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Thungela ResourcesTNGRF -5.93%76 Return-on-Tangible-Asset is -35.92% as of Dec. 2025. GuruFocus rates TNGRF with a GF Score™ of 76/100 and a GF Value™ of $7.03 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 185 Other Energy Sources companies, Thungela Resources ranks worse than 75.14% 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. Thungela Resources's annualizedNet Income for the quarter that ended in Dec. 2025 was $-872 Mil. Thungela Resources's average total tangible assets for the quarter that ended in Dec. 2025 was $2,428 Mil. Therefore, Thungela Resources's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was -35.92%.
The historical rank and industry rank for Thungela Resources's Return-on-Tangible-Asset or its related term are showing as below:
TNGRF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -38.43 Med: 9.78 Max: 47.41
Current: -16.09
During the past 8 years, Thungela Resources's highest Return-on-Tangible-Asset was 47.41%. The lowest was -38.43%. And the median was 9.78%.
TNGRF's Return-on-Tangible-Asset is ranked worse than 75.14% of 185
companies
in the Other Energy Sources industry
Industry Median: -0.51
vs TNGRF: -16.09
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.
Thungela Resources Return-on-Tangible-Asset Related Terms
Thungela Resources Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Thungela Resources'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.
For the Thermal Coal subindustry, Thungela Resources'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.
Thungela Resources Return-on-Tangible-Asset vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Thungela Resources's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Thungela Resources'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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of -35.92% mean?
Thungela Resources (TNGRF) has a Return-on-Tangible-Asset of -35.92% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Thungela Resources and its competitors. According to the industry distribution chart, Thungela Resources ranks #139 out of 185 companies in the Other Energy Sources industry, placing it in the top 75.1%.
Is Thungela Resources' Return-on-Tangible-Asset too high?
Thungela Resources' current Return-on-Tangible-Asset is -35.92%. Based on the distribution chart, Thungela Resources ranks #139 out of 185 companies in the Other Energy Sources industry, which is in the bottom quartile relative to peers. Overall, Thungela Resources has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thungela Resources' Return-on-Tangible-Asset compare to CNR?
According to the Other Energy Sources industry distribution chart, Thungela Resources ranks #139 out of 185 companies for Return-on-Tangible-Asset. This places Thungela Resources in the lower half of its industry. 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 Other Energy Sources company?
A good Return-on-Tangible-Asset depends on the Other Energy Sources industry context. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 Thungela Resources and its competitors. Thungela Resources's current Return-on-Tangible-Asset is -35.92%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thungela Resources stock overvalued right now?
Based on GuruFocus' analysis, Thungela Resources (TNGRF) is currently considered Modestly Undervalued. The stock's GF Value™ is $7.03, compared to a current price of $5.87 — trading 16.5% below its estimated fair value. The current Return-on-Tangible-Asset is -35.92%. Thungela Resources' overall GF Score™ is 76/100 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 Thungela Resources (TNGRF), the current Return-on-Tangible-Asset is -35.92% as of Dec. 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 Thungela Resources (TNGRF) Overvalued in 2026?
Based on GuruFocus' analysis, Thungela Resources stock appears to be undervalued.
The current stock price of $5.87 is trading 16.5% below its estimated GF Value™ of $7.03.
GuruFocus considers Thungela Resources to be Modestly Undervalued.
Key valuation signals for TNGRF:
Return-on-Tangible-Asset: -35.92%
GF Value™: $7.03 vs. price of $5.87 (16.5% below fair value)
No single metric tells the full story. See the TNGRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thungela Resources Ltd is a pure-play producer and exporter of thermal coal with operations in South Africa and Australia. The group focuses on high-quality coal reserves and marketable production, positioning as a key player in the energy market by delivering coal through world-class ports, and powering nations. It owns interests in various mining operations, namely Goedehoop, Greenside, Isibonelo, Khwezela, AAIC, Mafube Coal Mining, and Butsanani Energy which consist of both underground and open cast mines located in the Mpumalanga province of South Africa. Its operational segments are Opencast, Underground, and Services.
76GF Score
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