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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. MJL Bangladesh's annualized net income for the quarter that ended in Mar. 2026 was BDT2,601 Mil. MJL Bangladesh's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was BDT17,025 Mil. Therefore, MJL Bangladesh's annualized ROE % for the quarter that ended in Mar. 2026 was 15.28%.
The historical rank and industry rank for MJL Bangladesh's ROE % or its related term are showing as below:
DHA:MJLBD'
s ROE % Range Over the Past 10 Years
Min: 14.82 Med: 19.94 Max: 22.25
Current: 16.99
During the past 13 years, MJL Bangladesh's highest ROE % was 22.25%. The lowest was 14.82%. And the median was 19.94%.
DHA:MJLBD's ROE % is ranked better than 79.21% of 957
companies
in the Oil & Gas industry
Industry Median: 5.92
vs DHA:MJLBD: 16.99
MJL Bangladesh (DHA:MJLBD) 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 four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) 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.
MJL Bangladesh ROE % Related Terms
MJL Bangladesh ROE % Historical Data
* Premium members only.
The historical data trend for MJL Bangladesh'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 Oil & Gas Refining & Marketing subindustry, MJL Bangladesh'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.
MJL Bangladesh ROE % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, MJL Bangladesh's ROE % distribution charts can be found below:
* The bar in red indicates where MJL Bangladesh'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 four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
MJL Bangladesh (DHA:MJLBD) has a ROE % of 15.28% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on MJL Bangladesh and its competitors. This is 23% below median its historical median of 19.94. Over the past decade, MJL Bangladesh's ROE % has ranged from 14.82 to 22.25. According to the industry distribution chart, MJL Bangladesh ranks #199 out of 957 companies in the Oil & Gas industry, placing it in the top 20.8%.
Is MJL Bangladesh's ROE % too high?
MJL Bangladesh's current ROE % of 15.28% is 23% below median its 10-year median of 19.94. Over the past 10 years, this metric has ranged from a low of 14.82 to a high of 22.25. The Oil & Gas industry median ROE % is 5.92. MJL Bangladesh's value of 15.28% is 158.1% above this industry median. Based on the distribution chart, MJL Bangladesh ranks #199 out of 957 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, MJL Bangladesh has a GF Score™ of 100/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MJL Bangladesh's ROE % compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, MJL Bangladesh ranks #199 out of 957 companies for ROE %. This places MJL Bangladesh in the top 21% of its industry — outperforming the majority of peers. The industry median ROE % is 5.92. MJL Bangladesh's value of 15.28% is 158.1% above this benchmark. Historically, MJL Bangladesh's own ROE % has ranged from 14.82 to 22.25 over the past decade. While the company's 10-year median is 19.94 vs. the industry median of 5.92, MJL Bangladesh 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 ROE % for an Oil & Gas company?
The median ROE % among Oil & Gas companies is 5.92, based on 957 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MJL Bangladesh's current ROE % of 15.28% is 158.1% 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 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 MJL Bangladesh and its competitors. For the Oil & Gas industry, the median ROE % is 5.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MJL Bangladesh's current ROE % is 15.28%, which is 23% below median its own 10-year median of 19.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MJL Bangladesh stock overvalued right now?
Based on GuruFocus' analysis, MJL Bangladesh (DHA:MJLBD) is currently considered Fairly Valued. The stock's GF Value™ is BDT96.24, compared to a current price of BDT94.10 — trading 2.2% below its estimated fair value. The current ROE % is 15.28%, which is 23% below median its 10-year median of 19.94 and 158.1% above the Oil & Gas industry median of 5.92. MJL Bangladesh's overall GF Score™ is 100/100 with 10 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 MJL Bangladesh (DHA:MJLBD), the current ROE % is 15.28% 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 MJL Bangladesh (DHA:MJLBD) Overvalued in 2026?
Based on GuruFocus' analysis, MJL Bangladesh stock appears to be undervalued.
The current stock price of BDT94.10 is trading 2.2% below its estimated GF Value™ of BDT96.24.
GuruFocus considers MJL Bangladesh to be Fairly Valued.
Key valuation signals for DHA:MJLBD:
ROE %: 15.28% (23% below median its 10-year median of 19.94)
GF Value™: BDT96.24 vs. price of BDT94.10 (2.2% below fair value)
Industry Position: 158.1% above the Oil & Gas median (#199 of 957)
No single metric tells the full story. See the DHA:MJLBD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MJL Bangladesh PLC is engaged in the blending and marketing of internationally recognised Mobil-branded lubricants in Bangladesh and is also diversified into lube oil trading and oil tanker operations. The Company serves the lubricant market across both the B2B (business-to-business) and B2C (business-to-consumer) segments. The B2B market segments served comprise industrial lubricants, marine lubricants and aviation lubricants, while the B2C market segments served comprise passenger vehicle lubricants, commercial vehicle lubricants and aviation lubricants. The Company also has a small e-commerce sales channel through its Lube Solution digital app and a modest export presence through sales in Nepal. Its operations and distribution network extend across Bangladesh.
100GF Score
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