ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Baytex Energy's annualized net income for the quarter that ended in Mar. 2026 was MXN-3,540 Mil. Baytex Energy's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was MXN29,607 Mil. Therefore, Baytex Energy's annualized ROE % for the quarter that ended in Mar. 2026 was -11.96%.
The historical rank and industry rank for Baytex Energy's ROE % or its related term are showing as below:
MEX:BTEN'
s ROE % Range Over the Past 10 Years
Min: -138.36 Med: -3.62 Max: 115.69
Current: -21.79
During the past 13 years, Baytex Energy's highest ROE % was 115.69%. The lowest was -138.36%. And the median was -3.62%.
MEX:BTEN's ROE % is ranked worse than 83.91% of 957
companies
in the Oil & Gas industry
Industry Median: 5.71
vs MEX:BTEN: -21.79
Baytex Energy (MEX:BTEN) 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.
Baytex Energy ROE % Related Terms
Baytex Energy ROE % Historical Data
* Premium members only.
The historical data trend for Baytex Energy's ROE % 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.
For the Oil & Gas E&P subindustry, Baytex Energy'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.
Baytex Energy ROE % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Baytex Energy's ROE % distribution charts can be found below:
* The bar in red indicates where Baytex Energy'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.
Baytex Energy (MEX:BTEN) has a ROE % of -11.96% 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 Baytex Energy and its competitors. According to the industry distribution chart, Baytex Energy ranks #803 out of 957 companies in the Oil & Gas industry, placing it in the top 83.9%.
Is Baytex Energy's ROE % too high?
Baytex Energy's current ROE % is -11.96%. Based on the distribution chart, Baytex Energy ranks #803 out of 957 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Baytex Energy has a GF Score™ of 52/100, reflecting its overall financial health beyond just this single metric.
How does Baytex Energy's ROE % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Baytex Energy ranks #803 out of 957 companies for ROE %. This places Baytex Energy in the lower half of its industry. The industry median ROE % is 5.71. 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 5.71, based on 957 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. 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 Baytex Energy and its competitors. For the Oil & Gas industry, the median ROE % is 5.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Baytex Energy's current ROE % is -11.96%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Baytex Energy stock overvalued right now?
Baytex Energy (MEX:BTEN) has a current ROE % of -11.96%. The stock's GF Value™ is MXN38.35, compared to a current price of MXN108.57 — trading 183.1% above its estimated fair value. The current ROE % is -11.96%. Baytex Energy's overall GF Score™ is 52/100 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 Baytex Energy (MEX:BTEN), the current ROE % is -11.96% 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 Baytex Energy (MEX:BTEN) Overvalued in 2026?
Based on GuruFocus' analysis, Baytex Energy stock appears to be overvalued.
The current stock price of MXN108.57 is trading 183.1% above its estimated GF Value™ of MXN38.35.
Key valuation signals for MEX:BTEN:
ROE %: -11.96%
GF Value™: MXN38.35 vs. price of MXN108.57 (183.1% above fair value)
No single metric tells the full story. See the MEX:BTEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Baytex Energy Corp is an oil and gas company. Geographically, the group operates in Canada and the United States. The company derives a majority of revenue from Canada. Its Canada segment includes the exploration, development, and production of crude oil and natural gas in Western Canada.
52GF Score
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