Mullen GroupMLLGF -2.28%78 Return-on-Tangible-Equity is 17.04% as of Mar. 2026, which is 28% above its 10-year median of 13.28. GuruFocus rates MLLGF with a GF Score™ of 78/100 and a GF Value™ of $11.78 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 975 Transportation companies, Mullen Group ranks better than 79.79% 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. Mullen Group's annualized net income for the quarter that ended in Mar. 2026 was $61 Mil. Mullen Group's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $360 Mil. Therefore, Mullen Group's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 17.04%.
The historical rank and industry rank for Mullen Group's Return-on-Tangible-Equity or its related term are showing as below:
MLLGF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -7.5 Med: 13.28 Max: 33.8
Current: 20.81
During the past 13 years, Mullen Group's highest Return-on-Tangible-Equity was 33.80%. The lowest was -7.50%. And the median was 13.28%.
MLLGF's Return-on-Tangible-Equity is ranked better than 79.79% of 975
companies
in the Transportation industry
Industry Median: 9
vs MLLGF: 20.81
Mullen Group (OTCPK:MLLGF) 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.
Mullen Group Return-on-Tangible-Equity Related Terms
Mullen Group Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Mullen 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.
MLLGF vs ODFL, XPO, KNX: Return-on-Tangible-Equity Comparison
For the Trucking subindustry, Mullen 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.
Mullen Group Return-on-Tangible-Equity vs Transportation Industry
For the Transportation industry and Industrials sector, Mullen Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Mullen 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 17.04% mean?
Mullen Group (MLLGF) has a Return-on-Tangible-Equity of 17.04% 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 Mullen Group and its competitors. This is 28% above median its historical median of 13.28. According to the industry distribution chart, Mullen Group ranks #197 out of 975 companies in the Transportation industry, placing it in the top 20.2%.
Is Mullen Group's Return-on-Tangible-Equity too high?
Mullen Group's current Return-on-Tangible-Equity of 17.04% is 28% above median its 10-year median of 13.28. The Transportation industry median Return-on-Tangible-Equity is 9.00. Mullen Group's value of 17.04% is 89.3% above this industry median. Based on the distribution chart, Mullen Group ranks #197 out of 975 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Mullen Group has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mullen Group's Return-on-Tangible-Equity compare to ODFL and XPO?
According to the Transportation industry distribution chart, Mullen Group ranks #197 out of 975 companies for Return-on-Tangible-Equity. This places Mullen Group in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 9.00. Mullen Group's value of 17.04% is 89.3% above this benchmark. While the company's 10-year median is 13.28 vs. the industry median of 9.00, Mullen 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 a Transportation company?
The median Return-on-Tangible-Equity among Transportation companies is 9.00, based on 975 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. Mullen Group's current Return-on-Tangible-Equity of 17.04% is 89.3% 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 Mullen Group and its competitors. For the Transportation industry, the median Return-on-Tangible-Equity is 9.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mullen Group's current Return-on-Tangible-Equity is 17.04%, which is 28% above median its own 10-year median of 13.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mullen Group stock overvalued right now?
Based on GuruFocus' analysis, Mullen Group (MLLGF) is currently considered Modestly Overvalued. The stock's GF Value™ is $11.78, compared to a current price of $15.02 — trading 27.5% above its estimated fair value. The current Return-on-Tangible-Equity is 17.04%, which is 28% above median its 10-year median of 13.28 and 89.3% above the Transportation industry median of 9.00. Mullen Group's overall GF Score™ is 78/100 with 10 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 Mullen Group (MLLGF), the current Return-on-Tangible-Equity is 17.04% 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 Mullen Group (MLLGF) Overvalued in 2026?
Based on GuruFocus' analysis, Mullen Group stock appears to be overvalued.
The current stock price of $15.02 is trading 27.5% above its estimated GF Value™ of $11.78.
GuruFocus considers Mullen Group to be Modestly Overvalued.
Key valuation signals for MLLGF:
Return-on-Tangible-Equity: 17.04% (28% above median its 10-year median of 13.28)
GF Value™: $11.78 vs. price of $15.02 (27.5% above fair value)
Industry Position: 89.3% above the Transportation median (#197 of 975)
No single metric tells the full story. See the MLLGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mullen Group Ltd is a logistics provider with a network of independently operated businesses providing a wide range of service offerings, including less-than-truckload, truckload, Specialized & Industrial Services, warehousing and logistics, U.S. and International Logistics, and Corporate. The segments of the company are Less-Than-Truckload, Logistics and Warehousing, Specialized and Industrial Services, U.S. and International Logistics, and Corporate segment. The company derives the majority of its revenue from the Less-Than-Truckload segment and geographical revenue from Canada. The company also provides a diverse set of specialized services related to the energy, mining, forestry, and construction industries in western Canada.
78GF Score
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