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Baytex EnergyTSX:BTE -3.36%50 Return-on-Tangible-Asset is 21.78% as of Jun. 2026. GuruFocus rates TSX:BTE with a GF Score™ of 50/100 and a GF Value™ of C$1.52 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,033 Oil & Gas companies, Baytex Energy ranks worse than 82.67% 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. Baytex Energy's annualizedNet Income for the quarter that ended in Jun. 2026 was C$699.5 Mil. Baytex Energy's average total tangible assets for the quarter that ended in Jun. 2026 was C$3,211.3 Mil. Therefore, Baytex Energy's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 21.78%.
The historical rank and industry rank for Baytex Energy's Return-on-Tangible-Asset or its related term are showing as below:
TSX:BTE'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -52.33 Med: -1.96 Max: 39.15
Current: -14.39
During the past 13 years, Baytex Energy's highest Return-on-Tangible-Asset was 39.15%. The lowest was -52.33%. And the median was -1.96%.
TSX:BTE's Return-on-Tangible-Asset is ranked worse than 82.67% of 1033
companies
in the Oil & Gas industry
Industry Median: 2.04
vs TSX:BTE: -14.39
Baytex Energy (TSX:BTE) 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.
Baytex Energy Return-on-Tangible-Asset Related Terms
Baytex Energy Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Baytex Energy'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.
TSX:BTE vs COP, EOG, FANG: Return-on-Tangible-Asset Comparison
For the Oil & Gas E&P subindustry, Baytex Energy'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.
Baytex Energy Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Baytex Energy's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Baytex Energy'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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 21.78% mean?
Baytex Energy (TSX:BTE) has a Return-on-Tangible-Asset of 21.78% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Baytex Energy and its competitors. According to the industry distribution chart, Baytex Energy ranks #854 out of 1033 companies in the Oil & Gas industry, placing it in the top 82.7%.
Is Baytex Energy's Return-on-Tangible-Asset too high?
Baytex Energy's current Return-on-Tangible-Asset is 21.78%. The Oil & Gas industry median Return-on-Tangible-Asset is 2.04. Baytex Energy's value of 21.78% is 967.6% above this industry median. Based on the distribution chart, Baytex Energy ranks #854 out of 1033 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Baytex Energy has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Baytex Energy's Return-on-Tangible-Asset compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Baytex Energy ranks #854 out of 1033 companies for Return-on-Tangible-Asset. This places Baytex Energy in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.04. Baytex Energy's value of 21.78% is 967.6% above this benchmark. 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 1,033 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. Baytex Energy's current Return-on-Tangible-Asset of 21.78% is 967.6% 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 Baytex Energy 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. Baytex Energy's current Return-on-Tangible-Asset is 21.78%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Baytex Energy stock overvalued right now?
Based on GuruFocus' analysis, Baytex Energy (TSX:BTE) is currently considered Significantly Overvalued. The stock's GF Value™ is C$1.52, compared to a current price of C$5.76 — trading 278.9% above its estimated fair value. The current Return-on-Tangible-Asset is 21.78% and 967.6% above the Oil & Gas industry median of 2.04. Baytex Energy's overall GF Score™ is 50/100 with 5 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 Baytex Energy (TSX:BTE), the current Return-on-Tangible-Asset is 21.78% as of Jun. 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 Baytex Energy (TSX:BTE) Overvalued in 2026?
Based on GuruFocus' analysis, Baytex Energy stock appears to be overvalued.
The current stock price of C$5.76 is trading 278.9% above its estimated GF Value™ of C$1.52.
GuruFocus considers Baytex Energy to be Significantly Overvalued.
Key valuation signals for TSX:BTE:
Return-on-Tangible-Asset: 21.78%
GF Value™: C$1.52 vs. price of C$5.76 (278.9% above fair value)
Industry Position: 967.6% above the Oil & Gas median (#854 of 1033)
No single metric tells the full story. See the TSX:BTE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Baytex Energy Corp is an oil and gas company. Geographically, the group operates in Canada and the United States. The company derives a majority of revenue from Canada. Its Canada segment includes the exploration, development, and production of crude oil and natural gas in Western Canada.
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