Kinder MorganFRA:2KD +2.22%76 ROA % is 5.39% as of Mar. 2026, which is 100% above its 10-year median of 2.69. GuruFocus rates FRA:2KD with a GF Score™ of 76/100 and a GF Value™ of €25.06 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 1,025 Oil & Gas companies, Kinder Morgan ranks better than 67.32% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Kinder Morgan's annualizedNet Income for the quarter that ended in Mar. 2026 was €3,377 Mil.
Kinder Morgan's average Total Assets over the quarter that ended in Mar. 2026 was €62,667 Mil. Therefore, Kinder Morgan's annualized ROA % for the quarter that ended in Mar. 2026 was 5.39%.
The historical rank and industry rank for Kinder Morgan's ROA % or its related term are showing as below:
FRA:2KD'
s ROA % Range Over the Past 10 Years
Min: 0.16 Med: 2.69 Max: 4.57
Current: 4.57
During the past 13 years, Kinder Morgan's highest ROA % was 4.57%. The lowest was 0.16%. And the median was 2.69%.
FRA:2KD's ROA % is ranked better than 67.32% of 1025
companies
in the Oil & Gas industry
Industry Median: 1.89
vs FRA:2KD: 4.57
Kinder Morgan (FRA:2KD) 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.
Kinder Morgan ROA % Related Terms
Kinder Morgan ROA % Historical Data
* Premium members only.
The historical data trend for Kinder Morgan's ROA % 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.
For the Oil & Gas Midstream subindustry, Kinder Morgan'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.
Kinder Morgan ROA % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Kinder Morgan's ROA % distribution charts can be found below:
* The bar in red indicates where Kinder Morgan'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.
Kinder Morgan (FRA:2KD) has a ROA % of 5.39% 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 Kinder Morgan and its competitors. This is 100% above median its historical median of 2.69. Over the past decade, Kinder Morgan's ROA % has ranged from 0.16 to 4.57. According to the industry distribution chart, Kinder Morgan ranks #335 out of 1025 companies in the Oil & Gas industry, placing it in the top 32.7%.
Is Kinder Morgan's ROA % too high?
Kinder Morgan's current ROA % of 5.39% is 100% above median its 10-year median of 2.69. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 4.57. The Oil & Gas industry median ROA % is 1.89. Kinder Morgan's value of 5.39% is 185.2% above this industry median. Based on the distribution chart, Kinder Morgan ranks #335 out of 1025 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Kinder Morgan has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kinder Morgan's ROA % compare to ET and EPD?
According to the Oil & Gas industry distribution chart, Kinder Morgan ranks #335 out of 1025 companies for ROA %. This puts Kinder Morgan in the upper half of its industry. The industry median ROA % is 1.89. Kinder Morgan's value of 5.39% is 185.2% above this benchmark. Historically, Kinder Morgan's own ROA % has ranged from 0.16 to 4.57 over the past decade. While the company's 10-year median is 2.69 vs. the industry median of 1.89, Kinder Morgan 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. Kinder Morgan's current ROA % of 5.39% is 185.2% 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 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 Kinder Morgan 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. Kinder Morgan's current ROA % is 5.39%, which is 100% above median its own 10-year median of 2.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kinder Morgan stock overvalued right now?
Based on GuruFocus' analysis, Kinder Morgan (FRA:2KD) is currently considered Modestly Overvalued. The stock's GF Value™ is €25.06, compared to a current price of €28.98 — trading 15.6% above its estimated fair value. The current ROA % is 5.39%, which is 100% above median its 10-year median of 2.69 and 185.2% above the Oil & Gas industry median of 1.89. Kinder Morgan's overall GF Score™ is 76/100 with 9 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 Kinder Morgan (FRA:2KD), the current ROA % is 5.39% 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 Kinder Morgan (FRA:2KD) Overvalued in 2026?
Based on GuruFocus' analysis, Kinder Morgan stock appears to be overvalued.
The current stock price of €28.98 is trading 15.6% above its estimated GF Value™ of €25.06.
GuruFocus considers Kinder Morgan to be Modestly Overvalued.
Key valuation signals for FRA:2KD:
ROA %: 5.39% (100% above median its 10-year median of 2.69)
GF Value™: €25.06 vs. price of €28.98 (15.6% above fair value)
Industry Position: 185.2% above the Oil & Gas median (#335 of 1025)
No single metric tells the full story. See the FRA:2KD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kinder Morgan operates natural gas, crude oil, and refined products pipelines connecting producing regions to demand centers. It is principally involved in the gathering, storage, and transmission of natural gas across the continental United States. It also operates distribution centers for refined products along with the largest fleet of Jones Act-compliant tankers.
76GF Score
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