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Suburban Propane Partners LPSPH +0.27%57 ROA % is 22.82% as of Mar. 2026, which is 558% above its 10-year median of 3.47. GuruFocus rates SPH with a GF Score™ of 57/100 and a GF Value™ of $18.09 (Fairly Valued). The stock has 3 warning signs investors should review. Among 509 Utilities - Regulated companies, Suburban Propane Partners LP ranks better than 78.19% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Suburban Propane Partners LP's annualizedNet Income for the quarter that ended in Mar. 2026 was $550 Mil.
Suburban Propane Partners LP's average Total Assets over the quarter that ended in Mar. 2026 was $2,411 Mil. Therefore, Suburban Propane Partners LP's annualized ROA % for the quarter that ended in Mar. 2026 was 22.82%.
The historical rank and industry rank for Suburban Propane Partners LP's ROA % or its related term are showing as below:
SPH'
s ROA % Range Over the Past 10 Years
Min: 0.61 Med: 3.47 Max: 6.72
Current: 5.63
During the past 13 years, Suburban Propane Partners LP's highest ROA % was 6.72%. The lowest was 0.61%. And the median was 3.47%.
SPH's ROA % is ranked better than 78.19% of 509
companies
in the Utilities - Regulated industry
Industry Median: 3.05
vs SPH: 5.63
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.
Suburban Propane Partners LP ROA % Related Terms
Suburban Propane Partners LP ROA % 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.
For the Utilities - Regulated Gas subindustry, Suburban Propane Partners 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.
Suburban Propane Partners LP ROA % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Suburban Propane Partners LP's ROA % distribution charts can be found below:
* The bar in red indicates where Suburban Propane Partners 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.
Suburban Propane Partners LP (SPH) has a ROA % of 22.82% 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 Suburban Propane Partners LP and its competitors. This is 558% above median its historical median of 3.47. Over the past decade, Suburban Propane Partners LP's ROA % has ranged from 0.61 to 6.72. According to the industry distribution chart, Suburban Propane Partners LP ranks #111 out of 509 companies in the Utilities - Regulated industry, placing it in the top 21.8%.
Is Suburban Propane Partners LP's ROA % too high?
Suburban Propane Partners LP's current ROA % of 22.82% is 558% above median its 10-year median of 3.47. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 6.72. The Utilities - Regulated industry median ROA % is 3.05. Suburban Propane Partners LP's value of 22.82% is 648.2% above this industry median. Based on the distribution chart, Suburban Propane Partners LP ranks #111 out of 509 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Suburban Propane Partners LP has a GF Score™ of 57/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Suburban Propane Partners LP's ROA % compare to NWN and RGCO?
According to the Utilities - Regulated industry distribution chart, Suburban Propane Partners LP ranks #111 out of 509 companies for ROA %. This places Suburban Propane Partners LP in the top 22% of its industry — outperforming the majority of peers. The industry median ROA % is 3.05. Suburban Propane Partners LP's value of 22.82% is 648.2% above this benchmark. Historically, Suburban Propane Partners LP's own ROA % has ranged from 0.61 to 6.72 over the past decade. While the company's 10-year median is 3.47 vs. the industry median of 3.05, Suburban Propane Partners 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 Utilities - Regulated company?
The median ROA % among Utilities - Regulated companies is 3.05, based on 509 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. Suburban Propane Partners LP's current ROA % of 22.82% is 648.2% 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 Suburban Propane Partners LP and its competitors. For the Utilities - Regulated industry, the median ROA % is 3.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Suburban Propane Partners LP's current ROA % is 22.82%, which is 558% above median its own 10-year median of 3.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Suburban Propane Partners LP stock overvalued right now?
Based on GuruFocus' analysis, Suburban Propane Partners LP (SPH) is currently considered Fairly Valued. The stock's GF Value™ is $18.09, compared to a current price of $18.66 — trading 3.2% above its estimated fair value. The current ROA % is 22.82%, which is 558% above median its 10-year median of 3.47 and 648.2% above the Utilities - Regulated industry median of 3.05. Suburban Propane Partners LP's overall GF Score™ is 57/100 with 3 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 Suburban Propane Partners LP (SPH), the current ROA % is 22.82% 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 Suburban Propane Partners LP (SPH) Overvalued in 2026?
Based on GuruFocus' analysis, Suburban Propane Partners LP stock appears to be overvalued.
The current stock price of $18.66 is trading 3.2% above its estimated GF Value™ of $18.09.
GuruFocus considers Suburban Propane Partners LP to be Fairly Valued.
Key valuation signals for SPH:
ROA %: 22.82% (558% above median its 10-year median of 3.47)
GF Value™: $18.09 vs. price of $18.66 (3.2% above fair value)
Industry Position: 648.2% above the Utilities - Regulated median (#111 of 509)
No single metric tells the full story. See the SPH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Suburban Propane Partners LP distributes propane, renewable propane, renewable natural gas (RNG), fuel oil, refined fuels, and markets natural gas and electricity in deregulated markets. It produces and invests in low-carbon fuel alternatives. The company installs and services home comfort heating and ventilation equipment and distributes fuel oil, kerosene, diesel, and gasoline to about 25,000 residential and commercial customers mainly in the U.S. northeast. It operates three segments: Propane, Fuel Oil and Refined Fuels, and Natural Gas and Electricity, with the Propane segment generating the majority of revenue. Propane, a by-product of natural gas processing and petroleum refining, is a clean-burning energy source known for transportability and ease of use.
57GF Score
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