Neste OYJMEX:NESTEN 80 Return-on-Tangible-Equity is 30.74% as of Mar. 2026, which is 48% above its 10-year median of 20.79. GuruFocus rates MEX:NESTEN with a GF Score™ of 80/100 and a GF Value™ of MXN412.25. The stock has 6 warning signs investors should review. Among 945 Oil & Gas companies, Neste OYJ ranks better than 60.63% 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. Neste OYJ's annualized net income for the quarter that ended in Mar. 2026 was MXN44,446 Mil. Neste OYJ's average shareholder tangible equity for the quarter that ended in Mar. 2026 was MXN144,576 Mil. Therefore, Neste OYJ's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 30.74%.
The historical rank and industry rank for Neste OYJ's Return-on-Tangible-Equity or its related term are showing as below:
MEX:NESTEN'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1.31 Med: 20.79 Max: 34.81
Current: 10.68
During the past 13 years, Neste OYJ's highest Return-on-Tangible-Equity was 34.81%. The lowest was -1.31%. And the median was 20.79%.
MEX:NESTEN's Return-on-Tangible-Equity is ranked better than 60.63% of 945
companies
in the Oil & Gas industry
Industry Median: 6.71
vs MEX:NESTEN: 10.68
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.
Neste OYJ Return-on-Tangible-Equity Related Terms
Neste OYJ Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Neste OYJ'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.
MEX:NESTEN vs VLO, MPC, PSX: Return-on-Tangible-Equity Comparison
For the Oil & Gas Refining & Marketing subindustry, Neste OYJ'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.
Neste OYJ Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Neste OYJ's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Neste OYJ'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 30.74% mean?
Neste OYJ (MEX:NESTEN) has a Return-on-Tangible-Equity of 30.74% 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 Neste OYJ and its competitors. This is 48% above median its historical median of 20.79. According to the industry distribution chart, Neste OYJ ranks #372 out of 945 companies in the Oil & Gas industry, placing it in the top 39.4%.
Is Neste OYJ's Return-on-Tangible-Equity too high?
Neste OYJ's current Return-on-Tangible-Equity of 30.74% is 48% above median its 10-year median of 20.79. The Oil & Gas industry median Return-on-Tangible-Equity is 6.71. Neste OYJ's value of 30.74% is 358.1% above this industry median. Based on the distribution chart, Neste OYJ ranks #372 out of 945 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Neste OYJ has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Neste OYJ's Return-on-Tangible-Equity compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Neste OYJ ranks #372 out of 945 companies for Return-on-Tangible-Equity. This puts Neste OYJ in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.71. Neste OYJ's value of 30.74% is 358.1% above this benchmark. While the company's 10-year median is 20.79 vs. the industry median of 6.71, Neste OYJ 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 6.71, based on 945 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. Neste OYJ's current Return-on-Tangible-Equity of 30.74% is 358.1% 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 Neste OYJ and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 6.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Neste OYJ's current Return-on-Tangible-Equity is 30.74%, which is 48% above median its own 10-year median of 20.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neste OYJ stock overvalued right now?
Neste OYJ (MEX:NESTEN) has a current Return-on-Tangible-Equity of 30.74%. The stock's GF Value™ is MXN412.25, compared to a current price of MXN593.47 — trading 44% above its estimated fair value. The current Return-on-Tangible-Equity is 30.74%, which is 48% above median its 10-year median of 20.79 and 358.1% above the Oil & Gas industry median of 6.71. Neste OYJ's overall GF Score™ is 80/100 with 6 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 Neste OYJ (MEX:NESTEN), the current Return-on-Tangible-Equity is 30.74% 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 Neste OYJ (MEX:NESTEN) Overvalued in 2026?
Based on GuruFocus' analysis, Neste OYJ stock appears to be overvalued.
The current stock price of MXN593.47 is trading 44% above its estimated GF Value™ of MXN412.25.
Key valuation signals for MEX:NESTEN:
Return-on-Tangible-Equity: 30.74% (48% above median its 10-year median of 20.79)
GF Value™: MXN412.25 vs. price of MXN593.47 (44% above fair value)
Industry Position: 358.1% above the Oil & Gas median (#372 of 945)
No single metric tells the full story. See the MEX:NESTEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Neste OYJ is a producer of renewable diesel and sustainable aviation fuel (SAF), with production on three continents. The group also produces oil products and has a network of several fuel stations with expanding service offerings, such as EV charging, in Finland and in the Baltics. Neste has three reporting segments: Renewable Products, Oil Products, and Marketing and Services. Maximum revenue is generated from its Oil Products segment, which offers oil products and related services for the road transportation, heavy machinery, agriculture, aviation, and marine sectors, as well as products for the oil and petrochemical industries. Geographically, the group generates maximum revenue from other European countries (excluding Finland), followed by Finland, the USA, and other markets.
80GF Score
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