Athabasca OilTSX:ATH +0.65%69 ROA % is 7.09% as of Mar. 2026, which is 93% above its 10-year median of 3.68. GuruFocus rates TSX:ATH with a GF Score™ of 69/100 and a GF Value™ of C$6.37 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,025 Oil & Gas companies, Athabasca Oil ranks better than 83.12% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Athabasca Oil's annualizedNet Income for the quarter that ended in Mar. 2026 was C$185 Mil.
Athabasca Oil's average Total Assets over the quarter that ended in Mar. 2026 was C$2,612 Mil. Therefore, Athabasca Oil's annualized ROA % for the quarter that ended in Mar. 2026 was 7.09%.
The historical rank and industry rank for Athabasca Oil's ROA % or its related term are showing as below:
TSX:ATH'
s ROA % Range Over the Past 10 Years
Min: -37.37 Med: 3.68 Max: 28.89
Current: 8.65
During the past 13 years, Athabasca Oil's highest ROA % was 28.89%. The lowest was -37.37%. And the median was 3.68%.
TSX:ATH's ROA % is ranked better than 83.12% of 1025
companies
in the Oil & Gas industry
Industry Median: 1.89
vs TSX:ATH: 8.65
Athabasca Oil (TSX:ATH) 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.
Athabasca Oil ROA % Related Terms
Athabasca Oil ROA % Historical Data
* Premium members only.
The historical data trend for Athabasca Oil'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 E&P subindustry, Athabasca Oil'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.
Athabasca Oil ROA % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Athabasca Oil's ROA % distribution charts can be found below:
* The bar in red indicates where Athabasca Oil'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.
Athabasca Oil (TSX:ATH) has a ROA % of 7.09% 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 Athabasca Oil and its competitors. This is 93% above median its historical median of 3.68. According to the industry distribution chart, Athabasca Oil ranks #173 out of 1025 companies in the Oil & Gas industry, placing it in the top 16.9%.
Is Athabasca Oil's ROA % too high?
Athabasca Oil's current ROA % of 7.09% is 93% above median its 10-year median of 3.68. The Oil & Gas industry median ROA % is 1.89. Athabasca Oil's value of 7.09% is 275.1% above this industry median. Based on the distribution chart, Athabasca Oil ranks #173 out of 1025 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Athabasca Oil has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Athabasca Oil's ROA % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Athabasca Oil ranks #173 out of 1025 companies for ROA %. This places Athabasca Oil in the top 17% of its industry — outperforming the majority of peers. The industry median ROA % is 1.89. Athabasca Oil's value of 7.09% is 275.1% above this benchmark. While the company's 10-year median is 3.68 vs. the industry median of 1.89, Athabasca Oil 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. Athabasca Oil's current ROA % of 7.09% is 275.1% 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 Athabasca Oil 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. Athabasca Oil's current ROA % is 7.09%, which is 93% above median its own 10-year median of 3.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Athabasca Oil stock overvalued right now?
Based on GuruFocus' analysis, Athabasca Oil (TSX:ATH) is currently considered Significantly Overvalued. The stock's GF Value™ is C$6.37, compared to a current price of C$10.84 — trading 70.2% above its estimated fair value. The current ROA % is 7.09%, which is 93% above median its 10-year median of 3.68 and 275.1% above the Oil & Gas industry median of 1.89. Athabasca Oil's overall GF Score™ is 69/100 with 1 warning sign 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 Athabasca Oil (TSX:ATH), the current ROA % is 7.09% 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 Athabasca Oil (TSX:ATH) Overvalued in 2026?
Based on GuruFocus' analysis, Athabasca Oil stock appears to be overvalued.
The current stock price of C$10.84 is trading 70.2% above its estimated GF Value™ of C$6.37.
GuruFocus considers Athabasca Oil to be Significantly Overvalued.
Key valuation signals for TSX:ATH:
ROA %: 7.09% (93% above median its 10-year median of 3.68)
GF Value™: C$6.37 vs. price of C$10.84 (70.2% above fair value)
Industry Position: 275.1% above the Oil & Gas median (#173 of 1025)
No single metric tells the full story. See the TSX:ATH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Athabasca Oil Corp is an exploration and production company developing Thermal Oil and Light Oil resources in the Western Canadian Sedimentary Basin located in Alberta, Canada. It operates through two segments: Athabasca (Thermal Oil), focused on bitumen production from oil sands in the Athabasca region of Northern Alberta, and Duvernay Energy, focused on the production of light and medium crude oil, tight oil, natural gas, shale gas, and natural gas liquids in the Greater Kaybob area near Fox Creek, Alberta. The majority of its revenue is derived from petroleum, natural gas, and midstream sales through the Athabasca segment.
69GF Score
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