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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. Meridian Holdings's annualizedNet Income for the quarter that ended in Jun. 2026 was $8.7 Mil. Meridian Holdings's average total tangible assets for the quarter that ended in Jun. 2026 was $78.7 Mil. Therefore, Meridian Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 11.01%.
The historical rank and industry rank for Meridian Holdings's Return-on-Tangible-Asset or its related term are showing as below:
MRDN'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -12507.5 Med: -4.12 Max: 3602
Current: -101.38
During the past 13 years, Meridian Holdings's highest Return-on-Tangible-Asset was 3602.00%. The lowest was -12507.50%. And the median was -4.12%.
MRDN's Return-on-Tangible-Asset is ranked worse than 98.25% of 857
companies
in the Travel & Leisure industry
Industry Median: 2.86
vs MRDN: -101.38
Meridian Holdings (NAS:MRDN) 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.
Meridian Holdings Return-on-Tangible-Asset Related Terms
Meridian Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Meridian Holdings'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.
MRDN vs INSE, ROLR, GRSD: Return-on-Tangible-Asset Comparison
For the Gambling subindustry, Meridian Holdings'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.
Meridian Holdings Return-on-Tangible-Asset vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Meridian Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Meridian Holdings'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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 11.01% mean?
Meridian Holdings (MRDN) has a Return-on-Tangible-Asset of 11.01% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Meridian Holdings and its competitors. According to the industry distribution chart, Meridian Holdings ranks #842 out of 857 companies in the Travel & Leisure industry, placing it in the top 98.2%.
Is Meridian Holdings' Return-on-Tangible-Asset too high?
Meridian Holdings' current Return-on-Tangible-Asset is 11.01%. The Travel & Leisure industry median Return-on-Tangible-Asset is 2.86. Meridian Holdings' value of 11.01% is 285% above this industry median. Based on the distribution chart, Meridian Holdings ranks #842 out of 857 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Meridian Holdings has a GF Score™ of 74/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Meridian Holdings' Return-on-Tangible-Asset compare to INSE and ROLR?
According to the Travel & Leisure industry distribution chart, Meridian Holdings ranks #842 out of 857 companies for Return-on-Tangible-Asset. This places Meridian Holdings in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.86. Meridian Holdings' value of 11.01% is 285% 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 Travel & Leisure company?
The median Return-on-Tangible-Asset among Travel & Leisure companies is 2.86, based on 857 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. Meridian Holdings's current Return-on-Tangible-Asset of 11.01% is 285% 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 Meridian Holdings and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Asset is 2.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meridian Holdings's current Return-on-Tangible-Asset is 11.01%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meridian Holdings stock overvalued right now?
Based on GuruFocus' analysis, Meridian Holdings (MRDN) is currently considered Possible Value Trap. The stock's GF Value™ is $25.12, compared to a current price of $14.30 — trading 43.1% below its estimated fair value. The current Return-on-Tangible-Asset is 11.01% and 285% above the Travel & Leisure industry median of 2.86. Meridian Holdings' overall GF Score™ is 74/100 with 8 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 Meridian Holdings (MRDN), the current Return-on-Tangible-Asset is 11.01% as of Jun. 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 Meridian Holdings (MRDN) Overvalued in 2026?
Based on GuruFocus' analysis, Meridian Holdings stock appears to be undervalued.
The current stock price of $14.30 is trading 43.1% below its estimated GF Value™ of $25.12.
GuruFocus considers Meridian Holdings to be Possible Value Trap.
Key valuation signals for MRDN:
Return-on-Tangible-Asset: 11.01%
GF Value™: $25.12 vs. price of $14.30 (43.1% below fair value)
Industry Position: 285% above the Travel & Leisure median (#842 of 857)
No single metric tells the full story. See the MRDN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Meridian Holdings Inc is engaged in the online gaming and betting business, providing sports betting, online casino, and gaming operations across multiple jurisdictions in Europe, Africa, and Central and South America. The company has three reportable segments: MeridianBet Group, GMAG, and RKings & CFAC. The MeridianBet Group segment includes retail and online sports betting, casinos, and related gaming operations. The GMAG segment focuses on the resale of third-party gaming content, mainly serving customers in the Asia-Pacific region. The RKings & CFAC segment is involved in pay-to-enter prize competitions and trade promotions conducted in the United Kingdom and Australia. It generates the majority of its revenue from the MeridianBet Group segment.
74GF Score
Get the complete analysis for MRDN
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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