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Muscat City Desalination CoOGMUS:MCDE Return-on-Tangible-Equity is 9.76% as of Mar. 2026, which is 5% below its 10-year median of 10.30. The stock has 3 warning signs investors should review. Among 498 Utilities - Regulated companies, Muscat City Desalination CoOG ranks worse than 54.22% 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. Muscat City Desalination CoOG's annualized net income for the quarter that ended in Mar. 2026 was ر.ع2.56 Mil. Muscat City Desalination CoOG's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ر.ع26.20 Mil. Therefore, Muscat City Desalination CoOG's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 9.76%.
The historical rank and industry rank for Muscat City Desalination CoOG's Return-on-Tangible-Equity or its related term are showing as below:
MUS:MCDE'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1.88 Med: 10.3 Max: 15.37
Current: 9.89
During the past 9 years, Muscat City Desalination CoOG's highest Return-on-Tangible-Equity was 15.37%. The lowest was -1.88%. And the median was 10.30%.
MUS:MCDE's Return-on-Tangible-Equity is ranked worse than 54.22% of 498
companies
in the Utilities - Regulated industry
Industry Median: 10.91
vs MUS:MCDE: 9.89
Muscat City Desalination CoOG (MUS:MCDE) 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.
Muscat City Desalination CoOG Return-on-Tangible-Equity Related Terms
Muscat City Desalination CoOG Return-on-Tangible-Equity Historical Data
* 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.
Muscat City Desalination CoOG Return-on-Tangible-Equity Chart
MUS:MCDE vs AWK, WTRG, AWR: Return-on-Tangible-Equity Comparison
For the Utilities - Regulated Water subindustry, Muscat City Desalination CoOG'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.
Muscat City Desalination CoOG Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Muscat City Desalination CoOG's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Muscat City Desalination CoOG'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 9.76% mean?
Muscat City Desalination CoOG (MUS:MCDE) has a Return-on-Tangible-Equity of 9.76% 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 Muscat City Desalination CoOG and its competitors. This is near median its historical median of 10.30. According to the industry distribution chart, Muscat City Desalination CoOG ranks #270 out of 498 companies in the Utilities - Regulated industry, placing it in the top 54.2%.
Is Muscat City Desalination CoOG's Return-on-Tangible-Equity too high?
Muscat City Desalination CoOG's current Return-on-Tangible-Equity of 9.76% is near median its 10-year median of 10.30. The Utilities - Regulated industry median Return-on-Tangible-Equity is 10.91. Muscat City Desalination CoOG's value of 9.76% is 10.5% below this industry median. Based on the distribution chart, Muscat City Desalination CoOG ranks #270 out of 498 companies in the Utilities - Regulated industry, which is below the industry midpoint.
How does Muscat City Desalination CoOG's Return-on-Tangible-Equity compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, Muscat City Desalination CoOG ranks #270 out of 498 companies for Return-on-Tangible-Equity. This places Muscat City Desalination CoOG in the lower half of its industry. The industry median Return-on-Tangible-Equity is 10.91. Muscat City Desalination CoOG's value of 9.76% is 10.5% below this benchmark. While the company's 10-year median is 10.30 vs. the industry median of 10.91, Muscat City Desalination CoOG has consistently been below 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 10.91, based on 498 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. Muscat City Desalination CoOG's current Return-on-Tangible-Equity of 9.76% is 10.5% below 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 Muscat City Desalination CoOG and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Equity is 10.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Muscat City Desalination CoOG's current Return-on-Tangible-Equity is 9.76%, which is near median its own 10-year median of 10.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Muscat City Desalination CoOG stock overvalued right now?
Based on GuruFocus' analysis, Muscat City Desalination CoOG (MUS:MCDE) is currently considered Modestly Overvalued. The stock's GF Value™ is ر.ع0.07, compared to a current price of ر.ع0.09 — trading 28.6% above its estimated fair value. The current Return-on-Tangible-Equity is 9.76%, which is near median its 10-year median of 10.30 and 10.5% below the Utilities - Regulated industry median of 10.91. 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 Muscat City Desalination CoOG (MUS:MCDE), the current Return-on-Tangible-Equity is 9.76% 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.
Muscat City Desalination CoOG Business Description
Muscat City Desalination Co SAOG is engaged in owning, developing, and operating water projects and selling desalinated water. The company focuses on providing clean drinking water by operating Al Ghubrah independent water project. Water sales take place in the Sultanate of Oman. The Company's revenue stream comprises water capacity investment charge, water capacity operation and maintenance charge, water output operation and maintenance charge, and electricity charges.
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