Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Pason SystemsPSYTF +0.22%97 Return-on-Tangible-Asset is 13.25% as of Mar. 2026, which is 0% below its 10-year median of 13.30. GuruFocus rates PSYTF with a GF Score™ of 97/100 and a GF Value™ of $10.29 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,025 Oil & Gas companies, Pason Systems ranks better than 88.49% 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. Pason Systems's annualizedNet Income for the quarter that ended in Mar. 2026 was $38.0 Mil. Pason Systems's average total tangible assets for the quarter that ended in Mar. 2026 was $287.0 Mil. Therefore, Pason Systems's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 13.25%.
The historical rank and industry rank for Pason Systems's Return-on-Tangible-Asset or its related term are showing as below:
PSYTF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -9.68 Med: 13.3 Max: 28.53
Current: 11.82
During the past 13 years, Pason Systems's highest Return-on-Tangible-Asset was 28.53%. The lowest was -9.68%. And the median was 13.30%.
PSYTF's Return-on-Tangible-Asset is ranked better than 88.49% of 1025
companies
in the Oil & Gas industry
Industry Median: 2.09
vs PSYTF: 11.82
Pason Systems (OTCPK:PSYTF) 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 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.
Pason Systems Return-on-Tangible-Asset Related Terms
Pason Systems Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Pason Systems'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.
PSYTF vs SLB, BKR, HAL: Return-on-Tangible-Asset Comparison
For the Oil & Gas Equipment & Services subindustry, Pason Systems'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.
Pason Systems Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Pason Systems's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Pason Systems'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 13.25% mean?
Pason Systems (PSYTF) has a Return-on-Tangible-Asset of 13.25% 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 Pason Systems and its competitors. This is near median its historical median of 13.30. According to the industry distribution chart, Pason Systems ranks #118 out of 1025 companies in the Oil & Gas industry, placing it in the top 11.5%.
Is Pason Systems' Return-on-Tangible-Asset too high?
Pason Systems' current Return-on-Tangible-Asset of 13.25% is near median its 10-year median of 13.30. The Oil & Gas industry median Return-on-Tangible-Asset is 2.09. Pason Systems' value of 13.25% is 534% above this industry median. Based on the distribution chart, Pason Systems ranks #118 out of 1025 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Pason Systems has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pason Systems' Return-on-Tangible-Asset compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Pason Systems ranks #118 out of 1025 companies for Return-on-Tangible-Asset. This places Pason Systems in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.09. Pason Systems' value of 13.25% is 534% above this benchmark. While the company's 10-year median is 13.30 vs. the industry median of 2.09, Pason Systems 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 2.09, 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. Pason Systems's current Return-on-Tangible-Asset of 13.25% is 534% 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 Pason Systems and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 2.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pason Systems's current Return-on-Tangible-Asset is 13.25%, which is near median its own 10-year median of 13.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pason Systems stock overvalued right now?
Based on GuruFocus' analysis, Pason Systems (PSYTF) is currently considered Modestly Undervalued. The stock's GF Value™ is $10.29, compared to a current price of $9.08 — trading 11.8% below its estimated fair value. The current Return-on-Tangible-Asset is 13.25%, which is near median its 10-year median of 13.30 and 534% above the Oil & Gas industry median of 2.09. Pason Systems' overall GF Score™ is 97/100 with 3 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 Pason Systems (PSYTF), the current Return-on-Tangible-Asset is 13.25% 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 Pason Systems (PSYTF) Overvalued in 2026?
Based on GuruFocus' analysis, Pason Systems stock appears to be undervalued.
The current stock price of $9.08 is trading 11.8% below its estimated GF Value™ of $10.29.
GuruFocus considers Pason Systems to be Modestly Undervalued.
Key valuation signals for PSYTF:
Return-on-Tangible-Asset: 13.25% (near median its 10-year median of 13.30)
GF Value™: $10.29 vs. price of $9.08 (11.8% below fair value)
Industry Position: 534% above the Oil & Gas median (#118 of 1025)
No single metric tells the full story. See the PSYTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pason Systems Inc is a provider of instrumentation and data management systems for drilling rigs. The electronic drilling recorder is the company's product, and provides a complete system of drilling data acquisition, data networking, drilling management tools, and reports at both the wellsite and customer office. The company reports on four strategic business units: The North American Drilling (Canada and the United States) and International Drilling (Latin America, including Mexico, Offshore, the Eastern Hemisphere, and the Middle East) and completions business units, all of which offer technology services to the oil and gas industry, and the Solar and Energy Storage business unit, which provides technology services to solar and energy storage developers.
97GF Score
Get the complete analysis for PSYTF
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
PSYTF has been successfully added to your 
