AX Real EstateMAL:AXR 29 Return-on-Tangible-Equity is 26.13% as of Oct. 2025, which is 545% above its 10-year median of 4.05. GuruFocus rates MAL:AXR with a GF Score™ of 29/100 and a GF Value™ of €0.81 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 1,718 Real Estate companies, AX Real Estate ranks better than 83.47% 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. AX Real Estate's annualized net income for the quarter that ended in Oct. 2025 was €37.82 Mil. AX Real Estate's average shareholder tangible equity for the quarter that ended in Oct. 2025 was €144.74 Mil. Therefore, AX Real Estate's annualized Return-on-Tangible-Equity for the quarter that ended in Oct. 2025 was 26.13%.
The historical rank and industry rank for AX Real Estate's Return-on-Tangible-Equity or its related term are showing as below:
MAL:AXR'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.3 Med: 4.05 Max: 15.31
Current: 15.31
During the past 4 years, AX Real Estate's highest Return-on-Tangible-Equity was 15.31%. The lowest was 0.30%. And the median was 4.05%.
MAL:AXR's Return-on-Tangible-Equity is ranked better than 83.47% of 1718
companies
in the Real Estate industry
Industry Median: 4.195
vs MAL:AXR: 15.31
AX Real Estate (MAL:AXR) 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.
AX Real Estate Return-on-Tangible-Equity Related Terms
AX Real Estate Return-on-Tangible-Equity Historical Data
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The historical data trend for AX Real Estate'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.
AX Real Estate Return-on-Tangible-Equity Competitor Comparison
For the Real Estate - Diversified subindustry, AX Real Estate'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.
AX Real Estate Return-on-Tangible-Equity vs Real Estate Industry
For the Real Estate industry and Real Estate sector, AX Real Estate's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where AX Real Estate'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 (Oct. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 26.13% mean?
AX Real Estate (MAL:AXR) has a Return-on-Tangible-Equity of 26.13% as of Oct. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on AX Real Estate and its competitors. This is 545% above median its historical median of 4.05. Over the past decade, AX Real Estate's Return-on-Tangible-Equity has ranged from 0.30 to 15.31. According to the industry distribution chart, AX Real Estate ranks #284 out of 1718 companies in the Real Estate industry, placing it in the top 16.5%.
Is AX Real Estate's Return-on-Tangible-Equity too high?
AX Real Estate's current Return-on-Tangible-Equity of 26.13% is 545% above median its 10-year median of 4.05. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 15.31. The Real Estate industry median Return-on-Tangible-Equity is 4.20. AX Real Estate's value of 26.13% is 522.9% above this industry median. Based on the distribution chart, AX Real Estate ranks #284 out of 1718 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, AX Real Estate has a GF Score™ of 29/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does AX Real Estate's Return-on-Tangible-Equity compare to competitors?
According to the Real Estate industry distribution chart, AX Real Estate ranks #284 out of 1718 companies for Return-on-Tangible-Equity. This places AX Real Estate in the top 17% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.20. AX Real Estate's value of 26.13% is 522.9% above this benchmark. Historically, AX Real Estate's own Return-on-Tangible-Equity has ranged from 0.30 to 15.31 over the past decade. While the company's 10-year median is 4.05 vs. the industry median of 4.20, AX Real Estate 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 Real Estate company?
The median Return-on-Tangible-Equity among Real Estate companies is 4.20, based on 1,718 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. AX Real Estate's current Return-on-Tangible-Equity of 26.13% is 522.9% 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 AX Real Estate and its competitors. For the Real Estate industry, the median Return-on-Tangible-Equity is 4.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AX Real Estate's current Return-on-Tangible-Equity is 26.13%, which is 545% above median its own 10-year median of 4.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AX Real Estate stock overvalued right now?
Based on GuruFocus' analysis, AX Real Estate (MAL:AXR) is currently considered Possible Value Trap. The stock's GF Value™ is €0.81, compared to a current price of €0.49 — trading 39.5% below its estimated fair value. The current Return-on-Tangible-Equity is 26.13%, which is 545% above median its 10-year median of 4.05 and 522.9% above the Real Estate industry median of 4.20. AX Real Estate's overall GF Score™ is 29/100 with 9 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 AX Real Estate (MAL:AXR), the current Return-on-Tangible-Equity is 26.13% as of Oct. 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 AX Real Estate (MAL:AXR) Overvalued in 2026?
Based on GuruFocus' analysis, AX Real Estate stock appears to be undervalued.
The current stock price of €0.49 is trading 39.5% below its estimated GF Value™ of €0.81.
GuruFocus considers AX Real Estate to be Possible Value Trap.
Key valuation signals for MAL:AXR:
Return-on-Tangible-Equity: 26.13% (545% above median its 10-year median of 4.05)
GF Value™: €0.81 vs. price of €0.49 (39.5% below fair value)
Industry Position: 522.9% above the Real Estate median (#284 of 1718)
No single metric tells the full story. See the MAL:AXR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AX Real Estate PLC serves as the holding company of the Estates Group within the AX Group, with the former boasting a diverse portfolio of properties. It is engaged in four main business sectors namely, Care, Construction, Hospitality, Real Estate, and Development, and is also involved in renewable energy. It generates rental revenues from Hospitality, Care home, Offices, Residential, and Warehousing. It generates the majority of its revenue from the Hospitality segment.
29GF Score
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