NewMarketFRA:UG9 -1.50%75 Return-on-Tangible-Equity is 58.07% as of Mar. 2026, which is 13% above its 10-year median of 51.52. GuruFocus rates FRA:UG9 with a GF Score™ of 75/100 and a GF Value™ of €486.25 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,567 Chemicals companies, NewMarket ranks better than 96.62% 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. NewMarket's annualized net income for the quarter that ended in Mar. 2026 was €409 Mil. NewMarket's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €703 Mil. Therefore, NewMarket's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 58.07%.
The historical rank and industry rank for NewMarket's Return-on-Tangible-Equity or its related term are showing as below:
FRA:UG9'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 30.2 Med: 51.52 Max: 57.87
Current: 48.39
During the past 13 years, NewMarket's highest Return-on-Tangible-Equity was 57.87%. The lowest was 30.20%. And the median was 51.52%.
FRA:UG9's Return-on-Tangible-Equity is ranked better than 96.62% of 1567
companies
in the Chemicals industry
Industry Median: 5.7
vs FRA:UG9: 48.39
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.
NewMarket Return-on-Tangible-Equity Related Terms
NewMarket Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for NewMarket'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:UG9 vs AXTA, EMN, PRM: Return-on-Tangible-Equity Comparison
For the Specialty Chemicals subindustry, NewMarket'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.
NewMarket Return-on-Tangible-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, NewMarket's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where NewMarket'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 58.07% mean?
NewMarket (FRA:UG9) has a Return-on-Tangible-Equity of 58.07% 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 NewMarket and its competitors. This is 13% above median its historical median of 51.52. Over the past decade, NewMarket's Return-on-Tangible-Equity has ranged from 30.20 to 57.87. According to the industry distribution chart, NewMarket ranks #53 out of 1567 companies in the Chemicals industry, placing it in the top 3.4%.
Is NewMarket's Return-on-Tangible-Equity too high?
NewMarket's current Return-on-Tangible-Equity of 58.07% is 13% above median its 10-year median of 51.52. Over the past 10 years, this metric has ranged from a low of 30.20 to a high of 57.87. The Chemicals industry median Return-on-Tangible-Equity is 5.70. NewMarket's value of 58.07% is 918.8% above this industry median. Based on the distribution chart, NewMarket ranks #53 out of 1567 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, NewMarket has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NewMarket's Return-on-Tangible-Equity compare to AXTA and EMN?
According to the Chemicals industry distribution chart, NewMarket ranks #53 out of 1567 companies for Return-on-Tangible-Equity. This places NewMarket in the top 3% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.70. NewMarket's value of 58.07% is 918.8% above this benchmark. Historically, NewMarket's own Return-on-Tangible-Equity has ranged from 30.20 to 57.87 over the past decade. While the company's 10-year median is 51.52 vs. the industry median of 5.70, NewMarket 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 a Chemicals company?
The median Return-on-Tangible-Equity among Chemicals companies is 5.70, based on 1,567 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. NewMarket's current Return-on-Tangible-Equity of 58.07% is 918.8% 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 NewMarket and its competitors. For the Chemicals industry, the median Return-on-Tangible-Equity is 5.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NewMarket's current Return-on-Tangible-Equity is 58.07%, which is 13% above median its own 10-year median of 51.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NewMarket stock overvalued right now?
Based on GuruFocus' analysis, NewMarket (FRA:UG9) is currently considered Significantly Overvalued. The stock's GF Value™ is €486.25, compared to a current price of €655.00 — trading 34.7% above its estimated fair value. The current Return-on-Tangible-Equity is 58.07%, which is 13% above median its 10-year median of 51.52 and 918.8% above the Chemicals industry median of 5.70. NewMarket's overall GF Score™ is 75/100 with 5 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 NewMarket (FRA:UG9), the current Return-on-Tangible-Equity is 58.07% 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 NewMarket (FRA:UG9) Overvalued in 2026?
Based on GuruFocus' analysis, NewMarket stock appears to be overvalued.
The current stock price of €655.00 is trading 34.7% above its estimated GF Value™ of €486.25.
GuruFocus considers NewMarket to be Significantly Overvalued.
Key valuation signals for FRA:UG9:
Return-on-Tangible-Equity: 58.07% (13% above median its 10-year median of 51.52)
GF Value™: €486.25 vs. price of €655.00 (34.7% above fair value)
Industry Position: 918.8% above the Chemicals median (#53 of 1567)
No single metric tells the full story. See the FRA:UG9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NewMarket Corp is a holding company that, through its subsidiaries, manufactures and sells petroleum additives used in lubricating oils and fuels to enhance performance. The company operates through two segments: petroleum additives, mainly represented by Afton, where lubricant additives improve the efficiency and durability of base fluids and fuel additives help meet fuel specifications and improve fuel performance, and specialty materials, represented by AMPAC and Calca, including the antiknock compounds business of Ethyl, where primary raw materials include electricity, sodium chlorate, ammonia, chlorine, caustic, and hydrochloric acid, with graphite used in electrolytic cells. The company has operations in North America, Latin America, Asia Pacific, and EMEAI regions.
75GF Score
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