Usinas Siderurgicas de Minas GeraisXMAD:XUSIO 48 Return-on-Tangible-Asset is 9.54% as of Mar. 2026, which is 458% above its 10-year median of 1.71. GuruFocus rates XMAD:XUSIO with a GF Score™ of 48/100 and a GF Value™ of €0.92 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 633 Steel companies, Usinas Siderurgicas de Minas Gerais ranks worse than 90.52% on this metric.
The historical rank and industry rank for Usinas Siderurgicas de Minas Gerais's Return-on-Tangible-Asset or its related term are showing as below:
XMAD:XUSIO'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -8.6 Med: 1.71 Max: 27.41
Current: -7.36
During the past 13 years, Usinas Siderurgicas de Minas Gerais's highest Return-on-Tangible-Asset was 27.41%. The lowest was -8.60%. And the median was 1.71%.
XMAD:XUSIO's Return-on-Tangible-Asset is ranked worse than 90.52% of 633
companies
in the Steel industry
Industry Median: 1.97
vs XMAD:XUSIO: -7.36
Usinas Siderurgicas de Minas Gerais (XMAD:XUSIO) 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.
Usinas Siderurgicas de Minas Gerais Return-on-Tangible-Asset Related Terms
Usinas Siderurgicas de Minas Gerais 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.
Usinas Siderurgicas de Minas Gerais Return-on-Tangible-Asset Chart
XMAD:XUSIO vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Usinas Siderurgicas de Minas Gerais'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.
Usinas Siderurgicas de Minas Gerais Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Usinas Siderurgicas de Minas Gerais's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Usinas Siderurgicas de Minas Gerais'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 9.54% mean?
Usinas Siderurgicas de Minas Gerais (XMAD:XUSIO) has a Return-on-Tangible-Asset of 9.54% 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 Usinas Siderurgicas de Minas Gerais and its competitors. This is 458% above median its historical median of 1.71. According to the industry distribution chart, Usinas Siderurgicas de Minas Gerais ranks #573 out of 633 companies in the Steel industry, placing it in the top 90.5%.
Is Usinas Siderurgicas de Minas Gerais' Return-on-Tangible-Asset too high?
Usinas Siderurgicas de Minas Gerais' current Return-on-Tangible-Asset of 9.54% is 458% above median its 10-year median of 1.71. The Steel industry median Return-on-Tangible-Asset is 1.97. Usinas Siderurgicas de Minas Gerais' value of 9.54% is 384.3% above this industry median. Based on the distribution chart, Usinas Siderurgicas de Minas Gerais ranks #573 out of 633 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Usinas Siderurgicas de Minas Gerais has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Usinas Siderurgicas de Minas Gerais' Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Usinas Siderurgicas de Minas Gerais ranks #573 out of 633 companies for Return-on-Tangible-Asset. This places Usinas Siderurgicas de Minas Gerais in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.97. Usinas Siderurgicas de Minas Gerais' value of 9.54% is 384.3% above this benchmark. While the company's 10-year median is 1.71 vs. the industry median of 1.97, Usinas Siderurgicas de Minas Gerais 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 Steel company?
The median Return-on-Tangible-Asset among Steel companies is 1.97, based on 633 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. Usinas Siderurgicas de Minas Gerais's current Return-on-Tangible-Asset of 9.54% is 384.3% 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 Usinas Siderurgicas de Minas Gerais and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 1.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Usinas Siderurgicas de Minas Gerais's current Return-on-Tangible-Asset is 9.54%, which is 458% above median its own 10-year median of 1.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Usinas Siderurgicas de Minas Gerais stock overvalued right now?
Based on GuruFocus' analysis, Usinas Siderurgicas de Minas Gerais (XMAD:XUSIO) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.92, compared to a current price of €1.23 — trading 33.7% above its estimated fair value. The current Return-on-Tangible-Asset is 9.54%, which is 458% above median its 10-year median of 1.71 and 384.3% above the Steel industry median of 1.97. Usinas Siderurgicas de Minas Gerais' overall GF Score™ is 48/100 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 Usinas Siderurgicas de Minas Gerais (XMAD:XUSIO), the current Return-on-Tangible-Asset is 9.54% 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 Usinas Siderurgicas de Minas Gerais (XMAD:XUSIO) Overvalued in 2026?
Based on GuruFocus' analysis, Usinas Siderurgicas de Minas Gerais stock appears to be overvalued.
The current stock price of €1.23 is trading 33.7% above its estimated GF Value™ of €0.92.
GuruFocus considers Usinas Siderurgicas de Minas Gerais to be Significantly Overvalued.
Key valuation signals for XMAD:XUSIO:
Return-on-Tangible-Asset: 9.54% (458% above median its 10-year median of 1.71)
GF Value™: €0.92 vs. price of €1.23 (33.7% above fair value)
Industry Position: 384.3% above the Steel median (#573 of 633)
No single metric tells the full story. See the XMAD:XUSIO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Usinas Siderurgicas de Minas Gerais Business Description
Usinas Siderurgicas de Minas Gerais SA is a Brazil-based company engaged in producing and distributing flat steel products. The company's product portfolio comprises ordinary heavy plates, Sincron series premium heavy plates, hot strips, cold-rolled, and galvanized products. These products are used in automotive, civil construction, railway, electric, white goods, offshore platforms, and agricultural and construction machinery. The Brazilian domestic market represents the majority of the company's sales, while the United States, Argentina, and Turkey are the export destination markets for the company.
48GF Score
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