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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. Mortgage Oil's annualized net income for the quarter that ended in Jun. 2023 was $2.14 Mil. Mortgage Oil's average shareholder tangible equity for the quarter that ended in Jun. 2023 was $0.44 Mil. Therefore, Mortgage Oil's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2023 was 482.88%.
The historical rank and industry rank for Mortgage Oil's Return-on-Tangible-Equity or its related term are showing as below:
MGAG's Return-on-Tangible-Equity is not ranked *
in the Real Estate industry.
Industry Median: 4.44 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
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.
Mortgage Oil Return-on-Tangible-Equity Related Terms
Mortgage Oil Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Mortgage Oil'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.
MGAG vs AOXY, PACQF: Return-on-Tangible-Equity Comparison
For the Real Estate Services subindustry, Mortgage Oil'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.
Mortgage Oil Return-on-Tangible-Equity vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Mortgage Oil's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Mortgage Oil'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 (Jun. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 482.88% mean?
Mortgage Oil (MGAG) has a Return-on-Tangible-Equity of 482.88% as of Jun. 2023. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Mortgage Oil and its competitors.
Is Mortgage Oil's Return-on-Tangible-Equity too high?
Mortgage Oil's current Return-on-Tangible-Equity is 482.88%. The Real Estate industry median Return-on-Tangible-Equity is 4.44. Mortgage Oil's value of 482.88% is 10775.7% above this industry median. Overall, Mortgage Oil has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Mortgage Oil's Return-on-Tangible-Equity compare to AOXY and PACQF?
Mortgage Oil's Return-on-Tangible-Equity of 482.88% can be compared against companies in the Real Estate industry. The industry median Return-on-Tangible-Equity is 4.44. Mortgage Oil's value of 482.88% is 10775.7% above this benchmark. 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 4.44, based on 1,717 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. Mortgage Oil's current Return-on-Tangible-Equity of 482.88% is 10775.7% 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 Mortgage Oil and its competitors. For the Real Estate industry, the median Return-on-Tangible-Equity is 4.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mortgage Oil's current Return-on-Tangible-Equity is 482.88%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mortgage Oil stock overvalued right now?
Mortgage Oil (MGAG) has a current Return-on-Tangible-Equity of 482.88%. The current Return-on-Tangible-Equity is 482.88% and 10775.7% above the Real Estate industry median of 4.44. Mortgage Oil's overall GF Score™ is 12/100. 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 Mortgage Oil (MGAG), the current Return-on-Tangible-Equity is 482.88% as of Jun. 2023. 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.
Address400 South Hope Street, Suite 1100, Los Angeles, CA, USA, 90071
Mortgage Oil Corp invests in limited partnerships and limited liability companies owning multi-family residential apartment complexes and industrial real estate in the United States. The organization also invests in limited liability companies owning private equity investments.
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