Total Energy Services (TSX:TOT) Piotroski F-Score: 8 (As of Jun. 27, 2026) — 14% Above Median


TSX:TOT Total Energy Services Inc TSX:TOT
84 GF Score
Price C$21.36
GF Value C$14.20
Valuation Significantly Overvalued
View Full Analysis

What is Total Energy Services Piotroski F-Score?

Total Energy Services TSX:TOT -0.60% 84 Piotroski F-Score is 8 as of Jun. 27, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates TSX:TOT with a GF Score™ of 84/100 and a GF Value™ of C$14.20 (Significantly Overvalued). Among 974 Oil & Gas companies, Total Energy Services ranks better than 98.36% on this metric.

Good Sign:

Piotroski F-Score is 8, indicates a very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Total Energy Services has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Total Energy Services's Piotroski F-Score or its related term are showing as below:

TSX:TOT' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 7   Max: 9
Current: 8

During the past 13 years, the highest Piotroski F-Score of Total Energy Services was 9. The lowest was 3. And the median was 7.

Total Energy Services  (TSX:TOT) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Total Energy Services Piotroski F-Score Related Terms


Total Energy Services Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Total Energy Services's Piotroski F-Score 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.

Total Energy Services Piotroski F-Score Chart

Total Energy Services Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 8.00 9.00 7.00 8.00

Total Energy Services Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.00 7.00 8.00 8.00 8.00

TSX:TOT vs SLB, BKR, HAL: Piotroski F-Score Comparison

For the Oil & Gas Equipment & Services subindustry, Total Energy Services's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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.


Total Energy Services Piotroski F-Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Total Energy Services's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Total Energy Services's Piotroski F-Score falls into.


TSX:TOT
84GF Score
Total Energy Services Inc TSX:TOT
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* 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.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 17.111 + 14.504 + 23.636 + 24.137 = C$79 Mil.
Cash Flow from Operations was 24.098 + 57.507 + 60.931 + 62.651 = C$205 Mil.
Revenue was 250.416 + 260.702 + 301.705 + 314.896 = C$1,128 Mil.
Gross Profit was 35.975 + 34.363 + 41.736 + 46.343 = C$158 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(999.571 + 949.889 + 1015.387 + 1000.102 + 1069.786) / 5 = C$1006.947 Mil.
Total Assets at the begining of this year (Mar25) was C$1,000 Mil.
Long-Term Debt & Capital Lease Obligation was C$65 Mil.
Total Current Assets was C$436 Mil.
Total Current Liabilities was C$322 Mil.
Net Income was 15.472 + 19.731 + 10.116 + 18.966 = C$64 Mil.

Revenue was 213.334 + 241.94 + 246.816 + 251.909 = C$954 Mil.
Gross Profit was 26.57 + 40.319 + 32.405 + 39.831 = C$139 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(941.69 + 936.356 + 963.743 + 937.708 + 999.571) / 5 = C$955.8136 Mil.
Total Assets at the begining of last year (Mar24) was C$942 Mil.
Long-Term Debt & Capital Lease Obligation was C$79 Mil.
Total Current Assets was C$359 Mil.
Total Current Liabilities was C$275 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Total Energy Services's current Net Income (TTM) was 79. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Total Energy Services's current Cash Flow from Operations (TTM) was 205. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=79.388/999.571
=0.07942207

ROA (Last Year)=Net Income/Total Assets (Mar24)
=64.285/941.69
=0.06826557

Total Energy Services's return on assets of this year was 0.07942207. Total Energy Services's return on assets of last year was 0.06826557. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Total Energy Services's current Net Income (TTM) was 79. Total Energy Services's current Cash Flow from Operations (TTM) was 205. ==> 205 > 79 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=64.507/1006.947
=0.06406196

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=78.941/955.8136
=0.08259037

Total Energy Services's gearing of this year was 0.06406196. Total Energy Services's gearing of last year was 0.08259037. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=435.608/322.204
=1.35196335

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=358.876/275.324
=1.30346791

