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Magellan AerospaceMALJF -0.61%74 Return-on-Tangible-Asset is 5.80% as of Mar. 2026, which is 64% above its 10-year median of 3.53. GuruFocus rates MALJF with a GF Score™ of 74/100 and a GF Value™ of $8.34 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 359 Aerospace & Defense companies, Magellan Aerospace ranks better than 57.1% 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. Magellan Aerospace's annualizedNet Income for the quarter that ended in Mar. 2026 was $48.0 Mil. Magellan Aerospace's average total tangible assets for the quarter that ended in Mar. 2026 was $828.8 Mil. Therefore, Magellan Aerospace's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 5.80%.
The historical rank and industry rank for Magellan Aerospace's Return-on-Tangible-Asset or its related term are showing as below:
MALJF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.31 Med: 3.53 Max: 12.29
Current: 4
During the past 13 years, Magellan Aerospace's highest Return-on-Tangible-Asset was 12.29%. The lowest was -2.31%. And the median was 3.53%.
MALJF's Return-on-Tangible-Asset is ranked better than 57.1% of 359
companies
in the Aerospace & Defense industry
Industry Median: 3.05
vs MALJF: 4.00
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.
Magellan Aerospace Return-on-Tangible-Asset Related Terms
Magellan Aerospace Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Magellan Aerospace'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.
MALJF vs SPCX, GE, RTX: Return-on-Tangible-Asset Comparison
For the Aerospace & Defense subindustry, Magellan Aerospace'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.
Magellan Aerospace Return-on-Tangible-Asset vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Magellan Aerospace's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Magellan Aerospace'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 four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 5.80% mean?
Magellan Aerospace (MALJF) has a Return-on-Tangible-Asset of 5.80% 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 Magellan Aerospace and its competitors. This is 64% above median its historical median of 3.53. According to the industry distribution chart, Magellan Aerospace ranks #154 out of 359 companies in the Aerospace & Defense industry, placing it in the top 42.9%.
Is Magellan Aerospace's Return-on-Tangible-Asset too high?
Magellan Aerospace's current Return-on-Tangible-Asset of 5.80% is 64% above median its 10-year median of 3.53. The Aerospace & Defense industry median Return-on-Tangible-Asset is 3.05. Magellan Aerospace's value of 5.80% is 90.2% above this industry median. Based on the distribution chart, Magellan Aerospace ranks #154 out of 359 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Magellan Aerospace has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Magellan Aerospace's Return-on-Tangible-Asset compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Magellan Aerospace ranks #154 out of 359 companies for Return-on-Tangible-Asset. This puts Magellan Aerospace in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.05. Magellan Aerospace's value of 5.80% is 90.2% above this benchmark. While the company's 10-year median is 3.53 vs. the industry median of 3.05, Magellan Aerospace 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 Aerospace & Defense company?
The median Return-on-Tangible-Asset among Aerospace & Defense companies is 3.05, based on 359 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. Magellan Aerospace's current Return-on-Tangible-Asset of 5.80% is 90.2% 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 Magellan Aerospace and its competitors. For the Aerospace & Defense industry, the median Return-on-Tangible-Asset is 3.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Magellan Aerospace's current Return-on-Tangible-Asset is 5.80%, which is 64% above median its own 10-year median of 3.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magellan Aerospace stock overvalued right now?
Based on GuruFocus' analysis, Magellan Aerospace (MALJF) is currently considered Significantly Overvalued. The stock's GF Value™ is $8.34, compared to a current price of $22.82 — trading 173.6% above its estimated fair value. The current Return-on-Tangible-Asset is 5.80%, which is 64% above median its 10-year median of 3.53 and 90.2% above the Aerospace & Defense industry median of 3.05. Magellan Aerospace's overall GF Score™ is 74/100 with 7 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 Magellan Aerospace (MALJF), the current Return-on-Tangible-Asset is 5.80% 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.
Is Magellan Aerospace (MALJF) Overvalued in 2026?
Based on GuruFocus' analysis, Magellan Aerospace stock appears to be overvalued.
The current stock price of $22.82 is trading 173.6% above its estimated GF Value™ of $8.34.
GuruFocus considers Magellan Aerospace to be Significantly Overvalued.
Key valuation signals for MALJF:
Return-on-Tangible-Asset: 5.80% (64% above median its 10-year median of 3.53)
GF Value™: $8.34 vs. price of $22.82 (173.6% above fair value)
Industry Position: 90.2% above the Aerospace & Defense median (#154 of 359)
No single metric tells the full story. See the MALJF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Magellan Aerospace Corp supplies components to the aerospace industry. Through its subsidiaries, it engineers and manufactures aero-engine and aerostructure components for aerospace markets, including products for defense and space markets, and complementary specialty products. Some of its product offerings include honeycomb and filament-wound tubes, frames, compressor components, bypass ducts, black brant rockets, and helicopter power transmission housings, among others. The group also supports the aftermarket through the supply of spare parts as well as through repair and overhaul services. It operates activities in one reportable segment, namely Aerospace. Geographically, the group derives its maximum revenue from Canada, followed by the United States and Europe.
74GF 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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