MJDLF (Major Drilling Group International) ROCE %: 6.74% (As of Apr. 2026)

What is Major Drilling Group International ROCE %?

Major Drilling Group International MJDLF -3.79% 82 ROCE % is 6.74% as of Apr. 2026. GuruFocus rates MJDLF with a GF Score™ of 82/100 and a GF Value™ of $8.01 (Modestly Overvalued). The stock has 5 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. Major Drilling Group International's annualized ROCE % for the quarter that ended in Apr. 2026 was 6.74%.

Major Drilling Group International (OTCPK:MJDLF) 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.

Major Drilling Group International ROCE % Related Terms

Major Drilling Group International ROCE % Historical Data

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The historical data trend for Major Drilling Group International'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.

Major Drilling Group International ROCE % Chart

Major Drilling Group International Annual Data

Trend

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Apr25

Apr26

ROCE %

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18.56

20.41

14.48

7.01

5.65

Major Drilling Group International Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25	Apr25	Jul25	Oct25	Jan26	Apr26
ROCE %	Get a 7-Day Free Trial															1.83	9.91	13.10	-8.54	6.74

82GF Score

Major Drilling Group International Inc MJDLF

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

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Major Drilling Group International ROCE % Calculation

Major Drilling Group International's annualized ROCE % for the fiscal year that ended in Apr. 2026 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2026 )		(A: Apr. 2025 )		(A: Apr. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2026 )		(A: Apr. 2025 )		(A: Apr. 2026 )
	=	24.506	/	( ( (514.084 - 91.463)	+	(556.926 - 111.548) )	/ 2 )
	=	24.506	/	( (422.621	+	445.378)	/ 2 )
	=	24.506	/	433.9995
	=	5.65 %

Major Drilling Group International's ROCE % of for the quarter that ended in Apr. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Apr. 2026 )		(Q: Jan. 2026 )		(Q: Apr. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Apr. 2026 )		(Q: Jan. 2026 )		(Q: Apr. 2026 )
	=	29.872	/	( ( (533.45 - 92.958)	+	(556.926 - 111.548) )	/ 2 )
	=	29.872	/	( ( 440.492	+	445.378 )	/ 2 )
	=	29.872	/	442.935
	=	6.74 %

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

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 6.74% mean?

Major Drilling Group International (MJDLF) has a ROCE % of 6.74% as of Apr. 2026.

Is Major Drilling Group International's ROCE % too high?

Major Drilling Group International's current ROCE % is 6.74%. Overall, Major Drilling Group International has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Major Drilling Group International's ROCE % compare to competitors?

Major Drilling Group International's ROCE % of 6.74% can be compared against companies in the Metals & Mining industry. 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 Metals & Mining company?

A good ROCE % depends on the Metals & Mining industry context. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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. Major Drilling Group International's current ROCE % is 6.74%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Major Drilling Group International stock overvalued right now?

Based on GuruFocus' analysis, Major Drilling Group International (MJDLF) is currently considered Modestly Overvalued. The stock's GF Value™ is $8.01, compared to a current price of $10.16 — trading 26.8% above its estimated fair value. The current ROCE % is 6.74%. Major Drilling Group International's overall GF Score™ is 82/100 with 5 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 Major Drilling Group International (MJDLF), the current ROCE % is 6.74% as of Apr. 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 Major Drilling Group International (MJDLF) Overvalued in 2026?

Based on GuruFocus' analysis, Major Drilling Group International stock appears to be overvalued. The current stock price of $10.16 is trading 26.8% above its estimated GF Value™ of $8.01. GuruFocus considers Major Drilling Group International to be Modestly Overvalued.

Key valuation signals for MJDLF:

ROCE %: 6.74%
GF Value™: $8.01 vs. price of $10.16 (26.8% above fair value)
GF Score™: 82/100 with 5 warning signs

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

Major Drilling Group International Business Description

Industry Basic Materials Metals & Mining

Comparable Companies TSX:OM TSXV:SLI TSX:PMET TSX:LMCU TSXV:LUNR TSX:TLG TSXV:MOON TSX:TMQ TSX:TLO TSXV:AFM ASX:BHP ASX:RIO LSE:RIO MEX:GMEXICOB LSE:GLEN BSP:VALE3 SAU:1211 LSE:AAL HKSE:03993 ASX:FMG

Other Exchanges 3MJ:Germany MDI:Canada

Address 111 St. George Street, Suite 100, Moncton, NB, CAN, E1C 1T7

Website https://www.majordrilling.com

Major Drilling Group International Inc consists of contract drilling for companies mainly involved in mining and mineral exploration. The Company has operations in North America, South America, Australia, Asia, and Africa. Its services are Surface Drilling Services, and Underground Drilling Services. Its geographical segments are Canada - the United States; South and Central America; and Australasia and Africa, of which majority of its revenue comes from South and Central America.

82GF Score

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

$10.16

Price

$8.01

GF Value

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