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Muscat City Desalination CoOGMUS:MCDE +2.27% Return-on-Tangible-Asset is 3.17% as of Mar. 2026, which is 25% above its 10-year median of 2.53. The stock has 3 warning signs investors should review. Among 508 Utilities - Regulated companies, Muscat City Desalination CoOG ranks worse than 54.53% on this metric.
The historical rank and industry rank for Muscat City Desalination CoOG's Return-on-Tangible-Asset or its related term are showing as below:
MUS:MCDE'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.3 Med: 2.53 Max: 3.05
Current: 3.05
During the past 9 years, Muscat City Desalination CoOG's highest Return-on-Tangible-Asset was 3.05%. The lowest was -0.30%. And the median was 2.53%.
MUS:MCDE's Return-on-Tangible-Asset is ranked worse than 54.53% of 508
companies
in the Utilities - Regulated industry
Industry Median: 3.38
vs MUS:MCDE: 3.05
Muscat City Desalination CoOG (MUS:MCDE) 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.
Muscat City Desalination CoOG Return-on-Tangible-Asset Related Terms
Muscat City Desalination CoOG 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.
Muscat City Desalination CoOG Return-on-Tangible-Asset Chart
MUS:MCDE vs AWK, WTRG, AWR: Return-on-Tangible-Asset Comparison
For the Utilities - Regulated Water subindustry, Muscat City Desalination CoOG'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.
Muscat City Desalination CoOG Return-on-Tangible-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Muscat City Desalination CoOG's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Muscat City Desalination CoOG'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 3.17% mean?
Muscat City Desalination CoOG (MUS:MCDE) has a Return-on-Tangible-Asset of 3.17% 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 Muscat City Desalination CoOG and its competitors. This is 25% above median its historical median of 2.53. According to the industry distribution chart, Muscat City Desalination CoOG ranks #277 out of 508 companies in the Utilities - Regulated industry, placing it in the top 54.5%.
Is Muscat City Desalination CoOG's Return-on-Tangible-Asset too high?
Muscat City Desalination CoOG's current Return-on-Tangible-Asset of 3.17% is 25% above median its 10-year median of 2.53. The Utilities - Regulated industry median Return-on-Tangible-Asset is 3.38. Muscat City Desalination CoOG's value of 3.17% is 6.2% below this industry median. Based on the distribution chart, Muscat City Desalination CoOG ranks #277 out of 508 companies in the Utilities - Regulated industry, which is below the industry midpoint.
How does Muscat City Desalination CoOG's Return-on-Tangible-Asset compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, Muscat City Desalination CoOG ranks #277 out of 508 companies for Return-on-Tangible-Asset. This places Muscat City Desalination CoOG in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.38. Muscat City Desalination CoOG's value of 3.17% is 6.2% below this benchmark. While the company's 10-year median is 2.53 vs. the industry median of 3.38, Muscat City Desalination CoOG 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 - Regulated company?
The median Return-on-Tangible-Asset among Utilities - Regulated companies is 3.38, based on 508 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. Muscat City Desalination CoOG's current Return-on-Tangible-Asset of 3.17% is 6.2% 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 Muscat City Desalination CoOG and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Asset is 3.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Muscat City Desalination CoOG's current Return-on-Tangible-Asset is 3.17%, which is 25% above median its own 10-year median of 2.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Muscat City Desalination CoOG stock overvalued right now?
Based on GuruFocus' analysis, Muscat City Desalination CoOG (MUS:MCDE) is currently considered Modestly Overvalued. The stock's GF Value™ is ر.ع0.07, compared to a current price of ر.ع0.09 — trading 28.6% above its estimated fair value. The current Return-on-Tangible-Asset is 3.17%, which is 25% above median its 10-year median of 2.53 and 6.2% below the Utilities - Regulated industry median of 3.38. 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 Muscat City Desalination CoOG (MUS:MCDE), the current Return-on-Tangible-Asset is 3.17% 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.
Muscat City Desalination Co SAOG is engaged in owning, developing, and operating water projects and selling desalinated water. The company focuses on providing clean drinking water by operating Al Ghubrah independent water project. Water sales take place in the Sultanate of Oman. The Company's revenue stream comprises water capacity investment charge, water capacity operation and maintenance charge, water output operation and maintenance charge, and electricity charges.
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