Return-on-Tangible-Asset is 2.24% 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 Plaza Centres (MAL:PZC) Overvalued in 2026?
Based on GuruFocus' analysis, Plaza Centres stock appears to be overvalued.
The current stock price of €0.84 is trading 27.3% above its estimated GF Value™ of €0.66.
GuruFocus considers Plaza Centres to be Modestly Overvalued.
Key valuation signals for MAL:PZC:
Return-on-Tangible-Asset: 2.24% (22% below median its 10-year median of 2.87)
GF Value™: €0.66 vs. price of €0.84 (27.3% above fair value)
Industry Position: 27.6% above the Real Estate median (#682 of 1800)
No single metric tells the full story. See the MAL:PZC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Plaza Centres PLC is engaged in the business of leasing and managing the plaza shopping and commercial centers. The company is carrying on the business activities of establishing, operating, and selling shopping and entertainment centers. The firm generates its revenue from the rental income that comes from retail outlets and office space on its commercial property.
59GF Score
Get the complete analysis for MAL:PZC
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
MAL:PZC has been successfully added to your 
