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. NCS Multistage Holdings's annualized net income for the quarter that ended in Mar. 2026 was $-1.5 Mil. NCS Multistage Holdings's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $103.3 Mil. Therefore, NCS Multistage Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -1.44%.
The historical rank and industry rank for NCS Multistage Holdings's Return-on-Tangible-Equity or its related term are showing as below:
NCSM'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -304.12 Med: -5.51 Max: 25.84
Current: 20.71
During the past 11 years, NCS Multistage Holdings's highest Return-on-Tangible-Equity was 25.84%. The lowest was -304.12%. And the median was -5.51%.
NCSM's Return-on-Tangible-Equity is ranked better than 79.83% of 942
companies
in the Oil & Gas industry
Industry Median: 6.77
vs NCSM: 20.71
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.
NCS Multistage Holdings Return-on-Tangible-Equity Related Terms
NCS Multistage Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for NCS Multistage Holdings'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.
NCSM vs QSEP, GEOS, STAK: Return-on-Tangible-Equity Comparison
For the Oil & Gas Equipment & Services subindustry, NCS Multistage Holdings'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.
NCS Multistage Holdings Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NCS Multistage Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where NCS Multistage Holdings'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 -1.44% mean?
NCS Multistage Holdings (NCSM) has a Return-on-Tangible-Equity of -1.44% 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 NCS Multistage Holdings and its competitors. According to the industry distribution chart, NCS Multistage Holdings ranks #190 out of 942 companies in the Oil & Gas industry, placing it in the top 20.2%.
Is NCS Multistage Holdings' Return-on-Tangible-Equity too high?
NCS Multistage Holdings' current Return-on-Tangible-Equity is -1.44%. Based on the distribution chart, NCS Multistage Holdings ranks #190 out of 942 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, NCS Multistage Holdings has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NCS Multistage Holdings' Return-on-Tangible-Equity compare to QSEP and GEOS?
According to the Oil & Gas industry distribution chart, NCS Multistage Holdings ranks #190 out of 942 companies for Return-on-Tangible-Equity. This places NCS Multistage Holdings in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.77. 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 6.77, based on 942 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. 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 NCS Multistage Holdings and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 6.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NCS Multistage Holdings's current Return-on-Tangible-Equity is -1.44%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NCS Multistage Holdings stock overvalued right now?
Based on GuruFocus' analysis, NCS Multistage Holdings (NCSM) is currently considered Significantly Overvalued. The stock's GF Value™ is $26.08, compared to a current price of $45.33 — trading 73.8% above its estimated fair value. The current Return-on-Tangible-Equity is -1.44%. NCS Multistage Holdings' overall GF Score™ is 60/100 with 4 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 NCS Multistage Holdings (NCSM), the current Return-on-Tangible-Equity is -1.44% 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 NCS Multistage Holdings (NCSM) Overvalued in 2026?
Based on GuruFocus' analysis, NCS Multistage Holdings stock appears to be overvalued.
The current stock price of $45.33 is trading 73.8% above its estimated GF Value™ of $26.08.
GuruFocus considers NCS Multistage Holdings to be Significantly Overvalued.
Key valuation signals for NCSM:
Return-on-Tangible-Equity: -1.44%
GF Value™: $26.08 vs. price of $45.33 (73.8% above fair value)
No single metric tells the full story. See the NCSM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NCS Multistage Holdings Inc is a provider of engineered products and support services that facilitate the optimization of oil and natural gas well construction, well completion, and field development strategies. The company provides its products and services to E&P companies for use in onshore and offshore wells, predominantly those drilled with horizontal laterals in unconventional and conventional oil and natural gas formations. It also provides tracer diagnostics services and sells products for well construction including casing buoyancy systems, liner hanger systems and toe initiation sleeves, along with certain complementary products from third parties. The company operates in the United States, Canada and other countries, with the majority of its revenue generated from Canada.
60GF Score
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