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ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
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. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.
* 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 Drilling subindustry, ADNOC Drilling Company PJSC's ROE %, along with its competitors' market caps and ROE % 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.
ADNOC Drilling Company PJSC ROE % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, ADNOC Drilling Company PJSC's ROE % distribution charts can be found below:
* The bar in red indicates where ADNOC Drilling Company PJSC's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder 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.
ROE % is displayed in the 30-year financial page.
ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) has a ROE % of 32.45% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on ADNOC Drilling Company PJSC and its competitors. This is 25% above median its historical median of 26.01. Over the past decade, ADNOC Drilling Company PJSC's ROE % has ranged from 17.15 to 36.85. According to the industry distribution chart, ADNOC Drilling Company PJSC ranks #58 out of 956 companies in the Oil & Gas industry, placing it in the top 6.1%.
Is ADNOC Drilling Company PJSC's ROE % too high?
ADNOC Drilling Company PJSC's current ROE % of 32.45% is 25% above median its 10-year median of 26.01. Over the past 10 years, this metric has ranged from a low of 17.15 to a high of 36.85. The Oil & Gas industry median ROE % is 6.08. ADNOC Drilling Company PJSC's value of 32.45% is 434.2% above this industry median. Based on the distribution chart, ADNOC Drilling Company PJSC ranks #58 out of 956 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, ADNOC Drilling Company PJSC has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ADNOC Drilling Company PJSC's ROE % compare to NE and RIG?
According to the Oil & Gas industry distribution chart, ADNOC Drilling Company PJSC ranks #58 out of 956 companies for ROE %. This places ADNOC Drilling Company PJSC in the top 6% of its industry — outperforming the majority of peers. The industry median ROE % is 6.08. ADNOC Drilling Company PJSC's value of 32.45% is 434.2% above this benchmark. Historically, ADNOC Drilling Company PJSC's own ROE % has ranged from 17.15 to 36.85 over the past decade. While the company's 10-year median is 26.01 vs. the industry median of 6.08, ADNOC Drilling Company PJSC 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 ROE % for an Oil & Gas company?
The median ROE % among Oil & Gas companies is 6.08, based on 956 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ADNOC Drilling Company PJSC's current ROE % of 32.45% is 434.2% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on ADNOC Drilling Company PJSC and its competitors. For the Oil & Gas industry, the median ROE % is 6.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ADNOC Drilling Company PJSC's current ROE % is 32.45%, which is 25% above median its own 10-year median of 26.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ADNOC Drilling Company PJSC stock overvalued right now?
Based on GuruFocus' analysis, ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) is currently considered Modestly Undervalued. The stock's GF Value™ is د.إ6.49, compared to a current price of د.إ5.82 — trading 10.3% below its estimated fair value. The current ROE % is 32.45%, which is 25% above median its 10-year median of 26.01 and 434.2% above the Oil & Gas industry median of 6.08. ADNOC Drilling Company PJSC's overall GF Score™ is 90/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For ADNOC Drilling Company PJSC (ADX:ADNOCDRILL), the current ROE % is 32.45% 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 ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) Overvalued in 2026?
Based on GuruFocus' analysis, ADNOC Drilling Company PJSC stock appears to be undervalued.
The current stock price of د.إ5.82 is trading 10.3% below its estimated GF Value™ of د.إ6.49.
GuruFocus considers ADNOC Drilling Company PJSC to be Modestly Undervalued.
Key valuation signals for ADX:ADNOCDRILL:
ROE %: 32.45% (25% above median its 10-year median of 26.01)
GF Value™: د.إ6.49 vs. price of د.إ5.82 (10.3% below fair value)
Industry Position: 434.2% above the Oil & Gas median (#58 of 956)
No single metric tells the full story. See the ADX:ADNOCDRILL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ADNOC Drilling Company PJSC is engaged in providing drilling services and supporting marine equipment, and the hiring out of onshore and offshore drilling rigs on behalf of related parties involved in onshore and offshore oil and gas exploration. The operating business segments are Onshore, Offshore, and OilField Services, with maximum revenue from the Onshore segment.
90GF Score
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