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OGE EnergyFRA:OG5 -1.90%77 Return-on-Tangible-Equity is 4.08% as of Mar. 2026, which is 60% below its 10-year median of 10.32. GuruFocus rates FRA:OG5 with a GF Score™ of 77/100 and a GF Value™ of €37.66. The stock has 11 warning signs investors should review. Among 496 Utilities - Regulated companies, OGE Energy ranks worse than 55.24% 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. OGE Energy's annualized net income for the quarter that ended in Mar. 2026 was €174 Mil. OGE Energy's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €4,262 Mil. Therefore, OGE Energy's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 4.08%.
The historical rank and industry rank for OGE Energy's Return-on-Tangible-Equity or its related term are showing as below:
FRA:OG5'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -4.47 Med: 10.32 Max: 19.18
Current: 9.56
During the past 13 years, OGE Energy's highest Return-on-Tangible-Equity was 19.18%. The lowest was -4.47%. And the median was 10.32%.
FRA:OG5's Return-on-Tangible-Equity is ranked worse than 55.24% of 496
companies
in the Utilities - Regulated industry
Industry Median: 10.91
vs FRA:OG5: 9.56
OGE Energy (FRA:OG5) 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.
OGE Energy Return-on-Tangible-Equity Related Terms
OGE Energy Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for OGE Energy'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:OG5 vs IDA, PNW, TXNM: Return-on-Tangible-Equity Comparison
For the Utilities - Regulated Electric subindustry, OGE Energy'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.
OGE Energy Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, OGE Energy's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where OGE Energy'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 4.08% mean?
OGE Energy (FRA:OG5) has a Return-on-Tangible-Equity of 4.08% 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 OGE Energy and its competitors. This is 60% below median its historical median of 10.32. According to the industry distribution chart, OGE Energy ranks #274 out of 496 companies in the Utilities - Regulated industry, placing it in the top 55.2%.
Is OGE Energy's Return-on-Tangible-Equity too high?
OGE Energy's current Return-on-Tangible-Equity of 4.08% is 60% below median its 10-year median of 10.32. The Utilities - Regulated industry median Return-on-Tangible-Equity is 10.91. OGE Energy's value of 4.08% is 62.6% below this industry median. Based on the distribution chart, OGE Energy ranks #274 out of 496 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, OGE Energy has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does OGE Energy's Return-on-Tangible-Equity compare to IDA and PNW?
According to the Utilities - Regulated industry distribution chart, OGE Energy ranks #274 out of 496 companies for Return-on-Tangible-Equity. This places OGE Energy in the lower half of its industry. The industry median Return-on-Tangible-Equity is 10.91. OGE Energy's value of 4.08% is 62.6% below this benchmark. While the company's 10-year median is 10.32 vs. the industry median of 10.91, OGE Energy 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 Utilities - Regulated company?
The median Return-on-Tangible-Equity among Utilities - Regulated companies is 10.91, based on 496 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. OGE Energy's current Return-on-Tangible-Equity of 4.08% is 62.6% 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 OGE Energy and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Equity is 10.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. OGE Energy's current Return-on-Tangible-Equity is 4.08%, which is 60% below median its own 10-year median of 10.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OGE Energy stock overvalued right now?
OGE Energy (FRA:OG5) has a current Return-on-Tangible-Equity of 4.08%. The stock's GF Value™ is €37.66, compared to a current price of €41.20 — trading 9.4% above its estimated fair value. The current Return-on-Tangible-Equity is 4.08%, which is 60% below median its 10-year median of 10.32 and 62.6% below the Utilities - Regulated industry median of 10.91. OGE Energy's overall GF Score™ is 77/100 with 11 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 OGE Energy (FRA:OG5), the current Return-on-Tangible-Equity is 4.08% 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 OGE Energy (FRA:OG5) Overvalued in 2026?
Based on GuruFocus' analysis, OGE Energy stock appears to be overvalued.
The current stock price of €41.20 is trading 9.4% above its estimated GF Value™ of €37.66.
Key valuation signals for FRA:OG5:
Return-on-Tangible-Equity: 4.08% (60% below median its 10-year median of 10.32)
GF Value™: €37.66 vs. price of €41.20 (9.4% above fair value)
Industry Position: 62.6% below the Utilities - Regulated median (#274 of 496)
No single metric tells the full story. See the FRA:OG5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
OGE Energy is a holding company for Oklahoma Gas & Electric, a regulated utility with electricity generation, transmission, and distribution service for 900,000 customers in Oklahoma and western Arkansas. In December 2021, OGE divested its 25.5% stake in Enable Midstream Partners, an oil and gas services company it created in 2013 through a unit exchange merger with Energy Transfer. OGE sold its 95.4 million limited partner units of Energy Transfer throughout 2022. OGE sold its retail gas business in 1928 and no longer has any gas operations.
77GF Score
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