SGU (Star Group LP) Return-on-Tangible-Equity: Negative Tangible Equity% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

SGU Star Group LP SGU
79 GF Score
Price $12.54
GF Value $12.68
Valuation Fairly Valued
! 6 Warning Signs
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What is Star Group LP Return-on-Tangible-Equity?

Star Group LP SGU -0.08% 79 Return-on-Tangible-Equity is Negative Tangible Equity% as of Mar. 2026. GuruFocus rates SGU with a GF Score™ of 79/100 and a GF Value™ of $12.68 (Fairly Valued). The stock has 6 warning signs investors should review. Among 943 Oil & Gas companies, Star Group LP ranks better than 99.89% 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. Star Group LP's annualized net income for the quarter that ended in Mar. 2026 was $354 Mil. Star Group LP's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $-39 Mil. Therefore, Star Group LP's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was Negative Tangible Equity%.

The historical rank and industry rank for Star Group LP's Return-on-Tangible-Equity or its related term are showing as below:

SGU' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0   Med: 0   Max: 0
Current: Negative Tangible Equity

SGU's Return-on-Tangible-Equity is ranked better than
99.89% of 943 companies
in the Oil & Gas industry
Industry Median: 6.74 vs SGU: Negative Tangible Equity

Star Group LP  (NYSE:SGU) 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.


Star Group LP Return-on-Tangible-Equity Related Terms


Star Group LP Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Star Group LP'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.

Star Group LP Return-on-Tangible-Equity Chart

Star Group LP Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity

Star Group LP 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 Negative Tangible Equity 0.00 0.00 Negative Tangible Equity Negative Tangible Equity

SGU vs CLNE, FGPR, BDCO: Return-on-Tangible-Equity Comparison

For the Oil & Gas Refining & Marketing subindustry, Star Group 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.


Star Group LP Return-on-Tangible-Equity vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Star Group LP's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Star Group LP's Return-on-Tangible-Equity falls into.


SGU
79GF Score
Star Group LP SGU
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Star Group LP Return-on-Tangible-Equity Calculation

Star Group LP's annualized Return-on-Tangible-Equity for the fiscal year that ended in Sep. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Sep. 2025 )  (A: Sep. 2024 )(A: Sep. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Sep. 2025 )  (A: Sep. 2024 )(A: Sep. 2025 )
=63.143/( (-110.648+-121.462 )/ 2 )
=63.143/-116.055
=Negative Tangible Equity %

Star Group LP'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 )
=354.324/( (-91.602+12.859)/ 2 )
=354.324/-39.3715
=Negative Tangible Equity %

* 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 Negative Tangible Equity% mean?
Star Group LP (SGU) has a Return-on-Tangible-Equity of Negative Tangible Equity% 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 Star Group LP and its competitors. According to the industry distribution chart, Star Group LP ranks #1 out of 943 companies in the Oil & Gas industry, placing it in the top 0.099999999999994%.
Is Star Group LP's Return-on-Tangible-Equity too high?
Star Group LP's current Return-on-Tangible-Equity is Negative Tangible Equity%. Based on the distribution chart, Star Group LP ranks #1 out of 943 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Star Group LP has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Star Group LP's Return-on-Tangible-Equity compare to CLNE and FGPR?
According to the Oil & Gas industry distribution chart, Star Group LP ranks #1 out of 943 companies for Return-on-Tangible-Equity. This places Star Group LP in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.74. 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 943 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. 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 Star Group LP 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. Star Group LP's current Return-on-Tangible-Equity is Negative Tangible Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Star Group LP stock overvalued right now?
Based on GuruFocus' analysis, Star Group LP (SGU) is currently considered Fairly Valued. The stock's GF Value™ is $12.68, compared to a current price of $12.54 — trading 1.1% below its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Star Group LP's overall GF Score™ is 79/100 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 Star Group LP (SGU), the current Return-on-Tangible-Equity is Negative Tangible Equity% 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 Star Group LP (SGU) Overvalued in 2026?

Based on GuruFocus' analysis, Star Group LP stock appears to be undervalued. The current stock price of $12.54 is trading 1.1% below its estimated GF Value™ of $12.68. GuruFocus considers Star Group LP to be Fairly Valued.

Key valuation signals for SGU:

  • Return-on-Tangible-Equity: Negative Tangible Equity%
  • GF Value™: $12.68 vs. price of $12.54 (1.1% below fair value)
  • GF Score™: 79/100 with 6 warning signs

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


Star Group LP Business Description

Industry EnergyOil & Gas
Address 9 West Broad Street, Suite 310, Stamford, CT, USA, 06902
Star Group LP is a home heating oil and propane distributor and services provider with one reportable operating segment that principally provides heating related services to residential and commercial customers. It serves residential and commercial customers whose primary use is to heat their homes and buildings in the Northeast and Mid-Atlantic U.S. regions. The company derives the majority of revenue from Petroleum products, which consist of home heating oil and propane as well as diesel fuel and gasoline.
79GF Score

Get the complete analysis for SGU

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

$12.54
Price
$12.68
GF Value