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NXG Cushing Midstream Energy FundSRV +0.60%43 Return-on-Tangible-Asset is 20.31% as of Nov. 2025, which is 729% above its 10-year median of 2.45. GuruFocus rates SRV with a GF Score™ of 43/100 and a GF Value™ of $4.04 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,635 Asset Management companies, NXG Cushing Midstream Energy Fund ranks worse than 64.22% on this metric.
The historical rank and industry rank for NXG Cushing Midstream Energy Fund's Return-on-Tangible-Asset or its related term are showing as below:
SRV'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -20.07 Med: 2.45 Max: 32.98
Current: 1.58
During the past 9 years, NXG Cushing Midstream Energy Fund's highest Return-on-Tangible-Asset was 32.98%. The lowest was -20.07%. And the median was 2.45%.
SRV's Return-on-Tangible-Asset is ranked worse than 64.22% of 1635
companies
in the Asset Management industry
Industry Median: 4.23
vs SRV: 1.58
NXG Cushing Midstream Energy Fund (NYSE:SRV) 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.
NXG Cushing Midstream Energy Fund Return-on-Tangible-Asset Related Terms
NXG Cushing Midstream Energy Fund 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.
NXG Cushing Midstream Energy Fund Return-on-Tangible-Asset Chart
SRV vs LIEN, NPV, SABA: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, NXG Cushing Midstream Energy Fund'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.
NXG Cushing Midstream Energy Fund Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, NXG Cushing Midstream Energy Fund's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where NXG Cushing Midstream Energy Fund'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 two times the semi-annual (Nov. 2025) net income data.
What does a Return-on-Tangible-Asset of 20.31% mean?
NXG Cushing Midstream Energy Fund (SRV) has a Return-on-Tangible-Asset of 20.31% as of Nov. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on NXG Cushing Midstream Energy Fund and its competitors. This is 729% above median its historical median of 2.45. According to the industry distribution chart, NXG Cushing Midstream Energy Fund ranks #1050 out of 1635 companies in the Asset Management industry, placing it in the top 64.2%.
Is NXG Cushing Midstream Energy Fund's Return-on-Tangible-Asset too high?
NXG Cushing Midstream Energy Fund's current Return-on-Tangible-Asset of 20.31% is 729% above median its 10-year median of 2.45. The Asset Management industry median Return-on-Tangible-Asset is 4.23. NXG Cushing Midstream Energy Fund's value of 20.31% is 380.1% above this industry median. Based on the distribution chart, NXG Cushing Midstream Energy Fund ranks #1050 out of 1635 companies in the Asset Management industry, which is below the industry midpoint. Overall, NXG Cushing Midstream Energy Fund has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NXG Cushing Midstream Energy Fund's Return-on-Tangible-Asset compare to LIEN and NPV?
According to the Asset Management industry distribution chart, NXG Cushing Midstream Energy Fund ranks #1050 out of 1635 companies for Return-on-Tangible-Asset. This places NXG Cushing Midstream Energy Fund in the lower half of its industry. The industry median Return-on-Tangible-Asset is 4.23. NXG Cushing Midstream Energy Fund's value of 20.31% is 380.1% above this benchmark. While the company's 10-year median is 2.45 vs. the industry median of 4.23, NXG Cushing Midstream Energy Fund 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 Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.23, based on 1,635 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. NXG Cushing Midstream Energy Fund's current Return-on-Tangible-Asset of 20.31% is 380.1% 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 NXG Cushing Midstream Energy Fund and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NXG Cushing Midstream Energy Fund's current Return-on-Tangible-Asset is 20.31%, which is 729% above median its own 10-year median of 2.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NXG Cushing Midstream Energy Fund stock overvalued right now?
Based on GuruFocus' analysis, NXG Cushing Midstream Energy Fund (SRV) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.04, compared to a current price of $48.79 — trading 1107.7% above its estimated fair value. The current Return-on-Tangible-Asset is 20.31%, which is 729% above median its 10-year median of 2.45 and 380.1% above the Asset Management industry median of 4.23. NXG Cushing Midstream Energy Fund's overall GF Score™ is 43/100 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 NXG Cushing Midstream Energy Fund (SRV), the current Return-on-Tangible-Asset is 20.31% as of Nov. 2025. 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 NXG Cushing Midstream Energy Fund (SRV) Overvalued in 2026?
Based on GuruFocus' analysis, NXG Cushing Midstream Energy Fund stock appears to be overvalued.
The current stock price of $48.79 is trading 1107.7% above its estimated GF Value™ of $4.04.
GuruFocus considers NXG Cushing Midstream Energy Fund to be Significantly Overvalued.
Key valuation signals for SRV:
Return-on-Tangible-Asset: 20.31% (729% above median its 10-year median of 2.45)
GF Value™: $4.04 vs. price of $48.79 (1107.7% above fair value)
Industry Position: 380.1% above the Asset Management median (#1050 of 1635)
No single metric tells the full story. See the SRV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NXG Cushing Midstream Energy Fund Business Description
NXG Cushing Midstream Energy Fund is a non-diversified, closed-end investment company. Its investment objective is to obtain a high after-tax total return from a combination of capital appreciation and current income. The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in a portfolio of midstream energy investments.
43GF Score
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