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. Ensign Energy Services's annualized net income for the quarter that ended in Mar. 2026 was C$-45 Mil. Ensign Energy Services's average shareholder tangible equity for the quarter that ended in Mar. 2026 was C$1,287 Mil. Therefore, Ensign Energy Services's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -3.46%.
The historical rank and industry rank for Ensign Energy Services's Return-on-Tangible-Equity or its related term are showing as below:
TSX:ESI'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -12.47 Med: -2.53 Max: 3.42
Current: -4.08
During the past 13 years, Ensign Energy Services's highest Return-on-Tangible-Equity was 3.42%. The lowest was -12.47%. And the median was -2.53%.
TSX:ESI's Return-on-Tangible-Equity is ranked worse than 71.61% of 944
companies
in the Oil & Gas industry
Industry Median: 6.73
vs TSX:ESI: -4.08
Ensign Energy Services (TSX:ESI) 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.
Ensign Energy Services Return-on-Tangible-Equity Related Terms
Ensign Energy Services Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Ensign Energy 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.
Ensign Energy Services Return-on-Tangible-Equity Chart
TSX:ESI vs NE, RIG, VAL: Return-on-Tangible-Equity Comparison
For the Oil & Gas Drilling subindustry, Ensign Energy 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.
Ensign Energy Services Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Ensign Energy Services's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ensign Energy 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 -3.46% mean?
Ensign Energy Services (TSX:ESI) has a Return-on-Tangible-Equity of -3.46% 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 Ensign Energy Services and its competitors. According to the industry distribution chart, Ensign Energy Services ranks #676 out of 944 companies in the Oil & Gas industry, placing it in the top 71.6%.
Is Ensign Energy Services' Return-on-Tangible-Equity too high?
Ensign Energy Services' current Return-on-Tangible-Equity is -3.46%. Based on the distribution chart, Ensign Energy Services ranks #676 out of 944 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Ensign Energy Services has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ensign Energy Services' Return-on-Tangible-Equity compare to NE and RIG?
According to the Oil & Gas industry distribution chart, Ensign Energy Services ranks #676 out of 944 companies for Return-on-Tangible-Equity. This places Ensign Energy Services in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.73. 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. 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 Ensign Energy Services 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. Ensign Energy Services's current Return-on-Tangible-Equity is -3.46%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ensign Energy Services stock overvalued right now?
Based on GuruFocus' analysis, Ensign Energy Services (TSX:ESI) is currently considered Significantly Overvalued. The stock's GF Value™ is C$2.38, compared to a current price of C$3.43 — trading 44.1% above its estimated fair value. The current Return-on-Tangible-Equity is -3.46%. Ensign Energy Services' overall GF Score™ is 75/100 with 3 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 Ensign Energy Services (TSX:ESI), the current Return-on-Tangible-Equity is -3.46% 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 Ensign Energy Services (TSX:ESI) Overvalued in 2026?
Based on GuruFocus' analysis, Ensign Energy Services stock appears to be overvalued.
The current stock price of C$3.43 is trading 44.1% above its estimated GF Value™ of C$2.38.
GuruFocus considers Ensign Energy Services to be Significantly Overvalued.
Key valuation signals for TSX:ESI:
Return-on-Tangible-Equity: -3.46%
GF Value™: C$2.38 vs. price of C$3.43 (44.1% above fair value)
No single metric tells the full story. See the TSX:ESI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ensign Energy Services Inc provides oilfield services to the crude oil and natural gas industries in Canada, the United States, and internationally. In Canada, the Company's oilfield services business includes drilling rigs, oil sands/coring rigs, well servicing, underbalanced and managed pressure drilling, and equipment rental services. In the United States, it offers drilling rigs, directional services, well servicing, equipment rental services, and trucking services, and Internationally. Geographically the company operates in nine countries; Canada, the United States, Argentina, Australia, Bahrain, Kuwait, Oman, United Arab Emirates, and Venezuela.
75GF Score
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