Al Maha Petroleum Products Marketing CoOG (MUS:MHAS) Return-on-Tangible-Equity: 21.01% (As of Mar. 2026) — 80% Above Median


MUS:MHAS Al Maha Petroleum Products Marketing Co SAOG MUS:MHAS
98 GF Score
Price ر.ع1.12
GF Value ر.ع1.06
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Al Maha Petroleum Products Marketing CoOG Return-on-Tangible-Equity?

Al Maha Petroleum Products Marketing CoOG MUS:MHAS -8.87% 98 Return-on-Tangible-Equity is 21.01% as of Mar. 2026, which is 80% above its 10-year median of 11.66. GuruFocus rates MUS:MHAS with a GF Score™ of 98/100 and a GF Value™ of ر.ع1.06 (Fairly Valued). The stock has 3 warning signs investors should review. Among 945 Oil & Gas companies, Al Maha Petroleum Products Marketing CoOG ranks better than 72.59% 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. Al Maha Petroleum Products Marketing CoOG's annualized net income for the quarter that ended in Mar. 2026 was ر.ع8.8 Mil. Al Maha Petroleum Products Marketing CoOG's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ر.ع42.0 Mil. Therefore, Al Maha Petroleum Products Marketing CoOG's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 21.01%.

The historical rank and industry rank for Al Maha Petroleum Products Marketing CoOG's Return-on-Tangible-Equity or its related term are showing as below:

MUS:MHAS' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.99   Med: 11.66   Max: 16.06
Current: 16.06

During the past 13 years, Al Maha Petroleum Products Marketing CoOG's highest Return-on-Tangible-Equity was 16.06%. The lowest was 1.99%. And the median was 11.66%.

MUS:MHAS's Return-on-Tangible-Equity is ranked better than
72.59% of 945 companies
in the Oil & Gas industry
Industry Median: 6.74 vs MUS:MHAS: 16.06

Al Maha Petroleum Products Marketing CoOG  (MUS:MHAS) 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.


Al Maha Petroleum Products Marketing CoOG Return-on-Tangible-Equity Related Terms


Al Maha Petroleum Products Marketing CoOG Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Al Maha Petroleum Products Marketing CoOG'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.

Al Maha Petroleum Products Marketing CoOG Return-on-Tangible-Equity Chart

Al Maha Petroleum Products Marketing CoOG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.46 13.52 13.22 12.61 13.46

Al Maha Petroleum Products Marketing CoOG Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.25 19.06 18.56 5.68 21.01

MUS:MHAS vs VLO, MPC, PSX: Return-on-Tangible-Equity Comparison

For the Oil & Gas Refining & Marketing subindustry, Al Maha Petroleum Products Marketing CoOG'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.


Al Maha Petroleum Products Marketing CoOG Return-on-Tangible-Equity vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Al Maha Petroleum Products Marketing CoOG's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Al Maha Petroleum Products Marketing CoOG's Return-on-Tangible-Equity falls into.


MUS:MHAS
98GF Score
Al Maha Petroleum Products Marketing Co SAOG MUS:MHAS
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Al Maha Petroleum Products Marketing CoOG Return-on-Tangible-Equity Calculation

Al Maha Petroleum Products Marketing CoOG's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=6.163/( (47.807+43.799 )/ 2 )
=6.163/45.803
=13.46 %

Al Maha Petroleum Products Marketing CoOG's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=8.824/( (43.799+40.216)/ 2 )
=8.824/42.0075
=21.01 %

