Black Stone Minerals LPBSM -0.14%79 ROA % is 3.97% as of Mar. 2026, which is 75% below its 10-year median of 16.19. GuruFocus rates BSM with a GF Score™ of 79/100 and a GF Value™ of $13.85 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,025 Oil & Gas companies, Black Stone Minerals LP ranks better than 97.46% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Black Stone Minerals LP's annualizedNet Income for the quarter that ended in Mar. 2026 was $53.1 Mil.
Black Stone Minerals LP's average Total Assets over the quarter that ended in Mar. 2026 was $1,337.0 Mil. Therefore, Black Stone Minerals LP's annualized ROA % for the quarter that ended in Mar. 2026 was 3.97%.
The historical rank and industry rank for Black Stone Minerals LP's ROA % or its related term are showing as below:
BSM'
s ROA % Range Over the Past 10 Years
Min: 1.84 Med: 16.19 Max: 37.83
Current: 23.04
During the past 13 years, Black Stone Minerals LP's highest ROA % was 37.83%. The lowest was 1.84%. And the median was 16.19%.
BSM's ROA % is ranked better than 97.46% of 1025
companies
in the Oil & Gas industry
Industry Median: 1.89
vs BSM: 23.04
Black Stone Minerals LP (NYSE:BSM) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
* 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.
For the Oil & Gas E&P subindustry, Black Stone Minerals LP's ROA %, along with its competitors' market caps and ROA % 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.
Black Stone Minerals LP ROA % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Black Stone Minerals LP's ROA % distribution charts can be found below:
* The bar in red indicates where Black Stone Minerals LP's ROA % 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 ROA %, the net income of the last fiscal year and the average total assets 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.
ROA % is displayed in the 30-year financial page.
Black Stone Minerals LP (BSM) has a ROA % of 3.97% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Black Stone Minerals LP and its competitors. This is 75% below median its historical median of 16.19. Over the past decade, Black Stone Minerals LP's ROA % has ranged from 1.84 to 37.83. According to the industry distribution chart, Black Stone Minerals LP ranks #26 out of 1025 companies in the Oil & Gas industry, placing it in the top 2.5%.
Is Black Stone Minerals LP's ROA % too high?
Black Stone Minerals LP's current ROA % of 3.97% is 75% below median its 10-year median of 16.19. Over the past 10 years, this metric has ranged from a low of 1.84 to a high of 37.83. The Oil & Gas industry median ROA % is 1.89. Black Stone Minerals LP's value of 3.97% is 110.1% above this industry median. Based on the distribution chart, Black Stone Minerals LP ranks #26 out of 1025 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Black Stone Minerals 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 Black Stone Minerals LP's ROA % compare to BKV and GPOR?
According to the Oil & Gas industry distribution chart, Black Stone Minerals LP ranks #26 out of 1025 companies for ROA %. This places Black Stone Minerals LP in the top 3% of its industry — outperforming the majority of peers. The industry median ROA % is 1.89. Black Stone Minerals LP's value of 3.97% is 110.1% above this benchmark. Historically, Black Stone Minerals LP's own ROA % has ranged from 1.84 to 37.83 over the past decade. While the company's 10-year median is 16.19 vs. the industry median of 1.89, Black Stone Minerals LP 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 ROA % for an Oil & Gas company?
The median ROA % among Oil & Gas companies is 1.89, based on 1,025 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Black Stone Minerals LP's current ROA % of 3.97% is 110.1% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Black Stone Minerals LP and its competitors. For the Oil & Gas industry, the median ROA % is 1.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Black Stone Minerals LP's current ROA % is 3.97%, which is 75% below median its own 10-year median of 16.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Stone Minerals LP stock overvalued right now?
Based on GuruFocus' analysis, Black Stone Minerals LP (BSM) is currently considered Fairly Valued. The stock's GF Value™ is $13.85, compared to a current price of $14.16 — trading 2.2% above its estimated fair value. The current ROA % is 3.97%, which is 75% below median its 10-year median of 16.19 and 110.1% above the Oil & Gas industry median of 1.89. Black Stone Minerals LP's overall GF Score™ is 79/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Black Stone Minerals LP (BSM), the current ROA % is 3.97% 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 Black Stone Minerals LP (BSM) Overvalued in 2026?
Based on GuruFocus' analysis, Black Stone Minerals LP stock appears to be overvalued.
The current stock price of $14.16 is trading 2.2% above its estimated GF Value™ of $13.85.
GuruFocus considers Black Stone Minerals LP to be Fairly Valued.
Key valuation signals for BSM:
ROA %: 3.97% (75% below median its 10-year median of 16.19)
GF Value™: $13.85 vs. price of $14.16 (2.2% above fair value)
Industry Position: 110.1% above the Oil & Gas median (#26 of 1025)
No single metric tells the full story. See the BSM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Black Stone Minerals LP is an oil and natural gas mineral company. It owns oil and natural gas mineral interests, which makes up the majority of its asset base. Its business is actively managing an existing portfolio of mineral and royalty assets to maximize its value and expanding asset base through acquisitions of additional mineral and royalty interests. The company owns mineral interests in approximately 16.9 million gross acres.
79GF Score
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