North American Construction Group (TSX:NOA) Price-to-Operating-Cash-Flow: 2.50 (As of Jun. 24, 2026) — 29% Below Median


TSX:NOA North American Construction Group Ltd TSX:NOA
89 GF Score
Price C$19.17
GF Value C$34.40
Valuation Possible Value Trap
! 7 Warning Signs
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What is North American Construction Group Price-to-Operating-Cash-Flow?

North American Construction Group TSX:NOA -0.47% 89 Price-to-Operating-Cash-Flow is 2.50 as of Jun. 24, 2026, which is 29% below its 10-year median of 3.54. GuruFocus rates TSX:NOA with a GF Score™ of 89/100 and a GF Value™ of C$34.40 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 716 Oil & Gas companies, North American Construction Group ranks better than 84.22% on this metric.

As of today (2026-06-24), North American Construction Group's share price is C$19.17. North American Construction Group's Cash Flow from Operations per share for the trailing twelve months (TTM) ended in Mar. 2026 was C$7.67. Hence, North American Construction Group's Price-to-Operating-Cash-Flow Ratio for today is 2.50.

The historical rank and industry rank for North American Construction Group's Price-to-Operating-Cash-Flow or its related term are showing as below:

TSX:NOA' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 1.37   Med: 3.54   Max: 6.07
Current: 2.5

During the past 13 years, North American Construction Group's highest Price-to-Operating-Cash-Flow Ratio was 6.07. The lowest was 1.37. And the median was 3.54.

TSX:NOA's Price-to-Operating-Cash-Flow is ranked better than
84.22% of 716 companies
in the Oil & Gas industry
Industry Median: 6.27 vs TSX:NOA: 2.50

North American Construction Group's Cash Flow from Operations per share for the three months ended in Mar. 2026 was C$1.05. Its Cash Flow from Operations per share for the trailing twelve months (TTM) ended in Mar. 2026 was C$7.67.

During the past 12 months, the average Operating Cash Flow per Share Growth Rate of North American Construction Group was -10.20% per year. During the past 3 years, the average Operating Cash Flow per Share Growth Rate was 18.10% per year. During the past 5 years, the average Operating Cash Flow per Share Growth Rate was 14.40% per year. During the past 10 years, the average Operating Cash Flow per Share Growth Rate was 18.40% per year.

During the past 13 years, North American Construction Group's highest 3-Year average Operating Cash Flow per Share Growth Rate was 53.50% per year. The lowest was -25.30% per year. And the median was 14.20% per year.


North American Construction Group Price-to-Operating-Cash-Flow Related Terms


North American Construction Group Price-to-Operating-Cash-Flow Historical Data

* Premium members only.

The historical data trend for North American Construction Group's Price-to-Operating-Cash-Flow 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.

North American Construction Group Price-to-Operating-Cash-Flow Chart

North American Construction Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Price-to-Operating-Cash-Flow
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.94 3.63 3.28 4.24 2.41

North American Construction Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Price-to-Operating-Cash-Flow Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.66 2.56 2.05 2.41 2.45

TSX:NOA vs SLB, BKR, HAL: Price-to-Operating-Cash-Flow Comparison

For the Oil & Gas Equipment & Services subindustry, North American Construction Group's Price-to-Operating-Cash-Flow, along with its competitors' market caps and Price-to-Operating-Cash-Flow 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.


North American Construction Group Price-to-Operating-Cash-Flow vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, North American Construction Group's Price-to-Operating-Cash-Flow distribution charts can be found below:

* The bar in red indicates where North American Construction Group's Price-to-Operating-Cash-Flow falls into.


TSX:NOA
89GF Score
North American Construction Group Ltd TSX:NOA
Price-to-Operating-Cash-Flow is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

North American Construction Group Price-to-Operating-Cash-Flow Calculation

North American Construction Group's Price-to-Operating-Cash-Flow ratio for today is calculated as

Price-to-Operating-Cash-Flow Ratio=Share Price/Cash Flow from Operations per share (TTM)
=19.17/7.671
=2.50

North American Construction Group's Share Price of today is C$19.17.
North American Construction Group's Cash Flow from Operations per share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$7.67.

* 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.

Note: Cash Flow from Operations per share is calculated as Cash Flow from Operations divided by Shares Outstanding (Diluted Average).

