Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. High Arctic Energy Services's annualized net income for the quarter that ended in Mar. 2026 was $2.49 Mil. High Arctic Energy Services's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $14.97 Mil. Therefore, High Arctic Energy Services's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 16.64%.
The historical rank and industry rank for High Arctic Energy Services's Return-on-Tangible-Equity or its related term are showing as below:
HGHAF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -27.71 Med: -1.09 Max: 48.9
Current: 6.71
During the past 13 years, High Arctic Energy Services's highest Return-on-Tangible-Equity was 48.90%. The lowest was -27.71%. And the median was -1.09%.
HGHAF's Return-on-Tangible-Equity is ranked worse than 50.21% of 944
companies
in the Oil & Gas industry
Industry Median: 6.73
vs HGHAF: 6.71
High Arctic Energy Services (OTCPK:HGHAF) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
High Arctic Energy Services Return-on-Tangible-Equity Related Terms
High Arctic Energy Services Return-on-Tangible-Equity Historical Data
* 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.
High Arctic Energy Services Return-on-Tangible-Equity Chart
HGHAF vs SLB, BKR, HAL: Return-on-Tangible-Equity Comparison
For the Oil & Gas Equipment & Services subindustry, High Arctic Energy Services's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
High Arctic Energy Services Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, High Arctic Energy Services's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where High Arctic Energy Services's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 16.64% mean?
High Arctic Energy Services (HGHAF) has a Return-on-Tangible-Equity of 16.64% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on High Arctic Energy Services and its competitors. According to the industry distribution chart, High Arctic Energy Services ranks #474 out of 944 companies in the Oil & Gas industry, placing it in the top 50.2%.
Is High Arctic Energy Services' Return-on-Tangible-Equity too high?
High Arctic Energy Services' current Return-on-Tangible-Equity is 16.64%. The Oil & Gas industry median Return-on-Tangible-Equity is 6.73. High Arctic Energy Services' value of 16.64% is 147.3% above this industry median. Based on the distribution chart, High Arctic Energy Services ranks #474 out of 944 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, High Arctic Energy Services has a GF Score™ of 37/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does High Arctic Energy Services' Return-on-Tangible-Equity compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, High Arctic Energy Services ranks #474 out of 944 companies for Return-on-Tangible-Equity. This places High Arctic Energy Services in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.73. High Arctic Energy Services' value of 16.64% is 147.3% 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 Return-on-Tangible-Equity for an Oil & Gas company?
The median Return-on-Tangible-Equity among Oil & Gas companies is 6.73, based on 944 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. High Arctic Energy Services's current Return-on-Tangible-Equity of 16.64% is 147.3% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on High Arctic Energy Services and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 6.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. High Arctic Energy Services's current Return-on-Tangible-Equity is 16.64%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is High Arctic Energy Services stock overvalued right now?
Based on GuruFocus' analysis, High Arctic Energy Services (HGHAF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.86, compared to a current price of $0.68 — trading 20.9% below its estimated fair value. The current Return-on-Tangible-Equity is 16.64% and 147.3% above the Oil & Gas industry median of 6.73. High Arctic Energy Services' overall GF Score™ is 37/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For High Arctic Energy Services (HGHAF), the current Return-on-Tangible-Equity is 16.64% 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 High Arctic Energy Services (HGHAF) Overvalued in 2026?
Based on GuruFocus' analysis, High Arctic Energy Services stock appears to be undervalued.
The current stock price of $0.68 is trading 20.9% below its estimated GF Value™ of $0.86.
GuruFocus considers High Arctic Energy Services to be Modestly Undervalued.
Key valuation signals for HGHAF:
Return-on-Tangible-Equity: 16.64%
GF Value™: $0.86 vs. price of $0.68 (20.9% below fair value)
Industry Position: 147.3% above the Oil & Gas median (#474 of 944)
No single metric tells the full story. See the HGHAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
High Arctic Energy Services Inc is engaged in providing contract drilling, well servicing, completion services, equipment rentals, and other oilfield services to the oil and natural gas industry in Papua New Guinea and Canada. The operating segments of the company are the Drilling Services segment, which consists of drilling services; the Production Services segment, which consists of well servicing and snubbing services and the Rental Services segment consists of High Arctic's oilfield rental equipment of pressure control and other oilfield equipment to exploration and production companies in Canada. The Rental Services segment generates the majority company's revenue.
37GF Score
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