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Mycronic ABSTU:MLT0 -6.16%91 Return-on-Tangible-Asset is 25.07% as of Jun. 2026, which is 10% above its 10-year median of 22.70. GuruFocus rates STU:MLT0 with a GF Score™ of 91/100 and a GF Value™ of €22.13 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 3,078 Industrial Products companies, Mycronic AB ranks better than 98.34% 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. Mycronic AB's annualizedNet Income for the quarter that ended in Jun. 2026 was €192.3 Mil. Mycronic AB's average total tangible assets for the quarter that ended in Jun. 2026 was €767.0 Mil. Therefore, Mycronic AB's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 25.07%.
The historical rank and industry rank for Mycronic AB's Return-on-Tangible-Asset or its related term are showing as below:
STU:MLT0'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 16.83 Med: 22.7 Max: 32.17
Current: 23
During the past 13 years, Mycronic AB's highest Return-on-Tangible-Asset was 32.17%. The lowest was 16.83%. And the median was 22.70%.
STU:MLT0's Return-on-Tangible-Asset is ranked better than 98.34% of 3078
companies
in the Industrial Products industry
Industry Median: 3.26
vs STU:MLT0: 23.00
Mycronic AB (STU:MLT0) 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.
Mycronic AB Return-on-Tangible-Asset Related Terms
Mycronic AB Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Mycronic AB'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:MLT0 vs GEV, ETN, PH: Return-on-Tangible-Asset Comparison
For the Specialty Industrial Machinery subindustry, Mycronic AB'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.
Mycronic AB Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Mycronic AB's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Mycronic AB'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 25.07% mean?
Mycronic AB (STU:MLT0) has a Return-on-Tangible-Asset of 25.07% 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 Mycronic AB and its competitors. This is 10% above median its historical median of 22.70. Over the past decade, Mycronic AB's Return-on-Tangible-Asset has ranged from 16.83 to 32.17. According to the industry distribution chart, Mycronic AB ranks #51 out of 3078 companies in the Industrial Products industry, placing it in the top 1.7%.
Is Mycronic AB's Return-on-Tangible-Asset too high?
Mycronic AB's current Return-on-Tangible-Asset of 25.07% is 10% above median its 10-year median of 22.70. Over the past 10 years, this metric has ranged from a low of 16.83 to a high of 32.17. The Industrial Products industry median Return-on-Tangible-Asset is 3.26. Mycronic AB's value of 25.07% is 669% above this industry median. Based on the distribution chart, Mycronic AB ranks #51 out of 3078 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Mycronic AB has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mycronic AB's Return-on-Tangible-Asset compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Mycronic AB ranks #51 out of 3078 companies for Return-on-Tangible-Asset. This places Mycronic AB in the top 2% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.26. Mycronic AB's value of 25.07% is 669% above this benchmark. Historically, Mycronic AB's own Return-on-Tangible-Asset has ranged from 16.83 to 32.17 over the past decade. While the company's 10-year median is 22.70 vs. the industry median of 3.26, Mycronic AB 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 an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.26, based on 3,078 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. Mycronic AB's current Return-on-Tangible-Asset of 25.07% is 669% 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 Mycronic AB and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mycronic AB's current Return-on-Tangible-Asset is 25.07%, which is 10% above median its own 10-year median of 22.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mycronic AB stock overvalued right now?
Based on GuruFocus' analysis, Mycronic AB (STU:MLT0) is currently considered Modestly Overvalued. The stock's GF Value™ is €22.13, compared to a current price of €28.32 — trading 28% above its estimated fair value. The current Return-on-Tangible-Asset is 25.07%, which is 10% above median its 10-year median of 22.70 and 669% above the Industrial Products industry median of 3.26. Mycronic AB's overall GF Score™ is 91/100 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 Mycronic AB (STU:MLT0), the current Return-on-Tangible-Asset is 25.07% 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 Mycronic AB (STU:MLT0) Overvalued in 2026?
Based on GuruFocus' analysis, Mycronic AB stock appears to be overvalued.
The current stock price of €28.32 is trading 28% above its estimated GF Value™ of €22.13.
GuruFocus considers Mycronic AB to be Modestly Overvalued.
Key valuation signals for STU:MLT0:
Return-on-Tangible-Asset: 25.07% (10% above median its 10-year median of 22.70)
GF Value™: €22.13 vs. price of €28.32 (28% above fair value)
Industry Position: 669% above the Industrial Products median (#51 of 3078)
No single metric tells the full story. See the STU:MLT0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mycronic AB develops solutions for electronics production. It operates in four segments: Pattern Generators, which develops, manufactures, & markets mask writers & measuring machines for the production of photomasks for displays; The PCB Assembly Solutions division develops, manufactures, and markets flexible PCB assembly solutions, including jet printing, stencil printing, 3D inspection, component placement, and automated storage solutions. The High Volume division develops, manufactures, & markets equipment for dispensing and conformal coating of circuit boards, with a focus on high-volume markets in Asia. The Global Technologies division's offering includes production solutions with high levels of differentiation. The majority of its revenue is generated from the PCB Generators segment.
91GF Score
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