PJSC RussNeftMIC:RNFT -3.49%82 Return-on-Tangible-Equity is 18.84% as of Dec. 2025, which is 47% below its 10-year median of 35.66. GuruFocus rates MIC:RNFT with a GF Score™ of 82/100 and a GF Value™ of ₽139.26 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 947 Oil & Gas companies, PJSC RussNeft ranks better than 77.19% 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. PJSC RussNeft's annualized net income for the quarter that ended in Dec. 2025 was ₽24,158 Mil. PJSC RussNeft's average shareholder tangible equity for the quarter that ended in Dec. 2025 was ₽128,218 Mil. Therefore, PJSC RussNeft's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 18.84%.
The historical rank and industry rank for PJSC RussNeft's Return-on-Tangible-Equity or its related term are showing as below:
MIC:RNFT'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -46.31 Med: 35.66 Max: 84.09
Current: 18.48
During the past 13 years, PJSC RussNeft's highest Return-on-Tangible-Equity was 84.09%. The lowest was -46.31%. And the median was 35.66%.
MIC:RNFT's Return-on-Tangible-Equity is ranked better than 77.19% of 947
companies
in the Oil & Gas industry
Industry Median: 6.74
vs MIC:RNFT: 18.48
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.
PJSC RussNeft Return-on-Tangible-Equity Related Terms
PJSC RussNeft Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for PJSC RussNeft'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.
MIC:RNFT vs COP, EOG, FANG: Return-on-Tangible-Equity Comparison
For the Oil & Gas E&P subindustry, PJSC RussNeft'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.
PJSC RussNeft Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, PJSC RussNeft's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where PJSC RussNeft'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 two times the semi-annual (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 18.84% mean?
PJSC RussNeft (MIC:RNFT) has a Return-on-Tangible-Equity of 18.84% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on PJSC RussNeft and its competitors. This is 47% below median its historical median of 35.66. According to the industry distribution chart, PJSC RussNeft ranks #216 out of 947 companies in the Oil & Gas industry, placing it in the top 22.8%.
Is PJSC RussNeft's Return-on-Tangible-Equity too high?
PJSC RussNeft's current Return-on-Tangible-Equity of 18.84% is 47% below median its 10-year median of 35.66. The Oil & Gas industry median Return-on-Tangible-Equity is 6.74. PJSC RussNeft's value of 18.84% is 179.5% above this industry median. Based on the distribution chart, PJSC RussNeft ranks #216 out of 947 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, PJSC RussNeft has a GF Score™ of 82/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PJSC RussNeft's Return-on-Tangible-Equity compare to COP and EOG?
According to the Oil & Gas industry distribution chart, PJSC RussNeft ranks #216 out of 947 companies for Return-on-Tangible-Equity. This places PJSC RussNeft in the top 23% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.74. PJSC RussNeft's value of 18.84% is 179.5% above this benchmark. While the company's 10-year median is 35.66 vs. the industry median of 6.74, PJSC RussNeft 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 6.74, 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. PJSC RussNeft's current Return-on-Tangible-Equity of 18.84% is 179.5% 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 PJSC RussNeft 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. PJSC RussNeft's current Return-on-Tangible-Equity is 18.84%, which is 47% below median its own 10-year median of 35.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PJSC RussNeft stock overvalued right now?
Based on GuruFocus' analysis, PJSC RussNeft (MIC:RNFT) is currently considered Possible Value Trap. The stock's GF Value™ is ₽139.26, compared to a current price of ₽70.45 — trading 49.4% below its estimated fair value. The current Return-on-Tangible-Equity is 18.84%, which is 47% below median its 10-year median of 35.66 and 179.5% above the Oil & Gas industry median of 6.74. PJSC RussNeft's overall GF Score™ is 82/100 with 7 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 PJSC RussNeft (MIC:RNFT), the current Return-on-Tangible-Equity is 18.84% as of Dec. 2025. 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 PJSC RussNeft (MIC:RNFT) Overvalued in 2026?
Based on GuruFocus' analysis, PJSC RussNeft stock appears to be undervalued.
The current stock price of ₽70.45 is trading 49.4% below its estimated GF Value™ of ₽139.26.
GuruFocus considers PJSC RussNeft to be Possible Value Trap.
Key valuation signals for MIC:RNFT:
Return-on-Tangible-Equity: 18.84% (47% below median its 10-year median of 35.66)
GF Value™: ₽139.26 vs. price of ₽70.45 (49.4% below fair value)
Industry Position: 179.5% above the Oil & Gas median (#216 of 947)
No single metric tells the full story. See the MIC:RNFT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PJSC RussNeft is engaged in the exploration, development, production, and marketing of oil and gas. Its operations include oil production, gas production, exploration and reserves, and technological development. The company has activities in Moscow, Raduzhny, Tomsk, Saratov, Bryansk, Ulyanovsk, Khanty-Mansiysk, and Nizhnevartovsk. The company operates in two geographical areas: the Export and Domestic markets. It generates the majority of its revenue from the Domestic markets.
82GF Score
Get the complete analysis for MIC:RNFT
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MIC:RNFT has been successfully added to your 
