United States Gasoline Fund, LP (UGA) stock analysis
Close on Nov 11, 2026Market cap $150.63MP/E –Yield –
StockData Score
Prices as of Nov 11, 2026How the score works
Mixed9 of 30 checks passed
United States Gasoline Fund, LP passes 9 of the 30 checks behind our score; 20 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 1/6
- Growth
- 1/6
- Past performance
- 2/6
- Financial health
- 5/6
- Dividend
- 0/6
What stands out
No debt
United States Gasoline Fund, LP has no borrowings on its latest balance sheet.
Interest well covered
No meaningful interest expense to cover.
Debt covered by cash flow
There is no debt to cover.
Low bankruptcy risk
The Altman Z-score is 295.77; above 3 is the safe zone and below 1.8 the distress zone.
What to watch
No dividend
United States Gasoline Fund, LP has not paid a dividend in the last twelve months.
Valuation1/6
P/E against its history
Not enough price and earnings history to compare.
P/E against the industry
Needs positive earnings and enough profitable companies in the industry.
EV/EBITDA against its history
Needs positive EBITDA and price history.
P/S below the industry
United States Gasoline Fund, LP's price-to-sales of 1.47 is below the Commodity Contracts Brokers and Dealers median of 3.18 (book value is negative, so we use sales).
Price against fair value
We could not estimate a fair value: it needs at least two valuation methods with positive inputs.
Margin of safety
Depends on the fair value estimate.
Growth1/6
Revenue growth over 3 years
Needs three years of positive revenue.
EPS growth over 3 years
Needs positive EPS three years ago and today.
Earnings acceleration
Needs positive net income now, a year ago and five years ago.
Growing faster than the industry
Revenue grew 992% over the last twelve months; the Commodity Contracts Brokers and Dealers median is 3.8%.
Company guidance
No outlook found in earnings releases from the last twelve months.
Gross margin trend
This company does not report gross profit.
Past performance2/6
Return on equity
Needs positive equity and five years of results.
Return on invested capital
Needs operating income and invested capital.
Return on equity against the industry
Needs positive equity.
Earnings over 5 years
Needs positive net income five years ago and in the latest year.
Net margin above its 5-year average
Net margin was 98.9% over the last twelve months, against a 5-year average of 79.3%.
Net margin above the industry
United States Gasoline Fund, LP's net margin of 98.9% is above the Commodity Contracts Brokers and Dealers median of 71.2%.
Financial health5/6
No debt
United States Gasoline Fund, LP has no borrowings on its latest balance sheet.
Debt not rising
With no debt today, leverage cannot have risen.
Debt covered by cash flow
There is no debt to cover.
Interest well covered
No meaningful interest expense to cover.
Short-term liquidity
The balance sheet is not split into current and non-current items.
Low bankruptcy risk
The Altman Z-score is 295.77; above 3 is the safe zone and below 1.8 the distress zone.
Dividend0/6
No dividend
United States Gasoline Fund, LP has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.
Fair value
How we estimate itWe don't publish a fair value for United States Gasoline Fund, LP. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Medium risk
- Average value traded per day
- $7.36M
- Value traded per 1% price move
- $2.32M
Downside
Medium risk
- Typical loss in a bad month
- 15.3%
- Volatility (annualized)
- 41%
- Sharpe ratio, 1 year
- 1.78
- Beta to the S&P 500 (5Y)
- 0.23
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2011 to 2025
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on assets | 7.0% | 76.4% | -4.4% |
Cash use needs five years of cash flow figures
United States Gasoline Fund, LP does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont needs revenue, assets and equity
This company does not report all three for consecutive years.
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero-$3.92M
- Cash generatingOperating cash flow above zero-$1.76M
- Return on assets improvedROA up on the prior year6.6% → -3.9%
- Earnings backed by cashOperating cash flow above net income-$1.76M vs -$3.92M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise– → –
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.08 → -0.03
See a number that looks wrong?