Sembcorplalah Power & Water CompanyOG (MUS:SSPW) Return-on-Tangible-Asset: 8.37% (As of Mar. 2026) — 47% Above Median

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MUS:SSPW Sembcorp Salalah Power & Water Company SAOG MUS:SSPW
66 GF Score
Price ر.ع0.26
GF Value ر.ع0.11
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Sembcorplalah Power & Water CompanyOG Return-on-Tangible-Asset?

Sembcorplalah Power & Water CompanyOG MUS:SSPW +1.57% 66 Return-on-Tangible-Asset is 8.37% as of Mar. 2026, which is 47% above its 10-year median of 5.71. GuruFocus rates MUS:SSPW with a GF Score™ of 66/100 and a GF Value™ of ر.ع0.11 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 452 Utilities - Independent Power Producers companies, Sembcorplalah Power & Water CompanyOG ranks better than 88.94% 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. Sembcorplalah Power & Water CompanyOG's annualized Net Income for the quarter that ended in Mar. 2026 was ر.ع20.81 Mil. Sembcorplalah Power & Water CompanyOG's average total tangible assets for the quarter that ended in Mar. 2026 was ر.ع248.55 Mil. Therefore, Sembcorplalah Power & Water CompanyOG's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 8.37%.

The historical rank and industry rank for Sembcorplalah Power & Water CompanyOG's Return-on-Tangible-Asset or its related term are showing as below:

MUS:SSPW' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.16   Med: 5.71   Max: 9.23
Current: 9.23

During the past 13 years, Sembcorplalah Power & Water CompanyOG's highest Return-on-Tangible-Asset was 9.23%. The lowest was 3.16%. And the median was 5.71%.

MUS:SSPW's Return-on-Tangible-Asset is ranked better than
88.94% of 452 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.26 vs MUS:SSPW: 9.23

Sembcorplalah Power & Water CompanyOG  (MUS:SSPW) 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.


Sembcorplalah Power & Water CompanyOG Return-on-Tangible-Asset Related Terms


Sembcorplalah Power & Water CompanyOG Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Sembcorplalah Power & Water CompanyOG'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.

Sembcorplalah Power & Water CompanyOG Return-on-Tangible-Asset Chart

Sembcorplalah Power & Water CompanyOG 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 5.81 6.59 7.31 8.41 9.08

Sembcorplalah Power & Water CompanyOG 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 7.58 10.03 8.59 9.84 8.37

MUS:SSPW vs CEG, VST, NRG: Return-on-Tangible-Asset Comparison

For the Utilities - Independent Power Producers subindustry, Sembcorplalah Power & Water CompanyOG'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.


Sembcorplalah Power & Water CompanyOG Return-on-Tangible-Asset vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Sembcorplalah Power & Water CompanyOG's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Sembcorplalah Power & Water CompanyOG's Return-on-Tangible-Asset falls into.


MUS:SSPW
66GF Score
Sembcorp Salalah Power & Water Company SAOG MUS:SSPW
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sembcorplalah Power & Water CompanyOG Return-on-Tangible-Asset Calculation

Sembcorplalah Power & Water CompanyOG'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 )
=23.293/( (261.508+251.389)/ 2 )
=23.293/256.4485
=9.08 %

Sembcorplalah Power & Water CompanyOG'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 )
=20.812/( (251.389+245.703)/ 2 )
=20.812/248.546
=8.37 %

