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.
Sabine Royalty TrustSBR +0.48%78 Return-on-Tangible-Asset is 653.45% as of Mar. 2026, which is 2% below its 10-year median of 666.25. GuruFocus rates SBR with a GF Score™ of 78/100 and a GF Value™ of $49.85 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,027 Oil & Gas companies, Sabine Royalty Trust ranks better than 99.81% 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. Sabine Royalty Trust's annualizedNet Income for the quarter that ended in Mar. 2026 was $52.17 Mil. Sabine Royalty Trust's average total tangible assets for the quarter that ended in Mar. 2026 was $7.98 Mil. Therefore, Sabine Royalty Trust's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 653.45%.
The historical rank and industry rank for Sabine Royalty Trust's Return-on-Tangible-Asset or its related term are showing as below:
SBR'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 484.29 Med: 666.25 Max: 869.47
Current: 810.13
During the past 13 years, Sabine Royalty Trust's highest Return-on-Tangible-Asset was 869.47%. The lowest was 484.29%. And the median was 666.25%.
SBR's Return-on-Tangible-Asset is ranked better than 99.81% of 1027
companies
in the Oil & Gas industry
Industry Median: 2.04
vs SBR: 810.13
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.
Sabine Royalty Trust Return-on-Tangible-Asset Related Terms
Sabine Royalty Trust Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Sabine Royalty Trust'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.
SBR vs TK, TEN, EE: Return-on-Tangible-Asset Comparison
For the Oil & Gas Midstream subindustry, Sabine 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.
Sabine Royalty Trust Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Sabine Royalty Trust's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Sabine 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 653.45% mean?
Sabine Royalty Trust (SBR) has a Return-on-Tangible-Asset of 653.45% 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 Sabine Royalty Trust and its competitors. This is near median its historical median of 666.25. Over the past decade, Sabine Royalty Trust's Return-on-Tangible-Asset has ranged from 484.29 to 869.47. According to the industry distribution chart, Sabine Royalty Trust ranks #2 out of 1027 companies in the Oil & Gas industry, placing it in the top 0.2%.
Is Sabine Royalty Trust's Return-on-Tangible-Asset too high?
Sabine Royalty Trust's current Return-on-Tangible-Asset of 653.45% is near median its 10-year median of 666.25. Over the past 10 years, this metric has ranged from a low of 484.29 to a high of 869.47. The Oil & Gas industry median Return-on-Tangible-Asset is 2.04. Sabine Royalty Trust's value of 653.45% is 31931.9% above this industry median. Based on the distribution chart, Sabine Royalty Trust ranks #2 out of 1027 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Sabine Royalty Trust has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sabine Royalty Trust's Return-on-Tangible-Asset compare to TK and TEN?
According to the Oil & Gas industry distribution chart, Sabine Royalty Trust ranks #2 out of 1027 companies for Return-on-Tangible-Asset. This places Sabine Royalty Trust in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.04. Sabine Royalty Trust's value of 653.45% is 31931.9% above this benchmark. Historically, Sabine Royalty Trust's own Return-on-Tangible-Asset has ranged from 484.29 to 869.47 over the past decade. While the company's 10-year median is 666.25 vs. the industry median of 2.04, Sabine 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 2.04, 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. Sabine Royalty Trust's current Return-on-Tangible-Asset of 653.45% is 31931.9% 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 Sabine Royalty Trust 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. Sabine Royalty Trust's current Return-on-Tangible-Asset is 653.45%, which is near median its own 10-year median of 666.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sabine Royalty Trust stock overvalued right now?
Based on GuruFocus' analysis, Sabine Royalty Trust (SBR) is currently considered Significantly Overvalued. The stock's GF Value™ is $49.85, compared to a current price of $73.02 — trading 46.5% above its estimated fair value. The current Return-on-Tangible-Asset is 653.45%, which is near median its 10-year median of 666.25 and 31931.9% above the Oil & Gas industry median of 2.04. Sabine Royalty Trust's overall GF Score™ is 78/100 with 8 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 Sabine Royalty Trust (SBR), the current Return-on-Tangible-Asset is 653.45% 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 Sabine Royalty Trust (SBR) Overvalued in 2026?
Based on GuruFocus' analysis, Sabine Royalty Trust stock appears to be overvalued.
The current stock price of $73.02 is trading 46.5% above its estimated GF Value™ of $49.85.
GuruFocus considers Sabine Royalty Trust to be Significantly Overvalued.
Key valuation signals for SBR:
Return-on-Tangible-Asset: 653.45% (near median its 10-year median of 666.25)
GF Value™: $49.85 vs. price of $73.02 (46.5% above fair value)
Industry Position: 31931.9% above the Oil & Gas median (#2 of 1027)
No single metric tells the full story. See the SBR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sabine Royalty Trust formed to receive Sabine Corporation's royalty and mineral interests, including landowner's royalties, overriding royalty interests, minerals production payments and any other similar, non-participatory interests, in certain Royalty Properties. The trusts producing and proved undeveloped oil and gas royalty properties are located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas.
78GF Score
Get the complete analysis for SBR
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
SBR has been successfully added to your 
