Mullen GroupMLLGF -1.82%78 Return-on-Tangible-Asset is 4.37% as of Mar. 2026, which is 12% below its 10-year median of 4.95. GuruFocus rates MLLGF with a GF Score™ of 78/100 and a GF Value™ of $11.29 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 1,008 Transportation companies, Mullen Group ranks better than 60.32% 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. Mullen Group's annualizedNet Income for the quarter that ended in Mar. 2026 was $61 Mil. Mullen Group's average total tangible assets for the quarter that ended in Mar. 2026 was $1,405 Mil. Therefore, Mullen Group's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.37%.
The historical rank and industry rank for Mullen Group's Return-on-Tangible-Asset or its related term are showing as below:
MLLGF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3.27 Med: 4.95 Max: 10.59
Current: 4.9
During the past 13 years, Mullen Group's highest Return-on-Tangible-Asset was 10.59%. The lowest was -3.27%. And the median was 4.95%.
MLLGF's Return-on-Tangible-Asset is ranked better than 60.32% of 1008
companies
in the Transportation industry
Industry Median: 3.745
vs MLLGF: 4.90
Mullen Group (OTCPK:MLLGF) 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.
Mullen Group Return-on-Tangible-Asset Related Terms
Mullen Group Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Mullen Group'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.
MLLGF vs ODFL, XPO, KNX: Return-on-Tangible-Asset Comparison
For the Trucking subindustry, Mullen Group'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.
Mullen Group Return-on-Tangible-Asset vs Transportation Industry
For the Transportation industry and Industrials sector, Mullen Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Mullen Group'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 4.37% mean?
Mullen Group (MLLGF) has a Return-on-Tangible-Asset of 4.37% 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 Mullen Group and its competitors. This is 12% below median its historical median of 4.95. According to the industry distribution chart, Mullen Group ranks #400 out of 1008 companies in the Transportation industry, placing it in the top 39.7%.
Is Mullen Group's Return-on-Tangible-Asset too high?
Mullen Group's current Return-on-Tangible-Asset of 4.37% is 12% below median its 10-year median of 4.95. The Transportation industry median Return-on-Tangible-Asset is 3.75. Mullen Group's value of 4.37% is 16.7% above this industry median. Based on the distribution chart, Mullen Group ranks #400 out of 1008 companies in the Transportation industry, which is above the industry midpoint. Overall, Mullen Group has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mullen Group's Return-on-Tangible-Asset compare to ODFL and XPO?
According to the Transportation industry distribution chart, Mullen Group ranks #400 out of 1008 companies for Return-on-Tangible-Asset. This puts Mullen Group in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.75. Mullen Group's value of 4.37% is 16.7% above this benchmark. While the company's 10-year median is 4.95 vs. the industry median of 3.75, Mullen Group 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 Transportation company?
The median Return-on-Tangible-Asset among Transportation companies is 3.75, based on 1,008 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. Mullen Group's current Return-on-Tangible-Asset of 4.37% is 16.7% 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 Mullen Group and its competitors. For the Transportation industry, the median Return-on-Tangible-Asset is 3.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mullen Group's current Return-on-Tangible-Asset is 4.37%, which is 12% below median its own 10-year median of 4.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mullen Group stock overvalued right now?
Based on GuruFocus' analysis, Mullen Group (MLLGF) is currently considered Significantly Overvalued. The stock's GF Value™ is $11.29, compared to a current price of $14.75 — trading 30.6% above its estimated fair value. The current Return-on-Tangible-Asset is 4.37%, which is 12% below median its 10-year median of 4.95 and 16.7% above the Transportation industry median of 3.75. Mullen Group's overall GF Score™ is 78/100 with 10 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 Mullen Group (MLLGF), the current Return-on-Tangible-Asset is 4.37% 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 Mullen Group (MLLGF) Overvalued in 2026?
Based on GuruFocus' analysis, Mullen Group stock appears to be overvalued.
The current stock price of $14.75 is trading 30.6% above its estimated GF Value™ of $11.29.
GuruFocus considers Mullen Group to be Significantly Overvalued.
Key valuation signals for MLLGF:
Return-on-Tangible-Asset: 4.37% (12% below median its 10-year median of 4.95)
GF Value™: $11.29 vs. price of $14.75 (30.6% above fair value)
Industry Position: 16.7% above the Transportation median (#400 of 1008)
No single metric tells the full story. See the MLLGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mullen Group Ltd is a logistics provider with a network of independently operated businesses providing a wide range of service offerings, including less-than-truckload, truckload, Specialized & Industrial Services, warehousing and logistics, U.S. and International Logistics, and Corporate. The segments of the company are Less-Than-Truckload, Logistics and Warehousing, Specialized and Industrial Services, U.S. and International Logistics, and Corporate segment. The company derives the majority of its revenue from the Less-Than-Truckload segment and geographical revenue from Canada. The company also provides a diverse set of specialized services related to the energy, mining, forestry, and construction industries in western Canada.
78GF Score
Get the complete analysis for MLLGF
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
MLLGF has been successfully added to your 
