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Westlake Chemical Partners LPWLKP -0.59%84 Return-on-Tangible-Asset is 4.57% as of Mar. 2026, which is 9% above its 10-year median of 4.18. GuruFocus rates WLKP with a GF Score™ of 84/100 and a GF Value™ of $24.39 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,611 Chemicals companies, Westlake Chemical Partners LP ranks better than 61.58% on this metric.
The historical rank and industry rank for Westlake Chemical Partners LP's Return-on-Tangible-Asset or its related term are showing as below:
WLKP'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.89 Med: 4.18 Max: 5.84
Current: 4.52
During the past 13 years, Westlake Chemical Partners LP's highest Return-on-Tangible-Asset was 5.84%. The lowest was 2.89%. And the median was 4.18%.
WLKP's Return-on-Tangible-Asset is ranked better than 61.58% of 1611
companies
in the Chemicals industry
Industry Median: 3.07
vs WLKP: 4.52
Westlake Chemical Partners LP (NYSE:WLKP) 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.
Westlake Chemical Partners LP Return-on-Tangible-Asset Related Terms
Westlake Chemical Partners LP 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.
Westlake Chemical Partners LP Return-on-Tangible-Asset Chart
WLKP vs LXU, ASIX, RYAM: Return-on-Tangible-Asset Comparison
For the Chemicals subindustry, Westlake Chemical Partners LP'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.
Westlake Chemical Partners LP Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Westlake Chemical Partners LP's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Westlake Chemical Partners LP'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 4.57% mean?
Westlake Chemical Partners LP (WLKP) has a Return-on-Tangible-Asset of 4.57% 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 Westlake Chemical Partners LP and its competitors. This is near median its historical median of 4.18. Over the past decade, Westlake Chemical Partners LP's Return-on-Tangible-Asset has ranged from 2.89 to 5.84. According to the industry distribution chart, Westlake Chemical Partners LP ranks #619 out of 1611 companies in the Chemicals industry, placing it in the top 38.4%.
Is Westlake Chemical Partners LP's Return-on-Tangible-Asset too high?
Westlake Chemical Partners LP's current Return-on-Tangible-Asset of 4.57% is near median its 10-year median of 4.18. Over the past 10 years, this metric has ranged from a low of 2.89 to a high of 5.84. The Chemicals industry median Return-on-Tangible-Asset is 3.07. Westlake Chemical Partners LP's value of 4.57% is 48.9% above this industry median. Based on the distribution chart, Westlake Chemical Partners LP ranks #619 out of 1611 companies in the Chemicals industry, which is above the industry midpoint. Overall, Westlake Chemical Partners LP has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Westlake Chemical Partners LP's Return-on-Tangible-Asset compare to LXU and ASIX?
According to the Chemicals industry distribution chart, Westlake Chemical Partners LP ranks #619 out of 1611 companies for Return-on-Tangible-Asset. This puts Westlake Chemical Partners LP in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.07. Westlake Chemical Partners LP's value of 4.57% is 48.9% above this benchmark. Historically, Westlake Chemical Partners LP's own Return-on-Tangible-Asset has ranged from 2.89 to 5.84 over the past decade. While the company's 10-year median is 4.18 vs. the industry median of 3.07, Westlake Chemical Partners LP 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 a Chemicals company?
The median Return-on-Tangible-Asset among Chemicals companies is 3.07, based on 1,611 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. Westlake Chemical Partners LP's current Return-on-Tangible-Asset of 4.57% is 48.9% 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 Westlake Chemical Partners LP and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Westlake Chemical Partners LP's current Return-on-Tangible-Asset is 4.57%, which is near median its own 10-year median of 4.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Westlake Chemical Partners LP stock overvalued right now?
Based on GuruFocus' analysis, Westlake Chemical Partners LP (WLKP) is currently considered Modestly Undervalued. The stock's GF Value™ is $24.39, compared to a current price of $21.90 — trading 10.2% below its estimated fair value. The current Return-on-Tangible-Asset is 4.57%, which is near median its 10-year median of 4.18 and 48.9% above the Chemicals industry median of 3.07. Westlake Chemical Partners LP's overall GF Score™ is 84/100 with 6 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 Westlake Chemical Partners LP (WLKP), the current Return-on-Tangible-Asset is 4.57% 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 Westlake Chemical Partners LP (WLKP) Overvalued in 2026?
Based on GuruFocus' analysis, Westlake Chemical Partners LP stock appears to be undervalued.
The current stock price of $21.90 is trading 10.2% below its estimated GF Value™ of $24.39.
GuruFocus considers Westlake Chemical Partners LP to be Modestly Undervalued.
Key valuation signals for WLKP:
Return-on-Tangible-Asset: 4.57% (near median its 10-year median of 4.18)
GF Value™: $24.39 vs. price of $21.90 (10.2% below fair value)
Industry Position: 48.9% above the Chemicals median (#619 of 1611)
No single metric tells the full story. See the WLKP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Westlake Chemical Partners LP Business Description
Westlake Chemical Partners LP is a part of the chemical industry in the United States. Its operations are conducted through OpCo, it acquires and develops ethylene production facilities, which convert ethane into ethylene. OpCo sells ethylene and its co-products, such as propylene, crude butadiene, pyrolysis gasoline, and hydrogen, to Westlake and other customers located in the United States. Its assets include three ethylene production facilities in Calvert City, Kentucky, and Lake Charles, Louisiana.
84GF Score
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