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South BowHAM:R8M -2.13%15 Return-on-Tangible-Equity is 20.16% as of Jun. 2026, which is 30% above its 10-year median of 15.56. GuruFocus rates HAM:R8M with a GF Score™ of 15/100. The stock has 11 warning signs investors should review. Among 951 Oil & Gas companies, South Bow ranks better than 70.98% 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. South Bow's annualized net income for the quarter that ended in Jun. 2026 was €465 Mil. South Bow's average shareholder tangible equity for the quarter that ended in Jun. 2026 was €2,307 Mil. Therefore, South Bow's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 20.16%.
The historical rank and industry rank for South Bow's Return-on-Tangible-Equity or its related term are showing as below:
HAM:R8M'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 11.96 Med: 15.56 Max: 17.36
Current: 17.36
During the past 3 years, South Bow's highest Return-on-Tangible-Equity was 17.36%. The lowest was 11.96%. And the median was 15.56%.
HAM:R8M's Return-on-Tangible-Equity is ranked better than 70.98% of 951
companies
in the Oil & Gas industry
Industry Median: 6.83
vs HAM:R8M: 17.36
South Bow (HAM:R8M) 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.
South Bow Return-on-Tangible-Equity Related Terms
South Bow Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for South Bow'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.
For the Oil & Gas Midstream subindustry, South Bow'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.
South Bow Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, South Bow's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where South Bow'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 20.16% mean?
South Bow (HAM:R8M) has a Return-on-Tangible-Equity of 20.16% 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 South Bow and its competitors. This is 30% above median its historical median of 15.56. Over the past decade, South Bow's Return-on-Tangible-Equity has ranged from 11.96 to 17.36. According to the industry distribution chart, South Bow ranks #276 out of 951 companies in the Oil & Gas industry, placing it in the top 29%.
Is South Bow's Return-on-Tangible-Equity too high?
South Bow's current Return-on-Tangible-Equity of 20.16% is 30% above median its 10-year median of 15.56. Over the past 10 years, this metric has ranged from a low of 11.96 to a high of 17.36. The Oil & Gas industry median Return-on-Tangible-Equity is 6.83. South Bow's value of 20.16% is 195.2% above this industry median. Based on the distribution chart, South Bow ranks #276 out of 951 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, South Bow has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does South Bow's Return-on-Tangible-Equity compare to ?
According to the Oil & Gas industry distribution chart, South Bow ranks #276 out of 951 companies for Return-on-Tangible-Equity. This puts South Bow in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.83. South Bow's value of 20.16% is 195.2% above this benchmark. Historically, South Bow's own Return-on-Tangible-Equity has ranged from 11.96 to 17.36 over the past decade. While the company's 10-year median is 15.56 vs. the industry median of 6.83, South Bow 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 6.83, based on 951 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. South Bow's current Return-on-Tangible-Equity of 20.16% is 195.2% 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 South Bow and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 6.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. South Bow's current Return-on-Tangible-Equity is 20.16%, which is 30% above median its own 10-year median of 15.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is South Bow stock overvalued right now?
South Bow (HAM:R8M) has a current Return-on-Tangible-Equity of 20.16%. The current Return-on-Tangible-Equity is 20.16%, which is 30% above median its 10-year median of 15.56 and 195.2% above the Oil & Gas industry median of 6.83. South Bow's overall GF Score™ is 15/100 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 South Bow (HAM:R8M), the current Return-on-Tangible-Equity is 20.16% 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.
South Bow Corp is a energy infrastructure company. The company is engaged in constructing pipelines system safely transports liquids like crude oil, across Canadian provinces, U.S. states, and Gulf coasts. It has three reportable segments: Keystone Pipeline System, Marketing, and Intra-Alberta & Other. It derives maximum revenue from Keystone Pipeline System segment. The company's projects and pipelines include: Blackrod connection project; Grand Rapids Pipeline System; Marketlink Pipeline System; Keystone Pipeline System; Port Neches Link; and White Spruce Pipeline System.
15GF Score
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