Al Maha Petroleum Products Marketing CoOG (MUS:MHAS) Return-on-Tangible-Asset: 5.30% (As of Mar. 2026) — 37% Above Median


MUS:MHAS Al Maha Petroleum Products Marketing Co SAOG MUS:MHAS
100 GF Score
Price ر.ع1.20
GF Value ر.ع1.06
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Al Maha Petroleum Products Marketing CoOG Return-on-Tangible-Asset?

Al Maha Petroleum Products Marketing CoOG MUS:MHAS 100 Return-on-Tangible-Asset is 5.30% as of Mar. 2026, which is 37% above its 10-year median of 3.86. GuruFocus rates MUS:MHAS with a GF Score™ of 100/100 and a GF Value™ of ر.ع1.06 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,025 Oil & Gas companies, Al Maha Petroleum Products Marketing CoOG ranks better than 65.56% 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. Al Maha Petroleum Products Marketing CoOG's annualized Net Income for the quarter that ended in Mar. 2026 was ر.ع8.8 Mil. Al Maha Petroleum Products Marketing CoOG's average total tangible assets for the quarter that ended in Mar. 2026 was ر.ع166.4 Mil. Therefore, Al Maha Petroleum Products Marketing CoOG's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 5.30%.

The historical rank and industry rank for Al Maha Petroleum Products Marketing CoOG's Return-on-Tangible-Asset or its related term are showing as below:

MUS:MHAS' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.62   Med: 3.86   Max: 7.62
Current: 4.54

During the past 13 years, Al Maha Petroleum Products Marketing CoOG's highest Return-on-Tangible-Asset was 7.62%. The lowest was 0.62%. And the median was 3.86%.

MUS:MHAS's Return-on-Tangible-Asset is ranked better than
65.56% of 1025 companies
in the Oil & Gas industry
Industry Median: 1.99 vs MUS:MHAS: 4.54

Al Maha Petroleum Products Marketing CoOG  (MUS:MHAS) 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 company’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 company’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.


Al Maha Petroleum Products Marketing CoOG Return-on-Tangible-Asset Related Terms


Al Maha Petroleum Products Marketing CoOG Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Al Maha Petroleum Products Marketing CoOG'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.

Al Maha Petroleum Products Marketing CoOG Return-on-Tangible-Asset Chart

Al Maha Petroleum Products Marketing CoOG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.08 4.30 3.97 3.75 3.89

Al Maha Petroleum Products Marketing CoOG Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.90 5.91 5.48 1.60 5.30

MUS:MHAS vs VLO, MPC, PSX: Return-on-Tangible-Asset Comparison

For the Oil & Gas Refining & Marketing subindustry, Al Maha Petroleum Products Marketing CoOG'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.


Al Maha Petroleum Products Marketing CoOG Return-on-Tangible-Asset vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Al Maha Petroleum Products Marketing CoOG's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Al Maha Petroleum Products Marketing CoOG's Return-on-Tangible-Asset falls into.


MUS:MHAS
100GF Score
Al Maha Petroleum Products Marketing Co SAOG MUS:MHAS
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
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Al Maha Petroleum Products Marketing CoOG Return-on-Tangible-Asset Calculation

Al Maha Petroleum Products Marketing CoOG's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=6.163/( (156.028+161.133)/ 2 )
=6.163/158.5805
=3.89 %

Al Maha Petroleum Products Marketing CoOG's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=8.824/( (161.133+171.664)/ 2 )
=8.824/166.3985
=5.30 %

