Murphy USA (FRA:1MU) Return-on-Tangible-Asset: 12.67% (As of Mar. 2026) — Near 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.

FRA:1MU Murphy USA Inc FRA:1MU
76 GF Score
Price €542.50
GF Value €410.09
! 9 Warning Signs
View Full Analysis

What is Murphy USA Return-on-Tangible-Asset?

Murphy USA FRA:1MU +1.40% 76 Return-on-Tangible-Asset is 12.67% as of Mar. 2026, which is 6% above its 10-year median of 11.98. GuruFocus rates FRA:1MU with a GF Score™ of 76/100 and a GF Value™ of €410.09. The stock has 9 warning signs investors should review. Among 1,136 Retail - Cyclical companies, Murphy USA ranks better than 88.2% 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. Murphy USA's annualized Net Income for the quarter that ended in Mar. 2026 was €472 Mil. Murphy USA's average total tangible assets for the quarter that ended in Mar. 2026 was €3,721 Mil. Therefore, Murphy USA's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 12.67%.

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

FRA:1MU' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 6.13   Med: 11.98   Max: 18.6
Current: 13.15

During the past 13 years, Murphy USA's highest Return-on-Tangible-Asset was 18.60%. The lowest was 6.13%. And the median was 11.98%.

FRA:1MU's Return-on-Tangible-Asset is ranked better than
88.2% of 1136 companies
in the Retail - Cyclical industry
Industry Median: 2.92 vs FRA:1MU: 13.15

Murphy USA  (FRA:1MU) 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.


Murphy USA Return-on-Tangible-Asset Related Terms


Murphy USA Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Murphy USA'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.

Murphy USA Return-on-Tangible-Asset Chart

Murphy USA 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 13.14 19.20 14.59 12.90 10.68

Murphy USA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 5.16 13.78 12.33 13.42 12.67

FRA:1MU vs GME, FIVE, BBWI: Return-on-Tangible-Asset Comparison

For the Specialty Retail subindustry, Murphy USA'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.


Murphy USA Return-on-Tangible-Asset vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Murphy USA's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Murphy USA's Return-on-Tangible-Asset falls into.


FRA:1MU
76GF Score
Murphy USA Inc FRA:1MU
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Murphy USA Return-on-Tangible-Asset Calculation

Murphy USA'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 )
=401.892/( (3890.765+3636.759)/ 2 )
=401.892/3763.762
=10.68 %

Murphy USA's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=471.596/( (3636.759+3805.222)/ 2 )
=471.596/3720.9905
=12.67 %

* 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 12.67% mean?
Murphy USA (FRA:1MU) has a Return-on-Tangible-Asset of 12.67% 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 Murphy USA and its competitors. This is near median its historical median of 11.98. Over the past decade, Murphy USA's Return-on-Tangible-Asset has ranged from 6.13 to 18.60. According to the industry distribution chart, Murphy USA ranks #134 out of 1136 companies in the Retail - Cyclical industry, placing it in the top 11.8%.
Is Murphy USA's Return-on-Tangible-Asset too high?
Murphy USA's current Return-on-Tangible-Asset of 12.67% is near median its 10-year median of 11.98. Over the past 10 years, this metric has ranged from a low of 6.13 to a high of 18.60. The Retail - Cyclical industry median Return-on-Tangible-Asset is 2.92. Murphy USA's value of 12.67% is 333.9% above this industry median. Based on the distribution chart, Murphy USA ranks #134 out of 1136 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Murphy USA has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Murphy USA's Return-on-Tangible-Asset compare to GME and FIVE?
According to the Retail - Cyclical industry distribution chart, Murphy USA ranks #134 out of 1136 companies for Return-on-Tangible-Asset. This places Murphy USA in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.92. Murphy USA's value of 12.67% is 333.9% above this benchmark. Historically, Murphy USA's own Return-on-Tangible-Asset has ranged from 6.13 to 18.60 over the past decade. While the company's 10-year median is 11.98 vs. the industry median of 2.92, Murphy USA 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 a Retail - Cyclical company?
The median Return-on-Tangible-Asset among Retail - Cyclical companies is 2.92, based on 1,136 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. Murphy USA's current Return-on-Tangible-Asset of 12.67% is 333.9% 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 Murphy USA and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Asset is 2.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Murphy USA's current Return-on-Tangible-Asset is 12.67%, which is near median its own 10-year median of 11.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Murphy USA stock overvalued right now?
Murphy USA (FRA:1MU) has a current Return-on-Tangible-Asset of 12.67%. The stock's GF Value™ is €410.09, compared to a current price of €542.50 — trading 32.3% above its estimated fair value. The current Return-on-Tangible-Asset is 12.67%, which is near median its 10-year median of 11.98 and 333.9% above the Retail - Cyclical industry median of 2.92. Murphy USA's overall GF Score™ is 76/100 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 Murphy USA (FRA:1MU), the current Return-on-Tangible-Asset is 12.67% 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 Murphy USA (FRA:1MU) Overvalued in 2026?

Based on GuruFocus' analysis, Murphy USA stock appears to be overvalued. The current stock price of €542.50 is trading 32.3% above its estimated GF Value™ of €410.09.

Key valuation signals for FRA:1MU:

  • Return-on-Tangible-Asset: 12.67% (near median its 10-year median of 11.98)
  • GF Value™: €410.09 vs. price of €542.50 (32.3% above fair value)
  • GF Score™: 76/100 with 9 warning signs
  • Industry Position: 333.9% above the Retail - Cyclical median (#134 of 1136)

No single metric tells the full story. See the FRA:1MU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Murphy USA Business Description

Other Exchanges MUSA:USAMUSA1:Mexico
Address 200 Peach Street, El Dorado, AR, USA, 71730-5836
Murphy USA Inc is mainly engaged in the marketing of retail motor fuel products and convenience merchandise through a network of several retail stores in the Southwest, Southeast, Midwest, and Northeast United States. The majority of Murphy USA's stores are located in proximity to Walmart Supercenters, but it also operates standalone stores that market gasoline and other products under the Murphy USA, Murphy Express, and QuickChek brands. In addition, the company also markets fuel to unbranded wholesale customers through a mixture of company-owned and third-party product distribution terminals and pipeline positions. The firm generates maximum revenue through retail sales of petroleum products, and the rest from merchandise sales and wholesale of petroleum products.
76GF Score

Get the complete analysis for FRA:1MU

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

€542.50
Price
€410.09
GF Value