* 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 21.01% mean?
Al Maha Petroleum Products Marketing CoOG (MUS:MHAS) has a Return-on-Tangible-Equity of 21.01% 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 Al Maha Petroleum Products Marketing CoOG and its competitors. This is 80% above median its historical median of 11.66. Over the past decade, Al Maha Petroleum Products Marketing CoOG's Return-on-Tangible-Equity has ranged from 1.99 to 16.06. According to the industry distribution chart, Al Maha Petroleum Products Marketing CoOG ranks #259 out of 945 companies in the Oil & Gas industry, placing it in the top 27.4%.
Is Al Maha Petroleum Products Marketing CoOG's Return-on-Tangible-Equity too high?
Al Maha Petroleum Products Marketing CoOG's current Return-on-Tangible-Equity of 21.01% is 80% above median its 10-year median of 11.66. Over the past 10 years, this metric has ranged from a low of 1.99 to a high of 16.06. The Oil & Gas industry median Return-on-Tangible-Equity is 6.74. Al Maha Petroleum Products Marketing CoOG's value of 21.01% is 211.7% above this industry median. Based on the distribution chart, Al Maha Petroleum Products Marketing CoOG ranks #259 out of 945 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Al Maha Petroleum Products Marketing CoOG has a GF Score™ of 98/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Al Maha Petroleum Products Marketing CoOG's Return-on-Tangible-Equity compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Al Maha Petroleum Products Marketing CoOG ranks #259 out of 945 companies for Return-on-Tangible-Equity. This puts Al Maha Petroleum Products Marketing CoOG in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.74. Al Maha Petroleum Products Marketing CoOG's value of 21.01% is 211.7% above this benchmark. Historically, Al Maha Petroleum Products Marketing CoOG's own Return-on-Tangible-Equity has ranged from 1.99 to 16.06 over the past decade. While the company's 10-year median is 11.66 vs. the industry median of 6.74, Al Maha Petroleum Products Marketing CoOG 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 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. Al Maha Petroleum Products Marketing CoOG's current Return-on-Tangible-Equity of 21.01% is 211.7% 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 Al Maha Petroleum Products Marketing CoOG 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. Al Maha Petroleum Products Marketing CoOG's current Return-on-Tangible-Equity is 21.01%, which is 80% above median its own 10-year median of 11.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Al Maha Petroleum Products Marketing CoOG stock overvalued right now?
Based on GuruFocus' analysis, Al Maha Petroleum Products Marketing CoOG (MUS:MHAS) is currently considered Fairly Valued. The stock's GF Value™ is ر.ع1.06, compared to a current price of ر.ع1.12 — trading 5.7% above its estimated fair value. The current Return-on-Tangible-Equity is 21.01%, which is 80% above median its 10-year median of 11.66 and 211.7% above the Oil & Gas industry median of 6.74. Al Maha Petroleum Products Marketing CoOG's overall GF Score™ is 98/100 with 3 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 Al Maha Petroleum Products Marketing CoOG (MUS:MHAS), the current Return-on-Tangible-Equity is 21.01% 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 Al Maha Petroleum Products Marketing CoOG (MUS:MHAS) Overvalued in 2026?

Based on GuruFocus' analysis, Al Maha Petroleum Products Marketing CoOG stock appears to be overvalued. The current stock price of ر.ع1.12 is trading 5.7% above its estimated GF Value™ of ر.ع1.06. GuruFocus considers Al Maha Petroleum Products Marketing CoOG to be Fairly Valued.

Key valuation signals for MUS:MHAS:

  • Return-on-Tangible-Equity: 21.01% (80% above median its 10-year median of 11.66)
  • GF Value™: ر.ع1.06 vs. price of ر.ع1.12 (5.7% above fair value)
  • GF Score™: 98/100 with 3 warning signs
  • Industry Position: 211.7% above the Oil & Gas median (#259 of 945)

No single metric tells the full story. See the MUS:MHAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Al Maha Petroleum Products Marketing CoOG Business Description

Industry EnergyOil & Gas
Address Mina Al Fahal, P.O. Box 57, Mina Al Fahal, OMN, 116
Al Maha Petroleum Products Marketing Co SAOG engaged in strategic marketing and distributing a diverse range of petroleum products, including Gasoline (M91 & M95), diesel, aviation fuel, kerosene, and lubricants. The company maintains a network of service stations throughout Oman. Its product portfolio covers Gasoline, Diesel, Aviation fuel, Kerosene, and Lubricants. The company operates its business through the segments of Retail sales, Commercial sales, Aviation, Non-Fuel Revenue and Lubricant. The retail sales segment derives key revenue for the company which includes sales made through company-operated stations, dealer-operated stations, and third-party-operated stations.
98GF Score

Get the complete analysis for MUS:MHAS

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

ر.ع1.12
Price
ر.ع1.06
GF Value