Gulf Marine Services (CHIX:GMSL) Return-on-Tangible-Asset: 4.42% (As of Dec. 2025) — 44% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CHIX:GMSL Gulf Marine Services PLC CHIX:GMSL
55 GF Score
Price £0.19
GF Value £0.17
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Gulf Marine Services Return-on-Tangible-Asset?

Gulf Marine Services CHIX:GMSL +0.21% 55 Return-on-Tangible-Asset is 4.42% as of Dec. 2025, which is 44% above its 10-year median of 3.06. GuruFocus rates CHIX:GMSL with a GF Score™ of 55/100 and a GF Value™ of £0.17 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,025 Oil & Gas companies, Gulf Marine Services ranks better than 53.27% 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. Gulf Marine Services's annualized Net Income for the quarter that ended in Dec. 2025 was £22.5 Mil. Gulf Marine Services's average total tangible assets for the quarter that ended in Dec. 2025 was £508.3 Mil. Therefore, Gulf Marine Services's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 4.42%.

The historical rank and industry rank for Gulf Marine Services's Return-on-Tangible-Asset or its related term are showing as below:

CHIX:GMSl' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -17.22   Med: 3.06   Max: 6.11
Current: 2.71

During the past 13 years, Gulf Marine Services's highest Return-on-Tangible-Asset was 6.11%. The lowest was -17.22%. And the median was 3.06%.

CHIX:GMSl's Return-on-Tangible-Asset is ranked better than
53.27% of 1025 companies
in the Oil & Gas industry
Industry Median: 2.09 vs CHIX:GMSl: 2.71

Gulf Marine Services  (CHIX:GMSl) 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 company’s 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 company’s 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.


Gulf Marine Services Return-on-Tangible-Asset Related Terms


Gulf Marine Services Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Gulf Marine Services'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.

Gulf Marine Services Return-on-Tangible-Asset Chart

Gulf Marine Services Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.69 3.97 6.11 5.62 2.66

Gulf Marine Services Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Return-on-Tangible-Asset 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 10.01 2.10 9.22 1.10 4.42

CHIX:GMSL vs SLB, BKR, HAL: Return-on-Tangible-Asset Comparison

For the Oil & Gas Equipment & Services subindustry, Gulf Marine Services'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.


Gulf Marine Services Return-on-Tangible-Asset vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Gulf Marine Services's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Gulf Marine Services's Return-on-Tangible-Asset falls into.


CHIX:GMSL
55GF Score
Gulf Marine Services PLC CHIX:GMSL
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gulf Marine Services Return-on-Tangible-Asset Calculation

Gulf Marine Services's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=14.115/( (540.361+522.845)/ 2 )
=14.115/531.603
=2.66 %

Gulf Marine Services's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=22.478/( (493.793+522.845)/ 2 )
=22.478/508.319
=4.42 %

* 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 4.42% mean?
Gulf Marine Services (CHIX:GMSL) has a Return-on-Tangible-Asset of 4.42% 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 Gulf Marine Services and its competitors. This is 44% above median its historical median of 3.06. According to the industry distribution chart, Gulf Marine Services ranks #479 out of 1025 companies in the Oil & Gas industry, placing it in the top 46.7%.
Is Gulf Marine Services' Return-on-Tangible-Asset too high?
Gulf Marine Services' current Return-on-Tangible-Asset of 4.42% is 44% above median its 10-year median of 3.06. The Oil & Gas industry median Return-on-Tangible-Asset is 2.09. Gulf Marine Services' value of 4.42% is 111.5% above this industry median. Based on the distribution chart, Gulf Marine Services ranks #479 out of 1025 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Gulf Marine Services has a GF Score™ of 55/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gulf Marine Services' Return-on-Tangible-Asset compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Gulf Marine Services ranks #479 out of 1025 companies for Return-on-Tangible-Asset. This puts Gulf Marine Services in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.09. Gulf Marine Services' value of 4.42% is 111.5% above this benchmark. While the company's 10-year median is 3.06 vs. the industry median of 2.09, Gulf Marine Services 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 2.09, 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. Gulf Marine Services's current Return-on-Tangible-Asset of 4.42% is 111.5% 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 Gulf Marine Services 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. Gulf Marine Services's current Return-on-Tangible-Asset is 4.42%, which is 44% above median its own 10-year median of 3.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gulf Marine Services stock overvalued right now?
Based on GuruFocus' analysis, Gulf Marine Services (CHIX:GMSL) is currently considered Modestly Overvalued. The stock's GF Value™ is £0.17, compared to a current price of £0.19 — trading 14% above its estimated fair value. The current Return-on-Tangible-Asset is 4.42%, which is 44% above median its 10-year median of 3.06 and 111.5% above the Oil & Gas industry median of 2.09. Gulf Marine Services' overall GF Score™ is 55/100 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 Gulf Marine Services (CHIX:GMSL), the current Return-on-Tangible-Asset is 4.42% 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 Gulf Marine Services (CHIX:GMSL) Overvalued in 2026?

Based on GuruFocus' analysis, Gulf Marine Services stock appears to be overvalued. The current stock price of £0.19 is trading 14% above its estimated GF Value™ of £0.17. GuruFocus considers Gulf Marine Services to be Modestly Overvalued.

Key valuation signals for CHIX:GMSL:

  • Return-on-Tangible-Asset: 4.42% (44% above median its 10-year median of 3.06)
  • GF Value™: £0.17 vs. price of £0.19 (14% above fair value)
  • GF Score™: 55/100 with 3 warning signs
  • Industry Position: 111.5% above the Oil & Gas median (#479 of 1025)

No single metric tells the full story. See the CHIX:GMSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gulf Marine Services Business Description

Industry EnergyOil & Gas
Other Exchanges GMS:UKG0M:Germany
Address P.O. Box 46046, Abu Dhabi, ARE
Gulf Marine Services PLC is a United Kingdom-based operator of self-propelled and self-elevating support vessels (SESVs). Its assets provide a stable platform for the delivery of a range of services performed by the company's clients throughout the total lifecycle of offshore oil, gas, and renewable energy activities. Its operating business segments include Six K-Class vessels, which include the Kamikaze, Kikuyu, Kawawa, Kudeta, Keloa, and Pepper vessels; Three S-Class vessels, which include the Shamal, Scirocco, and Sharqi vessels; Five E-Class vessels, which include the Endeavour, Endurance, Enterprise, and Evolution vessels; and the Other vessels segment.
55GF Score

Get the complete analysis for CHIX:GMSL

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£0.19
Price
£0.17
GF Value