Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Max StockXTAE:MAXO +3.37%75 Return-on-Tangible-Equity is 49.36% as of Jun. 2026, which is 8% above its 10-year median of 45.57. GuruFocus rates XTAE:MAXO with a GF Score™ of 75/100 and a GF Value™ of ₪15.31 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 298 Retail - Defensive companies, Max Stock ranks better than 86.58% 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. Max Stock's annualized net income for the quarter that ended in Jun. 2026 was ₪130 Mil. Max Stock's average shareholder tangible equity for the quarter that ended in Jun. 2026 was ₪264 Mil. Therefore, Max Stock's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 49.36%.
The historical rank and industry rank for Max Stock's Return-on-Tangible-Equity or its related term are showing as below:
XTAE:MAXO'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 34.1 Med: 45.57 Max: 57.34
Current: 57.34
During the past 9 years, Max Stock's highest Return-on-Tangible-Equity was 57.34%. The lowest was 34.10%. And the median was 45.57%.
XTAE:MAXO's Return-on-Tangible-Equity is ranked better than 86.58% of 298
companies
in the Retail - Defensive industry
Industry Median: 11.305
vs XTAE:MAXO: 57.34
Max Stock (XTAE:MAXO) 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.
Max Stock Return-on-Tangible-Equity Related Terms
Max Stock Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Max Stock'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.
XTAE:MAXO vs WMT, COST, TGT: Return-on-Tangible-Equity Comparison
For the Discount Stores subindustry, Max Stock'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.
Max Stock Return-on-Tangible-Equity vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Max Stock's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Max Stock'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 (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 49.36% mean?
Max Stock (XTAE:MAXO) has a Return-on-Tangible-Equity of 49.36% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Max Stock and its competitors. This is near median its historical median of 45.57. Over the past decade, Max Stock's Return-on-Tangible-Equity has ranged from 34.10 to 57.34. According to the industry distribution chart, Max Stock ranks #40 out of 298 companies in the Retail - Defensive industry, placing it in the top 13.4%.
Is Max Stock's Return-on-Tangible-Equity too high?
Max Stock's current Return-on-Tangible-Equity of 49.36% is near median its 10-year median of 45.57. Over the past 10 years, this metric has ranged from a low of 34.10 to a high of 57.34. The Retail - Defensive industry median Return-on-Tangible-Equity is 11.31. Max Stock's value of 49.36% is 336.6% above this industry median. Based on the distribution chart, Max Stock ranks #40 out of 298 companies in the Retail - Defensive industry, which is in the top quartile — a strong position relative to peers. Overall, Max Stock has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Max Stock's Return-on-Tangible-Equity compare to WMT and COST?
According to the Retail - Defensive industry distribution chart, Max Stock ranks #40 out of 298 companies for Return-on-Tangible-Equity. This places Max Stock in the top 13% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 11.31. Max Stock's value of 49.36% is 336.6% above this benchmark. Historically, Max Stock's own Return-on-Tangible-Equity has ranged from 34.10 to 57.34 over the past decade. While the company's 10-year median is 45.57 vs. the industry median of 11.31, Max Stock 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 Retail - Defensive company?
The median Return-on-Tangible-Equity among Retail - Defensive companies is 11.31, based on 298 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. Max Stock's current Return-on-Tangible-Equity of 49.36% is 336.6% 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 Max Stock and its competitors. For the Retail - Defensive industry, the median Return-on-Tangible-Equity is 11.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Max Stock's current Return-on-Tangible-Equity is 49.36%, which is near median its own 10-year median of 45.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Max Stock stock overvalued right now?
Based on GuruFocus' analysis, Max Stock (XTAE:MAXO) is currently considered Significantly Overvalued. The stock's GF Value™ is ₪15.31, compared to a current price of ₪35.58 — trading 132.4% above its estimated fair value. The current Return-on-Tangible-Equity is 49.36%, which is near median its 10-year median of 45.57 and 336.6% above the Retail - Defensive industry median of 11.31. Max Stock's overall GF Score™ is 75/100 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 Max Stock (XTAE:MAXO), the current Return-on-Tangible-Equity is 49.36% as of Jun. 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 Max Stock (XTAE:MAXO) Overvalued in 2026?
Based on GuruFocus' analysis, Max Stock stock appears to be overvalued.
The current stock price of ₪35.58 is trading 132.4% above its estimated GF Value™ of ₪15.31.
GuruFocus considers Max Stock to be Significantly Overvalued.
Key valuation signals for XTAE:MAXO:
Return-on-Tangible-Equity: 49.36% (near median its 10-year median of 45.57)
GF Value™: ₪15.31 vs. price of ₪35.58 (132.4% above fair value)
Industry Position: 336.6% above the Retail - Defensive median (#40 of 298)
No single metric tells the full story. See the XTAE:MAXO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Max Stock Ltd operates a chain of departmental stores. The stores offer school supplies, tools and hardware, clothing items, toys, plasticware, gifts and accessories, baking utensils, furniture, home decor items, and other products.
75GF Score
Get the complete analysis for XTAE:MAXO
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
XTAE:MAXO has been successfully added to your 
