RGC Resources Inc (RGCO) - Net Assets
Based on the latest financial reports, RGC Resources Inc (RGCO) has net assets worth $116.43 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($341.04 Million) and total liabilities ($224.61 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check RGC Resources Inc (RGCO) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $116.43 Million |
| % of Total Assets | 34.14% |
| Annual Growth Rate | 6.44% |
| 5-Year Change | 13.89% |
| 10-Year Change | 103.99% |
| Growth Volatility | 7.13 |
RGC Resources Inc - Net Assets Trend (1994–2025)
This chart illustrates how RGC Resources Inc's net assets have evolved over time, based on quarterly financial data. Also explore how large is RGC Resources Inc's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for RGC Resources Inc (1994–2025)
The table below shows the annual net assets of RGC Resources Inc from 1994 to 2025. For live valuation and market cap data, see RGC Resources Inc (RGCO) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $113.55 Million | +5.01% |
| 2024-09-30 | $108.14 Million | +7.35% |
| 2023-09-30 | $100.73 Million | +8.21% |
| 2022-09-30 | $93.09 Million | -6.63% |
| 2021-09-30 | $99.70 Million | +12.17% |
| 2020-09-30 | $88.89 Million | +6.97% |
| 2019-09-30 | $83.10 Million | +4.41% |
| 2018-09-30 | $79.58 Million | +32.55% |
| 2017-09-30 | $60.04 Million | +7.86% |
| 2016-09-30 | $55.67 Million | +5.35% |
| 2015-09-30 | $52.84 Million | +1.58% |
| 2014-09-30 | $52.02 Million | +5.09% |
| 2013-09-30 | $49.50 Million | -2.33% |
| 2012-09-30 | $50.68 Million | +3.89% |
| 2011-09-30 | $48.79 Million | +5.35% |
| 2010-09-30 | $46.31 Million | +3.37% |
| 2009-09-30 | $44.80 Million | +2.46% |
| 2008-09-30 | $43.72 Million | +3.21% |
| 2007-09-30 | $42.37 Million | +4.62% |
| 2006-09-30 | $40.49 Million | +6.13% |
| 2005-09-30 | $38.16 Million | +4.19% |
| 2004-09-30 | $36.62 Million | +8.16% |
| 2003-09-30 | $33.86 Million | +5.58% |
| 2002-09-30 | $32.07 Million | +4.37% |
| 2001-09-30 | $30.73 Million | +2.47% |
| 2000-09-30 | $29.99 Million | +6.33% |
| 1999-09-30 | $28.20 Million | +6.42% |
| 1998-09-30 | $26.50 Million | +28.64% |
| 1997-09-30 | $20.60 Million | +8.42% |
| 1996-09-30 | $19.00 Million | +7.95% |
| 1995-09-30 | $17.60 Million | +7.32% |
| 1994-09-30 | $16.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to RGC Resources Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 108.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $12.29 Million | 10.82% |
| Common Stock | $51.69 Million | 45.52% |
| Other Comprehensive Income | $261.73K | 0.23% |
| Other Components | $49.31 Million | 43.43% |
| Total Equity | $113.55 Million | 100.00% |
RGC Resources Inc Competitors by Market Cap
The table below lists competitors of RGC Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LF Capital Acquisition Corp. II Units
NASDAQ:LFACU
|
$227.28 Million |
|
RF Capital Group Inc
TO:RCG
|
$227.36 Million |
|
Stellar V Capital Corp. Unit
NASDAQ:SVCCU
|
$227.39 Million |
|
Young Optics Inc
TW:3504
|
$227.47 Million |
|
E-Lead Electronic Co Ltd
TW:2497
|
$227.21 Million |
|
Copper Fox Metals Inc.
V:CUU
|
$227.17 Million |
|
STP&I Public Company Limited
BK:STPI
|
$227.08 Million |
|
ThinTech Materials Technology Co Ltd
TWO:3663
|
$226.97 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in RGC Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 108,136,775 to 113,552,790, a change of 5,416,015 (5.0%).
