Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Aradel HoldingsNSA:ARADEL 16 Return-on-Tangible-Equity is 17.78% as of Mar. 2026, which is 14% below its 10-year median of 20.71. GuruFocus rates NSA:ARADEL with a GF Score™ of 16/100. The stock has 6 warning signs investors should review. Among 942 Oil & Gas companies, Aradel Holdings ranks better than 86.09% 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. Aradel Holdings's annualized net income for the quarter that ended in Mar. 2026 was ₦265,157 Mil. Aradel Holdings's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₦1,491,359 Mil. Therefore, Aradel Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 17.78%.
The historical rank and industry rank for Aradel Holdings's Return-on-Tangible-Equity or its related term are showing as below:
NSA:ARADEL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.8 Med: 20.71 Max: 28.62
Current: 28.62
During the past 3 years, Aradel Holdings's highest Return-on-Tangible-Equity was 28.62%. The lowest was 8.80%. And the median was 20.71%.
NSA:ARADEL's Return-on-Tangible-Equity is ranked better than 86.09% of 942
companies
in the Oil & Gas industry
Industry Median: 6.77
vs NSA:ARADEL: 28.62
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.
Aradel Holdings Return-on-Tangible-Equity Related Terms
Aradel Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Aradel 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.
NSA:ARADEL vs XOM, CVX: Return-on-Tangible-Equity Comparison
For the Oil & Gas Integrated subindustry, Aradel 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.
Aradel Holdings Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Aradel Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Aradel 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 17.78% mean?
Aradel Holdings (NSA:ARADEL) has a Return-on-Tangible-Equity of 17.78% 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 Aradel Holdings and its competitors. This is 14% below median its historical median of 20.71. Over the past decade, Aradel Holdings' Return-on-Tangible-Equity has ranged from 8.80 to 28.62. According to the industry distribution chart, Aradel Holdings ranks #131 out of 942 companies in the Oil & Gas industry, placing it in the top 13.9%.
Is Aradel Holdings' Return-on-Tangible-Equity too high?
Aradel Holdings' current Return-on-Tangible-Equity of 17.78% is 14% below median its 10-year median of 20.71. Over the past 10 years, this metric has ranged from a low of 8.80 to a high of 28.62. The Oil & Gas industry median Return-on-Tangible-Equity is 6.77. Aradel Holdings' value of 17.78% is 162.6% above this industry median. Based on the distribution chart, Aradel Holdings ranks #131 out of 942 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Aradel Holdings has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Aradel Holdings' Return-on-Tangible-Equity compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Aradel Holdings ranks #131 out of 942 companies for Return-on-Tangible-Equity. This places Aradel Holdings in the top 14% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.77. Aradel Holdings' value of 17.78% is 162.6% above this benchmark. Historically, Aradel Holdings' own Return-on-Tangible-Equity has ranged from 8.80 to 28.62 over the past decade. While the company's 10-year median is 20.71 vs. the industry median of 6.77, Aradel 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. Aradel Holdings's current Return-on-Tangible-Equity of 17.78% is 162.6% 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 Aradel 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. Aradel Holdings's current Return-on-Tangible-Equity is 17.78%, which is 14% below median its own 10-year median of 20.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aradel Holdings stock overvalued right now?
Aradel Holdings (NSA:ARADEL) has a current Return-on-Tangible-Equity of 17.78%. The current Return-on-Tangible-Equity is 17.78%, which is 14% below median its 10-year median of 20.71 and 162.6% above the Oil & Gas industry median of 6.77. Aradel Holdings' overall GF Score™ is 16/100 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 Aradel Holdings (NSA:ARADEL), the current Return-on-Tangible-Equity is 17.78% 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.
Aradel Holdings PLC is an indigenous energy company in Nigeria. It engaged in the upstream, midstream, and downstream value chain of the oil and gas industry. Its operations include Energy Transition and Renewable Energy. The group's assets are OML 54, OML 53, OML 34, and OPL 227. The group's operations cover four segments: Crude Oil, Gas, Refinery & Investment Properties. The maximum revenue is from Crude Oil.
16GF Score
Get the complete analysis for NSA:ARADEL
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
NSA:ARADEL has been successfully added to your 
