Headwater Exploration (FRA:C6V) ROCE %: 21.57% (As of Mar. 2026)

What is Headwater Exploration ROCE %?

Headwater Exploration FRA:C6V 75 ROCE % is 21.57% as of Mar. 2026. GuruFocus rates FRA:C6V with a GF Score™ of 75/100 and a GF Value™ of €5.51 (Significantly Overvalued). The stock has 1 warning sign 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. Headwater Exploration's annualized ROCE % for the quarter that ended in Mar. 2026 was 21.57%.

Headwater Exploration (FRA:C6V) 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.

Headwater Exploration ROCE % Related Terms

Headwater Exploration ROCE % Historical Data

* Premium members only.

The historical data trend for Headwater Exploration'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.

Headwater Exploration ROCE % Chart

Headwater Exploration Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

Get a 7-Day Free Trial

14.72

40.44

30.39

31.77

23.09

Headwater Exploration Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															30.64	23.08	22.39	17.71	21.57

75GF Score

Headwater Exploration Inc FRA:C6V

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

View Full Analysis

Headwater Exploration ROCE % Calculation

Headwater Exploration'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 )
	=	125.737	/	( ( (638.568 - 86.413)	+	(616.073 - 79.296) )	/ 2 )
	=	125.737	/	( (552.155	+	536.777)	/ 2 )
	=	125.737	/	544.466
	=	23.09 %

Headwater Exploration'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 )
	=	117.572	/	( ( (616.073 - 79.296)	+	(649.212 - 95.763) )	/ 2 )
	=	117.572	/	( ( 536.777	+	553.449 )	/ 2 )
	=	117.572	/	545.113
	=	21.57 %

(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 21.57% mean?

Headwater Exploration (FRA:C6V) has a ROCE % of 21.57% as of Mar. 2026.

Is Headwater Exploration's ROCE % too high?

Headwater Exploration's current ROCE % is 21.57%. The Oil & Gas industry median ROCE % is 6.79. Headwater Exploration's value of 21.57% is 217.7% above this industry median. Overall, Headwater Exploration has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Headwater Exploration's ROCE % compare to COP and EOG?

Headwater Exploration's ROCE % of 21.57% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.79. Headwater Exploration's value of 21.57% is 217.7% 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 6.79, 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. Headwater Exploration's current ROCE % of 21.57% is 217.7% 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 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Headwater Exploration's current ROCE % is 21.57%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Headwater Exploration stock overvalued right now?

Based on GuruFocus' analysis, Headwater Exploration (FRA:C6V) is currently considered Significantly Overvalued. The stock's GF Value™ is €5.51, compared to a current price of €7.40 — trading 34.3% above its estimated fair value. The current ROCE % is 21.57% and 217.7% above the Oil & Gas industry median of 6.79. Headwater Exploration's overall GF Score™ is 75/100 with 1 warning sign 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 Headwater Exploration (FRA:C6V), the current ROCE % is 21.57% 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 Headwater Exploration (FRA:C6V) Overvalued in 2026?

Based on GuruFocus' analysis, Headwater Exploration stock appears to be overvalued. The current stock price of €7.40 is trading 34.3% above its estimated GF Value™ of €5.51. GuruFocus considers Headwater Exploration to be Significantly Overvalued.

Key valuation signals for FRA:C6V:

ROCE %: 21.57%
GF Value™: €5.51 vs. price of €7.40 (34.3% above fair value)
GF Score™: 75/100 with 1 warning sign
Industry Position: 217.7% above the Oil & Gas median

No single metric tells the full story. See the FRA:C6V stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Headwater Exploration Business Description

Industry Energy Oil & Gas

Comparable Companies TSX:FRU TSX:SDE TSX:VET TSX:PXT TSX:IPCO TSX:CJ TSX:KEL TSX:BIR TSX:TNZ TSX:AAV HKSE:00883 COP TSX:CNQ EOG OXY FANG DVN ASX:WDS EQT TPL

Other Exchanges CDDRF:USA HWX:Canada

Address 215 - 9th Avenue SW, Unit 1400, Calgary, AB, CAN, T2P 1K3

Website https://www.headwaterexp.com

Headwater Exploration Inc is a Canadian resource company engaged in the exploration for and development and production of petroleum and natural gas in Canada. The company has high quality oil production, reserves, and lands in the prolific Clearwater play in the Marten Hills, Greater Peavine and Greater Nipisi areas of Alberta as well as low decline natural gas production and reserves in the McCully Field near Sussex, New Brunswick. Its core operating areas are Clearwater fairway, Alberta and McCully Field, New Brunswick.

75GF Score

Get the complete analysis for FRA:C6V

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

€7.40

Price

€5.51

GF Value

View FRA:C6V Analysis

See ROCE % data for all stocks →