National Gas CoOG (MUS:NGCI) ROCE %: 1.10% (As of Dec. 2025)


MUS:NGCI National Gas Co SAOG MUS:NGCI
37 GF Score
Price ر.ع0.11
GF Value ر.ع0.09
Valuation Modestly Overvalued
! 7 Warning Signs
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What is National Gas CoOG ROCE %?

National Gas CoOG MUS:NGCI 37 ROCE % is 1.10% as of Dec. 2025. GuruFocus rates MUS:NGCI with a GF Score™ of 37/100 and a GF Value™ of ر.ع0.09 (Modestly Overvalued). The stock has 7 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 Gas CoOG's annualized ROCE % for the quarter that ended in Dec. 2025 was 1.10%.

National Gas CoOG  (MUS:NGCI) 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 Gas CoOG ROCE % Related Terms

National Gas CoOG ROCE % Historical Data

* Premium members only.

The historical data trend for National Gas CoOG'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 Gas CoOG ROCE % Chart

National Gas CoOG 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 1.07 1.01 2.24 3.78 0.75

National Gas CoOG Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 5.30 -0.36 0.27 1.91 1.10
MUS:NGCI
37GF Score
National Gas Co SAOG MUS:NGCI
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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National Gas CoOG ROCE % Calculation

National Gas CoOG'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 )
=0.237/( ( (49.257 - 18.432) + (46.341 - 14.222) )/ 2 )
=0.237/( (30.825+32.119)/ 2 )
=0.237/31.472
=0.75 %

National Gas CoOG's ROCE % of for the quarter that ended in Dec. 2025 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2025 )  (Q: Sep. 2025 )(Q: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2025 )  (Q: Sep. 2025 )(Q: Dec. 2025 )
=0.356/( ( (47.21 - 14.478) + (46.341 - 14.222) )/ 2 )
=0.356/( ( 32.732 + 32.119 )/ 2 )
=0.356/32.4255
=1.10 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2025) 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 1.10% mean?
National Gas CoOG (MUS:NGCI) has a ROCE % of 1.10% as of Dec. 2025.
Is National Gas CoOG's ROCE % too high?
National Gas CoOG's current ROCE % is 1.10%. The Utilities - Regulated industry median ROCE % is 6.91. National Gas CoOG's value of 1.10% is 84.1% below this industry median. Overall, National Gas CoOG has a GF Score™ of 37/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Gas CoOG's ROCE % compare to ATO and NI?
National Gas CoOG's ROCE % of 1.10% can be compared against companies in the Utilities - Regulated industry. The industry median ROCE % is 6.91. National Gas CoOG's value of 1.10% is 84.1% 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 an Utilities - Regulated company?
The median ROCE % among Utilities - Regulated companies is 6.91, based on 504 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 Gas CoOG's current ROCE % of 1.10% is 84.1% 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 Utilities - Regulated industry, the median ROCE % is 6.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Gas CoOG's current ROCE % is 1.10%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Gas CoOG stock overvalued right now?
Based on GuruFocus' analysis, National Gas CoOG (MUS:NGCI) is currently considered Modestly Overvalued. The stock's GF Value™ is ر.ع0.09, compared to a current price of ر.ع0.11 — trading 17.8% above its estimated fair value. The current ROCE % is 1.10% and 84.1% below the Utilities - Regulated industry median of 6.91. National Gas CoOG's overall GF Score™ is 37/100 with 7 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 Gas CoOG (MUS:NGCI), the current ROCE % is 1.10% as of Dec. 2025. 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 Gas CoOG (MUS:NGCI) Overvalued in 2026?

Based on GuruFocus' analysis, National Gas CoOG stock appears to be overvalued. The current stock price of ر.ع0.11 is trading 17.8% above its estimated GF Value™ of ر.ع0.09. GuruFocus considers National Gas CoOG to be Modestly Overvalued.

Key valuation signals for MUS:NGCI:

  • ROCE %: 1.10%
  • GF Value™: ر.ع0.09 vs. price of ر.ع0.11 (17.8% above fair value)
  • GF Score™: 37/100 with 7 warning signs
  • Industry Position: 84.1% below the Utilities - Regulated median

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

National Gas CoOG Business Description

Address Al Khuwair Office, Al Khuwair, ONEIC Building, Muscat, OMN
National Gas Co SAOG operates as a Liquefied Petroleum Gas filling plant. The company is engaged in the marketing, selling, and distribution of LPG. The group's only business segment is the marketing and selling of LPG. It operates a large fleet of tankers to lift bulk LPG from refineries in the Sultanate to its plants where it is bottled into cylinders in safe and controlled conditions. The company has different sizes of tankers to meet customer demand and reduce distribution costs. The company has different departments for project and design which takes care of design, engineering, procurement, installation, commissioning and testing of all projects and post-sale services.
37GF Score

Get the complete analysis for MUS:NGCI

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

ر.ع0.11
Price
ر.ع0.09
GF Value