Neste OYJNTOIF 74 Return-on-Tangible-Asset is 13.00% as of Mar. 2026, which is 18% above its 10-year median of 10.98. GuruFocus rates NTOIF with a GF Score™ of 74/100 and a GF Value™ of $20.94 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 1,027 Oil & Gas companies, Neste OYJ ranks better than 65.73% 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. Neste OYJ's annualizedNet Income for the quarter that ended in Mar. 2026 was $2,465 Mil. Neste OYJ's average total tangible assets for the quarter that ended in Mar. 2026 was $18,956 Mil. Therefore, Neste OYJ's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 13.00%.
The historical rank and industry rank for Neste OYJ's Return-on-Tangible-Asset or its related term are showing as below:
NTOIF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.63 Med: 10.98 Max: 20.15
Current: 4.61
During the past 13 years, Neste OYJ's highest Return-on-Tangible-Asset was 20.15%. The lowest was -0.63%. And the median was 10.98%.
NTOIF's Return-on-Tangible-Asset is ranked better than 65.73% of 1027
companies
in the Oil & Gas industry
Industry Median: 2.04
vs NTOIF: 4.61
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.
Neste OYJ Return-on-Tangible-Asset Related Terms
Neste OYJ Return-on-Tangible-Asset Historical Data
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The historical data trend for Neste OYJ'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.
NTOIF vs VLO, MPC, PSX: Return-on-Tangible-Asset Comparison
For the Oil & Gas Refining & Marketing subindustry, Neste OYJ'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.
Neste OYJ Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Neste OYJ's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Neste OYJ'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 13.00% mean?
Neste OYJ (NTOIF) has a Return-on-Tangible-Asset of 13.00% 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 Neste OYJ and its competitors. This is 18% above median its historical median of 10.98. According to the industry distribution chart, Neste OYJ ranks #352 out of 1027 companies in the Oil & Gas industry, placing it in the top 34.3%.
Is Neste OYJ's Return-on-Tangible-Asset too high?
Neste OYJ's current Return-on-Tangible-Asset of 13.00% is 18% above median its 10-year median of 10.98. The Oil & Gas industry median Return-on-Tangible-Asset is 2.04. Neste OYJ's value of 13.00% is 537.3% above this industry median. Based on the distribution chart, Neste OYJ ranks #352 out of 1027 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Neste OYJ has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Neste OYJ's Return-on-Tangible-Asset compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Neste OYJ ranks #352 out of 1027 companies for Return-on-Tangible-Asset. This puts Neste OYJ in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.04. Neste OYJ's value of 13.00% is 537.3% above this benchmark. While the company's 10-year median is 10.98 vs. the industry median of 2.04, Neste OYJ 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 2.04, based on 1,027 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. Neste OYJ's current Return-on-Tangible-Asset of 13.00% is 537.3% 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 Neste OYJ and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 2.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Neste OYJ's current Return-on-Tangible-Asset is 13.00%, which is 18% above median its own 10-year median of 10.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neste OYJ stock overvalued right now?
Based on GuruFocus' analysis, Neste OYJ (NTOIF) is currently considered Significantly Overvalued. The stock's GF Value™ is $20.94, compared to a current price of $32.00 — trading 52.8% above its estimated fair value. The current Return-on-Tangible-Asset is 13.00%, which is 18% above median its 10-year median of 10.98 and 537.3% above the Oil & Gas industry median of 2.04. Neste OYJ's overall GF Score™ is 74/100 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 Neste OYJ (NTOIF), the current Return-on-Tangible-Asset is 13.00% 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 Neste OYJ (NTOIF) Overvalued in 2026?
Based on GuruFocus' analysis, Neste OYJ stock appears to be overvalued.
The current stock price of $32.00 is trading 52.8% above its estimated GF Value™ of $20.94.
GuruFocus considers Neste OYJ to be Significantly Overvalued.
Key valuation signals for NTOIF:
Return-on-Tangible-Asset: 13.00% (18% above median its 10-year median of 10.98)
GF Value™: $20.94 vs. price of $32.00 (52.8% above fair value)
Industry Position: 537.3% above the Oil & Gas median (#352 of 1027)
No single metric tells the full story. See the NTOIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Neste OYJ is a producer of renewable diesel and sustainable aviation fuel (SAF), with production on three continents. The group also produces oil products and has a network of several fuel stations with expanding service offerings, such as EV charging, in Finland and in the Baltics. Neste has three reporting segments: Renewable Products, Oil Products, and Marketing and Services. Maximum revenue is generated from its Oil Products segment, which offers oil products and related services for the road transportation, heavy machinery, agriculture, aviation, and marine sectors, as well as products for the oil and petrochemical industries. Geographically, the group generates maximum revenue from other European countries (excluding Finland), followed by Finland, the USA, and other markets.
74GF Score
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