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.
ExxonMobil HoldingsXSWX:XOM +3.31%71 Return-on-Tangible-Asset is 3.64% as of Mar. 2026, which is 41% below its 10-year median of 6.20. GuruFocus rates XSWX:XOM with a GF Score™ of 71/100 and a GF Value™ of CHF91.83. The stock has 1 warning sign investors should review. Among 1,024 Oil & Gas companies, ExxonMobil Holdings ranks better than 70.51% 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. ExxonMobil Holdings's annualizedNet Income for the quarter that ended in Mar. 2026 was CHF13,173 Mil. ExxonMobil Holdings's average total tangible assets for the quarter that ended in Mar. 2026 was CHF361,711 Mil. Therefore, ExxonMobil Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.64%.
The historical rank and industry rank for ExxonMobil Holdings's Return-on-Tangible-Asset or its related term are showing as below:
XSWX:XOM'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.45 Med: 6.2 Max: 15.75
Current: 5.58
During the past 13 years, ExxonMobil Holdings's highest Return-on-Tangible-Asset was 15.75%. The lowest was -6.45%. And the median was 6.20%.
XSWX:XOM's Return-on-Tangible-Asset is ranked better than 70.51% of 1024
companies
in the Oil & Gas industry
Industry Median: 2.08
vs XSWX:XOM: 5.58
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.
ExxonMobil Holdings Return-on-Tangible-Asset Related Terms
ExxonMobil Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for ExxonMobil Holdings'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.
XSWX:XOM vs CVX, NFG, DEC: Return-on-Tangible-Asset Comparison
For the Oil & Gas Integrated subindustry, ExxonMobil Holdings'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.
ExxonMobil Holdings Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, ExxonMobil Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where ExxonMobil Holdings'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 3.64% mean?
ExxonMobil Holdings (XSWX:XOM) has a Return-on-Tangible-Asset of 3.64% 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 ExxonMobil Holdings and its competitors. This is 41% below median its historical median of 6.20. According to the industry distribution chart, ExxonMobil Holdings ranks #302 out of 1024 companies in the Oil & Gas industry, placing it in the top 29.5%.
Is ExxonMobil Holdings' Return-on-Tangible-Asset too high?
ExxonMobil Holdings' current Return-on-Tangible-Asset of 3.64% is 41% below median its 10-year median of 6.20. The Oil & Gas industry median Return-on-Tangible-Asset is 2.08. ExxonMobil Holdings' value of 3.64% is 75% above this industry median. Based on the distribution chart, ExxonMobil Holdings ranks #302 out of 1024 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, ExxonMobil Holdings has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does ExxonMobil Holdings' Return-on-Tangible-Asset compare to CVX and NFG?
According to the Oil & Gas industry distribution chart, ExxonMobil Holdings ranks #302 out of 1024 companies for Return-on-Tangible-Asset. This puts ExxonMobil Holdings in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.08. ExxonMobil Holdings' value of 3.64% is 75% above this benchmark. While the company's 10-year median is 6.20 vs. the industry median of 2.08, ExxonMobil Holdings 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 2.08, based on 1,024 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. ExxonMobil Holdings's current Return-on-Tangible-Asset of 3.64% is 75% 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 ExxonMobil Holdings and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 2.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ExxonMobil Holdings's current Return-on-Tangible-Asset is 3.64%, which is 41% below median its own 10-year median of 6.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ExxonMobil Holdings stock overvalued right now?
ExxonMobil Holdings (XSWX:XOM) has a current Return-on-Tangible-Asset of 3.64%. The stock's GF Value™ is CHF91.83, compared to a current price of CHF115.52 — trading 25.8% above its estimated fair value. The current Return-on-Tangible-Asset is 3.64%, which is 41% below median its 10-year median of 6.20 and 75% above the Oil & Gas industry median of 2.08. ExxonMobil Holdings' overall GF Score™ is 71/100 with 1 warning sign 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 ExxonMobil Holdings (XSWX:XOM), the current Return-on-Tangible-Asset is 3.64% 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 ExxonMobil Holdings (XSWX:XOM) Overvalued in 2026?
Based on GuruFocus' analysis, ExxonMobil Holdings stock appears to be overvalued.
The current stock price of CHF115.52 is trading 25.8% above its estimated GF Value™ of CHF91.83.
Key valuation signals for XSWX:XOM:
Return-on-Tangible-Asset: 3.64% (41% below median its 10-year median of 6.20)
GF Value™: CHF91.83 vs. price of CHF115.52 (25.8% above fair value)
Industry Position: 75% above the Oil & Gas median (#302 of 1024)
No single metric tells the full story. See the XSWX:XOM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil worldwide. In 2025, it produced 3.3 million barrels of liquids and 8.4 billion cubic feet of natural gas per day. At the end of 2025, reserves were 19.3 billion barrels of oil equivalent, 69% of which were liquids. The company is one of the world's largest refiners, with a total global refining capacity of 4.1 million barrels of oil per day, and is one of the world's largest manufacturers of commodity and specialty chemicals.
71GF Score
Get the complete analysis for XSWX:XOM
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
XSWX:XOM has been successfully added to your 
