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Oceaneering InternationalLTS:0KAN +0.14%72 Return-on-Tangible-Equity is 23.86% as of Jun. 2026, which is 498% above its 10-year median of 3.99. GuruFocus rates LTS:0KAN with a GF Score™ of 72/100 and a GF Value™ of $27.87 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 943 Oil & Gas companies, Oceaneering International ranks better than 90.14% on this metric.
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. Oceaneering International's annualized net income for the quarter that ended in Jun. 2026 was $260 Mil. Oceaneering International's average shareholder tangible equity for the quarter that ended in Jun. 2026 was $1,090 Mil. Therefore, Oceaneering International's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 23.86%.
The historical rank and industry rank for Oceaneering International's Return-on-Tangible-Equity or its related term are showing as below:
LTS:0KAN'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -87.05 Med: 3.99 Max: 43.65
Current: 36.34
During the past 13 years, Oceaneering International's highest Return-on-Tangible-Equity was 43.65%. The lowest was -87.05%. And the median was 3.99%.
LTS:0KAN's Return-on-Tangible-Equity is ranked better than 90.14% of 943
companies
in the Oil & Gas industry
Industry Median: 6.79
vs LTS:0KAN: 36.34
Oceaneering International (LTS:0KAN) 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.
Oceaneering International Return-on-Tangible-Equity Related Terms
Oceaneering International Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Oceaneering International's Return-on-Tangible-Equity 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.
Oceaneering International Return-on-Tangible-Equity Chart
LTS:0KAN vs KGS, AROC, WFRD: Return-on-Tangible-Equity Comparison
For the Oil & Gas Equipment & Services subindustry, Oceaneering International'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.
Oceaneering International Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Oceaneering International's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Oceaneering International'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 (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 23.86% mean?
Oceaneering International (LTS:0KAN) has a Return-on-Tangible-Equity of 23.86% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Oceaneering International and its competitors. This is 498% above median its historical median of 3.99. According to the industry distribution chart, Oceaneering International ranks #93 out of 943 companies in the Oil & Gas industry, placing it in the top 9.9%.
Is Oceaneering International's Return-on-Tangible-Equity too high?
Oceaneering International's current Return-on-Tangible-Equity of 23.86% is 498% above median its 10-year median of 3.99. The Oil & Gas industry median Return-on-Tangible-Equity is 6.79. Oceaneering International's value of 23.86% is 251.4% above this industry median. Based on the distribution chart, Oceaneering International ranks #93 out of 943 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Oceaneering International has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Oceaneering International's Return-on-Tangible-Equity compare to KGS and AROC?
According to the Oil & Gas industry distribution chart, Oceaneering International ranks #93 out of 943 companies for Return-on-Tangible-Equity. This places Oceaneering International in the top 10% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.79. Oceaneering International's value of 23.86% is 251.4% above this benchmark. While the company's 10-year median is 3.99 vs. the industry median of 6.79, Oceaneering International 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-Equity for an Oil & Gas company?
The median Return-on-Tangible-Equity among Oil & Gas companies is 6.79, based on 943 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. Oceaneering International's current Return-on-Tangible-Equity of 23.86% is 251.4% 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 Oceaneering International and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oceaneering International's current Return-on-Tangible-Equity is 23.86%, which is 498% above median its own 10-year median of 3.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oceaneering International stock overvalued right now?
Based on GuruFocus' analysis, Oceaneering International (LTS:0KAN) is currently considered Significantly Overvalued. The stock's GF Value™ is $27.87, compared to a current price of $48.73 — trading 74.8% above its estimated fair value. The current Return-on-Tangible-Equity is 23.86%, which is 498% above median its 10-year median of 3.99 and 251.4% above the Oil & Gas industry median of 6.79. Oceaneering International's overall GF Score™ is 72/100 with 8 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 Oceaneering International (LTS:0KAN), the current Return-on-Tangible-Equity is 23.86% 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 Oceaneering International (LTS:0KAN) Overvalued in 2026?
Based on GuruFocus' analysis, Oceaneering International stock appears to be overvalued.
The current stock price of $48.73 is trading 74.8% above its estimated GF Value™ of $27.87.
GuruFocus considers Oceaneering International to be Significantly Overvalued.
Key valuation signals for LTS:0KAN:
Return-on-Tangible-Equity: 23.86% (498% above median its 10-year median of 3.99)
GF Value™: $27.87 vs. price of $48.73 (74.8% above fair value)
Industry Position: 251.4% above the Oil & Gas median (#93 of 943)
No single metric tells the full story. See the LTS:0KAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oceaneering International Inc is a provider of engineered services and products and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries. A majority of its products are produced for the offshore oil and gas market. The company's business segments are Integrity Management and Digital Solutions, Subsea Robotics, Manufactured Products, Offshore Projects Group, and Aerospace and Defense Technologies. Maximum revenue is generated from its Subsea Robotics segment, which provides remotely operated vehicles (ROVs) for drill support and vessel-based services, underwater surveys, tooling, and other activities. Geographically, the company derives its key revenue from the United States, followed by Africa, Norway, Brazil, and other regions.
72GF Score
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