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Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Patterson-UTI Energy's annualizedNet Income for the quarter that ended in Jun. 2026 was €-68 Mil. Patterson-UTI Energy's average total tangible assets for the quarter that ended in Jun. 2026 was €3,561 Mil. Therefore, Patterson-UTI Energy's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was -1.91%.
The historical rank and industry rank for Patterson-UTI Energy's Return-on-Tangible-Asset or its related term are showing as below:
STU:PE1'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -22.13 Med: -7.12 Max: 6.06
Current: -2.15
During the past 13 years, Patterson-UTI Energy's highest Return-on-Tangible-Asset was 6.06%. The lowest was -22.13%. And the median was -7.12%.
STU:PE1's Return-on-Tangible-Asset is ranked worse than 67.24% of 1038
companies
in the Oil & Gas industry
Industry Median: 2.195
vs STU:PE1: -2.15
Patterson-UTI Energy (STU:PE1) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Patterson-UTI Energy Return-on-Tangible-Asset Related Terms
Patterson-UTI Energy Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Patterson-UTI Energy's Return-on-Tangible-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.
Patterson-UTI Energy Return-on-Tangible-Asset Chart
STU:PE1 vs HP, SDRL, VAL: Return-on-Tangible-Asset Comparison
For the Oil & Gas Drilling subindustry, Patterson-UTI Energy's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-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.
Patterson-UTI Energy Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Patterson-UTI Energy's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Patterson-UTI Energy's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of -1.91% mean?
Patterson-UTI Energy (STU:PE1) has a Return-on-Tangible-Asset of -1.91% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Patterson-UTI Energy and its competitors. According to the industry distribution chart, Patterson-UTI Energy ranks #698 out of 1038 companies in the Oil & Gas industry, placing it in the top 67.2%.
Is Patterson-UTI Energy's Return-on-Tangible-Asset too high?
Patterson-UTI Energy's current Return-on-Tangible-Asset is -1.91%. Based on the distribution chart, Patterson-UTI Energy ranks #698 out of 1038 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Patterson-UTI Energy has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Patterson-UTI Energy's Return-on-Tangible-Asset compare to HP and SDRL?
According to the Oil & Gas industry distribution chart, Patterson-UTI Energy ranks #698 out of 1038 companies for Return-on-Tangible-Asset. This places Patterson-UTI Energy in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.20. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for an Oil & Gas company?
The median Return-on-Tangible-Asset among Oil & Gas companies is 2.20, based on 1,038 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Patterson-UTI Energy and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 2.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Patterson-UTI Energy's current Return-on-Tangible-Asset is -1.91%. 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 (STU:PE1) is currently considered Modestly Overvalued. The stock's GF Value™ is €7.15, compared to a current price of €8.48 — trading 18.6% above its estimated fair value. The current Return-on-Tangible-Asset is -1.91%. Patterson-UTI Energy's overall GF Score™ is 70/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Patterson-UTI Energy (STU:PE1), the current Return-on-Tangible-Asset is -1.91% 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 Patterson-UTI Energy (STU:PE1) Overvalued in 2026?
Based on GuruFocus' analysis, Patterson-UTI Energy stock appears to be overvalued.
The current stock price of €8.48 is trading 18.6% above its estimated GF Value™ of €7.15.
GuruFocus considers Patterson-UTI Energy to be Modestly Overvalued.
Key valuation signals for STU:PE1:
Return-on-Tangible-Asset: -1.91%
GF Value™: €7.15 vs. price of €8.48 (18.6% above fair value)
No single metric tells the full story. See the STU:PE1 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.
70GF Score
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