National Energy Services ReunitedNESR -3.13%62 Return-on-Tangible-Equity is 32.67% as of Mar. 2026, which is 90% above its 10-year median of 17.18. GuruFocus rates NESR with a GF Score™ of 62/100 and a GF Value™ of $10.65 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 944 Oil & Gas companies, National Energy Services Reunited ranks better than 84.22% on this metric.
The historical rank and industry rank for National Energy Services Reunited's Return-on-Tangible-Equity or its related term are showing as below:
NESR'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -67.03 Med: 17.18 Max: 52.71
Current: 24.97
During the past 9 years, National Energy Services Reunited's highest Return-on-Tangible-Equity was 52.71%. The lowest was -67.03%. And the median was 17.18%.
NESR's Return-on-Tangible-Equity is ranked better than 84.22% of 944
companies
in the Oil & Gas industry
Industry Median: 6.73
vs NESR: 24.97
National Energy Services Reunited (NAS:NESR) 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.
National Energy Services Reunited Return-on-Tangible-Equity Related Terms
National Energy Services Reunited 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.
National Energy Services Reunited Return-on-Tangible-Equity Chart
NESR vs WTTR, TDW, AESI: Return-on-Tangible-Equity Comparison
For the Oil & Gas Equipment & Services subindustry, National Energy Services Reunited'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.
National Energy Services Reunited Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, National Energy Services Reunited's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where National Energy Services Reunited'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 32.67% mean?
National Energy Services Reunited (NESR) has a Return-on-Tangible-Equity of 32.67% 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 National Energy Services Reunited and its competitors. This is 90% above median its historical median of 17.18. According to the industry distribution chart, National Energy Services Reunited ranks #149 out of 944 companies in the Oil & Gas industry, placing it in the top 15.8%.
Is National Energy Services Reunited's Return-on-Tangible-Equity too high?
National Energy Services Reunited's current Return-on-Tangible-Equity of 32.67% is 90% above median its 10-year median of 17.18. The Oil & Gas industry median Return-on-Tangible-Equity is 6.73. National Energy Services Reunited's value of 32.67% is 385.4% above this industry median. Based on the distribution chart, National Energy Services Reunited ranks #149 out of 944 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, National Energy Services Reunited has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Energy Services Reunited's Return-on-Tangible-Equity compare to WTTR and TDW?
According to the Oil & Gas industry distribution chart, National Energy Services Reunited ranks #149 out of 944 companies for Return-on-Tangible-Equity. This places National Energy Services Reunited in the top 16% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.73. National Energy Services Reunited's value of 32.67% is 385.4% above this benchmark. While the company's 10-year median is 17.18 vs. the industry median of 6.73, National Energy Services Reunited 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 6.73, 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. National Energy Services Reunited's current Return-on-Tangible-Equity of 32.67% is 385.4% 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 National Energy Services Reunited 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. National Energy Services Reunited's current Return-on-Tangible-Equity is 32.67%, which is 90% above median its own 10-year median of 17.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Energy Services Reunited stock overvalued right now?
Based on GuruFocus' analysis, National Energy Services Reunited (NESR) is currently considered Significantly Overvalued. The stock's GF Value™ is $10.65, compared to a current price of $27.90 — trading 162% above its estimated fair value. The current Return-on-Tangible-Equity is 32.67%, which is 90% above median its 10-year median of 17.18 and 385.4% above the Oil & Gas industry median of 6.73. National Energy Services Reunited's overall GF Score™ is 62/100 with 7 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 National Energy Services Reunited (NESR), the current Return-on-Tangible-Equity is 32.67% 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 National Energy Services Reunited (NESR) Overvalued in 2026?
Based on GuruFocus' analysis, National Energy Services Reunited stock appears to be overvalued.
The current stock price of $27.90 is trading 162% above its estimated GF Value™ of $10.65.
GuruFocus considers National Energy Services Reunited to be Significantly Overvalued.
Key valuation signals for NESR:
Return-on-Tangible-Equity: 32.67% (90% above median its 10-year median of 17.18)
GF Value™: $10.65 vs. price of $27.90 (162% above fair value)
Industry Position: 385.4% above the Oil & Gas median (#149 of 944)
No single metric tells the full story. See the NESR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Energy Services Reunited Business Description
National Energy Services Reunited Corp is an oilfield services provider in the Middle East and North Africa (MENA) region serving oil and natural gas companies. It provides upstream and midstream oilfield services, including hydraulic fracturing, coiled tubing, stimulation and pumping, cementing, as well as drilling and evaluation services such as rigs, directional drilling, drilling and completion fluids, pressure control, and well testing. Its segments are Production Services, which includes services during the completion and production stages of a well's lifecycle and generates maximum revenue, and Drilling and Evaluation Services, which includes services related to drilling operations during the well construction stage. The majority of revenue is generated from the MENA region.
62GF Score
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