It can also be calculated from the numbers for the whole company:

Price-to-Operating-Cash-Flow Ratio=Market Cap/Cash Flow from Operations
What does a Price-to-Operating-Cash-Flow of 2.50 mean?
North American Construction Group (TSX:NOA) has a Price-to-Operating-Cash-Flow of 2.50 as of Jun. 24, 2026. Price-to-operating-cash-flow ratio is the ratio of share price to a company's per-share cash from operations. View historical data on North American Construction Group and its competitors. This is 29% below median its historical median of 3.54. Over the past decade, North American Construction Group's Price-to-Operating-Cash-Flow has ranged from 1.37 to 6.07. According to the industry distribution chart, North American Construction Group ranks #113 out of 716 companies in the Oil & Gas industry, placing it in the top 15.8%.
Is North American Construction Group's Price-to-Operating-Cash-Flow too high?
North American Construction Group's current Price-to-Operating-Cash-Flow of 2.50 is 29% below median its 10-year median of 3.54. Over the past 10 years, this metric has ranged from a low of 1.37 to a high of 6.07. The Oil & Gas industry median Price-to-Operating-Cash-Flow is 6.27. North American Construction Group's value of 2.50 is 60.1% below this industry median. Based on the distribution chart, North American Construction Group ranks #113 out of 716 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, North American Construction Group has a GF Score™ of 89/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does North American Construction Group's Price-to-Operating-Cash-Flow compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, North American Construction Group ranks #113 out of 716 companies for Price-to-Operating-Cash-Flow. This places North American Construction Group in the top 16% of its industry — outperforming the majority of peers. The industry median Price-to-Operating-Cash-Flow is 6.27. North American Construction Group's value of 2.50 is 60.1% below this benchmark. Historically, North American Construction Group's own Price-to-Operating-Cash-Flow has ranged from 1.37 to 6.07 over the past decade. While the company's 10-year median is 3.54 vs. the industry median of 6.27, North American Construction Group has consistently been below 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 Price-to-Operating-Cash-Flow for an Oil & Gas company?
The median Price-to-Operating-Cash-Flow among Oil & Gas companies is 6.27, based on 716 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Operating-Cash-Flow significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Operating-Cash-Flow should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. North American Construction Group's current Price-to-Operating-Cash-Flow of 2.50 is 60.1% 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 Price-to-Operating-Cash-Flow mean?
A high Price-to-Operating-Cash-Flow can signal that a stock is expensive relative to its fundamentals. Price-to-operating-cash-flow ratio is the ratio of share price to a company's per-share cash from operations. View historical data on North American Construction Group and its competitors. For the Oil & Gas industry, the median Price-to-Operating-Cash-Flow is 6.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. North American Construction Group's current Price-to-Operating-Cash-Flow is 2.50, which is 29% below median its own 10-year median of 3.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is North American Construction Group stock overvalued right now?
Based on GuruFocus' analysis, North American Construction Group (TSX:NOA) is currently considered Possible Value Trap. The stock's GF Value™ is C$34.40, compared to a current price of C$19.17 — trading 44.3% below its estimated fair value. The current Price-to-Operating-Cash-Flow is 2.50, which is 29% below median its 10-year median of 3.54 and 60.1% below the Oil & Gas industry median of 6.27. North American Construction Group's overall GF Score™ is 89/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Operating-Cash-Flow calculated?
Price-to-Operating-Cash-Flow is calculated from a company's financial statements. For North American Construction Group (TSX:NOA), the current Price-to-Operating-Cash-Flow is 2.50 as of Jun. 24, 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 North American Construction Group (TSX:NOA) Overvalued in 2026?

Based on GuruFocus' analysis, North American Construction Group stock appears to be undervalued. The current stock price of C$19.17 is trading 44.3% below its estimated GF Value™ of C$34.40. GuruFocus considers North American Construction Group to be Possible Value Trap.

Key valuation signals for TSX:NOA:

  • Price-to-Operating-Cash-Flow: 2.50 (29% below median its 10-year median of 3.54)
  • GF Value™: C$34.40 vs. price of C$19.17 (44.3% below fair value)
  • GF Score™: 89/100 with 7 warning signs
  • Industry Position: 60.1% below the Oil & Gas median (#113 of 716)

No single metric tells the full story. See the TSX:NOA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


North American Construction Group Business Description

Industry EnergyOil & Gas
Other Exchanges NOA:USAN5Z:Germany
Address 27287 - 100 Avenue Acheson, Acheson, AB, CAN, T7X 6H8
North American Construction Group Ltd is Canada's heavy civil construction and mining contractor provider. The company has provided services to oil, natural gas, and resource companies. The Company provides a wide range of mining and heavy civil construction services to customer in the resource development and industrial construction sectors within Canada, the United States, and Australia. The Company's reportable segments are Heavy Equipment Canada, Heavy Equipment Australia, and Other. Heavy Equipment Canada and Heavy Equipment Australia include all of aspects of the mining and heavy civil construction services provided within those geographic areas. Other includes mine management contract work in the United States, its external maintenance and rebuild programs.
89GF Score

Get the complete analysis for TSX:NOA

Price-to-Operating-Cash-Flow is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$19.17
Price
C$34.40
GF Value