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Innovex InternationalINVX -1.46%21 Return-on-Tangible-Asset is 9.18% as of Jun. 2026, which is 52% below its 10-year median of 19.15. GuruFocus rates INVX with a GF Score™ of 21/100. The stock has 5 warning signs investors should review. Among 1,035 Oil & Gas companies, Innovex International ranks better than 69.18% 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. Innovex International's annualizedNet Income for the quarter that ended in Jun. 2026 was $100.1 Mil. Innovex International's average total tangible assets for the quarter that ended in Jun. 2026 was $1,091.2 Mil. Therefore, Innovex International's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 9.18%.
The historical rank and industry rank for Innovex International's Return-on-Tangible-Asset or its related term are showing as below:
INVX'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.24 Med: 19.15 Max: 21.28
Current: 5.83
During the past 5 years, Innovex International's highest Return-on-Tangible-Asset was 21.28%. The lowest was 4.24%. And the median was 19.15%.
INVX's Return-on-Tangible-Asset is ranked better than 69.18% of 1035
companies
in the Oil & Gas industry
Industry Median: 2.49
vs INVX: 5.83
Innovex International (NYSE:INVX) 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.
Innovex International Return-on-Tangible-Asset Related Terms
Innovex International Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Innovex 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.
Innovex International Return-on-Tangible-Asset Chart
INVX vs NEXT, XPRO, WBI: Return-on-Tangible-Asset Comparison
For the Oil & Gas Equipment & Services subindustry, Innovex 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.
Innovex International Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Innovex International's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Innovex 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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 9.18% mean?
Innovex International (INVX) has a Return-on-Tangible-Asset of 9.18% 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 Innovex International and its competitors. This is 52% below median its historical median of 19.15. Over the past decade, Innovex International's Return-on-Tangible-Asset has ranged from 4.24 to 21.28. According to the industry distribution chart, Innovex International ranks #319 out of 1035 companies in the Oil & Gas industry, placing it in the top 30.8%.
Is Innovex International's Return-on-Tangible-Asset too high?
Innovex International's current Return-on-Tangible-Asset of 9.18% is 52% below median its 10-year median of 19.15. Over the past 10 years, this metric has ranged from a low of 4.24 to a high of 21.28. The Oil & Gas industry median Return-on-Tangible-Asset is 2.49. Innovex International's value of 9.18% is 268.7% above this industry median. Based on the distribution chart, Innovex International ranks #319 out of 1035 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Innovex International has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Innovex International's Return-on-Tangible-Asset compare to NEXT and XPRO?
According to the Oil & Gas industry distribution chart, Innovex International ranks #319 out of 1035 companies for Return-on-Tangible-Asset. This puts Innovex International in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.49. Innovex International's value of 9.18% is 268.7% above this benchmark. Historically, Innovex International's own Return-on-Tangible-Asset has ranged from 4.24 to 21.28 over the past decade. While the company's 10-year median is 19.15 vs. the industry median of 2.49, Innovex International 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 2.49, based on 1,035 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. Innovex International's current Return-on-Tangible-Asset of 9.18% is 268.7% 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 Innovex International and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 2.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Innovex International's current Return-on-Tangible-Asset is 9.18%, which is 52% below median its own 10-year median of 19.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Innovex International stock overvalued right now?
Innovex International (INVX) has a current Return-on-Tangible-Asset of 9.18%. The current Return-on-Tangible-Asset is 9.18%, which is 52% below median its 10-year median of 19.15 and 268.7% above the Oil & Gas industry median of 2.49. Innovex International's overall GF Score™ is 21/100 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 Innovex International (INVX), the current Return-on-Tangible-Asset is 9.18% 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.
Innovex International Inc designs, manufactures, sells, and rents mission-critical engineered products to the oil and natural gas industry. Its products are Subsea, Surface Wellheads, Well Construction, Well Completion, Production Solutions, Fishing & Intervention. Its products support upstream onshore and offshore activities. The group's geographic regions are North America, Latin America, Middle East & Asia Pacific, and Europe & Africa.
21GF Score
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