Topaz EnergyTPZEF -0.68%86 Return-on-Tangible-Equity is 9.03% as of Mar. 2026, which is 166% above its 10-year median of 3.39. GuruFocus rates TPZEF with a GF Score™ of 86/100 and a GF Value™ of $19.80 (Fairly Valued). The stock has 3 warning signs investors should review. Among 944 Oil & Gas companies, Topaz Energy ranks better than 62.08% 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. Topaz Energy's annualized net income for the quarter that ended in Mar. 2026 was $99.2 Mil. Topaz Energy's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $1,099.6 Mil. Therefore, Topaz Energy's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 9.03%.
The historical rank and industry rank for Topaz Energy's Return-on-Tangible-Equity or its related term are showing as below:
TPZEF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.36 Med: 3.39 Max: 11.1
Current: 11.1
During the past 7 years, Topaz Energy's highest Return-on-Tangible-Equity was 11.10%. The lowest was 0.36%. And the median was 3.39%.
TPZEF's Return-on-Tangible-Equity is ranked better than 62.08% of 944
companies
in the Oil & Gas industry
Industry Median: 6.73
vs TPZEF: 11.10
Topaz Energy (OTCPK:TPZEF) 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.
Topaz Energy Return-on-Tangible-Equity Related Terms
Topaz Energy Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Topaz Energy'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.
TPZEF vs WMB, EPD, KMI: Return-on-Tangible-Equity Comparison
For the Oil & Gas Midstream subindustry, Topaz Energy'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.
Topaz Energy Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Topaz Energy's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Topaz Energy'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 9.03% mean?
Topaz Energy (TPZEF) has a Return-on-Tangible-Equity of 9.03% 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 Topaz Energy and its competitors. This is 166% above median its historical median of 3.39. Over the past decade, Topaz Energy's Return-on-Tangible-Equity has ranged from 0.36 to 11.10. According to the industry distribution chart, Topaz Energy ranks #358 out of 944 companies in the Oil & Gas industry, placing it in the top 37.9%.
Is Topaz Energy's Return-on-Tangible-Equity too high?
Topaz Energy's current Return-on-Tangible-Equity of 9.03% is 166% above median its 10-year median of 3.39. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 11.10. The Oil & Gas industry median Return-on-Tangible-Equity is 6.73. Topaz Energy's value of 9.03% is 34.2% above this industry median. Based on the distribution chart, Topaz Energy ranks #358 out of 944 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Topaz Energy has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Topaz Energy's Return-on-Tangible-Equity compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, Topaz Energy ranks #358 out of 944 companies for Return-on-Tangible-Equity. This puts Topaz Energy in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.73. Topaz Energy's value of 9.03% is 34.2% above this benchmark. Historically, Topaz Energy's own Return-on-Tangible-Equity has ranged from 0.36 to 11.10 over the past decade. While the company's 10-year median is 3.39 vs. the industry median of 6.73, Topaz Energy 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 6.73, based on 944 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. Topaz Energy's current Return-on-Tangible-Equity of 9.03% is 34.2% 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 Topaz Energy and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 6.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Topaz Energy's current Return-on-Tangible-Equity is 9.03%, which is 166% above median its own 10-year median of 3.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Topaz Energy stock overvalued right now?
Based on GuruFocus' analysis, Topaz Energy (TPZEF) is currently considered Fairly Valued. The stock's GF Value™ is $19.80, compared to a current price of $20.91 — trading 5.6% above its estimated fair value. The current Return-on-Tangible-Equity is 9.03%, which is 166% above median its 10-year median of 3.39 and 34.2% above the Oil & Gas industry median of 6.73. Topaz Energy's overall GF Score™ is 86/100 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 Topaz Energy (TPZEF), the current Return-on-Tangible-Equity is 9.03% 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 Topaz Energy (TPZEF) Overvalued in 2026?
Based on GuruFocus' analysis, Topaz Energy stock appears to be overvalued.
The current stock price of $20.91 is trading 5.6% above its estimated GF Value™ of $19.80.
GuruFocus considers Topaz Energy to be Fairly Valued.
Key valuation signals for TPZEF:
Return-on-Tangible-Equity: 9.03% (166% above median its 10-year median of 3.39)
GF Value™: $19.80 vs. price of $20.91 (5.6% above fair value)
Industry Position: 34.2% above the Oil & Gas median (#358 of 944)
No single metric tells the full story. See the TPZEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Topaz Energy Corp is a royalty and energy infrastructure company focused on generating low-risk income and paying dividends to its shareholders. The company generates revenue from the Royalty Assets, which generate the company's Royalty Production Revenue; and the Infrastructure Assets, which generate the company's Processing Revenue and Other Income. The majority of the company's revenue is earned through royalties.
86GF Score
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