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Mueller Water ProductsMWA +2.18%94 Return-on-Tangible-Asset is 16.11% as of Mar. 2026, which is 93% above its 10-year median of 8.33. GuruFocus rates MWA with a GF Score™ of 94/100 and a GF Value™ of $25.07 (Fairly Valued). Among 3,077 Industrial Products companies, Mueller Water Products ranks better than 93.6% 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. Mueller Water Products's annualizedNet Income for the quarter that ended in Mar. 2026 was $236 Mil. Mueller Water Products's average total tangible assets for the quarter that ended in Mar. 2026 was $1,467 Mil. Therefore, Mueller Water Products's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 16.11%.
The historical rank and industry rank for Mueller Water Products's Return-on-Tangible-Asset or its related term are showing as below:
MWA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.42 Med: 8.33 Max: 14.83
Current: 14.83
During the past 13 years, Mueller Water Products's highest Return-on-Tangible-Asset was 14.83%. The lowest was 7.42%. And the median was 8.33%.
MWA's Return-on-Tangible-Asset is ranked better than 93.6% of 3077
companies
in the Industrial Products industry
Industry Median: 3.26
vs MWA: 14.83
Mueller Water Products (NYSE:MWA) 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.
Mueller Water Products Return-on-Tangible-Asset Related Terms
Mueller Water Products Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Mueller Water Products'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.
Mueller Water Products Return-on-Tangible-Asset Chart
MWA vs MIR, KAI, SXI: Return-on-Tangible-Asset Comparison
For the Specialty Industrial Machinery subindustry, Mueller Water Products'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.
Mueller Water Products Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Mueller Water Products's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Mueller Water Products'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 16.11% mean?
Mueller Water Products (MWA) has a Return-on-Tangible-Asset of 16.11% 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 Mueller Water Products and its competitors. This is 93% above median its historical median of 8.33. Over the past decade, Mueller Water Products' Return-on-Tangible-Asset has ranged from 7.42 to 14.83. According to the industry distribution chart, Mueller Water Products ranks #197 out of 3077 companies in the Industrial Products industry, placing it in the top 6.4%.
Is Mueller Water Products' Return-on-Tangible-Asset too high?
Mueller Water Products' current Return-on-Tangible-Asset of 16.11% is 93% above median its 10-year median of 8.33. Over the past 10 years, this metric has ranged from a low of 7.42 to a high of 14.83. The Industrial Products industry median Return-on-Tangible-Asset is 3.26. Mueller Water Products' value of 16.11% is 394.2% above this industry median. Based on the distribution chart, Mueller Water Products ranks #197 out of 3077 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Mueller Water Products has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mueller Water Products' Return-on-Tangible-Asset compare to MIR and KAI?
According to the Industrial Products industry distribution chart, Mueller Water Products ranks #197 out of 3077 companies for Return-on-Tangible-Asset. This places Mueller Water Products in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.26. Mueller Water Products' value of 16.11% is 394.2% above this benchmark. Historically, Mueller Water Products' own Return-on-Tangible-Asset has ranged from 7.42 to 14.83 over the past decade. While the company's 10-year median is 8.33 vs. the industry median of 3.26, Mueller Water Products 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 an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.26, based on 3,077 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. Mueller Water Products's current Return-on-Tangible-Asset of 16.11% is 394.2% 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 Mueller Water Products and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mueller Water Products's current Return-on-Tangible-Asset is 16.11%, which is 93% above median its own 10-year median of 8.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mueller Water Products stock overvalued right now?
Based on GuruFocus' analysis, Mueller Water Products (MWA) is currently considered Fairly Valued. The stock's GF Value™ is $25.07, compared to a current price of $25.79 — trading 2.9% above its estimated fair value. The current Return-on-Tangible-Asset is 16.11%, which is 93% above median its 10-year median of 8.33 and 394.2% above the Industrial Products industry median of 3.26. Mueller Water Products' overall GF Score™ is 94/100. 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 Mueller Water Products (MWA), the current Return-on-Tangible-Asset is 16.11% 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 Mueller Water Products (MWA) Overvalued in 2026?
Based on GuruFocus' analysis, Mueller Water Products stock appears to be overvalued.
The current stock price of $25.79 is trading 2.9% above its estimated GF Value™ of $25.07.
GuruFocus considers Mueller Water Products to be Fairly Valued.
Key valuation signals for MWA:
Return-on-Tangible-Asset: 16.11% (93% above median its 10-year median of 8.33)
GF Value™: $25.07 vs. price of $25.79 (2.9% above fair value)
Industry Position: 394.2% above the Industrial Products median (#197 of 3077)
No single metric tells the full story. See the MWA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mueller Water Products Inc is a U.S.-based company that manufactures and sells products and services used in the transmission, distribution, and measurement of water. The company operates in two segments: Water Flow Solutions and Water Management Solutions. The Water Flow Solutions segment, which derives maximum revenue for the company, includes products like iron gate valves, specialty valves, and service brass products. Water Management Solutions' portfolio includes fire hydrants, repair and installation, natural gas, metering, leak detection, and pressure management and control products and solutions. Geographically, the company derives a majority of its revenue from the United States and the rest from Canada and other international locations.
94GF Score
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