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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. CoJax Oil & Gas's annualized net income for the quarter that ended in Mar. 2026 was $-1.06 Mil. CoJax Oil & Gas's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $7.72 Mil. Therefore, CoJax Oil & Gas's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -13.78%.
The historical rank and industry rank for CoJax Oil & Gas's Return-on-Tangible-Equity or its related term are showing as below:
CJAX'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -516.46 Med: -51.95 Max: -13.46
Current: -15.02
During the past 8 years, CoJax Oil & Gas's highest Return-on-Tangible-Equity was -13.46%. The lowest was -516.46%. And the median was -51.95%.
CJAX's Return-on-Tangible-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 6.74
vs CJAX: -15.02
CoJax Oil & Gas (OTCPK:CJAX) 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.
CoJax Oil & Gas Return-on-Tangible-Equity Related Terms
CoJax Oil & Gas Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for CoJax Oil & 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.
CJAX vs VOC, PRT, CRT: Return-on-Tangible-Equity Comparison
For the Oil & Gas E&P subindustry, CoJax Oil & 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.
CoJax Oil & Gas Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, CoJax Oil & Gas's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where CoJax Oil & 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 -13.78% mean?
CoJax Oil & Gas (CJAX) has a Return-on-Tangible-Equity of -13.78% 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 CoJax Oil & Gas and its competitors.
Is CoJax Oil & Gas' Return-on-Tangible-Equity too high?
CoJax Oil & Gas' current Return-on-Tangible-Equity is -13.78%. Overall, CoJax Oil & Gas has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does CoJax Oil & Gas' Return-on-Tangible-Equity compare to VOC and PRT?
CoJax Oil & Gas' Return-on-Tangible-Equity of -13.78% can be compared against companies in the Oil & Gas industry. The industry median Return-on-Tangible-Equity is 6.74. 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 6.74, 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. 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 CoJax Oil & Gas and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 6.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CoJax Oil & Gas's current Return-on-Tangible-Equity is -13.78%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CoJax Oil & Gas stock overvalued right now?
CoJax Oil & Gas (CJAX) has a current Return-on-Tangible-Equity of -13.78%. The stock's GF Value™ is $1.74, compared to a current price of $3.55 — trading 104% above its estimated fair value. The current Return-on-Tangible-Equity is -13.78%. CoJax Oil & Gas' overall GF Score™ is 9/100 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 CoJax Oil & Gas (CJAX), the current Return-on-Tangible-Equity is -13.78% 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 CoJax Oil & Gas (CJAX) Overvalued in 2026?
Based on GuruFocus' analysis, CoJax Oil & Gas stock appears to be overvalued.
The current stock price of $3.55 is trading 104% above its estimated GF Value™ of $1.74.
Key valuation signals for CJAX:
Return-on-Tangible-Equity: -13.78%
GF Value™: $1.74 vs. price of $3.55 (104% above fair value)
No single metric tells the full story. See the CJAX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CoJax Oil & Gas Corp is an oil and gas exploration and production company, with producing assets in Southwest Alabama. It is engaged in the acquisition and development of lower risk onshore oil and gas producing properties within the Southeastern United States. It generates maximum revenue from Crude oil.
9GF Score
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