Helium EvolutionHEEVF 26 Return-on-Tangible-Equity is -9.22% as of Mar. 2026. GuruFocus rates HEEVF with a GF Score™ of 26/100. The stock has 1 warning sign investors should review. Among 947 Oil & Gas companies, Helium Evolution ranks worse than 84.48% 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. Helium Evolution's annualized net income for the quarter that ended in Mar. 2026 was $-1.26 Mil. Helium Evolution's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $13.72 Mil. Therefore, Helium Evolution's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -9.22%.
The historical rank and industry rank for Helium Evolution's Return-on-Tangible-Equity or its related term are showing as below:
HEEVF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -327.99 Med: -25.96 Max: -13.6
Current: -23.89
During the past 6 years, Helium Evolution's highest Return-on-Tangible-Equity was -13.60%. The lowest was -327.99%. And the median was -25.96%.
HEEVF's Return-on-Tangible-Equity is ranked worse than 84.48% of 947
companies
in the Oil & Gas industry
Industry Median: 6.74
vs HEEVF: -23.89
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.
Helium Evolution Return-on-Tangible-Equity Related Terms
Helium Evolution Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Helium Evolution'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.
HEEVF vs COP, EOG, FANG: Return-on-Tangible-Equity Comparison
For the Oil & Gas E&P subindustry, Helium Evolution'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.
Helium Evolution Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Helium Evolution's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Helium Evolution'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 -9.22% mean?
Helium Evolution (HEEVF) has a Return-on-Tangible-Equity of -9.22% 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 Helium Evolution and its competitors. According to the industry distribution chart, Helium Evolution ranks #800 out of 947 companies in the Oil & Gas industry, placing it in the top 84.5%.
Is Helium Evolution's Return-on-Tangible-Equity too high?
Helium Evolution's current Return-on-Tangible-Equity is -9.22%. Based on the distribution chart, Helium Evolution ranks #800 out of 947 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Helium Evolution has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does Helium Evolution's Return-on-Tangible-Equity compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Helium Evolution ranks #800 out of 947 companies for Return-on-Tangible-Equity. This places Helium Evolution in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.74. 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. 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 Helium Evolution 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. Helium Evolution's current Return-on-Tangible-Equity is -9.22%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Helium Evolution stock overvalued right now?
Helium Evolution (HEEVF) has a current Return-on-Tangible-Equity of -9.22%. The current Return-on-Tangible-Equity is -9.22%. Helium Evolution's overall GF Score™ is 26/100 with 1 warning sign 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 Helium Evolution (HEEVF), the current Return-on-Tangible-Equity is -9.22% 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.
Helium Evolution Inc is in the early stages of exploration for and production of helium as a resource. It is a Canadian-based helium exploration company holding helium land rights position in North America, focused on developing assets in southern Saskatchewan. The company has over five million acres of land under permit near discoveries of economic helium concentrations which will support scaling the exploration and development efforts across its land base. Its projects include Mankota Development Plan, Glenbain, Fox / Hatton, and Fox / Abbey.
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