National Petroleum CoTPE:9937 +0.55%78 ROA % is 6.36% as of Dec. 2025, which is 0% above its 10-year median of 6.34. GuruFocus rates TPE:9937 with a GF Score™ of 78/100 and a GF Value™ of NT$59.39 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,128 Retail - Cyclical companies, National Petroleum Co ranks better than 69.33% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. National Petroleum Co's annualizedNet Income for the quarter that ended in Dec. 2025 was NT$763 Mil.
National Petroleum Co's average Total Assets over the quarter that ended in Dec. 2025 was NT$12,001 Mil. Therefore, National Petroleum Co's annualized ROA % for the quarter that ended in Dec. 2025 was 6.36%.
The historical rank and industry rank for National Petroleum Co's ROA % or its related term are showing as below:
TPE:9937'
s ROA % Range Over the Past 10 Years
Min: 5.78 Med: 6.34 Max: 9.14
Current: 5.79
During the past 13 years, National Petroleum Co's highest ROA % was 9.14%. The lowest was 5.78%. And the median was 6.34%.
TPE:9937's ROA % is ranked better than 69.33% of 1128
companies
in the Retail - Cyclical industry
Industry Median: 2.725
vs TPE:9937: 5.79
National Petroleum Co (TPE:9937) 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 (Dec. 2025) net income data. The Revenue data used here is four times the quarterly (Dec. 2025) 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 Specialty Retail subindustry, National Petroleum Co'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.
National Petroleum Co ROA % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, National Petroleum Co's ROA % distribution charts can be found below:
* The bar in red indicates where National Petroleum Co'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 (Dec. 2025) net income data.
ROA % is displayed in the 30-year financial page.
National Petroleum Co (TPE:9937) has a ROA % of 6.36% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on National Petroleum Co and its competitors. This is near median its historical median of 6.34. Over the past decade, National Petroleum Co's ROA % has ranged from 5.78 to 9.14. According to the industry distribution chart, National Petroleum Co ranks #346 out of 1128 companies in the Retail - Cyclical industry, placing it in the top 30.7%.
Is National Petroleum Co's ROA % too high?
National Petroleum Co's current ROA % of 6.36% is near median its 10-year median of 6.34. Over the past 10 years, this metric has ranged from a low of 5.78 to a high of 9.14. The Retail - Cyclical industry median ROA % is 2.73. National Petroleum Co's value of 6.36% is 133.4% above this industry median. Based on the distribution chart, National Petroleum Co ranks #346 out of 1128 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, National Petroleum Co has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does National Petroleum Co's ROA % compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, National Petroleum Co ranks #346 out of 1128 companies for ROA %. This puts National Petroleum Co in the upper half of its industry. The industry median ROA % is 2.73. National Petroleum Co's value of 6.36% is 133.4% above this benchmark. Historically, National Petroleum Co's own ROA % has ranged from 5.78 to 9.14 over the past decade. While the company's 10-year median is 6.34 vs. the industry median of 2.73, National Petroleum Co 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 a Retail - Cyclical company?
The median ROA % among Retail - Cyclical companies is 2.73, based on 1,128 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. National Petroleum Co's current ROA % of 6.36% is 133.4% 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 National Petroleum Co and its competitors. For the Retail - Cyclical industry, the median ROA % is 2.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Petroleum Co's current ROA % is 6.36%, which is near median its own 10-year median of 6.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Petroleum Co stock overvalued right now?
Based on GuruFocus' analysis, National Petroleum Co (TPE:9937) is currently considered Fairly Valued. The stock's GF Value™ is NT$59.39, compared to a current price of NT$55.30 — trading 6.9% below its estimated fair value. The current ROA % is 6.36%, which is near median its 10-year median of 6.34 and 133.4% above the Retail - Cyclical industry median of 2.73. National Petroleum Co's overall GF Score™ is 78/100 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 National Petroleum Co (TPE:9937), the current ROA % is 6.36% as of Dec. 2025. 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 National Petroleum Co (TPE:9937) Overvalued in 2026?
Based on GuruFocus' analysis, National Petroleum Co stock appears to be undervalued.
The current stock price of NT$55.30 is trading 6.9% below its estimated GF Value™ of NT$59.39.
GuruFocus considers National Petroleum Co to be Fairly Valued.
Key valuation signals for TPE:9937:
ROA %: 6.36% (near median its 10-year median of 6.34)
GF Value™: NT$59.39 vs. price of NT$55.30 (6.9% below fair value)
Industry Position: 133.4% above the Retail - Cyclical median (#346 of 1128)
No single metric tells the full story. See the TPE:9937 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Petroleum Co Ltd is engaged in providing and selling gasoline, diesel, and lubricant, as well as car washing services. The main revenue of the Group is generated from the sales of refined petroleum products supplied and sold through the Group's gas stations. The sales targets are mainly consumers at gas stations.
78GF Score
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