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. Calfrac Well Services's annualized net income for the quarter that ended in Mar. 2026 was C$76 Mil. Calfrac Well Services's average shareholder tangible equity for the quarter that ended in Mar. 2026 was C$680 Mil. Therefore, Calfrac Well Services's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 11.10%.
The historical rank and industry rank for Calfrac Well Services's Return-on-Tangible-Equity or its related term are showing as below:
TSX:CFW'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -83.26 Med: -1.14 Max: 36.71
Current: 6.51
During the past 13 years, Calfrac Well Services's highest Return-on-Tangible-Equity was 36.71%. The lowest was -83.26%. And the median was -1.14%.
TSX:CFW's Return-on-Tangible-Equity is ranked worse than 50.9% of 947
companies
in the Oil & Gas industry
Industry Median: 6.74
vs TSX:CFW: 6.51
Calfrac Well Services (TSX:CFW) 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.
Calfrac Well Services Return-on-Tangible-Equity Related Terms
Calfrac Well Services Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Calfrac Well Services'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.
Calfrac Well Services Return-on-Tangible-Equity Chart
TSX:CFW vs SLB, BKR, HAL: Return-on-Tangible-Equity Comparison
For the Oil & Gas Equipment & Services subindustry, Calfrac Well 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.
Calfrac Well Services Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Calfrac Well Services's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Calfrac Well 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 11.10% mean?
Calfrac Well Services (TSX:CFW) has a Return-on-Tangible-Equity of 11.10% 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 Calfrac Well Services and its competitors. According to the industry distribution chart, Calfrac Well Services ranks #482 out of 947 companies in the Oil & Gas industry, placing it in the top 50.9%.
Is Calfrac Well Services' Return-on-Tangible-Equity too high?
Calfrac Well Services' current Return-on-Tangible-Equity is 11.10%. The Oil & Gas industry median Return-on-Tangible-Equity is 6.74. Calfrac Well Services' value of 11.10% is 64.7% above this industry median. Based on the distribution chart, Calfrac Well Services ranks #482 out of 947 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Calfrac Well Services has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Calfrac Well Services' Return-on-Tangible-Equity compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Calfrac Well Services ranks #482 out of 947 companies for Return-on-Tangible-Equity. This places Calfrac Well Services in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.74. Calfrac Well Services' value of 11.10% is 64.7% 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 6.74, based on 947 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. Calfrac Well Services's current Return-on-Tangible-Equity of 11.10% is 64.7% 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 Calfrac Well Services and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 6.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Calfrac Well Services's current Return-on-Tangible-Equity is 11.10%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Calfrac Well Services stock overvalued right now?
Based on GuruFocus' analysis, Calfrac Well Services (TSX:CFW) is currently considered Significantly Overvalued. The stock's GF Value™ is C$2.97, compared to a current price of C$6.16 — trading 107.4% above its estimated fair value. The current Return-on-Tangible-Equity is 11.10% and 64.7% above the Oil & Gas industry median of 6.74. Calfrac Well Services' overall GF Score™ is 48/100 with 5 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 Calfrac Well Services (TSX:CFW), the current Return-on-Tangible-Equity is 11.10% 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 Calfrac Well Services (TSX:CFW) Overvalued in 2026?
Based on GuruFocus' analysis, Calfrac Well Services stock appears to be overvalued.
The current stock price of C$6.16 is trading 107.4% above its estimated GF Value™ of C$2.97.
GuruFocus considers Calfrac Well Services to be Significantly Overvalued.
Key valuation signals for TSX:CFW:
Return-on-Tangible-Equity: 11.10%
GF Value™: C$2.97 vs. price of C$6.16 (107.4% above fair value)
Industry Position: 64.7% above the Oil & Gas median (#482 of 947)
No single metric tells the full story. See the TSX:CFW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Calfrac Well Services Ltd is an independent provider of specialized oilfield services, including hydraulic fracturing, coiled tubing, cementing, and wireline services for the oil and natural gas industries in the United States, Canada, and Argentina. The company operates through two main segments. Its North America segment provides fracturing services to oil and natural gas companies operating in the Williston Basin in North Dakota, as well as the broader Rockies region. The Argentina segment, which generates the highest revenue, offers fracturing, coiled tubing, cementing, and other well stimulation services to oil and natural gas companies operating in the Neuquen and Comodoro Rivadavia regions.
48GF Score
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