Russel MetalsRUSMF 79 Return-on-Tangible-Equity is 19.35% as of Mar. 2026, which is 37% above its 10-year median of 14.08. GuruFocus rates RUSMF with a GF Score™ of 79/100 and a GF Value™ of $35.31 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 153 Industrial Distribution companies, Russel Metals ranks better than 62.09% 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. Russel Metals's annualized net income for the quarter that ended in Mar. 2026 was $209 Mil. Russel Metals's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $1,082 Mil. Therefore, Russel Metals's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 19.35%.
The historical rank and industry rank for Russel Metals's Return-on-Tangible-Equity or its related term are showing as below:
RUSMF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.14 Med: 14.08 Max: 46.19
Current: 13.27
During the past 13 years, Russel Metals's highest Return-on-Tangible-Equity was 46.19%. The lowest was 3.14%. And the median was 14.08%.
RUSMF's Return-on-Tangible-Equity is ranked better than 62.09% of 153
companies
in the Industrial Distribution industry
Industry Median: 8.96
vs RUSMF: 13.27
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.
Russel Metals Return-on-Tangible-Equity Related Terms
Russel Metals Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Russel Metals'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.
RUSMF vs GWW, FAST, FERG: Return-on-Tangible-Equity Comparison
For the Industrial Distribution subindustry, Russel Metals'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.
Russel Metals Return-on-Tangible-Equity vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Russel Metals's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Russel Metals'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 19.35% mean?
Russel Metals (RUSMF) has a Return-on-Tangible-Equity of 19.35% 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 Russel Metals and its competitors. This is 37% above median its historical median of 14.08. Over the past decade, Russel Metals' Return-on-Tangible-Equity has ranged from 3.14 to 46.19. According to the industry distribution chart, Russel Metals ranks #58 out of 153 companies in the Industrial Distribution industry, placing it in the top 37.9%.
Is Russel Metals' Return-on-Tangible-Equity too high?
Russel Metals' current Return-on-Tangible-Equity of 19.35% is 37% above median its 10-year median of 14.08. Over the past 10 years, this metric has ranged from a low of 3.14 to a high of 46.19. The Industrial Distribution industry median Return-on-Tangible-Equity is 8.96. Russel Metals' value of 19.35% is 116% above this industry median. Based on the distribution chart, Russel Metals ranks #58 out of 153 companies in the Industrial Distribution industry, which is above the industry midpoint. Overall, Russel Metals has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Russel Metals' Return-on-Tangible-Equity compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Russel Metals ranks #58 out of 153 companies for Return-on-Tangible-Equity. This puts Russel Metals in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.96. Russel Metals' value of 19.35% is 116% above this benchmark. Historically, Russel Metals' own Return-on-Tangible-Equity has ranged from 3.14 to 46.19 over the past decade. While the company's 10-year median is 14.08 vs. the industry median of 8.96, Russel Metals 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 an Industrial Distribution company?
The median Return-on-Tangible-Equity among Industrial Distribution companies is 8.96, based on 153 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. Russel Metals's current Return-on-Tangible-Equity of 19.35% is 116% 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 Russel Metals and its competitors. For the Industrial Distribution industry, the median Return-on-Tangible-Equity is 8.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Russel Metals's current Return-on-Tangible-Equity is 19.35%, which is 37% above median its own 10-year median of 14.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Russel Metals stock overvalued right now?
Based on GuruFocus' analysis, Russel Metals (RUSMF) is currently considered Modestly Overvalued. The stock's GF Value™ is $35.31, compared to a current price of $42.07 — trading 19.1% above its estimated fair value. The current Return-on-Tangible-Equity is 19.35%, which is 37% above median its 10-year median of 14.08 and 116% above the Industrial Distribution industry median of 8.96. Russel Metals' overall GF Score™ is 79/100 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 Russel Metals (RUSMF), the current Return-on-Tangible-Equity is 19.35% 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 Russel Metals (RUSMF) Overvalued in 2026?
Based on GuruFocus' analysis, Russel Metals stock appears to be overvalued.
The current stock price of $42.07 is trading 19.1% above its estimated GF Value™ of $35.31.
GuruFocus considers Russel Metals to be Modestly Overvalued.
Key valuation signals for RUSMF:
Return-on-Tangible-Equity: 19.35% (37% above median its 10-year median of 14.08)
GF Value™: $35.31 vs. price of $42.07 (19.1% above fair value)
Industry Position: 116% above the Industrial Distribution median (#58 of 153)
No single metric tells the full story. See the RUSMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Russel Metals Inc is a Canada-based metal distribution company. The company conducts business in Canada and the U.S. in three operating and reportable segments: Metals Service Centers, Energy Field Stores, and Steel Distributors. The majority of its revenue is generated from the Metals Service Centers segment, which carries an extensive line of metal products in a wide range of sizes, shapes, and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum, and other non-ferrous specialty metals. It purchases these products mainly from North American steel producers, processes, packages, and sells them to end users in accordance with their specific needs. Geographically, the company generates maximum revenue from Canada.
79GF Score
Get the complete analysis for RUSMF
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
RUSMF has been successfully added to your 
