Is Ranger Energy Services, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Ranger Energy Services, Inc. has moved from very attractive to attractive, indicating a shift in perceived value. The company appears to be undervalued, supported by a P/E ratio of 12, a PEG ratio of 0.51, and an EV to EBITDA ratio of 3.18. Compared to peers, ProPetro Holding Corp. has a P/E of 8.97 and an EV to EBITDA of 2.31, while Oil States International, Inc. shows a higher P/E of 18.43 and an EV to EBITDA of 7.50, highlighting Ranger's competitive positioning within the industry.
Despite recent struggles, with a year-to-date return of -19.90% compared to the S&P 500's 13.30%, the long-term performance shows a significant 355.55% return over the past five years, outperforming the S&P 500's 91.29% in the same period. This suggests that while short-term challenges exist, the company's long-term potential remains strong.