Marston'sLSE:MARS +1.53%50 Return-on-Tangible-Equity is 4.46% as of Mar. 2026, which is 49% below its 10-year median of 8.75. GuruFocus rates LSE:MARS with a GF Score™ of 50/100 and a GF Value™ of £0.39 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 331 Restaurants companies, Marston's ranks better than 53.17% 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. Marston's's annualized net income for the quarter that ended in Mar. 2026 was £34.6 Mil. Marston's's average shareholder tangible equity for the quarter that ended in Mar. 2026 was £776.1 Mil. Therefore, Marston's's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 4.46%.
The historical rank and industry rank for Marston's's Return-on-Tangible-Equity or its related term are showing as below:
LSE:MARS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -107.06 Med: 8.75 Max: 55.5
Current: 10.16
During the past 13 years, Marston's's highest Return-on-Tangible-Equity was 55.50%. The lowest was -107.06%. And the median was 8.75%.
LSE:MARS's Return-on-Tangible-Equity is ranked better than 53.17% of 331
companies
in the Restaurants industry
Industry Median: 8.76
vs LSE:MARS: 10.16
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.
Marston's Return-on-Tangible-Equity Related Terms
Marston's Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Marston's'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.
LSE:MARS vs MCD, SBUX, YUM: Return-on-Tangible-Equity Comparison
For the Restaurants subindustry, Marston's'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.
Marston's Return-on-Tangible-Equity vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Marston's's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Marston's'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 4.46% mean?
Marston's (LSE:MARS) has a Return-on-Tangible-Equity of 4.46% 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 Marston's and its competitors. This is 49% below median its historical median of 8.75. According to the industry distribution chart, Marston's ranks #155 out of 331 companies in the Restaurants industry, placing it in the top 46.8%.
Is Marston's' Return-on-Tangible-Equity too high?
Marston's' current Return-on-Tangible-Equity of 4.46% is 49% below median its 10-year median of 8.75. The Restaurants industry median Return-on-Tangible-Equity is 8.76. Marston's' value of 4.46% is 49.1% below this industry median. Based on the distribution chart, Marston's ranks #155 out of 331 companies in the Restaurants industry, which is above the industry midpoint. Overall, Marston's has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Marston's' Return-on-Tangible-Equity compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Marston's ranks #155 out of 331 companies for Return-on-Tangible-Equity. This puts Marston's in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.76. Marston's' value of 4.46% is 49.1% below this benchmark. While the company's 10-year median is 8.75 vs. the industry median of 8.76, Marston's has consistently been below 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 Restaurants company?
The median Return-on-Tangible-Equity among Restaurants companies is 8.76, based on 331 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. Marston's's current Return-on-Tangible-Equity of 4.46% is 49.1% below 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 Marston's and its competitors. For the Restaurants industry, the median Return-on-Tangible-Equity is 8.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marston's's current Return-on-Tangible-Equity is 4.46%, which is 49% below median its own 10-year median of 8.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marston's stock overvalued right now?
Based on GuruFocus' analysis, Marston's (LSE:MARS) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.39, compared to a current price of £0.53 — trading 35.9% above its estimated fair value. The current Return-on-Tangible-Equity is 4.46%, which is 49% below median its 10-year median of 8.75 and 49.1% below the Restaurants industry median of 8.76. Marston's' overall GF Score™ is 50/100 with 5 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 Marston's (LSE:MARS), the current Return-on-Tangible-Equity is 4.46% 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 Marston's (LSE:MARS) Overvalued in 2026?
Based on GuruFocus' analysis, Marston's stock appears to be overvalued.
The current stock price of £0.53 is trading 35.9% above its estimated GF Value™ of £0.39.
GuruFocus considers Marston's to be Significantly Overvalued.
Key valuation signals for LSE:MARS:
Return-on-Tangible-Equity: 4.46% (49% below median its 10-year median of 8.75)
GF Value™: £0.39 vs. price of £0.53 (35.9% above fair value)
Industry Position: 49.1% below the Restaurants median (#155 of 331)
No single metric tells the full story. See the LSE:MARS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Marston's PLC is a beer brewer and pub operator. It operates more than 1,500 pubs across the United Kingdom under brand names including Marston's Two For One, Milestone Rotisserie, Pitcher & Piano, and Revere. It also licenses and franchises more than 500 other taverns, and it has some locations that offer lodging. The company has five breweries that distribute its beer brands for sale to both out-of-home and at-home customers. Its key beer brands include Hobgoblin, Marston's Pedigree, Wainwright, Ringwood, Brakspear, and Banks's. Roughly 20% of the company's revenue comes from the brewing business; the rest comes from its pub businesses. Virtually all revenue is generated in the United Kingdom.
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