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My Food Bag GroupNZSE:MFB -1.75%50 Return-on-Tangible-Asset is 39.03% as of Mar. 2026, which is 9% above its 10-year median of 35.73. GuruFocus rates NZSE:MFB with a GF Score™ of 50/100 and a GF Value™ of NZ$0.21 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,136 Retail - Cyclical companies, My Food Bag Group ranks better than 98.68% 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. My Food Bag Group's annualizedNet Income for the quarter that ended in Mar. 2026 was NZ$7.7 Mil. My Food Bag Group's average total tangible assets for the quarter that ended in Mar. 2026 was NZ$19.6 Mil. Therefore, My Food Bag Group's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 39.03%.
The historical rank and industry rank for My Food Bag Group's Return-on-Tangible-Asset or its related term are showing as below:
NZSE:MFB'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 14.96 Med: 35.73 Max: 107.85
Current: 35.65
During the past 6 years, My Food Bag Group's highest Return-on-Tangible-Asset was 107.85%. The lowest was 14.96%. And the median was 35.73%.
NZSE:MFB's Return-on-Tangible-Asset is ranked better than 98.68% of 1136
companies
in the Retail - Cyclical industry
Industry Median: 2.935
vs NZSE:MFB: 35.65
My Food Bag Group (NZSE:MFB) 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.
My Food Bag Group Return-on-Tangible-Asset Related Terms
My Food Bag Group Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for My Food Bag 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.
NZSE:MFB vs AMZN, BABA, PDD: Return-on-Tangible-Asset Comparison
For the Internet Retail subindustry, My Food Bag 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.
My Food Bag Group Return-on-Tangible-Asset vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, My Food Bag Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where My Food Bag 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 two times the semi-annual (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 39.03% mean?
My Food Bag Group (NZSE:MFB) has a Return-on-Tangible-Asset of 39.03% 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 My Food Bag Group and its competitors. This is near median its historical median of 35.73. Over the past decade, My Food Bag Group's Return-on-Tangible-Asset has ranged from 14.96 to 107.85. According to the industry distribution chart, My Food Bag Group ranks #15 out of 1136 companies in the Retail - Cyclical industry, placing it in the top 1.3%.
Is My Food Bag Group's Return-on-Tangible-Asset too high?
My Food Bag Group's current Return-on-Tangible-Asset of 39.03% is near median its 10-year median of 35.73. Over the past 10 years, this metric has ranged from a low of 14.96 to a high of 107.85. The Retail - Cyclical industry median Return-on-Tangible-Asset is 2.94. My Food Bag Group's value of 39.03% is 1229.8% above this industry median. Based on the distribution chart, My Food Bag Group ranks #15 out of 1136 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, My Food Bag Group has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does My Food Bag Group's Return-on-Tangible-Asset compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, My Food Bag Group ranks #15 out of 1136 companies for Return-on-Tangible-Asset. This places My Food Bag Group in the top 1% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.94. My Food Bag Group's value of 39.03% is 1229.8% above this benchmark. Historically, My Food Bag Group's own Return-on-Tangible-Asset has ranged from 14.96 to 107.85 over the past decade. While the company's 10-year median is 35.73 vs. the industry median of 2.94, My Food Bag 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 Retail - Cyclical company?
The median Return-on-Tangible-Asset among Retail - Cyclical companies is 2.94, based on 1,136 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. My Food Bag Group's current Return-on-Tangible-Asset of 39.03% is 1229.8% 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 My Food Bag Group and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Asset is 2.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. My Food Bag Group's current Return-on-Tangible-Asset is 39.03%, which is near median its own 10-year median of 35.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is My Food Bag Group stock overvalued right now?
Based on GuruFocus' analysis, My Food Bag Group (NZSE:MFB) is currently considered Significantly Overvalued. The stock's GF Value™ is NZ$0.21, compared to a current price of NZ$0.28 — trading 33.3% above its estimated fair value. The current Return-on-Tangible-Asset is 39.03%, which is near median its 10-year median of 35.73 and 1229.8% above the Retail - Cyclical industry median of 2.94. My Food Bag Group's overall GF Score™ is 50/100 with 9 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 My Food Bag Group (NZSE:MFB), the current Return-on-Tangible-Asset is 39.03% 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 My Food Bag Group (NZSE:MFB) Overvalued in 2026?
Based on GuruFocus' analysis, My Food Bag Group stock appears to be overvalued.
The current stock price of NZ$0.28 is trading 33.3% above its estimated GF Value™ of NZ$0.21.
GuruFocus considers My Food Bag Group to be Significantly Overvalued.
Key valuation signals for NZSE:MFB:
Return-on-Tangible-Asset: 39.03% (near median its 10-year median of 35.73)
GF Value™: NZ$0.21 vs. price of NZ$0.28 (33.3% above fair value)
Industry Position: 1229.8% above the Retail - Cyclical median (#15 of 1136)
No single metric tells the full story. See the NZSE:MFB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
My Food Bag Group Ltd operates in the online food delivery market in New Zealand. It delivers bags full of fresh and locally sourced ingredients along with easy-to-follow recipes direct to families across New Zealand. The company drives revenue principally by the volume of bags delivered to customers and the average order value of bags delivered. The company operates in one geographic area, New Zealand.
50GF Score
Get the complete analysis for NZSE:MFB
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