TPZEF (Topaz Energy) ROE % Adjusted to Book Value: 2.88% (As of Mar. 2026)

Topaz Energy TPZEF -0.80% 86 ROE % Adjusted to Book Value is 2.88% as of Mar. 2026. GuruFocus rates TPZEF with a GF Score™ of 86/100 and a GF Value™ of $19.45 (Fairly Valued). The stock has 3 warning signs investors should review.

Topaz Energy's ROE % for the quarter that ended in Mar. 2026 was 9.03%. Topaz Energy's PB Ratio for the quarter that ended in Mar. 2026 was 3.13. Topaz Energy's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 2.88%.

Topaz Energy ROE % Adjusted to Book Value Related Terms

Topaz Energy ROE % Adjusted to Book Value Historical Data

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The historical data trend for Topaz Energy'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.

Topaz Energy ROE % Adjusted to Book Value Chart

Topaz Energy Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROE % Adjusted to Book Value

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1.27

3.22

1.74

2.55

3.00

Topaz Energy Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROE % Adjusted to Book Value	Get a 7-Day Free Trial															2.68	2.88	1.12	8.01	2.88

TPZEF vs WMB, EPD, KMI: ROE % Adjusted to Book Value Comparison

For the Oil & Gas Midstream subindustry, Topaz Energy'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.

Topaz Energy ROE % Adjusted to Book Value vs Oil & Gas Industry

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

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

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86GF Score

Topaz Energy Corp TPZEF

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Topaz Energy ROE % Adjusted to Book Value Calculation

Topaz Energy'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
	=	8.44%	/	2.81
	=	3.00%

Topaz Energy's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value	=	ROE %	/	PB Ratio
	=	9.03%	/	3.13
	=	2.88%

Frequently Asked Questions Learn more about ROE % Adjusted to Book Value →

What does a ROE % Adjusted to Book Value of 2.88% mean?

Topaz Energy (TPZEF) has a ROE % Adjusted to Book Value of 2.88% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Topaz Energy and its competitors.

Is Topaz Energy's ROE % Adjusted to Book Value too high?

Topaz Energy's current ROE % Adjusted to Book Value is 2.88%. Overall, Topaz Energy has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Topaz Energy's ROE % Adjusted to Book Value compare to WMB and EPD?

Topaz Energy's ROE % Adjusted to Book Value of 2.88% 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 Topaz Energy and its competitors. Topaz Energy's current ROE % Adjusted to Book Value is 2.88%. 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 (TPZEF) is currently considered Fairly Valued. The stock's GF Value™ is $19.45, compared to a current price of $20.96 — trading 7.8% above its estimated fair value. The current ROE % Adjusted to Book Value is 2.88%. Topaz Energy's overall GF Score™ is 86/100 with 3 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 Topaz Energy (TPZEF), the current ROE % Adjusted to Book Value is 2.88% 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 (TPZEF) Overvalued in 2026?

Based on GuruFocus' analysis, Topaz Energy stock appears to be overvalued. The current stock price of $20.96 is trading 7.8% above its estimated GF Value™ of $19.45. GuruFocus considers Topaz Energy to be Fairly Valued.

Key valuation signals for TPZEF:

ROE % Adjusted to Book Value: 2.88%
GF Value™: $19.45 vs. price of $20.96 (7.8% above fair value)
GF Score™: 86/100 with 3 warning signs

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

Topaz Energy Business Description

Industry Energy Oil & Gas

Comparable Companies TSX:GEI TSX:TWM TSXV:ATLE TSXV:SRR TSX:SOBO TSX:KEY TSX:ALA TSX:ENB WMB EPD TSX:TRP KMI ET MPLX TRGP OKE LNG VG CQP TSX:PPL

Other Exchanges 5XU:Germany TPZ:Canada

Address 250 - 6th Avenue SW, Suite 3100, Calgary, AB, CAN, T2P 3H7

Website https://www.topazenergy.ca

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.

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

$20.96

Price

$19.45

GF Value

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