MHAFRA:MU2 +2.60%29 Return-on-Tangible-Equity is 104.93% as of Sep. 2025, which is 18% below its 10-year median of 128.74. GuruFocus rates FRA:MU2 with a GF Score™ of 29/100. The stock has 3 warning signs investors should review. Among 1,008 Business Services companies, MHA ranks better than 90.48% 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. MHA's annualized net income for the quarter that ended in Sep. 2025 was €41.6 Mil. MHA's average shareholder tangible equity for the quarter that ended in Sep. 2025 was €39.6 Mil. Therefore, MHA's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2025 was 104.93%.
The historical rank and industry rank for MHA's Return-on-Tangible-Equity or its related term are showing as below:
FRA:MU2'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 124.94 Med: 128.74 Max: 399.93
Current: 399.93
During the past 4 years, MHA's highest Return-on-Tangible-Equity was 399.93%. The lowest was 124.94%. And the median was 128.74%.
FRA:MU2's Return-on-Tangible-Equity is ranked better than 90.48% of 1008
companies
in the Business Services industry
Industry Median: 10.565
vs FRA:MU2: 399.93
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.
MHA Return-on-Tangible-Equity Related Terms
MHA Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for MHA'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:MU2 vs CTAS, CPRT, ULS: Return-on-Tangible-Equity Comparison
For the Specialty Business Services subindustry, MHA'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.
MHA Return-on-Tangible-Equity vs Business Services Industry
For the Business Services industry and Industrials sector, MHA's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where MHA'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 (Sep. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 104.93% mean?
MHA (FRA:MU2) has a Return-on-Tangible-Equity of 104.93% as of Sep. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on MHA and its competitors. This is 18% below median its historical median of 128.74. Over the past decade, MHA's Return-on-Tangible-Equity has ranged from 124.94 to 399.93. According to the industry distribution chart, MHA ranks #96 out of 1008 companies in the Business Services industry, placing it in the top 9.5%.
Is MHA's Return-on-Tangible-Equity too high?
MHA's current Return-on-Tangible-Equity of 104.93% is 18% below median its 10-year median of 128.74. Over the past 10 years, this metric has ranged from a low of 124.94 to a high of 399.93. The Business Services industry median Return-on-Tangible-Equity is 10.57. MHA's value of 104.93% is 893.2% above this industry median. Based on the distribution chart, MHA ranks #96 out of 1008 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, MHA has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does MHA's Return-on-Tangible-Equity compare to CTAS and CPRT?
According to the Business Services industry distribution chart, MHA ranks #96 out of 1008 companies for Return-on-Tangible-Equity. This places MHA in the top 10% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 10.57. MHA's value of 104.93% is 893.2% above this benchmark. Historically, MHA's own Return-on-Tangible-Equity has ranged from 124.94 to 399.93 over the past decade. While the company's 10-year median is 128.74 vs. the industry median of 10.57, MHA 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 Business Services company?
The median Return-on-Tangible-Equity among Business Services companies is 10.57, based on 1,008 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. MHA's current Return-on-Tangible-Equity of 104.93% is 893.2% 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 MHA and its competitors. For the Business Services industry, the median Return-on-Tangible-Equity is 10.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MHA's current Return-on-Tangible-Equity is 104.93%, which is 18% below median its own 10-year median of 128.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MHA stock overvalued right now?
MHA (FRA:MU2) has a current Return-on-Tangible-Equity of 104.93%. The current Return-on-Tangible-Equity is 104.93%, which is 18% below median its 10-year median of 128.74 and 893.2% above the Business Services industry median of 10.57. MHA's overall GF Score™ is 29/100 with 3 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 MHA (FRA:MU2), the current Return-on-Tangible-Equity is 104.93% as of Sep. 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.
MHA PLC is an accountancy firm in the UK. The company acts as a professional services provider of audit and assurance, tax, accountancy, and advisory services, based in the UK with an international presence. The company is referred to as a trusted advisor to its clients, offering skills and services across multiple disciplines and sectors. The company operates in one operating segment, which is the provision of professional services.
29GF Score
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