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The historical rank and industry rank for Magnitogorsk Iron & Steel Works PJSC's Return-on-Tangible-Asset or its related term are showing as below:
MIC:MAGN's Return-on-Tangible-Asset is not ranked *
in the Steel industry.
Industry Median: 2.035 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN) 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.
Magnitogorsk Iron & Steel Works PJSC Return-on-Tangible-Asset Related Terms
Magnitogorsk Iron & Steel Works PJSC Return-on-Tangible-Asset Historical Data
* 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.
Magnitogorsk Iron & Steel Works PJSC Return-on-Tangible-Asset Chart
MIC:MAGN vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Magnitogorsk Iron & Steel Works PJSC'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.
Magnitogorsk Iron & Steel Works PJSC Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Magnitogorsk Iron & Steel Works PJSC's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Magnitogorsk Iron & Steel Works PJSC'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. 2023) net income data.
What does a Return-on-Tangible-Asset of 15.45% mean?
Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN) has a Return-on-Tangible-Asset of 15.45% as of Dec. 2023. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Magnitogorsk Iron & Steel Works PJSC and its competitors.
Is Magnitogorsk Iron & Steel Works PJSC's Return-on-Tangible-Asset too high?
Magnitogorsk Iron & Steel Works PJSC's current Return-on-Tangible-Asset is 15.45%. The Steel industry median Return-on-Tangible-Asset is 2.04. Magnitogorsk Iron & Steel Works PJSC's value of 15.45% is 659.2% above this industry median. Overall, Magnitogorsk Iron & Steel Works PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Magnitogorsk Iron & Steel Works PJSC's Return-on-Tangible-Asset compare to NUE and STLD?
Magnitogorsk Iron & Steel Works PJSC's Return-on-Tangible-Asset of 15.45% can be compared against companies in the Steel industry. The industry median Return-on-Tangible-Asset is 2.04. Magnitogorsk Iron & Steel Works PJSC's value of 15.45% is 659.2% above this benchmark. 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 Steel company?
The median Return-on-Tangible-Asset among Steel companies is 2.04, based on 634 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. Magnitogorsk Iron & Steel Works PJSC's current Return-on-Tangible-Asset of 15.45% is 659.2% 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 Magnitogorsk Iron & Steel Works PJSC and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Magnitogorsk Iron & Steel Works PJSC's current Return-on-Tangible-Asset is 15.45%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magnitogorsk Iron & Steel Works PJSC stock overvalued right now?
Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN) has a current Return-on-Tangible-Asset of 15.45%. The current Return-on-Tangible-Asset is 15.45% and 659.2% above the Steel industry median of 2.04. Magnitogorsk Iron & Steel Works PJSC's overall GF Score™ is 17/100. 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 Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN), the current Return-on-Tangible-Asset is 15.45% as of Dec. 2023. 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.
Magnitogorsk Iron & Steel Works PJSC Business Description
Magnitogorsk Iron & Steel Works PJSC is a steel producer in Russia. The company's output includes a broad range of steel products with a portion being high-value-added. In Russia, the company operates a large steel-producing complex encompassing the entire production chain from iron-ore processing to downstream production of rolled steel. The company sells the majority of its metal products in Russia. The company's financial results are divided into three segments: the Russian steel segment; the Turkish steel segment; and the coal segment. The steel segment accounts for the vast majority of the company's revenue.
17GF Score
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