ALTX (Altex Industries) ROCE %: -19.36% (As of Mar. 2026)

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ALTX Altex Industries Inc ALTX
21 GF Score
Price $0.20
GF Value $0.10
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Altex Industries ROCE %?

Altex Industries ALTX 21 ROCE % is -19.36% as of Mar. 2026. GuruFocus rates ALTX with a GF Score™ of 21/100 and a GF Value™ of $0.10 (Significantly Overvalued). The stock has 4 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Altex Industries's annualized ROCE % for the quarter that ended in Mar. 2026 was -19.36%.

Altex Industries  (OTCPK:ALTX) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Altex Industries ROCE % Related Terms

Altex Industries ROCE % Historical Data

* Premium members only.

The historical data trend for Altex Industries's ROCE % 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.

Altex Industries ROCE % Chart

Altex Industries Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -12.06 -12.56 -19.05 -16.09 -20.36

Altex Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -15.87 -11.22 -15.79 -15.17 -19.36
ALTX
21GF Score
Altex Industries Inc ALTX
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Altex Industries ROCE % Calculation

Altex Industries's annualized ROCE % for the fiscal year that ended in Sep. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Sep. 2025 )  (A: Sep. 2024 )(A: Sep. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Sep. 2025 )  (A: Sep. 2024 )(A: Sep. 2025 )
=-0.307/( ( (2.726 - 1.18) + (2.745 - 1.276) )/ 2 )
=-0.307/( (1.546+1.469)/ 2 )
=-0.307/1.5075
=-20.36 %

Altex Industries's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=-0.272/( ( (2.701 - 1.269) + (2.651 - 1.273) )/ 2 )
=-0.272/( ( 1.432 + 1.378 )/ 2 )
=-0.272/1.405
=-19.36 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -19.36% mean?
Altex Industries (ALTX) has a ROCE % of -19.36% as of Mar. 2026.
Is Altex Industries' ROCE % too high?
Altex Industries' current ROCE % is -19.36%. Overall, Altex Industries has a GF Score™ of 21/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Altex Industries' ROCE % compare to CRCE and FECOF?
Altex Industries' ROCE % of -19.36% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.88. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Oil & Gas company?
The median ROCE % among Oil & Gas companies is 6.88, based on 977 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median ROCE % is 6.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Altex Industries's current ROCE % is -19.36%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altex Industries stock overvalued right now?
Based on GuruFocus' analysis, Altex Industries (ALTX) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.10, compared to a current price of $0.20 — trading 100% above its estimated fair value. The current ROCE % is -19.36%. Altex Industries' overall GF Score™ is 21/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Altex Industries (ALTX), the current ROCE % is -19.36% 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 Altex Industries (ALTX) Overvalued in 2026?

Based on GuruFocus' analysis, Altex Industries stock appears to be overvalued. The current stock price of $0.20 is trading 100% above its estimated GF Value™ of $0.10. GuruFocus considers Altex Industries to be Significantly Overvalued.

Key valuation signals for ALTX:

  • ROCE %: -19.36%
  • GF Value™: $0.10 vs. price of $0.20 (100% above fair value)
  • GF Score™: 21/100 with 4 warning signs

No single metric tells the full story. See the ALTX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Altex Industries Business Description

Industry EnergyOil & Gas
Address 700 Colorado Boulevard, Suite 273, Denver, CO, USA, 80206-4084
Altex Industries Inc. is a USA-based holding company. Through its wholly-owned subsidiary, it owns interests in productive onshore oil and gas properties, has bought and sold producing oil and gas properties, and has participated in the drilling of exploratory and development wells, and the completion of existing wells in Utah and Wyoming. The Company's revenue is from sales of oil and gas production, interest income, and, occasionally, bonus payments for mineral leases.
21GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.20
Price
$0.10
GF Value