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KNOT Offshore Partners LPKNOP -0.57%62 Return-on-Tangible-Asset is 0.63% as of Mar. 2026, which is 81% below its 10-year median of 3.37. GuruFocus rates KNOP with a GF Scoreâ„¢ of 62/100 and a GF Valueâ„¢ of $8.10 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 1,027 Oil & Gas companies, KNOT Offshore Partners LP ranks worse than 56.28% 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. KNOT Offshore Partners LP's annualizedNet Income for the quarter that ended in Mar. 2026 was $10.5 Mil. KNOT Offshore Partners LP's average total tangible assets for the quarter that ended in Mar. 2026 was $1,673.9 Mil. Therefore, KNOT Offshore Partners LP's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.63%.
The historical rank and industry rank for KNOT Offshore Partners LP's Return-on-Tangible-Asset or its related term are showing as below:
KNOP'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.06 Med: 3.37 Max: 4.86
Current: 1.1
During the past 13 years, KNOT Offshore Partners LP's highest Return-on-Tangible-Asset was 4.86%. The lowest was -2.06%. And the median was 3.37%.
KNOP's Return-on-Tangible-Asset is ranked worse than 56.28% of 1027
companies
in the Oil & Gas industry
Industry Median: 2.07
vs KNOP: 1.10
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 companyÂ’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 companyÂ’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.
KNOT Offshore Partners LP Return-on-Tangible-Asset Related Terms
KNOT Offshore Partners LP Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for KNOT Offshore Partners 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.
KNOP vs SMC, IMPP, TORO: Return-on-Tangible-Asset Comparison
For the Oil & Gas Midstream subindustry, KNOT Offshore Partners 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.
KNOT Offshore Partners LP Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, KNOT Offshore Partners LP's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where KNOT Offshore Partners 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 0.63% mean?
KNOT Offshore Partners LP (KNOP) has a Return-on-Tangible-Asset of 0.63% 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 KNOT Offshore Partners LP and its competitors. This is 81% below median its historical median of 3.37. According to the industry distribution chart, KNOT Offshore Partners LP ranks #578 out of 1027 companies in the Oil & Gas industry, placing it in the top 56.3%.
Is KNOT Offshore Partners LP's Return-on-Tangible-Asset too high?
KNOT Offshore Partners LP's current Return-on-Tangible-Asset of 0.63% is 81% below median its 10-year median of 3.37. The Oil & Gas industry median Return-on-Tangible-Asset is 2.07. KNOT Offshore Partners LP's value of 0.63% is 69.6% below this industry median. Based on the distribution chart, KNOT Offshore Partners LP ranks #578 out of 1027 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, KNOT Offshore Partners LP has a GF Scoreâ„¢ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KNOT Offshore Partners LP's Return-on-Tangible-Asset compare to SMC and IMPP?
According to the Oil & Gas industry distribution chart, KNOT Offshore Partners LP ranks #578 out of 1027 companies for Return-on-Tangible-Asset. This places KNOT Offshore Partners LP in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.07. KNOT Offshore Partners LP's value of 0.63% is 69.6% below this benchmark. While the company's 10-year median is 3.37 vs. the industry median of 2.07, KNOT Offshore Partners LP has consistently been below 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 2.07, 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. KNOT Offshore Partners LP's current Return-on-Tangible-Asset of 0.63% is 69.6% below 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 KNOT Offshore Partners LP and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KNOT Offshore Partners LP's current Return-on-Tangible-Asset is 0.63%, which is 81% below median its own 10-year median of 3.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KNOT Offshore Partners LP stock overvalued right now?
Based on GuruFocus' analysis, KNOT Offshore Partners LP (KNOP) is currently considered Modestly Overvalued. The stock's GF Value™ is $8.10, compared to a current price of $10.44 — trading 28.9% above its estimated fair value. The current Return-on-Tangible-Asset is 0.63%, which is 81% below median its 10-year median of 3.37 and 69.6% below the Oil & Gas industry median of 2.07. KNOT Offshore Partners LP's overall GF Score™ is 62/100 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 KNOT Offshore Partners LP (KNOP), the current Return-on-Tangible-Asset is 0.63% 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 KNOT Offshore Partners LP (KNOP) Overvalued in 2026?
Based on GuruFocus' analysis, KNOT Offshore Partners LP stock appears to be overvalued.
The current stock price of $10.44 is trading 28.9% above its estimated GF Value™ of $8.10.
GuruFocus considers KNOT Offshore Partners LP to be Modestly Overvalued.
Key valuation signals for KNOP:
Return-on-Tangible-Asset: 0.63% (81% below median its 10-year median of 3.37)
GF Value™: $8.10 vs. price of $10.44 (28.9% above fair value)
Industry Position: 69.6% below the Oil & Gas median (#578 of 1027)
No single metric tells the full story. See the KNOP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KNOT Offshore Partners LP owns, operates, and shuttles tankers under long-term charters in the North Sea and Brazil. The company provides crude oil loading, transportation, and storage services under time charters and bareboat charters. The Partnership is formed for acquiring ownership interests in over four shuttle tankers owned by Knutsen NYK Offshore Tankers AS (KNOT). It operates through the shuttle tanker market segment.
62GF Score
Get the complete analysis for KNOP
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