McMillan ShakespeareMCSLF 81 Return-on-Tangible-Equity is 672.19% as of Dec. 2025, which is 1201% above its 10-year median of 51.65. GuruFocus rates MCSLF with a GF Score™ of 81/100 and a GF Value™ of $12.55. The stock has 13 warning signs investors should review. Among 1,009 Business Services companies, McMillan Shakespeare ranks better than 90.78% 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. McMillan Shakespeare's annualized net income for the quarter that ended in Dec. 2025 was $65.7 Mil. McMillan Shakespeare's average shareholder tangible equity for the quarter that ended in Dec. 2025 was $9.8 Mil. Therefore, McMillan Shakespeare's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 672.19%.
The historical rank and industry rank for McMillan Shakespeare's Return-on-Tangible-Equity or its related term are showing as below:
MCSLF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.95 Med: 51.65 Max: 571.7
Current: 571.7
During the past 13 years, McMillan Shakespeare's highest Return-on-Tangible-Equity was 571.70%. The lowest was 0.95%. And the median was 51.65%.
MCSLF's Return-on-Tangible-Equity is ranked better than 90.78% of 1009
companies
in the Business Services industry
Industry Median: 10.56
vs MCSLF: 571.70
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.
McMillan Shakespeare Return-on-Tangible-Equity Related Terms
McMillan Shakespeare Return-on-Tangible-Equity Historical Data
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The historical data trend for McMillan Shakespeare'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.
MCSLF vs KFY, RHI, TNET: Return-on-Tangible-Equity Comparison
For the Staffing & Employment Services subindustry, McMillan Shakespeare'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.
McMillan Shakespeare Return-on-Tangible-Equity vs Business Services Industry
For the Business Services industry and Industrials sector, McMillan Shakespeare's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where McMillan Shakespeare'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 672.19% mean?
McMillan Shakespeare (MCSLF) has a Return-on-Tangible-Equity of 672.19% 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 McMillan Shakespeare and its competitors. This is 1201% above median its historical median of 51.65. Over the past decade, McMillan Shakespeare's Return-on-Tangible-Equity has ranged from 0.95 to 571.70. According to the industry distribution chart, McMillan Shakespeare ranks #93 out of 1009 companies in the Business Services industry, placing it in the top 9.2%.
Is McMillan Shakespeare's Return-on-Tangible-Equity too high?
McMillan Shakespeare's current Return-on-Tangible-Equity of 672.19% is 1201% above median its 10-year median of 51.65. Over the past 10 years, this metric has ranged from a low of 0.95 to a high of 571.70. The Business Services industry median Return-on-Tangible-Equity is 10.56. McMillan Shakespeare's value of 672.19% is 6265.4% above this industry median. Based on the distribution chart, McMillan Shakespeare ranks #93 out of 1009 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, McMillan Shakespeare has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does McMillan Shakespeare's Return-on-Tangible-Equity compare to KFY and RHI?
According to the Business Services industry distribution chart, McMillan Shakespeare ranks #93 out of 1009 companies for Return-on-Tangible-Equity. This places McMillan Shakespeare in the top 9% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 10.56. McMillan Shakespeare's value of 672.19% is 6265.4% above this benchmark. Historically, McMillan Shakespeare's own Return-on-Tangible-Equity has ranged from 0.95 to 571.70 over the past decade. While the company's 10-year median is 51.65 vs. the industry median of 10.56, McMillan Shakespeare 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 Business Services company?
The median Return-on-Tangible-Equity among Business Services companies is 10.56, based on 1,009 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. McMillan Shakespeare's current Return-on-Tangible-Equity of 672.19% is 6265.4% 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 McMillan Shakespeare and its competitors. For the Business Services industry, the median Return-on-Tangible-Equity is 10.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. McMillan Shakespeare's current Return-on-Tangible-Equity is 672.19%, which is 1201% above median its own 10-year median of 51.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is McMillan Shakespeare stock overvalued right now?
McMillan Shakespeare (MCSLF) has a current Return-on-Tangible-Equity of 672.19%. The stock's GF Value™ is $12.55, compared to a current price of $9.90 — trading 21.1% below its estimated fair value. The current Return-on-Tangible-Equity is 672.19%, which is 1201% above median its 10-year median of 51.65 and 6265.4% above the Business Services industry median of 10.56. McMillan Shakespeare's overall GF Score™ is 81/100 with 13 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 McMillan Shakespeare (MCSLF), the current Return-on-Tangible-Equity is 672.19% 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 McMillan Shakespeare (MCSLF) Overvalued in 2026?
Based on GuruFocus' analysis, McMillan Shakespeare stock appears to be undervalued.
The current stock price of $9.90 is trading 21.1% below its estimated GF Value™ of $12.55.
Key valuation signals for MCSLF:
Return-on-Tangible-Equity: 672.19% (1201% above median its 10-year median of 51.65)
GF Value™: $12.55 vs. price of $9.90 (21.1% below fair value)
Industry Position: 6265.4% above the Business Services median (#93 of 1009)
No single metric tells the full story. See the MCSLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
McMillan Shakespeare is a provider of salary packaging, novated leasing, disability plan management and support co-ordination, and fleet management services. It actively works to cross-sell its products to clients, for example, selling its salary packaging services to its fleet management customers in Australia and New Zealand. McMillan dominates Australia's salary packaging market together with Smartgroup (also covered by Morningstar), and is also a large provider of novated leasing services by volumes—together with Smartgroup and SG Fleet. The group has three operating segments: group remuneration services, asset management services, and plan and support services. Most of the group's revenue is generated from the group remuneration services segment.
81GF Score
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