SHSE:600968'
s ROE % Range Over the Past 10 Years
Min: 4.77 Med: 8.71 Max: 14.12
Current: 13.66
During the past 13 years, CNOOC Energy Technology & Services's highest ROE % was 14.12%. The lowest was 4.77%. And the median was 8.71%.
SHSE:600968's ROE % is ranked better than 73.56% of 957
companies
in the Oil & Gas industry
Industry Median: 5.74
vs SHSE:600968: 13.66
CNOOC Energy Technology & Services (SHSE:600968) 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.
CNOOC Energy Technology & Services ROE % Related Terms
CNOOC Energy Technology & Services ROE % 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, CNOOC Energy Technology & Services'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.
CNOOC Energy Technology & Services ROE % 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 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.
CNOOC Energy Technology & Services (SHSE:600968) has a ROE % of 8.54% 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 CNOOC Energy Technology & Services and its competitors. This is near median its historical median of 8.71. Over the past decade, CNOOC Energy Technology & Services' ROE % has ranged from 4.77 to 14.12. According to the industry distribution chart, CNOOC Energy Technology & Services ranks #253 out of 957 companies in the Oil & Gas industry, placing it in the top 26.4%.
Is CNOOC Energy Technology & Services' ROE % too high?
CNOOC Energy Technology & Services' current ROE % of 8.54% is near median its 10-year median of 8.71. Over the past 10 years, this metric has ranged from a low of 4.77 to a high of 14.12. The Oil & Gas industry median ROE % is 5.74. CNOOC Energy Technology & Services' value of 8.54% is 48.8% above this industry median. Based on the distribution chart, CNOOC Energy Technology & Services ranks #253 out of 957 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, CNOOC Energy Technology & Services has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CNOOC Energy Technology & Services' ROE % compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, CNOOC Energy Technology & Services ranks #253 out of 957 companies for ROE %. This puts CNOOC Energy Technology & Services in the upper half of its industry. The industry median ROE % is 5.74. CNOOC Energy Technology & Services' value of 8.54% is 48.8% above this benchmark. Historically, CNOOC Energy Technology & Services' own ROE % has ranged from 4.77 to 14.12 over the past decade. While the company's 10-year median is 8.71 vs. the industry median of 5.74, CNOOC Energy Technology & Services 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 5.74, 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. CNOOC Energy Technology & Services's current ROE % of 8.54% is 48.8% 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 CNOOC Energy Technology & Services and its competitors. For the Oil & Gas industry, the median ROE % is 5.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CNOOC Energy Technology & Services's current ROE % is 8.54%, which is near median its own 10-year median of 8.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CNOOC Energy Technology & Services stock overvalued right now?
Based on GuruFocus' analysis, CNOOC Energy Technology & Services (SHSE:600968) is currently considered Fairly Valued. The stock's GF Value™ is ¥3.89, compared to a current price of ¥3.80 — trading 2.3% below its estimated fair value. The current ROE % is 8.54%, which is near median its 10-year median of 8.71 and 48.8% above the Oil & Gas industry median of 5.74. CNOOC Energy Technology & Services' overall GF Score™ is 89/100 with 2 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 CNOOC Energy Technology & Services (SHSE:600968), the current ROE % is 8.54% 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 CNOOC Energy Technology & Services (SHSE:600968) Overvalued in 2026?
Based on GuruFocus' analysis, CNOOC Energy Technology & Services stock appears to be undervalued.
The current stock price of ¥3.80 is trading 2.3% below its estimated GF Value™ of ¥3.89.
GuruFocus considers CNOOC Energy Technology & Services to be Fairly Valued.
Key valuation signals for SHSE:600968:
ROE %: 8.54% (near median its 10-year median of 8.71)
GF Value™: ¥3.89 vs. price of ¥3.80 (2.3% below fair value)
Industry Position: 48.8% above the Oil & Gas median (#253 of 957)
No single metric tells the full story. See the SHSE:600968 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CNOOC Energy Technology & Services Business Description
CNOOC Energy Technology & Services Ltd is a diversified industrial group that covers majority of the upstream and downstream sectors of the oil and gas industry chain, forming four core business segments: Energy technology services; Floating Production Storage and Offloading (FPSO) Production Technical Service segment; Energy logistics services; and the Safety, environmental protection and Energy conservation.
89GF Score
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