MDU Resources GroupMEX:MDU 74 Return-on-Tangible-Equity is 12.98% as of Mar. 2026, which is 12% below its 10-year median of 14.73. GuruFocus rates MEX:MDU with a GF Score™ of 74/100 and a GF Value™ of MXN269.11. The stock has 9 warning signs investors should review. Among 496 Utilities - Regulated companies, MDU Resources Group ranks worse than 65.52% 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. MDU Resources Group's annualized net income for the quarter that ended in Mar. 2026 was MXN5,829 Mil. MDU Resources Group's average shareholder tangible equity for the quarter that ended in Mar. 2026 was MXN44,914 Mil. Therefore, MDU Resources Group's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 12.98%.
The historical rank and industry rank for MDU Resources Group's Return-on-Tangible-Equity or its related term are showing as below:
MEX:MDU'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.75 Med: 14.73 Max: 17.38
Current: 7.79
During the past 13 years, MDU Resources Group's highest Return-on-Tangible-Equity was 17.38%. The lowest was 3.75%. And the median was 14.73%.
MEX:MDU's Return-on-Tangible-Equity is ranked worse than 65.52% of 496
companies
in the Utilities - Regulated industry
Industry Median: 10.935
vs MEX:MDU: 7.79
MDU Resources Group (MEX:MDU) 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.
MDU Resources Group Return-on-Tangible-Equity Related Terms
MDU Resources Group Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for MDU Resources Group'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.
MDU Resources Group Return-on-Tangible-Equity Chart
MEX:MDU vs SR, OGS, BKH: Return-on-Tangible-Equity Comparison
For the Utilities - Regulated Gas subindustry, MDU Resources Group'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.
MDU Resources Group Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, MDU Resources Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where MDU Resources Group'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 12.98% mean?
MDU Resources Group (MEX:MDU) has a Return-on-Tangible-Equity of 12.98% 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 MDU Resources Group and its competitors. This is 12% below median its historical median of 14.73. Over the past decade, MDU Resources Group's Return-on-Tangible-Equity has ranged from 3.75 to 17.38. According to the industry distribution chart, MDU Resources Group ranks #325 out of 496 companies in the Utilities - Regulated industry, placing it in the top 65.5%.
Is MDU Resources Group's Return-on-Tangible-Equity too high?
MDU Resources Group's current Return-on-Tangible-Equity of 12.98% is 12% below median its 10-year median of 14.73. Over the past 10 years, this metric has ranged from a low of 3.75 to a high of 17.38. The Utilities - Regulated industry median Return-on-Tangible-Equity is 10.94. MDU Resources Group's value of 12.98% is 18.7% above this industry median. Based on the distribution chart, MDU Resources Group ranks #325 out of 496 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, MDU Resources Group has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does MDU Resources Group's Return-on-Tangible-Equity compare to SR and OGS?
According to the Utilities - Regulated industry distribution chart, MDU Resources Group ranks #325 out of 496 companies for Return-on-Tangible-Equity. This places MDU Resources Group in the lower half of its industry. The industry median Return-on-Tangible-Equity is 10.94. MDU Resources Group's value of 12.98% is 18.7% above this benchmark. Historically, MDU Resources Group's own Return-on-Tangible-Equity has ranged from 3.75 to 17.38 over the past decade. While the company's 10-year median is 14.73 vs. the industry median of 10.94, MDU Resources Group 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 an Utilities - Regulated company?
The median Return-on-Tangible-Equity among Utilities - Regulated companies is 10.94, based on 496 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. MDU Resources Group's current Return-on-Tangible-Equity of 12.98% is 18.7% 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 MDU Resources Group and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Equity is 10.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MDU Resources Group's current Return-on-Tangible-Equity is 12.98%, which is 12% below median its own 10-year median of 14.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MDU Resources Group stock overvalued right now?
MDU Resources Group (MEX:MDU) has a current Return-on-Tangible-Equity of 12.98%. The stock's GF Value™ is MXN269.11, compared to a current price of MXN319.00 — trading 18.5% above its estimated fair value. The current Return-on-Tangible-Equity is 12.98%, which is 12% below median its 10-year median of 14.73 and 18.7% above the Utilities - Regulated industry median of 10.94. MDU Resources Group's overall GF Score™ is 74/100 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 MDU Resources Group (MEX:MDU), the current Return-on-Tangible-Equity is 12.98% 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 MDU Resources Group (MEX:MDU) Overvalued in 2026?
Based on GuruFocus' analysis, MDU Resources Group stock appears to be overvalued.
The current stock price of MXN319.00 is trading 18.5% above its estimated GF Value™ of MXN269.11.
Key valuation signals for MEX:MDU:
Return-on-Tangible-Equity: 12.98% (12% below median its 10-year median of 14.73)
GF Value™: MXN269.11 vs. price of MXN319.00 (18.5% above fair value)
Industry Position: 18.7% above the Utilities - Regulated median (#325 of 496)
No single metric tells the full story. See the MEX:MDU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MDU Resources Group Inc is a pure-play regulated energy delivery business. It is organized into three reportable business segments: Electric, Natural Gas Distribution, and Pipeline. Maximum revenue is generated from the Pipeline segment, which provides natural gas transportation and underground storage services through a FERC-regulated pipeline system mainly in the Rocky Mountain and northern Great Plains regions of the United States. This segment also provides non-regulated energy-related services, including cathodic protection. The electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming, and the natural gas distribution segment distributes natural gas in those states, as well as in Idaho, Minnesota, Oregon, and Washington.
74GF Score
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