Muza (STU:M9Z) Return-on-Tangible-Equity: 6.94% (As of Mar. 2026) — Near Median

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STU:M9Z Muza SA STU:M9Z
81 GF Score
Price €2.06
GF Value €2.41
! 5 Warning Signs
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What is Muza Return-on-Tangible-Equity?

Muza STU:M9Z 81 Return-on-Tangible-Equity is 6.94% as of Mar. 2026, which is 7% below its 10-year median of 7.47. GuruFocus rates STU:M9Z with a GF Score™ of 81/100 and a GF Value™ of €2.41. The stock has 5 warning signs investors should review. Among 863 Media - Diversified companies, Muza ranks better than 63.62% 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. Muza's annualized net income for the quarter that ended in Mar. 2026 was €0.52 Mil. Muza's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €7.55 Mil. Therefore, Muza's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 6.94%.

The historical rank and industry rank for Muza's Return-on-Tangible-Equity or its related term are showing as below:

STU:M9Z' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -4.09   Med: 7.47   Max: 54.18
Current: 10.07

During the past 13 years, Muza's highest Return-on-Tangible-Equity was 54.18%. The lowest was -4.09%. And the median was 7.47%.

STU:M9Z's Return-on-Tangible-Equity is ranked better than
63.62% of 863 companies
in the Media - Diversified industry
Industry Median: 5.46 vs STU:M9Z: 10.07

Muza  (STU:M9Z) 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.


Muza Return-on-Tangible-Equity Related Terms


Muza Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Muza'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.

Muza Return-on-Tangible-Equity Chart

Muza Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.45 17.46 54.18 14.71 8.31

Muza Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.52 3.30 -1.27 31.00 6.94

STU:M9Z vs NYT, WLY: Return-on-Tangible-Equity Comparison

For the Publishing subindustry, Muza'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.


Muza Return-on-Tangible-Equity vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Muza's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Muza's Return-on-Tangible-Equity falls into.


STU:M9Z
81GF Score
Muza SA STU:M9Z
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Muza Return-on-Tangible-Equity Calculation

Muza's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=0.601/( (7.032+7.439 )/ 2 )
=0.601/7.2355
=8.31 %

Muza's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=0.524/( (7.439+7.668)/ 2 )
=0.524/7.5535
=6.94 %

* 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 6.94% mean?
Muza (STU:M9Z) has a Return-on-Tangible-Equity of 6.94% 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 Muza and its competitors. This is near median its historical median of 7.47. According to the industry distribution chart, Muza ranks #314 out of 863 companies in the Media - Diversified industry, placing it in the top 36.4%.
Is Muza's Return-on-Tangible-Equity too high?
Muza's current Return-on-Tangible-Equity of 6.94% is near median its 10-year median of 7.47. The Media - Diversified industry median Return-on-Tangible-Equity is 5.46. Muza's value of 6.94% is 27.1% above this industry median. Based on the distribution chart, Muza ranks #314 out of 863 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Muza has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Muza's Return-on-Tangible-Equity compare to NYT and WLY?
According to the Media - Diversified industry distribution chart, Muza ranks #314 out of 863 companies for Return-on-Tangible-Equity. This puts Muza in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.46. Muza's value of 6.94% is 27.1% above this benchmark. While the company's 10-year median is 7.47 vs. the industry median of 5.46, Muza 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 Media - Diversified company?
The median Return-on-Tangible-Equity among Media - Diversified companies is 5.46, based on 863 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. Muza's current Return-on-Tangible-Equity of 6.94% is 27.1% 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 Muza and its competitors. For the Media - Diversified industry, the median Return-on-Tangible-Equity is 5.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Muza's current Return-on-Tangible-Equity is 6.94%, which is near median its own 10-year median of 7.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Muza stock overvalued right now?
Muza (STU:M9Z) has a current Return-on-Tangible-Equity of 6.94%. The stock's GF Value™ is €2.41, compared to a current price of €2.06 — trading 14.5% below its estimated fair value. The current Return-on-Tangible-Equity is 6.94%, which is near median its 10-year median of 7.47 and 27.1% above the Media - Diversified industry median of 5.46. Muza's overall GF Score™ is 81/100 with 5 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 Muza (STU:M9Z), the current Return-on-Tangible-Equity is 6.94% 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 Muza (STU:M9Z) Overvalued in 2026?

Based on GuruFocus' analysis, Muza stock appears to be undervalued. The current stock price of €2.06 is trading 14.5% below its estimated GF Value™ of €2.41.

Key valuation signals for STU:M9Z:

  • Return-on-Tangible-Equity: 6.94% (near median its 10-year median of 7.47)
  • GF Value™: €2.41 vs. price of €2.06 (14.5% below fair value)
  • GF Score™: 81/100 with 5 warning signs
  • Industry Position: 27.1% above the Media - Diversified median (#314 of 863)

No single metric tells the full story. See the STU:M9Z stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Muza Business Description

Other Exchanges MZA:Poland
Address ul. Sienna 73, Warszawa, POL, 00-833
Muza SA together with its subsidiaries, engaged in the printing and publishing of books in Poland. The company is also engaged in trading and distribution of printed products, printing, and other media.
81GF Score

Get the complete analysis for STU:M9Z

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€2.06
Price
€2.41
GF Value