ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. North American Construction Group's annualizedNet Income for the quarter that ended in Mar. 2026 was $16.2 Mil.
North American Construction Group's average Total Assets over the quarter that ended in Mar. 2026 was $1,343.6 Mil. Therefore, North American Construction Group's annualized ROA % for the quarter that ended in Mar. 2026 was 1.21%.
NOA'
s ROA % Range Over the Past 10 Years
Min: -0.13 Med: 3.92 Max: 7.29
Current: 1.81
During the past 13 years, North American Construction Group's highest ROA % was 7.29%. The lowest was -0.13%. And the median was 3.92%.
NOA's ROA % is ranked worse than 50.93% of 1025
companies
in the Oil & Gas industry
Industry Median: 1.89
vs NOA: 1.81
North American Construction Group (NYSE:NOA) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
North American Construction Group ROA % Related Terms
North American Construction Group ROA % 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.
For the Oil & Gas Equipment & Services subindustry, North American Construction Group's ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Oil & Gas Industry
* 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 ROA %, the net income of the last fiscal year and the average total assets 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.
ROA % is displayed in the 30-year financial page.
North American Construction Group (NOA) has a ROA % of 1.21% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on North American Construction Group and its competitors. This is 69% below median its historical median of 3.92. According to the industry distribution chart, North American Construction Group ranks #522 out of 1025 companies in the Oil & Gas industry, placing it in the top 50.9%.
Is North American Construction Group's ROA % too high?
North American Construction Group's current ROA % of 1.21% is 69% below median its 10-year median of 3.92. The Oil & Gas industry median ROA % is 1.89. North American Construction Group's value of 1.21% is 36% below this industry median. Based on the distribution chart, North American Construction Group ranks #522 out of 1025 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, North American Construction Group has a GF Score™ of 86/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does North American Construction Group's ROA % compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, North American Construction Group ranks #522 out of 1025 companies for ROA %. This places North American Construction Group in the lower half of its industry. The industry median ROA % is 1.89. North American Construction Group's value of 1.21% is 36% below this benchmark. While the company's 10-year median is 3.92 vs. the industry median of 1.89, 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 ROA % for an Oil & Gas company?
The median ROA % among Oil & Gas companies is 1.89, based on 1,025 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. North American Construction Group's current ROA % of 1.21% is 36% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on North American Construction Group and its competitors. For the Oil & Gas industry, the median ROA % is 1.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. North American Construction Group's current ROA % is 1.21%, which is 69% below median its own 10-year median of 3.92. 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 $24.29, compared to a current price of $13.75 — trading 43.4% below its estimated fair value. The current ROA % is 1.21%, which is 69% below median its 10-year median of 3.92 and 36% below the Oil & Gas industry median of 1.89. North American Construction Group's overall GF Score™ is 86/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For North American Construction Group (NOA), the current ROA % is 1.21% 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 $13.75 is trading 43.4% below its estimated GF Value™ of $24.29.
GuruFocus considers North American Construction Group to be Possible Value Trap.
Key valuation signals for NOA:
ROA %: 1.21% (69% below median its 10-year median of 3.92)
GF Value™: $24.29 vs. price of $13.75 (43.4% below fair value)
Industry Position: 36% below the Oil & Gas median (#522 of 1025)
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.
86GF Score
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