Total Energy ServicesTSX:TOT -3.46%82 Operating Margin % is 8.62% as of Mar. 2026, which is 164% above its 10-year median of 3.26. GuruFocus rates TSX:TOT with a GF Score™ of 82/100 and a GF Value™ of C$14.20 (Significantly Overvalued). Among 916 Oil & Gas companies, Total Energy Services ranks better than 54.59% on this metric.
Total Energy Services (TSX:TOT) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Total Energy Services Operating Margin % Related Terms
Total Energy Services Operating Margin % Historical Data
* Premium members only.
The historical data trend for Total Energy Services's Operating Margin % 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:TOT vs SLB, BKR, HAL: Operating Margin % Comparison
For the Oil & Gas Equipment & Services subindustry, Total Energy Services's Operating Margin %, along with its competitors' market caps and Operating Margin % 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 Operating Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Total Energy Services's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Total Energy Services's Operating Margin % falls into.
Total Energy Services Operating Margin % Calculation
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Total Energy Services's Operating Margin % 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.
Total Energy Services (TSX:TOT) has a Operating Margin % of 8.62% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Total Energy Services and its competitors. This is 164% above median its historical median of 3.26. According to the industry distribution chart, Total Energy Services ranks #416 out of 916 companies in the Oil & Gas industry, placing it in the top 45.4%.
Is Total Energy Services' Operating Margin % too high?
Total Energy Services' current Operating Margin % of 8.62% is 164% above median its 10-year median of 3.26. The Oil & Gas industry median Operating Margin % is 6.86. Total Energy Services' value of 8.62% is 25.7% above this industry median. Based on the distribution chart, Total Energy Services ranks #416 out of 916 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Total Energy Services has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Total Energy Services' Operating Margin % compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Total Energy Services ranks #416 out of 916 companies for Operating Margin %. This puts Total Energy Services in the upper half of its industry. The industry median Operating Margin % is 6.86. Total Energy Services' value of 8.62% is 25.7% above this benchmark. While the company's 10-year median is 3.26 vs. the industry median of 6.86, 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 Operating Margin % for an Oil & Gas company?
The median Operating Margin % among Oil & Gas companies is 6.86, based on 916 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Total Energy Services's current Operating Margin % of 8.62% is 25.7% 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Total Energy Services and its competitors. For the Oil & Gas industry, the median Operating Margin % is 6.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Total Energy Services's current Operating Margin % is 8.62%, which is 164% above median its own 10-year median of 3.26. 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$21.19 — trading 49.2% above its estimated fair value. The current Operating Margin % is 8.62%, which is 164% above median its 10-year median of 3.26 and 25.7% above the Oil & Gas industry median of 6.86. Total Energy Services' overall GF Score™ is 82/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Total Energy Services (TSX:TOT), the current Operating Margin % is 8.62% 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 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$21.19 is trading 49.2% above its estimated GF Value™ of C$14.20.
GuruFocus considers Total Energy Services to be Significantly Overvalued.
Key valuation signals for TSX:TOT:
Operating Margin %: 8.62% (164% above median its 10-year median of 3.26)
GF Value™: C$14.20 vs. price of C$21.19 (49.2% above fair value)
Industry Position: 25.7% above the Oil & Gas median (#416 of 916)
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 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.
82GF Score
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