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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. MGX Resources's annualized net income for the quarter that ended in Dec. 2025 was €-23.7 Mil. MGX Resources's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €250.4 Mil. Therefore, MGX Resources's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was -9.45%.
The historical rank and industry rank for MGX Resources's Return-on-Tangible-Equity or its related term are showing as below:
FRA:FWQ'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -27.8 Med: 7.85 Max: 24.74
Current: -6.95
During the past 13 years, MGX Resources's highest Return-on-Tangible-Equity was 24.74%. The lowest was -27.80%. And the median was 7.85%.
FRA:FWQ's Return-on-Tangible-Equity is ranked worse than 84.23% of 615
companies
in the Steel industry
Industry Median: 3.97
vs FRA:FWQ: -6.95
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.
MGX Resources Return-on-Tangible-Equity Related Terms
MGX Resources Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for MGX Resources'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.
FRA:FWQ vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, MGX Resources'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.
MGX Resources Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, MGX Resources's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where MGX Resources'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 -9.45% mean?
MGX Resources (FRA:FWQ) has a Return-on-Tangible-Equity of -9.45% 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 MGX Resources and its competitors. According to the industry distribution chart, MGX Resources ranks #518 out of 615 companies in the Steel industry, placing it in the top 84.2%.
Is MGX Resources' Return-on-Tangible-Equity too high?
MGX Resources' current Return-on-Tangible-Equity is -9.45%. Based on the distribution chart, MGX Resources ranks #518 out of 615 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, MGX Resources has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does MGX Resources' Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, MGX Resources ranks #518 out of 615 companies for Return-on-Tangible-Equity. This places MGX Resources in the lower half of its industry. The industry median Return-on-Tangible-Equity is 3.97. 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 3.97, 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. 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 MGX Resources and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 3.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MGX Resources's current Return-on-Tangible-Equity is -9.45%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGX Resources stock overvalued right now?
MGX Resources (FRA:FWQ) has a current Return-on-Tangible-Equity of -9.45%. The stock's GF Value™ is €0.17, compared to a current price of €0.19 — trading 8.8% above its estimated fair value. The current Return-on-Tangible-Equity is -9.45%. MGX Resources' overall GF Score™ is 50/100 with 2 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 MGX Resources (FRA:FWQ), the current Return-on-Tangible-Equity is -9.45% 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 MGX Resources (FRA:FWQ) Overvalued in 2026?
Based on GuruFocus' analysis, MGX Resources stock appears to be overvalued.
The current stock price of €0.19 is trading 8.8% above its estimated GF Value™ of €0.17.
Key valuation signals for FRA:FWQ:
Return-on-Tangible-Equity: -9.45%
GF Value™: €0.17 vs. price of €0.19 (8.8% above fair value)
No single metric tells the full story. See the FRA:FWQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MGX Resources Ltd is an Australian mining company. The company's flagship production asset is the Koolan Island mine in WA's Kimberley region. The Company also holds precious and base metals exploration tenements in the Mid-West and Gascoyne regions of Western Australia. Its other projects include the Central Tanami Gold Project and the WA Exploration - Tallering Peak and Edmund Basin.
50GF Score
Get the complete analysis for FRA:FWQ
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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