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National Energy Services ReunitedNESR +1.13%65 Equity-to-Asset is 0.50 as of Jun. 2026, which is 11% below its 10-year median of 0.56. GuruFocus rates NESR with a GF Score™ of 65/100 and a GF Value™ of $12.08 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,035 Oil & Gas companies, National Energy Services Reunited ranks better than 51.59% on this metric.
The historical rank and industry rank for National Energy Services Reunited's Equity-to-Asset or its related term are showing as below:
NESR'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.2 Med: 0.56 Max: 0.96
Current: 0.5
During the past 9 years, the highest Equity to Asset Ratio of National Energy Services Reunited was 0.96. The lowest was 0.20. And the median was 0.56.
NESR's Equity-to-Asset is ranked better than 51.59% of 1035
companies
in the Oil & Gas industry
Industry Median: 0.49
vs NESR: 0.50
National Energy Services Reunited (NAS:NESR) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
National Energy Services Reunited Equity-to-Asset Related Terms
National Energy Services Reunited Equity-to-Asset Historical Data
* 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.
National Energy Services Reunited Equity-to-Asset Chart
NESR vs LBRT, WTTR, SEI: Equity-to-Asset Comparison
For the Oil & Gas Equipment & Services subindustry, National Energy Services Reunited's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.
National Energy Services Reunited Equity-to-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, National Energy Services Reunited's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where National Energy Services Reunited's Equity-to-Asset falls into.
National Energy Services Reunited Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
* 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.
National Energy Services Reunited (NESR) has a Equity-to-Asset of 0.50 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on National Energy Services Reunited and its competitors. This is 11% below median its historical median of 0.56. Over the past decade, National Energy Services Reunited's Equity-to-Asset has ranged from 0.20 to 0.96. According to the industry distribution chart, National Energy Services Reunited ranks #501 out of 1035 companies in the Oil & Gas industry, placing it in the top 48.4%.
Is National Energy Services Reunited's Equity-to-Asset too high?
National Energy Services Reunited's current Equity-to-Asset of 0.50 is 11% below median its 10-year median of 0.56. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 0.96. The Oil & Gas industry median Equity-to-Asset is 0.49. National Energy Services Reunited's value of 0.50 is 2% above this industry median. Based on the distribution chart, National Energy Services Reunited ranks #501 out of 1035 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, National Energy Services Reunited has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Energy Services Reunited's Equity-to-Asset compare to LBRT and WTTR?
According to the Oil & Gas industry distribution chart, National Energy Services Reunited ranks #501 out of 1035 companies for Equity-to-Asset. This puts National Energy Services Reunited in the upper half of its industry. The industry median Equity-to-Asset is 0.49. National Energy Services Reunited's value of 0.50 is 2% above this benchmark. Historically, National Energy Services Reunited's own Equity-to-Asset has ranged from 0.20 to 0.96 over the past decade. While the company's 10-year median is 0.56 vs. the industry median of 0.49, National Energy Services Reunited 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 Equity-to-Asset for an Oil & Gas company?
The median Equity-to-Asset among Oil & Gas companies is 0.49, based on 1,035 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Energy Services Reunited's current Equity-to-Asset of 0.50 is 2% 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on National Energy Services Reunited and its competitors. For the Oil & Gas industry, the median Equity-to-Asset is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Energy Services Reunited's current Equity-to-Asset is 0.50, which is 11% below median its own 10-year median of 0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Energy Services Reunited stock overvalued right now?
Based on GuruFocus' analysis, National Energy Services Reunited (NESR) is currently considered Significantly Overvalued. The stock's GF Value™ is $12.08, compared to a current price of $36.30 — trading 200.5% above its estimated fair value. The current Equity-to-Asset is 0.50, which is 11% below median its 10-year median of 0.56 and 2% above the Oil & Gas industry median of 0.49. National Energy Services Reunited's overall GF Score™ is 65/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For National Energy Services Reunited (NESR), the current Equity-to-Asset is 0.50 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 National Energy Services Reunited (NESR) Overvalued in 2026?
Based on GuruFocus' analysis, National Energy Services Reunited stock appears to be overvalued.
The current stock price of $36.30 is trading 200.5% above its estimated GF Value™ of $12.08.
GuruFocus considers National Energy Services Reunited to be Significantly Overvalued.
Key valuation signals for NESR:
Equity-to-Asset: 0.50 (11% below median its 10-year median of 0.56)
GF Value™: $12.08 vs. price of $36.30 (200.5% above fair value)
Industry Position: 2% above the Oil & Gas median (#501 of 1035)
No single metric tells the full story. See the NESR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Energy Services Reunited Corp is an oilfield services provider in the Middle East and North Africa (MENA) region serving oil and natural gas companies. It provides upstream and midstream oilfield services, including hydraulic fracturing, coiled tubing, stimulation and pumping, cementing, as well as drilling and evaluation services such as rigs, directional drilling, drilling and completion fluids, pressure control, and well testing. Its segments are Production Services, which includes services during the completion and production stages of a well's lifecycle and generates maximum revenue, and Drilling and Evaluation Services, which includes services related to drilling operations during the well construction stage. The majority of revenue is generated from the MENA region.
65GF Score
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