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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. Viva Energy Group's annualizedNet Income for the quarter that ended in Dec. 2025 was A$-451 Mil. Viva Energy Group's average total tangible assets for the quarter that ended in Dec. 2025 was A$10,731 Mil. Therefore, Viva Energy Group's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was -4.21%.
The historical rank and industry rank for Viva Energy Group's Return-on-Tangible-Asset or its related term are showing as below:
ASX:VEA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3.97 Med: 0.82 Max: 12.26
Current: -3.95
During the past 8 years, Viva Energy Group's highest Return-on-Tangible-Asset was 12.26%. The lowest was -3.97%. And the median was 0.82%.
ASX:VEA's Return-on-Tangible-Asset is ranked worse than 71.12% of 1025
companies
in the Oil & Gas industry
Industry Median: 2.09
vs ASX:VEA: -3.95
Viva Energy Group (ASX:VEA) 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.
Viva Energy Group Return-on-Tangible-Asset Related Terms
Viva Energy Group Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Viva Energy Group'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.
ASX:VEA vs VLO, MPC, PSX: Return-on-Tangible-Asset Comparison
For the Oil & Gas Refining & Marketing subindustry, Viva Energy Group'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.
Viva Energy Group Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Viva Energy Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Viva Energy Group'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 two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of -4.21% mean?
Viva Energy Group (ASX:VEA) has a Return-on-Tangible-Asset of -4.21% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Viva Energy Group and its competitors. According to the industry distribution chart, Viva Energy Group ranks #729 out of 1025 companies in the Oil & Gas industry, placing it in the top 71.1%.
Is Viva Energy Group's Return-on-Tangible-Asset too high?
Viva Energy Group's current Return-on-Tangible-Asset is -4.21%. Based on the distribution chart, Viva Energy Group ranks #729 out of 1025 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Viva Energy Group has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Viva Energy Group's Return-on-Tangible-Asset compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Viva Energy Group ranks #729 out of 1025 companies for Return-on-Tangible-Asset. This places Viva Energy Group in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.09. 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 2.09, based on 1,025 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. 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 Viva Energy Group and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 2.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Viva Energy Group's current Return-on-Tangible-Asset is -4.21%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Viva Energy Group stock overvalued right now?
Based on GuruFocus' analysis, Viva Energy Group (ASX:VEA) is currently considered Modestly Undervalued. The stock's GF Value™ is A$3.25, compared to a current price of A$2.34 — trading 28% below its estimated fair value. The current Return-on-Tangible-Asset is -4.21%. Viva Energy Group's overall GF Score™ is 74/100 with 11 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 Viva Energy Group (ASX:VEA), the current Return-on-Tangible-Asset is -4.21% 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 Viva Energy Group (ASX:VEA) Overvalued in 2026?
Based on GuruFocus' analysis, Viva Energy Group stock appears to be undervalued.
The current stock price of A$2.34 is trading 28% below its estimated GF Value™ of A$3.25.
GuruFocus considers Viva Energy Group to be Modestly Undervalued.
Key valuation signals for ASX:VEA:
Return-on-Tangible-Asset: -4.21%
GF Value™: A$3.25 vs. price of A$2.34 (28% below fair value)
No single metric tells the full story. See the ASX:VEA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Viva is Australia's second-largest vertically integrated refined transport fuel supplier. We rate Viva as the second-most-significant pipeline owner, and at approximately 1,155 locations, Viva supplies the third-largest number of retail sites in Australia behind Ampol at approximately 1,985 and BP at 1,400.Vitol bought Shell's Australian downstream operations in 2014, and renamed them Viva Energy. Viva subsequently bought Shell's Australian aviation operations and a 50% investment in Liberty Oil. In 2016, Viva sold (and leased back) a portfolio of its retail sites to Viva Energy REIT and listed Viva Energy REIT on the ASX. It has since sold its entire REIT stake for AUD 734 million.Viva acquired OTR Group in 2014 for AUD 1.2 billion bringing over 200 South Australian stores.
74GF Score
Get the complete analysis for ASX:VEA
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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