Xstate Resources (ASX:XST) ROE % Adjusted to Book Value: -37.15% (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Xstate Resources ROE % Adjusted to Book Value?

Xstate Resources ASX:XST -10.00% ROE % Adjusted to Book Value is -37.15% as of Dec. 2025. The stock has 2 warning signs investors should review.

Xstate Resources's ROE % for the quarter that ended in Dec. 2025 was -40.49%. Xstate Resources's PB Ratio for the quarter that ended in Dec. 2025 was 1.09. Xstate Resources's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 was -37.15%.

Xstate Resources ROE % Adjusted to Book Value Related Terms

Xstate Resources ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for Xstate Resources's ROE % Adjusted to Book Value 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.

Xstate Resources ROE % Adjusted to Book Value Chart

Xstate Resources Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only -61.86 -17.15 50.13 50.35 -30.65

Xstate Resources Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROE % Adjusted to Book Value 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 159.93 207.17 -76.64 -46.30 -37.15

ASX:XST vs COP, EOG, FANG: ROE % Adjusted to Book Value Comparison

For the Oil & Gas E&P subindustry, Xstate Resources's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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.

Xstate Resources ROE % Adjusted to Book Value vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Xstate Resources's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Xstate Resources's ROE % Adjusted to Book Value falls into.


Xstate Resources ROE % Adjusted to Book Value Calculation

Xstate Resources's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=-33.41% / 1.09
=-30.65%

Xstate Resources's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=-40.49% / 1.09
=-37.15%

* 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.

What does a ROE % Adjusted to Book Value of -37.15% mean?
Xstate Resources (ASX:XST) has a ROE % Adjusted to Book Value of -37.15% as of Dec. 2025. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Xstate Resources and its competitors.
Is Xstate Resources' ROE % Adjusted to Book Value too high?
Xstate Resources' current ROE % Adjusted to Book Value is -37.15%.
How does Xstate Resources' ROE % Adjusted to Book Value compare to COP and EOG?
Xstate Resources' ROE % Adjusted to Book Value of -37.15% can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for an Oil & Gas company?
A good ROE % Adjusted to Book Value depends on the Oil & Gas industry context. However, ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Xstate Resources and its competitors. Xstate Resources's current ROE % Adjusted to Book Value is -37.15%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xstate Resources stock overvalued right now?
Xstate Resources (ASX:XST) has a current ROE % Adjusted to Book Value of -37.15%. The current ROE % Adjusted to Book Value is -37.15%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Xstate Resources (ASX:XST), the current ROE % Adjusted to Book Value is -37.15% 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.

Xstate Resources Business Description

Industry EnergyOil & Gas
Address Level 1, 31 Cliff Street, Fremantle, WA, AUS, 6160
Xstate Resources Ltd is engaged in oil and natural gas exploration, having historically held exploration and evaluation interests in the United States of America, and holding working interests in oil production assets in Canada and Austria. The Group currently operates in a single segment based on operation performed, and on geography, being oil & gas exploration activities on-shore Australia. Its Queensland project includes the drill-ready Diona Prospect, located near existing production infrastructure and targeting 3 stacked gas reservoir objectives in geologic plays.