Dorchester Minerals LPDMLP +1.17%86 Return-on-Tangible-Asset is 38.14% as of Mar. 2026, which is 24% below its 10-year median of 49.89. GuruFocus rates DMLP with a GF Score™ of 86/100 and a GF Value™ of $25.37 (Fairly Valued). The stock has 9 warning signs investors should review. Among 1,027 Oil & Gas companies, Dorchester Minerals LP ranks better than 96.4% 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. Dorchester Minerals LP's annualizedNet Income for the quarter that ended in Mar. 2026 was $116.5 Mil. Dorchester Minerals LP's average total tangible assets for the quarter that ended in Mar. 2026 was $305.6 Mil. Therefore, Dorchester Minerals LP's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 38.14%.
The historical rank and industry rank for Dorchester Minerals LP's Return-on-Tangible-Asset or its related term are showing as below:
DMLP'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 16.96 Med: 49.89 Max: 80.86
Current: 21.3
During the past 13 years, Dorchester Minerals LP's highest Return-on-Tangible-Asset was 80.86%. The lowest was 16.96%. And the median was 49.89%.
DMLP's Return-on-Tangible-Asset is ranked better than 96.4% of 1027
companies
in the Oil & Gas industry
Industry Median: 2.04
vs DMLP: 21.30
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.
Dorchester Minerals LP Return-on-Tangible-Asset Related Terms
Dorchester Minerals LP Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Dorchester Minerals LP'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.
DMLP vs KOS, TBN, KRP: Return-on-Tangible-Asset Comparison
For the Oil & Gas E&P subindustry, Dorchester Minerals LP'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.
Dorchester Minerals LP Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Dorchester Minerals LP's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Dorchester Minerals LP'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 38.14% mean?
Dorchester Minerals LP (DMLP) has a Return-on-Tangible-Asset of 38.14% 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 Dorchester Minerals LP and its competitors. This is 24% below median its historical median of 49.89. Over the past decade, Dorchester Minerals LP's Return-on-Tangible-Asset has ranged from 16.96 to 80.86. According to the industry distribution chart, Dorchester Minerals LP ranks #37 out of 1027 companies in the Oil & Gas industry, placing it in the top 3.6%.
Is Dorchester Minerals LP's Return-on-Tangible-Asset too high?
Dorchester Minerals LP's current Return-on-Tangible-Asset of 38.14% is 24% below median its 10-year median of 49.89. Over the past 10 years, this metric has ranged from a low of 16.96 to a high of 80.86. The Oil & Gas industry median Return-on-Tangible-Asset is 2.04. Dorchester Minerals LP's value of 38.14% is 1769.6% above this industry median. Based on the distribution chart, Dorchester Minerals LP ranks #37 out of 1027 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Dorchester Minerals LP has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dorchester Minerals LP's Return-on-Tangible-Asset compare to KOS and TBN?
According to the Oil & Gas industry distribution chart, Dorchester Minerals LP ranks #37 out of 1027 companies for Return-on-Tangible-Asset. This places Dorchester Minerals LP in the top 4% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.04. Dorchester Minerals LP's value of 38.14% is 1769.6% above this benchmark. Historically, Dorchester Minerals LP's own Return-on-Tangible-Asset has ranged from 16.96 to 80.86 over the past decade. While the company's 10-year median is 49.89 vs. the industry median of 2.04, Dorchester Minerals LP 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. Dorchester Minerals LP's current Return-on-Tangible-Asset of 38.14% is 1769.6% 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 Dorchester Minerals LP 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. Dorchester Minerals LP's current Return-on-Tangible-Asset is 38.14%, which is 24% below median its own 10-year median of 49.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dorchester Minerals LP stock overvalued right now?
Based on GuruFocus' analysis, Dorchester Minerals LP (DMLP) is currently considered Fairly Valued. The stock's GF Value™ is $25.37, compared to a current price of $25.75 — trading 1.5% above its estimated fair value. The current Return-on-Tangible-Asset is 38.14%, which is 24% below median its 10-year median of 49.89 and 1769.6% above the Oil & Gas industry median of 2.04. Dorchester Minerals LP's overall GF Score™ is 86/100 with 9 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 Dorchester Minerals LP (DMLP), the current Return-on-Tangible-Asset is 38.14% 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 Dorchester Minerals LP (DMLP) Overvalued in 2026?
Based on GuruFocus' analysis, Dorchester Minerals LP stock appears to be overvalued.
The current stock price of $25.75 is trading 1.5% above its estimated GF Value™ of $25.37.
GuruFocus considers Dorchester Minerals LP to be Fairly Valued.
Key valuation signals for DMLP:
Return-on-Tangible-Asset: 38.14% (24% below median its 10-year median of 49.89)
GF Value™: $25.37 vs. price of $25.75 (1.5% above fair value)
Industry Position: 1769.6% above the Oil & Gas median (#37 of 1027)
No single metric tells the full story. See the DMLP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dorchester Minerals LP operates as the owner of producing and non-producing crude oil and natural gas mineral, royalty, overriding royalty, net profits, and leasehold interests. The company generates revenues from royalties, net profits interests, lease bonuses, and others.
86GF Score
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