SPH (Suburban Propane Partners LP) ROE %: -9.62% (As of Jun. 2026)

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SPH Suburban Propane Partners LP SPH
62 GF Score
Price $17.71
GF Value $18.24
Valuation Fairly Valued
! 3 Warning Signs
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What is Suburban Propane Partners LP ROE %?

Suburban Propane Partners LP SPH -0.17% 62 ROE % is -9.62% as of Jun. 2026. GuruFocus rates SPH with a GF Score™ of 62/100 and a GF Value™ of $18.24 (Fairly Valued). The stock has 3 warning signs investors should review. Among 503 Utilities - Regulated companies, Suburban Propane Partners LP ranks better than 88.67% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Suburban Propane Partners LP's annualized net income for the quarter that ended in Jun. 2026 was $-70 Mil. Suburban Propane Partners LP's average Total Stockholders Equity over the quarter that ended in Jun. 2026 was $728 Mil. Therefore, Suburban Propane Partners LP's annualized ROE % for the quarter that ended in Jun. 2026 was -9.62%.

The historical rank and industry rank for Suburban Propane Partners LP's ROE % or its related term are showing as below:

SPH' s ROE % Range Over the Past 10 Years
Min: 1.8   Med: 15.21   Max: 31.17
Current: 19.63

During the past 13 years, Suburban Propane Partners LP's highest ROE % was 31.17%. The lowest was 1.80%. And the median was 15.21%.

SPH's ROE % is ranked better than
88.67% of 503 companies
in the Utilities - Regulated industry
Industry Median: 8.77 vs SPH: 19.63

Suburban Propane Partners LP  (NYSE:SPH) 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:

ROE %(Q: Jun. 2026 )
=Net Income/Total Stockholders Equity
=-70.108/728.462
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-70.108 / 1045.516)*(1045.516 / 2391.3615)*(2391.3615 / 728.462)
=Net Margin %*Asset Turnover*Equity Multiplier
=-6.71 %*0.4372*3.2828
=ROA %*Equity Multiplier
=-2.93 %*3.2828
=-9.62 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Jun. 2026 )
=Net Income/Total Stockholders Equity
=-70.108/728.462
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-70.108 / -69.38) * (-69.38 / 8.896) * (8.896 / 1045.516) * (1045.516 / 2391.3615) * (2391.3615 / 728.462)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1.0105 * -7.799 * 0.85 % * 0.4372 * 3.2828
=-9.62 %

Note: The net income data used here is four times the quarterly (Jun. 2026) net income data. The Revenue data used here is four times the quarterly (Jun. 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.


Suburban Propane Partners LP ROE % Related Terms


Suburban Propane Partners LP ROE % Historical Data

* Premium members only.

The historical data trend for Suburban Propane Partners LP'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.

Suburban Propane Partners LP ROE % Chart

Suburban Propane Partners LP Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.17 30.27 23.71 13.57 18.60

Suburban Propane Partners LP Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
ROE % 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 -9.01 -22.58 29.90 80.31 -9.62

SPH vs NWN, RGCO, OPAL: ROE % Comparison

For the Utilities - Regulated Gas subindustry, Suburban Propane Partners LP'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.


Suburban Propane Partners LP ROE % vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Suburban Propane Partners LP's ROE % distribution charts can be found below:

* The bar in red indicates where Suburban Propane Partners LP's ROE % falls into.


SPH
62GF Score
Suburban Propane Partners LP SPH
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Suburban Propane Partners LP ROE % Calculation

Suburban Propane Partners LP's annualized ROE % for the fiscal year that ended in Sep. 2025 is calculated as

ROE %=Net Income (A: Sep. 2025 )/( (Total Stockholders Equity (A: Sep. 2024 )+Total Stockholders Equity (A: Sep. 2025 ))/ count )
=106.57/( (547.06+598.571)/ 2 )
=106.57/572.8155
=18.60 %

Suburban Propane Partners LP's annualized ROE % for the quarter that ended in Jun. 2026 is calculated as

ROE %=Net Income (Q: Jun. 2026 )/( (Total Stockholders Equity (Q: Mar. 2026 )+Total Stockholders Equity (Q: Jun. 2026 ))/ count )
=-70.108/( (743.902+713.022)/ 2 )
=-70.108/728.462
=-9.62 %

* 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 (Jun. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of -9.62% mean?
Suburban Propane Partners LP (SPH) has a ROE % of -9.62% as of Jun. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Suburban Propane Partners LP and its competitors. Over the past decade, Suburban Propane Partners LP's ROE % has ranged from 1.80 to 31.17. According to the industry distribution chart, Suburban Propane Partners LP ranks #57 out of 503 companies in the Utilities - Regulated industry, placing it in the top 11.3%.
Is Suburban Propane Partners LP's ROE % too high?
Suburban Propane Partners LP's current ROE % is -9.62%. Over the past 10 years, this metric has ranged from a low of 1.80 to a high of 31.17. Based on the distribution chart, Suburban Propane Partners LP ranks #57 out of 503 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Suburban Propane Partners LP has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Suburban Propane Partners LP's ROE % compare to NWN and RGCO?
According to the Utilities - Regulated industry distribution chart, Suburban Propane Partners LP ranks #57 out of 503 companies for ROE %. This places Suburban Propane Partners LP in the top 11% of its industry — outperforming the majority of peers. The industry median ROE % is 8.77. Historically, Suburban Propane Partners LP's own ROE % has ranged from 1.80 to 31.17 over the past decade. 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 Utilities - Regulated company?
The median ROE % among Utilities - Regulated companies is 8.77, based on 503 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 Suburban Propane Partners LP and its competitors. For the Utilities - Regulated industry, the median ROE % is 8.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Suburban Propane Partners LP's current ROE % is -9.62%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Suburban Propane Partners LP stock overvalued right now?
Based on GuruFocus' analysis, Suburban Propane Partners LP (SPH) is currently considered Fairly Valued. The stock's GF Value™ is $18.24, compared to a current price of $17.71 — trading 2.9% below its estimated fair value. The current ROE % is -9.62%. Suburban Propane Partners LP's overall GF Score™ is 62/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Suburban Propane Partners LP (SPH), the current ROE % is -9.62% as of Jun. 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 Suburban Propane Partners LP (SPH) Overvalued in 2026?

Based on GuruFocus' analysis, Suburban Propane Partners LP stock appears to be undervalued. The current stock price of $17.71 is trading 2.9% below its estimated GF Value™ of $18.24. GuruFocus considers Suburban Propane Partners LP to be Fairly Valued.

Key valuation signals for SPH:

  • ROE %: -9.62%
  • GF Value™: $18.24 vs. price of $17.71 (2.9% below fair value)
  • GF Score™: 62/100 with 3 warning signs

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


Suburban Propane Partners LP Business Description

Address 240 Route 10 West, Whippany, NJ, USA, 07981
Suburban Propane Partners LP distributes propane, renewable propane, renewable natural gas (RNG), fuel oil, refined fuels, and markets natural gas and electricity in deregulated markets. It produces and invests in low-carbon fuel alternatives. The company installs and services home comfort heating and ventilation equipment and distributes fuel oil, kerosene, diesel, and gasoline to about 25,000 residential and commercial customers mainly in the U.S. northeast. It operates three segments: Propane, Fuel Oil and Refined Fuels, and Natural Gas and Electricity, with the Propane segment generating the majority of revenue. Propane, a by-product of natural gas processing and petroleum refining, is a clean-burning energy source known for transportability and ease of use.
62GF Score

Get the complete analysis for SPH

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

$17.71
Price
$18.24
GF Value