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Natural Resources Partners LPNRP -1.04%63 Return-on-Tangible-Equity is 15.94% as of Jun. 2026, which is 54% below its 10-year median of 34.74. GuruFocus rates NRP with a GF Score™ of 63/100 and a GF Value™ of $84.85 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 180 Other Energy Sources companies, Natural Resources Partners LP ranks better than 83.33% 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. Natural Resources Partners LP's annualized net income for the quarter that ended in Jun. 2026 was $100.7 Mil. Natural Resources Partners LP's average shareholder tangible equity for the quarter that ended in Jun. 2026 was $631.8 Mil. Therefore, Natural Resources Partners LP's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 15.94%.
The historical rank and industry rank for Natural Resources Partners LP's Return-on-Tangible-Equity or its related term are showing as below:
NRP'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -35.99 Med: 34.74 Max: 164.37
Current: 17.43
During the past 13 years, Natural Resources Partners LP's highest Return-on-Tangible-Equity was 164.37%. The lowest was -35.99%. And the median was 34.74%.
NRP's Return-on-Tangible-Equity is ranked better than 83.33% of 180
companies
in the Other Energy Sources industry
Industry Median: 0.99
vs NRP: 17.43
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.
Natural Resources Partners LP Return-on-Tangible-Equity Related Terms
Natural Resources Partners LP 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.
NRP vs NC, BTU, ARLP: Return-on-Tangible-Equity Comparison
For the Thermal Coal subindustry, Natural Resources Partners LP'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.
Natural Resources Partners LP Return-on-Tangible-Equity vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Natural Resources Partners LP's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Natural Resources Partners LP'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 (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 15.94% mean?
Natural Resources Partners LP (NRP) has a Return-on-Tangible-Equity of 15.94% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Natural Resources Partners LP and its competitors. This is 54% below median its historical median of 34.74. According to the industry distribution chart, Natural Resources Partners LP ranks #30 out of 180 companies in the Other Energy Sources industry, placing it in the top 16.7%.
Is Natural Resources Partners LP's Return-on-Tangible-Equity too high?
Natural Resources Partners LP's current Return-on-Tangible-Equity of 15.94% is 54% below median its 10-year median of 34.74. The Other Energy Sources industry median Return-on-Tangible-Equity is 0.99. Natural Resources Partners LP's value of 15.94% is 1510.1% above this industry median. Based on the distribution chart, Natural Resources Partners LP ranks #30 out of 180 companies in the Other Energy Sources industry, which is in the top quartile — a strong position relative to peers. Overall, Natural Resources Partners LP has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Natural Resources Partners LP's Return-on-Tangible-Equity compare to NC and BTU?
According to the Other Energy Sources industry distribution chart, Natural Resources Partners LP ranks #30 out of 180 companies for Return-on-Tangible-Equity. This places Natural Resources Partners LP in the top 17% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 0.99. Natural Resources Partners LP's value of 15.94% is 1510.1% above this benchmark. While the company's 10-year median is 34.74 vs. the industry median of 0.99, Natural Resources Partners LP 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 Other Energy Sources company?
The median Return-on-Tangible-Equity among Other Energy Sources companies is 0.99, based on 180 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. Natural Resources Partners LP's current Return-on-Tangible-Equity of 15.94% is 1510.1% 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 Natural Resources Partners LP and its competitors. For the Other Energy Sources industry, the median Return-on-Tangible-Equity is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Natural Resources Partners LP's current Return-on-Tangible-Equity is 15.94%, which is 54% below median its own 10-year median of 34.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Natural Resources Partners LP stock overvalued right now?
Based on GuruFocus' analysis, Natural Resources Partners LP (NRP) is currently considered Modestly Overvalued. The stock's GF Value™ is $84.85, compared to a current price of $102.86 — trading 21.2% above its estimated fair value. The current Return-on-Tangible-Equity is 15.94%, which is 54% below median its 10-year median of 34.74 and 1510.1% above the Other Energy Sources industry median of 0.99. Natural Resources Partners LP's overall GF Score™ is 63/100 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 Natural Resources Partners LP (NRP), the current Return-on-Tangible-Equity is 15.94% as of Jun. 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 Natural Resources Partners LP (NRP) Overvalued in 2026?
Based on GuruFocus' analysis, Natural Resources Partners LP stock appears to be overvalued.
The current stock price of $102.86 is trading 21.2% above its estimated GF Value™ of $84.85.
GuruFocus considers Natural Resources Partners LP to be Modestly Overvalued.
Key valuation signals for NRP:
Return-on-Tangible-Equity: 15.94% (54% below median its 10-year median of 34.74)
GF Value™: $84.85 vs. price of $102.86 (21.2% above fair value)
Industry Position: 1510.1% above the Other Energy Sources median (#30 of 180)
No single metric tells the full story. See the NRP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Natural Resources Partners LP is a diversified natural resource company. It is engaged in the business of owning, managing and leasing a diversified portfolio of mineral properties in the United States, including interests in coal, trona and soda ash, crude oil and natural gas, construction aggregates, frac sand, and other natural resources. The company leases coal reserves to experience mine operators under long-term leases that grant the operator the right to mine its coal reserves in exchange for royalty payments. The company operates in two reportable segments namely: Mineral Rights and Soda Ash. The majority of the revenue is generated from the Mineral Rights segment. Geographically, the company's business activity of the group functions through the United States.
63GF Score
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