National Gas CoOG (MUS:NGCI) ROE % Adjusted to Book Value: -18.48% (As of Dec. 2025)


MUS:NGCI National Gas Co SAOG MUS:NGCI
37 GF Score
Price ر.ع0.11
GF Value ر.ع0.09
Valuation Modestly Overvalued
! 7 Warning Signs
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What is National Gas CoOG ROE % Adjusted to Book Value?

National Gas CoOG MUS:NGCI 37 ROE % Adjusted to Book Value is -18.48% as of Dec. 2025. GuruFocus rates MUS:NGCI with a GF Score™ of 37/100 and a GF Value™ of ر.ع0.09 (Modestly Overvalued). The stock has 7 warning signs investors should review.

National Gas CoOG's ROE % for the quarter that ended in Dec. 2025 was -7.76%. National Gas CoOG's PB Ratio for the quarter that ended in Dec. 2025 was 0.42. National Gas CoOG's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 was -18.48%.


National Gas CoOG ROE % Adjusted to Book Value Related Terms


National Gas CoOG ROE % Adjusted to Book Value Historical Data

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The historical data trend for National Gas CoOG'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.

National Gas CoOG ROE % Adjusted to Book Value Chart

National Gas CoOG 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 -14.39 5.21 -3.67 0.17 -10.07

National Gas CoOG Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 10.40 -12.74 -6.68 -5.58 -18.48

MUS:NGCI vs ATO, NI, UGI: ROE % Adjusted to Book Value Comparison

For the Utilities - Regulated Gas subindustry, National Gas CoOG'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.


National Gas CoOG ROE % Adjusted to Book Value vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, National Gas CoOG's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where National Gas CoOG's ROE % Adjusted to Book Value falls into.


MUS:NGCI
37GF Score
National Gas Co SAOG MUS:NGCI
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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National Gas CoOG ROE % Adjusted to Book Value Calculation

National Gas CoOG'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
=-4.23% / 0.42
=-10.07%

National Gas CoOG'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
=-7.76% / 0.42
=-18.48%

* 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 -18.48% mean?
National Gas CoOG (MUS:NGCI) has a ROE % Adjusted to Book Value of -18.48% 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 National Gas CoOG and its competitors.
Is National Gas CoOG's ROE % Adjusted to Book Value too high?
National Gas CoOG's current ROE % Adjusted to Book Value is -18.48%. Overall, National Gas CoOG has a GF Score™ of 37/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Gas CoOG's ROE % Adjusted to Book Value compare to ATO and NI?
National Gas CoOG's ROE % Adjusted to Book Value of -18.48% can be compared against companies in the Utilities - Regulated 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 Utilities - Regulated company?
A good ROE % Adjusted to Book Value depends on the Utilities - Regulated 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 National Gas CoOG and its competitors. National Gas CoOG's current ROE % Adjusted to Book Value is -18.48%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Gas CoOG stock overvalued right now?
Based on GuruFocus' analysis, National Gas CoOG (MUS:NGCI) is currently considered Modestly Overvalued. The stock's GF Value™ is ر.ع0.09, compared to a current price of ر.ع0.11 — trading 22.2% above its estimated fair value. The current ROE % Adjusted to Book Value is -18.48%. National Gas CoOG's overall GF Score™ is 37/100 with 7 warning signs to review. 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 National Gas CoOG (MUS:NGCI), the current ROE % Adjusted to Book Value is -18.48% 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 Gas CoOG (MUS:NGCI) Overvalued in 2026?

Based on GuruFocus' analysis, National Gas CoOG stock appears to be overvalued. The current stock price of ر.ع0.11 is trading 22.2% above its estimated GF Value™ of ر.ع0.09. GuruFocus considers National Gas CoOG to be Modestly Overvalued.

Key valuation signals for MUS:NGCI:

  • ROE % Adjusted to Book Value: -18.48%
  • GF Value™: ر.ع0.09 vs. price of ر.ع0.11 (22.2% above fair value)
  • GF Score™: 37/100 with 7 warning signs

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


National Gas CoOG Business Description

Address Al Khuwair Office, Al Khuwair, ONEIC Building, Muscat, OMN
National Gas Co SAOG operates as a Liquefied Petroleum Gas filling plant. The company is engaged in the marketing, selling, and distribution of LPG. The group's only business segment is the marketing and selling of LPG. It operates a large fleet of tankers to lift bulk LPG from refineries in the Sultanate to its plants where it is bottled into cylinders in safe and controlled conditions. The company has different sizes of tankers to meet customer demand and reduce distribution costs. The company has different departments for project and design which takes care of design, engineering, procurement, installation, commissioning and testing of all projects and post-sale services.
37GF Score

Get the complete analysis for MUS:NGCI

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

ر.ع0.11
Price
ر.ع0.09
GF Value