Salungano GroupJSE:SLG 30 Return-on-Tangible-Equity is 51.80% as of Mar. 2026, which is 4253% above its 10-year median of 1.19. GuruFocus rates JSE:SLG with a GF Score™ of 30/100 and a GF Value™ of R0.53 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 178 Other Energy Sources companies, Salungano Group ranks better than 97.19% 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. Salungano Group's annualized net income for the quarter that ended in Mar. 2026 was R102 Mil. Salungano Group's average shareholder tangible equity for the quarter that ended in Mar. 2026 was R197 Mil. Therefore, Salungano Group's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 51.80%.
The historical rank and industry rank for Salungano Group's Return-on-Tangible-Equity or its related term are showing as below:
JSE:SLG'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -467.72 Med: 1.19 Max: 177.71
Current: 154.27
During the past 13 years, Salungano Group's highest Return-on-Tangible-Equity was 177.71%. The lowest was -467.72%. And the median was 1.19%.
JSE:SLG's Return-on-Tangible-Equity is ranked better than 97.19% of 178
companies
in the Other Energy Sources industry
Industry Median: 0.79
vs JSE:SLG: 154.27
Salungano Group (JSE:SLG) 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.
Salungano Group Return-on-Tangible-Equity Related Terms
Salungano Group Return-on-Tangible-Equity Historical Data
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The historical data trend for Salungano Group'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:SLG vs CNR: Return-on-Tangible-Equity Comparison
For the Thermal Coal subindustry, Salungano Group'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.
Salungano Group Return-on-Tangible-Equity vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Salungano Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Salungano Group'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 (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 51.80% mean?
Salungano Group (JSE:SLG) has a Return-on-Tangible-Equity of 51.80% 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 Salungano Group and its competitors. This is 4253% above median its historical median of 1.19. According to the industry distribution chart, Salungano Group ranks #5 out of 178 companies in the Other Energy Sources industry, placing it in the top 2.8%.
Is Salungano Group's Return-on-Tangible-Equity too high?
Salungano Group's current Return-on-Tangible-Equity of 51.80% is 4253% above median its 10-year median of 1.19. The Other Energy Sources industry median Return-on-Tangible-Equity is 0.79. Salungano Group's value of 51.80% is 6457% above this industry median. Based on the distribution chart, Salungano Group ranks #5 out of 178 companies in the Other Energy Sources industry, which is in the top quartile — a strong position relative to peers. Overall, Salungano Group has a GF Score™ of 30/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Salungano Group's Return-on-Tangible-Equity compare to CNR?
According to the Other Energy Sources industry distribution chart, Salungano Group ranks #5 out of 178 companies for Return-on-Tangible-Equity. This places Salungano Group in the top 3% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 0.79. Salungano Group's value of 51.80% is 6457% above this benchmark. While the company's 10-year median is 1.19 vs. the industry median of 0.79, Salungano Group 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 an Other Energy Sources company?
The median Return-on-Tangible-Equity among Other Energy Sources companies is 0.79, based on 178 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. Salungano Group's current Return-on-Tangible-Equity of 51.80% is 6457% 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 Salungano Group and its competitors. For the Other Energy Sources industry, the median Return-on-Tangible-Equity is 0.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Salungano Group's current Return-on-Tangible-Equity is 51.80%, which is 4253% above median its own 10-year median of 1.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Salungano Group stock overvalued right now?
Based on GuruFocus' analysis, Salungano Group (JSE:SLG) is currently considered Significantly Overvalued. The stock's GF Value™ is R0.53, compared to a current price of R0.80 — trading 50.9% above its estimated fair value. The current Return-on-Tangible-Equity is 51.80%, which is 4253% above median its 10-year median of 1.19 and 6457% above the Other Energy Sources industry median of 0.79. Salungano Group's overall GF Score™ is 30/100 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 Salungano Group (JSE:SLG), the current Return-on-Tangible-Equity is 51.80% 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 Salungano Group (JSE:SLG) Overvalued in 2026?
Based on GuruFocus' analysis, Salungano Group stock appears to be overvalued.
The current stock price of R0.80 is trading 50.9% above its estimated GF Value™ of R0.53.
GuruFocus considers Salungano Group to be Significantly Overvalued.
Key valuation signals for JSE:SLG:
Return-on-Tangible-Equity: 51.80% (4253% above median its 10-year median of 1.19)
GF Value™: R0.53 vs. price of R0.80 (50.9% above fair value)
Industry Position: 6457% above the Other Energy Sources median (#5 of 178)
No single metric tells the full story. See the JSE:SLG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Salungano Group Ltd is a South African firm mainly engaged in the mining, processing, sale, and distribution of thermal coal. Along with its subsidiaries, it operates in the following reportable segments: Mining, Trading, Property rental and other, and Investment holding. The majority of its revenue is generated from the Mining segment, which is involved in the exploration, beneficiation, and mining of bituminous coal. The mining operations of the Group are carried out at Elandspruit, Khanyisa, Vanggatfontein, Arnot, and Moabsvelden mining complexes. The Trading segment buys and sells coal to inland customers, and the property rental segment rents property to other segments within the group.
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