Mirvac GroupASX:MGR +0.59%69 Return-on-Tangible-Equity is 7.05% as of Dec. 2025, which is 18% below its 10-year median of 8.59. GuruFocus rates ASX:MGR with a GF Score™ of 69/100 and a GF Value™ of A$2.30 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 935 REITs companies, Mirvac Group ranks worse than 63.64% 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. Mirvac Group's annualized net income for the quarter that ended in Dec. 2025 was A$638 Mil. Mirvac Group's average shareholder tangible equity for the quarter that ended in Dec. 2025 was A$9,052 Mil. Therefore, Mirvac Group's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 7.05%.
The historical rank and industry rank for Mirvac Group's Return-on-Tangible-Equity or its related term are showing as below:
ASX:MGR'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -8.15 Med: 8.59 Max: 15.53
Current: 4.26
During the past 13 years, Mirvac Group's highest Return-on-Tangible-Equity was 15.53%. The lowest was -8.15%. And the median was 8.59%.
ASX:MGR's Return-on-Tangible-Equity is ranked worse than 63.64% of 935
companies
in the REITs industry
Industry Median: 6.23
vs ASX:MGR: 4.26
Mirvac Group (ASX:MGR) 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.
Mirvac Group Return-on-Tangible-Equity Related Terms
Mirvac Group Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Mirvac Group'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.
ASX:MGR vs VICI, WPC, BNL: Return-on-Tangible-Equity Comparison
For the REIT - Diversified subindustry, Mirvac Group'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.
Mirvac Group Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Mirvac Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Mirvac Group'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 7.05% mean?
Mirvac Group (ASX:MGR) has a Return-on-Tangible-Equity of 7.05% 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 Mirvac Group and its competitors. This is 18% below median its historical median of 8.59. According to the industry distribution chart, Mirvac Group ranks #595 out of 935 companies in the REITs industry, placing it in the top 63.6%.
Is Mirvac Group's Return-on-Tangible-Equity too high?
Mirvac Group's current Return-on-Tangible-Equity of 7.05% is 18% below median its 10-year median of 8.59. The REITs industry median Return-on-Tangible-Equity is 6.23. Mirvac Group's value of 7.05% is 13.2% above this industry median. Based on the distribution chart, Mirvac Group ranks #595 out of 935 companies in the REITs industry, which is below the industry midpoint. Overall, Mirvac Group has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mirvac Group's Return-on-Tangible-Equity compare to VICI and WPC?
According to the REITs industry distribution chart, Mirvac Group ranks #595 out of 935 companies for Return-on-Tangible-Equity. This places Mirvac Group in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.23. Mirvac Group's value of 7.05% is 13.2% above this benchmark. While the company's 10-year median is 8.59 vs. the industry median of 6.23, Mirvac Group 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 REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.23, based on 935 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. Mirvac Group's current Return-on-Tangible-Equity of 7.05% is 13.2% 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 Mirvac Group and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mirvac Group's current Return-on-Tangible-Equity is 7.05%, which is 18% below median its own 10-year median of 8.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mirvac Group stock overvalued right now?
Based on GuruFocus' analysis, Mirvac Group (ASX:MGR) is currently considered Modestly Undervalued. The stock's GF Value™ is A$2.30, compared to a current price of A$1.71 — trading 25.7% below its estimated fair value. The current Return-on-Tangible-Equity is 7.05%, which is 18% below median its 10-year median of 8.59 and 13.2% above the REITs industry median of 6.23. Mirvac Group's overall GF Score™ is 69/100 with 9 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 Mirvac Group (ASX:MGR), the current Return-on-Tangible-Equity is 7.05% 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 Mirvac Group (ASX:MGR) Overvalued in 2026?
Based on GuruFocus' analysis, Mirvac Group stock appears to be undervalued.
The current stock price of A$1.71 is trading 25.7% below its estimated GF Value™ of A$2.30.
GuruFocus considers Mirvac Group to be Modestly Undervalued.
Key valuation signals for ASX:MGR:
Return-on-Tangible-Equity: 7.05% (18% below median its 10-year median of 8.59)
GF Value™: A$2.30 vs. price of A$1.71 (25.7% below fair value)
Industry Position: 13.2% above the REITs median (#595 of 935)
No single metric tells the full story. See the ASX:MGR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mirvac started off as a residential property developer and over time expanded into property investment, funds management, and commercial property development. Investment is the major earnings driver, generating about two-thirds of group earnings. The investment portfolio, by book value, is made up of 50% office, 20% retail, 15% industrial and the rest is build-to-rent and land lease assets. Longer term, Mirvac aims to increase exposure to the industrial and living sectors and own fewer offices and retail centers. Development income is volatile and was around one-fourth of fiscal 2025 group earnings. Besides developing apartments and houses, which Mirvac is best known for, it is also involved in commercial and mixed-use precinct developments.
69GF Score
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