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MacrogenicsMGNX +8.72%48 Return-on-Tangible-Equity is -383.12% as of Mar. 2026. GuruFocus rates MGNX with a GF Score™ of 48/100 and a GF Value™ of $4.10 (Fairly Valued). The stock has 8 warning signs investors should review. Among 1,200 Biotechnology companies, Macrogenics ranks worse than 78.92% 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. Macrogenics's annualized net income for the quarter that ended in Mar. 2026 was $-147.1 Mil. Macrogenics's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $38.4 Mil. Therefore, Macrogenics's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -383.12%.
The historical rank and industry rank for Macrogenics's Return-on-Tangible-Equity or its related term are showing as below:
MGNX'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -130.52 Med: -56.31 Max: -6.15
Current: -130.52
During the past 13 years, Macrogenics's highest Return-on-Tangible-Equity was -6.15%. The lowest was -130.52%. And the median was -56.31%.
MGNX's Return-on-Tangible-Equity is ranked worse than 78.92% of 1200
companies
in the Biotechnology industry
Industry Median: -42.435
vs MGNX: -130.52
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.
Macrogenics Return-on-Tangible-Equity Related Terms
Macrogenics Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Macrogenics'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.
MGNX vs IMRX, TRDA, SLNCF: Return-on-Tangible-Equity Comparison
For the Biotechnology subindustry, Macrogenics'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.
Macrogenics Return-on-Tangible-Equity vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Macrogenics's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Macrogenics'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 -383.12% mean?
Macrogenics (MGNX) has a Return-on-Tangible-Equity of -383.12% 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 Macrogenics and its competitors. According to the industry distribution chart, Macrogenics ranks #947 out of 1200 companies in the Biotechnology industry, placing it in the top 78.9%.
Is Macrogenics' Return-on-Tangible-Equity too high?
Macrogenics' current Return-on-Tangible-Equity is -383.12%. Based on the distribution chart, Macrogenics ranks #947 out of 1200 companies in the Biotechnology industry, which is in the bottom quartile relative to peers. Overall, Macrogenics has a GF Score™ of 48/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Macrogenics' Return-on-Tangible-Equity compare to IMRX and TRDA?
According to the Biotechnology industry distribution chart, Macrogenics ranks #947 out of 1200 companies for Return-on-Tangible-Equity. This places Macrogenics in the lower half of its industry. 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 Biotechnology company?
A good Return-on-Tangible-Equity depends on the Biotechnology industry context. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 Macrogenics and its competitors. Macrogenics's current Return-on-Tangible-Equity is -383.12%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Macrogenics stock overvalued right now?
Based on GuruFocus' analysis, Macrogenics (MGNX) is currently considered Fairly Valued. The stock's GF Value™ is $4.10, compared to a current price of $4.49 — trading 9.5% above its estimated fair value. The current Return-on-Tangible-Equity is -383.12%. Macrogenics' overall GF Score™ is 48/100 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 Macrogenics (MGNX), the current Return-on-Tangible-Equity is -383.12% 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 Macrogenics (MGNX) Overvalued in 2026?
Based on GuruFocus' analysis, Macrogenics stock appears to be overvalued.
The current stock price of $4.49 is trading 9.5% above its estimated GF Value™ of $4.10.
GuruFocus considers Macrogenics to be Fairly Valued.
Key valuation signals for MGNX:
Return-on-Tangible-Equity: -383.12%
GF Value™: $4.10 vs. price of $4.49 (9.5% above fair value)
No single metric tells the full story. See the MGNX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Macrogenics Inc is a clinical-stage biopharmaceutical company focused on developing antibody-based therapeutics for the treatment of cancer. The company is currently developing therapeutics utilizing multiple modalities, including antibody-drug conjugates (ADCs) and multi-specific antibodies (which it refers to as DART and TRIDENT molecules). It is advancing three proprietary product candidates in clinical development: lorigerlimab, a bispecific DART molecule that targets checkpoint inhibitors PD-1 and CTLA-4; MGC026, an ADC that targets B7-H3 and delivers a novel topoisomerase I inhibitor (TOP1i)-based linker-payload, and MGC028, an ADC that targets ADAM9 and delivers a novel TOP1i-based linker-payload. Its segment is developing and commercializing monoclonal antibody-based therapeutics.
48GF Score
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