NESR'
s ROA % Range Over the Past 10 Years
Min: -3.67 Med: 1.03 Max: 4.27
Current: 3.52
During the past 9 years, National Energy Services Reunited's highest ROA % was 4.27%. The lowest was -3.67%. And the median was 1.03%.
NESR's ROA % is ranked better than 60.37% of 1027
companies
in the Oil & Gas industry
Industry Median: 1.89
vs NESR: 3.52
National Energy Services Reunited (NAS:NESR) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
National Energy Services Reunited ROA % Related Terms
National Energy Services Reunited ROA % 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.
For the Oil & Gas Equipment & Services subindustry, National Energy Services Reunited's ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Oil & Gas Industry
* 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 ROA %, the net income of the last fiscal year and the average total assets 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.
ROA % is displayed in the 30-year financial page.
National Energy Services Reunited (NESR) has a ROA % of 5.05% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on National Energy Services Reunited and its competitors. This is 390% above median its historical median of 1.03. According to the industry distribution chart, National Energy Services Reunited ranks #407 out of 1027 companies in the Oil & Gas industry, placing it in the top 39.6%.
Is National Energy Services Reunited's ROA % too high?
National Energy Services Reunited's current ROA % of 5.05% is 390% above median its 10-year median of 1.03. The Oil & Gas industry median ROA % is 1.89. National Energy Services Reunited's value of 5.05% is 167.2% above this industry median. Based on the distribution chart, National Energy Services Reunited ranks #407 out of 1027 companies in the Oil & Gas industry, which is above the industry midpoint. 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 ROA % compare to WTTR and TDW?
According to the Oil & Gas industry distribution chart, National Energy Services Reunited ranks #407 out of 1027 companies for ROA %. This puts National Energy Services Reunited in the upper half of its industry. The industry median ROA % is 1.89. National Energy Services Reunited's value of 5.05% is 167.2% above this benchmark. While the company's 10-year median is 1.03 vs. the industry median of 1.89, 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 ROA % for an Oil & Gas company?
The median ROA % among Oil & Gas companies is 1.89, based on 1,027 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Energy Services Reunited's current ROA % of 5.05% is 167.2% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on National Energy Services Reunited and its competitors. For the Oil & Gas industry, the median ROA % is 1.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Energy Services Reunited's current ROA % is 5.05%, which is 390% above median its own 10-year median of 1.03. 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 ROA % is 5.05%, which is 390% above median its 10-year median of 1.03 and 167.2% above the Oil & Gas industry median of 1.89. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For National Energy Services Reunited (NESR), the current ROA % is 5.05% 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:
ROA %: 5.05% (390% above median its 10-year median of 1.03)
GF Value™: $10.65 vs. price of $27.90 (162% above fair value)
Industry Position: 167.2% above the Oil & Gas median (#407 of 1027)
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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