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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. Mach Natural Resources LP's annualizedNet Income for the quarter that ended in Mar. 2026 was $-140 Mil. Mach Natural Resources LP's average total tangible assets for the quarter that ended in Mar. 2026 was $3,735 Mil. Therefore, Mach Natural Resources LP's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -3.75%.
The historical rank and industry rank for Mach Natural Resources LP's Return-on-Tangible-Asset or its related term are showing as below:
MNR'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.43 Med: 26 Max: 73.14
Current: 7.43
During the past 5 years, Mach Natural Resources LP's highest Return-on-Tangible-Asset was 73.14%. The lowest was 7.43%. And the median was 26.00%.
MNR's Return-on-Tangible-Asset is ranked better than 78.89% of 1028
companies
in the Oil & Gas industry
Industry Median: 2.055
vs MNR: 7.43
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.
Mach Natural Resources LP Return-on-Tangible-Asset Related Terms
Mach Natural Resources LP Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Mach Natural Resources 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.
MNR vs NOG, TALO, KRP: Return-on-Tangible-Asset Comparison
For the Oil & Gas E&P subindustry, Mach Natural Resources 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.
Mach Natural Resources LP Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Mach Natural Resources LP's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Mach Natural Resources 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 -3.75% mean?
Mach Natural Resources LP (MNR) has a Return-on-Tangible-Asset of -3.75% 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 Mach Natural Resources LP and its competitors. Over the past decade, Mach Natural Resources LP's Return-on-Tangible-Asset has ranged from 7.43 to 73.14. According to the industry distribution chart, Mach Natural Resources LP ranks #217 out of 1028 companies in the Oil & Gas industry, placing it in the top 21.1%.
Is Mach Natural Resources LP's Return-on-Tangible-Asset too high?
Mach Natural Resources LP's current Return-on-Tangible-Asset is -3.75%. Over the past 10 years, this metric has ranged from a low of 7.43 to a high of 73.14. Based on the distribution chart, Mach Natural Resources LP ranks #217 out of 1028 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Mach Natural Resources LP has a GF Score™ of 43/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mach Natural Resources LP's Return-on-Tangible-Asset compare to NOG and TALO?
According to the Oil & Gas industry distribution chart, Mach Natural Resources LP ranks #217 out of 1028 companies for Return-on-Tangible-Asset. This places Mach Natural Resources LP in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.06. Historically, Mach Natural Resources LP's own Return-on-Tangible-Asset has ranged from 7.43 to 73.14 over the past decade. 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 2.06, based on 1,028 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. 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 Mach Natural Resources LP and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 2.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mach Natural Resources LP's current Return-on-Tangible-Asset is -3.75%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mach Natural Resources LP stock overvalued right now?
Based on GuruFocus' analysis, Mach Natural Resources LP (MNR) is currently considered Fairly Valued. The stock's GF Value™ is $13.70, compared to a current price of $13.39 — trading 2.3% below its estimated fair value. The current Return-on-Tangible-Asset is -3.75%. Mach Natural Resources LP's overall GF Score™ is 43/100 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 Mach Natural Resources LP (MNR), the current Return-on-Tangible-Asset is -3.75% 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 Mach Natural Resources LP (MNR) Overvalued in 2026?
Based on GuruFocus' analysis, Mach Natural Resources LP stock appears to be undervalued.
The current stock price of $13.39 is trading 2.3% below its estimated GF Value™ of $13.70.
GuruFocus considers Mach Natural Resources LP to be Fairly Valued.
Key valuation signals for MNR:
Return-on-Tangible-Asset: -3.75%
GF Value™: $13.70 vs. price of $13.39 (2.3% below fair value)
No single metric tells the full story. See the MNR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mach Natural Resources LP is an independent upstream oil and gas company. The company is focused on the acquisition, development and production of oil, natural gas, and NGL reserves in the Anadarko Basin region of Western Oklahoma, Southern Kansas and the panhandle of Texas; the San Juan Basin region of New Mexico and Colorado; and the Permian Basin region of West Texas. The company is organized and managed as a single reportable segment, which is the exploration and production of oil, natural gas and NGLs (E&P Segment).
43GF Score
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