Cameco (MEX:CCJN) ROCE %: 8.01% (As of Mar. 2026)

What is Cameco ROCE %?

Cameco MEX:CCJN -3.68% 54 ROCE % is 8.01% as of Mar. 2026. GuruFocus rates MEX:CCJN with a GF Score™ of 54/100 and a GF Value™ of MXN1,164.76 (Significantly Overvalued). 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. Cameco's annualized ROCE % for the quarter that ended in Mar. 2026 was 8.01%.

Cameco (MEX:CCJN) 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.

Cameco ROCE % Related Terms

Cameco ROCE % Historical Data

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The historical data trend for Cameco'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.

Cameco ROCE % Chart

Cameco Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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-0.61

1.92

6.47

4.73

9.18

Cameco 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															6.68	18.31	1.25	13.02	8.01

54GF Score

Cameco Corp MEX:CCJN

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

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Cameco ROCE % Calculation

Cameco'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 )
	=	11394.43	/	( ( (145025.315 - 17357.953)	+	(134455.812 - 13968.429) )	/ 2 )
	=	11394.43	/	( (127667.362	+	120487.383)	/ 2 )
	=	11394.43	/	124077.3725
	=	9.18 %

Cameco'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 )
	=	9760.58	/	( ( (134455.812 - 13968.429)	+	(132820.115 - 9555.675) )	/ 2 )
	=	9760.58	/	( ( 120487.383	+	123264.44 )	/ 2 )
	=	9760.58	/	121875.9115
	=	8.01 %

(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 8.01% mean?

Cameco (MEX:CCJN) has a ROCE % of 8.01% as of Mar. 2026.

Is Cameco's ROCE % too high?

Cameco's current ROCE % is 8.01%. The Other Energy Sources industry median ROCE % is 1.16. Cameco's value of 8.01% is 590.5% above this industry median. Overall, Cameco has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Cameco's ROCE % compare to UEC and LEU?

Cameco's ROCE % of 8.01% can be compared against companies in the Other Energy Sources industry. The industry median ROCE % is 1.16. Cameco's value of 8.01% is 590.5% 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 Other Energy Sources company?

The median ROCE % among Other Energy Sources companies is 1.16, based on 177 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. Cameco's current ROCE % of 8.01% is 590.5% 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 Other Energy Sources industry, the median ROCE % is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cameco's current ROCE % is 8.01%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Cameco stock overvalued right now?

Based on GuruFocus' analysis, Cameco (MEX:CCJN) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN1,164.76, compared to a current price of MXN1,830.00 — trading 57.1% above its estimated fair value. The current ROCE % is 8.01% and 590.5% above the Other Energy Sources industry median of 1.16. Cameco's overall GF Score™ is 54/100 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 Cameco (MEX:CCJN), the current ROCE % is 8.01% 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 Cameco (MEX:CCJN) Overvalued in 2026?

Based on GuruFocus' analysis, Cameco stock appears to be overvalued. The current stock price of MXN1,830.00 is trading 57.1% above its estimated GF Value™ of MXN1,164.76. GuruFocus considers Cameco to be Significantly Overvalued.

Key valuation signals for MEX:CCJN:

ROCE %: 8.01%
GF Value™: MXN1,164.76 vs. price of MXN1,830.00 (57.1% above fair value)
GF Score™: 54/100 with 2 warning signs
Industry Position: 590.5% above the Other Energy Sources median

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

Cameco Business Description

Industry Energy Other Energy Sources

Comparable Companies TSX:NXE TSX:U.U TSX:EFR TSX:DML TSX:ISO TSX:URE TSX:URC TSXV:EU TSXV:SASK TSX:MGA SZSE:001280 XKAZ:KZAP UEC ASX:PDN LEU HKSE:01164 LSE:YCA ASX:DYL ASX:ERA ASX:BMN

Other Exchanges CCJ:USA 0R35:UK CJ6:Germany CCO:Canada C1CJ34:Brazil

Address 11th Street West, Suite 2121, Saskatoon, SK, CAN, S7M 1J3

Website https://www.cameco.com

Cameco Corp is a provider of uranium needed to generate clean, reliable baseload electricity around the globe and is one of those uranium producers. It has three reportable segments: Uranium, Fuel Services, and Westinghouse, deriving maximum revenue from the Westinghouse segment. The Uranium segment involves the exploration for, mining, milling, purchase, and sale of uranium concentrate, while the Fuel Services segment involves the refining, conversion, and fabrication of uranium concentrate and the purchase and sale of conversion services. Westinghouse Electric Company provides products and services to nuclear reactors, including outage and maintenance services, engineering support, instrumentation and controls equipment, plant modification, and components and parts.

54GF Score

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

MXN1,830.00

Price

MXN1,164.76

GF Value

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