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ENEOS HoldingsNGO:5020 62 Return-on-Tangible-Equity is 18.49% as of Mar. 2026, which is 95% above its 10-year median of 9.48. GuruFocus rates NGO:5020 with a GF Score™ of 62/100 and a GF Value™ of 円893.74. The stock has 4 warning signs investors should review. Among 942 Oil & Gas companies, ENEOS Holdings ranks better than 58.17% 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. ENEOS Holdings's annualized net income for the quarter that ended in Mar. 2026 was 円517,952 Mil. ENEOS Holdings's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円2,800,649 Mil. Therefore, ENEOS Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 18.49%.
The historical rank and industry rank for ENEOS Holdings's Return-on-Tangible-Equity or its related term are showing as below:
NGO:5020'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -9.5 Med: 9.48 Max: 27.6
Current: 9.7
During the past 13 years, ENEOS Holdings's highest Return-on-Tangible-Equity was 27.60%. The lowest was -9.50%. And the median was 9.48%.
NGO:5020's Return-on-Tangible-Equity is ranked better than 58.17% of 942
companies
in the Oil & Gas industry
Industry Median: 6.77
vs NGO:5020: 9.70
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.
ENEOS Holdings Return-on-Tangible-Equity Related Terms
ENEOS Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for ENEOS Holdings'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.
NGO:5020 vs VLO, MPC, PSX: Return-on-Tangible-Equity Comparison
For the Oil & Gas Refining & Marketing subindustry, ENEOS Holdings'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.
ENEOS Holdings Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, ENEOS Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where ENEOS Holdings'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 18.49% mean?
ENEOS Holdings (NGO:5020) has a Return-on-Tangible-Equity of 18.49% 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 ENEOS Holdings and its competitors. This is 95% above median its historical median of 9.48. According to the industry distribution chart, ENEOS Holdings ranks #394 out of 942 companies in the Oil & Gas industry, placing it in the top 41.8%.
Is ENEOS Holdings' Return-on-Tangible-Equity too high?
ENEOS Holdings' current Return-on-Tangible-Equity of 18.49% is 95% above median its 10-year median of 9.48. The Oil & Gas industry median Return-on-Tangible-Equity is 6.77. ENEOS Holdings' value of 18.49% is 173.1% above this industry median. Based on the distribution chart, ENEOS Holdings ranks #394 out of 942 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, ENEOS Holdings has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does ENEOS Holdings' Return-on-Tangible-Equity compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, ENEOS Holdings ranks #394 out of 942 companies for Return-on-Tangible-Equity. This puts ENEOS Holdings in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.77. ENEOS Holdings' value of 18.49% is 173.1% above this benchmark. While the company's 10-year median is 9.48 vs. the industry median of 6.77, ENEOS Holdings 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. ENEOS Holdings's current Return-on-Tangible-Equity of 18.49% is 173.1% 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 ENEOS Holdings 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. ENEOS Holdings's current Return-on-Tangible-Equity is 18.49%, which is 95% above median its own 10-year median of 9.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ENEOS Holdings stock overvalued right now?
ENEOS Holdings (NGO:5020) has a current Return-on-Tangible-Equity of 18.49%. The stock's GF Value™ is 円893.74, compared to a current price of 円1,235.00 — trading 38.2% above its estimated fair value. The current Return-on-Tangible-Equity is 18.49%, which is 95% above median its 10-year median of 9.48 and 173.1% above the Oil & Gas industry median of 6.77. ENEOS Holdings' overall GF Score™ is 62/100 with 4 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 ENEOS Holdings (NGO:5020), the current Return-on-Tangible-Equity is 18.49% 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 ENEOS Holdings (NGO:5020) Overvalued in 2026?
Based on GuruFocus' analysis, ENEOS Holdings stock appears to be overvalued.
The current stock price of 円1,235.00 is trading 38.2% above its estimated GF Value™ of 円893.74.
Key valuation signals for NGO:5020:
Return-on-Tangible-Equity: 18.49% (95% above median its 10-year median of 9.48)
GF Value™: 円893.74 vs. price of 円1,235.00 (38.2% above fair value)
Industry Position: 173.1% above the Oil & Gas median (#394 of 942)
No single metric tells the full story. See the NGO:5020 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ENEOS Holdings Inc is engaged in the energy and materials business through its group companies. The company operates six reportable segments: Petroleum Products and Other, Oil and Natural Gas Exploration and Development, Functional Materials, Electricity, Renewable Energy, and Others. Its operations include petroleum refining and sales, oil and gas exploration, production of synthetic and special rubber, power generation, and renewable energy activities such as wind and solar power. The Others segment covers asphalt paving, civil engineering, construction, and real estate rental businesses. It generates the majority of its revenue from the Petroleum Products segment.
62GF Score
Get the complete analysis for NGO:5020
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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