Total Energy Services's current ratio of this year was 1.35196335. Total Energy Services's current ratio of last year was 1.30346791. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Total Energy Services's number of shares in issue this year was 37.118. Total Energy Services's number of shares in issue last year was 38.685. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=158.417/1127.719
=0.1404756

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=139.125/953.999
=0.14583349

Total Energy Services's gross margin of this year was 0.1404756. Total Energy Services's gross margin of last year was 0.14583349. ==> Last year's gross margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=1127.719/999.571
=1.128203

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=953.999/941.69
=1.01307118

Total Energy Services's asset turnover of this year was 1.128203. Total Energy Services's asset turnover of last year was 1.01307118. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+1+1+1+0+1
=8

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Total Energy Services has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
Total Energy Services (TSX:TOT) has a Piotroski F-Score of 8 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Total Energy Services and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Total Energy Services' Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Total Energy Services ranks #16 out of 974 companies in the Oil & Gas industry, placing it in the top 1.6%.
Is Total Energy Services' Piotroski F-Score too high?
Total Energy Services' current Piotroski F-Score of 8 is 14% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Oil & Gas industry median Piotroski F-Score is 5.00. Total Energy Services' value of 8 is 60% above this industry median. Based on the distribution chart, Total Energy Services ranks #16 out of 974 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Total Energy Services has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Total Energy Services' Piotroski F-Score compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Total Energy Services ranks #16 out of 974 companies for Piotroski F-Score. This places Total Energy Services in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Total Energy Services' value of 8 is 60% above this benchmark. Historically, Total Energy Services' own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Total Energy Services 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 Piotroski F-Score for an Oil & Gas company?
The median Piotroski F-Score among Oil & Gas companies is 5.00, based on 974 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Total Energy Services's current Piotroski F-Score of 8 is 60% 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 Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Total Energy Services and its competitors. For the Oil & Gas industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Total Energy Services's current Piotroski F-Score is 8, which is 14% above median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Total Energy Services stock overvalued right now?
Based on GuruFocus' analysis, Total Energy Services (TSX:TOT) is currently considered Significantly Overvalued. The stock's GF Value™ is C$14.20, compared to a current price of C$21.36 — trading 50.4% above its estimated fair value. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 60% above the Oil & Gas industry median of 5.00. Total Energy Services' overall GF Score™ is 84/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Total Energy Services (TSX:TOT), the current Piotroski F-Score is 8 as of Jun. 27, 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 Total Energy Services (TSX:TOT) Overvalued in 2026?

Based on GuruFocus' analysis, Total Energy Services stock appears to be overvalued. The current stock price of C$21.36 is trading 50.4% above its estimated GF Value™ of C$14.20. GuruFocus considers Total Energy Services to be Significantly Overvalued.

Key valuation signals for TSX:TOT:

  • Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
  • GF Value™: C$14.20 vs. price of C$21.36 (50.4% above fair value)
  • GF Score™: 84/100
  • Industry Position: 60% above the Oil & Gas median (#16 of 974)

No single metric tells the full story. See the TSX:TOT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Total Energy Services Business Description

Industry EnergyOil & Gas
Other Exchanges TOTZF:USA0S9F:UK5O7:Germany
Address 1000, 734-7th Av. S.W, Calgary, AB, CAN, T2P 3P8
Total Energy Services Inc is a diversified energy services provider based in Calgary, Alberta. The company provides various products and services to the energy and other resource industries in Canada, the United States and Australia, including contract drilling services, the rental and transportation of equipment used in energy and other industrial operations, the fabrication, sale, rental and servicing of gas compression and process equipment and well servicing. Its segments include Contract Drilling Services, Rentals and Transportation Services, Compression and Process Services, and Well Servicing. It derives majority of the revenue from Compression and Process Services segment that involves the design, manufacture, installation, start-up and service of compression and process equipment.
84GF Score

Get the complete analysis for TSX:TOT

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$21.36
Price
C$14.20
GF Value