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BQE WaterBTQNF -12.02%78 Return-on-Tangible-Asset is -14.56% as of Mar. 2026. GuruFocus rates BTQNF with a GF Score™ of 78/100 and a GF Value™ of $56.41 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 244 Waste Management companies, BQE Water ranks better than 94.67% 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. BQE Water's annualizedNet Income for the quarter that ended in Mar. 2026 was $-3.72 Mil. BQE Water's average total tangible assets for the quarter that ended in Mar. 2026 was $25.54 Mil. Therefore, BQE Water's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -14.56%.
The historical rank and industry rank for BQE Water's Return-on-Tangible-Asset or its related term are showing as below:
BTQNF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -31.19 Med: 10.19 Max: 25.76
Current: 15.44
During the past 13 years, BQE Water's highest Return-on-Tangible-Asset was 25.76%. The lowest was -31.19%. And the median was 10.19%.
BTQNF's Return-on-Tangible-Asset is ranked better than 94.67% of 244
companies
in the Waste Management industry
Industry Median: 2.255
vs BTQNF: 15.44
BQE Water (OTCPK:BTQNF) 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.
BQE Water Return-on-Tangible-Asset Related Terms
BQE Water Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for BQE Water'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.
BTQNF vs WM, RSG, WCN: Return-on-Tangible-Asset Comparison
For the Waste Management subindustry, BQE Water'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.
BQE Water Return-on-Tangible-Asset vs Waste Management Industry
For the Waste Management industry and Industrials sector, BQE Water's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where BQE Water'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 -14.56% mean?
BQE Water (BTQNF) has a Return-on-Tangible-Asset of -14.56% 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 BQE Water and its competitors. According to the industry distribution chart, BQE Water ranks #13 out of 244 companies in the Waste Management industry, placing it in the top 5.3%.
Is BQE Water's Return-on-Tangible-Asset too high?
BQE Water's current Return-on-Tangible-Asset is -14.56%. Based on the distribution chart, BQE Water ranks #13 out of 244 companies in the Waste Management industry, which is in the top quartile — a strong position relative to peers. Overall, BQE Water has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BQE Water's Return-on-Tangible-Asset compare to WM and RSG?
According to the Waste Management industry distribution chart, BQE Water ranks #13 out of 244 companies for Return-on-Tangible-Asset. This places BQE Water in the top 5% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.26. 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 a Waste Management company?
The median Return-on-Tangible-Asset among Waste Management companies is 2.26, based on 244 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 BQE Water and its competitors. For the Waste Management industry, the median Return-on-Tangible-Asset is 2.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BQE Water's current Return-on-Tangible-Asset is -14.56%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BQE Water stock overvalued right now?
Based on GuruFocus' analysis, BQE Water (BTQNF) is currently considered Modestly Undervalued. The stock's GF Value™ is $56.41, compared to a current price of $48.09 — trading 14.7% below its estimated fair value. The current Return-on-Tangible-Asset is -14.56%. BQE Water's overall GF Score™ is 78/100 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 BQE Water (BTQNF), the current Return-on-Tangible-Asset is -14.56% 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 BQE Water (BTQNF) Overvalued in 2026?
Based on GuruFocus' analysis, BQE Water stock appears to be undervalued.
The current stock price of $48.09 is trading 14.7% below its estimated GF Value™ of $56.41.
GuruFocus considers BQE Water to be Modestly Undervalued.
Key valuation signals for BTQNF:
Return-on-Tangible-Asset: -14.56%
GF Value™: $56.41 vs. price of $48.09 (14.7% below fair value)
No single metric tells the full story. See the BTQNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BQE Water Inc is a service provider specializing in water treatment and management for metals mining, smelting and refining. It is helping to transform the way the industry thinks about water in the context of natural resource projects by offering services and expertise that enable more sustainable water management practices and improved overall project performance at reduced risks. BQE Water invests in and has developed intellectual property through the commercialization of several new technologies at mine sites around the world for organizations including Glencore, Jiangxi Copper, Freeport-McMoRan and the US EPA.
78GF Score
Get the complete analysis for BTQNF
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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