Topaz EnergyTSX:TPZ +0.47%88 ROE % is 9.00% as of Mar. 2026, which is 165% above its 10-year median of 3.39. GuruFocus rates TSX:TPZ with a GF Score™ of 88/100 and a GF Value™ of C$27.57 (Fairly Valued). The stock has 6 warning signs investors should review. Among 957 Oil & Gas companies, Topaz Energy ranks better than 66.35% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Topaz Energy's annualized net income for the quarter that ended in Mar. 2026 was C$136.2 Mil. Topaz Energy's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was C$1,512.7 Mil. Therefore, Topaz Energy's annualized ROE % for the quarter that ended in Mar. 2026 was 9.00%.
The historical rank and industry rank for Topaz Energy's ROE % or its related term are showing as below:
TSX:TPZ'
s ROE % Range Over the Past 10 Years
Min: 0.36 Med: 3.39 Max: 11.1
Current: 11.1
During the past 7 years, Topaz Energy's highest ROE % was 11.10%. The lowest was 0.36%. And the median was 3.39%.
TSX:TPZ's ROE % is ranked better than 66.35% of 957
companies
in the Oil & Gas industry
Industry Median: 5.71
vs TSX:TPZ: 11.10
Topaz Energy (TSX:TPZ) 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.
Topaz Energy ROE % Related Terms
Topaz Energy ROE % Historical Data
* Premium members only.
The historical data trend for Topaz 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 Midstream subindustry, Topaz 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.
Topaz Energy ROE % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Topaz Energy's ROE % distribution charts can be found below:
* The bar in red indicates where Topaz 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.
Topaz Energy (TSX:TPZ) has a ROE % of 9.00% 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 Topaz Energy and its competitors. This is 165% above median its historical median of 3.39. Over the past decade, Topaz Energy's ROE % has ranged from 0.36 to 11.10. According to the industry distribution chart, Topaz Energy ranks #322 out of 957 companies in the Oil & Gas industry, placing it in the top 33.6%.
Is Topaz Energy's ROE % too high?
Topaz Energy's current ROE % of 9.00% is 165% above median its 10-year median of 3.39. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 11.10. The Oil & Gas industry median ROE % is 5.71. Topaz Energy's value of 9.00% is 57.6% above this industry median. Based on the distribution chart, Topaz Energy ranks #322 out of 957 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Topaz Energy has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Topaz Energy's ROE % compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, Topaz Energy ranks #322 out of 957 companies for ROE %. This puts Topaz Energy in the upper half of its industry. The industry median ROE % is 5.71. Topaz Energy's value of 9.00% is 57.6% above this benchmark. Historically, Topaz Energy's own ROE % has ranged from 0.36 to 11.10 over the past decade. While the company's 10-year median is 3.39 vs. the industry median of 5.71, Topaz Energy has consistently been above the industry average. 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 5.71, based on 957 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. Topaz Energy's current ROE % of 9.00% is 57.6% above the industry median. 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 Topaz Energy and its competitors. For the Oil & Gas industry, the median ROE % is 5.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Topaz Energy's current ROE % is 9.00%, which is 165% above median its own 10-year median of 3.39. 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 (TSX:TPZ) is currently considered Fairly Valued. The stock's GF Value™ is C$27.57, compared to a current price of C$29.93 — trading 8.6% above its estimated fair value. The current ROE % is 9.00%, which is 165% above median its 10-year median of 3.39 and 57.6% above the Oil & Gas industry median of 5.71. Topaz Energy's overall GF Score™ is 88/100 with 6 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 Topaz Energy (TSX:TPZ), the current ROE % is 9.00% 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 (TSX:TPZ) Overvalued in 2026?
Based on GuruFocus' analysis, Topaz Energy stock appears to be overvalued.
The current stock price of C$29.93 is trading 8.6% above its estimated GF Value™ of C$27.57.
GuruFocus considers Topaz Energy to be Fairly Valued.
Key valuation signals for TSX:TPZ:
ROE %: 9.00% (165% above median its 10-year median of 3.39)
GF Value™: C$27.57 vs. price of C$29.93 (8.6% above fair value)
Industry Position: 57.6% above the Oil & Gas median (#322 of 957)
No single metric tells the full story. See the TSX:TPZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
88GF Score
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