MustekJSE:MST -0.92%76 Return-on-Tangible-Equity is 6.34% as of Dec. 2025, which is 30% below its 10-year median of 9.03. GuruFocus rates JSE:MST with a GF Score™ of 76/100 and a GF Value™ of R12.57 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 2,377 Hardware companies, Mustek ranks worse than 50.95% 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. Mustek's annualized net income for the quarter that ended in Dec. 2025 was R90 Mil. Mustek's average shareholder tangible equity for the quarter that ended in Dec. 2025 was R1,424 Mil. Therefore, Mustek's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 6.34%.
The historical rank and industry rank for Mustek's Return-on-Tangible-Equity or its related term are showing as below:
JSE:MST'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.55 Med: 9.03 Max: 26.74
Current: 5.08
During the past 13 years, Mustek's highest Return-on-Tangible-Equity was 26.74%. The lowest was 1.55%. And the median was 9.03%.
JSE:MST's Return-on-Tangible-Equity is ranked worse than 50.95% of 2377
companies
in the Hardware industry
Industry Median: 5.27
vs JSE:MST: 5.08
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.
Mustek Return-on-Tangible-Equity Related Terms
Mustek Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Mustek'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.
JSE:MST vs SNDK, DELL, STX: Return-on-Tangible-Equity Comparison
For the Computer Hardware subindustry, Mustek'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.
Mustek Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Mustek's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Mustek'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 6.34% mean?
Mustek (JSE:MST) has a Return-on-Tangible-Equity of 6.34% 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 Mustek and its competitors. This is 30% below median its historical median of 9.03. Over the past decade, Mustek's Return-on-Tangible-Equity has ranged from 1.55 to 26.74. According to the industry distribution chart, Mustek ranks #1211 out of 2377 companies in the Hardware industry, placing it in the top 50.9%.
Is Mustek's Return-on-Tangible-Equity too high?
Mustek's current Return-on-Tangible-Equity of 6.34% is 30% below median its 10-year median of 9.03. Over the past 10 years, this metric has ranged from a low of 1.55 to a high of 26.74. The Hardware industry median Return-on-Tangible-Equity is 5.27. Mustek's value of 6.34% is 20.3% above this industry median. Based on the distribution chart, Mustek ranks #1211 out of 2377 companies in the Hardware industry, which is below the industry midpoint. Overall, Mustek has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mustek's Return-on-Tangible-Equity compare to SNDK and DELL?
According to the Hardware industry distribution chart, Mustek ranks #1211 out of 2377 companies for Return-on-Tangible-Equity. This places Mustek in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.27. Mustek's value of 6.34% is 20.3% above this benchmark. Historically, Mustek's own Return-on-Tangible-Equity has ranged from 1.55 to 26.74 over the past decade. While the company's 10-year median is 9.03 vs. the industry median of 5.27, Mustek 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 Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.27, based on 2,377 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. Mustek's current Return-on-Tangible-Equity of 6.34% is 20.3% 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 Mustek and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mustek's current Return-on-Tangible-Equity is 6.34%, which is 30% below median its own 10-year median of 9.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mustek stock overvalued right now?
Based on GuruFocus' analysis, Mustek (JSE:MST) is currently considered Modestly Overvalued. The stock's GF Value™ is R12.57, compared to a current price of R15.05 — trading 19.7% above its estimated fair value. The current Return-on-Tangible-Equity is 6.34%, which is 30% below median its 10-year median of 9.03 and 20.3% above the Hardware industry median of 5.27. Mustek's overall GF Score™ is 76/100 with 8 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 Mustek (JSE:MST), the current Return-on-Tangible-Equity is 6.34% 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 Mustek (JSE:MST) Overvalued in 2026?
Based on GuruFocus' analysis, Mustek stock appears to be overvalued.
The current stock price of R15.05 is trading 19.7% above its estimated GF Value™ of R12.57.
GuruFocus considers Mustek to be Modestly Overvalued.
Key valuation signals for JSE:MST:
Return-on-Tangible-Equity: 6.34% (30% below median its 10-year median of 9.03)
GF Value™: R12.57 vs. price of R15.05 (19.7% above fair value)
Industry Position: 20.3% above the Hardware median (#1211 of 2377)
No single metric tells the full story. See the JSE:MST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mustek Ltd is an assembler and distributor of personal computers and complementary Information and Communication Technology (ICT) products in South Africa. The company's segments include Mustek, Rectron, MIE, and the Group. Mustek includes assembly and distribution of computer products and peripherals, including Mecer-branded products and related services. Rectron includes the distribution of computer components and peripherals. Mecer Inter-Ed (MIE) includes a training provider of accredited training programmes, and the group includes investments in associates and other investments, and loans. Geographically, operates in the region of South Africa. It derives a substantial part of its revenue from the Mustek segment.
76GF Score
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