* 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 5.30% mean?
Al Maha Petroleum Products Marketing CoOG (MUS:MHAS) has a Return-on-Tangible-Asset of 5.30% 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 Al Maha Petroleum Products Marketing CoOG and its competitors. This is 37% above median its historical median of 3.86. Over the past decade, Al Maha Petroleum Products Marketing CoOG's Return-on-Tangible-Asset has ranged from 0.62 to 7.62. According to the industry distribution chart, Al Maha Petroleum Products Marketing CoOG ranks #353 out of 1025 companies in the Oil & Gas industry, placing it in the top 34.4%.
Is Al Maha Petroleum Products Marketing CoOG's Return-on-Tangible-Asset too high?
Al Maha Petroleum Products Marketing CoOG's current Return-on-Tangible-Asset of 5.30% is 37% above median its 10-year median of 3.86. Over the past 10 years, this metric has ranged from a low of 0.62 to a high of 7.62. The Oil & Gas industry median Return-on-Tangible-Asset is 1.99. Al Maha Petroleum Products Marketing CoOG's value of 5.30% is 166.3% above this industry median. Based on the distribution chart, Al Maha Petroleum Products Marketing CoOG ranks #353 out of 1025 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Al Maha Petroleum Products Marketing CoOG has a GF Score™ of 100/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Al Maha Petroleum Products Marketing CoOG's Return-on-Tangible-Asset compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Al Maha Petroleum Products Marketing CoOG ranks #353 out of 1025 companies for Return-on-Tangible-Asset. This puts Al Maha Petroleum Products Marketing CoOG in the upper half of its industry. The industry median Return-on-Tangible-Asset is 1.99. Al Maha Petroleum Products Marketing CoOG's value of 5.30% is 166.3% above this benchmark. Historically, Al Maha Petroleum Products Marketing CoOG's own Return-on-Tangible-Asset has ranged from 0.62 to 7.62 over the past decade. While the company's 10-year median is 3.86 vs. the industry median of 1.99, Al Maha Petroleum Products Marketing CoOG 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 1.99, based on 1,025 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. Al Maha Petroleum Products Marketing CoOG's current Return-on-Tangible-Asset of 5.30% is 166.3% 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 Al Maha Petroleum Products Marketing CoOG and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 1.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Al Maha Petroleum Products Marketing CoOG's current Return-on-Tangible-Asset is 5.30%, which is 37% above median its own 10-year median of 3.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Al Maha Petroleum Products Marketing CoOG stock overvalued right now?
Based on GuruFocus' analysis, Al Maha Petroleum Products Marketing CoOG (MUS:MHAS) is currently considered Modestly Overvalued. The stock's GF Value™ is ر.ع1.06, compared to a current price of ر.ع1.20 — trading 13.2% above its estimated fair value. The current Return-on-Tangible-Asset is 5.30%, which is 37% above median its 10-year median of 3.86 and 166.3% above the Oil & Gas industry median of 1.99. Al Maha Petroleum Products Marketing CoOG's overall GF Score™ is 100/100 with 3 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 Al Maha Petroleum Products Marketing CoOG (MUS:MHAS), the current Return-on-Tangible-Asset is 5.30% 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 Al Maha Petroleum Products Marketing CoOG (MUS:MHAS) Overvalued in 2026?

Based on GuruFocus' analysis, Al Maha Petroleum Products Marketing CoOG stock appears to be overvalued. The current stock price of ر.ع1.20 is trading 13.2% above its estimated GF Value™ of ر.ع1.06. GuruFocus considers Al Maha Petroleum Products Marketing CoOG to be Modestly Overvalued.

Key valuation signals for MUS:MHAS:

  • Return-on-Tangible-Asset: 5.30% (37% above median its 10-year median of 3.86)
  • GF Value™: ر.ع1.06 vs. price of ر.ع1.20 (13.2% above fair value)
  • GF Score™: 100/100 with 3 warning signs
  • Industry Position: 166.3% above the Oil & Gas median (#353 of 1025)

No single metric tells the full story. See the MUS:MHAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Al Maha Petroleum Products Marketing CoOG Business Description

Industry EnergyOil & Gas
Address Mina Al Fahal, P.O. Box 57, Mina Al Fahal, OMN, 116
Al Maha Petroleum Products Marketing Co SAOG engaged in strategic marketing and distributing a diverse range of petroleum products, including Gasoline (M91 & M95), diesel, aviation fuel, kerosene, and lubricants. The company maintains a network of service stations throughout Oman. Its product portfolio covers Gasoline, Diesel, Aviation fuel, Kerosene, and Lubricants. The company operates its business through the segments of Retail sales, Commercial sales, Aviation, Non-Fuel Revenue and Lubricant. The retail sales segment derives key revenue for the company which includes sales made through company-operated stations, dealer-operated stations, and third-party-operated stations.
100GF Score

Get the complete analysis for MUS:MHAS

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

ر.ع1.20
Price
ر.ع1.06
GF Value