Global GasHGAS Return-on-Tangible-Equity is 0.00% as of Mar. 2026. Among 1,571 Chemicals companies, Global Gas ranks better than 99.87% 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 Gas's annualized net income for the quarter that ended in Mar. 2026 was $-0.07 Mil. Global Gas's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $-0.31 Mil. Therefore, Global Gas's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was N/A%.
The historical rank and industry rank for Global Gas's Return-on-Tangible-Equity or its related term are showing as below:
HGAS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0
Current: Negative Tangible Equity
HGAS's Return-on-Tangible-Equity is ranked better than 99.87% of 1571
companies
in the Chemicals industry
Industry Median: 5.7
vs HGAS: Negative Tangible Equity
Global Gas (OTCPK:HGAS) 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 Gas Return-on-Tangible-Equity Related Terms
Global Gas Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Global Gas'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.
HGAS vs ILDO, TSEOF, BSLK: Return-on-Tangible-Equity Comparison
For the Specialty Chemicals subindustry, Global Gas'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 Gas Return-on-Tangible-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Global Gas's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Global Gas'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 0.00% mean?
Global Gas (HGAS) has a Return-on-Tangible-Equity of 0.00% 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 Global Gas and its competitors. According to the industry distribution chart, Global Gas ranks #2 out of 1571 companies in the Chemicals industry, placing it in the top 0.099999999999994%.
Is Global Gas' Return-on-Tangible-Equity too high?
Global Gas' current Return-on-Tangible-Equity is 0.00%. Based on the distribution chart, Global Gas ranks #2 out of 1571 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers.
How does Global Gas' Return-on-Tangible-Equity compare to ILDO and TSEOF?
According to the Chemicals industry distribution chart, Global Gas ranks #2 out of 1571 companies for Return-on-Tangible-Equity. This places Global Gas in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.70. 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 1,571 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 Global Gas 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. Global Gas's current Return-on-Tangible-Equity is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Gas stock overvalued right now?
Global Gas (HGAS) has a current Return-on-Tangible-Equity of 0.00%. The current Return-on-Tangible-Equity is 0.00%. 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 Gas (HGAS), the current Return-on-Tangible-Equity is 0.00% 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.
Global Gas Corp is a nascent pure-play hydrogen and carbon recovery project developer and industrial gas supplier that has commenced initial operations and is building a growing project development pipeline. The company sells hydrogen, recovered CO2, and oxygen to offtake and merchant customers requiring gas for industrial and emerging hydrogen as an energy-carrier market.
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