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Mulkia Gulf Real Estate REIT (SAU:4336) 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.
Mulkia Gulf Real Estate REIT Return-on-Tangible-Asset Related Terms
Mulkia Gulf Real Estate REIT 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.
Mulkia Gulf Real Estate REIT Return-on-Tangible-Asset Chart
SAU:4336 vs VICI, WPC: Return-on-Tangible-Asset Comparison
For the REIT - Diversified subindustry, Mulkia Gulf Real Estate REIT'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.
Mulkia Gulf Real Estate REIT Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Mulkia Gulf Real Estate REIT's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Mulkia Gulf Real Estate REIT'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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of -2.52% mean?
Mulkia Gulf Real Estate REIT (SAU:4336) has a Return-on-Tangible-Asset of -2.52% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Mulkia Gulf Real Estate REIT and its competitors. According to the industry distribution chart, Mulkia Gulf Real Estate REIT ranks #809 out of 925 companies in the REITs industry, placing it in the top 87.5%.
Is Mulkia Gulf Real Estate REIT's Return-on-Tangible-Asset too high?
Mulkia Gulf Real Estate REIT's current Return-on-Tangible-Asset is -2.52%. Based on the distribution chart, Mulkia Gulf Real Estate REIT ranks #809 out of 925 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Mulkia Gulf Real Estate REIT has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mulkia Gulf Real Estate REIT's Return-on-Tangible-Asset compare to VICI and WPC?
According to the REITs industry distribution chart, Mulkia Gulf Real Estate REIT ranks #809 out of 925 companies for Return-on-Tangible-Asset. This places Mulkia Gulf Real Estate REIT in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.31. 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 REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.31, based on 925 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 Mulkia Gulf Real Estate REIT and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mulkia Gulf Real Estate REIT's current Return-on-Tangible-Asset is -2.52%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mulkia Gulf Real Estate REIT stock overvalued right now?
Based on GuruFocus' analysis, Mulkia Gulf Real Estate REIT (SAU:4336) is currently considered Modestly Undervalued. The stock's GF Value™ is ﷼5.48, compared to a current price of ﷼4.50 — trading 17.9% below its estimated fair value. The current Return-on-Tangible-Asset is -2.52%. Mulkia Gulf Real Estate REIT's overall GF Score™ is 69/100 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 Mulkia Gulf Real Estate REIT (SAU:4336), the current Return-on-Tangible-Asset is -2.52% as of Dec. 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.
Is Mulkia Gulf Real Estate REIT (SAU:4336) Overvalued in 2026?
Based on GuruFocus' analysis, Mulkia Gulf Real Estate REIT stock appears to be undervalued.
The current stock price of ﷼4.50 is trading 17.9% below its estimated GF Value™ of ﷼5.48.
GuruFocus considers Mulkia Gulf Real Estate REIT to be Modestly Undervalued.
Key valuation signals for SAU:4336:
Return-on-Tangible-Asset: -2.52%
GF Value™: ﷼5.48 vs. price of ﷼4.50 (17.9% below fair value)
No single metric tells the full story. See the SAU:4336 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressPrince Abdul Aziz Bin Musaid Bin Jalawi, The Elite Building No. 8565, 1st floor, secondary Number: 2874, Al Sulaimaniayah District, Al-Olaya Area, Riyadh, SAU, 12234
Mulkia Gulf Real Estate REIT is a closed-end real estate investment fund company. The objective of the Fund is to acquire pre-developed real estate properties to obtain regular rental income. The company is engaged in acquiring several income-generating real estate properties. It generates the majority of its revenue from Rental contract income. It also generates a small portion of revenue from hotel operations.
69GF Score
Get the complete analysis for SAU:4336
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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