Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Flex LNGOSTO:FLNGO 72 ROA % is 2.93% as of Mar. 2026, which is 46% above its 10-year median of 2.01. GuruFocus rates OSTO:FLNGO with a GF Score™ of 72/100 and a GF Value™ of kr199.30. The stock has 9 warning signs investors should review. Among 1,025 Oil & Gas companies, Flex LNG ranks better than 55.12% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Flex LNG's annualizedNet Income for the quarter that ended in Mar. 2026 was kr754 Mil.
Flex LNG's average Total Assets over the quarter that ended in Mar. 2026 was kr25,740 Mil. Therefore, Flex LNG's annualized ROA % for the quarter that ended in Mar. 2026 was 2.93%.
The historical rank and industry rank for Flex LNG's ROA % or its related term are showing as below:
OSTO:FLNGo'
s ROA % Range Over the Past 10 Years
Min: -2.32 Med: 2.01 Max: 7.16
Current: 2.88
During the past 13 years, Flex LNG's highest ROA % was 7.16%. The lowest was -2.32%. And the median was 2.01%.
OSTO:FLNGo's ROA % is ranked better than 55.12% of 1025
companies
in the Oil & Gas industry
Industry Median: 1.93
vs OSTO:FLNGo: 2.88
Flex LNG (OSTO:FLNGo) 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.
Flex LNG ROA % Related Terms
Flex LNG ROA % Historical Data
* Premium members only.
The historical data trend for Flex LNG'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, Flex LNG'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.
Flex LNG ROA % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Flex LNG's ROA % distribution charts can be found below:
* The bar in red indicates where Flex LNG'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.
Flex LNG (OSTO:FLNGO) has a ROA % of 2.93% 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 Flex LNG and its competitors. This is 46% above median its historical median of 2.01. According to the industry distribution chart, Flex LNG ranks #460 out of 1025 companies in the Oil & Gas industry, placing it in the top 44.9%.
Is Flex LNG's ROA % too high?
Flex LNG's current ROA % of 2.93% is 46% above median its 10-year median of 2.01. The Oil & Gas industry median ROA % is 1.93. Flex LNG's value of 2.93% is 51.8% above this industry median. Based on the distribution chart, Flex LNG ranks #460 out of 1025 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Flex LNG has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Flex LNG's ROA % compare to GLP and LPG?
According to the Oil & Gas industry distribution chart, Flex LNG ranks #460 out of 1025 companies for ROA %. This puts Flex LNG in the upper half of its industry. The industry median ROA % is 1.93. Flex LNG's value of 2.93% is 51.8% above this benchmark. While the company's 10-year median is 2.01 vs. the industry median of 1.93, Flex LNG 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 1.93, 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. Flex LNG's current ROA % of 2.93% is 51.8% 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 Flex LNG and its competitors. For the Oil & Gas industry, the median ROA % is 1.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Flex LNG's current ROA % is 2.93%, which is 46% above median its own 10-year median of 2.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flex LNG stock overvalued right now?
Flex LNG (OSTO:FLNGO) has a current ROA % of 2.93%. The stock's GF Value™ is kr199.30, compared to a current price of kr244.50 — trading 22.7% above its estimated fair value. The current ROA % is 2.93%, which is 46% above median its 10-year median of 2.01 and 51.8% above the Oil & Gas industry median of 1.93. Flex LNG's overall GF Score™ is 72/100 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 Flex LNG (OSTO:FLNGO), the current ROA % is 2.93% 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 Flex LNG (OSTO:FLNGO) Overvalued in 2026?
Based on GuruFocus' analysis, Flex LNG stock appears to be overvalued.
The current stock price of kr244.50 is trading 22.7% above its estimated GF Value™ of kr199.30.
Key valuation signals for OSTO:FLNGO:
ROA %: 2.93% (46% above median its 10-year median of 2.01)
GF Value™: kr199.30 vs. price of kr244.50 (22.7% above fair value)
Industry Position: 51.8% above the Oil & Gas median (#460 of 1025)
No single metric tells the full story. See the OSTO:FLNGO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Flex LNG Ltd is an LNG shipping company with a fleet of next-generation LNG carriers with large cargo capacity. The company's fleet consists of several LNG carriers on the water, and all of its vessels are of the latest generation equipped with two-stroke propulsion. Its fleet consists of M-type, Electronically Controlled, Gas Injection (MEGI) LNG carriers and Generation X Dual Fuel (X-DF) LNG carriers, offering improvements in fuel efficiency and thus also carbon footprint compared to the older steam and four-stroke propelled ships. The company has one reportable segment: vessel operations, which generates revenue from the chartering of vessels to customers.
72GF Score
Get the complete analysis for OSTO:FLNGO
ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
OSTO:FLNGO has been successfully added to your 
