Horizon OilFRA:HOJ -10.85%39 Return-on-Tangible-Equity is 7.98% as of Dec. 2025, which is 35% below its 10-year median of 12.30. GuruFocus rates FRA:HOJ with a GF Score™ of 39/100 and a GF Value™ of €0.09 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 947 Oil & Gas companies, Horizon Oil ranks better than 66% 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. Horizon Oil's annualized net income for the quarter that ended in Dec. 2025 was €4.03 Mil. Horizon Oil's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €50.53 Mil. Therefore, Horizon Oil's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 7.98%.
The historical rank and industry rank for Horizon Oil's Return-on-Tangible-Equity or its related term are showing as below:
FRA:HOJ'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -82.46 Med: 12.3 Max: 46.03
Current: 12.48
During the past 13 years, Horizon Oil's highest Return-on-Tangible-Equity was 46.03%. The lowest was -82.46%. And the median was 12.30%.
FRA:HOJ's Return-on-Tangible-Equity is ranked better than 66% of 947
companies
in the Oil & Gas industry
Industry Median: 6.74
vs FRA:HOJ: 12.48
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.
Horizon Oil Return-on-Tangible-Equity Related Terms
Horizon Oil Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Horizon Oil'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.
FRA:HOJ vs COP, EOG, FANG: Return-on-Tangible-Equity Comparison
For the Oil & Gas E&P subindustry, Horizon Oil'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.
Horizon Oil Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Horizon Oil's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Horizon Oil'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 7.98% mean?
Horizon Oil (FRA:HOJ) has a Return-on-Tangible-Equity of 7.98% 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 Horizon Oil and its competitors. This is 35% below median its historical median of 12.30. According to the industry distribution chart, Horizon Oil ranks #322 out of 947 companies in the Oil & Gas industry, placing it in the top 34%.
Is Horizon Oil's Return-on-Tangible-Equity too high?
Horizon Oil's current Return-on-Tangible-Equity of 7.98% is 35% below median its 10-year median of 12.30. The Oil & Gas industry median Return-on-Tangible-Equity is 6.74. Horizon Oil's value of 7.98% is 18.4% above this industry median. Based on the distribution chart, Horizon Oil ranks #322 out of 947 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Horizon Oil has a GF Score™ of 39/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Horizon Oil's Return-on-Tangible-Equity compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Horizon Oil ranks #322 out of 947 companies for Return-on-Tangible-Equity. This puts Horizon Oil in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.74. Horizon Oil's value of 7.98% is 18.4% above this benchmark. While the company's 10-year median is 12.30 vs. the industry median of 6.74, Horizon Oil 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 947 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. Horizon Oil's current Return-on-Tangible-Equity of 7.98% is 18.4% 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 Horizon Oil 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. Horizon Oil's current Return-on-Tangible-Equity is 7.98%, which is 35% below median its own 10-year median of 12.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horizon Oil stock overvalued right now?
Based on GuruFocus' analysis, Horizon Oil (FRA:HOJ) is currently considered Modestly Overvalued. The stock's GF Value™ is €0.09, compared to a current price of €0.12 — trading 27.8% above its estimated fair value. The current Return-on-Tangible-Equity is 7.98%, which is 35% below median its 10-year median of 12.30 and 18.4% above the Oil & Gas industry median of 6.74. Horizon Oil's overall GF Score™ is 39/100 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 Horizon Oil (FRA:HOJ), the current Return-on-Tangible-Equity is 7.98% 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 Horizon Oil (FRA:HOJ) Overvalued in 2026?
Based on GuruFocus' analysis, Horizon Oil stock appears to be overvalued.
The current stock price of €0.12 is trading 27.8% above its estimated GF Value™ of €0.09.
GuruFocus considers Horizon Oil to be Modestly Overvalued.
Key valuation signals for FRA:HOJ:
Return-on-Tangible-Equity: 7.98% (35% below median its 10-year median of 12.30)
GF Value™: €0.09 vs. price of €0.12 (27.8% above fair value)
Industry Position: 18.4% above the Oil & Gas median (#322 of 947)
No single metric tells the full story. See the FRA:HOJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Horizon Oil Ltd is engaged in petroleum exploration, development, and production. The company operates in three segments: China development, New Zealand development, and Australia development. It generates maximum revenue from the China development segment, which is involved in developing and producing crude oil from the Block 22/12-WZ6-12, WZ12-8W and WZ12-8E oil field developments and in the exploration and evaluation of hydrocarbons within Block 22/12. The New Zealand development segment is currently involved in developing and producing crude oil from the Maari/Manaia oil field development, and the Australia development segment is engaged in developing and producing oil and gas from the Mereenie OL4 and OL5 oil and gas fields.
39GF Score
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