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Permian Basin Royalty TrustPBT -0.53%67 Return-on-Tangible-Asset is 665.82% as of Mar. 2026, which is 12% above its 10-year median of 594.29. GuruFocus rates PBT with a GF Score™ of 67/100 and a GF Value™ of $6.93 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,024 Oil & Gas companies, Permian Basin Royalty Trust ranks better than 99.61% 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. Permian Basin Royalty Trust's annualizedNet Income for the quarter that ended in Mar. 2026 was $12.11 Mil. Permian Basin Royalty Trust's average total tangible assets for the quarter that ended in Mar. 2026 was $1.82 Mil. Therefore, Permian Basin Royalty Trust's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 665.82%.
The historical rank and industry rank for Permian Basin Royalty Trust's Return-on-Tangible-Asset or its related term are showing as below:
PBT'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 406.27 Med: 594.29 Max: 1866.95
Current: 516.04
During the past 13 years, Permian Basin Royalty Trust's highest Return-on-Tangible-Asset was 1866.95%. The lowest was 406.27%. And the median was 594.29%.
PBT's Return-on-Tangible-Asset is ranked better than 99.61% of 1024
companies
in the Oil & Gas industry
Industry Median: 2.08
vs PBT: 516.04
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.
Permian Basin Royalty Trust Return-on-Tangible-Asset Related Terms
Permian Basin Royalty Trust 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.
PBT vs TEN, EE, SBR: Return-on-Tangible-Asset Comparison
For the Oil & Gas Midstream subindustry, Permian Basin Royalty Trust'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.
Permian Basin Royalty Trust Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Permian Basin Royalty Trust's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Permian Basin Royalty Trust'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 665.82% mean?
Permian Basin Royalty Trust (PBT) has a Return-on-Tangible-Asset of 665.82% 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 Permian Basin Royalty Trust and its competitors. This is 12% above median its historical median of 594.29. Over the past decade, Permian Basin Royalty Trust's Return-on-Tangible-Asset has ranged from 406.27 to 1,866.95. According to the industry distribution chart, Permian Basin Royalty Trust ranks #4 out of 1024 companies in the Oil & Gas industry, placing it in the top 0.40000000000001%.
Is Permian Basin Royalty Trust's Return-on-Tangible-Asset too high?
Permian Basin Royalty Trust's current Return-on-Tangible-Asset of 665.82% is 12% above median its 10-year median of 594.29. Over the past 10 years, this metric has ranged from a low of 406.27 to a high of 1,866.95. The Oil & Gas industry median Return-on-Tangible-Asset is 2.08. Permian Basin Royalty Trust's value of 665.82% is 31910.6% above this industry median. Based on the distribution chart, Permian Basin Royalty Trust ranks #4 out of 1024 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Permian Basin Royalty Trust has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Permian Basin Royalty Trust's Return-on-Tangible-Asset compare to TEN and EE?
According to the Oil & Gas industry distribution chart, Permian Basin Royalty Trust ranks #4 out of 1024 companies for Return-on-Tangible-Asset. This places Permian Basin Royalty Trust in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.08. Permian Basin Royalty Trust's value of 665.82% is 31910.6% above this benchmark. Historically, Permian Basin Royalty Trust's own Return-on-Tangible-Asset has ranged from 406.27 to 1,866.95 over the past decade. While the company's 10-year median is 594.29 vs. the industry median of 2.08, Permian Basin Royalty Trust 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 2.08, 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. Permian Basin Royalty Trust's current Return-on-Tangible-Asset of 665.82% is 31910.6% 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 Permian Basin Royalty Trust and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 2.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Permian Basin Royalty Trust's current Return-on-Tangible-Asset is 665.82%, which is 12% above median its own 10-year median of 594.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Permian Basin Royalty Trust stock overvalued right now?
Based on GuruFocus' analysis, Permian Basin Royalty Trust (PBT) is currently considered Significantly Overvalued. The stock's GF Value™ is $6.93, compared to a current price of $27.91 — trading 302.7% above its estimated fair value. The current Return-on-Tangible-Asset is 665.82%, which is 12% above median its 10-year median of 594.29 and 31910.6% above the Oil & Gas industry median of 2.08. Permian Basin Royalty Trust's overall GF Score™ is 67/100 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 Permian Basin Royalty Trust (PBT), the current Return-on-Tangible-Asset is 665.82% 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 Permian Basin Royalty Trust (PBT) Overvalued in 2026?
Based on GuruFocus' analysis, Permian Basin Royalty Trust stock appears to be overvalued.
The current stock price of $27.91 is trading 302.7% above its estimated GF Value™ of $6.93.
GuruFocus considers Permian Basin Royalty Trust to be Significantly Overvalued.
Key valuation signals for PBT:
Return-on-Tangible-Asset: 665.82% (12% above median its 10-year median of 594.29)
GF Value™: $6.93 vs. price of $27.91 (302.7% above fair value)
Industry Position: 31910.6% above the Oil & Gas median (#4 of 1024)
No single metric tells the full story. See the PBT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Permian Basin Royalty Trust is an express trust. The company's underlying properties include Waddell Ranch Properties in which the trust holds mineral interest as well as royalty interests in mature producing oil fields, such as Yates, Wasson, Sand Hills, East Texas, Kelly-Snyder, Panhandle Regular, N. Cowden, Todd, Keystone, Kermit, McElroy, Howard-Glasscock, Seminole, and others across Texas. The company earns the majority of its revenue in the form of royalties received through its properties.
67GF Score
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