CNM (Core & Main) ROCE %: 16.76% (As of Jul. 2026)

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CNM Core & Main Inc CNM
87 GF Score
Price $40.85
GF Value $55.37
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Core & Main ROCE %?

Core & Main CNM -1.80% 87 ROCE % is 16.76% as of Jul. 2026. GuruFocus rates CNM with a GF Score™ of 87/100 and a GF Value™ of $55.37 (Modestly Undervalued). The stock has 2 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. Core & Main's annualized ROCE % for the quarter that ended in Jul. 2026 was 16.76%.

Core & Main  (NYSE:CNM) 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.

Core & Main ROCE % Related Terms

Core & Main ROCE % Historical Data

* Premium members only.

The historical data trend for Core & Main'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.

Core & Main ROCE % Chart

Core & Main Annual Data
Trend Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
ROCE %
Get a 7-Day Free Trial 10.69 19.93 17.46 15.46 14.23

Core & Main Quarterly Data
Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26 Jul26
ROCE % 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 16.67 16.95 9.46 13.58 16.76
CNM
87GF Score
Core & Main Inc CNM
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Core & Main ROCE % Calculation

Core & Main's annualized ROCE % for the fiscal year that ended in Jan. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Jan. 2026 )  (A: Jan. 2025 )(A: Jan. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Jan. 2026 )  (A: Jan. 2025 )(A: Jan. 2026 )
=727/( ( (5870 - 866) + (6085 - 874) )/ 2 )
=727/( (5004+5211)/ 2 )
=727/5107.5
=14.23 %

Core & Main's ROCE % of for the quarter that ended in Jul. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jul. 2026 )  (Q: Apr. 2026 )(Q: Jul. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jul. 2026 )  (Q: Apr. 2026 )(Q: Jul. 2026 )
=900/( ( (6324 - 1106) + (6709 - 1190) )/ 2 )
=900/( ( 5218 + 5519 )/ 2 )
=900/5368.5
=16.76 %

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

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 16.76% mean?
Core & Main (CNM) has a ROCE % of 16.76% as of Jul. 2026.
Is Core & Main's ROCE % too high?
Core & Main's current ROCE % is 16.76%. The Industrial Distribution industry median ROCE % is 9.69. Core & Main's value of 16.76% is 73% above this industry median. Overall, Core & Main has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Core & Main's ROCE % compare to POOL and MSM?
Core & Main's ROCE % of 16.76% can be compared against companies in the Industrial Distribution industry. The industry median ROCE % is 9.69. Core & Main's value of 16.76% is 73% 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 Industrial Distribution company?
The median ROCE % among Industrial Distribution companies is 9.69, based on 163 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. Core & Main's current ROCE % of 16.76% is 73% 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 Industrial Distribution industry, the median ROCE % is 9.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Core & Main's current ROCE % is 16.76%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Core & Main stock overvalued right now?
Based on GuruFocus' analysis, Core & Main (CNM) is currently considered Modestly Undervalued. The stock's GF Value™ is $55.37, compared to a current price of $40.85 — trading 26.2% below its estimated fair value. The current ROCE % is 16.76% and 73% above the Industrial Distribution industry median of 9.69. Core & Main's overall GF Score™ is 87/100 with 2 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 Core & Main (CNM), the current ROCE % is 16.76% as of Jul. 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 Core & Main (CNM) Overvalued in 2026?

Based on GuruFocus' analysis, Core & Main stock appears to be undervalued. The current stock price of $40.85 is trading 26.2% below its estimated GF Value™ of $55.37. GuruFocus considers Core & Main to be Modestly Undervalued.

Key valuation signals for CNM:

  • ROCE %: 16.76%
  • GF Value™: $55.37 vs. price of $40.85 (26.2% below fair value)
  • GF Score™: 87/100 with 2 warning signs
  • Industry Position: 73% above the Industrial Distribution median

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

Core & Main Business Description

Address 1830 Craig Park Court, Saint Louis, MO, USA, 63146
Core & Main is a leading specialty distributor with a focus on water, wastewater, storm drainage, and fire protection products. The company provides solutions to municipalities, private water companies, and professional contractors across municipal, nonresidential, and residential end markets. The company's specialty products and services are used in the maintenance, repair, replacement, and construction of water and fire protection infrastructure.
87GF Score

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

$40.85
Price
$55.37
GF Value