National Industries Co KSC (KUW:NICBM) ROCE %: 3.83% (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

KUW:NICBM National Industries Co KSC KUW:NICBM
47 GF Score
Price KWD0.27
GF Value KWD0.23
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is National Industries Co KSC ROCE %?

National Industries Co KSC KUW:NICBM -3.23% 47 ROCE % is 3.83% as of Jun. 2026. GuruFocus rates KUW:NICBM with a GF Score™ of 47/100 and a GF Value™ of KWD0.23 (Modestly Overvalued). The stock has 8 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. National Industries Co KSC's annualized ROCE % for the quarter that ended in Jun. 2026 was 3.83%.


National Industries Co KSC  (KUW:NICBM) 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.


National Industries Co KSC ROCE % Related Terms


National Industries Co KSC ROCE % Historical Data

* Premium members only.

The historical data trend for National Industries Co KSC'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.

National Industries Co KSC ROCE % Chart

National Industries Co KSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.06 5.05 4.53 6.91 4.45

National Industries Co KSC Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 4.95 4.42 6.11 0.38 3.83
KUW:NICBM
47GF Score
National Industries Co KSC KUW:NICBM
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

National Industries Co KSC ROCE % Calculation

National Industries Co KSC'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 )
=4.605/( ( (123.202 - 20.12) + (124.868 - 20.831) )/ 2 )
=4.605/( (103.082+104.037)/ 2 )
=4.605/103.5595
=4.45 %

National Industries Co KSC's ROCE % of for the quarter that ended in Jun. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=3.864/( ( (123.112 - 21.037) + (122.7 - 23.197) )/ 2 )
=3.864/( ( 102.075 + 99.503 )/ 2 )
=3.864/100.789
=3.83 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 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 3.83% mean?
National Industries Co KSC (KUW:NICBM) has a ROCE % of 3.83% as of Jun. 2026.
Is National Industries Co KSC's ROCE % too high?
National Industries Co KSC's current ROCE % is 3.83%. The Construction industry median ROCE % is 8.17. National Industries Co KSC's value of 3.83% is 53.1% below this industry median. Overall, National Industries Co KSC has a GF Score™ of 47/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Industries Co KSC's ROCE % compare to TT and JCI?
National Industries Co KSC's ROCE % of 3.83% can be compared against companies in the Construction industry. The industry median ROCE % is 8.17. National Industries Co KSC's value of 3.83% is 53.1% below 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 a Construction company?
The median ROCE % among Construction companies is 8.17, based on 1,759 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. National Industries Co KSC's current ROCE % of 3.83% is 53.1% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Construction industry, the median ROCE % is 8.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Industries Co KSC's current ROCE % is 3.83%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Industries Co KSC stock overvalued right now?
Based on GuruFocus' analysis, National Industries Co KSC (KUW:NICBM) is currently considered Modestly Overvalued. The stock's GF Value™ is KWD0.23, compared to a current price of KWD0.27 — trading 16.1% above its estimated fair value. The current ROCE % is 3.83% and 53.1% below the Construction industry median of 8.17. National Industries Co KSC's overall GF Score™ is 47/100 with 8 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 National Industries Co KSC (KUW:NICBM), the current ROCE % is 3.83% as of Jun. 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 National Industries Co KSC (KUW:NICBM) Overvalued in 2026?

Based on GuruFocus' analysis, National Industries Co KSC stock appears to be overvalued. The current stock price of KWD0.27 is trading 16.1% above its estimated GF Value™ of KWD0.23. GuruFocus considers National Industries Co KSC to be Modestly Overvalued.

Key valuation signals for KUW:NICBM:

  • ROCE %: 3.83%
  • GF Value™: KWD0.23 vs. price of KWD0.27 (16.1% above fair value)
  • GF Score™: 47/100 with 8 warning signs
  • Industry Position: 53.1% below the Construction median

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


National Industries Co KSC Business Description

Address Jahra Road and International Airport Road, South Shuwaikh, PO Box 3314, Safat, Kuwait City, KWT, 13034
National Industries Co KSC is a company specializing in the manufacture and marketing of building materials and infrastructure products in the State of Kuwait. The business has four business segments which include building materials and contracting services, the Oil sector, Real estate, and investments. The majority of its revenue derives from the building materials and contracting services segment.
47GF Score

Get the complete analysis for KUW:NICBM

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

KWD0.27
Price
KWD0.23
GF Value