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MIND TechnologyMIND -10.35%44 Return-on-Tangible-Asset is -14.71% as of Jul. 2026. GuruFocus rates MIND with a GF Score™ of 44/100 and a GF Value™ of $1.34 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,491 Hardware companies, MIND Technology ranks better than 51.3% 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. MIND Technology's annualizedNet Income for the quarter that ended in Jul. 2026 was $-6.94 Mil. MIND Technology's average total tangible assets for the quarter that ended in Jul. 2026 was $47.15 Mil. Therefore, MIND Technology's annualized Return-on-Tangible-Asset for the quarter that ended in Jul. 2026 was -14.71%.
The historical rank and industry rank for MIND Technology's Return-on-Tangible-Asset or its related term are showing as below:
MIND'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -50.4 Med: -28.09 Max: 15.61
Current: 3.12
During the past 13 years, MIND Technology's highest Return-on-Tangible-Asset was 15.61%. The lowest was -50.40%. And the median was -28.09%.
MIND's Return-on-Tangible-Asset is ranked better than 51.3% of 2491
companies
in the Hardware industry
Industry Median: 2.9
vs MIND: 3.12
MIND Technology (NAS:MIND) 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.
MIND Technology Return-on-Tangible-Asset Related Terms
MIND Technology Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for MIND Technology'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.
MIND vs AATC, ACFN, TRCK: Return-on-Tangible-Asset Comparison
For the Scientific & Technical Instruments subindustry, MIND Technology'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.
MIND Technology Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, MIND Technology's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where MIND Technology'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 (Jul. 2026) net income data.
What does a Return-on-Tangible-Asset of -14.71% mean?
MIND Technology (MIND) has a Return-on-Tangible-Asset of -14.71% as of Jul. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on MIND Technology and its competitors. According to the industry distribution chart, MIND Technology ranks #1213 out of 2491 companies in the Hardware industry, placing it in the top 48.7%.
Is MIND Technology's Return-on-Tangible-Asset too high?
MIND Technology's current Return-on-Tangible-Asset is -14.71%. Based on the distribution chart, MIND Technology ranks #1213 out of 2491 companies in the Hardware industry, which is above the industry midpoint. Overall, MIND Technology has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MIND Technology's Return-on-Tangible-Asset compare to AATC and ACFN?
According to the Hardware industry distribution chart, MIND Technology ranks #1213 out of 2491 companies for Return-on-Tangible-Asset. This puts MIND Technology in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.90. 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.90, based on 2,491 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. 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 MIND Technology and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MIND Technology's current Return-on-Tangible-Asset is -14.71%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MIND Technology stock overvalued right now?
Based on GuruFocus' analysis, MIND Technology (MIND) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.34, compared to a current price of $3.81 — trading 184.3% above its estimated fair value. The current Return-on-Tangible-Asset is -14.71%. MIND Technology's overall GF Score™ is 44/100 with 4 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 MIND Technology (MIND), the current Return-on-Tangible-Asset is -14.71% as of Jul. 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 MIND Technology (MIND) Overvalued in 2026?
Based on GuruFocus' analysis, MIND Technology stock appears to be overvalued.
The current stock price of $3.81 is trading 184.3% above its estimated GF Value™ of $1.34.
GuruFocus considers MIND Technology to be Significantly Overvalued.
Key valuation signals for MIND:
Return-on-Tangible-Asset: -14.71%
GF Value™: $1.34 vs. price of $3.81 (184.3% above fair value)
No single metric tells the full story. See the MIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MIND Technology Inc provides technology and solutions for exploration, survey, and defense applications in oceanographic, hydrographic, defense, seismic, and security industries. The company operates in single segment namely, Seamap which provides services and products, including engineering, repairs and software licensing, utilized in marine exploration, marine survey and maritime security for marine survey companies, seismic survey contractors, research institutes, non-military government organizations and operators of port facilities and other offshore installations. The company generates more revenue from Seamap Marine Products. The company's geographical segments include the United States; China, Norway; Turkey; Singapore; and Canada & Other.
44GF Score
Get the complete analysis for MIND
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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