MAAS Group HoldingsASX:MGH -0.19%64 Return-on-Tangible-Equity is 12.39% as of Dec. 2025, which is 27% below its 10-year median of 17.07. GuruFocus rates ASX:MGH with a GF Score™ of 64/100 and a GF Value™ of A$5.61 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,703 Construction companies, MAAS Group Holdings ranks better than 64.18% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. MAAS Group Holdings's annualized net income for the quarter that ended in Dec. 2025 was A$76 Mil. MAAS Group Holdings's average shareholder tangible equity for the quarter that ended in Dec. 2025 was A$612 Mil. Therefore, MAAS Group Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 12.39%.
The historical rank and industry rank for MAAS Group Holdings's Return-on-Tangible-Equity or its related term are showing as below:
ASX:MGH'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 12.69 Med: 17.07 Max: 23.52
Current: 12.69
During the past 6 years, MAAS Group Holdings's highest Return-on-Tangible-Equity was 23.52%. The lowest was 12.69%. And the median was 17.07%.
ASX:MGH's Return-on-Tangible-Equity is ranked better than 64.18% of 1703
companies
in the Construction industry
Industry Median: 8.23
vs ASX:MGH: 12.69
MAAS Group Holdings (ASX:MGH) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
MAAS Group Holdings Return-on-Tangible-Equity Related Terms
MAAS Group Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for MAAS Group Holdings's Return-on-Tangible-Equity 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.
MAAS Group Holdings Return-on-Tangible-Equity Chart
ASX:MGH vs PWR, FIX, EME: Return-on-Tangible-Equity Comparison
For the Engineering & Construction subindustry, MAAS Group Holdings's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
MAAS Group Holdings Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, MAAS Group Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where MAAS Group Holdings's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 12.39% mean?
MAAS Group Holdings (ASX:MGH) has a Return-on-Tangible-Equity of 12.39% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on MAAS Group Holdings and its competitors. This is 27% below median its historical median of 17.07. Over the past decade, MAAS Group Holdings' Return-on-Tangible-Equity has ranged from 12.69 to 23.52. According to the industry distribution chart, MAAS Group Holdings ranks #610 out of 1703 companies in the Construction industry, placing it in the top 35.8%.
Is MAAS Group Holdings' Return-on-Tangible-Equity too high?
MAAS Group Holdings' current Return-on-Tangible-Equity of 12.39% is 27% below median its 10-year median of 17.07. Over the past 10 years, this metric has ranged from a low of 12.69 to a high of 23.52. The Construction industry median Return-on-Tangible-Equity is 8.23. MAAS Group Holdings' value of 12.39% is 50.5% above this industry median. Based on the distribution chart, MAAS Group Holdings ranks #610 out of 1703 companies in the Construction industry, which is above the industry midpoint. Overall, MAAS Group Holdings has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MAAS Group Holdings' Return-on-Tangible-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, MAAS Group Holdings ranks #610 out of 1703 companies for Return-on-Tangible-Equity. This puts MAAS Group Holdings in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.23. MAAS Group Holdings' value of 12.39% is 50.5% above this benchmark. Historically, MAAS Group Holdings' own Return-on-Tangible-Equity has ranged from 12.69 to 23.52 over the past decade. While the company's 10-year median is 17.07 vs. the industry median of 8.23, MAAS Group Holdings 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-Equity for a Construction company?
The median Return-on-Tangible-Equity among Construction companies is 8.23, based on 1,703 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MAAS Group Holdings's current Return-on-Tangible-Equity of 12.39% is 50.5% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on MAAS Group Holdings and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MAAS Group Holdings's current Return-on-Tangible-Equity is 12.39%, which is 27% below median its own 10-year median of 17.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MAAS Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, MAAS Group Holdings (ASX:MGH) is currently considered Fairly Valued. The stock's GF Value™ is A$5.61, compared to a current price of A$5.34 — trading 4.8% below its estimated fair value. The current Return-on-Tangible-Equity is 12.39%, which is 27% below median its 10-year median of 17.07 and 50.5% above the Construction industry median of 8.23. MAAS Group Holdings' overall GF Score™ is 64/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For MAAS Group Holdings (ASX:MGH), the current Return-on-Tangible-Equity is 12.39% 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.
Is MAAS Group Holdings (ASX:MGH) Overvalued in 2026?
Based on GuruFocus' analysis, MAAS Group Holdings stock appears to be undervalued.
The current stock price of A$5.34 is trading 4.8% below its estimated GF Value™ of A$5.61.
GuruFocus considers MAAS Group Holdings to be Fairly Valued.
Key valuation signals for ASX:MGH:
Return-on-Tangible-Equity: 12.39% (27% below median its 10-year median of 17.07)
GF Value™: A$5.61 vs. price of A$5.34 (4.8% below fair value)
Industry Position: 50.5% above the Construction median (#610 of 1703)
No single metric tells the full story. See the ASX:MGH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MAAS Group Holdings Ltd is an industrial service and real estate business with exposure across the property, civil, infrastructure, renewable energy, and mining sectors. The company's operating segments include Construction Materials; Residential Real Estate; Civil, Construction and Hire; Commercial Real Estate; Manufacturing; and Others. It generates maximum revenue from the Construction Materials segment which provides various services like supply of quarry materials to construction projects, mobile crushing and screening for quarries, civil works and mining, geotechnical services, asphalt services, and quarry excavation services. Geographically, the company's customers are located across Australia, Vietnam, Indonesia, Mongolia, Papua New Guinea, and New Zealand.
64GF Score
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