ADNOC Gas (ADX:ADNOCGAS) ROCE %: 19.42% (As of Mar. 2026)

What is ADNOC Gas ROCE %?

ADNOC Gas ADX:ADNOCGAS -0.29% 56 ROCE % is 19.42% as of Mar. 2026. GuruFocus rates ADX:ADNOCGAS with a GF Score™ of 56/100 and a GF Value™ of د.إ3.21 (Fairly Valued). The stock has 4 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. ADNOC Gas's annualized ROCE % for the quarter that ended in Mar. 2026 was 19.42%.

ADNOC Gas (ADX:ADNOCGAS) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

ADNOC Gas ROCE % Related Terms

ADNOC Gas ROCE % Historical Data

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The historical data trend for ADNOC Gas's ROCE % 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.

ADNOC Gas ROCE % Chart

ADNOC Gas Annual Data

Trend

Dec20

Dec21

Dec23

Dec24

Dec25

ROCE %

-11.30

24.09

25.71

25.52

24.31

ADNOC Gas Quarterly Data
	Dec20	Dec21	Oct22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial											25.93	26.20	25.40	20.28	19.42

56GF Score

ADNOC Gas PLC ADX:ADNOCGAS

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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ADNOC Gas ROCE % Calculation

ADNOC Gas's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	24546.289	/	( ( (113223.523 - 14343.721)	+	(119252.739 - 16218.729) )	/ 2 )
	=	24546.289	/	( (98879.802	+	103034.01)	/ 2 )
	=	24546.289	/	100956.906
	=	24.31 %

ADNOC Gas's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	20415.024	/	( ( (119252.739 - 16218.729)	+	(122625.925 - 15448.786) )	/ 2 )
	=	20415.024	/	( ( 103034.01	+	107177.139 )	/ 2 )
	=	20415.024	/	105105.5745
	=	19.42 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 19.42% mean?

ADNOC Gas (ADX:ADNOCGAS) has a ROCE % of 19.42% as of Mar. 2026.

Is ADNOC Gas' ROCE % too high?

ADNOC Gas' current ROCE % is 19.42%. The Oil & Gas industry median ROCE % is 6.85. ADNOC Gas' value of 19.42% is 183.5% above this industry median. Overall, ADNOC Gas has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does ADNOC Gas' ROCE % compare to XOM and CVX?

ADNOC Gas' ROCE % of 19.42% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.85. ADNOC Gas' value of 19.42% is 183.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for an Oil & Gas company?

The median ROCE % among Oil & Gas companies is 6.85, based on 977 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ADNOC Gas's current ROCE % of 19.42% is 183.5% above 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median ROCE % is 6.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ADNOC Gas's current ROCE % is 19.42%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is ADNOC Gas stock overvalued right now?

Based on GuruFocus' analysis, ADNOC Gas (ADX:ADNOCGAS) is currently considered Fairly Valued. The stock's GF Value™ is د.إ3.21, compared to a current price of د.إ3.42 — trading 6.5% above its estimated fair value. The current ROCE % is 19.42% and 183.5% above the Oil & Gas industry median of 6.85. ADNOC Gas' overall GF Score™ is 56/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For ADNOC Gas (ADX:ADNOCGAS), the current ROCE % is 19.42% 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 ADNOC Gas (ADX:ADNOCGAS) Overvalued in 2026?

Based on GuruFocus' analysis, ADNOC Gas stock appears to be overvalued. The current stock price of د.إ3.42 is trading 6.5% above its estimated GF Value™ of د.إ3.21. GuruFocus considers ADNOC Gas to be Fairly Valued.

Key valuation signals for ADX:ADNOCGAS:

ROCE %: 19.42%
GF Value™: د.إ3.21 vs. price of د.إ3.42 (6.5% above fair value)
GF Score™: 56/100 with 4 warning signs
Industry Position: 183.5% above the Oil & Gas median

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

ADNOC Gas Business Description

Industry Energy Oil & Gas

Comparable Companies ADX:DANA SAU:2222 XOM CVX SHSE:601857 LSE:SHEL XPAR:TTE BSP:PETR3 LSE:BP.OSL:EQNR HKSE:00386 MIL:ENI TSX:SU TSX:IMO TSX:CVE WAR:PKN BOM:500312 BKK:PTT BOG:ECOPETROL XMAD:REP

Address Khalifa Street, Sheikh Khalifa Energy Complex 1, Abu Dhabi, ARE

Website https://adnocgas.ae

ADNOC Gas PLC is an integrated gas processing company. The Company is responsible for producing, processing, distributing, and marketing natural gas and its derivatives in the UAE and abroad. The company Gas operates a network of pipelines, processing plants, storage facilities, and export terminals that supply gas to various sectors, including power generation, water desalination, petrochemicals, industries, and households. The Company also exports liquefied natural gas (LNG) and liquefied petroleum gas (LPG) to regional and international markets.

56GF Score

Get the complete analysis for ADX:ADNOCGAS

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

د.إ3.42

Price

د.إ3.21

GF Value

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