ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Tenaz Energy's annualized net income for the quarter that ended in Mar. 2026 was $-323.9 Mil. Tenaz Energy's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was $278.1 Mil. Therefore, Tenaz Energy's annualized ROE % for the quarter that ended in Mar. 2026 was -116.43%.
The historical rank and industry rank for Tenaz Energy's ROE % or its related term are showing as below:
ATUUF'
s ROE % Range Over the Past 10 Years
Min: -52.92 Med: 5.91 Max: 119.05
Current: 72.3
During the past 13 years, Tenaz Energy's highest ROE % was 119.05%. The lowest was -52.92%. And the median was 5.91%.
ATUUF's ROE % is ranked better than 96.87% of 960
companies
in the Oil & Gas industry
Industry Median: 5.795
vs ATUUF: 72.30
Tenaz Energy (OTCPK:ATUUF) 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 four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) 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.
Tenaz Energy ROE % Related Terms
Tenaz Energy ROE % Historical Data
* Premium members only.
The historical data trend for Tenaz Energy'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, Tenaz Energy'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.
Tenaz Energy ROE % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Tenaz Energy's ROE % distribution charts can be found below:
* The bar in red indicates where Tenaz Energy'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 four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Tenaz Energy (ATUUF) has a ROE % of -116.43% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Tenaz Energy and its competitors. According to the industry distribution chart, Tenaz Energy ranks #30 out of 960 companies in the Oil & Gas industry, placing it in the top 3.1%.
Is Tenaz Energy's ROE % too high?
Tenaz Energy's current ROE % is -116.43%. Based on the distribution chart, Tenaz Energy ranks #30 out of 960 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Tenaz Energy has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tenaz Energy's ROE % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Tenaz Energy ranks #30 out of 960 companies for ROE %. This places Tenaz Energy in the top 3% of its industry — outperforming the majority of peers. 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 Tenaz Energy 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. Tenaz Energy's current ROE % is -116.43%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tenaz Energy stock overvalued right now?
Based on GuruFocus' analysis, Tenaz Energy (ATUUF) is currently considered Modestly Undervalued. The stock's GF Value™ is $45.27, compared to a current price of $32.90 — trading 27.3% below its estimated fair value. The current ROE % is -116.43%. Tenaz Energy's overall GF Score™ is 69/100 with 10 warning signs to review. 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 Tenaz Energy (ATUUF), the current ROE % is -116.43% 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 Tenaz Energy (ATUUF) Overvalued in 2026?
Based on GuruFocus' analysis, Tenaz Energy stock appears to be undervalued.
The current stock price of $32.90 is trading 27.3% below its estimated GF Value™ of $45.27.
GuruFocus considers Tenaz Energy to be Modestly Undervalued.
Key valuation signals for ATUUF:
ROE %: -116.43%
GF Value™: $45.27 vs. price of $32.90 (27.3% below fair value)
No single metric tells the full story. See the ATUUF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tenaz Energy Corp is an energy company focused on the acquisition and sustainable development of international oil and gas assets capable of returning free cash flow to shareholders. Tenaz has domestic operations in Canada along with offshore natural gas and midstream assets in the Netherlands. The group produces crude oil and natural gas from several formations within the Mannville Group at Leduc-Woodbend in central Alberta. It has two operating segments Canadian business unit and the Netherlands business unit, and it derives revenue from the sale of petroleum and natural gas products such as heavy crude oil, light crude and medium crude oil, natural gas, and natural gas liquids of which key revenue is derived from the sale of heavy crude oil.
69GF Score
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