MLG OzASX:MLG -2.00%43 ROE % is 9.48% as of Dec. 2025, which is 8% above its 10-year median of 8.79. GuruFocus rates ASX:MLG with a GF Score™ of 43/100 and a GF Value™ of A$0.75 (Fairly Valued). The stock has 5 warning signs investors should review. Among 2,389 Metals & Mining companies, MLG Oz ranks better than 82.21% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. MLG Oz's annualized net income for the quarter that ended in Dec. 2025 was A$14.2 Mil. MLG Oz's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was A$149.3 Mil. Therefore, MLG Oz's annualized ROE % for the quarter that ended in Dec. 2025 was 9.48%.
The historical rank and industry rank for MLG Oz's ROE % or its related term are showing as below:
ASX:MLG'
s ROE % Range Over the Past 10 Years
Min: 0.69 Med: 8.79 Max: 10.91
Current: 10.45
During the past 5 years, MLG Oz's highest ROE % was 10.91%. The lowest was 0.69%. And the median was 8.79%.
ASX:MLG's ROE % is ranked better than 82.21% of 2389
companies
in the Metals & Mining industry
Industry Median: -16.02
vs ASX:MLG: 10.45
MLG Oz (ASX:MLG) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
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. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.
MLG Oz ROE % Related Terms
MLG Oz ROE % Historical Data
* Premium members only.
The historical data trend for MLG Oz's ROE % 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.
For the Other Industrial Metals & Mining subindustry, MLG Oz's ROE %, along with its competitors' market caps and ROE % 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.
MLG Oz ROE % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, MLG Oz's ROE % distribution charts can be found below:
* The bar in red indicates where MLG Oz's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder equity 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.
ROE % is displayed in the 30-year financial page.
MLG Oz (ASX:MLG) has a ROE % of 9.48% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on MLG Oz and its competitors. This is near median its historical median of 8.79. Over the past decade, MLG Oz's ROE % has ranged from 0.69 to 10.91. According to the industry distribution chart, MLG Oz ranks #425 out of 2389 companies in the Metals & Mining industry, placing it in the top 17.8%.
Is MLG Oz's ROE % too high?
MLG Oz's current ROE % of 9.48% is near median its 10-year median of 8.79. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 10.91. Based on the distribution chart, MLG Oz ranks #425 out of 2389 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, MLG Oz has a GF Score™ of 43/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MLG Oz's ROE % compare to competitors?
According to the Metals & Mining industry distribution chart, MLG Oz ranks #425 out of 2389 companies for ROE %. This places MLG Oz in the top 18% of its industry — outperforming the majority of peers. Historically, MLG Oz's own ROE % has ranged from 0.69 to 10.91 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Metals & Mining company?
A good ROE % depends on the Metals & Mining industry context. However, ROE % 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on MLG Oz and its competitors. MLG Oz's current ROE % is 9.48%, which is near median its own 10-year median of 8.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MLG Oz stock overvalued right now?
Based on GuruFocus' analysis, MLG Oz (ASX:MLG) is currently considered Fairly Valued. The stock's GF Value™ is A$0.75, compared to a current price of A$0.74 — trading 2% below its estimated fair value. The current ROE % is 9.48%, which is near median its 10-year median of 8.79. MLG Oz's overall GF Score™ is 43/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For MLG Oz (ASX:MLG), the current ROE % is 9.48% 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 MLG Oz (ASX:MLG) Overvalued in 2026?
Based on GuruFocus' analysis, MLG Oz stock appears to be undervalued.
The current stock price of A$0.74 is trading 2% below its estimated GF Value™ of A$0.75.
GuruFocus considers MLG Oz to be Fairly Valued.
Key valuation signals for ASX:MLG:
ROE %: 9.48% (near median its 10-year median of 8.79)
GF Value™: A$0.75 vs. price of A$0.74 (2% below fair value)
No single metric tells the full story. See the ASX:MLG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MLG Oz Ltd is a Kalgoorlie-based integrated mining services and resource asset management company. It supports ore processing facilities across gold, iron ore, and base metals in Western Australia and the Northern Territory. The company offers comprehensive mine site and supply chain solutions throughout the project lifecycle under a single contractual framework, including civil and construction, crushing and screening, bulk haulage and site services, and supply of mining and construction materials. Its expertise covers gold, iron ore, nickel, and base metals sectors, with key activities in bulk haulage, civil mining, construction aggregates, and crushing and screening.
43GF Score
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