Superior PlusSPRPY 51 Return-on-Tangible-Equity is Negative Tangible Equity% as of Mar. 2026. GuruFocus rates SPRPY with a GF Score™ of 51/100 and a GF Value™ of $11.73 (Fairly Valued). The stock has 11 warning signs investors should review. Among 497 Utilities - Regulated companies, Superior Plus ranks better than 99.8% 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. Superior Plus's annualized net income for the quarter that ended in Mar. 2026 was $489 Mil. Superior Plus's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $-855 Mil. Therefore, Superior Plus'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 Superior Plus's Return-on-Tangible-Equity or its related term are showing as below:
SPRPY'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -6.44 Med: 21.5 Max: 49.44
Current: Negative Tangible Equity
During the past 13 years, Superior Plus's highest Return-on-Tangible-Equity was 49.44%. The lowest was -6.44%. And the median was 21.50%.
SPRPY's Return-on-Tangible-Equity is ranked better than 99.8% of 497
companies
in the Utilities - Regulated industry
Industry Median: 10.9
vs SPRPY: Negative Tangible Equity
Superior Plus (OTCPK:SPRPY) 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.
Superior Plus Return-on-Tangible-Equity Related Terms
Superior Plus Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Superior Plus'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.
SPRPY vs ATO, NI, UGI: Return-on-Tangible-Equity Comparison
For the Utilities - Regulated Gas subindustry, Superior Plus'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.
Superior Plus Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Superior Plus's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Superior Plus'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 Negative Tangible Equity% mean?
Superior Plus (SPRPY) 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 Superior Plus and its competitors. According to the industry distribution chart, Superior Plus ranks #1 out of 497 companies in the Utilities - Regulated industry, placing it in the top 0.2%.
Is Superior Plus' Return-on-Tangible-Equity too high?
Superior Plus' current Return-on-Tangible-Equity is Negative Tangible Equity%. Based on the distribution chart, Superior Plus ranks #1 out of 497 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Superior Plus has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Superior Plus' Return-on-Tangible-Equity compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Superior Plus ranks #1 out of 497 companies for Return-on-Tangible-Equity. This places Superior Plus in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 10.90. 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 Utilities - Regulated company?
The median Return-on-Tangible-Equity among Utilities - Regulated companies is 10.90, based on 497 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 Superior Plus and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Equity is 10.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Superior Plus'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 Superior Plus stock overvalued right now?
Based on GuruFocus' analysis, Superior Plus (SPRPY) is currently considered Fairly Valued. The stock's GF Value™ is $11.73, compared to a current price of $11.25 — trading 4.1% below its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Superior Plus' overall GF Score™ is 51/100 with 11 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 Superior Plus (SPRPY), 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 Superior Plus (SPRPY) Overvalued in 2026?
Based on GuruFocus' analysis, Superior Plus stock appears to be undervalued.
The current stock price of $11.25 is trading 4.1% below its estimated GF Value™ of $11.73.
GuruFocus considers Superior Plus to be Fairly Valued.
No single metric tells the full story. See the SPRPY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Superior Plus Corp is a Canadian-based company that distributes energy and specialty chemicals. The company is organized into three business segments: U.S. Propane Distribution, Canadian Propane Distribution and Compressed natural gas distribution (CNG)out of which the majority is from the U.S. Propane segment. The products & services offered by the company include wholesale procurement, distribution, related services for propane and other refined fuels, and supply of chemicals required by industries. The U.S. Propane segment distributes propane gas & liquid fuels along the Eastern U.S. & into the Midwest and California.
51GF Score
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