AmpolCTXAF +12.72%82 Return-on-Tangible-Equity is 11.58% as of Dec. 2025, which is 47% below its 10-year median of 21.67. GuruFocus rates CTXAF with a GF Score™ of 82/100 and a GF Value™ of $14.42. The stock has 4 warning signs investors should review. Among 945 Oil & Gas companies, Ampol ranks worse than 56.19% 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. Ampol's annualized net income for the quarter that ended in Dec. 2025 was $143 Mil. Ampol's average shareholder tangible equity for the quarter that ended in Dec. 2025 was $1,236 Mil. Therefore, Ampol's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 11.58%.
The historical rank and industry rank for Ampol's Return-on-Tangible-Equity or its related term are showing as below:
CTXAF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -19.1 Med: 21.67 Max: 34.6
Current: 4.46
During the past 13 years, Ampol's highest Return-on-Tangible-Equity was 34.60%. The lowest was -19.10%. And the median was 21.67%.
CTXAF's Return-on-Tangible-Equity is ranked worse than 56.19% of 945
companies
in the Oil & Gas industry
Industry Median: 6.74
vs CTXAF: 4.46
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.
Ampol Return-on-Tangible-Equity Related Terms
Ampol Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Ampol'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.
CTXAF vs VLO, MPC, PSX: Return-on-Tangible-Equity Comparison
For the Oil & Gas Refining & Marketing subindustry, Ampol'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.
Ampol Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Ampol's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ampol'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 11.58% mean?
Ampol (CTXAF) has a Return-on-Tangible-Equity of 11.58% 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 Ampol and its competitors. This is 47% below median its historical median of 21.67. According to the industry distribution chart, Ampol ranks #531 out of 945 companies in the Oil & Gas industry, placing it in the top 56.2%.
Is Ampol's Return-on-Tangible-Equity too high?
Ampol's current Return-on-Tangible-Equity of 11.58% is 47% below median its 10-year median of 21.67. The Oil & Gas industry median Return-on-Tangible-Equity is 6.74. Ampol's value of 11.58% is 71.8% above this industry median. Based on the distribution chart, Ampol ranks #531 out of 945 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Ampol has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Ampol's Return-on-Tangible-Equity compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Ampol ranks #531 out of 945 companies for Return-on-Tangible-Equity. This places Ampol in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.74. Ampol's value of 11.58% is 71.8% above this benchmark. While the company's 10-year median is 21.67 vs. the industry median of 6.74, Ampol 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 6.74, based on 945 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. Ampol's current Return-on-Tangible-Equity of 11.58% is 71.8% 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 Ampol 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. Ampol's current Return-on-Tangible-Equity is 11.58%, which is 47% below median its own 10-year median of 21.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ampol stock overvalued right now?
Ampol (CTXAF) has a current Return-on-Tangible-Equity of 11.58%. The stock's GF Value™ is $14.42, compared to a current price of $16.30 — trading 13% above its estimated fair value. The current Return-on-Tangible-Equity is 11.58%, which is 47% below median its 10-year median of 21.67 and 71.8% above the Oil & Gas industry median of 6.74. Ampol's overall GF Score™ is 82/100 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 Ampol (CTXAF), the current Return-on-Tangible-Equity is 11.58% 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.
Is Ampol (CTXAF) Overvalued in 2026?
Based on GuruFocus' analysis, Ampol stock appears to be overvalued.
The current stock price of $16.30 is trading 13% above its estimated GF Value™ of $14.42.
Key valuation signals for CTXAF:
Return-on-Tangible-Equity: 11.58% (47% below median its 10-year median of 21.67)
GF Value™: $14.42 vs. price of $16.30 (13% above fair value)
Industry Position: 71.8% above the Oil & Gas median (#531 of 945)
No single metric tells the full story. See the CTXAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ampol (nee Caltex) is the largest and only Australian-listed petroleum refiner and distributor, with operations in all states and territories. It was a major international brand of Chevron's until that 50% owner sold out in 2015. Caltex transitioned to Ampol branding due to Chevron terminating its licence to use the Caltex brand in Australia. Ampol has operated for more than 100 years. It owns and operates a refinery at Lytton in Brisbane, but closed Sydney's Kurnell refinery to focus on the more profitable distribution/retail segment. It successfully completed a NZD 2.0 billion bid for New Zealand peer Z Energy in first-half 2022.
82GF Score
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