NESR (National Energy Services Reunited) ROCE %: 11.95% (As of Mar. 2026)


NESR National Energy Services Reunited Corp NESR
62 GF Score
Price $27.90
GF Value $10.65
Valuation Significantly Overvalued
! 7 Warning Signs
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What is National Energy Services Reunited ROCE %?

National Energy Services Reunited NESR -3.13% 62 ROCE % is 11.95% as of Mar. 2026. GuruFocus rates NESR with a GF Score™ of 62/100 and a GF Value™ of $10.65 (Significantly Overvalued). The stock has 7 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. National Energy Services Reunited's annualized ROCE % for the quarter that ended in Mar. 2026 was 11.95%.

National Energy Services Reunited  (NAS:NESR) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

National Energy Services Reunited ROCE % Related Terms

National Energy Services Reunited ROCE % Historical Data

* Premium members only.

The historical data trend for National Energy Services Reunited's ROCE % 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.

National Energy Services Reunited ROCE % Chart

National Energy Services Reunited Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only -3.33 0.32 5.94 10.68 7.38

National Energy Services Reunited Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.94 8.84 6.43 7.17 11.95
NESR
62GF Score
National Energy Services Reunited Corp NESR
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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National Energy Services Reunited ROCE % Calculation

National Energy Services Reunited's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=92.911/( ( (1773.678 - 503.512) + (1851.519 - 604.92) )/ 2 )
=92.911/( (1270.166+1246.599)/ 2 )
=92.911/1258.3825
=7.38 %

National Energy Services Reunited's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=149.936/( ( (1851.519 - 604.92) + (1923.93 - 660.288) )/ 2 )
=149.936/( ( 1246.599 + 1263.642 )/ 2 )
=149.936/1255.1205
=11.95 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 11.95% mean?
National Energy Services Reunited (NESR) has a ROCE % of 11.95% as of Mar. 2026.
Is National Energy Services Reunited's ROCE % too high?
National Energy Services Reunited's current ROCE % is 11.95%. The Oil & Gas industry median ROCE % is 6.86. National Energy Services Reunited's value of 11.95% is 74.3% above this industry median. 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 ROCE % compare to WTTR and TDW?
National Energy Services Reunited's ROCE % of 11.95% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.86. National Energy Services Reunited's value of 11.95% is 74.3% 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 ROCE % for an Oil & Gas company?
The median ROCE % among Oil & Gas companies is 6.86, based on 978 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Energy Services Reunited's current ROCE % of 11.95% is 74.3% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median ROCE % is 6.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Energy Services Reunited's current ROCE % is 11.95%. 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 ROCE % is 11.95% and 74.3% above the Oil & Gas industry median of 6.86. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For National Energy Services Reunited (NESR), the current ROCE % is 11.95% 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:

  • ROCE %: 11.95%
  • GF Value™: $10.65 vs. price of $27.90 (162% above fair value)
  • GF Score™: 62/100 with 7 warning signs
  • Industry Position: 74.3% above the Oil & Gas median

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

Industry EnergyOil & Gas
Address 777 Post Oak Boulevard, Suite 730, 7th Floor, Houston, TX, USA, 77056
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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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$27.90
Price
$10.65
GF Value