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ADNOC GasADX:ADNOCGAS +0.91%56 Return-on-Tangible-Equity is 17.22% as of Mar. 2026, which is 19% below its 10-year median of 21.35. GuruFocus rates ADX:ADNOCGAS with a GF Score™ of 56/100 and a GF Value™ of د.إ3.22 (Fairly Valued). The stock has 4 warning signs investors should review. Among 943 Oil & Gas companies, ADNOC Gas ranks better than 79.22% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. ADNOC Gas's annualized net income for the quarter that ended in Mar. 2026 was د.إ15,856 Mil. ADNOC Gas's average shareholder tangible equity for the quarter that ended in Mar. 2026 was د.إ92,090 Mil. Therefore, ADNOC Gas's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 17.22%.
The historical rank and industry rank for ADNOC Gas's Return-on-Tangible-Equity or its related term are showing as below:
ADX:ADNOCGAS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -12.87 Med: 21.35 Max: 23.35
Current: 20.3
During the past 5 years, ADNOC Gas's highest Return-on-Tangible-Equity was 23.35%. The lowest was -12.87%. And the median was 21.35%.
ADX:ADNOCGAS's Return-on-Tangible-Equity is ranked better than 79.22% of 943
companies
in the Oil & Gas industry
Industry Median: 6.76
vs ADX:ADNOCGAS: 20.30
ADNOC Gas (ADX:ADNOCGAS) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
ADNOC Gas Return-on-Tangible-Equity Related Terms
ADNOC Gas Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for ADNOC Gas's Return-on-Tangible-Equity 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.
ADX:ADNOCGAS vs XOM, CVX: Return-on-Tangible-Equity Comparison
For the Oil & Gas Integrated subindustry, ADNOC Gas's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
ADNOC Gas Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, ADNOC Gas's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where ADNOC Gas's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 17.22% mean?
ADNOC Gas (ADX:ADNOCGAS) has a Return-on-Tangible-Equity of 17.22% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on ADNOC Gas and its competitors. This is 19% below median its historical median of 21.35. According to the industry distribution chart, ADNOC Gas ranks #196 out of 943 companies in the Oil & Gas industry, placing it in the top 20.8%.
Is ADNOC Gas' Return-on-Tangible-Equity too high?
ADNOC Gas' current Return-on-Tangible-Equity of 17.22% is 19% below median its 10-year median of 21.35. The Oil & Gas industry median Return-on-Tangible-Equity is 6.76. ADNOC Gas' value of 17.22% is 154.7% above this industry median. Based on the distribution chart, ADNOC Gas ranks #196 out of 943 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, ADNOC Gas has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ADNOC Gas' Return-on-Tangible-Equity compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, ADNOC Gas ranks #196 out of 943 companies for Return-on-Tangible-Equity. This places ADNOC Gas in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.76. ADNOC Gas' value of 17.22% is 154.7% above this benchmark. While the company's 10-year median is 21.35 vs. the industry median of 6.76, ADNOC Gas 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-Equity for an Oil & Gas company?
The median Return-on-Tangible-Equity among Oil & Gas companies is 6.76, based on 943 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ADNOC Gas's current Return-on-Tangible-Equity of 17.22% is 154.7% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on ADNOC Gas and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 6.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ADNOC Gas's current Return-on-Tangible-Equity is 17.22%, which is 19% below median its own 10-year median of 21.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ADNOC Gas stock overvalued right now?
Based on GuruFocus' analysis, ADNOC Gas (ADX:ADNOCGAS) is currently considered Fairly Valued. The stock's GF Value™ is د.إ3.22, compared to a current price of د.إ3.33 — trading 3.4% above its estimated fair value. The current Return-on-Tangible-Equity is 17.22%, which is 19% below median its 10-year median of 21.35 and 154.7% above the Oil & Gas industry median of 6.76. ADNOC Gas' overall GF Score™ is 56/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For ADNOC Gas (ADX:ADNOCGAS), the current Return-on-Tangible-Equity is 17.22% 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 ADNOC Gas (ADX:ADNOCGAS) Overvalued in 2026?
Based on GuruFocus' analysis, ADNOC Gas stock appears to be overvalued.
The current stock price of د.إ3.33 is trading 3.4% above its estimated GF Value™ of د.إ3.22.
GuruFocus considers ADNOC Gas to be Fairly Valued.
Key valuation signals for ADX:ADNOCGAS:
Return-on-Tangible-Equity: 17.22% (19% below median its 10-year median of 21.35)
GF Value™: د.إ3.22 vs. price of د.إ3.33 (3.4% above fair value)
Industry Position: 154.7% above the Oil & Gas median (#196 of 943)
No single metric tells the full story. See the ADX:ADNOCGAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ADNOC Gas PLC is an integrated gas processing company. The Company is responsible for producing, processing, distributing, and marketing natural gas and its derivatives in the UAE and abroad. The company Gas operates a network of pipelines, processing plants, storage facilities, and export terminals that supply gas to various sectors, including power generation, water desalination, petrochemicals, industries, and households. The Company also exports liquefied natural gas (LNG) and liquefied petroleum gas (LPG) to regional and international markets.
56GF Score
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