NCSM (NCS Multistage Holdings) ROCE %: 6.81% (As of Mar. 2026)


NCSM NCS Multistage Holdings Inc NCSM
60 GF Score
Price $45.39
GF Value $25.91
Valuation Significantly Overvalued
! 4 Warning Signs
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What is NCS Multistage Holdings ROCE %?

NCS Multistage Holdings NCSM -6.24% 60 ROCE % is 6.81% as of Mar. 2026. GuruFocus rates NCSM with a GF Score™ of 60/100 and a GF Value™ of $25.91 (Significantly Overvalued). The stock has 4 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. NCS Multistage Holdings's annualized ROCE % for the quarter that ended in Mar. 2026 was 6.81%.

NCS Multistage Holdings  (NAS:NCSM) 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.

NCS Multistage Holdings ROCE % Related Terms

NCS Multistage Holdings ROCE % Historical Data

* Premium members only.

The historical data trend for NCS Multistage Holdings'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.

NCS Multistage Holdings ROCE % Chart

NCS Multistage Holdings 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 -2.26 0.34 -2.29 7.01 12.19

NCS Multistage Holdings 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 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 15.99 2.21 11.20 20.39 6.81
NCSM
60GF Score
NCS Multistage Holdings Inc NCSM
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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NCS Multistage Holdings ROCE % Calculation

NCS Multistage Holdings'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 )
=17.071/( ( (152.812 - 25.419) + (181.199 - 28.526) )/ 2 )
=17.071/( (127.393+152.673)/ 2 )
=17.071/140.033
=12.19 %

NCS Multistage Holdings'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 )
=10.404/( ( (181.199 - 28.526) + (174.583 - 21.878) )/ 2 )
=10.404/( ( 152.673 + 152.705 )/ 2 )
=10.404/152.689
=6.81 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 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 6.81% mean?
NCS Multistage Holdings (NCSM) has a ROCE % of 6.81% as of Mar. 2026.
Is NCS Multistage Holdings' ROCE % too high?
NCS Multistage Holdings' current ROCE % is 6.81%. The Oil & Gas industry median ROCE % is 6.79. NCS Multistage Holdings' value of 6.81% is 0.3% above this industry median. Overall, NCS Multistage Holdings has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NCS Multistage Holdings' ROCE % compare to GEOS and DWSN?
NCS Multistage Holdings' ROCE % of 6.81% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.79. NCS Multistage Holdings' value of 6.81% is 0.3% 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. NCS Multistage Holdings's current ROCE % of 6.81% is 0.3% 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. NCS Multistage Holdings's current ROCE % is 6.81%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NCS Multistage Holdings stock overvalued right now?
Based on GuruFocus' analysis, NCS Multistage Holdings (NCSM) is currently considered Significantly Overvalued. The stock's GF Value™ is $25.91, compared to a current price of $45.39 — trading 75.2% above its estimated fair value. The current ROCE % is 6.81% and 0.3% above the Oil & Gas industry median of 6.79. NCS Multistage Holdings' overall GF Score™ is 60/100 with 4 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 NCS Multistage Holdings (NCSM), the current ROCE % is 6.81% 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 NCS Multistage Holdings (NCSM) Overvalued in 2026?

Based on GuruFocus' analysis, NCS Multistage Holdings stock appears to be overvalued. The current stock price of $45.39 is trading 75.2% above its estimated GF Value™ of $25.91. GuruFocus considers NCS Multistage Holdings to be Significantly Overvalued.

Key valuation signals for NCSM:

  • ROCE %: 6.81%
  • GF Value™: $25.91 vs. price of $45.39 (75.2% above fair value)
  • GF Score™: 60/100 with 4 warning signs
  • Industry Position: 0.3% above the Oil & Gas median

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

NCS Multistage Holdings Business Description

Industry EnergyOil & Gas
Other Exchanges MUH0:Germany
Address 19350 State Highway 249, Suite 600, Houston, TX, USA, 77070
NCS Multistage Holdings Inc is a provider of engineered products and support services that facilitate the optimization of oil and natural gas well construction, well completion, and field development strategies. The company provides its products and services to E&P companies for use in onshore and offshore wells, predominantly those drilled with horizontal laterals in unconventional and conventional oil and natural gas formations. It also provides tracer diagnostics services and sells products for well construction including casing buoyancy systems, liner hanger systems and toe initiation sleeves, along with certain complementary products from third parties. The company operates in the United States, Canada and other countries, with the majority of its revenue generated from Canada.
60GF Score

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

$45.39
Price
$25.91
GF Value