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Precision DrillingTSX:PD +2.16%80 Equity-to-Asset is 0.59 as of Jun. 2026, which is 26% above its 10-year median of 0.47. GuruFocus rates TSX:PD with a GF Score™ of 80/100 and a GF Value™ of C$98.60 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,027 Oil & Gas companies, Precision Drilling ranks better than 63.68% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Precision Drilling's Total Stockholders Equity for the quarter that ended in Jun. 2026 was C$1,601 Mil. Precision Drilling's Total Assets for the quarter that ended in Jun. 2026 was C$2,727 Mil.
Therefore, Precision Drilling's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.59.
The historical rank and industry rank for Precision Drilling's Equity-to-Asset or its related term are showing as below:
TSX:PD'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.42 Med: 0.47 Max: 0.61
Current: 0.59
During the past 13 years, the highest Equity to Asset Ratio of Precision Drilling was 0.61. The lowest was 0.42. And the median was 0.47.
TSX:PD's Equity-to-Asset is ranked better than 63.68% of 1027
companies
in the Oil & Gas industry
Industry Median: 0.49
vs TSX:PD: 0.59
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%.
Precision Drilling Equity-to-Asset Related Terms
Precision Drilling Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Precision Drilling's Equity-to-Asset 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.
TSX:PD vs NE, RIG, VAL: Equity-to-Asset Comparison
For the Oil & Gas Drilling subindustry, Precision Drilling'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.
Precision Drilling Equity-to-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Precision Drilling's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Precision Drilling's Equity-to-Asset falls into.
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.
Precision Drilling's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Precision Drilling (TSX:PD) has a Equity-to-Asset of 0.59 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Precision Drilling and its competitors. This is 26% above median its historical median of 0.47. Over the past decade, Precision Drilling's Equity-to-Asset has ranged from 0.42 to 0.61. According to the industry distribution chart, Precision Drilling ranks #373 out of 1027 companies in the Oil & Gas industry, placing it in the top 36.3%.
Is Precision Drilling's Equity-to-Asset too high?
Precision Drilling's current Equity-to-Asset of 0.59 is 26% above median its 10-year median of 0.47. Over the past 10 years, this metric has ranged from a low of 0.42 to a high of 0.61. The Oil & Gas industry median Equity-to-Asset is 0.49. Precision Drilling's value of 0.59 is 20.4% above this industry median. Based on the distribution chart, Precision Drilling ranks #373 out of 1027 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Precision Drilling has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Precision Drilling's Equity-to-Asset compare to NE and RIG?
According to the Oil & Gas industry distribution chart, Precision Drilling ranks #373 out of 1027 companies for Equity-to-Asset. This puts Precision Drilling in the upper half of its industry. The industry median Equity-to-Asset is 0.49. Precision Drilling's value of 0.59 is 20.4% above this benchmark. Historically, Precision Drilling's own Equity-to-Asset has ranged from 0.42 to 0.61 over the past decade. While the company's 10-year median is 0.47 vs. the industry median of 0.49, Precision Drilling 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 1,027 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. Precision Drilling's current Equity-to-Asset of 0.59 is 20.4% 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 Precision Drilling 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. Precision Drilling's current Equity-to-Asset is 0.59, which is 26% above median its own 10-year median of 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Precision Drilling stock overvalued right now?
Based on GuruFocus' analysis, Precision Drilling (TSX:PD) is currently considered Modestly Overvalued. The stock's GF Value™ is C$98.60, compared to a current price of C$109.00 — trading 10.5% above its estimated fair value. The current Equity-to-Asset is 0.59, which is 26% above median its 10-year median of 0.47 and 20.4% above the Oil & Gas industry median of 0.49. Precision Drilling's overall GF Score™ is 80/100 with 1 warning sign 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 Precision Drilling (TSX:PD), the current Equity-to-Asset is 0.59 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 Precision Drilling (TSX:PD) Overvalued in 2026?
Based on GuruFocus' analysis, Precision Drilling stock appears to be overvalued.
The current stock price of C$109.00 is trading 10.5% above its estimated GF Value™ of C$98.60.
GuruFocus considers Precision Drilling to be Modestly Overvalued.
Key valuation signals for TSX:PD:
Equity-to-Asset: 0.59 (26% above median its 10-year median of 0.47)
GF Value™: C$98.60 vs. price of C$109.00 (10.5% above fair value)
Industry Position: 20.4% above the Oil & Gas median (#373 of 1027)
No single metric tells the full story. See the TSX:PD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Precision Drilling Corp is a provider of contract drilling, completion, and production services to oil and natural gas exploration and production companies in Canada, the United States, and certain international locations. The company operates through two industry segments: Contract Drilling Services, which generates maximum revenue and includes drilling rigs, procurement and distribution of oilfield supplies, and the manufacture, sale, and repair of drilling equipment; and Completion and Production Services, which includes service rigs, oilfield equipment rental, and camp services. The company generates the majority of its revenue from the United States.
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