Comet RidgeASX:COI +1.01% ROE % is -5.30% as of Dec. 2025. The stock has 1 warning sign investors should review. Among 960 Oil & Gas companies, Comet Ridge ranks worse than 72.08% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Comet Ridge's annualized net income for the quarter that ended in Dec. 2025 was A$-4.20 Mil. Comet Ridge's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was A$79.27 Mil. Therefore, Comet Ridge's annualized ROE % for the quarter that ended in Dec. 2025 was -5.30%.
The historical rank and industry rank for Comet Ridge's ROE % or its related term are showing as below:
ASX:COI'
s ROE % Range Over the Past 10 Years
Min: -18.41 Med: -11.73 Max: -3.23
Current: -4.2
During the past 13 years, Comet Ridge's highest ROE % was -3.23%. The lowest was -18.41%. And the median was -11.73%.
ASX:COI's ROE % is ranked worse than 72.08% of 960
companies
in the Oil & Gas industry
Industry Median: 5.795
vs ASX:COI: -4.20
Comet Ridge (ASX:COI) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Comet Ridge ROE % Related Terms
Comet Ridge ROE % Historical Data
* Premium members only.
The historical data trend for Comet Ridge's ROE % 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 E&P subindustry, Comet Ridge's ROE %, along with its competitors' market caps and ROE % 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.
Comet Ridge ROE % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Comet Ridge's ROE % distribution charts can be found below:
* The bar in red indicates where Comet Ridge's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Dec. 2025) net income data.
ROE % is displayed in the 30-year financial page.
Comet Ridge (ASX:COI) has a ROE % of -5.30% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Comet Ridge and its competitors. According to the industry distribution chart, Comet Ridge ranks #692 out of 960 companies in the Oil & Gas industry, placing it in the top 72.1%.
Is Comet Ridge's ROE % too high?
Comet Ridge's current ROE % is -5.30%. Based on the distribution chart, Comet Ridge ranks #692 out of 960 companies in the Oil & Gas industry, which is below the industry midpoint.
How does Comet Ridge's ROE % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Comet Ridge ranks #692 out of 960 companies for ROE %. This places Comet Ridge in the lower half of its industry. The industry median ROE % is 5.80. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for an Oil & Gas company?
The median ROE % among Oil & Gas companies is 5.80, based on 960 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % 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 % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Comet Ridge and its competitors. For the Oil & Gas industry, the median ROE % is 5.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Comet Ridge's current ROE % is -5.30%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Comet Ridge stock overvalued right now?
Comet Ridge (ASX:COI) has a current ROE % of -5.30%. The current ROE % is -5.30%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Comet Ridge (ASX:COI), the current ROE % is -5.30% 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.
Comet Ridge Ltd is an Australian energy company focused on the development of natural gas for the supply-constrained east coast Australian market. It has tenement interests and a suite of prospective projects in Queensland. The company's flagship Mahalo Gas Hub area (Mahalo Gas Project) consists of high-quality natural gas resources with low CO2 and competitive production costs. The Mahalo Gas Hub contains gross 2P (Reserves) and 2C (Contingent Resources) of 676 Petajoules close to the Gladstone LNG export and domestic market precinct, as well as gas transport infrastructure. Additionally, the company also holds various permits in the eastern part of the Galilee Basin, and an exploration licence (PEL 427), in the northern Gunnedah Basin, New South Wales.
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