Blue Star HeliumASX:BNL +20.00% Return-on-Tangible-Equity is -142.39% as of Dec. 2025. The stock has 2 warning signs investors should review. Among 942 Oil & Gas companies, Blue Star Helium ranks worse than 94.27% 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. Blue Star Helium's annualized net income for the quarter that ended in Dec. 2025 was A$-10.34 Mil. Blue Star Helium's average shareholder tangible equity for the quarter that ended in Dec. 2025 was A$7.26 Mil. Therefore, Blue Star Helium's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was -142.39%.
The historical rank and industry rank for Blue Star Helium's Return-on-Tangible-Equity or its related term are showing as below:
ASX:BNL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -132.41 Med: -34.95 Max: -9.21
Current: -102.22
During the past 13 years, Blue Star Helium's highest Return-on-Tangible-Equity was -9.21%. The lowest was -132.41%. And the median was -34.95%.
ASX:BNL's Return-on-Tangible-Equity is ranked worse than 94.27% of 942
companies
in the Oil & Gas industry
Industry Median: 6.77
vs ASX:BNL: -102.22
Blue Star Helium (ASX:BNL) 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.
Blue Star Helium Return-on-Tangible-Equity Related Terms
Blue Star Helium Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Blue Star Helium'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.
ASX:BNL vs COP, EOG, FANG: Return-on-Tangible-Equity Comparison
For the Oil & Gas E&P subindustry, Blue Star Helium'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.
Blue Star Helium Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Blue Star Helium's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Blue Star Helium'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 two times the semi-annual (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -142.39% mean?
Blue Star Helium (ASX:BNL) has a Return-on-Tangible-Equity of -142.39% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Blue Star Helium and its competitors. According to the industry distribution chart, Blue Star Helium ranks #888 out of 942 companies in the Oil & Gas industry, placing it in the top 94.3%.
Is Blue Star Helium's Return-on-Tangible-Equity too high?
Blue Star Helium's current Return-on-Tangible-Equity is -142.39%. Based on the distribution chart, Blue Star Helium ranks #888 out of 942 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers.
How does Blue Star Helium's Return-on-Tangible-Equity compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Blue Star Helium ranks #888 out of 942 companies for Return-on-Tangible-Equity. This places Blue Star Helium in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.77. 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 6.77, based on 942 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. 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 Blue Star Helium and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 6.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Blue Star Helium's current Return-on-Tangible-Equity is -142.39%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blue Star Helium stock overvalued right now?
Blue Star Helium (ASX:BNL) has a current Return-on-Tangible-Equity of -142.39%. The current Return-on-Tangible-Equity is -142.39%. 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 Blue Star Helium (ASX:BNL), the current Return-on-Tangible-Equity is -142.39% as of Dec. 2025. 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.
Blue Star Helium Ltd is an independent helium exploration and production company, headquartered in Australia, with operations and exploration in North America. Blue Star is focused on providing its shareholders with exposure to multiple high-value helium projects in North America. Its project portfolio comprises the Galactica-Pegasus Project, located in Las Animas County, Colorado, and the Voyager Project. The company is organised into one main operating segment, which involves helium (including oil and gas) exploration, development, and production in the USA.
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