Total Energy Services (TSX:TOT) ROCE %: 16.95% (As of Mar. 2026)


TSX:TOT Total Energy Services Inc TSX:TOT
87 GF Score
Price C$21.36
GF Value C$14.20
Valuation Significantly Overvalued
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What is Total Energy Services ROCE %?

Total Energy Services TSX:TOT -0.60% 87 ROCE % is 16.95% as of Mar. 2026. GuruFocus rates TSX:TOT with a GF Score™ of 87/100 and a GF Value™ of C$14.20 (Significantly Overvalued).

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. Total Energy Services's annualized ROCE % for the quarter that ended in Mar. 2026 was 16.95%.

Total Energy Services  (TSX:TOT) 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.

Total Energy Services ROCE % Related Terms

Total Energy Services ROCE % Historical Data

* Premium members only.

The historical data trend for Total Energy Services'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.

Total Energy Services ROCE % Chart

Total Energy Services Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.38 7.39 12.82 11.71 14.21

Total Energy Services Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 15.39 12.28 10.44 17.63 16.95
TSX:TOT
87GF Score
Total Energy Services Inc TSX:TOT
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Total Energy Services ROCE % Calculation

Total Energy Services'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 )
=102.609/( ( (937.708 - 230.461) + (1000.102 - 262.895) )/ 2 )
=102.609/( (707.247+737.207)/ 2 )
=102.609/722.227
=14.21 %

Total Energy Services'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 )
=125.84/( ( (1000.102 - 262.895) + (1069.786 - 322.204) )/ 2 )
=125.84/( ( 737.207 + 747.582 )/ 2 )
=125.84/742.3945
=16.95 %

(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 16.95% mean?
Total Energy Services (TSX:TOT) has a ROCE % of 16.95% as of Mar. 2026.
Is Total Energy Services' ROCE % too high?
Total Energy Services' current ROCE % is 16.95%. The Oil & Gas industry median ROCE % is 6.79. Total Energy Services' value of 16.95% is 149.6% above this industry median. Overall, Total Energy Services has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Total Energy Services' ROCE % compare to SLB and BKR?
Total Energy Services' ROCE % of 16.95% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.79. Total Energy Services' value of 16.95% is 149.6% 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 6.79, based on 977 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. Total Energy Services's current ROCE % of 16.95% is 149.6% 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 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Total Energy Services's current ROCE % is 16.95%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Total Energy Services stock overvalued right now?
Based on GuruFocus' analysis, Total Energy Services (TSX:TOT) is currently considered Significantly Overvalued. The stock's GF Value™ is C$14.20, compared to a current price of C$21.36 — trading 50.4% above its estimated fair value. The current ROCE % is 16.95% and 149.6% above the Oil & Gas industry median of 6.79. Total Energy Services' overall GF Score™ is 87/100. 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 Total Energy Services (TSX:TOT), the current ROCE % is 16.95% 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 Total Energy Services (TSX:TOT) Overvalued in 2026?

Based on GuruFocus' analysis, Total Energy Services stock appears to be overvalued. The current stock price of C$21.36 is trading 50.4% above its estimated GF Value™ of C$14.20. GuruFocus considers Total Energy Services to be Significantly Overvalued.

Key valuation signals for TSX:TOT:

  • ROCE %: 16.95%
  • GF Value™: C$14.20 vs. price of C$21.36 (50.4% above fair value)
  • GF Score™: 87/100
  • Industry Position: 149.6% above the Oil & Gas median

No single metric tells the full story. See the TSX:TOT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Total Energy Services Business Description

Industry EnergyOil & Gas
Other Exchanges TOTZF:USA0S9F:UK5O7:Germany
Address 1000, 734-7th Av. S.W, Calgary, AB, CAN, T2P 3P8
Total Energy Services Inc is a diversified energy services provider based in Calgary, Alberta. The company provides various products and services to the energy and other resource industries in Canada, the United States and Australia, including contract drilling services, the rental and transportation of equipment used in energy and other industrial operations, the fabrication, sale, rental and servicing of gas compression and process equipment and well servicing. Its segments include Contract Drilling Services, Rentals and Transportation Services, Compression and Process Services, and Well Servicing. It derives majority of the revenue from Compression and Process Services segment that involves the design, manufacture, installation, start-up and service of compression and process equipment.
87GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$21.36
Price
C$14.20
GF Value