- Net income of 13,279,970 contributed positively to equity growth.
- Dividend payments of 8,469,105 reduced retained earnings.
- New share issuances of 1,765,261 increased equity.
- Other comprehensive income decreased equity by 1,064,839.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $13.28 Million | +11.69% |
| Dividends Paid | $8.47 Million | -7.46% |
| Share Issuances | $1.77 Million | +1.55% |
| Other Comprehensive Income | $-1.06 Million | -0.94% |
| Other Changes | $-95.27K | -0.08% |
| Total Change | $- | 5.01% |
Book Value vs Market Value Analysis
This analysis compares RGC Resources Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.22x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 6.07x to 2.22x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-09-30 | $4.02 | $24.40 | x |
| 1995-09-30 | $4.11 | $24.40 | x |
| 1996-09-30 | $4.35 | $24.40 | x |
| 1997-09-30 | $4.60 | $24.40 | x |
| 1998-09-30 | $5.18 | $24.40 | x |
| 1999-09-30 | $5.17 | $24.40 | x |
| 2000-09-30 | $5.36 | $24.40 | x |
| 2001-09-30 | $5.39 | $24.40 | x |
| 2002-09-30 | $5.51 | $24.40 | x |
| 2003-09-30 | $5.69 | $24.40 | x |
| 2004-09-30 | $5.97 | $24.40 | x |
| 2005-09-30 | $6.09 | $24.40 | x |
| 2006-09-30 | $6.34 | $24.40 | x |
| 2007-09-30 | $6.50 | $24.40 | x |
| 2008-09-30 | $6.59 | $24.40 | x |
| 2009-09-30 | $6.69 | $24.40 | x |
| 2010-09-30 | $6.82 | $24.40 | x |
| 2011-09-30 | $7.07 | $24.40 | x |
| 2012-09-30 | $7.26 | $24.40 | x |
| 2013-09-30 | $7.02 | $24.40 | x |
| 2014-09-30 | $7.35 | $24.40 | x |
| 2015-09-30 | $7.44 | $24.40 | x |
| 2016-09-30 | $7.77 | $24.40 | x |
| 2017-09-30 | $8.27 | $24.40 | x |
| 2018-09-30 | $10.34 | $24.40 | x |
| 2019-09-30 | $10.29 | $24.40 | x |
| 2020-09-30 | $10.91 | $24.40 | x |
| 2021-09-30 | $12.06 | $24.40 | x |
| 2022-09-30 | $10.20 | $24.40 | x |
| 2023-09-30 | $10.15 | $24.40 | x |
| 2024-09-30 | $10.65 | $24.40 | x |
| 2025-09-30 | $11.02 | $24.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently RGC Resources Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.69%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.93%
- • Asset Turnover: 0.29x
- • Equity Multiplier: 2.90x
- Recent ROE (11.69%) is above the historical average (9.33%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 10.37% | 2.92% | 1.17x | 3.02x | $60.00K |
| 1995 | 10.23% | 3.70% | 0.94x | 2.93x | $40.00K |
| 1996 | 11.58% | 3.34% | 1.12x | 3.10x | $300.00K |
| 1997 | 11.17% | 3.54% | 1.04x | 3.04x | $240.00K |
| 1998 | 10.19% | 4.55% | 0.86x | 2.61x | $50.00K |
| 1999 | 10.28% | 5.08% | 0.73x | 2.76x | $80.00K |
| 2000 | 9.58% | 3.70% | 0.89x | 2.91x | $-124.89K |
| 2001 | 7.28% | 1.91% | 1.26x | 3.05x | $-834.71K |
| 2002 | 7.75% | 3.10% | 0.87x | 2.88x | $-720.00K |
| 2003 | 10.42% | 3.38% | 1.04x | 2.97x | $142.63K |
| 2004 | 35.32% | 12.54% | 0.90x | 3.14x | $9.27 Million |
