OPAL FuelsOPAL +1.93%73 Return-on-Tangible-Asset is 2.89% as of Mar. 2026, which is 83% above its 10-year median of 1.58. GuruFocus rates OPAL with a GF Score™ of 73/100 and a GF Value™ of $3.98 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 510 Utilities - Regulated companies, OPAL Fuels ranks worse than 68.82% 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. OPAL Fuels's annualizedNet Income for the quarter that ended in Mar. 2026 was $27.6 Mil. OPAL Fuels's average total tangible assets for the quarter that ended in Mar. 2026 was $955.4 Mil. Therefore, OPAL Fuels's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.89%.
The historical rank and industry rank for OPAL Fuels's Return-on-Tangible-Asset or its related term are showing as below:
OPAL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -15.6 Med: 1.58 Max: 4.67
Current: 2.16
During the past 7 years, OPAL Fuels's highest Return-on-Tangible-Asset was 4.67%. The lowest was -15.60%. And the median was 1.58%.
OPAL's Return-on-Tangible-Asset is ranked worse than 68.82% of 510
companies
in the Utilities - Regulated industry
Industry Median: 3.305
vs OPAL: 2.16
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.
OPAL Fuels Return-on-Tangible-Asset Related Terms
OPAL Fuels Return-on-Tangible-Asset Historical Data
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The historical data trend for OPAL Fuels'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.
OPAL vs RGCO, ATO, NI: Return-on-Tangible-Asset Comparison
For the Utilities - Regulated Gas subindustry, OPAL Fuels'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.
OPAL Fuels Return-on-Tangible-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, OPAL Fuels's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where OPAL Fuels'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 2.89% mean?
OPAL Fuels (OPAL) has a Return-on-Tangible-Asset of 2.89% 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 OPAL Fuels and its competitors. This is 83% above median its historical median of 1.58. According to the industry distribution chart, OPAL Fuels ranks #351 out of 510 companies in the Utilities - Regulated industry, placing it in the top 68.8%.
Is OPAL Fuels' Return-on-Tangible-Asset too high?
OPAL Fuels' current Return-on-Tangible-Asset of 2.89% is 83% above median its 10-year median of 1.58. The Utilities - Regulated industry median Return-on-Tangible-Asset is 3.31. OPAL Fuels' value of 2.89% is 12.6% below this industry median. Based on the distribution chart, OPAL Fuels ranks #351 out of 510 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, OPAL Fuels has a GF Score™ of 73/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does OPAL Fuels' Return-on-Tangible-Asset compare to RGCO and ATO?
According to the Utilities - Regulated industry distribution chart, OPAL Fuels ranks #351 out of 510 companies for Return-on-Tangible-Asset. This places OPAL Fuels in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.31. OPAL Fuels' value of 2.89% is 12.6% below this benchmark. While the company's 10-year median is 1.58 vs. the industry median of 3.31, OPAL Fuels has consistently been below 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 - Regulated company?
The median Return-on-Tangible-Asset among Utilities - Regulated companies is 3.31, based on 510 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. OPAL Fuels's current Return-on-Tangible-Asset of 2.89% is 12.6% below 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 OPAL Fuels and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Asset is 3.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. OPAL Fuels's current Return-on-Tangible-Asset is 2.89%, which is 83% above median its own 10-year median of 1.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OPAL Fuels stock overvalued right now?
Based on GuruFocus' analysis, OPAL Fuels (OPAL) is currently considered Possible Value Trap. The stock's GF Value™ is $3.98, compared to a current price of $2.10 — trading 47.2% below its estimated fair value. The current Return-on-Tangible-Asset is 2.89%, which is 83% above median its 10-year median of 1.58 and 12.6% below the Utilities - Regulated industry median of 3.31. OPAL Fuels' overall GF Score™ is 73/100 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 OPAL Fuels (OPAL), the current Return-on-Tangible-Asset is 2.89% 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 OPAL Fuels (OPAL) Overvalued in 2026?
Based on GuruFocus' analysis, OPAL Fuels stock appears to be undervalued.
The current stock price of $2.10 is trading 47.2% below its estimated GF Value™ of $3.98.
GuruFocus considers OPAL Fuels to be Possible Value Trap.
Key valuation signals for OPAL:
Return-on-Tangible-Asset: 2.89% (83% above median its 10-year median of 1.58)
GF Value™: $3.98 vs. price of $2.10 (47.2% below fair value)
Industry Position: 12.6% below the Utilities - Regulated median (#351 of 510)
No single metric tells the full story. See the OPAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
OPAL Fuels Inc is a fully integrated leader in the capture and conversion of biogas into low-carbon-intensity renewable natural gas and Renewable Power. The company is also engaged in the marketing and distribution of RNG to heavy-duty trucking and other hard-to-decarbonize industrial sectors. The company designs, develops, constructs, operates, and services Fueling Stations for trucking fleets across the country that use natural gas to displace diesel as their transportation fuel. The company derives revenue from the sale of Renewable Power, design, development, construction, and service of Fueling Stations, and sales of RNG produced by OPAL and third parties as pipeline-quality natural gas. The Company has three operating segments: RNG Fuel, Fuel Station Services, and Renewable Power.
73GF Score
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