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Mangels IndustrialBSP:MGEL3 8 Return-on-Tangible-Equity is 32.85% as of Mar. 2026, which is 77% below its 10-year median of 145.19. GuruFocus rates BSP:MGEL3 with a GF Score™ of 8/100 and a GF Value™ of R$143.53. The stock has 6 warning signs investors should review. Among 615 Steel companies, Mangels Industrial ranks better than 97.72% 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. Mangels Industrial's annualized net income for the quarter that ended in Mar. 2026 was R$16 Mil. Mangels Industrial's average shareholder tangible equity for the quarter that ended in Mar. 2026 was R$47 Mil. Therefore, Mangels Industrial's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 32.85%.
The historical rank and industry rank for Mangels Industrial's Return-on-Tangible-Equity or its related term are showing as below:
BSP:MGEL3'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -209.84 Med: 145.19 Max: 214.24
Current: 140.85
During the past 13 years, Mangels Industrial's highest Return-on-Tangible-Equity was 214.24%. The lowest was -209.84%. And the median was 145.19%.
BSP:MGEL3's Return-on-Tangible-Equity is ranked better than 97.72% of 615
companies
in the Steel industry
Industry Median: 4.09
vs BSP:MGEL3: 140.85
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.
Mangels Industrial Return-on-Tangible-Equity Related Terms
Mangels Industrial Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Mangels Industrial'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.
BSP:MGEL3 vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, Mangels Industrial'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.
Mangels Industrial Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Mangels Industrial's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Mangels Industrial'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 four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 32.85% mean?
Mangels Industrial (BSP:MGEL3) has a Return-on-Tangible-Equity of 32.85% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Mangels Industrial and its competitors. This is 77% below median its historical median of 145.19. According to the industry distribution chart, Mangels Industrial ranks #14 out of 615 companies in the Steel industry, placing it in the top 2.3%.
Is Mangels Industrial's Return-on-Tangible-Equity too high?
Mangels Industrial's current Return-on-Tangible-Equity of 32.85% is 77% below median its 10-year median of 145.19. The Steel industry median Return-on-Tangible-Equity is 4.09. Mangels Industrial's value of 32.85% is 703.2% above this industry median. Based on the distribution chart, Mangels Industrial ranks #14 out of 615 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Mangels Industrial has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Mangels Industrial's Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Mangels Industrial ranks #14 out of 615 companies for Return-on-Tangible-Equity. This places Mangels Industrial in the top 2% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.09. Mangels Industrial's value of 32.85% is 703.2% above this benchmark. While the company's 10-year median is 145.19 vs. the industry median of 4.09, Mangels Industrial 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 Steel company?
The median Return-on-Tangible-Equity among Steel companies is 4.09, based on 615 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. Mangels Industrial's current Return-on-Tangible-Equity of 32.85% is 703.2% 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 Mangels Industrial and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 4.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mangels Industrial's current Return-on-Tangible-Equity is 32.85%, which is 77% below median its own 10-year median of 145.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mangels Industrial stock overvalued right now?
Mangels Industrial (BSP:MGEL3) has a current Return-on-Tangible-Equity of 32.85%. The stock's GF Value™ is R$143.53, compared to a current price of R$75.00 — trading 47.7% below its estimated fair value. The current Return-on-Tangible-Equity is 32.85%, which is 77% below median its 10-year median of 145.19 and 703.2% above the Steel industry median of 4.09. Mangels Industrial's overall GF Score™ is 8/100 with 6 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 Mangels Industrial (BSP:MGEL3), the current Return-on-Tangible-Equity is 32.85% 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 Mangels Industrial (BSP:MGEL3) Overvalued in 2026?
Based on GuruFocus' analysis, Mangels Industrial stock appears to be undervalued.
The current stock price of R$75.00 is trading 47.7% below its estimated GF Value™ of R$143.53.
Key valuation signals for BSP:MGEL3:
Return-on-Tangible-Equity: 32.85% (77% below median its 10-year median of 145.19)
GF Value™: R$143.53 vs. price of R$75.00 (47.7% below fair value)
Industry Position: 703.2% above the Steel median (#14 of 615)
No single metric tells the full story. See the BSP:MGEL3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mangels Industrial SA produces, markets, sells and distributes steel and related products. It operates in four segments, Steel, Wheel, Cylinder and Galvanizing. It supplies wheels to the car industry, motorcycles, trucks, buses, appliances, and gas companies; liquefied petroleum gas cylinders; air tanks for heavy vehicles, agricultural machinery, and air compressors; rear axles for light vehicles; and rolls, blanks, and sheets of low carbon and high strength steel for use in motorcycles, electronics and accessories, and hardware components.
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