Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Patterson-UTI EnergySTU:PE1 +3.39%66 Current Ratio is 1.84 as of Mar. 2026, which is 15% above its 10-year median of 1.60. GuruFocus rates STU:PE1 with a GF Score™ of 66/100 and a GF Value™ of €7.03 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,012 Oil & Gas companies, Patterson-UTI Energy ranks better than 64.53% on this metric.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Patterson-UTI Energy's current ratio for the quarter that ended in Mar. 2026 was 1.84.
Patterson-UTI Energy has a current ratio of 1.84. It generally indicates good short-term financial strength.
The historical rank and industry rank for Patterson-UTI Energy's Current Ratio or its related term are showing as below:
STU:PE1'
s Current Ratio Range Over the Past 10 Years
Min: 0.93 Med: 1.6 Max: 2.48
Current: 1.84
During the past 13 years, Patterson-UTI Energy's highest Current Ratio was 2.48. The lowest was 0.93. And the median was 1.60.
STU:PE1's Current Ratio is ranked better than 64.53% of 1012
companies
in the Oil & Gas industry
Industry Median: 1.35
vs STU:PE1: 1.84
Patterson-UTI Energy (STU:PE1) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Patterson-UTI Energy Current Ratio Related Terms
Patterson-UTI Energy Current Ratio Historical Data
* Premium members only.
The historical data trend for Patterson-UTI Energy's Current Ratio 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.
STU:PE1 vs HP, SDRL, VAL: Current Ratio Comparison
For the Oil & Gas Drilling subindustry, Patterson-UTI Energy's Current Ratio, along with its competitors' market caps and Current Ratio 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.
Patterson-UTI Energy Current Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Patterson-UTI Energy's Current Ratio distribution charts can be found below:
* The bar in red indicates where Patterson-UTI Energy's Current Ratio 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.
Patterson-UTI Energy (STU:PE1) has a Current Ratio of 1.84 as of Mar. 2026. This is 15% above median its historical median of 1.60. Over the past decade, Patterson-UTI Energy's Current Ratio has ranged from 0.93 to 2.48. According to the industry distribution chart, Patterson-UTI Energy ranks #359 out of 1012 companies in the Oil & Gas industry, placing it in the top 35.5%.
Is Patterson-UTI Energy's Current Ratio too high?
Patterson-UTI Energy's current Current Ratio of 1.84 is 15% above median its 10-year median of 1.60. Over the past 10 years, this metric has ranged from a low of 0.93 to a high of 2.48. The Oil & Gas industry median Current Ratio is 1.35. Patterson-UTI Energy's value of 1.84 is 36.3% above this industry median. Based on the distribution chart, Patterson-UTI Energy ranks #359 out of 1012 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Patterson-UTI Energy has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Patterson-UTI Energy's Current Ratio compare to HP and SDRL?
According to the Oil & Gas industry distribution chart, Patterson-UTI Energy ranks #359 out of 1012 companies for Current Ratio. This puts Patterson-UTI Energy in the upper half of its industry. The industry median Current Ratio is 1.35. Patterson-UTI Energy's value of 1.84 is 36.3% above this benchmark. Historically, Patterson-UTI Energy's own Current Ratio has ranged from 0.93 to 2.48 over the past decade. While the company's 10-year median is 1.60 vs. the industry median of 1.35, Patterson-UTI 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 Current Ratio for an Oil & Gas company?
The median Current Ratio among Oil & Gas companies is 1.35, based on 1,012 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Patterson-UTI Energy's current Current Ratio of 1.84 is 36.3% 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 Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median Current Ratio is 1.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Patterson-UTI Energy's current Current Ratio is 1.84, which is 15% above median its own 10-year median of 1.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Patterson-UTI Energy stock overvalued right now?
Based on GuruFocus' analysis, Patterson-UTI Energy (STU:PE1) is currently considered Modestly Overvalued. The stock's GF Value™ is €7.03, compared to a current price of €8.60 — trading 22.3% above its estimated fair value. The current Current Ratio is 1.84, which is 15% above median its 10-year median of 1.60 and 36.3% above the Oil & Gas industry median of 1.35. Patterson-UTI Energy's overall GF Score™ is 66/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Patterson-UTI Energy (STU:PE1), the current Current Ratio is 1.84 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 Patterson-UTI Energy (STU:PE1) Overvalued in 2026?
Based on GuruFocus' analysis, Patterson-UTI Energy stock appears to be overvalued.
The current stock price of €8.60 is trading 22.3% above its estimated GF Value™ of €7.03.
GuruFocus considers Patterson-UTI Energy to be Modestly Overvalued.
Key valuation signals for STU:PE1:
Current Ratio: 1.84 (15% above median its 10-year median of 1.60)
GF Value™: €7.03 vs. price of €8.60 (22.3% above fair value)
Industry Position: 36.3% above the Oil & Gas median (#359 of 1012)
No single metric tells the full story. See the STU:PE1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Patterson-UTI Energy Inc is a Texas based provider of drilling and completion services to oil and natural gas exploration and production companies, offering contract drilling, integrated well completion, directional drilling services, and specialized drill bit solutions. The Company operates through three segments: Drilling Services, Completion Services, and Drilling Products. Drilling Services includes contract and directional drilling, Completion Services generates maximum revenue and includes hydraulic fracturing and related support services, and Drilling Products includes the manufacturing and distribution of drill bits. The Company operates in the United States, Canada, Colombia, and Other Countries, with the majority of revenue coming from the United States.
66GF Score
Get the complete analysis for STU:PE1
Current Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
STU:PE1 has been successfully added to your 
