Ranger Energy Services, Inc. (RNGR) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+490.4%

$84.90

vs $14.38 price

Levered DCF

$46.41

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

3.07

Safe zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	25.42×	18.88×	10.55×	16.68×	14.07×	-1.97×	12.63×	-13.26×
P/B	1.04×	1.27×	0.93×	0.95×	0.49×	0.3×	0.49×	0.43×
P/S	0.57×	0.61×	0.4×	0.42×	0.42×	0.17×	0.17×	0.14×
EV / EBITDA	5.11×	4.55×	3.47×	4.24×	6.1×	2.91×	2.21×	3.99×
Gross margin	8.0%	9.5%	10.2%	9.9%	-2.4%	2.6%	11.6%	11.8%
Operating margin	2.6%	4.6%	5.6%	3.3%	-14.2%	-9.2%	3.7%	-0.7%
Net margin	2.2%	3.2%	3.7%	2.5%	2.9%	-5.5%	0.5%	-1.1%
Current ratio	1.75×	2.21×	1.96×	1.88×	1.02×	1.08×	1.07×	1.04×
Debt / equity	0.11×	0.08×	0.08×	0.14×	0.33×	0.29×	0.49×	0.7×
Interest coverage	12×	10.15×	10.14×	2.78×	-8.32×	-5.06×	2.14×	-0.57×
Dividend yield	1.8%	1.3%	1.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	44.7%	24.5%	10.1%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	4.1%	6.7%	8.8%	5.7%	3.5%	-10.1%	1.6%	-3.2%
Return on invested capital	2.7%	5.7%	8.6%	6.0%	-3.1%	-7.9%	3.2%	-0.8%
Return on assets	2.9%	4.8%	6.3%	4.0%	2.2%	-4.3%	0.6%	-1.1%
Free cash flow yield	13.7%	14.5%	21.6%	12.1%	-36.9%	58.9%	49.8%	-110.9%
Earnings yield	3.9%	5.3%	9.5%	6.0%	7.1%	-33.2%	3.2%	-7.6%
Enterprise value	$333.9M	$330.5M	$258.3M	$287.3M	$204.2M	$58M	$104.3M	$112.5M
Net debt / EBITDA	0.33×	-0.25×	0.09×	0.51×	2.46×	1.35×	1.03×	2.44×
Cash conversion cycle (days)	41	34	35	48	79	31	24	34