Melco Resorts and EntertainmentSTU:MAS -0.85%67 Return-on-Tangible-Asset is 4.64% as of Mar. 2026, which is 249% above its 10-year median of 1.33. GuruFocus rates STU:MAS with a GF Score™ of 67/100 and a GF Value™ of €7.05 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 859 Travel & Leisure companies, Melco Resorts and Entertainment ranks better than 54.71% on this metric.
The historical rank and industry rank for Melco Resorts and Entertainment's Return-on-Tangible-Asset or its related term are showing as below:
STU:MAS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -15.27 Med: 1.33 Max: 4.51
Current: 3.32
During the past 13 years, Melco Resorts and Entertainment's highest Return-on-Tangible-Asset was 4.51%. The lowest was -15.27%. And the median was 1.33%.
STU:MAS's Return-on-Tangible-Asset is ranked better than 54.71% of 859
companies
in the Travel & Leisure industry
Industry Median: 2.7
vs STU:MAS: 3.32
Melco Resorts and Entertainment (STU:MAS) 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.
Melco Resorts and Entertainment Return-on-Tangible-Asset Related Terms
Melco Resorts and Entertainment 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.
Melco Resorts and Entertainment Return-on-Tangible-Asset Chart
STU:MAS vs LVS, MGM, WYNN: Return-on-Tangible-Asset Comparison
For the Resorts & Casinos subindustry, Melco Resorts and Entertainment'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.
Melco Resorts and Entertainment Return-on-Tangible-Asset vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Melco Resorts and Entertainment's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Melco Resorts and Entertainment'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 4.64% mean?
Melco Resorts and Entertainment (STU:MAS) has a Return-on-Tangible-Asset of 4.64% 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 Melco Resorts and Entertainment and its competitors. This is 249% above median its historical median of 1.33. According to the industry distribution chart, Melco Resorts and Entertainment ranks #389 out of 859 companies in the Travel & Leisure industry, placing it in the top 45.3%.
Is Melco Resorts and Entertainment's Return-on-Tangible-Asset too high?
Melco Resorts and Entertainment's current Return-on-Tangible-Asset of 4.64% is 249% above median its 10-year median of 1.33. The Travel & Leisure industry median Return-on-Tangible-Asset is 2.70. Melco Resorts and Entertainment's value of 4.64% is 71.9% above this industry median. Based on the distribution chart, Melco Resorts and Entertainment ranks #389 out of 859 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Melco Resorts and Entertainment has a GF Score™ of 67/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Melco Resorts and Entertainment's Return-on-Tangible-Asset compare to LVS and MGM?
According to the Travel & Leisure industry distribution chart, Melco Resorts and Entertainment ranks #389 out of 859 companies for Return-on-Tangible-Asset. This puts Melco Resorts and Entertainment in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.70. Melco Resorts and Entertainment's value of 4.64% is 71.9% above this benchmark. While the company's 10-year median is 1.33 vs. the industry median of 2.70, Melco Resorts and Entertainment 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 Travel & Leisure company?
The median Return-on-Tangible-Asset among Travel & Leisure companies is 2.70, based on 859 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. Melco Resorts and Entertainment's current Return-on-Tangible-Asset of 4.64% is 71.9% 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 Melco Resorts and Entertainment and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Asset is 2.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Melco Resorts and Entertainment's current Return-on-Tangible-Asset is 4.64%, which is 249% above median its own 10-year median of 1.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Melco Resorts and Entertainment stock overvalued right now?
Based on GuruFocus' analysis, Melco Resorts and Entertainment (STU:MAS) is currently considered Possible Value Trap. The stock's GF Value™ is €7.05, compared to a current price of €4.66 — trading 33.9% below its estimated fair value. The current Return-on-Tangible-Asset is 4.64%, which is 249% above median its 10-year median of 1.33 and 71.9% above the Travel & Leisure industry median of 2.70. Melco Resorts and Entertainment's overall GF Score™ is 67/100 with 4 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 Melco Resorts and Entertainment (STU:MAS), the current Return-on-Tangible-Asset is 4.64% 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 Melco Resorts and Entertainment (STU:MAS) Overvalued in 2026?
Based on GuruFocus' analysis, Melco Resorts and Entertainment stock appears to be undervalued.
The current stock price of €4.66 is trading 33.9% below its estimated GF Value™ of €7.05.
GuruFocus considers Melco Resorts and Entertainment to be Possible Value Trap.
Key valuation signals for STU:MAS:
Return-on-Tangible-Asset: 4.64% (249% above median its 10-year median of 1.33)
GF Value™: €7.05 vs. price of €4.66 (33.9% below fair value)
Industry Position: 71.9% above the Travel & Leisure median (#389 of 859)
No single metric tells the full story. See the STU:MAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Melco Resorts and Entertainment Business Description
Melco Resorts & Entertainment is one of only six licensed casino operators in Macao. It operates Altira, a complex focused on premium customers; City of Dreams, an integrated resort in Cotai serving both mass-market and premium patrons; and Mocha Clubs' electronic gaming machines. The company also has a majority interest in Studio City, which opened in 2015. Outside Macao, Melco owns City of Dreams Manila in the Philippines and City of Dreams Mediterranean in Cyprus. The business mix in terms of adjusted EBITDA was about 84% from Macao, with the rest from overseas as of 2025.
67GF Score
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