Mutares SE KGaA (STU:MUX) ROE %: 12.25% (As of Mar. 2026) — Near Median


STU:MUX Mutares SE & Co KGaA STU:MUX
66 GF Score
Price €29.20
! 6 Warning Signs
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What is Mutares SE KGaA ROE %?

Mutares SE KGaA STU:MUX -0.51% 66 ROE % is 12.25% as of Mar. 2026, which is 5% below its 10-year median of 12.90. GuruFocus rates STU:MUX with a GF Score™ of 66/100. The stock has 6 warning signs investors should review. Among 1,615 Asset Management companies, Mutares SE KGaA ranks better than 57.71% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Mutares SE KGaA's annualized net income for the quarter that ended in Mar. 2026 was €76 Mil. Mutares SE KGaA's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was €617 Mil. Therefore, Mutares SE KGaA's annualized ROE % for the quarter that ended in Mar. 2026 was 12.25%.

The historical rank and industry rank for Mutares SE KGaA's ROE % or its related term are showing as below:

STU:MUX' s ROE % Range Over the Past 10 Years
Min: -46.48   Med: 12.9   Max: 98.52
Current: 8.19

During the past 13 years, Mutares SE KGaA's highest ROE % was 98.52%. The lowest was -46.48%. And the median was 12.90%.

STU:MUX's ROE % is ranked better than
57.71% of 1615 companies
in the Asset Management industry
Industry Median: 6.35 vs STU:MUX: 8.19

Mutares SE KGaA  (STU:MUX) 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:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=75.6/617
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(75.6 / 6714.8)*(6714.8 / 5224.25)*(5224.25 / 617)
=Net Margin %*Asset Turnover*Equity Multiplier
=1.13 %*1.2853*8.4672
=ROA %*Equity Multiplier
=1.45 %*8.4672
=12.25 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=75.6/617
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (75.6 / 82) * (82 / -610) * (-610 / 6714.8) * (6714.8 / 5224.25) * (5224.25 / 617)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.922 * -0.1344 * -9.08 % * 1.2853 * 8.4672
=12.25 %

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.


Mutares SE KGaA ROE % Related Terms


Mutares SE KGaA ROE % Historical Data

* Premium members only.

The historical data trend for Mutares SE KGaA'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.

Mutares SE KGaA ROE % Chart

Mutares SE KGaA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 98.52 -0.93 44.57 -46.48 -2.34

Mutares SE KGaA Quarterly Data
Jun20 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Dec25 Mar26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 146.04 17.11 0.00 12.25

STU:MUX vs BLK, BX, KKR: ROE % Comparison

For the Asset Management subindustry, Mutares SE KGaA'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.


Mutares SE KGaA ROE % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Mutares SE KGaA's ROE % distribution charts can be found below:

* The bar in red indicates where Mutares SE KGaA's ROE % falls into.


STU:MUX
66GF Score
Mutares SE & Co KGaA STU:MUX
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Mutares SE KGaA ROE % Calculation

Mutares SE KGaA's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=-15/( (679+603.8)/ 2 )
=-15/641.4
=-2.34 %

Mutares SE KGaA's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=75.6/( (603.8+630.2)/ 2 )
=75.6/617
=12.25 %

* 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.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 12.25% mean?
Mutares SE KGaA (STU:MUX) has a ROE % of 12.25% 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 Mutares SE KGaA and its competitors. This is near median its historical median of 12.90. According to the industry distribution chart, Mutares SE KGaA ranks #683 out of 1615 companies in the Asset Management industry, placing it in the top 42.3%.
Is Mutares SE KGaA's ROE % too high?
Mutares SE KGaA's current ROE % of 12.25% is near median its 10-year median of 12.90. The Asset Management industry median ROE % is 6.35. Mutares SE KGaA's value of 12.25% is 92.9% above this industry median. Based on the distribution chart, Mutares SE KGaA ranks #683 out of 1615 companies in the Asset Management industry, which is above the industry midpoint. Overall, Mutares SE KGaA has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does Mutares SE KGaA's ROE % compare to BLK and BX?
According to the Asset Management industry distribution chart, Mutares SE KGaA ranks #683 out of 1615 companies for ROE %. This puts Mutares SE KGaA in the upper half of its industry. The industry median ROE % is 6.35. Mutares SE KGaA's value of 12.25% is 92.9% above this benchmark. While the company's 10-year median is 12.90 vs. the industry median of 6.35, Mutares SE KGaA 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 Asset Management company?
The median ROE % among Asset Management companies is 6.35, based on 1,615 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. Mutares SE KGaA's current ROE % of 12.25% is 92.9% 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 Mutares SE KGaA and its competitors. For the Asset Management industry, the median ROE % is 6.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mutares SE KGaA's current ROE % is 12.25%, which is near median its own 10-year median of 12.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mutares SE KGaA stock overvalued right now?
Mutares SE KGaA (STU:MUX) has a current ROE % of 12.25%. The current ROE % is 12.25%, which is near median its 10-year median of 12.90 and 92.9% above the Asset Management industry median of 6.35. Mutares SE KGaA's overall GF Score™ is 66/100 with 6 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 Mutares SE KGaA (STU:MUX), the current ROE % is 12.25% 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.

Mutares SE KGaA Business Description

Address Arnulfstrasse 19, Munich, DEU, 80335
Mutares SE & Co KGaA is a holding company. Its primary business is to acquire small and medium-sized companies in special situations. The company's operating segment includes the Automotive & Mobility segment includes the acquired companies that are engaged in the supplying of rubber mouldings, components for commercial vehicles, and others; the Engineering and Technology segment includes acquired companies that are engaged in the supplying of coating for oil and gas pipelines, components for increasing efficiency, provider of steel structures, roof and facade systems, and others; Goods and services segment includes acquired companies that are engaged in the manufacturing of packaging solutions, iron wire, paper household products, and logistics services.
66GF Score

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ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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