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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. Comstock Resources's annualizedNet Income for the quarter that ended in Jun. 2026 was $35 Mil. Comstock Resources's average total tangible assets for the quarter that ended in Jun. 2026 was $7,046 Mil. Therefore, Comstock Resources's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 0.50%.
The historical rank and industry rank for Comstock Resources's Return-on-Tangible-Asset or its related term are showing as below:
CRK'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -12.96 Med: -1.22 Max: 23.55
Current: 7.92
During the past 13 years, Comstock Resources's highest Return-on-Tangible-Asset was 23.55%. The lowest was -12.96%. And the median was -1.22%.
CRK's Return-on-Tangible-Asset is ranked better than 78.38% of 1036
companies
in the Oil & Gas industry
Industry Median: 2.455
vs CRK: 7.92
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.
Comstock Resources Return-on-Tangible-Asset Related Terms
Comstock Resources Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Comstock Resources'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.
CRK vs CRGY, CRC, BSM: Return-on-Tangible-Asset Comparison
For the Oil & Gas E&P subindustry, Comstock Resources'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.
Comstock Resources Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Comstock Resources's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Comstock Resources'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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 0.50% mean?
Comstock Resources (CRK) has a Return-on-Tangible-Asset of 0.50% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Comstock Resources and its competitors. According to the industry distribution chart, Comstock Resources ranks #224 out of 1036 companies in the Oil & Gas industry, placing it in the top 21.6%.
Is Comstock Resources' Return-on-Tangible-Asset too high?
Comstock Resources' current Return-on-Tangible-Asset is 0.50%. The Oil & Gas industry median Return-on-Tangible-Asset is 2.46. Comstock Resources' value of 0.50% is 79.6% below this industry median. Based on the distribution chart, Comstock Resources ranks #224 out of 1036 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Comstock Resources has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Comstock Resources' Return-on-Tangible-Asset compare to CRGY and CRC?
According to the Oil & Gas industry distribution chart, Comstock Resources ranks #224 out of 1036 companies for Return-on-Tangible-Asset. This places Comstock Resources in the top 22% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.46. Comstock Resources' value of 0.50% is 79.6% below this benchmark. 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 2.46, based on 1,036 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. Comstock Resources's current Return-on-Tangible-Asset of 0.50% is 79.6% below 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 Comstock Resources and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 2.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Comstock Resources's current Return-on-Tangible-Asset is 0.50%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Comstock Resources stock overvalued right now?
Based on GuruFocus' analysis, Comstock Resources (CRK) is currently considered Modestly Undervalued. The stock's GF Value™ is $15.90, compared to a current price of $13.66 — trading 14.1% below its estimated fair value. The current Return-on-Tangible-Asset is 0.50% and 79.6% below the Oil & Gas industry median of 2.46. Comstock Resources' overall GF Score™ is 67/100 with 5 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 Comstock Resources (CRK), the current Return-on-Tangible-Asset is 0.50% as of Jun. 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 Comstock Resources (CRK) Overvalued in 2026?
Based on GuruFocus' analysis, Comstock Resources stock appears to be undervalued.
The current stock price of $13.66 is trading 14.1% below its estimated GF Value™ of $15.90.
GuruFocus considers Comstock Resources to be Modestly Undervalued.
Key valuation signals for CRK:
Return-on-Tangible-Asset: 0.50%
GF Value™: $15.90 vs. price of $13.66 (14.1% below fair value)
Industry Position: 79.6% below the Oil & Gas median (#224 of 1036)
No single metric tells the full story. See the CRK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Comstock Resources Inc is an independent natural gas producer operating in the Haynesville shale, a natural gas basin located in North Louisiana and East Texas with superior economics given its geographical proximity to the Gulf Coast natural gas markets. The Company operates in one business segment, the exploration and production of North American natural gas and oil. It is engaged in the acquisition, development, production, and exploration of oil and natural gas. The company's oil and gas operations are concentrated in Louisiana and Texas.
67GF Score
Get the complete analysis for CRK
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