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ADNOC GasADX:ADNOCGAS -1.49%56 Return-on-Tangible-Asset is 13.18% as of Mar. 2026, which is 21% below its 10-year median of 16.78. GuruFocus rates ADX:ADNOCGAS with a GF Score™ of 56/100 and a GF Value™ of د.إ3.20 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,027 Oil & Gas companies, ADNOC Gas ranks better than 93.38% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. ADNOC Gas's annualizedNet Income for the quarter that ended in Mar. 2026 was د.إ15,856 Mil. ADNOC Gas's average total tangible assets for the quarter that ended in Mar. 2026 was د.إ120,312 Mil. Therefore, ADNOC Gas's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 13.18%.
The historical rank and industry rank for ADNOC Gas's Return-on-Tangible-Asset or its related term are showing as below:
ADX:ADNOCGAS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -11.48 Med: 16.78 Max: 18.9
Current: 15.65
During the past 5 years, ADNOC Gas's highest Return-on-Tangible-Asset was 18.90%. The lowest was -11.48%. And the median was 16.78%.
ADX:ADNOCGAS's Return-on-Tangible-Asset is ranked better than 93.38% of 1027
companies
in the Oil & Gas industry
Industry Median: 2.04
vs ADX:ADNOCGAS: 15.65
ADNOC Gas (ADX:ADNOCGAS) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset 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 Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
ADNOC Gas Return-on-Tangible-Asset Related Terms
ADNOC Gas Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for ADNOC Gas's Return-on-Tangible-Asset 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.
ADX:ADNOCGAS vs XOM, CVX: Return-on-Tangible-Asset Comparison
For the Oil & Gas Integrated subindustry, ADNOC Gas's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
ADNOC Gas Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, ADNOC Gas's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where ADNOC Gas's Return-on-Tangible-Asset 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-Asset, the net income of the last fiscal year and the average total tangible assets 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.
What does a Return-on-Tangible-Asset of 13.18% mean?
ADNOC Gas (ADX:ADNOCGAS) has a Return-on-Tangible-Asset of 13.18% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on ADNOC Gas and its competitors. This is 21% below median its historical median of 16.78. According to the industry distribution chart, ADNOC Gas ranks #68 out of 1027 companies in the Oil & Gas industry, placing it in the top 6.6%.
Is ADNOC Gas' Return-on-Tangible-Asset too high?
ADNOC Gas' current Return-on-Tangible-Asset of 13.18% is 21% below median its 10-year median of 16.78. The Oil & Gas industry median Return-on-Tangible-Asset is 2.04. ADNOC Gas' value of 13.18% is 546.1% above this industry median. Based on the distribution chart, ADNOC Gas ranks #68 out of 1027 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, ADNOC Gas has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ADNOC Gas' Return-on-Tangible-Asset compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, ADNOC Gas ranks #68 out of 1027 companies for Return-on-Tangible-Asset. This places ADNOC Gas in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.04. ADNOC Gas' value of 13.18% is 546.1% above this benchmark. While the company's 10-year median is 16.78 vs. the industry median of 2.04, ADNOC Gas 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-Asset for an Oil & Gas company?
The median Return-on-Tangible-Asset among Oil & Gas companies is 2.04, based on 1,027 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ADNOC Gas's current Return-on-Tangible-Asset of 13.18% is 546.1% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on ADNOC Gas and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 2.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ADNOC Gas's current Return-on-Tangible-Asset is 13.18%, which is 21% below median its own 10-year median of 16.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ADNOC Gas stock overvalued right now?
Based on GuruFocus' analysis, ADNOC Gas (ADX:ADNOCGAS) is currently considered Fairly Valued. The stock's GF Value™ is د.إ3.20, compared to a current price of د.إ3.30 — trading 3.1% above its estimated fair value. The current Return-on-Tangible-Asset is 13.18%, which is 21% below median its 10-year median of 16.78 and 546.1% above the Oil & Gas industry median of 2.04. ADNOC Gas' overall GF Score™ is 56/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For ADNOC Gas (ADX:ADNOCGAS), the current Return-on-Tangible-Asset is 13.18% 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 ADNOC Gas (ADX:ADNOCGAS) Overvalued in 2026?
Based on GuruFocus' analysis, ADNOC Gas stock appears to be overvalued.
The current stock price of د.إ3.30 is trading 3.1% above its estimated GF Value™ of د.إ3.20.
GuruFocus considers ADNOC Gas to be Fairly Valued.
Key valuation signals for ADX:ADNOCGAS:
Return-on-Tangible-Asset: 13.18% (21% below median its 10-year median of 16.78)
GF Value™: د.إ3.20 vs. price of د.إ3.30 (3.1% above fair value)
Industry Position: 546.1% above the Oil & Gas median (#68 of 1027)
No single metric tells the full story. See the ADX:ADNOCGAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ADNOC Gas PLC is an integrated gas processing company. The Company is responsible for producing, processing, distributing, and marketing natural gas and its derivatives in the UAE and abroad. The company Gas operates a network of pipelines, processing plants, storage facilities, and export terminals that supply gas to various sectors, including power generation, water desalination, petrochemicals, industries, and households. The Company also exports liquefied natural gas (LNG) and liquefied petroleum gas (LPG) to regional and international markets.
56GF Score
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