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Patterson-UTI Energy's quarterly market cap
increased
from Dec. 2025 ($2,318 Mil) to Mar. 2026 ($4,111 Mil) but then
declined
from Mar. 2026 ($4,111 Mil) to Jun. 2026 ($3,501 Mil).
Patterson-UTI Energy's annual market cap
declined
from Dec. 2023 ($4,441 Mil) to Dec. 2024 ($3,199 Mil) and
declined
from Dec. 2024 ($3,199 Mil) to Dec. 2025 ($2,318 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Patterson-UTI Energy's Enterprise Value for Today is $5,736 Mil.
Patterson-UTI Energy (NAS:PTEN) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Patterson-UTI Energy Market Cap Related Terms
Patterson-UTI Energy Market Cap Historical Data
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The historical data trend for Patterson-UTI Energy's Market Cap 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.
For the Oil & Gas Drilling subindustry, Patterson-UTI Energy's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Patterson-UTI Energy's Market Cap distribution charts can be found below:
* The bar in red indicates where Patterson-UTI Energy's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Patterson-UTI Energy's Market Cap 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.
Patterson-UTI Energy (PTEN) has a Market Cap of $4,645 Mil as of Aug. 20, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Patterson-UTI Energy and its competitors. According to the industry distribution chart, Patterson-UTI Energy ranks #169 out of 1050 companies in the Oil & Gas industry, placing it in the top 16.1%.
Is Patterson-UTI Energy's Market Cap too high?
Patterson-UTI Energy's current Market Cap is $4,645 Mil. The Oil & Gas industry median Market Cap is 228.95. Patterson-UTI Energy's value of $4,645 Mil is 1928.8% above this industry median. Based on the distribution chart, Patterson-UTI Energy ranks #169 out of 1050 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Patterson-UTI Energy has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Patterson-UTI Energy's Market Cap compare to HP and SDRL?
According to the Oil & Gas industry distribution chart, Patterson-UTI Energy ranks #169 out of 1050 companies for Market Cap. This places Patterson-UTI Energy in the top 16% of its industry — outperforming the majority of peers. The industry median Market Cap is 228.95. Patterson-UTI Energy's value of $4,645 Mil is 1928.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for an Oil & Gas company?
The median Market Cap among Oil & Gas companies is 228.95, based on 1,050 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Patterson-UTI Energy's current Market Cap of $4,645 Mil is 1928.8% 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Patterson-UTI Energy and its competitors. For the Oil & Gas industry, the median Market Cap is 228.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Patterson-UTI Energy's current Market Cap is $4,645 Mil. 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 (PTEN) is currently considered Significantly Overvalued. The stock's GF Value™ is $8.15, compared to a current price of $12.18 — trading 49.4% above its estimated fair value. The current Market Cap is $4,645 Mil and 1928.8% above the Oil & Gas industry median of 228.95. Patterson-UTI Energy's overall GF Score™ is 60/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Patterson-UTI Energy (PTEN), the current Market Cap is $4,645 Mil as of Aug. 20, 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 (PTEN) Overvalued in 2026?
Based on GuruFocus' analysis, Patterson-UTI Energy stock appears to be overvalued.
The current stock price of $12.18 is trading 49.4% above its estimated GF Value™ of $8.15.
GuruFocus considers Patterson-UTI Energy to be Significantly Overvalued.
Key valuation signals for PTEN:
Market Cap: $4,645 Mil
GF Value™: $8.15 vs. price of $12.18 (49.4% above fair value)
Industry Position: 1928.8% above the Oil & Gas median (#169 of 1050)
No single metric tells the full story. See the PTEN 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.
60GF Score
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