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Northern Oil & GasHAM:4LT1 -0.78%58 Return-on-Tangible-Asset is 16.72% as of Jun. 2026, which is 2597% above its 10-year median of 0.62. GuruFocus rates HAM:4LT1 with a GF Score™ of 58/100 and a GF Value™ of €26.38. The stock has 5 warning signs investors should review. Among 1,038 Oil & Gas companies, Northern Oil & Gas ranks worse than 78.03% 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. Northern Oil & Gas's annualizedNet Income for the quarter that ended in Jun. 2026 was €822 Mil. Northern Oil & Gas's average total tangible assets for the quarter that ended in Jun. 2026 was €4,914 Mil. Therefore, Northern Oil & Gas's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 16.72%.
The historical rank and industry rank for Northern Oil & Gas's Return-on-Tangible-Asset or its related term are showing as below:
HAM:4LT1'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -65.24 Med: 0.62 Max: 35.16
Current: -8.69
During the past 13 years, Northern Oil & Gas's highest Return-on-Tangible-Asset was 35.16%. The lowest was -65.24%. And the median was 0.62%.
HAM:4LT1's Return-on-Tangible-Asset is ranked worse than 78.03% of 1038
companies
in the Oil & Gas industry
Industry Median: 2.38
vs HAM:4LT1: -8.69
Northern Oil & Gas (HAM:4LT1) 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.
Northern Oil & Gas Return-on-Tangible-Asset Related Terms
Northern Oil & Gas Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Northern Oil & Gas'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.
HAM:4LT1 vs MNR, TALO, BKV: Return-on-Tangible-Asset Comparison
For the Oil & Gas E&P subindustry, Northern Oil & Gas'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.
Northern Oil & Gas Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Northern Oil & Gas's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Northern Oil & Gas'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 16.72% mean?
Northern Oil & Gas (HAM:4LT1) has a Return-on-Tangible-Asset of 16.72% 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 Northern Oil & Gas and its competitors. This is 2597% above median its historical median of 0.62. According to the industry distribution chart, Northern Oil & Gas ranks #810 out of 1038 companies in the Oil & Gas industry, placing it in the top 78%.
Is Northern Oil & Gas' Return-on-Tangible-Asset too high?
Northern Oil & Gas' current Return-on-Tangible-Asset of 16.72% is 2597% above median its 10-year median of 0.62. The Oil & Gas industry median Return-on-Tangible-Asset is 2.38. Northern Oil & Gas' value of 16.72% is 602.5% above this industry median. Based on the distribution chart, Northern Oil & Gas ranks #810 out of 1038 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Northern Oil & Gas has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does Northern Oil & Gas' Return-on-Tangible-Asset compare to MNR and TALO?
According to the Oil & Gas industry distribution chart, Northern Oil & Gas ranks #810 out of 1038 companies for Return-on-Tangible-Asset. This places Northern Oil & Gas in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.38. Northern Oil & Gas' value of 16.72% is 602.5% above this benchmark. While the company's 10-year median is 0.62 vs. the industry median of 2.38, Northern Oil & Gas 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 2.38, based on 1,038 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. Northern Oil & Gas's current Return-on-Tangible-Asset of 16.72% is 602.5% 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 Northern Oil & Gas and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 2.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northern Oil & Gas's current Return-on-Tangible-Asset is 16.72%, which is 2597% above median its own 10-year median of 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Oil & Gas stock overvalued right now?
Northern Oil & Gas (HAM:4LT1) has a current Return-on-Tangible-Asset of 16.72%. The stock's GF Value™ is €26.38, compared to a current price of €20.39 — trading 22.7% below its estimated fair value. The current Return-on-Tangible-Asset is 16.72%, which is 2597% above median its 10-year median of 0.62 and 602.5% above the Oil & Gas industry median of 2.38. Northern Oil & Gas' overall GF Score™ is 58/100 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 Northern Oil & Gas (HAM:4LT1), the current Return-on-Tangible-Asset is 16.72% 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 Northern Oil & Gas (HAM:4LT1) Overvalued in 2026?
Based on GuruFocus' analysis, Northern Oil & Gas stock appears to be undervalued.
The current stock price of €20.39 is trading 22.7% below its estimated GF Value™ of €26.38.
Key valuation signals for HAM:4LT1:
Return-on-Tangible-Asset: 16.72% (2597% above median its 10-year median of 0.62)
GF Value™: €26.38 vs. price of €20.39 (22.7% below fair value)
Industry Position: 602.5% above the Oil & Gas median (#810 of 1038)
No single metric tells the full story. See the HAM:4LT1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Northern Oil & Gas Inc is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil and natural gas properties. Its principal business is crude oil and natural gas exploration, development, and production. The company's oil and natural gas sales come from three geographic areas in the United States: the Williston Basin (North Dakota and Montana), the Permian Basin (New Mexico and Texas), the Uinta Basin, and the Appalachian Basin (Pennsylvania and Ohio).
58GF Score
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