* 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 8.37% mean?
Sembcorplalah Power & Water CompanyOG (MUS:SSPW) has a Return-on-Tangible-Asset of 8.37% 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 Sembcorplalah Power & Water CompanyOG and its competitors. This is 47% above median its historical median of 5.71. Over the past decade, Sembcorplalah Power & Water CompanyOG's Return-on-Tangible-Asset has ranged from 3.16 to 9.23. According to the industry distribution chart, Sembcorplalah Power & Water CompanyOG ranks #50 out of 452 companies in the Utilities - Independent Power Producers industry, placing it in the top 11.1%.
Is Sembcorplalah Power & Water CompanyOG's Return-on-Tangible-Asset too high?
Sembcorplalah Power & Water CompanyOG's current Return-on-Tangible-Asset of 8.37% is 47% above median its 10-year median of 5.71. Over the past 10 years, this metric has ranged from a low of 3.16 to a high of 9.23. The Utilities - Independent Power Producers industry median Return-on-Tangible-Asset is 1.26. Sembcorplalah Power & Water CompanyOG's value of 8.37% is 564.3% above this industry median. Based on the distribution chart, Sembcorplalah Power & Water CompanyOG ranks #50 out of 452 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Sembcorplalah Power & Water CompanyOG has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sembcorplalah Power & Water CompanyOG's Return-on-Tangible-Asset compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Sembcorplalah Power & Water CompanyOG ranks #50 out of 452 companies for Return-on-Tangible-Asset. This places Sembcorplalah Power & Water CompanyOG in the top 11% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.26. Sembcorplalah Power & Water CompanyOG's value of 8.37% is 564.3% above this benchmark. Historically, Sembcorplalah Power & Water CompanyOG's own Return-on-Tangible-Asset has ranged from 3.16 to 9.23 over the past decade. While the company's 10-year median is 5.71 vs. the industry median of 1.26, Sembcorplalah Power & Water CompanyOG 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 Utilities - Independent Power Producers company?
The median Return-on-Tangible-Asset among Utilities - Independent Power Producers companies is 1.26, based on 452 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. Sembcorplalah Power & Water CompanyOG's current Return-on-Tangible-Asset of 8.37% is 564.3% 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 Sembcorplalah Power & Water CompanyOG and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Asset is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sembcorplalah Power & Water CompanyOG's current Return-on-Tangible-Asset is 8.37%, which is 47% above median its own 10-year median of 5.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sembcorplalah Power & Water CompanyOG stock overvalued right now?
Based on GuruFocus' analysis, Sembcorplalah Power & Water CompanyOG (MUS:SSPW) is currently considered Significantly Overvalued. The stock's GF Value™ is ر.ع0.11, compared to a current price of ر.ع0.26 — trading 135.5% above its estimated fair value. The current Return-on-Tangible-Asset is 8.37%, which is 47% above median its 10-year median of 5.71 and 564.3% above the Utilities - Independent Power Producers industry median of 1.26. Sembcorplalah Power & Water CompanyOG's overall GF Score™ is 66/100 with 7 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 Sembcorplalah Power & Water CompanyOG (MUS:SSPW), the current Return-on-Tangible-Asset is 8.37% 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 Sembcorplalah Power & Water CompanyOG (MUS:SSPW) Overvalued in 2026?

Based on GuruFocus' analysis, Sembcorplalah Power & Water CompanyOG stock appears to be overvalued. The current stock price of ر.ع0.26 is trading 135.5% above its estimated GF Value™ of ر.ع0.11. GuruFocus considers Sembcorplalah Power & Water CompanyOG to be Significantly Overvalued.

Key valuation signals for MUS:SSPW:

  • Return-on-Tangible-Asset: 8.37% (47% above median its 10-year median of 5.71)
  • GF Value™: ر.ع0.11 vs. price of ر.ع0.26 (135.5% above fair value)
  • GF Score™: 66/100 with 7 warning signs
  • Industry Position: 564.3% above the Utilities - Independent Power Producers median (#50 of 452)

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


Sembcorplalah Power & Water CompanyOG Business Description

Address PO Box 1466, Salalah, OMN, 211
Sembcorp Salalah Power & Water Company SAOG develops, owns, and operates an electricity generation and seawater desalination plant located between the towns of Taqah and Mirbat. The plant meets the growing power and water demands of the region over the short, medium, and long term. The company generates its revenues from PWPA with Oman Power & Water Procurement Company. Under the terms of the PWPA, the plant's contracted power and water capacity are sold exclusively to OPWP on a long-term take-or-pay basis.
66GF Score

Get the complete analysis for MUS:SSPW

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

ر.ع0.26
Price
ر.ع0.11
GF Value