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NATURELGAZNAYI VE TICARET ASIST:NTGAZ +0.89%81 Return-on-Tangible-Equity is 40.19% as of Mar. 2026, which is 164% above its 10-year median of 15.25. GuruFocus rates IST:NTGAZ with a GF Score™ of 81/100 and a GF Value™ of ₺8.31 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 942 Oil & Gas companies, NATURELGAZNAYI VE TICARET AS ranks better than 81.21% 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. NATURELGAZNAYI VE TICARET AS's annualized net income for the quarter that ended in Mar. 2026 was ₺2,233 Mil. NATURELGAZNAYI VE TICARET AS's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₺5,555 Mil. Therefore, NATURELGAZNAYI VE TICARET AS's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 40.19%.
The historical rank and industry rank for NATURELGAZNAYI VE TICARET AS's Return-on-Tangible-Equity or its related term are showing as below:
IST:NTGAZ'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -30.85 Med: 15.25 Max: 66.95
Current: 21.87
During the past 8 years, NATURELGAZNAYI VE TICARET AS's highest Return-on-Tangible-Equity was 66.95%. The lowest was -30.85%. And the median was 15.25%.
IST:NTGAZ's Return-on-Tangible-Equity is ranked better than 81.21% of 942
companies
in the Oil & Gas industry
Industry Median: 6.77
vs IST:NTGAZ: 21.87
NATURELGAZNAYI VE TICARET AS (IST:NTGAZ) 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.
NATURELGAZNAYI VE TICARET AS Return-on-Tangible-Equity Related Terms
NATURELGAZNAYI VE TICARET AS Return-on-Tangible-Equity Historical Data
* 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.
NATURELGAZNAYI VE TICARET AS Return-on-Tangible-Equity Chart
IST:NTGAZ vs WMB, EPD, KMI: Return-on-Tangible-Equity Comparison
For the Oil & Gas Midstream subindustry, NATURELGAZNAYI VE TICARET AS'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.
NATURELGAZNAYI VE TICARET AS Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NATURELGAZNAYI VE TICARET AS's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where NATURELGAZNAYI VE TICARET AS'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 40.19% mean?
NATURELGAZNAYI VE TICARET AS (IST:NTGAZ) has a Return-on-Tangible-Equity of 40.19% 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 NATURELGAZNAYI VE TICARET AS and its competitors. This is 164% above median its historical median of 15.25. According to the industry distribution chart, NATURELGAZNAYI VE TICARET AS ranks #177 out of 942 companies in the Oil & Gas industry, placing it in the top 18.8%.
Is NATURELGAZNAYI VE TICARET AS's Return-on-Tangible-Equity too high?
NATURELGAZNAYI VE TICARET AS's current Return-on-Tangible-Equity of 40.19% is 164% above median its 10-year median of 15.25. The Oil & Gas industry median Return-on-Tangible-Equity is 6.77. NATURELGAZNAYI VE TICARET AS's value of 40.19% is 493.6% above this industry median. Based on the distribution chart, NATURELGAZNAYI VE TICARET AS ranks #177 out of 942 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, NATURELGAZNAYI VE TICARET AS has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NATURELGAZNAYI VE TICARET AS's Return-on-Tangible-Equity compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, NATURELGAZNAYI VE TICARET AS ranks #177 out of 942 companies for Return-on-Tangible-Equity. This places NATURELGAZNAYI VE TICARET AS in the top 19% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.77. NATURELGAZNAYI VE TICARET AS's value of 40.19% is 493.6% above this benchmark. While the company's 10-year median is 15.25 vs. the industry median of 6.77, NATURELGAZNAYI VE TICARET AS 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 6.77, based on 942 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. NATURELGAZNAYI VE TICARET AS's current Return-on-Tangible-Equity of 40.19% is 493.6% 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 NATURELGAZNAYI VE TICARET AS and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 6.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NATURELGAZNAYI VE TICARET AS's current Return-on-Tangible-Equity is 40.19%, which is 164% above median its own 10-year median of 15.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NATURELGAZNAYI VE TICARET AS stock overvalued right now?
Based on GuruFocus' analysis, NATURELGAZNAYI VE TICARET AS (IST:NTGAZ) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺8.31, compared to a current price of ₺11.30 — trading 36% above its estimated fair value. The current Return-on-Tangible-Equity is 40.19%, which is 164% above median its 10-year median of 15.25 and 493.6% above the Oil & Gas industry median of 6.77. NATURELGAZNAYI VE TICARET AS's overall GF Score™ is 81/100 with 2 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 NATURELGAZNAYI VE TICARET AS (IST:NTGAZ), the current Return-on-Tangible-Equity is 40.19% 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 NATURELGAZNAYI VE TICARET AS (IST:NTGAZ) Overvalued in 2026?
Based on GuruFocus' analysis, NATURELGAZNAYI VE TICARET AS stock appears to be overvalued.
The current stock price of ₺11.30 is trading 36% above its estimated GF Value™ of ₺8.31.
GuruFocus considers NATURELGAZNAYI VE TICARET AS to be Significantly Overvalued.
Key valuation signals for IST:NTGAZ:
Return-on-Tangible-Equity: 40.19% (164% above median its 10-year median of 15.25)
GF Value™: ₺8.31 vs. price of ₺11.30 (36% above fair value)
Industry Position: 493.6% above the Oil & Gas median (#177 of 942)
No single metric tells the full story. See the IST:NTGAZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NATURELGAZ SANAYI VE TICARET AS activities of transmitting natural gas via CNG transport units to consumers who need natural gas but do not have access to pipelines, such as industrial establishments, factories, asphalt construction sites, hotels, and institutions requiring heating.
81GF Score
Get the complete analysis for IST:NTGAZ
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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