Maruichi Steel TubeMCHIF +10.76%82 Return-on-Tangible-Equity is 11.18% as of Mar. 2026, which is 47% above its 10-year median of 7.60. GuruFocus rates MCHIF with a GF Score™ of 82/100 and a GF Value™ of $4.55. The stock has 8 warning signs investors should review. Among 614 Steel companies, Maruichi Steel Tube ranks better than 68.57% 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. Maruichi Steel Tube's annualized net income for the quarter that ended in Mar. 2026 was $242 Mil. Maruichi Steel Tube's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $2,168 Mil. Therefore, Maruichi Steel Tube's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 11.18%.
The historical rank and industry rank for Maruichi Steel Tube's Return-on-Tangible-Equity or its related term are showing as below:
MCHIF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.45 Med: 7.6 Max: 9.84
Current: 7.87
During the past 13 years, Maruichi Steel Tube's highest Return-on-Tangible-Equity was 9.84%. The lowest was 2.45%. And the median was 7.60%.
MCHIF's Return-on-Tangible-Equity is ranked better than 68.57% of 614
companies
in the Steel industry
Industry Median: 3.95
vs MCHIF: 7.87
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.
Maruichi Steel Tube Return-on-Tangible-Equity Related Terms
Maruichi Steel Tube Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Maruichi Steel Tube'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.
MCHIF vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, Maruichi Steel Tube'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.
Maruichi Steel Tube Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Maruichi Steel Tube's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Maruichi Steel Tube'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 four times the quarterly (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 11.18% mean?
Maruichi Steel Tube (MCHIF) has a Return-on-Tangible-Equity of 11.18% 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 Maruichi Steel Tube and its competitors. This is 47% above median its historical median of 7.60. Over the past decade, Maruichi Steel Tube's Return-on-Tangible-Equity has ranged from 2.45 to 9.84. According to the industry distribution chart, Maruichi Steel Tube ranks #193 out of 614 companies in the Steel industry, placing it in the top 31.4%.
Is Maruichi Steel Tube's Return-on-Tangible-Equity too high?
Maruichi Steel Tube's current Return-on-Tangible-Equity of 11.18% is 47% above median its 10-year median of 7.60. Over the past 10 years, this metric has ranged from a low of 2.45 to a high of 9.84. The Steel industry median Return-on-Tangible-Equity is 3.95. Maruichi Steel Tube's value of 11.18% is 183% above this industry median. Based on the distribution chart, Maruichi Steel Tube ranks #193 out of 614 companies in the Steel industry, which is above the industry midpoint. Overall, Maruichi Steel Tube has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Maruichi Steel Tube's Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Maruichi Steel Tube ranks #193 out of 614 companies for Return-on-Tangible-Equity. This puts Maruichi Steel Tube in the upper half of its industry. The industry median Return-on-Tangible-Equity is 3.95. Maruichi Steel Tube's value of 11.18% is 183% above this benchmark. Historically, Maruichi Steel Tube's own Return-on-Tangible-Equity has ranged from 2.45 to 9.84 over the past decade. While the company's 10-year median is 7.60 vs. the industry median of 3.95, Maruichi Steel Tube 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 Steel company?
The median Return-on-Tangible-Equity among Steel companies is 3.95, based on 614 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. Maruichi Steel Tube's current Return-on-Tangible-Equity of 11.18% is 183% 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 Maruichi Steel Tube and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 3.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maruichi Steel Tube's current Return-on-Tangible-Equity is 11.18%, which is 47% above median its own 10-year median of 7.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maruichi Steel Tube stock overvalued right now?
Maruichi Steel Tube (MCHIF) has a current Return-on-Tangible-Equity of 11.18%. The stock's GF Value™ is $4.55, compared to a current price of $7.31 — trading 60.7% above its estimated fair value. The current Return-on-Tangible-Equity is 11.18%, which is 47% above median its 10-year median of 7.60 and 183% above the Steel industry median of 3.95. Maruichi Steel Tube's overall GF Score™ is 82/100 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 Maruichi Steel Tube (MCHIF), the current Return-on-Tangible-Equity is 11.18% 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 Maruichi Steel Tube (MCHIF) Overvalued in 2026?
Based on GuruFocus' analysis, Maruichi Steel Tube stock appears to be overvalued.
The current stock price of $7.31 is trading 60.7% above its estimated GF Value™ of $4.55.
Key valuation signals for MCHIF:
Return-on-Tangible-Equity: 11.18% (47% above median its 10-year median of 7.60)
GF Value™: $4.55 vs. price of $7.31 (60.7% above fair value)
Industry Position: 183% above the Steel median (#193 of 614)
No single metric tells the full story. See the MCHIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maruichi Steel Tube Ltd is a Japan-based company that manufactures and sells steel tubes and steel sheet coating. The company's product portfolio includes welded steel tubes, hot-dip galvanized steel sheet, lighting poles, and prepainted steel sheet. Its products are used in architecture, civil engineering, machinery, power generation plants, automobiles, motorcycles, medical equipment, fitness machines, office automation equipment, office and educational furniture, and others.
82GF Score
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