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Petronet LNGNSE:PETRONET -1.20%81 Return-on-Tangible-Asset is 16.58% as of Jun. 2026, which is 10% above its 10-year median of 15.05. GuruFocus rates NSE:PETRONET with a GF Score™ of 81/100 and a GF Value™ of ₹226.63 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,035 Oil & Gas companies, Petronet LNG ranks better than 91.79% 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. Petronet LNG's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹45,486 Mil. Petronet LNG's average total tangible assets for the quarter that ended in Jun. 2026 was ₹274,284 Mil. Therefore, Petronet LNG's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 16.58%.
The historical rank and industry rank for Petronet LNG's Return-on-Tangible-Asset or its related term are showing as below:
NSE:PETRONET'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 13.07 Med: 15.05 Max: 17
Current: 15.22
During the past 13 years, Petronet LNG's highest Return-on-Tangible-Asset was 17.00%. The lowest was 13.07%. And the median was 15.05%.
NSE:PETRONET's Return-on-Tangible-Asset is ranked better than 91.79% of 1035
companies
in the Oil & Gas industry
Industry Median: 2.49
vs NSE:PETRONET: 15.22
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.
Petronet LNG Return-on-Tangible-Asset Related Terms
Petronet LNG Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Petronet LNG'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.
NSE:PETRONET vs MPC, VLO, PSX: Return-on-Tangible-Asset Comparison
For the Oil & Gas Refining & Marketing subindustry, Petronet LNG'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.
Petronet LNG Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Petronet LNG's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Petronet LNG'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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 16.58% mean?
Petronet LNG (NSE:PETRONET) has a Return-on-Tangible-Asset of 16.58% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Petronet LNG and its competitors. This is 10% above median its historical median of 15.05. Over the past decade, Petronet LNG's Return-on-Tangible-Asset has ranged from 13.07 to 17.00. According to the industry distribution chart, Petronet LNG ranks #85 out of 1035 companies in the Oil & Gas industry, placing it in the top 8.2%.
Is Petronet LNG's Return-on-Tangible-Asset too high?
Petronet LNG's current Return-on-Tangible-Asset of 16.58% is 10% above median its 10-year median of 15.05. Over the past 10 years, this metric has ranged from a low of 13.07 to a high of 17.00. The Oil & Gas industry median Return-on-Tangible-Asset is 2.49. Petronet LNG's value of 16.58% is 565.9% above this industry median. Based on the distribution chart, Petronet LNG ranks #85 out of 1035 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Petronet LNG has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Petronet LNG's Return-on-Tangible-Asset compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Petronet LNG ranks #85 out of 1035 companies for Return-on-Tangible-Asset. This places Petronet LNG in the top 8% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.49. Petronet LNG's value of 16.58% is 565.9% above this benchmark. Historically, Petronet LNG's own Return-on-Tangible-Asset has ranged from 13.07 to 17.00 over the past decade. While the company's 10-year median is 15.05 vs. the industry median of 2.49, Petronet LNG 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 2.49, based on 1,035 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. Petronet LNG's current Return-on-Tangible-Asset of 16.58% is 565.9% 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 Petronet LNG and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 2.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Petronet LNG's current Return-on-Tangible-Asset is 16.58%, which is 10% above median its own 10-year median of 15.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Petronet LNG stock overvalued right now?
Based on GuruFocus' analysis, Petronet LNG (NSE:PETRONET) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹226.63, compared to a current price of ₹289.00 — trading 27.5% above its estimated fair value. The current Return-on-Tangible-Asset is 16.58%, which is 10% above median its 10-year median of 15.05 and 565.9% above the Oil & Gas industry median of 2.49. Petronet LNG's overall GF Score™ is 81/100 with 6 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 Petronet LNG (NSE:PETRONET), the current Return-on-Tangible-Asset is 16.58% as of Jun. 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 Petronet LNG (NSE:PETRONET) Overvalued in 2026?
Based on GuruFocus' analysis, Petronet LNG stock appears to be overvalued.
The current stock price of ₹289.00 is trading 27.5% above its estimated GF Value™ of ₹226.63.
GuruFocus considers Petronet LNG to be Modestly Overvalued.
Key valuation signals for NSE:PETRONET:
Return-on-Tangible-Asset: 16.58% (10% above median its 10-year median of 15.05)
GF Value™: ₹226.63 vs. price of ₹289.00 (27.5% above fair value)
Industry Position: 565.9% above the Oil & Gas median (#85 of 1035)
No single metric tells the full story. See the NSE:PETRONET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Petronet LNG Ltd is an oil and gas refining and marketing company formed by the government of India. The company operates liquified natural gas receiving and regasification terminals across India. Through its terminals, it also offers tolling services and re-loading terminals. The company has a single operating segment which is Natural Gas Business. Petronet LNG also owns a solid cargo port at Dahej with facilities to import and export products such as steel, coal, and fertilizer in bulk. Sales are largely composed of regasified liquefied natural gas and the majority of its revenue is derived from India.
81GF Score
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