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The historical rank and industry rank for CNOOC Energy Technology & Services's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:600968'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.64 Med: 10.22 Max: 15.51
Current: 14.83
During the past 13 years, CNOOC Energy Technology & Services's highest Return-on-Tangible-Equity was 15.51%. The lowest was 5.64%. And the median was 10.22%.
SHSE:600968's Return-on-Tangible-Equity is ranked better than 70.41% of 943
companies
in the Oil & Gas industry
Industry Median: 6.76
vs SHSE:600968: 14.83
CNOOC Energy Technology & Services (SHSE:600968) 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.
CNOOC Energy Technology & Services Return-on-Tangible-Equity Related Terms
CNOOC Energy Technology & 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.
CNOOC Energy Technology & Services Return-on-Tangible-Equity Chart
SHSE:600968 vs SLB, BKR, HAL: Return-on-Tangible-Equity Comparison
For the Oil & Gas Equipment & Services subindustry, CNOOC Energy Technology & 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.
CNOOC Energy Technology & Services Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, CNOOC Energy Technology & Services's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where CNOOC Energy Technology & 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 9.24% mean?
CNOOC Energy Technology & Services (SHSE:600968) has a Return-on-Tangible-Equity of 9.24% 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 CNOOC Energy Technology & Services and its competitors. This is 10% below median its historical median of 10.22. Over the past decade, CNOOC Energy Technology & Services' Return-on-Tangible-Equity has ranged from 5.64 to 15.51. According to the industry distribution chart, CNOOC Energy Technology & Services ranks #279 out of 943 companies in the Oil & Gas industry, placing it in the top 29.6%.
Is CNOOC Energy Technology & Services' Return-on-Tangible-Equity too high?
CNOOC Energy Technology & Services' current Return-on-Tangible-Equity of 9.24% is 10% below median its 10-year median of 10.22. Over the past 10 years, this metric has ranged from a low of 5.64 to a high of 15.51. The Oil & Gas industry median Return-on-Tangible-Equity is 6.76. CNOOC Energy Technology & Services' value of 9.24% is 36.7% above this industry median. Based on the distribution chart, CNOOC Energy Technology & Services ranks #279 out of 943 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, CNOOC Energy Technology & Services has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CNOOC Energy Technology & Services' Return-on-Tangible-Equity compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, CNOOC Energy Technology & Services ranks #279 out of 943 companies for Return-on-Tangible-Equity. This puts CNOOC Energy Technology & Services in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.76. CNOOC Energy Technology & Services' value of 9.24% is 36.7% above this benchmark. Historically, CNOOC Energy Technology & Services' own Return-on-Tangible-Equity has ranged from 5.64 to 15.51 over the past decade. While the company's 10-year median is 10.22 vs. the industry median of 6.76, CNOOC Energy Technology & Services 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 6.76, 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. CNOOC Energy Technology & Services's current Return-on-Tangible-Equity of 9.24% is 36.7% 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 CNOOC Energy Technology & Services and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 6.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CNOOC Energy Technology & Services's current Return-on-Tangible-Equity is 9.24%, which is 10% below median its own 10-year median of 10.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CNOOC Energy Technology & Services stock overvalued right now?
Based on GuruFocus' analysis, CNOOC Energy Technology & Services (SHSE:600968) is currently considered Fairly Valued. The stock's GF Value™ is ¥3.92, compared to a current price of ¥3.69 — trading 5.9% below its estimated fair value. The current Return-on-Tangible-Equity is 9.24%, which is 10% below median its 10-year median of 10.22 and 36.7% above the Oil & Gas industry median of 6.76. CNOOC Energy Technology & Services' overall GF Score™ is 84/100 with 2 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 CNOOC Energy Technology & Services (SHSE:600968), the current Return-on-Tangible-Equity is 9.24% 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 CNOOC Energy Technology & Services (SHSE:600968) Overvalued in 2026?
Based on GuruFocus' analysis, CNOOC Energy Technology & Services stock appears to be undervalued.
The current stock price of ¥3.69 is trading 5.9% below its estimated GF Value™ of ¥3.92.
GuruFocus considers CNOOC Energy Technology & Services to be Fairly Valued.
Key valuation signals for SHSE:600968:
Return-on-Tangible-Equity: 9.24% (10% below median its 10-year median of 10.22)
GF Value™: ¥3.92 vs. price of ¥3.69 (5.9% below fair value)
Industry Position: 36.7% above the Oil & Gas median (#279 of 943)
No single metric tells the full story. See the SHSE:600968 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CNOOC Energy Technology & Services Business Description
CNOOC Energy Technology & Services Ltd is a diversified industrial group that covers majority of the upstream and downstream sectors of the oil and gas industry chain, forming four core business segments: Energy technology services; Floating Production Storage and Offloading (FPSO) Production Technical Service segment; Energy logistics services; and the Safety, environmental protection and Energy conservation.
84GF Score
Get the complete analysis for SHSE:600968
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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