Topaz EnergyTSX:TPZ +0.47%88 ROA % is 6.16% as of Mar. 2026, which is 142% above its 10-year median of 2.55. GuruFocus rates TSX:TPZ with a GF Score™ of 88/100 and a GF Value™ of C$27.57 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,025 Oil & Gas companies, Topaz Energy ranks better than 80.78% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Topaz Energy's annualizedNet Income for the quarter that ended in Mar. 2026 was C$136.2 Mil.
Topaz Energy's average Total Assets over the quarter that ended in Mar. 2026 was C$2,212.0 Mil. Therefore, Topaz Energy's annualized ROA % for the quarter that ended in Mar. 2026 was 6.16%.
The historical rank and industry rank for Topaz Energy's ROA % or its related term are showing as below:
TSX:TPZ'
s ROA % Range Over the Past 10 Years
Min: 0.36 Med: 2.55 Max: 7.55
Current: 7.55
During the past 7 years, Topaz Energy's highest ROA % was 7.55%. The lowest was 0.36%. And the median was 2.55%.
TSX:TPZ's ROA % is ranked better than 80.78% of 1025
companies
in the Oil & Gas industry
Industry Median: 1.89
vs TSX:TPZ: 7.55
Topaz Energy (TSX:TPZ) 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.
Topaz Energy ROA % Related Terms
Topaz Energy ROA % Historical Data
* Premium members only.
The historical data trend for Topaz Energy'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, Topaz Energy'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.
Topaz Energy ROA % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Topaz Energy's ROA % distribution charts can be found below:
* The bar in red indicates where Topaz Energy'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.
Topaz Energy (TSX:TPZ) has a ROA % of 6.16% 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 Topaz Energy and its competitors. This is 142% above median its historical median of 2.55. Over the past decade, Topaz Energy's ROA % has ranged from 0.36 to 7.55. According to the industry distribution chart, Topaz Energy ranks #197 out of 1025 companies in the Oil & Gas industry, placing it in the top 19.2%.
Is Topaz Energy's ROA % too high?
Topaz Energy's current ROA % of 6.16% is 142% above median its 10-year median of 2.55. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 7.55. The Oil & Gas industry median ROA % is 1.89. Topaz Energy's value of 6.16% is 225.9% above this industry median. Based on the distribution chart, Topaz Energy ranks #197 out of 1025 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Topaz Energy has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Topaz Energy's ROA % compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, Topaz Energy ranks #197 out of 1025 companies for ROA %. This places Topaz Energy in the top 19% of its industry — outperforming the majority of peers. The industry median ROA % is 1.89. Topaz Energy's value of 6.16% is 225.9% above this benchmark. Historically, Topaz Energy's own ROA % has ranged from 0.36 to 7.55 over the past decade. While the company's 10-year median is 2.55 vs. the industry median of 1.89, Topaz Energy 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. Topaz Energy's current ROA % of 6.16% is 225.9% 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 Topaz Energy 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. Topaz Energy's current ROA % is 6.16%, which is 142% above median its own 10-year median of 2.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Topaz Energy stock overvalued right now?
Based on GuruFocus' analysis, Topaz Energy (TSX:TPZ) is currently considered Fairly Valued. The stock's GF Value™ is C$27.57, compared to a current price of C$29.93 — trading 8.6% above its estimated fair value. The current ROA % is 6.16%, which is 142% above median its 10-year median of 2.55 and 225.9% above the Oil & Gas industry median of 1.89. Topaz Energy's overall GF Score™ is 88/100 with 6 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 Topaz Energy (TSX:TPZ), the current ROA % is 6.16% 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 Topaz Energy (TSX:TPZ) Overvalued in 2026?
Based on GuruFocus' analysis, Topaz Energy stock appears to be overvalued.
The current stock price of C$29.93 is trading 8.6% above its estimated GF Value™ of C$27.57.
GuruFocus considers Topaz Energy to be Fairly Valued.
Key valuation signals for TSX:TPZ:
ROA %: 6.16% (142% above median its 10-year median of 2.55)
GF Value™: C$27.57 vs. price of C$29.93 (8.6% above fair value)
Industry Position: 225.9% above the Oil & Gas median (#197 of 1025)
No single metric tells the full story. See the TSX:TPZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Topaz Energy Corp is a royalty and energy infrastructure company focused on generating low-risk income and paying dividends to its shareholders. The company generates revenue from the Royalty Assets, which generate the company's Royalty Production Revenue; and the Infrastructure Assets, which generate the company's Processing Revenue and Other Income. The majority of the company's revenue is earned through royalties.
88GF Score
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