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CES Energy SolutionsTSX:CEU +1.11%82 Return-on-Tangible-Asset is 12.99% as of Mar. 2026, which is 132% above its 10-year median of 5.60. GuruFocus rates TSX:CEU with a GF Score™ of 82/100 and a GF Value™ of C$9.35 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,025 Oil & Gas companies, CES Energy Solutions ranks better than 91.61% on this metric.
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. CES Energy Solutions's annualizedNet Income for the quarter that ended in Mar. 2026 was C$201 Mil. CES Energy Solutions's average total tangible assets for the quarter that ended in Mar. 2026 was C$1,548 Mil. Therefore, CES Energy Solutions's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 12.99%.
The historical rank and industry rank for CES Energy Solutions's Return-on-Tangible-Asset or its related term are showing as below:
TSX:CEU'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -27.36 Med: 5.6 Max: 13.97
Current: 13.97
During the past 13 years, CES Energy Solutions's highest Return-on-Tangible-Asset was 13.97%. The lowest was -27.36%. And the median was 5.60%.
TSX:CEU's Return-on-Tangible-Asset is ranked better than 91.61% of 1025
companies
in the Oil & Gas industry
Industry Median: 2.09
vs TSX:CEU: 13.97
CES Energy Solutions (TSX:CEU) 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.
CES Energy Solutions Return-on-Tangible-Asset Related Terms
CES Energy Solutions Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for CES Energy Solutions'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.
CES Energy Solutions Return-on-Tangible-Asset Chart
TSX:CEU vs SLB, BKR, HAL: Return-on-Tangible-Asset Comparison
For the Oil & Gas Equipment & Services subindustry, CES Energy Solutions'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.
CES Energy Solutions Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, CES Energy Solutions's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where CES Energy Solutions'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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 12.99% mean?
CES Energy Solutions (TSX:CEU) has a Return-on-Tangible-Asset of 12.99% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on CES Energy Solutions and its competitors. This is 132% above median its historical median of 5.60. According to the industry distribution chart, CES Energy Solutions ranks #86 out of 1025 companies in the Oil & Gas industry, placing it in the top 8.4%.
Is CES Energy Solutions' Return-on-Tangible-Asset too high?
CES Energy Solutions' current Return-on-Tangible-Asset of 12.99% is 132% above median its 10-year median of 5.60. The Oil & Gas industry median Return-on-Tangible-Asset is 2.09. CES Energy Solutions' value of 12.99% is 521.5% above this industry median. Based on the distribution chart, CES Energy Solutions ranks #86 out of 1025 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, CES Energy Solutions has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CES Energy Solutions' Return-on-Tangible-Asset compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, CES Energy Solutions ranks #86 out of 1025 companies for Return-on-Tangible-Asset. This places CES Energy Solutions in the top 8% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.09. CES Energy Solutions' value of 12.99% is 521.5% above this benchmark. While the company's 10-year median is 5.60 vs. the industry median of 2.09, CES Energy Solutions 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 Return-on-Tangible-Asset for an Oil & Gas company?
The median Return-on-Tangible-Asset among Oil & Gas companies is 2.09, based on 1,025 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. CES Energy Solutions's current Return-on-Tangible-Asset of 12.99% is 521.5% 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 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 CES Energy Solutions and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 2.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CES Energy Solutions's current Return-on-Tangible-Asset is 12.99%, which is 132% above median its own 10-year median of 5.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CES Energy Solutions stock overvalued right now?
Based on GuruFocus' analysis, CES Energy Solutions (TSX:CEU) is currently considered Significantly Overvalued. The stock's GF Value™ is C$9.35, compared to a current price of C$16.41 — trading 75.5% above its estimated fair value. The current Return-on-Tangible-Asset is 12.99%, which is 132% above median its 10-year median of 5.60 and 521.5% above the Oil & Gas industry median of 2.09. CES Energy Solutions' overall GF Score™ is 82/100 with 1 warning sign 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 CES Energy Solutions (TSX:CEU), the current Return-on-Tangible-Asset is 12.99% 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 CES Energy Solutions (TSX:CEU) Overvalued in 2026?
Based on GuruFocus' analysis, CES Energy Solutions stock appears to be overvalued.
The current stock price of C$16.41 is trading 75.5% above its estimated GF Value™ of C$9.35.
GuruFocus considers CES Energy Solutions to be Significantly Overvalued.
Key valuation signals for TSX:CEU:
Return-on-Tangible-Asset: 12.99% (132% above median its 10-year median of 5.60)
GF Value™: C$9.35 vs. price of C$16.41 (75.5% above fair value)
Industry Position: 521.5% above the Oil & Gas median (#86 of 1025)
No single metric tells the full story. See the TSX:CEU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CES Energy Solutions Corp business is to design, implement, and manufacture consumable fluids and specialty chemicals for the North American oil and gas industry. This includes solutions at drill-bit, at point of completion and stimulation, at wellhead and pump-jack and to the pipeline and midstream market. Its geographical segments are the United States and Canada, of which the majority of its revenue comes from the United States.
82GF Score
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