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Western Energy ServicesWEEEF 52 Return-on-Tangible-Equity is 2.68% as of Mar. 2026. GuruFocus rates WEEEF with a GF Score™ of 52/100 and a GF Value™ of $1.75 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 942 Oil & Gas companies, Western Energy Services ranks worse than 78.34% on this metric.
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. Western Energy Services's annualized net income for the quarter that ended in Mar. 2026 was $5.1 Mil. Western Energy Services's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $192.3 Mil. Therefore, Western Energy Services's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 2.68%.
The historical rank and industry rank for Western Energy Services's Return-on-Tangible-Equity or its related term are showing as below:
WEEEF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -26.24 Med: -10.35 Max: 11.96
Current: -9.49
During the past 13 years, Western Energy Services's highest Return-on-Tangible-Equity was 11.96%. The lowest was -26.24%. And the median was -10.35%.
WEEEF's Return-on-Tangible-Equity is ranked worse than 78.34% of 942
companies
in the Oil & Gas industry
Industry Median: 6.77
vs WEEEF: -9.49
Western Energy Services (OTCPK:WEEEF) 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.
Western Energy Services Return-on-Tangible-Equity Related Terms
Western Energy Services Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Western 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.
Western Energy Services Return-on-Tangible-Equity Chart
WEEEF vs NE, RIG, VAL: Return-on-Tangible-Equity Comparison
For the Oil & Gas Drilling subindustry, Western 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.
Western Energy Services Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Western Energy Services's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Western 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 2.68% mean?
Western Energy Services (WEEEF) has a Return-on-Tangible-Equity of 2.68% 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 Western Energy Services and its competitors. According to the industry distribution chart, Western Energy Services ranks #738 out of 942 companies in the Oil & Gas industry, placing it in the top 78.3%.
Is Western Energy Services' Return-on-Tangible-Equity too high?
Western Energy Services' current Return-on-Tangible-Equity is 2.68%. The Oil & Gas industry median Return-on-Tangible-Equity is 6.77. Western Energy Services' value of 2.68% is 60.4% below this industry median. Based on the distribution chart, Western Energy Services ranks #738 out of 942 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Western Energy Services has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Western Energy Services' Return-on-Tangible-Equity compare to NE and RIG?
According to the Oil & Gas industry distribution chart, Western Energy Services ranks #738 out of 942 companies for Return-on-Tangible-Equity. This places Western Energy Services in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.77. Western Energy Services' value of 2.68% is 60.4% below 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 6.77, 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. Western Energy Services's current Return-on-Tangible-Equity of 2.68% is 60.4% below 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 Western Energy Services 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. Western Energy Services's current Return-on-Tangible-Equity is 2.68%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Energy Services stock overvalued right now?
Based on GuruFocus' analysis, Western Energy Services (WEEEF) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.75, compared to a current price of $2.30 — trading 31.4% above its estimated fair value. The current Return-on-Tangible-Equity is 2.68% and 60.4% below the Oil & Gas industry median of 6.77. Western Energy Services' overall GF Score™ is 52/100 with 6 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 Western Energy Services (WEEEF), the current Return-on-Tangible-Equity is 2.68% 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 Western Energy Services (WEEEF) Overvalued in 2026?
Based on GuruFocus' analysis, Western Energy Services stock appears to be overvalued.
The current stock price of $2.30 is trading 31.4% above its estimated GF Value™ of $1.75.
GuruFocus considers Western Energy Services to be Significantly Overvalued.
Key valuation signals for WEEEF:
Return-on-Tangible-Equity: 2.68%
GF Value™: $1.75 vs. price of $2.30 (31.4% above fair value)
Industry Position: 60.4% below the Oil & Gas median (#738 of 942)
No single metric tells the full story. See the WEEEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Western Energy Services Corp is an energy service company providing contract drilling services through its division, Horizon Drilling in Canada, and its wholly owned subsidiary in the United States. The company provides production services in Canada through its division Eagle Well Servicing (Eagle) which provides well servicing and its division Aero Rental Services (Aero), which provides rental equipment services. It operates in two segments. Contract drilling includes drilling rigs along with related ancillary equipment. Production services include well servicing rigs and related equipment, as well as rental equipment. The contract drilling segment derives the majority of the revenue.
52GF Score
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