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. Pearl Gull Iron's annualized net income for the quarter that ended in Dec. 2025 was A$3.57 Mil. Pearl Gull Iron's average shareholder tangible equity for the quarter that ended in Dec. 2025 was A$2.91 Mil. Therefore, Pearl Gull Iron's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 122.58%.
The historical rank and industry rank for Pearl Gull Iron's Return-on-Tangible-Equity or its related term are showing as below:
ASX:PLG'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -166.64 Med: -35.96 Max: 76.81
Current: 76.81
During the past 4 years, Pearl Gull Iron's highest Return-on-Tangible-Equity was 76.81%. The lowest was -166.64%. And the median was -35.96%.
ASX:PLG's Return-on-Tangible-Equity is not ranked
in the Steel industry.
Industry Median: 3.93
vs ASX:PLG: 76.81
Pearl Gull Iron (ASX:PLG) 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.
Pearl Gull Iron Return-on-Tangible-Equity Related Terms
Pearl Gull Iron Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Pearl Gull Iron'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:PLG vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, Pearl Gull Iron'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.
Pearl Gull Iron Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Pearl Gull Iron's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Pearl Gull Iron'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 122.58% mean?
Pearl Gull Iron (ASX:PLG) has a Return-on-Tangible-Equity of 122.58% 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 Pearl Gull Iron and its competitors.
Is Pearl Gull Iron's Return-on-Tangible-Equity too high?
Pearl Gull Iron's current Return-on-Tangible-Equity is 122.58%. The Steel industry median Return-on-Tangible-Equity is 3.93. Pearl Gull Iron's value of 122.58% is 3019.1% above this industry median.
How does Pearl Gull Iron's Return-on-Tangible-Equity compare to NUE and STLD?
Pearl Gull Iron's Return-on-Tangible-Equity of 122.58% can be compared against companies in the Steel industry. The industry median Return-on-Tangible-Equity is 3.93. Pearl Gull Iron's value of 122.58% is 3019.1% above 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-Equity for a Steel company?
The median Return-on-Tangible-Equity among Steel companies is 3.93, based on 616 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. Pearl Gull Iron's current Return-on-Tangible-Equity of 122.58% is 3019.1% 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 Pearl Gull Iron and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 3.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pearl Gull Iron's current Return-on-Tangible-Equity is 122.58%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pearl Gull Iron stock overvalued right now?
Pearl Gull Iron (ASX:PLG) has a current Return-on-Tangible-Equity of 122.58%. The current Return-on-Tangible-Equity is 122.58% and 3019.1% above the Steel industry median of 3.93. 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 Pearl Gull Iron (ASX:PLG), the current Return-on-Tangible-Equity is 122.58% 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.
Pearl Gull Iron Ltd is a focused iron ore exploration and development company with mining title over a portion of Cockatoo Island. Its projects include the Switch Pit Project, the North Bay Project, and the Magazine Pit Project. The company operates within the mineral exploration industry in Australia.
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