Thermal Energy InternationalTMGEF +2.21%65 Return-on-Tangible-Equity is 31.34% as of Feb. 2026, which is 6% above its 10-year median of 29.66. GuruFocus rates TMGEF with a GF Score™ of 65/100 and a GF Value™ of $0.17 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,971 Industrial Products companies, Thermal Energy International ranks better than 92.63% 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. Thermal Energy International's annualized net income for the quarter that ended in Feb. 2026 was $0.95 Mil. Thermal Energy International's average shareholder tangible equity for the quarter that ended in Feb. 2026 was $3.03 Mil. Therefore, Thermal Energy International's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2026 was 31.34%.
The historical rank and industry rank for Thermal Energy International's Return-on-Tangible-Equity or its related term are showing as below:
TMGEF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -186.14 Med: 29.66 Max: 122.42
Current: 35.07
During the past 13 years, Thermal Energy International's highest Return-on-Tangible-Equity was 122.42%. The lowest was -186.14%. And the median was 29.66%.
TMGEF's Return-on-Tangible-Equity is ranked better than 92.63% of 2971
companies
in the Industrial Products industry
Industry Median: 6.72
vs TMGEF: 35.07
Thermal Energy International (OTCPK:TMGEF) 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.
Thermal Energy International Return-on-Tangible-Equity Related Terms
Thermal Energy International 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.
Thermal Energy International Return-on-Tangible-Equity Chart
TMGEF vs VLTO, ZWS, CECO: Return-on-Tangible-Equity Comparison
For the Pollution & Treatment Controls subindustry, Thermal Energy International'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.
Thermal Energy International Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Thermal Energy International's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Thermal Energy International'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 (Feb. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 31.34% mean?
Thermal Energy International (TMGEF) has a Return-on-Tangible-Equity of 31.34% as of Feb. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Thermal Energy International and its competitors. This is near median its historical median of 29.66. According to the industry distribution chart, Thermal Energy International ranks #219 out of 2971 companies in the Industrial Products industry, placing it in the top 7.4%.
Is Thermal Energy International's Return-on-Tangible-Equity too high?
Thermal Energy International's current Return-on-Tangible-Equity of 31.34% is near median its 10-year median of 29.66. The Industrial Products industry median Return-on-Tangible-Equity is 6.72. Thermal Energy International's value of 31.34% is 366.4% above this industry median. Based on the distribution chart, Thermal Energy International ranks #219 out of 2971 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Thermal Energy International has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Thermal Energy International's Return-on-Tangible-Equity compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Thermal Energy International ranks #219 out of 2971 companies for Return-on-Tangible-Equity. This places Thermal Energy International in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.72. Thermal Energy International's value of 31.34% is 366.4% above this benchmark. While the company's 10-year median is 29.66 vs. the industry median of 6.72, Thermal Energy International 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 Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.72, based on 2,971 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. Thermal Energy International's current Return-on-Tangible-Equity of 31.34% is 366.4% 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 Thermal Energy International and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thermal Energy International's current Return-on-Tangible-Equity is 31.34%, which is near median its own 10-year median of 29.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thermal Energy International stock overvalued right now?
Based on GuruFocus' analysis, Thermal Energy International (TMGEF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.17, compared to a current price of $0.11 — trading 34.6% below its estimated fair value. The current Return-on-Tangible-Equity is 31.34%, which is near median its 10-year median of 29.66 and 366.4% above the Industrial Products industry median of 6.72. Thermal Energy International's overall GF Score™ is 65/100 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 Thermal Energy International (TMGEF), the current Return-on-Tangible-Equity is 31.34% as of Feb. 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 Thermal Energy International (TMGEF) Overvalued in 2026?
Based on GuruFocus' analysis, Thermal Energy International stock appears to be undervalued.
The current stock price of $0.11 is trading 34.6% below its estimated GF Value™ of $0.17.
GuruFocus considers Thermal Energy International to be Possible Value Trap.
Key valuation signals for TMGEF:
Return-on-Tangible-Equity: 31.34% (near median its 10-year median of 29.66)
GF Value™: $0.17 vs. price of $0.11 (34.6% below fair value)
Industry Position: 366.4% above the Industrial Products median (#219 of 2971)
No single metric tells the full story. See the TMGEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thermal Energy International Inc is a supplier of proprietary, energy efficiency and emissions reduction solutions to the industrial and institutional sectors. It markets, sells, engineers, fabricates, constructs, installs and supports technology lines - heat recovery solutions and condensate return system solutions. The product portfolio consists of GEM steam traps, FLU-ACE - direct contact condensing heat recovery, and Dry Rex - low-temperature biomass drying systems. The operating segment includes geographical areas that reflect the core business which has units located in Ottawa, Canada and Bristol, UK. The firm derives revenue from Canada, the UK, Germany, France, Poland, India, etc and the rest of the world. Substantial sales revenue comes from the USA.
65GF Score
Get the complete analysis for TMGEF
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
TMGEF has been successfully added to your 
