North American Construction GroupNOA +1.78%84 Return-on-Tangible-Equity is 4.92% as of Mar. 2026, which is 69% below its 10-year median of 15.80. GuruFocus rates NOA with a GF Score™ of 84/100 and a GF Value™ of $24.49 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 947 Oil & Gas companies, North American Construction Group ranks better than 51.53% on this metric.
The historical rank and industry rank for North American Construction Group's Return-on-Tangible-Equity or its related term are showing as below:
NOA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -0.27 Med: 15.8 Max: 23.53
Current: 7.33
During the past 13 years, North American Construction Group's highest Return-on-Tangible-Equity was 23.53%. The lowest was -0.27%. And the median was 15.80%.
NOA's Return-on-Tangible-Equity is ranked better than 51.53% of 947
companies
in the Oil & Gas industry
Industry Median: 6.74
vs NOA: 7.33
North American Construction Group (NYSE:NOA) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity 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 Return-on-Tangible-Equitys can be extremely high.
North American Construction Group Return-on-Tangible-Equity Related Terms
North American Construction Group Return-on-Tangible-Equity 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.
North American Construction Group Return-on-Tangible-Equity Chart
NOA vs SLB, BKR, HAL: Return-on-Tangible-Equity Comparison
For the Oil & Gas Equipment & Services subindustry, North American Construction Group's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, North American Construction Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where North American Construction Group's Return-on-Tangible-Equity 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 4.92% mean?
North American Construction Group (NOA) has a Return-on-Tangible-Equity of 4.92% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on North American Construction Group and its competitors. This is 69% below median its historical median of 15.80. According to the industry distribution chart, North American Construction Group ranks #459 out of 947 companies in the Oil & Gas industry, placing it in the top 48.5%.
Is North American Construction Group's Return-on-Tangible-Equity too high?
North American Construction Group's current Return-on-Tangible-Equity of 4.92% is 69% below median its 10-year median of 15.80. The Oil & Gas industry median Return-on-Tangible-Equity is 6.74. North American Construction Group's value of 4.92% is 27% below this industry median. Based on the distribution chart, North American Construction Group ranks #459 out of 947 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, North American Construction Group has a GF Score™ of 84/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does North American Construction Group's Return-on-Tangible-Equity compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, North American Construction Group ranks #459 out of 947 companies for Return-on-Tangible-Equity. This puts North American Construction Group in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.74. North American Construction Group's value of 4.92% is 27% below this benchmark. While the company's 10-year median is 15.80 vs. the industry median of 6.74, 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 Return-on-Tangible-Equity for an Oil & Gas company?
The median Return-on-Tangible-Equity among Oil & Gas companies is 6.74, based on 947 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. North American Construction Group's current Return-on-Tangible-Equity of 4.92% is 27% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on North American Construction Group and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 6.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. North American Construction Group's current Return-on-Tangible-Equity is 4.92%, which is 69% below median its own 10-year median of 15.80. 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 (NOA) is currently considered Possible Value Trap. The stock's GF Value™ is $24.49, compared to a current price of $13.13 — trading 46.4% below its estimated fair value. The current Return-on-Tangible-Equity is 4.92%, which is 69% below median its 10-year median of 15.80 and 27% below the Oil & Gas industry median of 6.74. North American Construction Group's overall GF Score™ is 84/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For North American Construction Group (NOA), the current Return-on-Tangible-Equity is 4.92% 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 North American Construction Group (NOA) Overvalued in 2026?
Based on GuruFocus' analysis, North American Construction Group stock appears to be undervalued.
The current stock price of $13.13 is trading 46.4% below its estimated GF Value™ of $24.49.
GuruFocus considers North American Construction Group to be Possible Value Trap.
Key valuation signals for NOA:
Return-on-Tangible-Equity: 4.92% (69% below median its 10-year median of 15.80)
GF Value™: $24.49 vs. price of $13.13 (46.4% below fair value)
Industry Position: 27% below the Oil & Gas median (#459 of 947)
No single metric tells the full story. See the NOA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
North American Construction Group Business Description
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.
84GF Score
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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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