Natural Gas Services GroupNGS +5.03%78 Return-on-Tangible-Asset is 4.60% as of Mar. 2026, which is 411% above its 10-year median of 0.90. GuruFocus rates NGS with a GF Scoreâ„¢ of 78/100 and a GF Valueâ„¢ of $28.35 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,025 Oil & Gas companies, Natural Gas Services Group ranks better than 62.54% 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. Natural Gas Services Group's annualizedNet Income for the quarter that ended in Mar. 2026 was $27.1 Mil. Natural Gas Services Group's average total tangible assets for the quarter that ended in Mar. 2026 was $587.9 Mil. Therefore, Natural Gas Services Group's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.60%.
The historical rank and industry rank for Natural Gas Services Group's Return-on-Tangible-Asset or its related term are showing as below:
NGS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -4.8 Med: 0.9 Max: 6.96
Current: 3.95
During the past 13 years, Natural Gas Services Group's highest Return-on-Tangible-Asset was 6.96%. The lowest was -4.80%. And the median was 0.90%.
NGS's Return-on-Tangible-Asset is ranked better than 62.54% of 1025
companies
in the Oil & Gas industry
Industry Median: 1.99
vs NGS: 3.95
Natural Gas Services Group (NYSE:NGS) 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 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.
Natural Gas Services Group Return-on-Tangible-Asset Related Terms
Natural Gas Services Group Return-on-Tangible-Asset Historical Data
* 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.
Natural Gas Services Group Return-on-Tangible-Asset Chart
NGS vs FET, EROK, CLB: Return-on-Tangible-Asset Comparison
For the Oil & Gas Equipment & Services subindustry, Natural Gas Services Group'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.
Natural Gas Services Group Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Natural Gas Services Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Natural Gas Services Group'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 4.60% mean?
Natural Gas Services Group (NGS) has a Return-on-Tangible-Asset of 4.60% 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 Natural Gas Services Group and its competitors. This is 411% above median its historical median of 0.90. According to the industry distribution chart, Natural Gas Services Group ranks #384 out of 1025 companies in the Oil & Gas industry, placing it in the top 37.5%.
Is Natural Gas Services Group's Return-on-Tangible-Asset too high?
Natural Gas Services Group's current Return-on-Tangible-Asset of 4.60% is 411% above median its 10-year median of 0.90. The Oil & Gas industry median Return-on-Tangible-Asset is 1.99. Natural Gas Services Group's value of 4.60% is 131.2% above this industry median. Based on the distribution chart, Natural Gas Services Group ranks #384 out of 1025 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Natural Gas Services Group has a GF Scoreâ„¢ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Natural Gas Services Group's Return-on-Tangible-Asset compare to FET and EROK?
According to the Oil & Gas industry distribution chart, Natural Gas Services Group ranks #384 out of 1025 companies for Return-on-Tangible-Asset. This puts Natural Gas Services Group in the upper half of its industry. The industry median Return-on-Tangible-Asset is 1.99. Natural Gas Services Group's value of 4.60% is 131.2% above this benchmark. While the company's 10-year median is 0.90 vs. the industry median of 1.99, Natural Gas Services Group 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. Natural Gas Services Group's current Return-on-Tangible-Asset of 4.60% is 131.2% 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 Natural Gas Services Group 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. Natural Gas Services Group's current Return-on-Tangible-Asset is 4.60%, which is 411% above median its own 10-year median of 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Natural Gas Services Group stock overvalued right now?
Based on GuruFocus' analysis, Natural Gas Services Group (NGS) is currently considered Significantly Overvalued. The stock's GF Value™ is $28.35, compared to a current price of $40.71 — trading 43.6% above its estimated fair value. The current Return-on-Tangible-Asset is 4.60%, which is 411% above median its 10-year median of 0.90 and 131.2% above the Oil & Gas industry median of 1.99. Natural Gas Services Group's overall GF Score™ is 78/100 with 8 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 Natural Gas Services Group (NGS), the current Return-on-Tangible-Asset is 4.60% 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 Natural Gas Services Group (NGS) Overvalued in 2026?
Based on GuruFocus' analysis, Natural Gas Services Group stock appears to be overvalued.
The current stock price of $40.71 is trading 43.6% above its estimated GF Value™ of $28.35.
GuruFocus considers Natural Gas Services Group to be Significantly Overvalued.
Key valuation signals for NGS:
Return-on-Tangible-Asset: 4.60% (411% above median its 10-year median of 0.90)
GF Value™: $28.35 vs. price of $40.71 (43.6% above fair value)
Industry Position: 131.2% above the Oil & Gas median (#384 of 1025)
No single metric tells the full story. See the NGS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Natural Gas Services Group Inc provides natural gas compression equipment and services to the energy industry. The company manufactures, fabricates, rents, sells, and maintains natural gas compressors and flare systems for oil and natural gas production and plant facilities. Its operating units include Rental, Sales, and Aftermarket services. It operates in one reporting segment. The company generates the majority of its revenue by renting out low- to medium-horsepower compression equipment to natural gas production companies in unconventional oil and gas regions of the United States.
78GF Score
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