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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. NG Energy International's annualizedNet Income for the quarter that ended in Mar. 2026 was $223.73 Mil. NG Energy International's average total tangible assets for the quarter that ended in Mar. 2026 was $239.67 Mil. Therefore, NG Energy International's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 93.35%.
The historical rank and industry rank for NG Energy International's Return-on-Tangible-Asset or its related term are showing as below:
GASXF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -188.43 Med: -25.3 Max: 18.51
Current: 18.51
During the past 13 years, NG Energy International's highest Return-on-Tangible-Asset was 18.51%. The lowest was -188.43%. And the median was -25.30%.
GASXF's Return-on-Tangible-Asset is ranked better than 95.31% of 1024
companies
in the Oil & Gas industry
Industry Median: 2.08
vs GASXF: 18.51
NG Energy International (OTCPK:GASXF) 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.
NG Energy International Return-on-Tangible-Asset Related Terms
NG Energy International Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for NG Energy International'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.
NG Energy International Return-on-Tangible-Asset Chart
GASXF vs COP, EOG, FANG: Return-on-Tangible-Asset Comparison
For the Oil & Gas E&P subindustry, NG Energy International'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.
NG Energy International Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NG Energy International's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where NG Energy International'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 93.35% mean?
NG Energy International (GASXF) has a Return-on-Tangible-Asset of 93.35% 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 NG Energy International and its competitors. According to the industry distribution chart, NG Energy International ranks #48 out of 1024 companies in the Oil & Gas industry, placing it in the top 4.7%.
Is NG Energy International's Return-on-Tangible-Asset too high?
NG Energy International's current Return-on-Tangible-Asset is 93.35%. The Oil & Gas industry median Return-on-Tangible-Asset is 2.08. NG Energy International's value of 93.35% is 4388% above this industry median. Based on the distribution chart, NG Energy International ranks #48 out of 1024 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, NG Energy International has a GF Score™ of 27/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NG Energy International's Return-on-Tangible-Asset compare to COP and EOG?
According to the Oil & Gas industry distribution chart, NG Energy International ranks #48 out of 1024 companies for Return-on-Tangible-Asset. This places NG Energy International in the top 5% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.08. NG Energy International's value of 93.35% is 4388% above 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 2.08, based on 1,024 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. NG Energy International's current Return-on-Tangible-Asset of 93.35% is 4388% 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 NG Energy International and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 2.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NG Energy International's current Return-on-Tangible-Asset is 93.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NG Energy International stock overvalued right now?
Based on GuruFocus' analysis, NG Energy International (GASXF) is currently considered Fairly Valued. The stock's GF Value™ is $0.97, compared to a current price of $0.95 — trading 2% below its estimated fair value. The current Return-on-Tangible-Asset is 93.35% and 4388% above the Oil & Gas industry median of 2.08. NG Energy International's overall GF Score™ is 27/100 with 4 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 NG Energy International (GASXF), the current Return-on-Tangible-Asset is 93.35% 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 NG Energy International (GASXF) Overvalued in 2026?
Based on GuruFocus' analysis, NG Energy International stock appears to be undervalued.
The current stock price of $0.95 is trading 2% below its estimated GF Value™ of $0.97.
GuruFocus considers NG Energy International to be Fairly Valued.
Key valuation signals for GASXF:
Return-on-Tangible-Asset: 93.35%
GF Value™: $0.97 vs. price of $0.95 (2% below fair value)
Industry Position: 4388% above the Oil & Gas median (#48 of 1024)
No single metric tells the full story. See the GASXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NG Energy International Corp is an oil and gas company. It is engaged in the business of exploration and development of oil and gas. The company derives key revenue from the sales of oil and natural gas. The company's principal oil and natural gas properties include Maria Conchita Block, SN-9 Block, Tiburon Block, and VMM39 Block in Colombia.
27GF Score
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