Mercury NZMGHTF +8.44%72 Return-on-Tangible-Asset is 0.40% as of Dec. 2025, which is 87% below its 10-year median of 3.07. GuruFocus rates MGHTF with a GF Score™ of 72/100 and a GF Value™ of $3.98 (Fairly Valued). The stock has 11 warning signs investors should review. Among 448 Utilities - Independent Power Producers companies, Mercury NZ ranks worse than 53.13% 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. Mercury NZ's annualizedNet Income for the quarter that ended in Dec. 2025 was $23 Mil. Mercury NZ's average total tangible assets for the quarter that ended in Dec. 2025 was $5,806 Mil. Therefore, Mercury NZ's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 0.40%.
The historical rank and industry rank for Mercury NZ's Return-on-Tangible-Asset or its related term are showing as below:
MGHTF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.01 Med: 3.07 Max: 5.76
Current: 0.91
During the past 13 years, Mercury NZ's highest Return-on-Tangible-Asset was 5.76%. The lowest was 0.01%. And the median was 3.07%.
MGHTF's Return-on-Tangible-Asset is ranked worse than 53.13% of 448
companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.295
vs MGHTF: 0.91
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.
Mercury NZ Return-on-Tangible-Asset Related Terms
Mercury NZ Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Mercury NZ'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.
For the Utilities - Renewable subindustry, Mercury NZ'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.
Mercury NZ Return-on-Tangible-Asset vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Mercury NZ's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Mercury NZ'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 0.40% mean?
Mercury NZ (MGHTF) has a Return-on-Tangible-Asset of 0.40% 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 Mercury NZ and its competitors. This is 87% below median its historical median of 3.07. Over the past decade, Mercury NZ's Return-on-Tangible-Asset has ranged from 0.01 to 5.76. According to the industry distribution chart, Mercury NZ ranks #238 out of 448 companies in the Utilities - Independent Power Producers industry, placing it in the top 53.1%.
Is Mercury NZ's Return-on-Tangible-Asset too high?
Mercury NZ's current Return-on-Tangible-Asset of 0.40% is 87% below median its 10-year median of 3.07. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 5.76. The Utilities - Independent Power Producers industry median Return-on-Tangible-Asset is 1.30. Mercury NZ's value of 0.40% is 69.1% below this industry median. Based on the distribution chart, Mercury NZ ranks #238 out of 448 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Mercury NZ has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mercury NZ's Return-on-Tangible-Asset compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Mercury NZ ranks #238 out of 448 companies for Return-on-Tangible-Asset. This places Mercury NZ in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.30. Mercury NZ's value of 0.40% is 69.1% below this benchmark. Historically, Mercury NZ's own Return-on-Tangible-Asset has ranged from 0.01 to 5.76 over the past decade. While the company's 10-year median is 3.07 vs. the industry median of 1.30, Mercury NZ has consistently been below 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 Utilities - Independent Power Producers company?
The median Return-on-Tangible-Asset among Utilities - Independent Power Producers companies is 1.30, based on 448 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. Mercury NZ's current Return-on-Tangible-Asset of 0.40% is 69.1% below 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 Mercury NZ and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Asset is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mercury NZ's current Return-on-Tangible-Asset is 0.40%, which is 87% below median its own 10-year median of 3.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercury NZ stock overvalued right now?
Based on GuruFocus' analysis, Mercury NZ (MGHTF) is currently considered Fairly Valued. The stock's GF Value™ is $3.98, compared to a current price of $4.37 — trading 9.8% above its estimated fair value. The current Return-on-Tangible-Asset is 0.40%, which is 87% below median its 10-year median of 3.07 and 69.1% below the Utilities - Independent Power Producers industry median of 1.30. Mercury NZ's overall GF Score™ is 72/100 with 11 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 Mercury NZ (MGHTF), the current Return-on-Tangible-Asset is 0.40% 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 Mercury NZ (MGHTF) Overvalued in 2026?
Based on GuruFocus' analysis, Mercury NZ stock appears to be overvalued.
The current stock price of $4.37 is trading 9.8% above its estimated GF Value™ of $3.98.
GuruFocus considers Mercury NZ to be Fairly Valued.
Key valuation signals for MGHTF:
Return-on-Tangible-Asset: 0.40% (87% below median its 10-year median of 3.07)
GF Value™: $3.98 vs. price of $4.37 (9.8% above fair value)
Industry Position: 69.1% below the Utilities - Independent Power Producers median (#238 of 448)
No single metric tells the full story. See the MGHTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mercury NZ (formerly Mighty River Power) generates more than 15% of New Zealand's electricity and is one of the four major electricity generators and suppliers in the country. All electricity is generated from renewable sources, which makes it one of the lowest-cost providers of electricity. The company operates nine hydro stations and five geothermal power plants in the North Island and some wind farms. Mercury sells electricity to residential and commercial customers and has the largest share of the key Auckland market.
72GF Score
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