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MFA FinancialSTU:M4ZA -0.33%54 Return-on-Tangible-Asset is 1.40% as of Jun. 2026, which is 29% below its 10-year median of 1.96. GuruFocus rates STU:M4ZA with a GF Score™ of 54/100 and a GF Value™ of €9.29 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 921 REITs companies, MFA Financial ranks worse than 70.03% 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. MFA Financial's annualizedNet Income for the quarter that ended in Jun. 2026 was €162.5 Mil. MFA Financial's average total tangible assets for the quarter that ended in Jun. 2026 was €11,592.7 Mil. Therefore, MFA Financial's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 1.40%.
The historical rank and industry rank for MFA Financial's Return-on-Tangible-Asset or its related term are showing as below:
STU:M4ZA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.63 Med: 1.96 Max: 4.11
Current: 1.17
During the past 13 years, MFA Financial's highest Return-on-Tangible-Asset was 4.11%. The lowest was -6.63%. And the median was 1.96%.
STU:M4ZA's Return-on-Tangible-Asset is ranked worse than 70.03% of 921
companies
in the REITs industry
Industry Median: 3.31
vs STU:M4ZA: 1.17
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.
MFA Financial Return-on-Tangible-Asset Related Terms
MFA Financial Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for MFA Financial'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.
STU:M4ZA vs ABR, ARI, PMT: Return-on-Tangible-Asset Comparison
For the REIT - Mortgage subindustry, MFA Financial'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.
MFA Financial Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, MFA Financial's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where MFA Financial'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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 1.40% mean?
MFA Financial (STU:M4ZA) has a Return-on-Tangible-Asset of 1.40% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on MFA Financial and its competitors. This is 29% below median its historical median of 1.96. According to the industry distribution chart, MFA Financial ranks #645 out of 921 companies in the REITs industry, placing it in the top 70%.
Is MFA Financial's Return-on-Tangible-Asset too high?
MFA Financial's current Return-on-Tangible-Asset of 1.40% is 29% below median its 10-year median of 1.96. The REITs industry median Return-on-Tangible-Asset is 3.31. MFA Financial's value of 1.40% is 57.7% below this industry median. Based on the distribution chart, MFA Financial ranks #645 out of 921 companies in the REITs industry, which is below the industry midpoint. Overall, MFA Financial has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MFA Financial's Return-on-Tangible-Asset compare to ABR and ARI?
According to the REITs industry distribution chart, MFA Financial ranks #645 out of 921 companies for Return-on-Tangible-Asset. This places MFA Financial in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.31. MFA Financial's value of 1.40% is 57.7% below this benchmark. While the company's 10-year median is 1.96 vs. the industry median of 3.31, MFA Financial 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 a REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.31, based on 921 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. MFA Financial's current Return-on-Tangible-Asset of 1.40% is 57.7% 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 MFA Financial 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. MFA Financial's current Return-on-Tangible-Asset is 1.40%, which is 29% below median its own 10-year median of 1.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MFA Financial stock overvalued right now?
Based on GuruFocus' analysis, MFA Financial (STU:M4ZA) is currently considered Modestly Undervalued. The stock's GF Value™ is €9.29, compared to a current price of €7.54 — trading 18.8% below its estimated fair value. The current Return-on-Tangible-Asset is 1.40%, which is 29% below median its 10-year median of 1.96 and 57.7% below the REITs industry median of 3.31. MFA Financial's overall GF Score™ is 54/100 with 3 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 MFA Financial (STU:M4ZA), the current Return-on-Tangible-Asset is 1.40% as of Jun. 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 MFA Financial (STU:M4ZA) Overvalued in 2026?
Based on GuruFocus' analysis, MFA Financial stock appears to be undervalued.
The current stock price of €7.54 is trading 18.8% below its estimated GF Value™ of €9.29.
GuruFocus considers MFA Financial to be Modestly Undervalued.
Key valuation signals for STU:M4ZA:
Return-on-Tangible-Asset: 1.40% (29% below median its 10-year median of 1.96)
GF Value™: €9.29 vs. price of €7.54 (18.8% below fair value)
Industry Position: 57.7% below the REITs median (#645 of 921)
No single metric tells the full story. See the STU:M4ZA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MFA Financial Inc is a specialty finance company that invests in and finances residential mortgage assets. Its principal business objective is to deliver shareholder value through the generation of distributable income and through asset performance linked to residential mortgage credit fundamentals. The company selectively invests in residential mortgage assets with a focus on credit analysis, projected prepayment rates, interest rate sensitivity and expected return. The company's reportable segments include mortgage-related assets; and Lima One.
54GF Score
Get the complete analysis for STU:M4ZA
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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