Ming Shing Group HoldingsPMA +21.80%17 Return-on-Tangible-Asset is -68.01% as of Sep. 2025. GuruFocus rates PMA with a GF Score™ of 17/100. The stock has 5 warning signs investors should review. Among 1,779 Construction companies, Ming Shing Group Holdings ranks worse than 99.33% 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. Ming Shing Group Holdings's annualizedNet Income for the quarter that ended in Sep. 2025 was $-7.21 Mil. Ming Shing Group Holdings's average total tangible assets for the quarter that ended in Sep. 2025 was $10.60 Mil. Therefore, Ming Shing Group Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2025 was -68.01%.
The historical rank and industry rank for Ming Shing Group Holdings's Return-on-Tangible-Asset or its related term are showing as below:
PMA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -92.17 Med: 40.16 Max: 52.6
Current: -92.17
During the past 5 years, Ming Shing Group Holdings's highest Return-on-Tangible-Asset was 52.60%. The lowest was -92.17%. And the median was 40.16%.
PMA's Return-on-Tangible-Asset is ranked worse than 99.33% of 1779
companies
in the Construction industry
Industry Median: 3.03
vs PMA: -92.17
Ming Shing Group Holdings (NAS:PMA) 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.
Ming Shing Group Holdings Return-on-Tangible-Asset Related Terms
Ming Shing Group Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Ming Shing Group 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.
Ming Shing Group Holdings Return-on-Tangible-Asset Chart
PMA vs ONEG, ZDAI, SKK: Return-on-Tangible-Asset Comparison
For the Engineering & Construction subindustry, Ming Shing Group 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.
Ming Shing Group Holdings Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, Ming Shing Group Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Ming Shing Group 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 two times the semi-annual (Sep. 2025) net income data.
What does a Return-on-Tangible-Asset of -68.01% mean?
Ming Shing Group Holdings (PMA) has a Return-on-Tangible-Asset of -68.01% as of Sep. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Ming Shing Group Holdings and its competitors. According to the industry distribution chart, Ming Shing Group Holdings ranks #1767 out of 1779 companies in the Construction industry, placing it in the top 99.3%.
Is Ming Shing Group Holdings' Return-on-Tangible-Asset too high?
Ming Shing Group Holdings' current Return-on-Tangible-Asset is -68.01%. Based on the distribution chart, Ming Shing Group Holdings ranks #1767 out of 1779 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Ming Shing Group Holdings has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Ming Shing Group Holdings' Return-on-Tangible-Asset compare to ONEG and ZDAI?
According to the Construction industry distribution chart, Ming Shing Group Holdings ranks #1767 out of 1779 companies for Return-on-Tangible-Asset. This places Ming Shing Group Holdings in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.03. 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 Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.03, based on 1,779 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. 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 Ming Shing Group Holdings and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ming Shing Group Holdings's current Return-on-Tangible-Asset is -68.01%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ming Shing Group Holdings stock overvalued right now?
Ming Shing Group Holdings (PMA) has a current Return-on-Tangible-Asset of -68.01%. The current Return-on-Tangible-Asset is -68.01%. Ming Shing Group Holdings' overall GF Score™ is 17/100 with 5 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 Ming Shing Group Holdings (PMA), the current Return-on-Tangible-Asset is -68.01% as of Sep. 2025. 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.
Ming Shing Group Holdings Ltd is a holding company, which is principally operated through its indirectly wholly-owned Hong Kong Operating Subsidiaries, MS (HK) Engineering Limited and MS Engineering Co., Limited. It is engaged in wet trades works, such as plastering works, tile laying works, brick laying works, floor screeding works and marble works. the company is mainly engaged in private-sector projects in Hong Kong. Its private sector projects mainly involve private residential developments and commercial developments. The project owners of its private sector projects are generally property developers, and its customers are generally main contractors and wet trades work subcontractors engaged under such projects. It derives maximum revenue from Private sector.
17GF Score
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