Black Stone Minerals LPBSM +0.80%81 Return-on-Tangible-Equity is 4.82% as of Mar. 2026, which is 81% below its 10-year median of 24.85. GuruFocus rates BSM with a GF Score™ of 81/100 and a GF Value™ of $13.92 (Fairly Valued). The stock has 6 warning signs investors should review. Among 944 Oil & Gas companies, Black Stone Minerals LP ranks better than 84.96% 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. Black Stone Minerals LP's annualized net income for the quarter that ended in Mar. 2026 was $53.1 Mil. Black Stone Minerals LP's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $1,101.1 Mil. Therefore, Black Stone Minerals LP's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 4.82%.
The historical rank and industry rank for Black Stone Minerals LP's Return-on-Tangible-Equity or its related term are showing as below:
BSM'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.47 Med: 24.85 Max: 54.29
Current: 27.05
During the past 13 years, Black Stone Minerals LP's highest Return-on-Tangible-Equity was 54.29%. The lowest was 2.47%. And the median was 24.85%.
BSM's Return-on-Tangible-Equity is ranked better than 84.96% of 944
companies
in the Oil & Gas industry
Industry Median: 6.73
vs BSM: 27.05
Black Stone Minerals LP (NYSE:BSM) 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.
Black Stone Minerals LP Return-on-Tangible-Equity Related Terms
Black Stone Minerals LP Return-on-Tangible-Equity Historical Data
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The historical data trend for Black Stone Minerals LP'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.
Black Stone Minerals LP Return-on-Tangible-Equity Chart
BSM vs GPOR, BKV, CRGY: Return-on-Tangible-Equity Comparison
For the Oil & Gas E&P subindustry, Black Stone Minerals LP'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.
Black Stone Minerals LP Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Black Stone Minerals LP's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Black Stone Minerals LP'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 4.82% mean?
Black Stone Minerals LP (BSM) has a Return-on-Tangible-Equity of 4.82% 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 Black Stone Minerals LP and its competitors. This is 81% below median its historical median of 24.85. Over the past decade, Black Stone Minerals LP's Return-on-Tangible-Equity has ranged from 2.47 to 54.29. According to the industry distribution chart, Black Stone Minerals LP ranks #142 out of 944 companies in the Oil & Gas industry, placing it in the top 15%.
Is Black Stone Minerals LP's Return-on-Tangible-Equity too high?
Black Stone Minerals LP's current Return-on-Tangible-Equity of 4.82% is 81% below median its 10-year median of 24.85. Over the past 10 years, this metric has ranged from a low of 2.47 to a high of 54.29. The Oil & Gas industry median Return-on-Tangible-Equity is 6.73. Black Stone Minerals LP's value of 4.82% is 28.4% below this industry median. Based on the distribution chart, Black Stone Minerals LP ranks #142 out of 944 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Black Stone Minerals LP has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Black Stone Minerals LP's Return-on-Tangible-Equity compare to GPOR and BKV?
According to the Oil & Gas industry distribution chart, Black Stone Minerals LP ranks #142 out of 944 companies for Return-on-Tangible-Equity. This places Black Stone Minerals LP in the top 15% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.73. Black Stone Minerals LP's value of 4.82% is 28.4% below this benchmark. Historically, Black Stone Minerals LP's own Return-on-Tangible-Equity has ranged from 2.47 to 54.29 over the past decade. While the company's 10-year median is 24.85 vs. the industry median of 6.73, Black Stone Minerals LP has consistently been below 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 6.73, based on 944 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. Black Stone Minerals LP's current Return-on-Tangible-Equity of 4.82% is 28.4% below 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 Black Stone Minerals LP and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 6.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Black Stone Minerals LP's current Return-on-Tangible-Equity is 4.82%, which is 81% below median its own 10-year median of 24.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Stone Minerals LP stock overvalued right now?
Based on GuruFocus' analysis, Black Stone Minerals LP (BSM) is currently considered Fairly Valued. The stock's GF Value™ is $13.92, compared to a current price of $13.79 — trading 0.9% below its estimated fair value. The current Return-on-Tangible-Equity is 4.82%, which is 81% below median its 10-year median of 24.85 and 28.4% below the Oil & Gas industry median of 6.73. Black Stone Minerals LP's overall GF Score™ is 81/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Black Stone Minerals LP (BSM), the current Return-on-Tangible-Equity is 4.82% 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 Black Stone Minerals LP (BSM) Overvalued in 2026?
Based on GuruFocus' analysis, Black Stone Minerals LP stock appears to be undervalued.
The current stock price of $13.79 is trading 0.9% below its estimated GF Value™ of $13.92.
GuruFocus considers Black Stone Minerals LP to be Fairly Valued.
Key valuation signals for BSM:
Return-on-Tangible-Equity: 4.82% (81% below median its 10-year median of 24.85)
GF Value™: $13.92 vs. price of $13.79 (0.9% below fair value)
Industry Position: 28.4% below the Oil & Gas median (#142 of 944)
No single metric tells the full story. See the BSM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Black Stone Minerals LP is an oil and natural gas mineral company. It owns oil and natural gas mineral interests, which makes up the majority of its asset base. Its business is actively managing an existing portfolio of mineral and royalty assets to maximize its value and expanding asset base through acquisitions of additional mineral and royalty interests. The company owns mineral interests in approximately 16.9 million gross acres.
81GF Score
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