Thermal Energy InternationalTMGEF +7.44%65 ROA % is 9.55% as of Feb. 2026, which is 214% above its 10-year median of 3.04. GuruFocus rates TMGEF with a GF Score™ of 65/100 and a GF Value™ of $0.18 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 3,075 Industrial Products companies, Thermal Energy International ranks better than 85.46% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Thermal Energy International's annualizedNet Income for the quarter that ended in Feb. 2026 was $0.95 Mil.
Thermal Energy International's average Total Assets over the quarter that ended in Feb. 2026 was $9.93 Mil. Therefore, Thermal Energy International's annualized ROA % for the quarter that ended in Feb. 2026 was 9.55%.
The historical rank and industry rank for Thermal Energy International's ROA % or its related term are showing as below:
TMGEF'
s ROA % Range Over the Past 10 Years
Min: -18.17 Med: 3.04 Max: 9.25
Current: 9.25
During the past 13 years, Thermal Energy International's highest ROA % was 9.25%. The lowest was -18.17%. And the median was 3.04%.
TMGEF's ROA % is ranked better than 85.46% of 3075
companies
in the Industrial Products industry
Industry Median: 3.05
vs TMGEF: 9.25
Thermal Energy International (OTCPK:TMGEF) 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 (Feb. 2026) net income data. The Revenue data used here is four times the quarterly (Feb. 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.
Thermal Energy International ROA % Related Terms
Thermal Energy International 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 Pollution & Treatment Controls subindustry, Thermal Energy International'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.
Thermal Energy International ROA % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Thermal Energy International's ROA % distribution charts can be found below:
* The bar in red indicates where Thermal Energy International'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 (Feb. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Thermal Energy International (TMGEF) has a ROA % of 9.55% as of Feb. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Thermal Energy International and its competitors. This is 214% above median its historical median of 3.04. According to the industry distribution chart, Thermal Energy International ranks #447 out of 3075 companies in the Industrial Products industry, placing it in the top 14.5%.
Is Thermal Energy International's ROA % too high?
Thermal Energy International's current ROA % of 9.55% is 214% above median its 10-year median of 3.04. The Industrial Products industry median ROA % is 3.05. Thermal Energy International's value of 9.55% is 213.1% above this industry median. Based on the distribution chart, Thermal Energy International ranks #447 out of 3075 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Thermal Energy International has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Thermal Energy International's ROA % compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Thermal Energy International ranks #447 out of 3075 companies for ROA %. This places Thermal Energy International in the top 15% of its industry — outperforming the majority of peers. The industry median ROA % is 3.05. Thermal Energy International's value of 9.55% is 213.1% above this benchmark. While the company's 10-year median is 3.04 vs. the industry median of 3.05, Thermal Energy International 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 Industrial Products company?
The median ROA % among Industrial Products companies is 3.05, based on 3,075 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. Thermal Energy International's current ROA % of 9.55% is 213.1% 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 Thermal Energy International and its competitors. For the Industrial Products industry, the median ROA % is 3.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thermal Energy International's current ROA % is 9.55%, which is 214% above median its own 10-year median of 3.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thermal Energy International stock overvalued right now?
Based on GuruFocus' analysis, Thermal Energy International (TMGEF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.18, compared to a current price of $0.12 — trading 35.1% below its estimated fair value. The current ROA % is 9.55%, which is 214% above median its 10-year median of 3.04 and 213.1% above the Industrial Products industry median of 3.05. Thermal Energy International's overall GF Score™ is 65/100 with 4 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 Thermal Energy International (TMGEF), the current ROA % is 9.55% as of Feb. 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 Thermal Energy International (TMGEF) Overvalued in 2026?
Based on GuruFocus' analysis, Thermal Energy International stock appears to be undervalued.
The current stock price of $0.12 is trading 35.1% below its estimated GF Value™ of $0.18.
GuruFocus considers Thermal Energy International to be Possible Value Trap.
Key valuation signals for TMGEF:
ROA %: 9.55% (214% above median its 10-year median of 3.04)
GF Value™: $0.18 vs. price of $0.12 (35.1% below fair value)
Industry Position: 213.1% above the Industrial Products median (#447 of 3075)
No single metric tells the full story. See the TMGEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thermal Energy International Inc is a supplier of proprietary, energy efficiency and emissions reduction solutions to the industrial and institutional sectors. It markets, sells, engineers, fabricates, constructs, installs and supports technology lines - heat recovery solutions and condensate return system solutions. The product portfolio consists of GEM steam traps, FLU-ACE - direct contact condensing heat recovery, and Dry Rex - low-temperature biomass drying systems. The operating segment includes geographical areas that reflect the core business which has units located in Ottawa, Canada and Bristol, UK. The firm derives revenue from Canada, the UK, Germany, France, Poland, India, etc and the rest of the world. Substantial sales revenue comes from the USA.
65GF Score
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