MMGMMLTF -2.68%64 Return-on-Tangible-Equity is 12.06% as of Dec. 2025, which is 26% above its 10-year median of 9.54. GuruFocus rates MMLTF with a GF Score™ of 64/100 and a GF Value™ of $0.48 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,378 Metals & Mining companies, MMG ranks better than 87.8% 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. MMG's annualized net income for the quarter that ended in Dec. 2025 was $339 Mil. MMG's average shareholder tangible equity for the quarter that ended in Dec. 2025 was $2,810 Mil. Therefore, MMG's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 12.06%.
The historical rank and industry rank for MMG's Return-on-Tangible-Equity or its related term are showing as below:
MMLTF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -68.19 Med: 9.54 Max: 74.92
Current: 19.18
During the past 13 years, MMG's highest Return-on-Tangible-Equity was 74.92%. The lowest was -68.19%. And the median was 9.54%.
MMLTF's Return-on-Tangible-Equity is ranked better than 87.8% of 2378
companies
in the Metals & Mining industry
Industry Median: -16.28
vs MMLTF: 19.18
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.
MMG Return-on-Tangible-Equity Related Terms
MMG Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for MMG'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.
MMLTF vs SCCO, FCX: Return-on-Tangible-Equity Comparison
For the Copper subindustry, MMG'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.
MMG Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, MMG's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where MMG'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 12.06% mean?
MMG (MMLTF) has a Return-on-Tangible-Equity of 12.06% 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 MMG and its competitors. This is 26% above median its historical median of 9.54. According to the industry distribution chart, MMG ranks #290 out of 2378 companies in the Metals & Mining industry, placing it in the top 12.2%.
Is MMG's Return-on-Tangible-Equity too high?
MMG's current Return-on-Tangible-Equity of 12.06% is 26% above median its 10-year median of 9.54. Based on the distribution chart, MMG ranks #290 out of 2378 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, MMG has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MMG's Return-on-Tangible-Equity compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, MMG ranks #290 out of 2378 companies for Return-on-Tangible-Equity. This places MMG in the top 12% of its industry — outperforming the majority of peers. 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 Metals & Mining company?
A good Return-on-Tangible-Equity depends on the Metals & Mining 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 MMG and its competitors. MMG's current Return-on-Tangible-Equity is 12.06%, which is 26% above median its own 10-year median of 9.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MMG stock overvalued right now?
Based on GuruFocus' analysis, MMG (MMLTF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.48, compared to a current price of $0.89 — trading 85.4% above its estimated fair value. The current Return-on-Tangible-Equity is 12.06%, which is 26% above median its 10-year median of 9.54. MMG's overall GF Score™ is 64/100 with 2 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 MMG (MMLTF), the current Return-on-Tangible-Equity is 12.06% 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 MMG (MMLTF) Overvalued in 2026?
Based on GuruFocus' analysis, MMG stock appears to be overvalued.
The current stock price of $0.89 is trading 85.4% above its estimated GF Value™ of $0.48.
GuruFocus considers MMG to be Significantly Overvalued.
Key valuation signals for MMLTF:
Return-on-Tangible-Equity: 12.06% (26% above median its 10-year median of 9.54)
GF Value™: $0.48 vs. price of $0.89 (85.4% above fair value)
No single metric tells the full story. See the MMLTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MMG Ltd is engaged in the exploration, development, and mining of zinc, copper, cobalt, gold, silver, molybdenum, and lead deposits around the world. The group has five reportable operating segments namely Dugald River, Kinsevere, Rosebery, Las Bambas, Khoemacau, Rosebery, and others. The company derives maximum revenue from Las Bambas mine, which is an open-pit, scalable, long-life copper and molybdenum mining operation located in the Cotabambas, Apurimac region of Peru.
64GF Score
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