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CactusWHD -1.63%97 Return-on-Tangible-Asset is 7.82% as of Mar. 2026, which is 34% below its 10-year median of 11.84. GuruFocus rates WHD with a GF Score™ of 97/100 and a GF Value™ of $65.47 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,024 Oil & Gas companies, Cactus ranks better than 85.35% 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. Cactus's annualizedNet Income for the quarter that ended in Mar. 2026 was $132 Mil. Cactus's average total tangible assets for the quarter that ended in Mar. 2026 was $1,683 Mil. Therefore, Cactus's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 7.82%.
The historical rank and industry rank for Cactus's Return-on-Tangible-Asset or its related term are showing as below:
WHD'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -5 Med: 11.84 Max: 31.98
Current: 9.98
During the past 11 years, Cactus's highest Return-on-Tangible-Asset was 31.98%. The lowest was -5.00%. And the median was 11.84%.
WHD's Return-on-Tangible-Asset is ranked better than 85.35% of 1024
companies
in the Oil & Gas industry
Industry Median: 2.08
vs WHD: 9.98
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.
Cactus Return-on-Tangible-Asset Related Terms
Cactus Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Cactus'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.
WHD vs USAC, TDW, OII: Return-on-Tangible-Asset Comparison
For the Oil & Gas Equipment & Services subindustry, Cactus'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.
Cactus Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Cactus's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Cactus'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 7.82% mean?
Cactus (WHD) has a Return-on-Tangible-Asset of 7.82% 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 Cactus and its competitors. This is 34% below median its historical median of 11.84. According to the industry distribution chart, Cactus ranks #150 out of 1024 companies in the Oil & Gas industry, placing it in the top 14.6%.
Is Cactus' Return-on-Tangible-Asset too high?
Cactus' current Return-on-Tangible-Asset of 7.82% is 34% below median its 10-year median of 11.84. The Oil & Gas industry median Return-on-Tangible-Asset is 2.08. Cactus' value of 7.82% is 276% above this industry median. Based on the distribution chart, Cactus ranks #150 out of 1024 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Cactus has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cactus' Return-on-Tangible-Asset compare to USAC and TDW?
According to the Oil & Gas industry distribution chart, Cactus ranks #150 out of 1024 companies for Return-on-Tangible-Asset. This places Cactus in the top 15% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.08. Cactus' value of 7.82% is 276% above this benchmark. While the company's 10-year median is 11.84 vs. the industry median of 2.08, Cactus 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 2.08, based on 1,024 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. Cactus's current Return-on-Tangible-Asset of 7.82% is 276% 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 Cactus and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 2.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cactus's current Return-on-Tangible-Asset is 7.82%, which is 34% below median its own 10-year median of 11.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cactus stock overvalued right now?
Based on GuruFocus' analysis, Cactus (WHD) is currently considered Modestly Undervalued. The stock's GF Value™ is $65.47, compared to a current price of $52.60 — trading 19.7% below its estimated fair value. The current Return-on-Tangible-Asset is 7.82%, which is 34% below median its 10-year median of 11.84 and 276% above the Oil & Gas industry median of 2.08. Cactus' overall GF Score™ is 97/100 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 Cactus (WHD), the current Return-on-Tangible-Asset is 7.82% 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 Cactus (WHD) Overvalued in 2026?
Based on GuruFocus' analysis, Cactus stock appears to be undervalued.
The current stock price of $52.60 is trading 19.7% below its estimated GF Value™ of $65.47.
GuruFocus considers Cactus to be Modestly Undervalued.
Key valuation signals for WHD:
Return-on-Tangible-Asset: 7.82% (34% below median its 10-year median of 11.84)
GF Value™: $65.47 vs. price of $52.60 (19.7% below fair value)
Industry Position: 276% above the Oil & Gas median (#150 of 1024)
No single metric tells the full story. See the WHD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cactus Inc is engaged in the designing, manufacturing, and sale of wellheads and pressure control equipment. Its principal products include Cactus SafeDrill wellhead systems, conventional wellheads, and production valves among others. The company also provides mission-critical field services, including service crews to assist with the installation, maintenance, and safe handling of the wellhead and pressure control equipment, as well as repair services for equipment that it sells or rents. It sells or rents its products principally for onshore unconventional oil and gas wells that are utilized during the drilling, completion (including fracturing), and production. It has two operating segments; Pressure Control, which generates key revenue and Spoolable Technologies.
97GF Score
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