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INA-Industrija Nafte DDZAG:INA 77 Return-on-Tangible-Asset is 15.70% as of Jun. 2026, which is 165% above its 10-year median of 5.92. GuruFocus rates ZAG:INA with a GF Score™ of 77/100 and a GF Value™ of €518.42 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,027 Oil & Gas companies, INA-Industrija Nafte DD ranks better than 79.36% 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. INA-Industrija Nafte DD's annualizedNet Income for the quarter that ended in Jun. 2026 was €592 Mil. INA-Industrija Nafte DD's average total tangible assets for the quarter that ended in Jun. 2026 was €3,767 Mil. Therefore, INA-Industrija Nafte DD's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 15.70%.
The historical rank and industry rank for INA-Industrija Nafte DD's Return-on-Tangible-Asset or its related term are showing as below:
ZAG:INA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -5.65 Med: 5.92 Max: 8.49
Current: 7.62
During the past 13 years, INA-Industrija Nafte DD's highest Return-on-Tangible-Asset was 8.49%. The lowest was -5.65%. And the median was 5.92%.
ZAG:INA's Return-on-Tangible-Asset is ranked better than 79.36% of 1027
companies
in the Oil & Gas industry
Industry Median: 2.07
vs ZAG:INA: 7.62
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.
INA-Industrija Nafte DD Return-on-Tangible-Asset Related Terms
INA-Industrija Nafte DD Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for INA-Industrija Nafte DD'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.
ZAG:INA vs MPC, VLO, PSX: Return-on-Tangible-Asset Comparison
For the Oil & Gas Refining & Marketing subindustry, INA-Industrija Nafte DD'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.
INA-Industrija Nafte DD Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, INA-Industrija Nafte DD's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where INA-Industrija Nafte DD'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 15.70% mean?
INA-Industrija Nafte DD (ZAG:INA) has a Return-on-Tangible-Asset of 15.70% 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 INA-Industrija Nafte DD and its competitors. This is 165% above median its historical median of 5.92. According to the industry distribution chart, INA-Industrija Nafte DD ranks #212 out of 1027 companies in the Oil & Gas industry, placing it in the top 20.6%.
Is INA-Industrija Nafte DD's Return-on-Tangible-Asset too high?
INA-Industrija Nafte DD's current Return-on-Tangible-Asset of 15.70% is 165% above median its 10-year median of 5.92. The Oil & Gas industry median Return-on-Tangible-Asset is 2.07. INA-Industrija Nafte DD's value of 15.70% is 658.5% above this industry median. Based on the distribution chart, INA-Industrija Nafte DD ranks #212 out of 1027 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, INA-Industrija Nafte DD has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does INA-Industrija Nafte DD's Return-on-Tangible-Asset compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, INA-Industrija Nafte DD ranks #212 out of 1027 companies for Return-on-Tangible-Asset. This places INA-Industrija Nafte DD in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.07. INA-Industrija Nafte DD's value of 15.70% is 658.5% above this benchmark. While the company's 10-year median is 5.92 vs. the industry median of 2.07, INA-Industrija Nafte DD 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 2.07, based on 1,027 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. INA-Industrija Nafte DD's current Return-on-Tangible-Asset of 15.70% is 658.5% 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 INA-Industrija Nafte DD and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. INA-Industrija Nafte DD's current Return-on-Tangible-Asset is 15.70%, which is 165% above median its own 10-year median of 5.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is INA-Industrija Nafte DD stock overvalued right now?
Based on GuruFocus' analysis, INA-Industrija Nafte DD (ZAG:INA) is currently considered Fairly Valued. The stock's GF Value™ is €518.42, compared to a current price of €515.00 — trading 0.7% below its estimated fair value. The current Return-on-Tangible-Asset is 15.70%, which is 165% above median its 10-year median of 5.92 and 658.5% above the Oil & Gas industry median of 2.07. INA-Industrija Nafte DD's overall GF Score™ is 77/100 with 4 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 INA-Industrija Nafte DD (ZAG:INA), the current Return-on-Tangible-Asset is 15.70% 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 INA-Industrija Nafte DD (ZAG:INA) Overvalued in 2026?
Based on GuruFocus' analysis, INA-Industrija Nafte DD stock appears to be undervalued.
The current stock price of €515.00 is trading 0.7% below its estimated GF Value™ of €518.42.
GuruFocus considers INA-Industrija Nafte DD to be Fairly Valued.
Key valuation signals for ZAG:INA:
Return-on-Tangible-Asset: 15.70% (165% above median its 10-year median of 5.92)
GF Value™: €518.42 vs. price of €515.00 (0.7% below fair value)
Industry Position: 658.5% above the Oil & Gas median (#212 of 1027)
No single metric tells the full story. See the ZAG:INA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
INA-Industrija Nafte DD is a medium-sized European oil and gas company. It is engaged in exploration and production of oil and gas deposits, import of natural gas and sale of imported and domestically produced natural gas to industrial consumers and municipal gas distributors, refining and production of oil products through refineries located at Rijeka and Sisak, and Zagreb lubricants plants. Its segments are Exploration and Production of Oil & Gas; Refining & Marketing; Corporate and other. Exploration and Production of Oil & Gas segment include exploration, production, and selling of crude oil and natural gas. Refining & Marketing segment includes crude oil processing, wholesale of refinery products, trading, and logistics.
77GF Score
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