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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. Harel Mallac and Co's annualizedNet Income for the quarter that ended in Jun. 2026 was MUR101 Mil. Harel Mallac and Co's average total tangible assets for the quarter that ended in Jun. 2026 was MUR5,173 Mil. Therefore, Harel Mallac and Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 1.94%.
The historical rank and industry rank for Harel Mallac and Co's Return-on-Tangible-Asset or its related term are showing as below:
XMAU:HML'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7.23 Med: -0.53 Max: 2.99
Current: 1.16
During the past 13 years, Harel Mallac and Co's highest Return-on-Tangible-Asset was 2.99%. The lowest was -7.23%. And the median was -0.53%.
XMAU:HML's Return-on-Tangible-Asset is ranked worse than 64.38% of 553
companies
in the Conglomerates industry
Industry Median: 2.87
vs XMAU:HML: 1.16
Harel Mallac and Co (XMAU:HML) 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.
Harel Mallac and Co Return-on-Tangible-Asset Related Terms
Harel Mallac and Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Harel Mallac and Co'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.
Harel Mallac and Co Return-on-Tangible-Asset Chart
XMAU:HML vs MMM, HON: Return-on-Tangible-Asset Comparison
For the Conglomerates subindustry, Harel Mallac and Co'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.
Harel Mallac and Co Return-on-Tangible-Asset vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Harel Mallac and Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Harel Mallac and Co'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 1.94% mean?
Harel Mallac and Co (XMAU:HML) has a Return-on-Tangible-Asset of 1.94% 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 Harel Mallac and Co and its competitors. According to the industry distribution chart, Harel Mallac and Co ranks #356 out of 553 companies in the Conglomerates industry, placing it in the top 64.4%.
Is Harel Mallac and Co's Return-on-Tangible-Asset too high?
Harel Mallac and Co's current Return-on-Tangible-Asset is 1.94%. The Conglomerates industry median Return-on-Tangible-Asset is 2.87. Harel Mallac and Co's value of 1.94% is 32.4% below this industry median. Based on the distribution chart, Harel Mallac and Co ranks #356 out of 553 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Harel Mallac and Co has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Harel Mallac and Co's Return-on-Tangible-Asset compare to MMM and HON?
According to the Conglomerates industry distribution chart, Harel Mallac and Co ranks #356 out of 553 companies for Return-on-Tangible-Asset. This places Harel Mallac and Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.87. Harel Mallac and Co's value of 1.94% is 32.4% below this benchmark. 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 Conglomerates company?
The median Return-on-Tangible-Asset among Conglomerates companies is 2.87, based on 553 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. Harel Mallac and Co's current Return-on-Tangible-Asset of 1.94% is 32.4% 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 Harel Mallac and Co and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Asset is 2.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harel Mallac and Co's current Return-on-Tangible-Asset is 1.94%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harel Mallac and Co stock overvalued right now?
Based on GuruFocus' analysis, Harel Mallac and Co (XMAU:HML) is currently considered Possible Value Trap. The stock's GF Value™ is MUR21.49, compared to a current price of MUR14.00 — trading 34.9% below its estimated fair value. The current Return-on-Tangible-Asset is 1.94% and 32.4% below the Conglomerates industry median of 2.87. Harel Mallac and Co's overall GF Score™ is 55/100 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 Harel Mallac and Co (XMAU:HML), the current Return-on-Tangible-Asset is 1.94% 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 Harel Mallac and Co (XMAU:HML) Overvalued in 2026?
Based on GuruFocus' analysis, Harel Mallac and Co stock appears to be undervalued.
The current stock price of MUR14.00 is trading 34.9% below its estimated GF Value™ of MUR21.49.
GuruFocus considers Harel Mallac and Co to be Possible Value Trap.
Key valuation signals for XMAU:HML:
Return-on-Tangible-Asset: 1.94%
GF Value™: MUR21.49 vs. price of MUR14.00 (34.9% below fair value)
Industry Position: 32.4% below the Conglomerates median (#356 of 553)
No single metric tells the full story. See the XMAU:HML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harel Mallac and Co Ltd is an investment holding company. Along with its subsidiaries, the company operates in the following reportable segments: Investment and Corporate, Technology, Chemicals, and Equipment and Systems. Maximum revenue for the group is generated from the Chemicals segment. Geographically, the group generates maximum revenue from Mauritius, followed by Reunion, Madagascar, and Africa.
55GF Score
Get the complete analysis for XMAU:HML
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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