Mercedes-Benz Group AGXSWX:MBG 62 Return-on-Tangible-Asset is 2.37% as of Mar. 2026, which is 41% below its 10-year median of 4.03. GuruFocus rates XSWX:MBG with a GF Score™ of 62/100 and a GF Value™ of CHF52.97 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,337 Vehicles & Parts companies, Mercedes-Benz Group AG ranks worse than 59.24% 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. Mercedes-Benz Group AG's annualizedNet Income for the quarter that ended in Mar. 2026 was CHF5,163 Mil. Mercedes-Benz Group AG's average total tangible assets for the quarter that ended in Mar. 2026 was CHF217,818 Mil. Therefore, Mercedes-Benz Group AG's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.37%.
The historical rank and industry rank for Mercedes-Benz Group AG's Return-on-Tangible-Asset or its related term are showing as below:
XSWX:MBG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.86 Med: 4.03 Max: 8.95
Current: 2.06
During the past 13 years, Mercedes-Benz Group AG's highest Return-on-Tangible-Asset was 8.95%. The lowest was 0.86%. And the median was 4.03%.
XSWX:MBG's Return-on-Tangible-Asset is ranked worse than 59.24% of 1337
companies
in the Vehicles & Parts industry
Industry Median: 3.11
vs XSWX:MBG: 2.06
Mercedes-Benz Group AG (XSWX:MBG) 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.
Mercedes-Benz Group AG Return-on-Tangible-Asset Related Terms
Mercedes-Benz Group AG Return-on-Tangible-Asset Historical Data
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The historical data trend for Mercedes-Benz Group AG'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.
Mercedes-Benz Group AG Return-on-Tangible-Asset Chart
XSWX:MBG vs TSLA, GM, F: Return-on-Tangible-Asset Comparison
For the Auto Manufacturers subindustry, Mercedes-Benz Group AG'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.
Mercedes-Benz Group AG Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Mercedes-Benz Group AG's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Mercedes-Benz Group AG'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 2.37% mean?
Mercedes-Benz Group AG (XSWX:MBG) has a Return-on-Tangible-Asset of 2.37% 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 Mercedes-Benz Group AG and its competitors. This is 41% below median its historical median of 4.03. Over the past decade, Mercedes-Benz Group AG's Return-on-Tangible-Asset has ranged from 0.86 to 8.95. According to the industry distribution chart, Mercedes-Benz Group AG ranks #792 out of 1337 companies in the Vehicles & Parts industry, placing it in the top 59.2%.
Is Mercedes-Benz Group AG's Return-on-Tangible-Asset too high?
Mercedes-Benz Group AG's current Return-on-Tangible-Asset of 2.37% is 41% below median its 10-year median of 4.03. Over the past 10 years, this metric has ranged from a low of 0.86 to a high of 8.95. The Vehicles & Parts industry median Return-on-Tangible-Asset is 3.11. Mercedes-Benz Group AG's value of 2.37% is 23.8% below this industry median. Based on the distribution chart, Mercedes-Benz Group AG ranks #792 out of 1337 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Mercedes-Benz Group AG has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Mercedes-Benz Group AG's Return-on-Tangible-Asset compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Mercedes-Benz Group AG ranks #792 out of 1337 companies for Return-on-Tangible-Asset. This places Mercedes-Benz Group AG in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.11. Mercedes-Benz Group AG's value of 2.37% is 23.8% below this benchmark. Historically, Mercedes-Benz Group AG's own Return-on-Tangible-Asset has ranged from 0.86 to 8.95 over the past decade. While the company's 10-year median is 4.03 vs. the industry median of 3.11, Mercedes-Benz Group AG has consistently been below 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 Vehicles & Parts company?
The median Return-on-Tangible-Asset among Vehicles & Parts companies is 3.11, based on 1,337 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. Mercedes-Benz Group AG's current Return-on-Tangible-Asset of 2.37% is 23.8% 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 Mercedes-Benz Group AG and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Asset is 3.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mercedes-Benz Group AG's current Return-on-Tangible-Asset is 2.37%, which is 41% below median its own 10-year median of 4.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercedes-Benz Group AG stock overvalued right now?
Based on GuruFocus' analysis, Mercedes-Benz Group AG (XSWX:MBG) is currently considered Possible Value Trap. The stock's GF Value™ is CHF52.97, compared to a current price of CHF40.87 — trading 22.9% below its estimated fair value. The current Return-on-Tangible-Asset is 2.37%, which is 41% below median its 10-year median of 4.03 and 23.8% below the Vehicles & Parts industry median of 3.11. Mercedes-Benz Group AG's overall GF Score™ is 62/100 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 Mercedes-Benz Group AG (XSWX:MBG), the current Return-on-Tangible-Asset is 2.37% 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 Mercedes-Benz Group AG (XSWX:MBG) Overvalued in 2026?
Based on GuruFocus' analysis, Mercedes-Benz Group AG stock appears to be undervalued.
The current stock price of CHF40.87 is trading 22.9% below its estimated GF Value™ of CHF52.97.
GuruFocus considers Mercedes-Benz Group AG to be Possible Value Trap.
Key valuation signals for XSWX:MBG:
Return-on-Tangible-Asset: 2.37% (41% below median its 10-year median of 4.03)
GF Value™: CHF52.97 vs. price of CHF40.87 (22.9% below fair value)
Industry Position: 23.8% below the Vehicles & Parts median (#792 of 1337)
No single metric tells the full story. See the XSWX:MBG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mercedes-Benz Group is a premium automotive original equipment manufacturer, selling around 2 million passenger cars, including its Chinese joint venture, and just under 400,000 vans per year. The company's financial profile improved significantly following the spinoff of Daimler Truck in 2021. Unlike most automotive OEMs, Mercedes operates under its brand alone. In 2025, 15% of its passenger cars sold were top end (G Class, Maybach, AMG, S Class), 58% were core (C and E Class), and 27% entry (A and B Class). In volume terms, Asia and Europe are Mercedes' largest markets, representing 41% and 36% of 2025 vehicle sales, respectively, followed by North America at 16%.
62GF Score
Get the complete analysis for XSWX:MBG
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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