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Nicolas MiguetXPAR:MLNMA 27 Return-on-Tangible-Asset is -5.41% as of Dec. 2025. GuruFocus rates XPAR:MLNMA with a GF Score™ of 27/100. The stock has 1 warning sign investors should review. Among 814 Capital Markets companies, Nicolas Miguet ranks worse than 80.96% 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. Nicolas Miguet's annualizedNet Income for the quarter that ended in Dec. 2025 was €-0.07 Mil. Nicolas Miguet's average total tangible assets for the quarter that ended in Dec. 2025 was €1.22 Mil. Therefore, Nicolas Miguet's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was -5.41%.
The historical rank and industry rank for Nicolas Miguet's Return-on-Tangible-Asset or its related term are showing as below:
XPAR:MLNMA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -40.18 Med: -5.41 Max: -4.86
Current: -5.41
During the past 3 years, Nicolas Miguet's highest Return-on-Tangible-Asset was -4.86%. The lowest was -40.18%. And the median was -5.41%.
XPAR:MLNMA's Return-on-Tangible-Asset is ranked worse than 80.96% of 814
companies
in the Capital Markets industry
Industry Median: 1.57
vs XPAR:MLNMA: -5.41
Nicolas Miguet (XPAR:MLNMA) 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.
Nicolas Miguet Return-on-Tangible-Asset Related Terms
Nicolas Miguet Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Nicolas Miguet'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.
Nicolas Miguet Return-on-Tangible-Asset Chart
Nicolas Miguet Annual Data
Trend
Dec23
Dec24
Dec25
Return-on-Tangible-Asset
-40.18
-4.86
-5.41
Nicolas Miguet Semi-Annual Data
Dec23
Dec24
Dec25
Return-on-Tangible-Asset
-40.18
-4.86
-5.41
XPAR:MLNMA vs SPGI, CME, ICE: Return-on-Tangible-Asset Comparison
For the Financial Data & Stock Exchanges subindustry, Nicolas Miguet'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.
Nicolas Miguet Return-on-Tangible-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Nicolas Miguet's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nicolas Miguet'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 one times the annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of -5.41% mean?
Nicolas Miguet (XPAR:MLNMA) has a Return-on-Tangible-Asset of -5.41% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Nicolas Miguet and its competitors. According to the industry distribution chart, Nicolas Miguet ranks #659 out of 814 companies in the Capital Markets industry, placing it in the top 81%.
Is Nicolas Miguet's Return-on-Tangible-Asset too high?
Nicolas Miguet's current Return-on-Tangible-Asset is -5.41%. Based on the distribution chart, Nicolas Miguet ranks #659 out of 814 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Nicolas Miguet has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does Nicolas Miguet's Return-on-Tangible-Asset compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Nicolas Miguet ranks #659 out of 814 companies for Return-on-Tangible-Asset. This places Nicolas Miguet in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.57. 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 Capital Markets company?
The median Return-on-Tangible-Asset among Capital Markets companies is 1.57, based on 814 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. 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 Nicolas Miguet and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Asset is 1.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nicolas Miguet's current Return-on-Tangible-Asset is -5.41%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nicolas Miguet stock overvalued right now?
Nicolas Miguet (XPAR:MLNMA) has a current Return-on-Tangible-Asset of -5.41%. The current Return-on-Tangible-Asset is -5.41%. Nicolas Miguet's overall GF Score™ is 27/100 with 1 warning sign 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 Nicolas Miguet (XPAR:MLNMA), the current Return-on-Tangible-Asset is -5.41% as of Dec. 2025. 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.
Nicolas Miguet is engaged in stock exchange consulting. The company produces stock exchange information and distributes it through various media, including the press, the Internet, and the telephone.
27GF Score
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