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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. Makstil AD's annualized net income for the quarter that ended in Dec. 2025 was MKD0 Mil. Makstil AD's average shareholder tangible equity for the quarter that ended in Dec. 2025 was MKD4,283 Mil. Therefore, Makstil AD's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 0.00%.
The historical rank and industry rank for Makstil AD's Return-on-Tangible-Equity or its related term are showing as below:
XMAE:STIL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -0.99 Med: 7.02 Max: 49.7
Current: 10.63
During the past 13 years, Makstil AD's highest Return-on-Tangible-Equity was 49.70%. The lowest was -0.99%. And the median was 7.02%.
XMAE:STIL's Return-on-Tangible-Equity is ranked better than 76.46% of 616
companies
in the Steel industry
Industry Median: 4.13
vs XMAE:STIL: 10.63
Makstil AD (XMAE:STIL) 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.
Makstil AD Return-on-Tangible-Equity Related Terms
Makstil AD Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Makstil AD'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.
XMAE:STIL vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, Makstil AD'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.
Makstil AD Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Makstil AD's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Makstil AD'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 (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 0.00% mean?
Makstil AD (XMAE:STIL) has a Return-on-Tangible-Equity of 0.00% 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 Makstil AD and its competitors. According to the industry distribution chart, Makstil AD ranks #145 out of 616 companies in the Steel industry, placing it in the top 23.5%.
Is Makstil AD's Return-on-Tangible-Equity too high?
Makstil AD's current Return-on-Tangible-Equity is 0.00%. Based on the distribution chart, Makstil AD ranks #145 out of 616 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Makstil AD has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Makstil AD's Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Makstil AD ranks #145 out of 616 companies for Return-on-Tangible-Equity. This places Makstil AD in the top 24% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.13. 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 Steel company?
The median Return-on-Tangible-Equity among Steel companies is 4.13, based on 616 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. 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 Makstil AD and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 4.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Makstil AD's current Return-on-Tangible-Equity is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Makstil AD stock overvalued right now?
Based on GuruFocus' analysis, Makstil AD (XMAE:STIL) is currently considered Fairly Valued. The stock's GF Value™ is MKD107.98, compared to a current price of MKD119.00 — trading 10.2% above its estimated fair value. The current Return-on-Tangible-Equity is 0.00%. Makstil AD's overall GF Score™ is 74/100 with 4 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 Makstil AD (XMAE:STIL), the current Return-on-Tangible-Equity is 0.00% 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 Makstil AD (XMAE:STIL) Overvalued in 2026?
Based on GuruFocus' analysis, Makstil AD stock appears to be overvalued.
The current stock price of MKD119.00 is trading 10.2% above its estimated GF Value™ of MKD107.98.
GuruFocus considers Makstil AD to be Fairly Valued.
Key valuation signals for XMAE:STIL:
Return-on-Tangible-Equity: 0.00%
GF Value™: MKD107.98 vs. price of MKD119.00 (10.2% above fair value)
No single metric tells the full story. See the XMAE:STIL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Makstil AD is a producer of hot-rolled heavy plates in the Balkan region. The company produces flat-rolled products such as hot rolled plates, hot rolled coils, cold rolled strips and sheets, galvanized strips and sheets and pre-painted coated strips.
74GF Score
Get the complete analysis for XMAE:STIL
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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