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10-Year Return on Invested Incremental Capital (10-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 10-year.
Western Energy Services's 10-Year ROIIC % for the quarter that ended in Dec. 2025 was 1.90%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Western Energy Services's 10-Year ROIIC % or its related term are showing as below:
TSX:WRG's 10-Year ROIIC % is ranked worse than 53.4% of 839
companies
in the Oil & Gas industry
Industry Median: 3.68
vs TSX:WRG: 1.90
Western Energy Services (TSX:WRG) 10-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Western Energy Services 10-Year ROIIC % Related Terms
Western Energy Services 10-Year ROIIC % 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.
TSX:WRG vs NE, RIG, VAL: 10-Year ROIIC % Comparison
For the Oil & Gas Drilling subindustry, Western Energy Services's 10-Year ROIIC %, along with its competitors' market caps and 10-Year ROIIC % 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.
Western Energy Services 10-Year ROIIC % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Western Energy Services's 10-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Western Energy Services's 10-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 10-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Western Energy Services (TSX:WRG) has a 10-Year ROIIC % of 1.90 as of Dec. 2025. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on Western Energy Services and its competitors. According to the industry distribution chart, Western Energy Services ranks #448 out of 839 companies in the Oil & Gas industry, placing it in the top 53.4%.
Is Western Energy Services' 10-Year ROIIC % too high?
Western Energy Services' current 10-Year ROIIC % is 1.90. The Oil & Gas industry median 10-Year ROIIC % is 3.68. Western Energy Services' value of 1.90 is 48.4% below this industry median. Based on the distribution chart, Western Energy Services ranks #448 out of 839 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Western Energy Services has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Western Energy Services' 10-Year ROIIC % compare to NE and RIG?
According to the Oil & Gas industry distribution chart, Western Energy Services ranks #448 out of 839 companies for 10-Year ROIIC %. This places Western Energy Services in the lower half of its industry. The industry median 10-Year ROIIC % is 3.68. Western Energy Services' value of 1.90 is 48.4% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 10-Year ROIIC % for an Oil & Gas company?
The median 10-Year ROIIC % among Oil & Gas companies is 3.68, based on 839 companies in the industry. Companies in the top quartile (top 25%) have a 10-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 10-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Western Energy Services's current 10-Year ROIIC % of 1.90 is 48.4% below 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 10-Year ROIIC % mean?
A high 10-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on Western Energy Services and its competitors. For the Oil & Gas industry, the median 10-Year ROIIC % is 3.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Western Energy Services's current 10-Year ROIIC % is 1.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Energy Services stock overvalued right now?
Based on GuruFocus' analysis, Western Energy Services (TSX:WRG) is currently considered Significantly Overvalued. The stock's GF Value™ is C$2.47, compared to a current price of C$3.40 — trading 37.7% above its estimated fair value. The current 10-Year ROIIC % is 1.90 and 48.4% below the Oil & Gas industry median of 3.68. Western Energy Services' overall GF Score™ is 51/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 10-Year ROIIC % calculated?
10-Year ROIIC % is calculated from a company's financial statements. For Western Energy Services (TSX:WRG), the current 10-Year ROIIC % is 1.90 as of Dec. 2025. 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 Western Energy Services (TSX:WRG) Overvalued in 2026?
Based on GuruFocus' analysis, Western Energy Services stock appears to be overvalued.
The current stock price of C$3.40 is trading 37.7% above its estimated GF Value™ of C$2.47.
GuruFocus considers Western Energy Services to be Significantly Overvalued.
Key valuation signals for TSX:WRG:
10-Year ROIIC %: 1.90
GF Value™: C$2.47 vs. price of C$3.40 (37.7% above fair value)
Industry Position: 48.4% below the Oil & Gas median (#448 of 839)
No single metric tells the full story. See the TSX:WRG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Western Energy Services Corp is an energy service company providing contract drilling services through its division, Horizon Drilling in Canada, and its wholly owned subsidiary in the United States. The company provides production services in Canada through its division Eagle Well Servicing (Eagle) which provides well servicing and its division Aero Rental Services (Aero), which provides rental equipment services. It operates in two segments. Contract drilling includes drilling rigs along with related ancillary equipment. Production services include well servicing rigs and related equipment, as well as rental equipment. The contract drilling segment derives the majority of the revenue.
51GF Score
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