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Global Partners LPGLP -0.14%89 Return-on-Tangible-Equity is 95.66% as of Jun. 2026, which is 132% above its 10-year median of 41.26. GuruFocus rates GLP with a GF Score™ of 89/100 and a GF Value™ of $61.16 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 953 Oil & Gas companies, Global Partners LP ranks better than 94.33% 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. Global Partners LP's annualized net income for the quarter that ended in Jun. 2026 was $284 Mil. Global Partners LP's average shareholder tangible equity for the quarter that ended in Jun. 2026 was $297 Mil. Therefore, Global Partners LP's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 95.66%.
The historical rank and industry rank for Global Partners LP's Return-on-Tangible-Equity or its related term are showing as below:
GLP'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -235.16 Med: 41.26 Max: 214.11
Current: 73.48
During the past 13 years, Global Partners LP's highest Return-on-Tangible-Equity was 214.11%. The lowest was -235.16%. And the median was 41.26%.
GLP's Return-on-Tangible-Equity is ranked better than 94.33% of 953
companies
in the Oil & Gas industry
Industry Median: 7.43
vs GLP: 73.48
Global Partners LP (NYSE:GLP) 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.
Global Partners LP Return-on-Tangible-Equity Related Terms
Global Partners LP Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Global Partners LP'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.
Global Partners LP Return-on-Tangible-Equity Chart
GLP vs FLNG, GEL, NAT: Return-on-Tangible-Equity Comparison
For the Oil & Gas Midstream subindustry, Global Partners LP'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.
Global Partners LP Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Global Partners LP's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Global Partners LP'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 (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 95.66% mean?
Global Partners LP (GLP) has a Return-on-Tangible-Equity of 95.66% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Global Partners LP and its competitors. This is 132% above median its historical median of 41.26. According to the industry distribution chart, Global Partners LP ranks #54 out of 953 companies in the Oil & Gas industry, placing it in the top 5.7%.
Is Global Partners LP's Return-on-Tangible-Equity too high?
Global Partners LP's current Return-on-Tangible-Equity of 95.66% is 132% above median its 10-year median of 41.26. The Oil & Gas industry median Return-on-Tangible-Equity is 7.43. Global Partners LP's value of 95.66% is 1187.5% above this industry median. Based on the distribution chart, Global Partners LP ranks #54 out of 953 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Global Partners LP has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Global Partners LP's Return-on-Tangible-Equity compare to FLNG and GEL?
According to the Oil & Gas industry distribution chart, Global Partners LP ranks #54 out of 953 companies for Return-on-Tangible-Equity. This places Global Partners LP in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.43. Global Partners LP's value of 95.66% is 1187.5% above this benchmark. While the company's 10-year median is 41.26 vs. the industry median of 7.43, Global Partners LP 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 7.43, based on 953 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. Global Partners LP's current Return-on-Tangible-Equity of 95.66% is 1187.5% 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 Global Partners LP and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 7.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Global Partners LP's current Return-on-Tangible-Equity is 95.66%, which is 132% above median its own 10-year median of 41.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Partners LP stock overvalued right now?
Based on GuruFocus' analysis, Global Partners LP (GLP) is currently considered Modestly Undervalued. The stock's GF Value™ is $61.16, compared to a current price of $50.57 — trading 17.3% below its estimated fair value. The current Return-on-Tangible-Equity is 95.66%, which is 132% above median its 10-year median of 41.26 and 1187.5% above the Oil & Gas industry median of 7.43. Global Partners LP's overall GF Score™ is 89/100 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 Global Partners LP (GLP), the current Return-on-Tangible-Equity is 95.66% as of Jun. 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 Global Partners LP (GLP) Overvalued in 2026?
Based on GuruFocus' analysis, Global Partners LP stock appears to be undervalued.
The current stock price of $50.57 is trading 17.3% below its estimated GF Value™ of $61.16.
GuruFocus considers Global Partners LP to be Modestly Undervalued.
Key valuation signals for GLP:
Return-on-Tangible-Equity: 95.66% (132% above median its 10-year median of 41.26)
GF Value™: $61.16 vs. price of $50.57 (17.3% below fair value)
Industry Position: 1187.5% above the Oil & Gas median (#54 of 953)
No single metric tells the full story. See the GLP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Global Partners LP is a limited partnership that acts as a midstream logistics and marketing company. It is mainly engaged in purchasing, selling, storing and logistics of transporting petroleum and related products. The company owns and operates and control terminal networks of refined petroleum products and renewable fuels in Massachusetts, Maine, Connecticut, Vermont, and other places. It distributes gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, natural gas and propane to wholesalers, retailers and commercial customers. The company operates through three segments i.e. Wholesale, Gasoline Distribution and Station Operations and Commercial. It generates maximum revenue from the GDSO segment.
89GF Score
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