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Grand Harbour MarinaMAL:GHM 49 Return-on-Tangible-Equity is 14.91% as of Dec. 2025, which is 9% above its 10-year median of 13.62. GuruFocus rates MAL:GHM with a GF Score™ of 49/100 and a GF Value™ of €0.80 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 796 Travel & Leisure companies, Grand Harbour Marina ranks better than 71.86% 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. Grand Harbour Marina's annualized net income for the quarter that ended in Dec. 2025 was €1.99 Mil. Grand Harbour Marina's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €13.33 Mil. Therefore, Grand Harbour Marina's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 14.91%.
The historical rank and industry rank for Grand Harbour Marina's Return-on-Tangible-Equity or its related term are showing as below:
MAL:GHM'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -33.4 Med: 13.62 Max: 53.28
Current: 18.34
During the past 13 years, Grand Harbour Marina's highest Return-on-Tangible-Equity was 53.28%. The lowest was -33.40%. And the median was 13.62%.
MAL:GHM's Return-on-Tangible-Equity is ranked better than 71.86% of 796
companies
in the Travel & Leisure industry
Industry Median: 7.615
vs MAL:GHM: 18.34
Grand Harbour Marina (MAL:GHM) 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.
Grand Harbour Marina Return-on-Tangible-Equity Related Terms
Grand Harbour Marina Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Grand Harbour Marina'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.
Grand Harbour Marina Return-on-Tangible-Equity Chart
MAL:GHM vs AS, HAS, LTH: Return-on-Tangible-Equity Comparison
For the Leisure subindustry, Grand Harbour Marina'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.
Grand Harbour Marina Return-on-Tangible-Equity vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Grand Harbour Marina's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Grand Harbour Marina'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 14.91% mean?
Grand Harbour Marina (MAL:GHM) has a Return-on-Tangible-Equity of 14.91% 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 Grand Harbour Marina and its competitors. This is near median its historical median of 13.62. According to the industry distribution chart, Grand Harbour Marina ranks #224 out of 796 companies in the Travel & Leisure industry, placing it in the top 28.1%.
Is Grand Harbour Marina's Return-on-Tangible-Equity too high?
Grand Harbour Marina's current Return-on-Tangible-Equity of 14.91% is near median its 10-year median of 13.62. The Travel & Leisure industry median Return-on-Tangible-Equity is 7.62. Grand Harbour Marina's value of 14.91% is 95.8% above this industry median. Based on the distribution chart, Grand Harbour Marina ranks #224 out of 796 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Grand Harbour Marina has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Grand Harbour Marina's Return-on-Tangible-Equity compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Grand Harbour Marina ranks #224 out of 796 companies for Return-on-Tangible-Equity. This puts Grand Harbour Marina in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.62. Grand Harbour Marina's value of 14.91% is 95.8% above this benchmark. While the company's 10-year median is 13.62 vs. the industry median of 7.62, Grand Harbour Marina 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 Travel & Leisure company?
The median Return-on-Tangible-Equity among Travel & Leisure companies is 7.62, based on 796 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. Grand Harbour Marina's current Return-on-Tangible-Equity of 14.91% is 95.8% 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 Grand Harbour Marina and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Equity is 7.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grand Harbour Marina's current Return-on-Tangible-Equity is 14.91%, which is near median its own 10-year median of 13.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grand Harbour Marina stock overvalued right now?
Based on GuruFocus' analysis, Grand Harbour Marina (MAL:GHM) is currently considered Modestly Overvalued. The stock's GF Value™ is €0.80, compared to a current price of €0.94 — trading 17.5% above its estimated fair value. The current Return-on-Tangible-Equity is 14.91%, which is near median its 10-year median of 13.62 and 95.8% above the Travel & Leisure industry median of 7.62. Grand Harbour Marina's overall GF Score™ is 49/100 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 Grand Harbour Marina (MAL:GHM), the current Return-on-Tangible-Equity is 14.91% 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 Grand Harbour Marina (MAL:GHM) Overvalued in 2026?
Based on GuruFocus' analysis, Grand Harbour Marina stock appears to be overvalued.
The current stock price of €0.94 is trading 17.5% above its estimated GF Value™ of €0.80.
GuruFocus considers Grand Harbour Marina to be Modestly Overvalued.
Key valuation signals for MAL:GHM:
Return-on-Tangible-Equity: 14.91% (near median its 10-year median of 13.62)
GF Value™: €0.80 vs. price of €0.94 (17.5% above fair value)
Industry Position: 95.8% above the Travel & Leisure median (#224 of 796)
No single metric tells the full story. See the MAL:GHM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Grand Harbour Marina PLC is a Malta-based marina company. The principal business activities of the company and its joint venture are acquiring, developing, operating, and managing marinas. The group has two reportable segments, Grand Harbour Marina and IC Cesme Marina. The business operates in each of these two operating segments in the ownership and operation of marina facilities providing berthing and ancillary services for yachts and super-yachts. It generates maximum revenue from the Grand Harbour Marina segment.
49GF Score
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