| 2005 | 9.19% | 2.88% | 1.07x | 2.98x | $-308.83K |
| 2006 | 8.67% | 3.26% | 0.94x | 2.83x | $-537.96K |
| 2007 | 8.98% | 4.23% | 0.77x | 2.75x | $-430.31K |
| 2008 | 9.65% | 4.46% | 0.80x | 2.70x | $-151.17K |
| 2009 | 10.87% | 5.92% | 0.69x | 2.65x | $389.02K |
| 2010 | 9.60% | 6.02% | 0.61x | 2.61x | $-185.54K |
| 2011 | 9.54% | 6.57% | 0.56x | 2.57x | $-225.10K |
| 2012 | 8.48% | 7.31% | 0.45x | 2.56x | $-771.55K |
| 2013 | 8.61% | 6.74% | 0.51x | 2.52x | $-688.19K |
| 2014 | 9.05% | 6.28% | 0.54x | 2.68x | $-493.64K |
| 2015 | 9.64% | 7.47% | 0.46x | 2.80x | $-189.68K |
| 2016 | 10.43% | 9.83% | 0.36x | 2.97x | $240.16K |
| 2017 | 10.38% | 10.01% | 0.34x | 3.05x | $228.82K |
| 2018 | 9.17% | 11.13% | 0.30x | 2.76x | $-661.11K |
| 2019 | 10.47% | 12.79% | 0.26x | 3.11x | $388.77K |
| 2020 | 11.66% | 15.11% | 0.24x | 3.17x | $1.48 Million |
| 2021 | 10.13% | 13.44% | 0.24x | 3.11x | $131.89K |
| 2022 | -34.09% | -37.70% | 0.29x | 3.12x | $-41.04 Million |
| 2023 | 11.22% | 11.60% | 0.32x | 3.02x | $1.23 Million |
| 2024 | 10.88% | 13.89% | 0.26x | 2.97x | $947.22K |
| 2025 | 11.69% | 13.93% | 0.29x | 2.90x | $1.92 Million |
Industry Comparison
This section compares RGC Resources Inc's net assets metrics with peer companies in the Utilities - Regulated Gas industry.
Industry Context
- Industry: Utilities - Regulated Gas
- Average net assets among peers: $1,320,924,700
- Average return on equity (ROE) among peers: 8.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| RGC Resources Inc (RGCO) | $116.43 Million | 10.37% | 1.93x | $227.22 Million |
| Atmos Energy Corporation (ATO) | $5.75 Billion | 8.89% | 1.32x | $31.19 Billion |
| Brookfield Infrastructure Corp (BIPC) | $-1.42 Billion | 0.00% | 0.00x | $4.45 Billion |
| Black Hills Corporation (BKH) | $175.40 Million | 13.57% | 1.49x | $5.29 Billion |
| Chesapeake Utilities Corporation (CPK) | $561.58 Million | 11.60% | 2.18x | $3.00 Billion |
| Centuri Holdings, Inc. (CTRI) | $676.33 Million | 5.99% | 2.80x | $3.04 Billion |
| MDU Resources Group Inc (MDU) | $403.00 Million | 13.55% | 1.76x | $4.40 Billion |
| NiSource Inc (NI) | $3.55 Billion | 4.42% | 4.55x | $21.94 Billion |
| NewJersey Resources Corporation (NJR) | $1.18 Billion | 11.21% | 2.17x | $5.65 Billion |
| Northwest Natural Gas Co (NWN) | $502.16 Million | 9.99% | 1.86x | $2.14 Billion |
| One Gas Inc (OGS) | $1.84 Billion | 6.46% | 1.52x | $5.13 Billion |
About RGC Resources Inc
RGC Resources, Inc., through its subsidiaries, operates as an energy services company. It sells and distributes natural gas to residential, commercial, and industrial customers in Roanoke, Virginia, and the surrounding localities. It operates approximately 1,184 miles of transmission and distribution pipeline; and a liquefied natural gas storage facility, as well as owns and operates eleven meter… Read more