McMillan ShakespeareFRA:NMN +0.87%74 ROA % is 6.51% as of Dec. 2025, which is 9% below its 10-year median of 7.15. GuruFocus rates FRA:NMN with a GF Score™ of 74/100 and a GF Value™ of €15.08 (Modestly Undervalued). The stock has 13 warning signs investors should review. Among 1,096 Business Services companies, McMillan Shakespeare ranks better than 69.34% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. McMillan Shakespeare's annualizedNet Income for the quarter that ended in Dec. 2025 was €56.1 Mil.
McMillan Shakespeare's average Total Assets over the quarter that ended in Dec. 2025 was €862.2 Mil. Therefore, McMillan Shakespeare's annualized ROA % for the quarter that ended in Dec. 2025 was 6.51%.
The historical rank and industry rank for McMillan Shakespeare's ROA % or its related term are showing as below:
FRA:NMN'
s ROA % Range Over the Past 10 Years
Min: 0.17 Med: 7.15 Max: 11.15
Current: 6.65
During the past 13 years, McMillan Shakespeare's highest ROA % was 11.15%. The lowest was 0.17%. And the median was 7.15%.
FRA:NMN's ROA % is ranked better than 69.34% of 1096
companies
in the Business Services industry
Industry Median: 3.455
vs FRA:NMN: 6.65
McMillan Shakespeare (FRA:NMN) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) revenue 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
* 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.
For the Staffing & Employment Services subindustry, McMillan Shakespeare's ROA %, along with its competitors' market caps and ROA % 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.
McMillan Shakespeare ROA % vs Business Services Industry
For the Business Services industry and Industrials sector, McMillan Shakespeare's ROA % distribution charts can be found below:
* The bar in red indicates where McMillan Shakespeare's ROA % 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 ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Dec. 2025) net income data.
ROA % is displayed in the 30-year financial page.
McMillan Shakespeare (FRA:NMN) has a ROA % of 6.51% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on McMillan Shakespeare and its competitors. This is near median its historical median of 7.15. Over the past decade, McMillan Shakespeare's ROA % has ranged from 0.17 to 11.15. According to the industry distribution chart, McMillan Shakespeare ranks #336 out of 1096 companies in the Business Services industry, placing it in the top 30.7%.
Is McMillan Shakespeare's ROA % too high?
McMillan Shakespeare's current ROA % of 6.51% is near median its 10-year median of 7.15. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 11.15. The Business Services industry median ROA % is 3.46. McMillan Shakespeare's value of 6.51% is 88.4% above this industry median. Based on the distribution chart, McMillan Shakespeare ranks #336 out of 1096 companies in the Business Services industry, which is above the industry midpoint. Overall, McMillan Shakespeare has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does McMillan Shakespeare's ROA % compare to KFY and RHI?
According to the Business Services industry distribution chart, McMillan Shakespeare ranks #336 out of 1096 companies for ROA %. This puts McMillan Shakespeare in the upper half of its industry. The industry median ROA % is 3.46. McMillan Shakespeare's value of 6.51% is 88.4% above this benchmark. Historically, McMillan Shakespeare's own ROA % has ranged from 0.17 to 11.15 over the past decade. While the company's 10-year median is 7.15 vs. the industry median of 3.46, McMillan Shakespeare 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 ROA % for a Business Services company?
The median ROA % among Business Services companies is 3.46, based on 1,096 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. McMillan Shakespeare's current ROA % of 6.51% is 88.4% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on McMillan Shakespeare and its competitors. For the Business Services industry, the median ROA % is 3.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. McMillan Shakespeare's current ROA % is 6.51%, which is near median its own 10-year median of 7.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is McMillan Shakespeare stock overvalued right now?
Based on GuruFocus' analysis, McMillan Shakespeare (FRA:NMN) is currently considered Modestly Undervalued. The stock's GF Value™ is €15.08, compared to a current price of €11.60 — trading 23.1% below its estimated fair value. The current ROA % is 6.51%, which is near median its 10-year median of 7.15 and 88.4% above the Business Services industry median of 3.46. McMillan Shakespeare's overall GF Score™ is 74/100 with 13 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For McMillan Shakespeare (FRA:NMN), the current ROA % is 6.51% 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 McMillan Shakespeare (FRA:NMN) Overvalued in 2026?
Based on GuruFocus' analysis, McMillan Shakespeare stock appears to be undervalued.
The current stock price of €11.60 is trading 23.1% below its estimated GF Value™ of €15.08.
GuruFocus considers McMillan Shakespeare to be Modestly Undervalued.
Key valuation signals for FRA:NMN:
ROA %: 6.51% (near median its 10-year median of 7.15)
GF Value™: €15.08 vs. price of €11.60 (23.1% below fair value)
Industry Position: 88.4% above the Business Services median (#336 of 1096)
No single metric tells the full story. See the FRA:NMN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
McMillan Shakespeare is a provider of salary packaging, novated leasing, disability plan management and support co-ordination, and fleet management services. It actively works to cross-sell its products to clients, for example, selling its salary packaging services to its fleet management customers in Australia and New Zealand. McMillan dominates Australia's salary packaging market together with Smartgroup (also covered by Morningstar), and is also a large provider of novated leasing services by volumes—together with Smartgroup and SG Fleet. The group has three operating segments: group remuneration services, asset management services, and plan and support services. Most of the group's revenue is generated from the group remuneration services segment.
74GF Score
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