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. New Fortress Energy's annualizedNet Income for the quarter that ended in Mar. 2026 was $-1,600 Mil. New Fortress Energy's average total tangible assets for the quarter that ended in Mar. 2026 was $10,285 Mil. Therefore, New Fortress Energy's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -15.55%.
The historical rank and industry rank for New Fortress Energy's Return-on-Tangible-Asset or its related term are showing as below:
NFE'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -18.17 Med: -6.1 Max: 6.63
Current: -18.17
During the past 10 years, New Fortress Energy's highest Return-on-Tangible-Asset was 6.63%. The lowest was -18.17%. And the median was -6.10%.
NFE's Return-on-Tangible-Asset is ranked worse than 84.38% of 1024
companies
in the Oil & Gas industry
Industry Median: 1.98
vs NFE: -18.17
New Fortress Energy (NAS:NFE) 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.
New Fortress Energy Return-on-Tangible-Asset Related Terms
New Fortress Energy Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for New Fortress Energy'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.
New Fortress Energy Return-on-Tangible-Asset Chart
NFE vs MMLP, DLNG, PXS: Return-on-Tangible-Asset Comparison
For the Oil & Gas Midstream subindustry, New Fortress Energy'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.
New Fortress Energy Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, New Fortress Energy's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where New Fortress Energy'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 -15.55% mean?
New Fortress Energy (NFE) has a Return-on-Tangible-Asset of -15.55% 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 New Fortress Energy and its competitors. According to the industry distribution chart, New Fortress Energy ranks #864 out of 1024 companies in the Oil & Gas industry, placing it in the top 84.4%.
Is New Fortress Energy's Return-on-Tangible-Asset too high?
New Fortress Energy's current Return-on-Tangible-Asset is -15.55%. Based on the distribution chart, New Fortress Energy ranks #864 out of 1024 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, New Fortress Energy has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does New Fortress Energy's Return-on-Tangible-Asset compare to MMLP and DLNG?
According to the Oil & Gas industry distribution chart, New Fortress Energy ranks #864 out of 1024 companies for Return-on-Tangible-Asset. This places New Fortress Energy in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.98. 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 1.98, based on 1,024 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 New Fortress Energy and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 1.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Fortress Energy's current Return-on-Tangible-Asset is -15.55%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Fortress Energy stock overvalued right now?
Based on GuruFocus' analysis, New Fortress Energy (NFE) is currently considered Possible Value Trap. The stock's GF Value™ is $4.40, compared to a current price of $0.36 — trading 91.9% below its estimated fair value. The current Return-on-Tangible-Asset is -15.55%. New Fortress Energy's overall GF Score™ is 49/100 with 10 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 New Fortress Energy (NFE), the current Return-on-Tangible-Asset is -15.55% 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 New Fortress Energy (NFE) Overvalued in 2026?
Based on GuruFocus' analysis, New Fortress Energy stock appears to be undervalued.
The current stock price of $0.36 is trading 91.9% below its estimated GF Value™ of $4.40.
GuruFocus considers New Fortress Energy to be Possible Value Trap.
Key valuation signals for NFE:
Return-on-Tangible-Asset: -15.55%
GF Value™: $4.40 vs. price of $0.36 (91.9% below fair value)
No single metric tells the full story. See the NFE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
New Fortress Energy Inc is an integrated gas-to-power company. It owns and operates natural gas and liquefied natural gas (LNG) infrastructure, and an integrated fleet of ships and logistics assets to deliver turnkey energy solutions to markets globally. The company's reportable segments are: Terminals and Infrastructure, and Ships. Maximum revenue is generated from the Terminals and Infrastructure segment, which includes vertically integrated gas-to-power solutions, spanning the entire production and delivery chain from natural gas procurement and liquefaction to logistics, shipping, facilities, and conversion or development of natural gas-fired power generation. Vessels that are utilized in the company's terminal, logistics, or sub-charter operations are included in this segment.
49GF Score
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